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
Published Date: May - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Agriculture | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationSandponics/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
Global sandponics/IAVs market is anticipated to grow at a rapid pace in the forecast period, 2024-2028. This is attributed to the rising food demand, increase in research and development activities (R&D), and rapid change in the climatic conditions. Sandponics, also known as Integrated Aqua-Vegeculture systems (IAVs), is a type of hydroponic system that uses sand as a substrate for plant growth, while integrating aquaculture and hydroponics to create a closed-loop system. It is a sustainable and promising means of cultivating a variety of crops, including vegetables, fruits, and vines.
According to the recently published Global Report on Food Crisis 2022, around 205 million individuals in 45 nations will encounter acute food insecurity and require immediate assistance.
Increasing Food Insecurity
According to the 2020 edition of the State of Food Security and Nutrition in the World Report, between 720 to 811 million people in the world faced hunger in 2020.
Increasing Technological Advancements
Growing advancements in tools and techniques are expected to significantly boost the Sandponics/IAVs Market. As a relatively new and innovative skill, there is still much room for improvement in the sandponics/IAVs systems, and new technologies are constantly being developed to enhance their efficiency, productivity, and sustainability. One example of technological advancement in the sandponics/IAVs market is the development of sensors and Internet of Things (IoT) technologies to optimize plant growth and reduce resource waste. These sensors can monitor various environmental conditions, such as temperature, humidity, and nutrient levels, and adjust the system's settings accordingly to ensure optimal growing conditions for the plants. This not only helps to maximize crop yields but also reduces water and nutrient waste, making sandponics/IAVs systems even more sustainable.
Another example of technological advancement is the development of automation and robotics for sandponics/IAVs systems. Automated systems can perform tasks such as planting, harvesting, and nutrient application, reducing the need for manual labor and improving efficiency. Robotics can also help to reduce the risk of contamination, as they can perform tasks without the need for human intervention. Furthermore, advancements in LED lighting technology have also improved the efficiency and sustainability of sandponics/IAVs systems. LED lights can provide the specific light spectrum needed for optimal plant growth while using less energy than traditional lighting systems.
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Increasing Government Support
Government policies and incentives can have a significant impact on the sandponics/IAVs market. Policies and incentives that promote sustainable and efficient food production can encourage investment in sandponics/IAVs systems, making them more accessible and attractive to farmers and investors. One example of government policies and incentives that can influence the sandponics/IAVs market is subsidies for renewable energy and water conservation. These policies can help to reduce the cost of energy and water for sandponics/IAVs systems, making them more financially feasible for farmers and investors. Tax incentives and grants can also provide financial support to farmers and investors looking to adopt sandponics/IAVs systems. Another example is government support for research and development in sandponics/IAVs technology. Funding for research and development can lead to new technologies and innovations that improve the efficiency and productivity of sandponics/IAVs systems, making them even more attractive to farmers and investors. Furthermore, policies and incentives that promote sustainable food production and address climate change can also have a positive impact on the sandponics/IAVs market. For example, policies that promote sustainable land use and reduce greenhouse gas emissions can create a market for sustainable food production systems like sandponics/IAVs.
Surge in Demand for Locally Grown Produce
According to a Statista survey conducted in 2022, 70 percent of Indians preferred to buy locally produced products over imported products.
Market Segmentation
Global sandponics/IAVs market is segmented into produce, application, company, and region. Based on produce, the global sandponics/IAVs market is segmented into fruits & vegetables, and fish. Based on fruits & vegetables, the global sandponics/IAVs market is divided into kale, tomato, sweet potato, Swiss chard, and others. Based on application, the global sandponics/IAVs market is segmented into commercials, residential, and others. In terms of region, the market is divided into North America, Europe, Asia-Pacific, and Middle East and Africa. The Middle East and Africa region dominated the global sandponics/IAVs market on account of the rapid change in climatic conditions along with an increase in the food demand there.
Market Players
Sandponics Jordan, Sumitomo Electric Industries, Ltd., Kiwa, Agritecture, Sandponic Egypt, MyAquaponics PTY Ltd, and AQ&SA ponics Es are some of the major leading players of the global sandponics/IAVs market.
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Attribute |
Details |
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Base
Year |
2022 |
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Historical
Data |
2018 – 2021 |
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Estimated
Year |
2023 |
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Forecast
Period |
2024 – 2028 |
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Quantitative
Units |
Revenue
in USD Million and CAGR for 2018-2022 and 2023E-2028F |
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Report
Coverage |
Revenue
forecast, company share, competitive landscape, growth factors, and trends |
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Segments
Covered |
Produce Application
Region
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Regional
Scope |
North
America; Europe; Asia-Pacific; and Middle East and Africa |
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Country
Scope |
United
States, Canada, United Kingdom, Italy, Spain, India, China, Thailand,
Australia, Israel, Jordan, UAE, Egypt, Saudi Arabia, and Oman |
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Key
Companies Profiled |
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Customization
Scope |
10%
free report customization with purchase. Addition or alteration to country,
regional & segment scope. |
|
Pricing
and Purchase Options |
Avail
customized purchase options to meet your exact research needs. Explore purchase options |
|
Delivery
Format |
PDF
and Excel through Email (We can also provide the editable version of the
report in PPT/Word format on special request) |
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