Statistics and trends of development of technologies in the market of hydroponic agriculture

The purpose of this paper is to describe the state of the hydroponic farming market. Agricultural production of food products using soilless hydroponics technology allows for safe and productive farming. Globally, the hydroponics market is boosted by alarming forecasts of a steadily growing population and environmental issues. Today the global market for hydroponic technologies is estimated at $ 9.5 billion. In many countries, governmental and non-governmental organizations are investing heavily in R&D in order to obtain the most modern technologies that increase production and promote the diversity of possible crops using the hydroponic method. Europe market, Asia Pacific market, North America are the largest geographic segments in the global market. The growing demand for products opens up new horizons for the promising continuation of business development. Thus, this article reviewed the analysis of the current hydroponic farming market, as well as future trends that could take the market to a new level.