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Aeroponics Market Trends

  • Report ID: GMI10483
  • Published Date: Jul 2024
  • Report Format: PDF

Aeroponics Market Trends

The aeroponics sector is witnessing robust growth, propelled by key trends in sustainable and urban agriculture. With rising environmental concerns, the demand for eco-friendly farming practices has grown among the end-users. Aeroponics, with its water efficiency and pesticide elimination, emerges as an appealing option in the market. Its capabilities for high yields in compact spaces align with the rising popularity of vertical farming, especially in land-scarce urban locales.
 

Further, technological advancements are boosting aeroponic systems' efficiency and productivity. By incorporating automation, IoT, and AI, precise monitoring and control of plant growth conditions are achieved. This optimization enhances resource utilization and crop quality, rendering aeroponics more commercially feasible. Companies such as AeroFarms and Freight Farms are leading the aeroponics market, due to the growing adoption of new farming technology. In August 2021, AeroFarms reported a 390% increase in productivity compared to traditional farming methods.
 

Moreover, shifting consumer preferences toward organic, pesticide-free produce are driving the demand for aeroponically grown crops, fueled by increased health awareness and focus on sustainably sourced foods. Further, government initiatives and funding are boosting the aeroponics industry, as they recognize aeroponics' role in improving food security and sustainable development. As a result, governments worldwide are offering incentives and supporting research and implementation efforts, thus creating lucrative opportunities for the market growth.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

Global industry size for aeroponics was valued at USD 1.1 billion in 2023 and is anticipated to register over 15% CAGR between 2024 and 2032 driven by growing demand for sustainable agricultural practices.

The indoor segment in the aeroponics market held 62% revenue share in 2023 due to the growing demand for sustainable and organic-produced crops.

North America market held 34% revenue share in 2023 due to advanced technologies, substantial R&D investments, and the presence of major market players.

AeroFarms, Aeroponic Systems Ltd., Agrilution, Aponic Ltd., Freight Farms, Green Sense Farms Holdings, Inc., Growcer, Indoor Harvest Corp., Living Greens Farm, and Modular Farms.

Aeroponics Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 360
  • Countries covered: 21
  • Pages: 240
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