Aeroponics Market Size

Aeroponics Market Size

Aeroponics Market was valued at USD 1.1 billion in 2023 and is estimated to register a CAGR of over 15% between 2024 and 2032. The market is witnessing a surge in growth, propelled by the growing demand for sustainable agricultural practices. A notable trend is the traction in vertical farming adoption, optimizing both space and output.

In July 2023, according to the USDA, vertical farming can increase crop yields by up to 70%. Moreover, advancements such as automation and IoT integration are enhancing aeroponic systems, boosting their precision and productivity. The market is further fueled by the rising consumer preferences for pesticide-free, organic-produced crops supported by aeroponic cultivation.
 

Urban farming, especially through aeroponics, is gaining traction for its ability to yield top-tier crops in confined urban spaces. Government initiatives and funding aimed at bolstering innovative farming practices are further propelling the market. For instance, in March 2024, the Ministry of Agriculture, Forestry and Fisheries of Japan announced a USD 8.2 million grant for urban agriculture and innovative production projects. Such government initiatives across both developed and developing economies are expected to create lucrative opportunities for market growth.
 

The aeroponics market faces several challenging trends hindering market growth. High setup costs and the need for special technical skills can make it hard for smaller farmers to start. In addition, energy use for maintaining the best-growing conditions leads to additional operational costs. Moreover, expanding aeroponic systems to meet larger demands can be difficult. Furthermore, many traditional farmers are less aware of aeroponics, which can restrict its adoption and hamper market growth.