Aquaponics refers to gardening in a closed system to grow vegetables and fish at the same time. Aquaponics is an automatic recirculating system that mimics a natural ecosystem. Hence, it does not require much monitoring. The waste produced by the fishes & other aquatic animals can be used to provide nutrients to plants and the plants provide filtered water to fishes. Market Industry Reports (MIR) has published a new report titled “Aquaponics Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2030.” According to the report, the global needles market accounted for over US$ 552.35 Mn (estimated) in 2019. It is anticipated to grow at a healthy 22.10% CAGR from 2019 to 2030.
The global aquaponics market is driven by the factor such as changes in climatic conditions enhancing the growth of aquaponics. Moreover, aquaponics is advantageous over traditional farming methods. The continuously changing energy balance of earth has led to climatic changes that are not favourable for agricultural practice. This further leads to water & food scarcity in some regions. As a result, the demand for alternative agricultural practices, which are more sustainable is on the rise.
Major Key Players of the Aquaponics Market are:
PentairAES, Nelson & Pade Aquaponics, GreenLife Aquaponics, The Aquaponics Source, Endless Food Systems, Symbiotic Aquaponic, Practical Aquaponics, SynergyPonics, The Aquaponics Place LLC, and AquaCal, among others.
PentairAES, Nelson & Pade Aquaponics, GreenLife Aquaponics, The Aquaponics Source, Endless Food Systems, Symbiotic Aquaponic, Practical Aquaponics, SynergyPonics, The Aquaponics Place LLC, and AquaCal, among others.
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