Aquaponics Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028
Aquaponics is a combination of hydroponics and orthodox aquaculture in a symbiotic environment. In this setting, the excretions from the aquatic-animals like prawns, crayfish, fish, and snails are acquired using a hydronic system which acts like a settling basin. These by-products then break down as nitrites and nitrates. They are further utilized by the plants as nutrients, thus, filtering the water for aquaculture making it a beneficial process for both the plants as well as the organisms. The growing consumer preference towards organic commodities consumption owing to the rise of health conscious consumers is also profiting the global aquaponics market.
The global aquaponics market features a fragmented landscape owing to the strong presence of several key players in the market. These leading companies in the global market are constantly focusing on enhancing the efficiency of products by offering classes, seminars, and aquaponics green house tours. These educational practices are working in favor of the development of the global market and are also being utilized as a free marketing tool. The existing market players are deploying various strategies and advanced techniques to divert potential traffic towards being market participants.
Some of the leading companies in the global aquaponics market include names such as Backyard Aquaponics, Aqua Allotments, Aquaponic Lynx LLC, ECF Farmsystems GMBH, Greenlife Aquaponics, My Aquaponics, Nelson and Pade, Inc, The Aquaponic Source, and Nutraponics Canada Corporation among others.
The shrinking of arable lands owing to rapid urbanization and industrialization is increasing the salability for aquaponics as it requires least aquatic space for husbandry of vegetables. As a result aquaponics is gaining popularity, which is fueling the advancement of the global aquaponics market. The fish waste acts as natural fertilizer for the vegetables that grow inside the water solvent. As a result, the organic produce acquired is free from any pesticides or fertilizers and even curbs the expenses for fertilizers. According to a USA based company known as Nelson and Pade, aquaponics produces eight times more food per acre in 1/6th of the space required by traditional agriculture. The lack of agricultural machinery, expensive equipment, and fertilizers for the whole process of aquaponics offer environment sustainability as well as economic efficiency. These characteristics are boosting the progress of the global aquaponics market.
The global aquaponics market has five main regions that provide the reader with the intricate details of the working dynamics of the regional landscape. These regions are North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. Of these, currently, the global aquaponics market is being dominated by the regional segment of North America. The growing uptake in the region is significantly contributing to the growth of the global aquaponics market. Factors such as the minimal aquatic space required for farming vegetables, herbs, fruits, and the produce being free of pesticides as well as herbicides, is propelling the further progress of the global aquaponics market.
Market Segmentation is as follows:
By Cultivation (2016-2026; US$ Mn)
By Applications (2016-2026; US$ Mn)
The study presents a granular assessment and quantitative evaluation of:
The region-wise assessment includes market dynamics in:
The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.
The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:
Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.
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