The global Aquaponics Market is segmented in By Components:-Rearing Tank, Settling Basin, Filtration unit, Consumables, Others; By Applications:-Commercial, Home Food Production, Others; By Production Type:-Plants, Fruits and Vegetables, Fish; By Equipment:-Fish Purge Systems, Aerators, Sensors, In-Line Water Heaters, Pumps and Valves, Grow Lights, Others and by regions. Aquaponics Market is anticipated to mask a significant CAGR during the forecast period i.e. 2018-2027.
Aquaponics is a conventional method of applying combination of growing aquatic animals and fishes along with growing plants in the absence of soil. Aquaponics is a three step process which includes waste production by aquatic organisms, waste conversion for plant use into fertilizers and purification of the water by plants for the fishes. Aquaponics market is estimated to expand rapidly due to increasing demand for pollution free technologies. Water scarcity in the present era is further expected to allure more countries towards choosing this technology.
The North-American market is expected to hold the highest shares in the aquaponics market due to high demand for organic products in the region with the region’s innate nature of adopting new technologies at their primitive stage. Asia-Pacific is anticipated to be a lucrative market due to rapid economic development and government initiatives adopting for greener technologies.
Growing Applications due to R&D activities
According to World Bank, there is deduction of 3% land in past 54 years which may lead to more urbanization and less land available for agriculture. Due to the decreasing arable land there is an increasing need to adopt alternative technologies that would be able to address the growing demands of the ever increasing global population. Aquaponics is an innovative technique that utilizes much lower quantity of water, fertilizer and other agricultural components to produce the higher quantity and quality of agricultural products as that from traditional agricultural practices.
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However, the cost constraints attached to the technology along with the limited number of crop varieties that can be grown using this technology are expected to behave as certain restraint factors for the aquaponics market.
The report titled “Global Aquaponics Market: Global Demand Analysis & Opportunity Outlook 2027” delivers detailed overview of the global aquaponics market in terms of market segmentation by components; by application; by product type; by equipment and by regions.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
This report also provides the existing competitive scenario of some of the key players of the global aquaponics market which includes company profiling of Pentair Plc., Aquaponic Solutions, Nelson and Pade Inc., Green Life Aquaponics, ECF Farmsystems GmbH, Colorado Aquaponics, Symbiotic Aquaponic., living green Company, Aquaculture Innovations, Urbagrow Aquaponics. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global aquaponics market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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