Hydroponic Growth Nutrients Market Forecast 2024 to 2032
Hydroponic growth nutrients are specialized formulations of essential elements and compounds that are used to nourish and support the growth of plants in hydroponic systems. Hydroponics is a method of growing plants without soil, where plants receive their nutrients directly from water solutions. Since there is no soil to provide nutrients naturally, hydroponic systems rely on nutrient solutions to provide plants with all the essential elements they need for healthy growth.
The Hydroponic Growth Nutrients Market was valued at USD 314.42 Million in 2022 and is expected to register a CAGR of 4.16% by 2032.
The global population continues to grow, placing higher demands on food production. Hydroponics offer the potential to produce more food in a smaller footprint, making them an attractive option to enhance food security. This is a crucial factor expected to drive global market growth during the forecast period.
Market Segmentation (by Type)
•Organic Nutrients
•Synthetic Nutrients
Market Segmentation (by Application)
•Commercial
•Residential
Key Company
•Advanced Nutrients
•Scotts Miracle-Gro
•Humboldts Secret
•CANNA
•Emerald Harvest
•Plant Magic Plus
•FoxFarm
•Masterblend
•Growth Technology
•Nutrifield
•AmHydro