The Asia Pacific Aquaponics Market would witness market growth of 14.4% CAGR during the forecast period (2023-2030).
Aquaponics promotes the idea of Green Space offices. Companies and organizations from all around the region are showcasing their commitment to "sustainability" by installing these devices in their offices. Education, employee health, and fresh fruit and herbs for the cafeteria are just a few benefits they offer at work. The use of organic farming in the workplace will soon have a significant positive impact on the market.
All the benefits it offers over conventional agricultural methods drive the market's expansion. Although fish are harmed when fish excrement breaks down into nitrates and ammonia, plants benefit because it gives them the extra nutrients they require to thrive. This creates a very sustainable natural system because natural food is accessible to aquaculture & plants for growth and productivity. Many different cultures breed fish and grow crops for food using this source. Rice paddies are grown with an emphasis on development employing techniques from recent years in China and Thailand.
During severe droughts, aquaponics is widely used due to the system's closed-loop water circulation, which mixes fish aquaculture & vegetable farming. This increases crop output during acute drought instances while saving a significant amount of water. Aquaponics is a vital innovation that is being incorporated into small-scale farming. Farmers who want to reduce costs and increase revenue might incorporate this technology into their business plan. Particularly in the hot, muggy summer months, this technique is used extensively.
The market is primarily driven by India's expanding usage of grow lights in agriculture. They also support the preservation of the greatest yield & plant quality to meet the expanding food needs of the country. The demand for grow lights is also rising due to the government of India's expanding investments in research and development (R&D) initiatives to promote developments in agricultural science. The Indian government has significantly contributed to the growth and advancement of agriculture in India. The government is working hard to encourage the growth of agriculture through the Ministry of Agriculture by establishing several programs. These factors are propelling this trend.
The China market dominated the Asia Pacific Aquaponics Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $198.4 million by 2030. The Japan market is anticipated to grow at a CAGR of 13.7% during (2023 - 2030). Additionally, The India market would exhibit a CAGR of 15.1% during (2023 - 2030).
Based on Facility Type, the market is segmented into Greenhouse, Building Based Indoor Farms and Others. Based on Equipment, the market is segmented into Pumps & Valves, Grow Light, Aeration Systems, Water Heaters and Others. Based on Component, the market is segmented into Rearing Tank, Settling Basin, Bio-Filters, Sump Tank, and Others. Based on Produce, the market is segmented into Fish, Fruits & Vegetables and Others. Based on Application, the market is segmented into Commercial, Home Production and Research & Education. Based on Growing Mechanism, the market is segmented into Media Filled Grow Beds, Nutrient Film Technique (NFT), Deep Water Culture (DWC) and Vertical Aquaponics. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Aquaponics Market is Projected to reach USD 2.3 Billion by 2030, at a CAGR of 13.7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Nelson and Pade, Inc., The Aquaponic Source, Inc., Practical Aquaponics (Pty)Ltd., Green Life Aquaponics, Backyard Aquaponics Pty Ltd, Aquaponic Lynx LLC, Portable Farms Aquaponics Systems, Stuppy Greenhouse, Inc., Aquaponik manufactory GmbH and Aponic Ltd.
By Facility Type
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By Component
By Produce
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By Growing Mechanism
By Country
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