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Aeroponic Biopharming Market by Components (Irrigation Component, Lighting, Sensor, Climate Control, Building Material, Others) by Application (Outdoor, Indoor)- Growth, Future Prospects And Competitive Analysis, 2016 - 2028

Aeroponic biopharming is a new technique for crops that do not rely on the soil. Instead of using soil, it uses moist air to provide nutrients to plant roots. Several agricultural methods were developed in the past few decades to grow various plants in various environments. Although it was first discovered during the 1920s, aeroponics would rise to prominence in the late 90s when NASA considered it for growing crops without soil in harsh environments like space. Although aeroponics is still in its early stages, it is becoming quickly popular, especially in places where conventional farming is impossible. Aeroponics utilizes air for growing crops in an area of soil. This will be a crucial driving factor for the aeroponics biopharming market.

aeroponic-biopharming-market

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The Global Aeroponic Biopharming market is expected to witness a CAGR of 26.24% during the forecast period. The revenue generated by the global Aeroponic Biopharming market in 2021 was over USD 957.11 million and is expected to generate revenue worth USD 5,325.47 million in 2028. Therefore, the incremental growth opportunity offered by global Aeroponic Biopharming is estimated to be USD 20.92 billion between 2022 and 2028.

Interesting Facts about Aeroponic Biopharming Industry

  • The Asia Pacific dominated the global Aeroponic Biopharming market
  • Aeroponic Biopharming was invented in 1957
  • Aeroponic Biopharming facilitates maximum nutrients due to no growing medium
  • Aeroponic Biopharming is featured with higher yield as compared to traditional farming
  • Aeroponic Biopharming fosters disease free environment for plants to grow

Rapidly Shrinking Arable Land

All over the world, the amount of arable land is decreasing. In addition, environmental factors such as natural disasters and global warming worsen the rapidly increasing world population problem. As the world population continues to increase, areas once suitable for growing crops are gradually drained of nutrients due to which they can’t be used for farming. Owing to this factor, land ideal for agriculture continues to decrease in area. As a result, alternative media are needed for growing crops such as air. Hence, this is a crucial driving factor for the aeroponics biopharming market. Indoor and outdoor are two leading segments of the global Aeroponic Biopharming market. The indoor segment accounted for the majority share of the total revenue generated by the global Aeroponic Biopharming market.

Decreasing Manpower in Farming

Another critical fact to consider is that traditional farming does not have the same level of importance that it once had. Even those in farming communities, younger generations are increasingly opting for other forms of work to earn their income. As a result, the number of farmers decreases worldwide while their average age rises. However, the latest technology, such as aeroponics, is rejuvenating interest in agriculture. New methods of growing food are becoming increasingly popular.

Advancement in Farming

In aeroponics, the growth and development of plants remain the same as in other agricultural methods. What is different about aeroponics is how nutrients are delivered. Also, cultivators have greater control over environmental conditions that directly affect the plant’s growth, such as light, temperature, and water. The cultivator can control all ecological aspects since aeroponics is carried out indoors. Irrigation Components, Lighting, sensors, Climate Control, Building materials, and Others are significant components of the Aeroponic Biopharming industry. The lighting segment held the largest share of total revenue generated by the global Aeroponic Biopharming market in 2021. 

Aeroponics works by utilizing racks that are stacked vertically to support plant growth. Vital organic nutrients like potassium, phosphorus, and nitrogen are dissolved in water to form a nutrient-rich solution. Plants can absorb nutrients more efficiently when delivered directly to their roots in a mist. As a result, healthy growth of plants is possible with aeroponics. In addition, the indoor light used to grow these crops is kept within a specific range of wavelengths to optimize plant growth.

Such a method for growing plants enables them to absorb sufficient nutrients. In addition, plants are under less stress so that they can undergo healthy growth. Plants were grown via aeroponics and thus have better taste, texture, and color. These will be essential driving factors that will fuel the expansion of aeroponic biopharming.

BrightFarms Inc, Evergreen Farm Oy, AeroFarms, LettUs Grow, CombaGroup SA, Altius Farms, Ponics Technologies, Aeroponics (AERO Development Corp), Living Greens Farm, and Freight Farms are some of the leading players in global Aeroponic Biopharming market.

Frequently asked questions about global Aeroponic Biopharming industry

Likewise other industries, COVID 19 also taken a toll on Aeroponic Biopharming market with around 8.64% decline in its revenue in 2020 as compare to 2019

Asia Pacific is the largest regional market with highest share in the total revenue of Aeroponic Biopharming in 2021

Shrinking arable land, increasing urban population, etc. is driving the demand for Aeroponic Biopharming

Lighting segment dominated the Aeroponic Biopharming market in 2021 with over 25% share

Indoor segment was the largest application of Aeroponic Biopharming in 2021 with over 60% share

Aeroponic Biopharming Report Scope

Report Attribute Details
Market Value in 2021 USD 9,57.11 million
Market Value in 2028 USD 5,325.47 million
CAGR 26.24% between 2021 and 2028
Benchmarking Year 2021
Past data 2016 – 2021
Forecast period 2022 – 2028
Segments covered

Component

Irrigation Component

Lighting

Sensor

Climate Control

Building Material

Others

Application

Outdoor

Indoor

Major Players Analysed BrightFarms Inc, Evergreen Farm Oy, AeroFarms, LettUs Grow, CombaGroup SA, Altius Farms, Ponics Technologies, Aeroponics (AERO Development Corp), Living Greens Farm, and Freight Farms
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Executive Summary - Brief Global Market Size - Current & Forecast
Regional Market Size - North America
Country Market Size - US
Company Profile – 1
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Published Date:  Feb 2022
Category:  Biotechnology
Report ID:   60496
Report Format:   PDF
Pages:   132
Rating:    4.6 (43)
Delivery Time: 24 Hours to 48 Hours   
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