The global Aquaponics
Market is anticipated to reach $1,019 million by 2026
according to a new research published by Polaris Market Research. In 2018, the
Deep Water Culture segment accounted for the highest Aquaponics market share in
terms of revenue. North America is expected to be the leading contributor to
the global Aquaponics market revenue in 2018.
The increase in the
population worldwide and growth in global food demand majorly drives the
aquaponics market growth. Aquaponics is increasingly being used to meet the
high-demand for food crops. The ability to produce high quality crops
throughout the year, lesser use of water for crop cultivation, and lower
dependency on weather conditions boost the aquaponics market growth. Growing
demand for organic and chemical free crops, and rising urban population
accelerate the growth of the aquaponics market. New emerging markets, and
reduced environmental pollution by aquaponics would provide growth opportunities
in the aquaponics market in the coming years.
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North America generated
the highest aquaponics market share in terms of revenue in 2018. The growing
urbanization, and rising population has accelerated the aquaponics market
growth in the region. A significant rise in the demand for organic and chemical
free food products supports the growth of the aquaponics market in the region.
The technological advancements in farming methods, and increasing awareness
among consumers improves the aquaponics market growth rate. Asia-Pacific is expected
to grow at the highest rate during the forecast period. This is owing to
significant growth of population in the region. Lack of fertile land, and
strong technical expertise in agricultural practices in the region promotes the
adoption of aquaponics in the region. Technological advancements and
established R&D institutes in China and Japan further supplements the
aquaponics market growth.
The well-known companies
profiled in the aquaponics market report include 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
among others. These companies launch new products and collaborate with other
market leaders to innovate and launch new products to meet the increasing needs
and requirements of consumers.
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Leading players in the
aquaponics market partner and collaborate with other players in the market to
enhance their offerings in the market and expand their customer base. For
instance, Aerofarms has partnered with Dell Technologies to expand its
technological requirements of machine learning and network systems. Fluence
Bioengineering, offers lighting solutions for Aquaponics to its consumers. The
company’s Fluence RAZR Series is developed for various Aquaponics applications
such as full-cycle cultivation of leafy greens, young plant propagation of
vegetable, ornamental and cannabis crops.
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