The aeroponics market is estimated to secure a valuation of US$ 2.7 Billion in 2023 and is estimated to rise to US$ 17.4 Billion by 2033. The market is anticipated at a CAGR of 20.5% during the forecast period. the factor accelerating the demand for aeroponics are as follows-
Aeroponics is an innovative method of cultivation using air instead of soil. In Aeroponics roots have greater access to oxygen resulting in healthier plants and a significantly fast growth rate and increased yield. This technique requires less space, less water, and very little fertilizer. Aeroponics is gaining traction with increased spending on cop protection techniques.
The increasing adoption of indoor farming practices and vertical aeroponics is providing a thrust to market growth. Increasing health consciousness, and a shift in consumer preference towards organic and disease-free food products, have resulted in the increasing requirement for efficient aeroponics systems.
An increasing number of people are adopting organic food due to numerous benefits, which are expected to drive the global aeroponics market during the forecast period. Furthermore, improved distribution channels and increasing income levels among the population are expected to propel the worldwide aeroponic market throughout the forecast period.
The aeroponics market in North America is expected to witness growth during the projection period. the increasing demand for organic food among the population is the key factor projected to drive the regional market during the forecast period.
The aeroponics market in Asia Pacific is expected to expand owing to the changing lifestyle and increased disposable income. The increased awareness about the health advantages of organic food and advancement in farming is expected to increase demand for aeroponics in the region throughout the forecast period.
The market players are focusing on research & development of efficient farming strategies and maintaining quality and confirming the stringent government regulation of the industry. Some of the leading market players operating in the aeroponics market are Aeroponics (AERO Development Corp), AeroFarms, BrightFarms, LettUs Grow Ltd, Evergreen Farm Oy, Comba Group S.A., Ponics Technologies, Altius Farms, Freight Farms Inc., Living Greens Farm Inc.
The players in the aeroponics market are concentrating their efforts on the creation of new product categories with the use of new innovative methods such as greenhouses and other technologies like automated lighting and irrigation system, and mobile app-based monitoring.
Some of the development in the market is
The future of the aeroponics market looks promising driven by increased demand for organic farming and disease-free environments in the agriculture industry. Also, the increasing demand for aeroponics in emerging markets such as Asia Pacific, and the middle east is expected to provide new growth opportunities for the aeroponics market.
| Data Point | Key statistics |
|---|---|
| Expected Market value in 2023 | US$ 2.7 Billion |
| Projected Market Value in 2033 | US$ 17.4 Billion |
| Growth Rate (2023 to 2033) | CAGR of 20.5% |
The global aeroponics market has gained a traction over the historical years on the back of increasing spending on crop protection techniques across the globe. Aeroponics is also termed as 'fogponics' which is an innovative method of cultivation by means of mist or air instead of soil. In this cultivation method, the concentrate of nutrients is added into the water that further controls the growth of the plant. Aeroponics is one of the subsets of hydroponics technology.
Aeroponics technology is gaining traction due to its innumerable associated health benefits. Apart from that the plants grown via aeroponics method requires less space, fewer fertilizers, and less water; and it doesn’t require any pesticides. Cucumber, tomato, lettuce, strawberries, and herbs such as mint, and basil are the few type of crops that are cultivated via aeroponics.
Aeroponics has the unique ability to yield any kind of crop all through the year, in any season. Changeable climates are one of the key strain on the global food supply chain. Increasing adoption of aeroponics systems by farmers in various regions across the world to make sure year-round yield and to reduce the scarcity of food at regional levels is likely to drive the overall growth of the aeroponics market over the forecast years.
Aeroponics cultivation system provides an enhanced variety of crops as well as diminish costs as compared to conventional farming techniques. As this method doesn’t require any pesticide hence it doesn’t produce any harmful waste in the atmosphere.
The controlled atmosphere/environment created by aeroponics technique can produce approximately more than 70% yield as compared to traditional methods. Due to all these factors, the aeroponics market is anticipated to grow over the forecast years.
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These days the customers have become more conscious regarding the source of the raw materials that have been using in the food products. Due to the rising awareness about health and food, customers are progressively preferring chemical-free and sustainable food products.
Consequently, to retain a healthy standard of living, customers are more willing to expend on natural and organic food products.Due to the growing demand for natural and organic food products the agriculturalists are implementing organic aeroponics solutions.
The manufacturers of food products are more preferring aeroponically-grown organic vegetables and fruits. These are the key reasons which are boosting the demand for aeroponics-based crops in the market.
Some of the key players engaged in the global aeroponics market are
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Aeroponics can be further optimized using more innovative methods of design with regard to the greenhouse and emerging advanced technologies such as automated lighting and irrigation systems, mobile app-based monitoring and retractable roof greenhouse.
Use of mobile apps to monitor and control the growth of plants is a low-labor and time-saving technology. Such apps enable users to remotely activate and operate the nutrient solution preparation and loading system process on the basis of the plant growth cycle.
Besides mobile app-based monitoring, the temperature control system can also be automated by timing the lighting system appropriately, which ensures optimal use of energy. Offering such solutions can enable players in the aeroponics market to improve their market position.
Use of retractable roofs can have significant advantages for outdoor aeroponics’ farmer. Outdoor aeroponics is vulnerable to climate change and having a retractable roof can protect crops in such a scenario. Retractable roofs can be retracted on days when the weather is ideal, thereby reducing energy costs.
The aeroponics market report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size.
The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the aeroponics market, including but not limited to: regional markets, component, farming method, solution, type of crop, and distribution channel.
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The Aeroponics market report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases).
The report also features a complete qualitative and quantitative assessment by analysing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the aeroponics market report projects the attractiveness of each major segment over the forecast period.
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