Acta Scientific Agriculture (ASAG)(ISSN: 2581-365X)

Short Communication Volume 4 Issue 12

Covid 19 and the Impact on the Hydroponic Market

Aashray Mody*

Technical Student, Department of IT, NMIMS MPSTME, India

*Corresponding Author: Aashray Mody, Technical Student, Department of IT, NMIMS MPSTME, India.

Received: October 24, 2020; Published: November 07, 2020

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Introduction

  It is projected that the global COVID-19 pandemic effect on the hydroponics market will generate revenues of USD 17 billion with a CAGR of about 11.5% from 2020 to 2024 (forecast period). The study outlines the strengths, opportunities, threats and potential business risks and provides an extensive summary of the influence of COVID-19 on the global market situation. Hydroponics refers to an agricultural process, such as a mineral nutrient and a water solution, used to grow plants in a soil-free medium. In a particular climate, crops have historically been cultivated, but in hydroponics, they are cultivated in a controlled setting. Hydroponics uses two methods, a solid medium crop and a solution crop, to grow crops.

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References

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Citation

Citation: Aashray Mody. “Covid 19 and the Impact on the Hydroponic Market". Acta Scientific Agriculture 4.12 (2020): 14.



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