Aeroponics Market to See Massive Growth by 2027 | AERO Development Corp, AeroFarms, Altius Farms

The latest report published by IMARC Group, titled "Aeroponics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," offers a comprehensive analysis of the industry, which comprises insights on the market trends. The report also includes competitor and regional analysis, and contemporary advancements in the market.

Market Overview:

The global aeroponics market reached a value of US$ 824.77 Million in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 1,929.74 Million by 2027, exhibiting a CAGR of 14.40% during 2022-2027.

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Aeroponics refers to the process of growing plants in the air by suspending their roots and spraying them with enriched nutrient solutions in a mist-based environment. It uses sensors, lighting, low-pressure and high-pressure ultrasonic fogger systems, and climate control monitors. It offers a higher crop yield, uses minimal water and space, promotes faster plant growth, facilitates year-round production, prevents pest infection, and has minimal maintenance requirements compared to traditional farming practices. As a result, aeroponics is widely utilized for growing green leafy vegetables, vine plants, herbs, and fruits.

Market Trends:

The market is primarily driven by significant growth in the agricultural industry. In addition, the rising adoption of indoor farming practices and vertical aeroponics due to the shifting consumer preferences toward organic products is providing a positive outlook to the market. Besides this, organic food acquired through aeroponic farming systems does not require synthetic fertilizers, growth regulators, and pesticides.

This, coupled with several technological advancements, such as the development of smartphone application-based monitoring systems, automated lighting and irrigation systems, and greenhouse solutions with retractable roofs, are positively influencing the market growth. Furthermore, extensive research and development (R&D) activities and reducing arable land for traditional farming practices are also propelling the market growth.

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Aeroponics Market 2022-2027 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

The competitive landscape of the global aeroponics market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

• AERO Development Corp
• AeroFarms
• Altius Farms
• CleanGreens Solutions SA
• Evergreen Farm Oy
• Freight Farms Inc.
• BrightFarms
• LettUs Grow Ltd.
• Living Greens Farm Inc.
• Ponics Technologies.

Key Market Segmentation:

The report has segmented the global aeroponics market based on component, application and region.

Breakup by Component:
• Lightning
• Irrigation Component
• Sensor
• Climate Control
• Building Material
• Others

Breakup by Application:
• Indoor Farming
• Outdoor Farming

Breakup by Region:
• North America
• Asia Pacific
• Europe
• Latin America
• Middle East and Africa

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Key Highlights of the Report:

• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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Key Questions Answered in This Report:
• How has the global aeroponics market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the global aeroponics market?
• What are the key regional markets?
• What is the breakup of the market based on the component?
• What is the breakup of the market based on the application?
• What are the various stages in the value chain of the industry?
• What are the key driving factors and challenges in the industry?
• What is the structure of the global aeroponics market and who are the key players?
• What is the degree of competition in the industry?

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

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