Description
Aquaponics Market size was valued at 23.62 Million in 2021 and is estimated to reach 50.61 Million by 2028, at a CAGR of 11.5% during the forecast period 2022 to 2028 due to technological advancement in aquaponics system. Due to increasing demand of sea food and herbs and growing advanced technology in aquaculture and hydroponics are drive the growth of this industry market during the forecast period. High adoption of sea food by the most of countries peoples and ease of availability will raise this market over future time. But, lack of skilled persons and high investment cost may affect the growth of global aquaponics market. According to the projection period’s trends, the aquaponics market is a quickly rising industry, with numerous partnerships and educational research on the way. Aquaponic crops are a hybrid of aquaculture and hydroponics that are grown by farmers and the agriculture sector. These are used to increase food output. The necessity of the hour is for a pervasive system to establish a symbiotic and well-balanced environment. The same can be accomplished by utilising fish faeces, which provides much-needed nutrients to plants in the early stages of development. Additionally, the water utilised for fish rearing and plant growth is circulated inside the system. Aquaponics also contributes to sustainability and meets the growing demand for organic veggies.