Rising global water scarcity is expected to propel the growth of the sandponics-IAVs market from 2024 to 2028.
According to TechSci Research report, “Sandponics/IAVs Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028”, the global sandponics/IAVs market is anticipated to grow at a significant rate in the forecast period, 2024-2028. This is attributed to the significant increase in research and development activities, increasing food insecurity, and others. Also, the growing demand for sustainable agriculture is a significant factor influencing the sandponics/IAVs market.
Sandponics/IAVs systems are a sustainable and environmentally friendly method of agriculture that uses less water and fewer resources than traditional farming methods. As consumers become more aware of the environmental impact of food production, the demand for sustainable agriculture is likely to increase, which could lead to a greater demand for sandponics/IAVs system.
However, the high initial capital investment along with the lack of specialized technical knowledge and skills to set up and operate effectively, the market is expected to hamper the growth of the global sandponics/IAVs market. Besides, the lack of awareness among farmers about the various alternative techniques is expected to slow down the growth of the global sandponics/IAVs market in the coming years.
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Global sandponics/IAVs market is segmented into produce, application, region, and company.
Based on produce, the global sandponics/IAVs market is segmented into fruits & vegetables and fishes. The fruits & vegetables segment is expected to hold the largest market share as there is an increase in demand for food diversity worldwide.
Based on application, the global sandponics/IAVs market is divided into commercial, residential, and others. The commercial segment is expected to witness the largest market share.
Major companies operating in global sandponics/IAVs market are:
- Sandponics Jordan
- Sumitomo Electric Industries, Ltd.
- Kiwa
- Agritecture
- Sandponic Egypt
- MyAquaponics PTY Ltd
- AQ&SA ponics Es
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“Middle East and Africa region dominates the market and is expected to maintain its dominance in the coming years. This is attributed to the ability of sandponics systems to operate in environments with limited access to water and arable land as well. These qualities makes them an ideal solution for providing food security in areas that are prone to droughts and other extreme weather conditions.
Also, by providing a reliable source of fresh produce, sandponics systems can help to reduce food insecurity and promote sustainable agriculture in these regions. The need for resilient food supply chains in the region are expected to propel the global sandponics/IAVs market growth through 2028” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Sandponics/IAVs Market -Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028, Segmented By Produce (Fruits & Vegetables and Fishes), By Application (Commercial, Residential, and Others), By Region and Competition”, has evaluated the future growth potential of global sandponics/IAVs market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the global sandponics/IAVs market.
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