Research and Markets has announced the addition of the "Hydroponics Market by Crops (Tomato, Lettuce, Cucumber, Pepper, Marijuana & Others): A Global Insight Through 2015 to 2020 with Special focus on the U.S. & India Market" report to their offering.
The global hydroponics crop value is anticipated to grow from $18.8 billion in 2014 to $27.29 billion in 2020 at an estimated CAGR of 6.39 % from 2015 to 2020
The report presents a comprehensive outlook of the global hydroponics market, mapped across the key crop types and geographies. The report is the culmination of insightful opinions of industry leaders, both from the demand and supply side along with a thorough understanding of the entire ecosystem, incorporating key market drivers and challenges for the current and forecast years.
The penetration of hydroponics in farming techniques is being largely driven by the magnanimous difference in the yield quantity, when compared with soil-based farming methods. Moreover, after legalization of medicinal marijuana companies are jumping in to commercially produce the plant hydroponically, in the U.S. and other states of America. However, the paucity of awareness and absence of dedicated education of soil-less farming practices among the farming sector is one of the major pain points for the hydroponic market.