Aquaponics and Hydroponics Systems & Equipment Market Analysis and Forecast (2017-2022)

The world is facing several serious environmental issues, out of food safety and security is one of the most significant. The United Nations Food and Agriculture (FAO) estimated that by 2050 because of the increasing living standards and population boom, the world’s food requirement will get doubled from its current stage. Increasing food prices from the year 2008 to 2010 have depicted that the food supply is no longer meeting the desired demand from the consumers end. The rising concerns about food security because of increasing population and urbanization have propelled the growers to grow the fruits and vegetables with the help of hydroponics and aquaponic systems. Therefore, various countries across the globe are investing into the development of vertical hydroponic and aquaponic farms which are expected to be cost effective solution as compared with traditional farming.

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The leading players in the aquaponics and hydroponics systems and equipment market are working constantly to meet the growing food demand with the help of hydroponic systems. Pegasus Agriculture, one of the leading companies in the segment, has developed modern hydroponic farms in the Middle East and Africa region for farming purpose. The development of these hydroponic farms in the region will assist in decreasing the frequency of imports as a result of which the countries in the region would be self-sufficient and closer to the food security concept.

Food security will be more significant in the coming years due to climatic changes, water crises, growing population and land degradation, which will further increase the importance of using aquaponic and hydroponic technology to meet the increasing food security.

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