Friday, 30 June 2017

Bright Future for Aquaponics and Vertical Farming

A recent report by Market Research Future forecasts stable growth for the aquaponics market at the compound annual growth rate (CAGR) of 7.5% through 2022. Another report forecasts the vertical farming market will reach $6 billion by 2022, growing at a whopping CAGR of 26%.

The market growth will be driven by increasing demand for healthy, pesticide free food, and rising urban populations. A rising awareness of the healthy benefits of fish, and the increasing use of aquaponics for research purposes will also undergird the market going forward.

The Global Vertical Farming Market is expected to reach approximately USD 6 billion by 2022

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