The hydroponic and aquaponic techniques are essential for medicinal plants because crops are grown in a well-managed cultivation system irrespective of the season and temperature. Also, the system remains free from external environmental factors, such as diseases and pests, as it is fully closed and climate controlled. Thus, medicinal plant cultivation can be a good opportunity to be carried out by using hydroponic and aquaponic systems.
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The global aquaponic and hydroponic systems and equipment market is expected to grow more in the coming years with increased emphasis on alternative and vertical farming and increased government initiatives throughout the world for uplifting the global agricultural industry.
Some of the leading companies operating in the global aquaponic and hydroponic systems and equipment market are AmHydro, Aquaponic Lynx LLC, Argus Control Systems Limited, BetterGrow Hydro, Colorado Aquaponics, ECF Farmsystems, Endless Food Systems, general Hydroponics, GreenTech Agro LLC, Hydrodynamics International, Hydrofarm LLC, LivinGreen, Nelson & Pade Aquaponics, Pegasus Agriculture, PentairAES, Perth Aquaponics, and UrbanFarmers AG.
The global aquaponic and hydroponic systems and equipment market in the application segment is expected to be dominated by vegetables, followed by herbs. Vegetable growth and nourishment through aquaponics help in increasing global food production. Herbs are also preferred to grow through aquaponics as it increases global medicinal production.
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The global aquaponic and hydroponic systems and equipment market in the technique segment is expected to be dominated by nutrient-film technique, followed by the deep-water culture technique. The preference toward the nutrient-film technique is because of the low water and nutrient consumption and the versatility of the technique over other techniques.
Europe is the region that is expected to dominate the global aquaponic and hydroponic systems and equipment market during the forecast period. The high agricultural growth in this region and increased emphasis on alternative farming techniques are expected to boost the development in Europe. With better adoption of alternative farming techniques such as aquaponic and hydroponic around the world, the market is expected to flourish in the coming years. Also, with better awareness about alternative farming techniques and the benefits that these entail over conventional farming, the aquaponic and hydroponic market will be well accepted and adopted by growers around the world.
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