#Aquaponics Market Growth Forecast

[market-insider]

Growing Popularity of Aquaponics: Market Analysis and Forecast

The global aquaponics market size is expected to reach USD 2,294.48 million by 2030, registering a CAGR of 13.0% during the forecast period, according to a new report by Grand View Research, Inc. Aquaponics is the integration of two production systems, aquaculture, and hydroponics, into one hybrid system. Aquaculture is the production of aquatic plants and animals in a controlled environment. At the same time, hydroponics is the production of plants in soil-less cultures, such as a substrate of an aqueous medium with bare roots. Two types of agricultural produce are obtained from aquaculture, namely, fish and plants, which are obtained sustainably. Water efficiency, low wastage, high yield, improved production quality, and economical production are some of the advantages of aquaponics systems.

Gain deeper insights on the Heart Pump Device market and receive your free copy with TOC now @: Aquaponics Market Report

The aquaponics system does not require applying chemical fertilizers and pesticides, which means the fish, vegetables, and fruits produced are completely organic. The increasing demand for organic food across the globe, especially in developed European nations and the United States, is expected to be one of the key drivers in the growth of the aquaponics industry. Adopting aquaponics enables effective optimization of resources as it utilizes 95% lesser water and 90% lesser area than traditional farming techniques. With the ever-increasing demand for food and the limitation of the available water and land resources adoption of aquaponics systems can be highly beneficial.

The demand for aquaponics equipment and components is growing from backyard growers/hobbyists, given the self-sufficient nature of the system. Aquaponics systems are being increasingly deployed for humanitarian and food security interventions. Non-governmental organizations in several developing nations such as Barbados, Botswana, Brazil, Ethiopia, Guatemala, Ghana, Haiti, Jamaica, India, Mexico, Malaysia, Nigeria, the Philippines, Thailand, Panama, and Zimbabwe are installing aquaponics systems in urban and peri-urban areas as a part of urban food security and nutrition programs. The Food and Agriculture Organization (FAO) has piloted small-scale aquaponics systems in Gaza Strip and West Bank for food and nutrition security.

The COVID-19 pandemic significantly impacted the supply chain of the aquaponics industry. The supply of aquaponics equipment and component was disrupted due to the global supply chain disruptions and the closure of the borders. However, the pandemic has shifted the focus towards alternative farming techniques such as aquaponics. Urban farming has garnered attention, and aquaponics systems are now being installed in supermarkets for direct distribution, and urban warehouses are being converted to indoor farms to supply fresh produce to local markets.

[latestmarketresearchnews]

Vertical Farming Industry Competitive Landscape and Industry Analysis 2030

The global vertical farming market was valued at USD 6.92 billion in 2023, with a projected compound annual growth rate (CAGR) of 20.1% from 2023 to 2030. This rapid growth is attributed to the increasing adoption of environment-friendly methods for producing fruits and vegetables. As the global population continues to rise, urban agriculture has become essential to meet the demand for food in densely populated areas.

Vertical farming involves growing food in stacked layers, which may be set up in warehouses, skyscrapers, or even repurposed shipping containers. The popularity of organic foods, often considered healthier and more nutritious, has bolstered demand for vertically farmed produce due to its eco-friendly image. Consumer preferences for organic food also impact producers, policymakers, and suppliers, as they develop marketing strategies to cater to these health-conscious and environmentally aware consumers.

Gather more insights about the market drivers, restrains and growth of the Vertical Farming Market

Health concerns such as obesity and heart disease have led many people to seek healthier food options, increasing the demand for organic produce. Additionally, issues like groundwater depletion and changing climate conditions have encouraged traditional farmers to explore alternative farming methods. Vertical farming allows for year-round crop production, which significantly boosts productivity compared to traditional farming. Controlled environment agriculture (CEA) techniques enable these indoor farms to maintain ideal growing conditions through artificial environmental controls, including lighting, temperature, and fertigation (the application of fertilizers through irrigation).

The need for high-quality, reliable food sources is also driven by urbanization and population growth. The adoption of vertical farming techniques addresses this demand by enabling crops to be grown in urban spaces, such as multi-story buildings or warehouses. As the global population is expected to increase significantly by 2030, vertical farming offers a viable solution to meet food production needs.

Growing Mechanism Segmentation Insights:

Among the various growing mechanisms used in vertical farming, hydroponics held the largest market share in 2022 and is expected to remain the dominant method from 2023 to 2030. Hydroponics is popular due to its relatively low installation costs and simplicity in operation. This method involves growing plants without soil; instead, the plants’ roots are placed in a nutrient-rich mineral solution. Hydroponics minimizes the risk of soil-borne diseases, which makes it an efficient choice for many farmers. Additionally, hydroponic systems typically produce higher yields than soil-based growing systems, as they allow for precise control over nutrient levels. The plants’ roots are immersed in a solution that is periodically checked and adjusted to maintain the ideal nutrient balance.

Consumer awareness of pesticide effects has further boosted demand for hydroponic farming, as it allows for pesticide-free growth. Hydroponic systems also reduce water usage and space requirements, making it highly efficient and environmentally friendly.

The aquaponics segment is expected to gain a notable share of the market during the forecast period. Aquaponics combines hydroponics with aquaculture, creating a closed-loop system where fish waste provides nutrients for plants. This eliminates the need for artificial fertilizers and pesticides, making aquaponics an entirely natural and sustainable system. Plants like lettuce, kale, chives, peppers, mint, cucumbers, and peas are well-suited to aquaponic growth. Fish waste in the water enriches the nutrient levels, accelerating crop production while simultaneously supporting fish growth. This system is sustainable, eliminates the need for chemical fertilizers, and is particularly attractive for consumers and farmers focused on organic and eco-friendly production.

The aeroponics segment is also projected to experience significant growth over the coming years. Like hydroponics, aeroponics does not rely on soil; however, it does not even use a growing medium. Instead, plant roots are suspended in the air within a dark chamber and periodically misted with a nutrient-rich solution. This approach allows for maximum oxygenation of the roots, which promotes faster and healthier plant growth. Aeroponics is considered one of the most efficient growing methods, as it allows plants to grow quickly and with minimal water usage. The lack of soil and medium also reduces contamination risks, making aeroponics an ideal option for producing high-quality produce with minimal resource usage.

Each of these vertical farming methods hydroponics, aquaponics, and aeroponics offers unique advantages, and the continued growth of these segments reflects the demand for sustainable, efficient, and pesticide-free food production systems.

Order a free sample PDF of the Vertical Farming Market Intelligence Study, published by Grand View Research.

[researchreportinsight]

Vertical Farming Market Growth Prospect, Distributor Analysis & Applications Insights 2030

The global vertical farming market was valued at USD 6.92 billion in 2023, with a projected compound annual growth rate (CAGR) of 20.1% from 2023 to 2030. This rapid growth is attributed to the increasing adoption of environment-friendly methods for producing fruits and vegetables. As the global population continues to rise, urban agriculture has become essential to meet the demand for food in densely populated areas.

Vertical farming involves growing food in stacked layers, which may be set up in warehouses, skyscrapers, or even repurposed shipping containers. The popularity of organic foods, often considered healthier and more nutritious, has bolstered demand for vertically farmed produce due to its eco-friendly image. Consumer preferences for organic food also impact producers, policymakers, and suppliers, as they develop marketing strategies to cater to these health-conscious and environmentally aware consumers.

Gather more insights about the market drivers, restrains and growth of the Vertical Farming Market

Health concerns such as obesity and heart disease have led many people to seek healthier food options, increasing the demand for organic produce. Additionally, issues like groundwater depletion and changing climate conditions have encouraged traditional farmers to explore alternative farming methods. Vertical farming allows for year-round crop production, which significantly boosts productivity compared to traditional farming. Controlled environment agriculture (CEA) techniques enable these indoor farms to maintain ideal growing conditions through artificial environmental controls, including lighting, temperature, and fertigation (the application of fertilizers through irrigation).

The need for high-quality, reliable food sources is also driven by urbanization and population growth. The adoption of vertical farming techniques addresses this demand by enabling crops to be grown in urban spaces, such as multi-story buildings or warehouses. As the global population is expected to increase significantly by 2030, vertical farming offers a viable solution to meet food production needs.

Growing Mechanism Segmentation Insights:

Among the various growing mechanisms used in vertical farming, hydroponics held the largest market share in 2022 and is expected to remain the dominant method from 2023 to 2030. Hydroponics is popular due to its relatively low installation costs and simplicity in operation. This method involves growing plants without soil; instead, the plants’ roots are placed in a nutrient-rich mineral solution. Hydroponics minimizes the risk of soil-borne diseases, which makes it an efficient choice for many farmers. Additionally, hydroponic systems typically produce higher yields than soil-based growing systems, as they allow for precise control over nutrient levels. The plants’ roots are immersed in a solution that is periodically checked and adjusted to maintain the ideal nutrient balance.

Consumer awareness of pesticide effects has further boosted demand for hydroponic farming, as it allows for pesticide-free growth. Hydroponic systems also reduce water usage and space requirements, making it highly efficient and environmentally friendly.

The aquaponics segment is expected to gain a notable share of the market during the forecast period. Aquaponics combines hydroponics with aquaculture, creating a closed-loop system where fish waste provides nutrients for plants. This eliminates the need for artificial fertilizers and pesticides, making aquaponics an entirely natural and sustainable system. Plants like lettuce, kale, chives, peppers, mint, cucumbers, and peas are well-suited to aquaponic growth. Fish waste in the water enriches the nutrient levels, accelerating crop production while simultaneously supporting fish growth. This system is sustainable, eliminates the need for chemical fertilizers, and is particularly attractive for consumers and farmers focused on organic and eco-friendly production.

The aeroponics segment is also projected to experience significant growth over the coming years. Like hydroponics, aeroponics does not rely on soil; however, it does not even use a growing medium. Instead, plant roots are suspended in the air within a dark chamber and periodically misted with a nutrient-rich solution. This approach allows for maximum oxygenation of the roots, which promotes faster and healthier plant growth. Aeroponics is considered one of the most efficient growing methods, as it allows plants to grow quickly and with minimal water usage. The lack of soil and medium also reduces contamination risks, making aeroponics an ideal option for producing high-quality produce with minimal resource usage.

Each of these vertical farming methods hydroponics, aquaponics, and aeroponics offers unique advantages, and the continued growth of these segments reflects the demand for sustainable, efficient, and pesticide-free food production systems.

Order a free sample PDF of the Vertical Farming Market Intelligence Study, published by Grand View Research.

[24researchnews]

Aquaponics Market Sees Rising Demand as Sustainable Farming Gains Global Traction

The Aquaponics Market2024 research report gives emerging industry data, global segments and regional outlook. This report covers up all details such as size, share, value, growth, restraints, and opportunities for the year 2024 to 2032. The report generated using various analysis tools like porter’s five forces model, market attractiveness and value chain. The report gives comprehensive review of the global market helping to club revenue generation and profitable business to transform client’s success.

The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the aquaponics market includes Backyard Aquaponics Pty Ltd., Colorado Aquaponics, ECF Farmsystems GmbH, GreenlifeAquaponics, My Aquaponics, Nelson &Pade Inc. and Urban Farms AG. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.

Get more information on "Global Aquaponics Market Research Report" by requesting FREE Sample Copy at: https://www.valuemarketresearch.com/contact/aquaponics-market/download-sample

Market Dynamics

The market of aquaponics is growing mainly due to technological advancement. The major driver of aquaponics market is that it helps in enhancing the ultimate productivity with minimum inputs than traditional agriculture and aquaculture practices. Aquaponics is an advantageous method as it helps in improving ultimate productivity in a cost-effective manner. Moreover, this system helps in the production of herbs with the high market, vegetables, and leafy greens, as well as fish, crayfish, worms, mushrooms, and many other crops. Furthermore, it allows agriculture to take important innovative steps toward environmental sustainability. On the other hand, expensive initial startup costs compared with soil vegetable production or hydroponics is likely to act as a restraint.

This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of aquaponics.

Browse Global Aquaponics Market Research Report with detailed TOC at https://www.valuemarketresearch.com/report/aquaponics-market

Market Segmentation

The broad aquaponics market has been sub-grouped into production type, equipment, component, and applications. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.

By Growing System

Media Filled Beds (Constant Flow, Ebb and Flow (Flood and Drain))

Nutrient Film Technique (NFT)

Raft or Deep Water Culture (DWC)

By Facility Type

Poly or Glass Greenhouses

Indoor Vertical Farms

Other Facility Types

By Fish Type

Tilapia

Catfish

Carp

Trout

Ornamental Fish

Other Fish Types

Regional Analysis

Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for aquaponics in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.

Purchase complete Global Aquaponics Market Research Report at: https://www.valuemarketresearch.com/contact/aquaponics-market/buy-now

About Us:

Value Market Research was established with the vision to ease decision making and empower the strategists by providing them with holistic market information.

We facilitate clients with syndicate research reports and customized research reports on 25+ industries with global as well as regional coverage.

Contact:

Value Market Research

UG-203, Gera Imperium Rise,

Wipro Circle Metro Station, Hinjawadi, Pune - 411057

Maharashtra, INDIA.

Tel: +1-888-294-1147

Email: sales@valuemarketresearch.com

Website: https://www.valuemarketresearch.com

[insightreportsunivdatos]

Agricultural Micronutrients Market Size, Share, Growth, Trend and Forecast to 2032

According to the Univdatos Market Insights analysis increasing awareness of plant nutrition and a growing focus on the development of high crop-type yields across the globe will drive the scenario of the agricultural micronutrient market. As per their “Agricultural Micronutrients Market” report, the global market was valued at ~USD 5.35 billion in 2023, growing at a CAGR of about 7.4% during the forecast period from 2024-2032.

The market for agricultural micronutrients in North America is continuously advancing due to relatively enhanced agricultural practices, consumers’ demands for quality food, and emphasis on sustainable farming. This is especially the case as farmers continue to aim at producing crops that give high yields as well as being healthy. A few of the recent advancements in the North American market are:

Access sample report (including graphs, charts, and figures): https://univdatos.com/get-a-free-sample-form-php/?product_id=66247

1.      TECHNOLOGICAL ADVANCEMENTS

Formulation Innovations: There exists better stability and availability of nutrients, with the help of newer formulations like the chelated and organic micronutrients. These improve the efficiency of micronutrient application hence making them more attractive to farmers.

Precision Agriculture: The use of precision farming technologies makes it possible to achieve an optimum use of micronutrients through precision application. This helps farmers to apply proper nutrients to crops at the proper time hence reducing wastage and making the crops perform better.

2.      SUSTAINABILITY AND REGULATORY SUPPORT

Sustainable Practices: The market is currently experiencing growth in micronutrient products resulting from a rise in environmentally sustainable agriculture. This entails the organic and natural micronutrient compounds as well as naturally based elements.

Government Initiatives: Availability of regulatory support and government-sponsored programs supporting soil health and sustainable agriculture also constitute the market. The promotion of the adoption of efficient farming practices that support the use of micronutrients enhances incentives for agriculture.

3.      FUTURE OUTLOOK

The North American micronutrient market in agriculture is set to develop further due to constant novelties, improvement of the productivity of farming, and environmentally friendly policies. With more farmers using newer technologies and getting informed regarding micronutrient use, the industry is expected to grow even more, thereby boosting food security and the ability to manage the environment.

Related Reports-

Cultured Wheat Market: Current Analysis and Forecast (2024-2032)

MENA Bio Fertilizer Market: Current Analysis and Forecast (2023-2030)

MENA Aquaponic and Hydroponic Farming Market: Current Analysis and Forecast (2023-2030)

MENA Aquaponic and Hydroponic Farming Market: Current Analysis and Forecast (2023-2030)

Upright and Steady Climb: The agricultural micronutrient market in North America thrives due to the abovementioned factors. These factors collectively contribute to the region's enduring pair-up with agricultural micronutrients and its sustained growth in the market. Agricultural micronutrients have already made their mark in the market. As this dynamic market continues to develop and grow, it provides hope for the global effort to create innovative agricultural micronutrients. The agriculture research domain is constantly innovating and redefining its innovative system from the ground up.

Click here to view the Report Description & TOC- https://univdatos.com/report/agricultural-micronutrients-market/

Conclusion:

In conclusion, the agricultural micronutrients market in North America has recorded a rising trend through the years due to technological enhancements, growing concern in nutrient supplementation, as well as environmental conservation. The incorporation of a precision agriculture system and new formulations for agricultural chemicals places the region in a line to enjoy constant growth for the farm producers and the environment. 

[creativeera]

Hydroponics Market Poised for Rapid Growth Revolutionizing Agriculture with Sustainable, Soilless Cultivation

Hydroponics is the process of growing plants in a soilless environment with mineral nutrient solutions instead of soil. Hydroponics offers several advantages over traditional soil-based agriculture such as higher yield per unit area, minimal environmental effect, and independence from weather and pests. Hydroponic systems provide the plants with essential nutrients and water directly to their roots through dissolvable fertilizers. It makes use of less water as there is no run-off and drainage and produces quicker growth of plants.

The Hydroponics Market is estimated to be valued at US$ 10.6 billion in 2028 and is expected to exhibit a CAGR of 12% over the forecast period 2028. Key Takeaways Key players operating in the Hydroponics Market are Argus Control Systems Ltd., BrightFarms Inc., Circle Fresh Farms, Horti Tech, Hydrodynamics International, and Koninklijke Philips NV. Hydroponics facilitates higher yields and more frequent harvests per year compared to traditional farming. It produces yields 4-6 times greater than soil-based agriculture while using 95% less water. Key players are expanding their production facilities globally to meet the growing demand for contamination-free vegetables and fruits. The growing Hydroponics Market Growth for organic foods and rising environmental concerns over conventional farming practices are fueling the adoption of hydroponics worldwide. Furthermore, scarcity of arable land and shortage of freshwater resources are encouraging farmers to opt for sustainable soilless cultivation techniques. Countries in Asia Pacific and Middle East & Africa regions are increasingly implementing hydroponic farming systems to ensure food security. Market Key Trends One of the major trends in the hydroponics market is the increasing investment in indoor vertical farming projects. Indoor vertical farms maximize space utilization and enable year-round production regardless of weather conditions. Led by artificial intelligence (AI) and Internet of Things (IoT), they facilitate real-time monitoring of hydroponic parameters for optimum plant growth. With several notable projects underway, vertical farming is expected to revolutionize urban agriculture.

Porter's Analysis Threat of new entrants: Low startup costs and technical know-how are relatively low barriers for new entrants in hydroponics market. Bargaining power of buyers: Large retail buyers and online platforms have significant bargaining power against hydroponics suppliers. Bargaining power of suppliers: Specialized equipment manufacturers and distributors of hydroponic nutrients have some bargaining power over cultivators. Threat of new substitutes: Technologies like aeroponics and aquaponics pose threat of substitution to hydroponics systems in long run. Competitive rivalry: Many small and medium scale cultivators compete intensely to supply vegetables through grocers as well as online platforms. Geographical Regions North America accounts for the largest share in global hydroponics market, driven by early adoption and higher consumer spend in the US and Canada. Countries like Netherlands, Germany, Spain are the major markets in Europe due to emphasis on sustainable agricultural practices. Major share of hydroponics produce in Asia Pacific is concentrated in China, Japan and Australia owing to land and water constraints in these densely populated nations. The fastest growing regional market for hydroponics is Latin America led by Brazil, Chile and Colombia. This growth can be attributed to rising area under greenhouse cultivation supported by government initiatives and increasing exports of high value crops. Countries like Kenya and Morocco in Africa are also emerging as lucrative markets for hydroponics with growing commercial greenhouse industry.

Get more insights on Hydroponics Market

Discover the Report for More Insights, Tailored to Your Language

French

German

Italian

Russian

Japanese

Chinese

Korean

Portuguese

About Author:

Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. (https://www.linkedin.com/in/ravina-pandya-1a3984191)

[omshinde5145]

Urban Farming Market Share, Key Market Players, Trends & Forecast, 2024–2030

The Urban Farming Market was valued at USD 1.9 billion in 2023-e and will surpass USD 2.7 billion by 2030; growing at a CAGR of 4.2% during 2024 - 2030. As the global population continues to urbanize, the urban farming market is growing rapidly, presenting new opportunities and challenges. This blog explores the factors driving the rise of urban farming, the benefits it offers, and the innovative trends shaping its future.

The report focuses on estimating the current market potential in terms of the total addressable market for all the segments, sub-segments, and regions. In the process, all the high-growth and upcoming technologies were identified and analyzed to measure their impact on the current and future market. The report also identifies the key stakeholders, their business gaps, and their purchasing behavior. 

Get a Sample Report: https://intentmarketresearch.com/request-sample/urban-farming-market-3515.html

The Driving Forces Behind Urban Farming

Sustainability and Environmental Concerns: With increasing awareness of climate change and environmental degradation, urban farming offers a way to reduce the carbon footprint associated with food transportation. Locally grown produce means fewer food miles and lower emissions.

Food Security: Urban areas, especially those with limited access to fresh produce, benefit from urban farming by ensuring a steady supply of nutritious food. This is particularly vital in food deserts where grocery stores are scarce.

Technological Advancements: Innovations in agriculture technology, such as hydroponics, aquaponics, and vertical farming, have made it feasible to grow crops in urban environments. These methods maximize space and resources, making urban farming more efficient and productive.

Economic Opportunities: Urban farming creates jobs and stimulates local economies. From farmers and gardeners to tech developers and marketers, the sector provides diverse employment opportunities.

Community Engagement: Urban farms often serve as community hubs, bringing people together to learn about sustainable practices, share resources, and foster a sense of belonging.

Benefits of Urban Farming

Improved Food Quality and Nutrition: Urban farms typically produce fresher and more nutrient-dense food compared to what is found in supermarkets. This is due to shorter supply chains and reduced need for preservatives.

Environmental Benefits: Urban farming can transform unused or underutilized spaces into green areas, improving air quality, reducing urban heat islands, and promoting biodiversity.

Educational Opportunities: Schools and community organizations use urban farms as living classrooms to teach children and adults about agriculture, nutrition, and environmental stewardship.

Mental and Physical Health: Gardening and farming activities provide physical exercise and mental health benefits, such as reduced stress and improved well-being.

Trends Shaping the Future of Urban Farming

Vertical Farming: By growing crops in stacked layers, vertical farming maximizes space, allowing for higher yields in smaller areas. This trend is particularly significant in densely populated cities with limited land availability.

Smart Farming Technologies: The integration of IoT (Internet of Things) devices, AI (Artificial Intelligence), and data analytics is revolutionizing urban farming. Smart sensors monitor soil moisture, nutrient levels, and plant health, optimizing growing conditions and reducing waste.

Community-Supported Agriculture (CSA): CSAs are gaining popularity as a model where consumers subscribe to receive regular shares of produce from local farms. This not only provides farmers with a stable income but also strengthens the connection between urban dwellers and their food sources.

Rooftop and Indoor Gardens: Utilizing rooftops and indoor spaces for farming is becoming more common. These gardens can be found on residential buildings, offices, and even restaurants, contributing to urban greening and sustainability.

Public Policy and Incentives: Governments and municipalities are increasingly recognizing the value of urban farming. Policies and incentives, such as grants, tax breaks, and zoning regulations, are being implemented to support and encourage the practice.

Get an insights of Customization: https://intentmarketresearch.com/ask-for-customization/urban-farming-market-3515.html

Challenges and Considerations

While urban farming offers numerous benefits, it also faces challenges. These include limited space, high initial setup costs, regulatory hurdles, and the need for specialized knowledge and skills. Addressing these challenges requires collaboration between policymakers, businesses, and communities to create supportive environments for urban farming initiatives.

Conclusion

The Urban Farming Market is poised for significant growth as cities strive to become more sustainable and self-sufficient. By leveraging technological advancements, fostering community engagement, and implementing supportive policies, urban farming can play a crucial role in shaping the future of urban living. As more people embrace this movement, the potential to transform our cities into greener, healthier, and more resilient spaces becomes increasingly attainable.

[ashwetu]

 Meticulous Research® Projects Vertical Farming Market to Reach $43.88 Billion by 2031

Meticulous Research®, a leading global market research company, has released an in-depth report titled "Vertical Farming Market Size, Share, Forecast, & Trends Analysis by Component, Growth Mechanism, Structure, Crop Type - Global Forecast to 2031." The study highlights the vertical farming market's robust growth trajectory, projecting it to reach $43.88 billion by 2031, with a compound annual growth rate (CAGR) of 22.6% from 2024 to 2031.

The market's growth is driven by several factors including the decreasing availability of arable land, the necessity to enhance crop yields, population growth, urbanization, the demand for pesticide-free produce, water scarcity, and shifting climatic conditions. Conversely, significant capital investment and the requirement for specialized knowledge to manage these farms present notable challenges.

Download Sample Report Here: https://www.meticulousresearch.com/download-sample-report/cp_id=5948

Opportunities and Trends:

Technological Advancements: Innovations in vertical farming technology and urban farming practices are set to create substantial growth opportunities.Sustainability: There's a growing emphasis on sustainable farming practices and reducing agriculture's environmental footprint, which is gaining traction in the market.

Market Segmentation:

Component:

Hardware (54.7% market share in 2024): Includes lighting, irrigation components, climate controllers, sensors, and building materials. The segment's dominance is attributed to rising urban farming and the increasing use of advanced technology.Software and Services

Growth Mechanism:

Hydroponics (61.1% market share in 2024): Preferred for its benefits like low water usage and the ability to produce high-quality crops year-round.Aeroponics and Aquaponics

Structure:

Shipping Container-based Vertical Farms (56.0% market share in 2024): Favored for their flexibility and ease of implementation in diverse environments.

Crop Type:

Tomato (16.6% market share in 2024): Vertical farming is extensively used in tomato production due to high yields and natural pest suppression.Quick buy : https://www.meticulousresearch.com/Checkout/47888793

Geographical Insights:

North America (29.5% market share in 2024): Leading the market with significant investments in vertical farming and advanced agricultural technologies. The region's market is expected to reach $3.10 billion in 2024.Europe and Asia-Pacific also exhibit substantial market growth driven by similar technological and environmental factors.

Key Players: The report identifies several prominent players in the vertical farming market, including:

Signify Holding B.V. (Netherlands)Heliospectra AB (Sweden)AmHydro (U.S.)Freight Farms, Inc. (U.S.)Intelligent Growth Solutions Limited (U.K.)Everlight Electronics Co., Ltd. (China)ams-OSRAM AG (Austria)Vertical Farm Systems Pty Ltd (Australia)Urban Crop Solutions BV (Belgium)Vertical Future (U.K.)4D Bios Inc. (U.S.)Argus Control System Ltd. (Canada)

The comprehensive report provides a detailed analysis of the vertical farming market across various segments and geographies, offering valuable insights for stakeholders and industry participants.

For further details and to access the full report, please download the sample report here.

Contact Us: Meticulous Research® Email: sales@meticulousresearch.com  Contact Sales: +1-646-781-8004 Connect with us on LinkedIn

[univdatosmarket]

The MENA Aquaponic & Hydroponic Farming market was valued at USD 254.56 Million in 2022 and is expected to grow at a strong CAGR of around 15.78% during the forecast period (2023-2030) owing to the rising global demand for food and a rapid increase in urbanization coupled with the growing adoption of aquaponic & hydroponic farming in commercial, education, and other sectors.

[spookysaladchaos]

Aquaponics & Hydroponics Systems & Equipment, Global Market Size Forecast, Top 10 Players Rank and Market Share

Aquaponics & Hydroponics Systems & Equipment Market Summary

According to the new market research report "Global Aquaponics & Hydroponics Systems & Equipment Market Report 2023-2029", published by QYResearch, the global Aquaponics & Hydroponics Systems & Equipment market size is projected to grow from USD 3.37 billion in 2023 to USD6.45 billion by 2029, at a CAGR of 11.41% during the forecast period.、

Figure.   Global Aquaponics & Hydroponics Systems & Equipment Market Size (US$ Million), 2018-2029

Above data is based on report from QYResearch: Global Aquaponics & Hydroponics Systems & Equipment Market Report 2023-2029 (published in 2023). If you need the latest data, plaese contact QYResearch.

Figure.   Global Aquaponics & Hydroponics Systems & Equipment Top xx Players Ranking and Market Share (Ranking is based on the revenue of 2022, continually updated)

Above data is based on report from QYResearch: Global Aquaponics & Hydroponics Systems & Equipment Market Report 2023-2029 (published in 2023). If you need the latest data, plaese contact QYResearch.

According to QYResearch Top Players Research Center, the global key manufacturers of @@@@ include Hydrofarm, Scotts Miracle-Gro, PentairAES, Viscon Hydroponics, LYINE, Cropking, AmHydro, Danner Manufacturing, Inc., New Growing System, M Hydronic, etc. In 2022, the global top 10 players had a share approximately 13.0% in terms of revenue.

Figure.   Aquaponics & Hydroponics Systems & Equipment, Global Market Size, Split by Product Segment

Based on or includes research from QYResearch: Global Aquaponics & Hydroponics Systems & Equipment Market Report 2023-2029.

In terms of product type, HVAC is the largest segment, hold a share of 28%.

Figure.   Aquaponics & Hydroponics Systems & Equipment, Global Market Size, Split by Application Segment

Based on or includes research from QYResearch: Global Aquaponics & Hydroponics Systems & EquipmentMarket Report 2023-2029.

In terms of product application, commercial is the largest application, hold a share of 11.41%.

Figure.   Aquaponics & Hydroponics Systems & Equipment, Global Market Size, Split by Region (Production)

Based on or includes research from QYResearch: Global Aquaponics & Hydroponics Systems & Equipment Market Report 2023-2029.

Figure.   Aquaponics & Hydroponics Systems & Equipment, Global Market Size, Split by Region

Based on or includes research from QYResearch: Global Aquaponics & Hydroponics Systems & Equipment Market Report 2023-2029.

Market Drivers:

Efficient resource utilization:

Both aquaponics and hydroponic systems are known for their efficient use of resources. Hydroponics does not require soil, and aquaponics combines fish farming with plant cultivation, creating a symbiotic relationship. These methods use less water than traditional farming.

Annual crop production:

Aquaponics and hydroponics enable year-round crop production, regardless of weather conditions. This is particularly beneficial in areas with extreme climates or limited arable land.

Space efficiency:

These systems are space-saving and can be implemented in urban areas where land is scarce. Vertical farming using hydroponics is a classic example, allowing vertical stacking of crops.

Higher crop yields:

The controlled environment in aquaponics and hydroponic systems provides optimal conditions for plant growth. This results in higher crop yields compared to traditional farming methods.

Reduce environmental impact:

Reducing soil use, limiting water consumption, and eliminating chemical fertilizers in hydroponics and aquaponics can help reduce environmental impact. These methods are generally considered more sustainable.

Restraint:

High Initial Costs:

Implementing aquaponics and hydroponics systems often involves a higher initial investment compared to traditional farming methods. The cost of setting up infrastructure, purchasing equipment, and implementing technology can be a barrier for some farmers.

Technical Expertise Required:

Operating and managing aquaponics and hydroponics systems require a certain level of technical expertise. Farmers need knowledge in areas such as water chemistry, nutrient management, and system maintenance. The learning curve may be a challenge for those unfamiliar with these technologies.

Energy Consumption:

Hydroponic and aquaponic systems may require significant energy inputs, particularly in terms of lighting and climate control in indoor facilities. The energy consumption associated with maintaining optimal growing conditions can impact the overall sustainability of these systems.

Dependency on Electricity:

Many hydroponics systems, especially those operating in controlled indoor environments, are dependent on a stable and uninterrupted power supply. Power outages or disruptions can have a detrimental impact on the crops and the overall system.

Opportunity:

Increasing Consumer Demand for Organic and Locally Grown Produce:

There is a growing consumer preference for organic and locally sourced produce. Aquaponics and hydroponics systems allow for the production of fresh, pesticide-free, and locally grown fruits and vegetables, aligning with consumer demands for healthier and sustainable options.

Technological Advancements and Innovation:

Ongoing advancements in technology, automation, and data analytics present opportunities to enhance the efficiency and productivity of aquaponics and hydroponics systems. Smart farming solutions, precision agriculture, and the integration of IoT (Internet of Things) can contribute to system optimization.

Vertical Farming and Urban Agriculture:

The trend of vertical farming and urban agriculture is on the rise. Aquaponics and hydroponics are well-suited for these applications, allowing cultivation in limited urban spaces and providing a means to meet the demand for fresh produce in urban areas.

Education and Training Programs:

The increasing interest in sustainable agriculture has created opportunities for education and training programs focused on aquaponics and hydroponics. Institutions and organizations can offer courses, workshops, and certifications to empower farmers with the necessary knowledge and skills.

Government Support and Incentives:

Governments recognizing the environmental benefits and efficiency of aquaponics and hydroponics may provide incentives, subsidies, or support programs to encourage adoption. Such support can facilitate the expansion of these systems on a larger scale.

About The Authors

Wupan-Lead Author

E-mail：wupan@qyresearch.com

About QYResearch

QYResearch founded in California, USA in 2007.It is a leading global market research and consulting company. With over 16 years’ experience and professional research team in various cities over the world QY Research focuses on management consulting, database and seminar services, IPO consulting, industry chain research and customized research to help our clients in providing non-linear revenue model and make them successful. We are globally recognized for our expansive portfolio of services, good corporate citizenship, and our strong commitment to sustainability. Up to now, we have cooperated with more than 60,000 clients across five continents. Let’s work closely with you and build a bold and better future.

QYResearch is a world-renowned large-scale consulting company. The industry covers various high-tech industry chain market segments, spanning the semiconductor industry chain (semiconductor equipment and parts, semiconductor materials, ICs, Foundry, packaging and testing, discrete devices, sensors, optoelectronic devices), photovoltaic industry chain (equipment, cells, modules, auxiliary material brackets, inverters, power station terminals), new energy automobile industry chain (batteries and materials, auto parts, batteries, motors, electronic control, automotive semiconductors, etc.), communication industry chain (communication system equipment, terminal equipment, electronic components, RF front-end, optical modules, 4G/5G/6G, broadband, IoT, digital economy, AI), advanced materials industry Chain (metal materials, polymer materials, ceramic materials, nano materials, etc.), machinery manufacturing industry chain (CNC machine tools, construction machinery, electrical machinery, 3C automation, industrial robots, lasers, industrial control, drones), food, beverages and pharmaceuticals, medical equipment, agriculture, etc.

[vipinmishra]

Microgreens Market to Grow with a CAGR of 8.56% through 2029

Rising popularity of plant-based diets and technological advancements in farming techniques & equipment is expected to drive the Global Microgreens Market growth in the forecast period, 2025-2029.

According to TechSci Research report, “Microgreens Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2029”, the Global Microgreens Market stood at USD 2.08 Billion in 2023 and is anticipated to grow with a CAGR of 8.56% in the forecast period, 2025-2029. The global microgreens market is driven by several key factors. The rising awareness about the health benefits associated with microgreens, including their high nutrient content, has led to increased consumer demand. The growth of the vegan and vegetarian population, particularly in developed nations, has spurred the demand for plant-based, nutrient-dense food options like microgreens. Advancements in farming techniques, such as hydroponics and aquaponics, have made it possible to grow microgreens year-round, thereby ensuring constant supply.

The market is also propelled by the increasing popularity of gourmet cuisine, where microgreens are often used for garnishing and adding unique flavors. The global microgreens market is currently experiencing an unprecedented surge in demand, driven by a growing consumer awareness of the numerous health benefits associated with these vibrant miniature vegetables. Now more than ever, people are recognizing the concentrated levels of essential vitamins and nutrients that microgreens offer, making them an invaluable addition to daily diets. These nutritious greens are not only a potent source of antioxidants but also contribute to overall well-being.

Browse over XX market data Figures spread through XX Pages and an in-depth TOC on "Global Microgreens Market” https://www.techsciresearch.com/report/microgreens-market/12874.html

The surge in demand for microgreens can be attributed to several factors. The increasing popularity of veganism has led many individuals to seek out plant-based food options that are both nutritious and delicious. Microgreens perfectly fit the bill, providing a rich array of flavors and textures that satisfy even the most discerning palates. Additionally, there has been a general shift towards sustainable farming practices, with consumers actively seeking environmentally friendly and ethically produced food choices. Microgreens, which can be easily grown using these methods, have become a favorite among those striving to make sustainable food choices. 

Furthermore, advancements in cultivation techniques and innovative packaging methods are poised to play a pivotal role in driving the future growth of the microgreens market. These developments ensure that these nutritious and visually appealing greens continue to captivate the taste buds and nourish the health-conscious population worldwide. With ongoing research and development, the microgreens market is expected to expand even further, offering an ever-growing array of varieties and flavors to satisfy the evolving preferences of consumers seeking wholesome and sustainable food choices.

Moreover, the versatility of microgreens makes them an ideal ingredient in various culinary creations. Chefs and home cooks alike can experiment with different combinations and presentations, adding a burst of freshness and vibrant colors to their dishes. Whether used as a garnish, a salad ingredient, or a main component, microgreens elevate the visual appeal and nutritional value of meals. Not only are microgreens packed with flavor and nutrients, but they also have a shorter growth cycle compared to their mature counterparts. This means that they can be cultivated and harvested year-round, providing a consistent supply of fresh greens regardless of the season. This accessibility and availability further contribute to their growing popularity among consumers who value convenience and quality.

The global microgreens market is witnessing an extraordinary surge in demand, fueled by increasing consumer awareness, the rise of veganism, and a growing preference for sustainable food options. This trend is set to continue as advancements in cultivation techniques and packaging methods further enhance the appeal of microgreens. The future of the microgreens market looks promising, with a wide range of varieties and flavors to cater to the diverse tastes and preferences of health-conscious consumers. The Global Microgreens Market is segmented into type, farming technique, growth medium, distribution channel, end user, regional distribution, and company. Based on end user, in the world of agriculture, the commercial sector exerts a significant dominance over the residential sector when it comes to the utilization of microgreens.

These tiny but mighty greens have found a special place in the culinary world, especially in restaurants, hotels, and other food service establishments. Chefs and culinary experts have discovered that microgreens provide not only a burst of concentrated flavor but also an aesthetic appeal to their dishes. From delicate garnishes to vibrant toppings, microgreens have become an indispensable ingredient in elevating the taste and presentation of various culinary creations. While the residential usage of microgreens is steadily growing, particularly with the rising trend of home gardening, it currently remains secondary in comparison to the strong commercial demand. As more individuals embrace the joys of cultivating their own greens, the residential sector is gradually catching up, but it still has some way to go before reaching the level of demand seen in the bustling commercial market.

Based on region, North America holds a dominant position in the global microgreens market due to several contributing factors. The region exhibits a remarkably high consumption rate for fresh produce, driven by the increasing awareness and demand for healthy, organic, and locally sourced food. This emphasis on nutritious and sustainable eating habits has created a strong market for microgreens, which are packed with essential vitamins and minerals. Moreover, advancements in farming techniques have revolutionized microgreens cultivation in North America. Techniques such as hydroponics and aeroponics have enabled year-round production of microgreens, regardless of external weather conditions. This consistent supply of fresh and high-quality microgreens has further fueled the popularity and growth of the market in the region. 

Additionally, the presence of numerous market players and the strong support from the government for sustainable agricultural practices have significantly contributed to the success of the microgreens market in North America. These factors have created a favorable environment for innovation, collaboration, and market expansion. The combination of high consumer demand, technological advancements, and supportive policies has positioned North America as a leader in the global microgreens market. The region's commitment to healthy eating, sustainable farming practices, and continuous innovation ensures the sustained growth and success of the microgreens industry in this thriving market.

Major companies operating in Global Microgreens Market are:

AeroFarms LLC

Goodleaf Farms

Living Earth Farm

Farm Box Greens

Jiangsu Skyplant Greenhouse Technology Co. Ltd

Shanghai Dehuan Industry Co. Ltd

Chef's Garden Inc.

Madar Farms

Metro Microgreens

Greenbelt Microgreens

Download Free Sample Report: https://www.techsciresearch.com/sample-report.aspx?cid=12874

Customers can also request for 10% free customization on this report

“The global Microgreens market is poised for significant growth in the future, driven by changing consumption patterns and an increasing awareness of the health benefits associated with these nutrient-dense young vegetables. Consumers' growing preference for natural and organic food products, along with the versatility of microgreens in culinary applications, are factors contributing to this upward trajectory.

Moreover, advancements in farming technologies have facilitated the year-round production of microgreens, further bolstering market prospects. The future of the global Microgreens market appears promising, with plenty of opportunities for innovation and expansion.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.

“Microgreens Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2019-2029 Segmented By Type (Broccoli, Lettuce & Chicory, Arugula, Basil, Fennel, Carrots, Others), By Farming Technique (Indoor Vertical Farming, Commercial Greenhouses, Others), By Growth Medium (Peat Moss, Soil, Coconut Coir, Tissue Paper, Others), By Distribution Channel (Hypermarkets/Supermarkets, Online, Retail Stores, Others), By End Use (Commercial and Residential), By Region and Competition”, has evaluated the future growth potential of Global Microgreens Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Microgreens Market.

Contact

TechSci Research LLC

420 Lexington Avenue, Suite 300,

New York, United States- 10170

Tel: +13322586602

Email: sales@techsciresearch.com

Website: www.techsciresearch.com

[industrymarketreports]

From Tank to Table: How Aquaponics Systems Are Revolutionizing Food Production

The Europe Aquaponics System Market was valued at USD 219.24 Million and is projected to reach a market size of USD 565.66 Million by the end of 2030. Over the forecast period of 2024–2030, the market is projected to grow at a CAGR of 14.5%.

A stalwart force propelling the Aquaponics System Market on a long-term trajectory is the global paradigm shift towards sustainable food production. As the world grapples with the challenges posed by climate change and population growth, the demand for efficient, eco-friendly farming practices has surged. Aquaponics, with its harmonious blend of aquaculture and hydroponics, emerges as a solution that not only conserves water but also minimizes environmental impact.

Request Free Sample Copy @ https://virtuemarketresearch.com/report/europe-aquaponics-system-market/request-sample

The COVID-19 pandemic, while presenting unprecedented challenges to various industries, has ironically catalyzed the Aquaponics System Market. The disruptions in traditional supply chains have led to a heightened awareness of the vulnerability in conventional farming methods. As a result, governments and agricultural communities worldwide are embracing aquaponics for its resilience to external shocks, ensuring a steady and reliable source of fresh produce regardless of external disruptions.

In the short term, a notable driver accelerating the growth of the Aquaponics System Market is the increasing focus on local and sustainable food production. Consumers are becoming more conscious of the origins of their food, demanding transparency and environmentally friendly practices. This has prompted a surge in the adoption of aquaponics systems by small-scale farmers and community initiatives, contributing to the decentralization of food production.

An exciting opportunity in the Aquaponics System Market lies in the integration of smart technologies. Automation, data analytics, and IoT applications are gradually finding their way into aquaponics setups, optimizing resource utilization and enhancing overall efficiency. The industry stands on the cusp of a technological revolution, offering stakeholders the chance to embrace innovation and unlock new avenues for growth.

A prevailing trend in the industry is the growing emphasis on organic and pesticide-free produce. As consumers become increasingly health-conscious, the demand for food grown without harmful chemicals is on the rise. Aquaponics, inherently free from chemical fertilizers and pesticides, aligns seamlessly with this trend, positioning itself as a sustainable and healthy alternative to traditional farming methods.

Market Segmentation:

By produce: Leafy greens and herbs, fruit-bearing plants, fish

Diving into the market by produce, it’s fascinating to note that among the various segments, the largest player is undeniably leafy greens and herbs. These verdant wonders dominate the scene, showcasing the adaptability and efficiency of aquaponics systems in cultivating these nutritious greens. The lush foliage and robust flavors of herbs stand as a testament to the success of this segment.

What catches the eye when forecasting the future trajectory is the fish category, emerging as the fastest-growing subsegment. As consumers increasingly recognize the benefits of aquaponics in fostering sustainable fish farming, this segment surges ahead, promising a bountiful harvest in the forecast period.

By system type: Media-Based Aquaponics, Nutrient Film Technique Aquaponics, Deep Water Culture Aquaponics, Vertical Aquaponics, and Others

Shifting focus to the system types within the Aquaponics System Market, media-based aquaponics takes center stage as the largest segment. This system, utilizing various growth mediums for plants, demonstrates versatility and efficacy, attracting farmers and enthusiasts alike. The aquaponics landscape is indeed an evolving canvas, with media-based systems painting a picture of sustainable agriculture.

In the realm of rapid growth, vertical aquaponics emerges as the star of innovation. As agricultural spaces become more confined, the upward trajectory of vertical systems offers a solution. This dynamic approach not only maximizes space utilization but also opens new possibilities for urban farming. The forecast period witnesses vertical aquaponics as the fastest-growing system type, reaching new heights in popularity.

Customize This Study According To Your Needs @ https://virtuemarketresearch.com/report/europe-aquaponics-system-market/customization

Regional Analysis:

Zooming in on the Aquaponics System Market by region, Europe stands out as a vibrant kaleidoscope of growth opportunities. Among the European nations, Germany takes the lead as the largest market contributor. The efficient adoption of aquaponics practices in Germany showcases the country’s commitment to sustainable agriculture, setting an example for others to follow.

As the market matures, France emerges as the fastest-growing region during the forecast period. The French embrace of aquaponics reflects a growing trend toward eco-conscious farming practices. This surge in popularity positions France as a dynamic hub for aquaponics innovations, paving the way for a flourishing market in the region.

Latest Industry Developments:

· In the ever-evolving Aquaponics System Market, companies are increasingly adopting technological integration as a strategic trend to enhance their market share. Recent developments showcase a surge in the incorporation of smart technologies, such as automation, data analytics, and Internet of Things (IoT) applications. By leveraging these advancements, companies aim to optimize resource management, improve overall system efficiency, and differentiate themselves in a competitive landscape. This trend signifies a shift towards precision farming, positioning tech-savvy companies at the forefront of market leadership.

· A notable trend among companies in the Aquaponics System Market is the strategic diversification of their product offerings. Recent developments indicate a move beyond traditional aquaponics setups, with companies exploring and introducing innovative solutions tailored to specific consumer demands. This includes customized aquaponics systems for different crops, scaled solutions for diverse farming sizes, and specialized setups catering to unique geographical and climatic conditions. By diversifying their product portfolios, companies aim to capture a broader market share and address the evolving needs of a diverse customer base.

· Companies in the Aquaponics System Market are increasingly focusing on global market expansion as a key strategy to bolster their market share. Recent developments highlight efforts to establish a presence in untapped regions and capitalize on emerging opportunities. This expansion strategy involves not only geographical reach but also collaborations and partnerships with local stakeholders to navigate regulatory landscapes and cultural nuances effectively. By broadening their market footprint, companies seek to tap into new customer bases, diversify revenue streams, and solidify their positions as key players in the global aquaponics ecosystem.

Interested in Purchasing the Full Report? Enquire Before Buying @ https://virtuemarketresearch.com/report/europe-aquaponics-system-market/enquire

Contact Us:

Virtue Market Research

E-mail: sales@virtuemarketresearch.com

Phone: +1–917 436 1025

Website: https://virtuemarketresearch.com

About Us:

“Virtue Market Research stands at the forefront of strategic analysis, empowering businesses to navigate complex market landscapes with precision and confidence. Specializing in both syndicated and bespoke consulting services, we offer in-depth insights into the ever-evolving interplay between global demand and supply dynamics. Leveraging our expertise, businesses can identify emerging opportunities, discern critical trends, and make decisions that pave the way for future success.”

[creativeera]

Hydroponics Market to Exhibit Substantial Growth due to Growing Popularity

The hydroponics market has witnessed significant growth in recent years owing to the rising demand for organic food crops grown without soil. Hydroponics is a method of growing plants using mineral nutrient solutions in a water solvent, instead of soil. It is often utilized in commercial indoor farming as it uses much less water than traditional agriculture and provides environmental protection benefits. Hydroponics systems are designed to deliver nutrients to plant roots using a liquid solution containing essential minerals required for plant growth such as nitrogen, phosphorus, potassium, and others. They provide optimal growing conditions and help increase crop yields per cultivation area. The global hydroponics market is estimated to be valued at US$ 538.18 Bn in 2024 and is expected to exhibit a CAGR of 7.4% over the forecast period 2024 to 2031.

Hydroponics helps enhance productivity per cubic meter of space by growing plants closer to each other and enabling year-round harvesting through controlled environmental conditions. It also eliminates the need for pesticides and fertilizers, thereby supporting sustainable agriculture practices. The ability of hydroponics to grow crops with minimum resources and maximize space utilization is fueling its adoption over traditional farming techniques globally. Key Takeaways Key players operating in the hydroponics market are Johnson Health Tech, ICON Health & Fitness, Technogym, Precor, Nautilus, Cybex, True Fitness, Amer Sports, Sole Fitness and Life Fitness. The growing popularity of organic foods and focus on urban gardening are creating new opportunities for growth of hydroponic systems across both commercial and residential sectors. North America currently dominates the global Hydroponics Market Growth . However, Asia Pacific is expected to witness the fastest growth owing to rising population and strong government support for adopting innovative agricultural technologies in countries like China, India, and Japan. Market drivers The increasing efforts towards sustainable food production is one of the major drivers of hydroponics market. With a rising global population, the requirement for food supplies is increasing tremendously. However, availability of cultivable land is limited. Hydroponics helps maximize crop yield from limited land resources through its precise nutrient delivery and environmental control features. It uses 70-90% less water than traditional soil-based agriculture and protects roots from diseases. This makes hydroponics a viable solution to fulfill the rising demand for food in a sustainable way. The other key drivers include growing popularity of organic foods, proliferation of indoor vertical farming, and rising investments in agricultural technology development.

PEST Analysis Political: The hydroponics market is influenced by favorable regulations and policies supporting sustainable agricultural practices across various regions. Several countries offer subsidies and tax benefits to promote the adoption of hydroponics. Economic: With the growing population and limited agricultural land, hydroponics is an economically viable option to increase crop yields. It has lower water usage and helps reducing production costs. Social: Younger generations are more receptive towards innovative agricultural technologies. They are conscious about healthy and organic foods produced sustainably. Hydroponics helps address sustainability goals and meets rising food demand. Technological: Advanced sensors and IoT systems provide real-time crop monitoring and precise nutrient delivery. Use of robotics, automation, and data analytics aid optimized production. New techniques like aquaponics are also gaining popularity. Geographical concentration North America accounts for the largest share of the global hydroponics market in terms of value. Favorable government support and high health awareness among consumers in the US and Canada create strong demand for hydroponically grown crops. Fastest growing region Asia Pacific region is poised to grow at the fastest rate during the forecast period. Rapid urbanization, growing middle class, and rising focus on alternative farming methods in countries like China and India offer immense growth opportunities.

Get more insights on Hydroponics Market

Vaagisha brings over three years of expertise as a content editor in the market research domain. Originally a creative writer, she discovered her passion for editing, combining her flair for writing with a meticulous eye for detail. Her ability to craft and refine compelling content makes her an invaluable asset in delivering polished and engaging write-ups.

(LinkedIn: https://www.linkedin.com/in/vaagisha-singh-8080b91)

[rupalic]

New Revenue Sources in Indoor Farming Technology Market

According to a research report "Indoor Farming Technology Market by Growing System (Hydroponics, Aeroponics, Aquaponics, Soil-based, Hybrid), Facility Type, Component, Crop Type (Fruits & Vegetables, Herbs & Microgreens, Flowers & Ornamentals) and Region - Global Forecast to 2028" published by MarketsandMarkets, the indoor farming technology market is projected to reach USD 32.3 billion by 2028 from USD 20.3 billion by 2023, at a CAGR of 9.7% during the forecast period in terms of value. The market for indoor farming technology is experiencing growth due to increasing demand for locally sourced and fresh produce which has led to a surge in indoor farming projects.

By component, lighting systems hold a significant market share during the forecast period.

Lighting systems have the largest market share in the component of the indoor farming market due to several factors. Lighting is required for plant growth in non-natural lighting settings. In the absence of sunlight, the quality of the light utilized in vertical farming (spectrum) is amplified to the greatest extent possible. Because artificial light is the only light source in vertical farming, higher light intensities are required in many supplemental light scenarios. In these non-natural light situations, increasing light intensity leads to a larger thermal load that must be cooled. A better light spectrum results in increased agricultural yields, allowing for lower intensities and lower energy usage. The key factors to consider when supplying illumination for plants are the light's quality, quantity, and duration. The actual wavelengths that the lights offer to the plants are referred to as quality. Generally, lights provide either a light spectrum like that of the sun or a spectrum tailored to the needs of plants. Outdoor circumstances can be created by modifying the grow lights' colors, temperatures, and spectrum outputs, as well as changing the intensity output of the lamps. Specific ranges of the spectrum, luminous efficacy, and color temperature are utilized with specific plants and periods depending on the type of plant farmed, the stage of culture, and the photoperiod required.

Speak to the Analyst: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=40175861

By facility, glass or poly greenhouses are projected to dominate the market during the forecasted period.

Several factors are driving the expansion of glass or poly greenhouses in indoor farming. The growing need for locally produced and fresh produce has increased indoor farming initiatives, and greenhouses provide an efficient and controlled setting to meet this demand. Furthermore, advances in greenhouse technology, such as enhanced climate control systems, irrigation techniques, and automation, have made indoor farming more productive and profitable. Furthermore, growing environmental awareness and a drive to decrease carbon footprints have contributed to the appeal of greenhouses, which provide energy-efficient options for indoor agricultural farming. The expansion and demand for glass or poly greenhouses are projected to continue as the indoor farming business expands and evolves, driven by the need for efficient, sustainable, and high-quality crop production.

The key players in this market include Scotts Company LLC (US), Signify Holding (Netherlands), EVERLIGHT ELECTRONICS CO., LTD (Taiwan), NETAFIM (Israel), Heliospectra AB (Sweden), Argus Control Systems Limited (Canada), Lumigrow, Inc (Canada), weisstechnik (US), Priva (Netherlands), LOGIQS.B.V. (Netherlands), Illumitex (US), AmHydro (US), RICHEL GROUP (France), Vertical Farm Systems (Australia), Hydroponic Systems International (Spain), Certhon (Netherlands), Bluelab (New Zealand), Barton Breeze (India), Green Sense Farms Holdings, Inc. (US), Greener Crop Inc. (Dubai), Sensaphone (US), Freight Farms Inc (US), Climate Control Systems Inc (US), Sky Greens (Singapore), and SANANBIO (China). These players have adopted various growth strategies such as partnerships, agreements, and collaborations to increase their global market presence.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=40175861