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

Published Date: Feb 2022
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Report ID: 60496
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Report Format: PDF
Biotechnology
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Pages: 132
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Rating: 4.6 (43)

Aeroponic biopharming is a new technique of growing crops that do not rely on the soil. Instead of using soil, it uses moist air to provide nutrients to plant roots. Several agricultural techniques were developed in the past few decades to grow all kinds of 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 not possible. Aeroponics utilizes air for growing crops in place of soil. This will prove to be a key driving factor for the aeroponics biopharming market.

aeroponic-biopharming-market

Global Aeroponic Biopharming market is expected to witness 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 expected to generate revenue worth USD 5,325.47 million in 2028. The incremental growth opportunity offered by the global Aeroponic Biopharming is estimated to be USD 20.92 billion between 2022 and 2028.     

Interesting Facts about Aeroponic Biopharming Industry

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

Rapidly Shrinking Arable Land

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

Decreasing Manpower in Farming

Another key 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 is decreasing around the world while their average age is rising. 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 environmental aspects since aeroponics is carried out indoors. Irrigation Component, Lighting, Sensor, Climate Control, Building Material and Others are major components of Aeroponic Biopharming industry. Lighting segment held the largest share of total revenue generated by global Aeroponic Biopharming market in 2021.  

Aeroponics works by means of 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 easily when delivered in the form of mist directly to their roots. As a result, healthy growth of plants is possible with aeroponics. The indoor light used to grow these crops is kept within a certain range of wavelengths to optimize plant growth.

Such a method for growing plants enables them to absorb sufficient nutrients. Plants are under less stress this way, due to which they can undergo healthy growth. Plants grown via aeroponics thus have better taste, texture, and colour. These will prove to be important 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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