Global hydroponics market is characterized by the following drivers:
Hydroponic systems help conserve natural resources
Hydroponics is a method of growing plants without the use of soil through mineral nutrient solutions in a water solvent. In these systems, the roots of the plants are suspended in the water and nutrient solution, with or without support from growing media. Water is used exorbitantly while irrigating traditional field crops, and the reduction of water utilization has been one of the major challenges faced by a majority of the nations. Multiple precision and smart irrigation technologies have emerged in recent times to address this concern. Conventional farming is among the top reasons for reducing freshwater sources, which otherwise could have been solved using hydroponic farming.
An increase in demand for cannabis is projected to fuel demand for hydroponics
According to industry experts, over 70% of the area harvested for commercial cannabis production across the globe has adopted controlled environment farming technologies such as hydroponics and vertical farming. One possible solution for growing cannabis is applying hydroponic gardening techniques to grow fresh produce all year round. Since hydroponic cannabis production does not require soil, and the necessary nutrients are constantly supplied, high-quality cannabis fit for medicinal purposes can easily be produced.
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