According to the new press release, "Hydroponic Vegetables Market, by Vegetable Type (Cucumber, Lettuce, Spinach, Peppers, Tomatoes), Distribution Channel (Modern Trade, Grocery Stores, Unorganized Small Stores, Whole Food and Specialty Stores, Bulk Suppliers and Distributors), Origin (Natural & Organic, Conventional), Farming Type (Indoor Farming, Outdoor Farming) – Global Revenue, Trends, Growth, Share, Size, and Forecast to 2022", published by Scalar Market Research, the global polishing market was valued at over US$ 12.79 billion in 2016, and it expected to surpass US$ 19.94 billion at a CAGR of 7.7% during the forecast period (2016-2022).
Hydroponic vegetables are one of the fastest growing sector in the field of agriculture and is expected to dominate the global food production. With rising global population and increasing urbanization, new technologies such as hydroponics and vertical farming can be the future solution. The market size of hydroponic vegetables market is estimated at US$ 12.79 billion in 2016. Conventional hydroponics is expected to remain the largest segment by origin, as many countries do not recognize hydroponics produce as organic. Europe dominates the global hydroponic vegetables market due to favourable government policies, well-established marketing system, and the willingness of growers towards modern technologies
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Key findings of the report:
The hydroponics vegetables market is divided into five major geographical segments which are North America, Europe, Asia-Pacific, Middle East & Africa and Latin America. Europe region holds the highest market share and is the largest revenue contributor of the hydroponics vegetables market. Next in line is the North America region which is witnessing a rapid growth of the market. With an increase trend of hydroponics vegetables, the Asia-Pacific region is also gaining momentum during the forecasted period. Latin America and Middle East & Africa region are also contributing a decent share of revenue towards the hydroponics vegetables market.
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