|02-14-2019 11:40 AM CET - Health & Medicine||
Global Aquaponics Market 2018-2026 Segmented by Top Companies like: Nelson & Pade Inc., Ultrasonics Canada Corporation, UrbanFarmers AG, Colorado Aquaponic, Greenlife Aquaponics
Press release from: Polaris Market Research & Consulting
According to Polaris Market Research, The Global Aquaponics Market was valued at USD 449 million in 2018 and is projected to reach USD 1,019 Million by 2026, growing at a CAGR of 11% from 2018 to 2026.
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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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 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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Competitive Landscape and Key Vendors
The global Aquaponics market is characterized by the presence of well-diversified international and small and medium-sized vendors. These companies are consistently launching new products to enhance their offerings in the aquaponics industry. With the advancement of technologies, companies are innovating and introducing new customized products to cater the growing needs of the customers. Leading companies are also acquiring other companies, and enhancing their product offerings to improve their aquaponics market reach. Acquisitions enable key players to increase their market potential in terms of geographic expansion and expansion of customer base.
The leading 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.
• Bio Filter
• Rearing tanks
• Settling Basins
• Hydroponics Subsystem
• Deep Water Culture
• Nutrition Film Technique
• Media-Filled Beds
• Ebb and Flow
• Drip Irrigation
• Home Production
• Agriculture and Farming
• Education and Research
• North America [U.S., Canada, Mexico]
• Europe [Germany, UK, France]
• Asia-Pacific [China, India, Japan, Rest of Asia-Pacific]
• Latin America [ Brazil, Mexico]
• Middle East and Africa
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About Polaris Market Research
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to our customers.
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Polaris Market Research
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