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
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.
Citation: Aashray Mody. “Covid 19 and the Impact on the Hydroponic Market". Acta Scientific Agriculture 4.12 (2020): 14.
Copyright: © 2020 Aashray Mody. This is an open-access article distributed under the terms of the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.