Latin America: hydroponics market value 2018-2023

Published by P. Navarro Villa, Jul 25, 2023
The hydroponics market in Latin America is forecast to reach approximately 112.8 million U.S. dollars by 2023, up from 52.13 million dollars in 2018. A compound annual growth rate (CAGR) of 16.7 percent is expected for the period. In 2023, the vertical farming market in Latin America is forecast to add up to more than 1.3 billion dollars.

Hydroponics market value in Latin America from 2018 to 2023 (in million U.S. dollars)

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Sources

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Release date

February 2020

Region

LAC

Survey time period

2018

Supplementary notes

* Forecast.
An exponential development of the values was assumed to estimate the figures between 2018 and 2023, based on the CAGR provided by the source.

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