Aeroponics Market To Reach Us$ 1,919.84 Million By 2027

Aeroponics Market Analysis (2023 - 2030)

In 2021, the global aeroponics market was worth $830.77 million. The market is estimated to reach US$ 1,919.84 million by 2027, with a CAGR of 15% from 2022 to 2027.

Aeroponics is an indoor gardening technique that involves growing and nourishing plants by suspending their root structures in the air. The procedure necessitates the application of fertilizers in a water solution regularly. Aeroponics is a way of producing plants such as fruits and vegetables without having to put them in nutrient-rich soil. In an aeroponics system, nutrients, water, and oxygen are misted onto the roots of plants. As a result, no water-holding containers or trays are required in this process. It is a cost-effective and efficient method of growing plants because it takes less water and space than traditional agricultural methods.

Due to the closure of several SMEs, logistical interruptions, lockdowns, and other issues caused by the COVID-19 pandemic, the market is anticipated to fall in 2020. Contracts were also terminated to keep costs under control. Furthermore, due to the high quality and productive outputs of vertical farms like Bowery Farming and Aero Farms, crop rot in fields as a result of disruptions in farming and supply chains has sparked the expansion of vertical farms like Bowery Farming and Aero Farms.

Vertical farming with aeroponics, on the other hand, is gaining significant traction as a result of rising consumer health concerns, as vertical farms control everything from seed to store. They also provide information to consumers about where their food comes from and how it is produced.

One of the primary reasons contributing to the market's favorable outlook is significant growth in the agriculture industry around the world. Furthermore, the increased usage of indoor farming and vertical aeroponics is propelling the industry forward. With increased consumer awareness of health issues, consumers are shifting their preferences toward organic and disease-free foods, necessitating the use of more efficient aeroponics systems. Synthetic fertilizers, insecticides, and growth regulators are not required for organic food grown in aeroponic farming systems. In conjunction with this, decreasing the amount of arable land available for traditional agricultural operations is also helping to boost the market. Furthermore, technical improvements such as the development of automated lighting and irrigation systems, smartphone application-based monitoring systems, and greenhouse solutions with retractable roofs are boosting market expansion. Other factors such as intensive research and development (R&D), as well as the implementation of favorable government regulations, are estimated to propel the industry forward.

Many individuals still have reservations about eating vegetables grown in aeroponics because they prefer the old-fashioned way of farming. Many individuals argue that because current farming techniques are not developed organically, they may be hazardous to the environment. Vertical farming, unlike traditional farming, necessitates the use of trained professionals in the field of agriculture. However, because agriculture is not a popular topic of education in the business world, few people are experts in the field.

Key Market Insights:

• Customers are becoming more aware of the origins of the raw ingredients used in culinary goods these days. Customers are increasingly demanding chemical-free and sustainable food products as their awareness of health and food grow. As a result, customers are increasingly prepared to spend money on natural and organic food products to maintain a healthy lifestyle. Agriculturalists are introducing organic aeroponics technologies in response to the increased demand for natural and organic food items.
• Indoor farming reduces the environmental impact of farming while increasing crop productivity by reducing the need for long-distance commodity supply. When compared to traditional farming, using vertically stacked growing shelves reduces the amount of ground space required to raise crops. Indoor vertical farming allows more crops to be harvested per square meter of cultivating area. One acre of indoor area generates the same amount of output as 4-6 acres of outdoor land. Around 30 percent of farmed arable land has been lost in the last 40 years due to damaging practices such as pollution and urban encroachment, which affect both poor soil health and topsoil erosion.Furthermore, the use of technology, such as LED indoor farming to mimic natural settings, would aid farmers in meeting the rising need for food. Over the projected period, all of the aforementioned causes are estimated to expand the indoor farming approach.
• North America has the greatest market share of the global aeroponics market by geography in 2021, and it is estimated to remain the largest regional market throughout the forecast year. This is due to the widespread use of indoor farming in North America over the last two decades. Farmers have been able to expand their operations and offer unique goods thanks to technological improvements in indoor farming. One of the country's largest indoor aeroponic farms is located at Living Greens Farm (LGF). The Living Greens Farm is a 60,000-square-foot indoor farm that grows a wide range of fruits and vegetables. The living green farm can generate over 3 million heads of high-quality lettuce.Urban farms have been established in Cleveland, New York, Chicago, and other U.S. cities, however, the industry is not only based in the United States. Mexico and Canada are also seeing substantial growth in North American vertical agricultural operations.

MARKET SEGMENTATION:

By Components

• Sensors

• Lighting
• Irrigation Components
• Climate Control
• Building Material
• Others

By Method

• Indoor Farming
• Outdoor Farming

By Basis of Solutions 

• Organic
• Conventional

By Application

• Commercial
• Residential

By Geography

• North America

• Europe

• Asia-Pacific

• Latin America

• The Middle East and Africa

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