According to the global aeroponics market report by IMARC Group, the market reached a value of US$ 824.77 Million in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 1,929.74 Million by 2027, exhibiting a CAGR of 14.40% during 2022-2027.
Aeroponics refers to the process of growing plants in the air by suspending their roots and spraying them with enriched nutrient solutions in a mist-based environment. It uses sensors, lighting, low-pressure and high-pressure ultrasonic fogger systems, and climate control monitors. It offers a higher crop yield, uses minimal water and space, promotes faster plant growth, facilitates year-round production, prevents pest infection, and has minimal maintenance requirements compared to traditional farming practices. As a result, aeroponics is widely utilized for growing green leafy vegetables, vine plants, herbs, and fruits.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Aeroponics Market Trends and Drivers:
The market is primarily driven by significant growth in the agricultural industry. In addition, the rising adoption of indoor farming practices and vertical aeroponics due to the shifting consumer preferences toward organic products is providing a positive outlook to the market. Besides this, organic food acquired through aeroponic farming systems does not require synthetic fertilizers, growth regulators, and pesticides.
This, coupled with several technological advancements, such as the development of smartphone application-based monitoring systems, automated lighting and irrigation systems, and greenhouse solutions with retractable roofs, are positively influencing the market growth. Furthermore, extensive research and development (R&D) activities and reducing arable land for traditional farming practices are also propelling the market growth.
Global Aeroponics Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these top key players include:
AERO Development Corp, AeroFarms, Altius Farms, BrightFarms, CleanGreens Solutions SA, Evergreen Farm Oy, Freight Farms Inc., LettUs Grow Ltd., Living Greens Farm Inc. and Ponics Technologies.
The report has segmented the market on the basis of region, component and application.
Breakup by Component:
• Irrigation Component
• Climate Control
• Building Material
Breakup by Application:
• Indoor Farming
• Outdoor Farming
Breakup by Region:
• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa
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Key highlights of the report:
• Market Performance (2016-2021)
• Market Outlook (2022- 2027)
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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