Wilmington, April 20, 2021: Axiom Market Research & Consulting (TM) added a report on the Global Aeroponics Farming market. The study covers the analysis of economic indicators of major countries along with GDP, the impact of COVID-19 on global agriculture appliances industry, government policies, business investments, key marketing strategies, etc. The Global Aeroponics Farming market is projected to grow at a CAGR of 23.70% over the forecast period of 2021 to 2027. The market is estimated and forecasted in terms of revenue (USD million).
Aeroponics is the process of growing plants in an air or mist environment without the use of soil or an aggregate medium. Aeroponic culture differs from both conventional hydroponics, aquaponics, and in-vitro growing. Aeroponics is conducted without a growing medium. Clean air supplies oxygen which is an excellent purifier for the plants and the aeroponics environment.
The key competitor of the market includes Signify (Netherlands), Osram (Germany), Aerofarms (US), Plenty (US), Valoya (Finland), Apread Co.,Ltd. (Japan), Plenty (US), Living Greens Farm Inc. (India), Saveer Biotech Ltd (India), Ponics Technology (U.S), Lettus Grow (Bristol), Altius Farms (Colorado), CombaGroup SA (Switzerland), Evergreen Farm Oy (Finland) BrightFarmsInc (U.S), and among others.
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The Global Aeroponics farming market is analyzed based on application, components, and geography. Aeroponics farming market applications include indoor and outdoor farming. Indoor farming includes a poly greenhouse, indoor vertical farms, container farms and other facility types. The various components of aeroponics farming included in the study are irrigation components, lighting, sensor, climate control, building material, etc. The market is studied across major countries of North America, Europe, Asia Pacific and the Rest of the World.
The demand for the aeroponics industry is anticipated to rise rapidly during the forecast period, due to the increase in acceptance of organic food and disease-free environment in the agriculture sector. The technologies used in this farming enable to keep track of plant growth and harvesting, which further drives the market growth. The rise in population and growth in urbanization has increased the requirement of food and food security among different governments globally are the factor attributing the growth of the market.
Research Objectives of Aeroponics farming Market Report:
- Analyzing the outlook of the market with the recent trends and Porter’s five forces analysis.
- Market dynamics, which essentially consider the factors that are impelling the present market scenario, along with growth prospects of the market over the forecast period.
- Market segmentation analysis, including qualitative and quantitative research, incorporating the impact of economic and non-economic aspects.
- Country-level analysis, integrating the demand and supply forces that are influencing the growth of the Aeroponics Farming Market.
- Competitive landscape involving the market share of major players, along with the key strategies adopted for development over the past five years.
- Comprehensive company profiles, covering the product offerings, key financial information, recent developments, and strategies employed by the major market players
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