Hydroponics is the process of growing plants indoors without the use of soil. All the necessary nutrients required for plant growth are supplied through a nutrient solution to the roots of plants. The nutrient solution keeps the plants hydrated and fed. It uses supplemental lighting solutions in place of sunlight. Hanging lights above the plants mimic the natural cycles of daylight and darkness, which is necessary for plants to grow.

FastMR Brief:

  • As per the report, the global hydroponic market is expected to surpass $770.7 Million by 2028 and grow at a CAGR of around 10.53% from 2021-2028.
  • The leafy green vegetables and microgreens grown using a hydroponic system are likely to have the highest profit margins at around 40%.

Hydroponics Market Insights:

Hydroponic systems have revolutionized the agriculture industry, increasing popularity among commercial and home growers. A hydroponic system is being widely used in indoor farming across the globe. It provides a high yield and more vital crops as plants feed a nutrient-rich solution.