Market Size of Hydroponics Nutrients Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
CAGR | 8.80 % |
Fastest Growing Market | Asia Pacific |
Largest Market | North America |
Market Concentration | High |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Hydroponics Nutrients Market Analysis
Global hydroponics nutrients market was valued around USD 2.67 billion in 2018 and is expected to register a CAGR of 8.8% during the forecast period (2020-2025). Hydroponics Market is growing across the globe is majorly due to the shrinking arable land across the globe. North America is holding the largest share in the Hydroponics nutrients market druing the study period. Lack of arable land, climate change, increasing water scarcity, are the factors driving the hydroponics nutrient market along with the hydroponics market. General Hydrophonics, X Nutrients, Advanced Nutrients, Nutrifield, Watercircle Hydroponics Pte Ltd are some of the major players across the globe.