Knowledge Sourcing Intelligence announces the publication of an updated report on “Global Aquaponics Market - Forecasts from 2021 to 2026” to their offering.
The prime factors driving the growth of the Aquaponics market are the inclining pay because of double raising activity of fish and plants, low water utilization, and diminished technical intricacy.
As per the report, the market about Aquaponics market is expected to grow at a steady pace.
Aquaponics is the practice of raising fish and cultivating plants together in a controlled framework. Aquaponics consolidates traditional aquaculture with hydroponics. Aquaponics utilizes waste by-products of fishes as supplements to plants. Simultaneously, the water containing this waste of fishes is filtered as plants assimilate the nitrates. This water is, on the other hand, recycled into the framework.
The Aquaponics market growth is mainly fueled by the economic and ecological viability of the practice. It requires the least aquatic space and produces more food as compared to the conventional method. Additionally, the investment in the aquaponics market is rising due to the increasing adoption of urban farming and a hike in the demand for organic food. The practice is economical because it reduces the need for fertilizer, agricultural machinery, and expensive farm equipment. Furthermore, the inclining consumption of fish is expected to further propel the growth of the aquaponics market.
By type, the market is categorized into Media Filled Growbeds (MFG), Nutrient Film Technique (NFT), Deep Water Culture (DWC), and Others. By components, the market is segmented as Bio Filter, Settling Basins, Fish tanks, Soil-free plant bed, Rearing Tanks, Aquaponic Produce, and Others. By equipment, the market is divided into Pumps and Valves, Water Heaters, Fish Purge Systems, Aeration Systems, Water Quality Testing, and Others. By applications, the aquaponics market is classified as Fish, Herbs, Fruits, Vegetables, and Others. By end-users, the market is segmented into Commercial, Home Production, Research, and Others
By geography, the Aquaponics market is studied across North America, South America, Europe, the Middle East and Africa, and Asia Pacific. North America is predicted to dominate the market owing to the increasing demand for organic food, technological advancement, and increased investments by major market players.
As a part of the report, the major players operating in the Aquaponics market, that have been covered are Nelson & Pade Aquaponics, Aquaponic Lynx LLC, Backyard Aquaponics, GreenLife Aquaponics, MyAquaponics, The Aquaponic Source, ECF Farm systems GmbH, Endless Food Systems, NutraPonics Canada Corporation, Symbiotic Aquaponic.
View a sample of the report or purchase the complete study at https://www.knowledge-sourcing.com/report/global-aquaponics-market
This analytics report segments the Aquaponics market on the following basis: