Skip to main content

Posts

Showing posts with the label Horticulture Lighting Market Trends

Horticulture Lighting Market To Register 18.1% CAGR during 2020–2030

Factors such as the increasing government support for energy-efficient lights, decriminalizing of marijuana for medical purposes in several countries, and soaring demand for agricultural products will fuel the horticulture lighting market at a CAGR of 18.1% during 2020–2030 (forecast period). The market stood at $3.2 billion in 2019, and it is expected to reach $20.3 billion by 2030. Moreover, the booming world population and increasing popularity of vertical farming will facilitate the market growth in the foreseeable future. The rising adoption of vertical farming will fuel the horticulture lighting industry growth in the coming years. The reduction of arable land is pushing farmers to make the optimum use of whatever space they get, to meet the growing needs of the booming population. Get Sample Copy of this Report @  https://www.psmarketresearch.com/market-analysis/horticulture-lighting-market/report-sample    Vertical farming encompasses the cultivation of crops ind...