Market Size in 2021 | Market Forecast in 2028 | CAGR (in %) | Base Year |
---|---|---|---|
USD 872.7 million | USD 1807.3 million | XX% | 2021 |
FrequentlyAsked Questions
There are no toxic fertilizers or pesticides present in the aquaponics culture's produce. The World Bank's Fertilizer Price Index is forecasting an upward trend. The fish waster, which grows in water solvents, is a wonderful natural fertilizer for these veggies. This also helps to cut down on the costs of using fertilizers in large-scale production. Furthermore, no expensive equipment is used, implying that the market is profitable in the long run.
According to the Market Research report, the global aquaponics market was worth around USD 872.7 million in 2021 and is estimated to grow to about USD 1807.293254 million by 2028, with a compound annual growth rate (CAGR) of approximately 12.9 percent over the forecast period.
Because of the increasing use of modern farming techniques and the growing demand for organic food, the North American area has the largest market share in the worldwide aquaponics industry. The Asia-Pacific region has the second-largest market share in the aquaponics industry, thanks to ongoing technological advancements.
Some of the main competitors dominating the global aquaponics market include - Aquaponic Lynx LLC, GreenLife Aquaponics, Nelson & Pade Aquaponics, The Aquaponic Source, ECF Farm systems GmbH, MyAquaponics, Backyard Aquaponics, NutraPonics Canada Corporation, Symbiotic Aquaponic, and Endless Food Systems.
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