Home > Agriculture > Agri Machinery & Tech > Agri Equipment > Aquaponics Market

Aquaponics Market Trends

  • Report ID: GMI10501
  • Published Date: Jul 2024
  • Report Format: PDF

Aquaponics Market Trends

There is a growing interest in integrating smart technology with farming systems to enhance efficiency and productivity. Innovations such as IoT-based monitoring, automated nutrient delivery, and data analytics are becoming more prevalent. These advancements allow for precise control of environmental conditions, optimizing plant and fish growth while reducing resource use. This shift towards tech-driven solutions is reshaping the approach to sustainable agriculture.
 

Additionally, there is a rising focus on urban and vertical farming solutions that leverage aquaponics. As cities seek to become more self-sufficient and reduce food miles, these compact and high-yield systems offer a practical solution for local food production. Further, urban farms and vertical gardens using aquaponics are increasingly seen as innovative ways to integrate agriculture into urban environments, making fresh produce more accessible while addressing space limitations and promoting sustainability in densely populated areas.
 

For instance, in July 2024, Plenty Unlimited Inc. and Maw arid Holding Investment announced a major regional partnership to boost fresh produce cultivation across the Gulf Cooperation Council (GCC) countries. With the heir first venture, an indoor vertical farm in Abu Dhabi, will see an investment exceeding USD 130 million. This initiative illustrates the integration of advanced farming technologies into urban settings, enhancing local food production while addressing space constraints. It further highlights the growing trend of utilizing aquaponics in urban environments to improve food accessibility and sustainability in densely populated regions.

Authors: Preeti Wadhwani, Satyam Jaiswal

Frequently Asked Questions (FAQ) :

Market size for aquaponics was USD 507 million in 2023 and is expected to register 12% CAGR from 2024-2032 owing various technological advancements in aquaponics systems worldwide.

Aquaponics industry from the system segment held 79% share in 2023 and is expected to register an appreciable CAGR from 2024-2032 due to rising focus on advanced, automated systems designed for precision and efficiency.

North America industry held 36% share in 2023 and is expected to register a commendable CAGR from 2024-2032 due to notable increase in the adoption of aquaponics systems in urban areas and commercial enterprises in the region.

Go Green Aquaponics, Nelson and Pade, Inc., Pentair Aquatic Eco-Systems, Inc., Portable Farms Aquaponics Systems, Practical Aquaponics, Symbiotic Aquaponic, and The Aquaponic Source, are some of the major aquaponics companies worldwide.

Aquaponics Market Scope

Buy Now


Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 300
  • Countries covered: 25
  • Pages: 250
 Download Free Sample