Aquaponics Market: Overview
A combination of hydroponics and the aquaculture is the aquaponics and it is a highly useful water-based system. The arrangement is made in such a way that a variety of fishes which includes carp, tilapia, koi, goldfish, crappie, brim, and bass along with the plants such as lettuce and chives are grown together. The wastes from the fish such as ammonia and nitrates are harmful to the fishes but are beneficial for the growth of the plants.
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Aquaponics Market: Facts
The term Aquaponics was derived in 1970, but this concept was practiced anciently. The article Aquaponics: A brief history states that aquaponics was practiced in lowland Maya which was followed by the Aztecs, who cultivated the plants on the rafts on the lake surface. It also states that it was also practiced in the regions such as Thailand, South China, and Indonesia.
Aquaponics Market: Segmentation
The global market for the aquaponics is fragmented into its equipment, components, and produce. On the basis of equipment, the global market is segregated into water heaters, aeration systems, grow lights, pumps, and valves. On the basis of the components, the market is categorized into settling basin, biofilter, rearing tanks, sump, and hydroponics. On the basis of produce, the market is bifurcated into fish, herb, fruits, and vegetables.
Aquaponics Market: Growth Factors
The key factor that is driving the aquaponics market is the huge amount of the technological advancement that is made in this field. The benefit of using the aquaponics is that it enhances the overall productivity and that too with minimum inputs in the aquaculture and agriculture practices. This is a cost effective way of increasing the productivity thus propelling the market to grow in the coming years. Another factor that is driving the aquaponics market is that it benefits to have diversification of the income streams. Aquaponics helps in the production of the vegetables, herbs, leafy green vegetables along with crayfish, mushrooms, fish, worms, and much more. There are certain factors that will affect the growth of the market negatively which includes the high cost at the initial stage of the system set up of the aquaponics and the investment that is required for the technical installation of the system.
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Aquaponics Market: Regional Analysis
The regions that are having the maximum share in the aquaponics market are Europe and North America. Other regions such as Latin America, Asia Pacific, and the Middle East and Africa regions will have a significant rate of growth opportunities in the aquaponics market. The factors that are promoting the growth of the aquaponics market in North America and Europe are the growing technological developments that are made in these regions, increasing rate of investments that are made by the stakeholders, and the growing demand for the organic products.
Aquaponics Market: Competitive Players
The key market players that are involved in the aquaponics market include Greenlife Aquaponics, Backyard Aquaponics Pty Ltd., UrbanFarmers AG, Nelson and Pade Inc., Ultrasonics Canada Corporation, Aquaponic Lynx LLC, Aqua Allotments, The Aquaponic Source, ECF Farmsystems GmbH, and My Aquaponics.
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Aquaponics Market: Regional Segment Analysis
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
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