iPower Inc. evaluated among top vertical farming and hydroponic stocks in U.S. market
iPower Inc. (NASDAQ:IPW) is being compared to other vertical farming and hydroponic stocks as part of a recent analysis. Vertical farming involves growing food in stacked layers, while hydroponics uses mineral solutions instead of soil. The U.S. hydroponics market reached $3.3 billion in 2024 and is projected to grow to $6.5 billion by 2033. The vertical farming market was valued at $6.8 billion in 2024, with expectations to rise to $36.8 billion by 2033. Key factors driving this growth include the demand for sustainable food production and advancements in agricultural technology. Government support for vertical farming is also increasing due to its potential to enhance food security and reduce environmental impact.