Leading Hydroponics Crop Type 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. Tomato segment is expected to be the highest contributor to this market, with $802.0 Million in 2020, and is anticipated to reach $3,210.4 Million by 2029, registering a CAGR of 16.72%. Pepper segment is anticipated to reach $277.7 Million by 2029 with the highest CAGR of 20.67%. Tomato and Herbs segments collectively expected to account for about 64.1% share of the Hydroponics market in 2020, with the former constituting around 43.4% share. Pepper and Herbs segments are expected to witness significant growth rates at a CAGR of 20.67% and 19.63% respectively, during the forecast period. Presently, share of these two segments is estimated to be around 23.5% in the overall Hydroponics market in 2020, and is anticipated to reach 27.6% by 2029.
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