The global aquaponic and hydroponic systems and equipment market size is expected to grow from USD 1,202.8 million in 2020 to USD 2,753.2 million by 2027, at a CAGR of 14.8% from 2021 to 2027.
The Aquaponic and Hydroponic Systems and Equipment Market refers to the market for systems and equipment used in aquaponics and hydroponics, two innovative methods of growing plants without soil. Aquaponics combines aquaculture (fish farming) and hydroponics (soil-less plant cultivation) in a symbiotic system, while hydroponics focuses solely on soil-less plant cultivation.
Here is an overview of the Aquaponic and Hydroponic Systems and Equipment Market:
Market Growth: The market for aquaponic and hydroponic systems and equipment has been experiencing significant growth due to various factors. These include the increasing demand for sustainable and efficient agricultural practices, the growing need for food production in urban areas, and the rising consumer demand for locally grown, pesticide-free produce. As a result, the market is expected to witness continued growth in the coming years.
Aquaponic Systems and Equipment: Aquaponic systems consist of a combination of fish tanks and hydroponic grow beds. The fish waste provides nutrients for the plants, and the plants, in turn, filter the water for the fish. Equipment used in aquaponic systems includes fish tanks, grow beds, water pumps, filters, aeration systems, and monitoring/control systems. These systems and equipment are designed to create a symbiotic environment that supports both fish and plant growth.
Hydroponic Systems and Equipment: Hydroponic systems involve growing plants in nutrient-rich water without soil. There are various types of hydroponic systems, including nutrient film technique (NFT), deep water culture (DWC), aeroponics, and vertical farming systems. Equipment used in hydroponic systems includes nutrient reservoirs, pumps, tubing, grow lights, grow trays, and monitoring/control systems. These system