0
2019
North America Aeroponics Farming Market

North America Aeroponics Farming Market

by Component (Irrigation Component, Lightning, Sensor, Climate Control, Building Materials, and Others): Region Opportunity Analysis and Industry Forecast, 2017 - 2025
Update Available On-Demand

Report Code: A04835
Pages: 40
Mar 2019 | 11000 Views
Author(s) : Haimantee Mahato & Divyanshi Tewari
Tables: 4
Charts: 05
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North America Aeroponics Farming Market Outlook - 2025

The North America Aeroponics Farming was valued at $126.2 million in 2017, and is projected to reach $759.4 million by 2025, registering a CAGR of 25.5% from 2018 to 2025.

Aeroponics is an indoor gardening practice in which plants are grown and nourished by suspending their root structures in air. The process requires regular spraying of nutrients and water solution. Moreover, it offers an efficient means to grow plants, including fruits and vegetables, without the need to pot the plants to nutrient-rich soil. The plants are suspended in an enclosed setting and water, mixed with plant food, is sprayed onto the roots. North America Aeroponics Farming Market is driven by aeroponics systems that are frequently employed in an enclosed environment such as a greenhouse so that the temperature and humidity can be accurately regulated. The North America Aeroponics Market analysis provides in-depth coverage of the aeroponics systems used across the region. Moreover, the analysis also covers the North America Aeroponics Farming Market Forecast for the aeroponics components for the upcoming years.

 

The future of agriculture is unfolding in Newark, and is expected to set up a new standard in agricultural production. The world biggest aeroponics farm in the world is under construction, with 6400 m2 of cultivated spaces without soil. The infrastructure is developed by AeroFarms, and is fueled by photovoltaic panels, which is expected to produce over two million kg of vegetables per year. In addition, the UAE received its first vertical aeroponics farm in January 2018 from Indoor Farms of America, an America vertical farming industry. The farm is located in Dubai and is set to open for business in the coming months.

Factors such as increase in popularity of organic foods, limited arable land for agriculture, and rise in popularity of diseasefree environment in agriculture drive the growth of the North America aeroponics farming market share across North America. However, high initial investment to acquire the technology acts as a major barrier, which hampers the North America aeroponics farming market growth. On the contrary, increase in urban population and technological advancements replacing traditional farming methods are anticipated to offer lucrative opportunities for the North America aeroponics farming market growth.

Segmentation

The North America aeroponics farming market size is segmented into by component and country. Based on component, the market is classified into irrigation component, lightning, sensor, climate control, building material, and others. Country wise, it is analyzed across the U.S., Canada, and Mexico.

 

Top Impacting Factors

Factors such as increase in popularity of organic foods, limited arable land for agriculture, rise in popularity of disease-free environment in agriculture, and high initial investments to acquire the technology impact the growth of the America aeroponics farming marke. Moreover, the North America aeroponics market opportunity is affected by factors such as increase in urban population and technological advancements replacing traditional farming. These factors are anticipated to either drive or hamper the North America aeroponics farming market trends.

 

Increase in popularity of organic foods

Organic food refers to the products obtained through farming system that does not use synthetic fertilizers, pesticides, and growth regulators. In the present scenario, people across the globe have become increasingly aware about the source of food that they consume on a daily basis. This results in increased demand for organic food. For instance, in North America, the sale of organic food has witnessed significant growth over the past few years.

High initial investments to acquire the technology

The aeroponics farming market is expected to grow at a significant rate in the near future, owing to increase in demand for crops and use of effective agriculture techniques. However, the adoption of aeroponics farming incurs heavy initial investment, which restrains the growth of the market. Moreover, high requirement for skilled workforce adds to the overall cost of cultivators. Aggregate aeroponics farming method is used to deliver the passive medium and nutrient solution into the plant root, which is more expensive than other agriculture methods. Moreover, farmers are not completely aware of the operational and technological benefits of complete aeroponics farming method, which acts as one of the key restraining factors of the North America aeroponics farming market.

Technological advancements replacing traditional farming

Aeroponics farming is a technology-based approach toward food production. The farming technique is dependent on various technologies such as usage of smart LED lights, smart data monitoring, pest management, smart size scaling, maintenance, temperature, and humidity. The adoption of smart technologies in this farming technique promotes superior quality foods, faster harvest cycle, year-round crop growing facilities, less water consumption, and improved crop predictability. Usage of such enhanced technologies in aeroponics farming techniques provides lucrative opportunities and assists in market expansion.

 

Key Benefits for North America Aeroponics Farming Market:

  • This study includes the analytical depiction of the North America aeroponics farming industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The North America aeroponics farming market report presents information regarding the key drivers, restraints, and opportunities.
  • The current market is quantitatively analyzed from 2017 to 2025 to highlight the financial competency of the industry.
  • Porters five forces analysis illustrates the potency of the buyers and suppliers in the industry.

Stakeholders

  • Technology Investors
  • Technology Providers
  • Venture Capitalists
  • Alliances, Forums, Associations, and Government Bodies
  • Private Equity Firms
  • Others
  • AEROPONICS FARMING MARKET SEGMENTATION

By Component

  • Irrigation Component
  • Lightning
  • Sensor
  • Climate Control
  • Building Material
  • Others

By Country

  • U.S.
  • Canada
  • Mexico

 

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Aeroponics is the process of growing plans in an air or mist environment without the use of soil. The key benefit of using aeroponics system is the usage of limited space as opposed to the traditional farming techniques. Growing plans aeroponically is considered to be safe and ecologically beneficial to cultivate healthy, nutritious, and natural food crops. Aeroponics farming techniques utilize considerably less energy, conserve water, promote faster growth as compared to other conventional means, and assist in rapid & disease-free plants growth.

Aeroponics system offers the possibility to enhance crop production and diminish costs as compared to traditional farming methods or to any other alternate technique of farming. Moreover, it successfully utilizes every vertical distance for either farming or production of the greenhouse. Every area available in greenhouse is used for maximum production of food per area. This technique does not use pesticides in addition to zero harmful waste production in the environment. The controlled environment of aeroponics has the capability to produce approximately 70% more yield as compared to traditional agriculture.

The key players profiled in this report include Evergreen Farm Grow360, Bright Agrotech (Plenty), Freight Farms, and Aerofarms.

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