Overview:
The global Aquaponics Market Statistics hasbeen projected to grow past a valuation of USD 1.34 billion by 2024, with an
impressive 13.4% CAGR during the forecast period of 2019 to 2024. Market
Research Future (MRFR), in its report, dealt with several factors that can
boost the outcome for the market.
Growing demand for sustainable methods in theurban areas to counter environmental crisis and space crunch is expected to
boost the global Aquaponics Market. Governments are investing much to boost
this sector to profit from its cost-effective measures. Reduced technical
complexities, low water usage, and dual raising activity are expected to boost
the market outcome. Hike in demand for organic food can also boost the market
forward.
Segmentation:
The global Aquaponics Market report revealsvarious segments that have been studied by experts to bring out details on
factors and boost the strategic measures with figures and charts. These
segments are produce, components, equipment, and application. The impacts of
these segments during the strategy-developing procedures would be
immense.
The global market report on the aquaponicshas been segmented on the basis of product, as fish, fruits & vegetables,
and others. Both these sectors are getting good traction in the urban areas
where there is a huge space crunch.
By components, the global Aquaponics Market canbe segmented into settling sump tanks, basins, bio-filters, rearing tanks, and
others. The rearing tank is getting good traction from the market as it helps
in culturing products.
By equipment, the study on the global marketincludes a detailed discussion of grow lights, water heaters, pumps and valves,
fish purge systems, water quality testing, aeration systems, and others. Specific applications of these tools areexpected to impact the market on a holistic level.
By application, the report containing detailsof the global Aquaponics Market has been segmented into home food products,
commercial, and others. The commercial segment is expected to boost the global
market as it would fetch revenues and create better opportunities for the
market.
Regional Analysis:
North America has a provision in terms ofinfrastructural scope and investment to lead the global market. It is
incorporating all the modern farming technologies to boost the procedure. The
Asia Pacific region has the chance to grow with the fastest speed, and it will
benefit from the rising urbanization. However, COVI-19 impact can stall the
growth to some extent.
Competitive Landscape:
The global Aquaponics Market Statistics is eyeing on the strategic moves launched by companies like ColoradoAquaponics (US), Backyard Aquaponics Pty Ltd (Australia), Nelson & Pade
Inc. (US), Greenlife Aquaponics (US), Urban Farms AG (Switzerland), Red Ewald
Inc. (US), Ichthys Aquaponics (South Africa), Aponic Ltd (UK), Pentair Aquatic
Eco-Systems Inc. (US), My Aquaponics (South Africa), Hapa Farms (US), ECF
Farmsystems GmbH (Germany), NutraPonics Canada Corporation (Canada), Lucky
Clays Fresh (US), and Japan Aquaponics (Japan) for better growth opportunities.
Companies are building their portfolio through mergers, acquisitions, and
collaborative efforts, which MRFR has profiled to understand the market
movement. Other marketing strategies like branding, launching, and innovation
can help companies stay abreast and edge out peers. MRFR also included a
COVID-19 analysis to make it more reliable.
Industry News:
In May 2020, researchers from theLeibniz-Institute of Freshwater Ecology and Inland Fisheries (IGB) revealed in
a report that the aquaponics with dual options of farming vegetables and fishes
could be profitable if good agricultural practices are followed and proper
conditions are maintained. The process would be beneficial in terms of
environment and costing.
In May 2020, researchers at ShepherdUniversity’s Agricultural Innovation Center at Tabler Farm announced that they
had received a $6,000 grant from the Home Depot Foundation that would help them
in buying materials and building an aquaponics laboratory. The process will
enhance the Veterans to Agriculture Program.
NOTE: Our Teamof Researchers are Studying Covid19 and its Impact on Various Industry
Verticals and wherever required we will be considering Covid19 Footprints for
Better Analysis of Market and Industries. Cordially get in Touch for More
Details.
Contact us:
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