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Expenditures in aquaponic operations, particularly on a commercially huge scale, are expanding due to increased urban agriculture and growth in the organic food market.Īqua species waste functions as fertilisers for the plants that grow within the watery solution, reducing fertiliser costs, farm implements, and costly farm equipment. Growing awareness regarding purity of natural produce as it is devoid of pesticides and fertilisers is pushing the market growth. The aquaponics business is expected to grow due to its economic and ecological benefits. As per research, aquaponic agriculture generates 8 times greater food per land in one-sixth of the area required by conventional agriculture. Due to increased urbanisation and industrialisation, arable lands are disappearing, which is a critical feature of aquaponic system adaptability.
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Sustainable agriculture approaches such as hydroponics, a vertical technique of farming, and arable farming, are extensively deployed.Īquaponics requires the least amount of water for the cultivation of vegetables that contribute significantly to marketplace circulation. The rising market for organic food is expected to propel the global industry forward. This not only saves a lot of water but also boosts crop productivity during periods of extreme drought.įactors Leading the Global Aquaponics Market to Grow This can be attributed to its closed-loop water-circulation system that combines fish aquaculture and vegetable cultivation. In hot, humid summer months, especially, this technology is deployed.Īquaponics finds ample usage during extreme droughts. Farmers can successfully use aquaponics technology in a business model as a cost-cutting and revenue-generating technique. Small-scale farming is expanding to include aquaponics, which is a crucial breakthrough. Meanwhile, the industry is expected to prominently expand at 8% CAGR. By the end of 2033, the market is projected to attain US$ 3,415.5 million. Newly released data by FMI shows aquaponics market size to reach US$ 1,560 million in 2023.