Aeroponics Market Revenue to close at USD 2866.5 million by 2027
Posted On September 15, 2021
The Global Aeroponics Market is foreseen to grow at a remarkable CAGR of 20% during the year 2021-2027 as estimated by the report from Value Market Research wherein the market value is expected to grow to USD 2866.5 million by 2027. The global growth of the aeroponics business is fueled by an increase in the appeal of organic foods, an increase in urban population, a scarcity of fertile land for traditional agriculture and a spike in technology-driven agriculture. Moreover, the technology is gaining popularity due to the numerous health benefits it provides. Customers are more willing to spend money on natural and organic food products to maintain a healthy standard of living. However, the market's growth is restrained by large initial investments and the use of emerging technology.
Traditional farming is resource-intensive, both in terms of arable land and production volume. Aeroponics is growing plants without using soil or aggregate medium in an air or mist environment. This growth process is based on a closed-loop system that requires 95% less water than conventional farming. Pesticides are not used in this method, and there is no toxic waste produced in the environment. Aeroponics can produce around 70% greater output than traditional agriculture due to its controlled atmosphere. Aeroponic farming techniques use significantly less energy, preserve water, encourage faster growth, and aid disease-free plant growth. Aeroponics has the unique ability to produce any crop at any time of year. Tomato, lettuce cucumber, strawberries, and herbs like mint and basil are among the crops grown using aeroponics.
The geographical and segmentation study covered in the report "Global Aeroponics Market Report By Component (Irrigation Component, Lighting, Sensor, Climate Control, Building Material, Others), By Application (Indoor Farming, Outdoor Farming) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2021-2027" helps in understanding the upcoming trends of the market.
On the basis of component the market is segmented into Irrigation Component, Lighting, Sensor, Climate Control, Building Material, Others. By application the aeroponics market is categorised as Indoor Farming, Outdoor Farming. Geographically the research study provides data on North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa regions. This section provides the estimates of market by segment, thus providing valuable data to take strategic decisions.
The Report Segments Global Aeroponics Market -
- Irrigation Component
- Climate Control
- Building Material
- Indoor Farming
- Outdoor Farming
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Players Profiled In the Report:
Aeroponics (AERO Development Corp), AeroFarms, BrightFarms Inc, LettUs Grow, Evergreen Farm Oy, Altius Farms, Ponics Technologies, CombaGroup SA, Living Greens Farm, and Freight Farms.
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