Health and wellness have become a matter of priority and concern for a majority of the population across the globe. Moreover, with the growing number of medical cases such as heart diseases, cancer, osteoporosis, diabetes, strokes, and rising healthcare costs, the consumers are becoming increasingly aware of the relation between diet and health.
As per the data by United Nations (UN), the world population which was 1.8 billion in year 1915, has reached over 7 billion in 2016, and is expected to reach over 9.5 billion by 2050. The Journal of Agricultural Economics stated that the food demand might increase by 59% to 98% between 2005 and 2050. Another study by National Academy of Science (U.S.) stated that the crop demand might rise by 100% to 110% between 2005 and 2050. With this alarming population growth and food demand, customer’s concern about ensuring food sufficiency and food safety is also increasing.
This has further led to the growing eagerness in different forms of farming technologies in the world.
The global investments in technological advancements in the agricultural industry can significantly reduce some of the environmental issues and would also meet the 2050 food and crop demand. Several agronomists, farmers, and companies have come up with the concept of hydroponics, aquaculture, aquaponics and aeroponics technologies, which have been already serving as the ideal solutions for coping environmental issues.
These techniques have innumerable advantages over the conventional farming methods. Hydroponics, and aeroponics are modern agriculture systems that utilize nutrient-rich water rather than soil for plant growth. These do not require fertile land and require less space and 70% less water when compared with the conventional farming. These techniques support crop production all year round, when practiced in a controlled environment. This ultimately assists the farmers in having greater control over the production and the ability to increase yields with more flexibility during unfavorable climatic conditions.
The plants can be cultivated with water (hydroponic technique) and the same water can be used for aquaponics (fish farming technique). Another technique is aeroponics, which includes the growing of plants by spraying the roots with a nutrient-rich water solution which is still a nascent technology.
Soil-less culture or hydroponics is the method of growing agricultural crops without the soil, either on a substrate (growing media) or in an aqueous medium with plain roots. The growing media provides nutrient support and moisture retention to the plants. Various irrigation systems are joined with these growing media to assist the nutrient solution to reach to the plants root zone directly. Apart from its high yield advantage as compared to traditional farming, soil-less farming is also gaining traction because of its high water and fertilizer use efficiency which makes both hydroponic and aquaponic a suitable farming technique across regions which are dry or wherever nutrient dispersion is a problem for both economic and environmental reasons.
According to the latest market research report by BIS Research, titled ‘Global Aquaponics & Hydroponi…recast 2017–2022’, the global Aquaponics & Hydroponics Systems & Equipment Market is expected to reach a value of $1.98 billion by 2022. The market is largely attributed to the increasing emphasis on food security and high adaptation of soilless farming techniques by farmers across the globe.
Companies Mentioned in the Report:
- AM Hydro
- Aquaponic Lynx LLC
- Argus Controls System Ltd.
- Backyard Aquaponics
- Better Grow Hydro
- Colorado Aquaponics
- ECF Farmsystems
- GreenTech Agro LLC
- General Hydroponics
- Hydrodynamics International
- My Aquaponics
- Nelson & Pade Inc.
- Pegasus Agriculture
- Perth Aquaponics
- UrbanFarmers AG
Key Questions Addressed in the Report:
- • What was the size, in terms of value ($million) of the aquaponics and hydroponics systems and equipment market in 2017, and what will be the growth rate during the forecast period, 2017-2022?
- • What was the revenue generation of the aquaponics and hydroponics systems and equipment market for different types of equipment in 2017, and what is their growth prospect?
- • What is the market size of different systems, in terms of value and their respective growth prospects and key developments?
- • What is the aquaponics and hydroponics systems and equipment market size for different regions, on the basis of equipment and systems?
- • What are the key trends and opportunities in the market, pertaining to the countries included in different geographical regions?
- • How attractive is the market for different stakeholders present in the industry by analyzing the futuristic scenario of aquaponics and hydroponics systems and equipment market?
- • What are the major driving forces that tend to increase the demand for aquaponics and hydroponics systems and equipment market during the forecast period?
- • What are the major challenges inhibiting the growth of the global aquaponics and hydroponics systems and equipment market?
- • What kind of new strategies is being adopted by the existing market players to expand their footprint in the industry?
- • What is the competitive strength of the key players in the aquaponics and hydroponics systems and equipment market by market share analysis?
- • Who are the key market players in the market, along with their detailed analysis & profiles (including company snapshots, their financials, key products & services, and SWOT analysis)?
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