Transparency Market Research, based in Albany, N.Y., suggests that as the aquaculture industry moves to more sustainable production, widespread demand for eco-friendly, high-end media filters will grow. The report projects that the global bio filter market could garner an annual growth rate of up to US$3 billion by 2027.
As more aquaculture producers look to the efficacy of recirculating aquaculture systems (RAS), bio filter manufacturers must ramp up research and development for cost-effective solutions. The high cost of RAS discourages many small fish farmers from adopting this technology, so the report says manufacturers must be conscious to meet this demand.
The report claims that fish farmers in export regions, most notable in Africa and Asia, lack knowledge of the capabilities of advanced filtration media. This has caused a “restrained potential for the global bio filter market.” However, as government bodies and non-profit organizations continue to encourage sustainable aquaculture production, the market could soon open up.
The 150-page report analyzed the bio filter market growth in more than 30 countries, including the United States, Canada, United Kingdom, France, Italy, Russia, Poland, Benelux, Japan, India and South Korea.
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