Germany Hydroponics Farming Market Future Prospects
The German hydroponics farming market will generate an estimated revenue of USD 1,366.7 million in 2024, and it is projected to grow at a CAGR of 15.7% from 2024 to 2030, reaching USD 3,270.3 million by 2030. The market is growing rapidly because the government in Germany is continuously promoting eco-friendly cultivation via research and various subsidies.
The use of hydroponic systems in agriculture eliminates the need for soil, offering several advantages, including increased yields, reduced water consumption, faster growth, consistent quality, and minimal environmental impact. Moreover, technical advancements, such as AI and the IoT, are helping in boosting the productivity and efficiency of hydroponic systems.
Infarms modular farming units occupy a 25-meter square ground footprint and require just six weeks to build. These units yield the crop equivalent of 10,000 square meters of traditional farmland. The Infarms approach enables rapid cultivation by utilizing IoT, big data, and cloud analytics.
Furthermore, as customers become more interested in growing fresh and organic fruit at home, the market for hydroponics systems is expanding quickly.