Market Research Future (Food and Beverages) Hydroponics Market Research, Size, Share, Trend | Page 3

Hydroponics Market Research, Share, Trend, Industry Analysis, 2022
2 Market Overview
The agriculture sector is one of the oldest and the most established sector for any country’s economy. The idea of
taking crops out of soil and growing in a completely soil-less medium is still surprising for the mass. Hydroponics is
the fastest growing soil-less farming practice at a global level, wherein a tailored nutrient solution is used for the crop
to attain its full growth with a superior quality in a sustainable manner. The technique introduced several advantages
in terms of increased yield, higher returns on investment, and protected environment among others, attracting a
larger share of producers as well as investors.
With the progressive integration of technology with agricultural practices there have been significant improvements
in conventional farming practices, yield quantities, and associated returns on investments. However, in the past
decade there has been constant degradation of natural resources such as land and water. This along with several
other monetary reasons has led to an alarming need of switching to unconventional farming techniques, such as
hydroponics, which does not depend on soil, fertile land, and water resources for cultivation.
Key Findings:

The soil-less farming technique (hydroponics) is poised to grow over USD 27.29 Billion by 2022 at
an estimated CAGR of 6.39% from 2015 to 2022

Hydroponic crop value in Europe will be lower than the global average at a steady 5.28% CAGR,
growing from USD 9.8 Billion in 2014 to USD 13.38 Billion in 2022

Developing countries of Middle East and Africa will continue contributing smaller shares to the
global hydroponic crop value through the forecast period

Tomatoes are the largest contributor to the global hydroponic crop value and will continue with this
dominance during the forecast period
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