GITNUX MARKETDATA REPORT 2024

Hydroponics Industry Statistics [Fresh Research]

Statistic 1

"The global hydroponic system market is projected to reach USD 16.03 billion by 2028."

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Statistic 2

"Europe represents the largest market for the hydroponics industry, accounting for 41% of the global share."

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Statistic 3

"The hydroponics industry is anticipated to grow at a compound annual growth rate (CAGR) of 11.3% between 2022 and 2028."

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Statistic 4

"The United States hydroponic farming market size was valued at USD 993.6 million in 2020."

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Statistic 5

"The North American hydroponics market is expected to grow at a CAGR of 15.1% during 2020-2028."

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Statistic 6

"Approximately 90% less water is consumed in hydroponic systems when compared to traditional soil-based agriculture."

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Statistic 7

"As of 2019, there are over 9,000 commercial, soil-less greenhouse operations in North America."

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Statistic 8

"Hydroponic greenhouse vegetable production is growing at a rate of 5-10% annually worldwide."

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Statistic 9

"The hydroponic sector’s missing market value is estimated to be USD 3,919.13 million by 2027."

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Statistic 10

"By 2021, Asia Pacific’s share in the global hydroponic farming market is expected to reach 18%."

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Statistic 11

"Australian hydroponic farmers generate over AUD 1.1 billion in revenue annually."

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Statistic 12

"The global hydroponic lettuce market is anticipated to reach USD 6.53 billion by 2025."

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Statistic 13

"Tomato is the most popular crop in the commercial hydroponics industry, accounting for over 30% of hydroponic production."

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Statistic 14

"Hydroponic systems have a 20% higher yield per square foot as compared to traditional soil-based farming."

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Statistic 15

"By using hydroponics, a farmer can grow up to 4 times more plants per square meter in comparison to soil."

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Statistic 16

"Hydroponic farming enables farmers to reduce agriculture pollution by nearly 70%."

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Statistic 17

"The adoption of hydroponics in Africa has the potential to create millions of new jobs in the coming years."

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