Aquaponics Market Size Estimated To Reach $1,019 Million By 2026 | CAGR of 11%

New York City, 16 January 2019: The new report ‘Aquaponics Market [By Product (Fish, Herbs, Fruits, Vegetables, Others) By Component (Bio Filter, Rearing tanks, Settling Basins, Hydroponics Subsystem, Others) By Methods (Deep Water Culture, Nutrition Film Technique, Media-Filled Beds, Ebb and Flow, Drip Irrigation, Others) By End-User (Commercial, Home Production, Community, Agriculture and Farming, Education and Research, Others), By Regions]: Market Size & Forecast, 2018–2026’ indicates that the global Aquaponics market generated $449 million in 2018.

Aquaponics is a combination of fish and plant production through the use of aquaculture and hydroponics systems. It is a system for farming fish and plants together in a mutually beneficial eco system. Fish produce wastes that turn into nitrates and ammonia, which act as fertilizer for plants. The plants use these nutrients and purify the water to be used by the fish. The demand for aquaponics has increased significantly to improve productivity and maximize crop production in a limited space.

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Global Aquaponics Market Share By Region, 2018 & 2026

The factors driving the Aquaponics markets include increasing global population and rising demand for high quality crops. The growing concerns regarding water scarcity have increased the adoption of Aquaponics across the globe. Lower dependency of Aquaponics on weather conditions for production of high quality crops further supports the aquaponics market growth. The increasing global population and rising demand for organic food crops further fuel the growth of the aquaponics industry. Government initiatives and Integration of technologies in Aquaponics further support the growth of the aquaponics market.The Global Aquaponics market is estimated to grow at a CAGR of 11% from 2019 to 2026 according to a new report published by Polaris Market Research. 

The report provides an extensive qualitative and quantitative analysis of the market trends and growth prospects of the Global Aquaponics Market, 2018–2026. The Aquaponics market report comprises a detailed geographic distribution of the market across North America, Europe, Asia-Pacific, Latin America, and MEA. North America is further segmented into U.S., Canada, and Mexico. Europe is divided into Germany, UK, Italy, France, and Rest of Europe. Asia-Pacific is bifurcated into China, India, Japan, and Rest of Asia-Pacific.

North America generated the highest revenue in 2018 owing to reducing arable land, and increasing population in the region. Modernization of farm equipment along with growing demand for organic food products have resulted in increasing adoption of Aquaponics in the region. Increasing initiatives and investments by governments in the region to support agricultural growth support the aquaponics market growth.

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Leading Top Companies Player Ultrasonics Canada Corporation, UrbanFarmers AG, Backyard Aquaponics Pty Ltd., ECF Farmsystems GmbH, My Aquaponics, Aqua Allotments, Nelson & Pade Inc., Colorado Aquaponic, Greenlife Aquaponics, Aquaponic Lynx LLC, and The Aquaponic Source.

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