Leading Hydroponics Country Markets Databank
The Hydroponics market was valued at $1,846.2 Million in 2020, and is projected to reach $7,929.3 Million by 2029 growing at a CAGR of 17.64% from 2021 to 2029. Asia-Pacific is expected to be the highest contributor to this market, with $618.5 Million in 2020, and is anticipated to reach $2,956.0 Million by 2029, registering a CAGR of 19.05%. Asia-Pacific and Europe collectively expected to account for about 63.9% share of the Hydroponics market in 2020, with the former constituting around 33.5% share. Asia-Pacific and Europe are expected to witness significant growth rates at a CAGR of 19.05% and 16.96% respectively, during the forecast period. Presently, share of these two segments is estimated to be around 63.9% in the overall Hydroponics market in 2020, and is anticipated to reach 66.1% by 2029.
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