Over the projection period of 2021-2025, the hydroponics market is expected to grow at an annual rate of 8.5 percent.
Despite the COVID-19 dilemma, the global Hydroponics Market, which was anticipated to be worth US$25.2 billion in 2020, is expected to expand to US$36.3 billion by 2027, with a CAGR of 5.4 percent throughout the analysis period. Tomato, one of the report's segments, is expected to grow at a 6.3 percent compound annual growth rate (CAGR) and reach US$11.4 billion by the conclusion of the analysis period. Following an early assessment of the pandemic's commercial effects and the resulting economic crisis, the Lettuce & Leafy Vegetables segment's growth is revised to a revised 5.3 percent CAGR over the following seven years.
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