Aquaponics Market – Overview

Aquaponics means the combination of conventional fish culture along with the hydroponic cultivation of plants. Aquaponics farming helps in the development of plants and maintains their water nutrient efficiently; as such plants are developed naturally without the utilization of pesticides, soil, herbicides, or any form of synthetic manures. Besides this, harvests can be cultivated during any time of the year despite any climatic barriers. Similarly, the ability of aquaponics to serve as a sustainable solution for the development of food plants is likely to drive the global aquaponics market.

The global aquaponics market is projected to witness significant growth owing to its cost-efficient approach to crop production and cultivation. The use of aquaponics lowers the costs of fish waste filtration in comparison to its traditional counterpart methods. Moreover, such a technique also eliminates the need for using any inorganic fertilizer, ultimately lowering the cost of fertilizers. Additionally, aquaponics organic farming can be acquired any time of the year without using additional harmful chemicals, therefore augmenting its demand in the global market. Such factors are likely to help this market witness significant growth opportunities in the coming years.

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The report on the global aquaponics market is based on a qualitative and quantitative analysis of the market and its prime growth boosters. This includes drivers, restraints, challenges, and upcoming growth opportunities. It also discusses the impact of the COVID19 pandemic on this market and how should manufacturers ensure significant revenue generation during this pandemic. Other than this, the report discusses the table of divisions thoroughly and stresses the fundamental part and factors crediting to its turn of events. The overview of players and their basic responsibilities to the market as the latest innovations, developments, and others are also portrayed in the report. The report is available on the company website.

Aquaponics Market – Regional Analysis

Regionally, North America is holding dominance owing to presence of latest agricultural equipment and techniques. Although Asia Pacific and Europe will also witness notable growth in the coming years on account of the rising awareness and adoption of better farming and cultivating techniques.

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Aquaponics Market – Competitive Landscape

The global aquaponics market is moderately consolidated in nature on account of the presence of a few major players. Companies are indulging in collaborative agreements, and merger and acquisitions, to gain significant revenues during the forecast period. Some players are also investing in research and development activities to gain a competitive edge in the overall market competition.

Some of the key players of the global aquaponics market include:

• The Aquaponic Source
• Practical Aquaponics
• Pentair Aquatic Eco-System Inc. (PAES)
• Nelson Pade Aquaponics
• Aquaponics USA
• Others

Aquaponics Market – Innovations

• Nelson and Pade, Inc. declared the recognition of their company as CNG aquaponics certified in March 2016. The company is associated with CNG, which is a non-profit organization offering peer-review certification to farmers and beekeepers across the U.S. and four Canadian provinces.
• Ceres Greenhouse Solutions and Colorado Aquaponics announced their partnership in September 2016 for the launch of innovative energy-efficient, integrated aquaponic greenhouses.
• CO2Sense announced their investment in the GrowUp Urban Farms, vertical farm-based aquaponics in the U.K in April 2017. The key objective of this investment is to increase sales and advance the facilities of GrowUp Urban Farms.

Aquaponics Market – Drivers

Factors such as an increase in the global population, and the rising popularity of high-quality food are augmenting the growth of the market for aquaponics. There has been a notable rise in the demand for organic vegetables and fruits worldwide, thereby propelling the growth of the aquaponics industry. Factors such as growing urbanization, and off-season availability of fruits vegetables are also likely to influence the aquaponics market growth.

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Major advancements in farming techniques, coupled with lower storage and transport costs for food, and the rising awareness among people will further improve the aquaponics market growth rate in the forecast period. The rapidly growing population and the need to feed it, coupled with the reduction in the percentage of arable lands, and reduced use of water for cultivating crops will further augment the aquaponics market growth. Lower or minimal dependency on climatic conditions and the ability to produce crops throughout the year will further create multiple growth opportunities in the near future.

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