Global Floating Farm Market Outlook for 2023-28
Markntel Advisors has conducted a comprehensive study on the Global Floating Farm market is projected to grow at a CAGR of around 14.27% during the forecast period, i.e., 2023-28. The key factor attributing to its growth is the rising inclination of governments of several countries towards sustainable agricultural practices. To meet the global sustainable development goals that countries across the globe have adopted & also to ensure food availability to all. The population worldwide is constantly growing & considering this, the demand for food grains & food products is expected to rise in the coming years. In such a scenario, the adoption of these farms is presumed to grow, as conventional farming is inadequate to further upscale the food grain production capacity & meet the growing demand.
In addition, the Global Floating Farm Market Study highlights the impact of domestic and localized market players, emerging revenue opportunities, strategic market growth analysis, product approvals, product launches, geographic expansions, and technological innovations. The objective of the report is to provide a detailed understanding of the industry, including its features, factors, and elements, along with insights into the regulatory scenario & regional dynamics that may impact market growth.
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Significant Driver: Increasing Demand for Sustainable Food Production
The soaring global population is leading to escalating the demand for sustainable food around the globe. According to the World Bank, the population is expected to reach around 9.7 billion by 2050, which positively generates the demand for food. Thus, sustainable food production helps to meet this demand while reducing the environmental impact of agriculture. In addition, the rising effect of agriculture on the environment, including soil degradation, water pollution, and greenhouse gas emissions, has become a primary concern. Sustainable farming practices, such as aquaponics & vertical farming, can help to mitigate these impacts.
Henceforth, the surging demand for sustainable food production across the globe is driving the growth of the floating farms market as farmers seek out new & innovative ways to produce food that is environmentally friendly, healthy, and economically viable. Furthermore, in the coming years, several other countries are expected to adopt these farm practices for the purpose of vegetable & fruit plantations, growing seafood, and many other purposes, which is presumed to have a positive impact on the market during 2023-28.
Global Floating Farm Industry Breakdown: Key Revenue Generating Segments
To facilitate focused analysis, the Floating Farm Market has been divided into different segments, providing shareholders with the opportunity to identify their areas of interest and the most profitable opportunities within the market. By incorporating technical trends, comprehensive analysis of the downstream & upstream value chain, as well as Porter's five forces analysis, we have diligently forecasted the industry landscape for specific regions/countries, presenting critical pointers for informed decision-making. The segments are as follows:
-By Farm Type
-Aquaculture Farm
-Agriculture Farm
-By Product Type
-Fruits & Vegetables
-Fish
-Others (Grains, etc.)
-By Equipment Type
-Cages
-Harvesting Equipment
-Monitoring System
-Tanks
-Others (Control System, Tarpaulins, etc.)
-By Technology
-Hydroponics
-Aquaponics
-Vertical Farming
-By Region
-Americas
-Europe
-The Middle East & Africa
-Asia-Pacific
Each sections offer valuable insights into the Floating Farm Market. The report includes essential pillars of the industry study, such as drivers, restraints, opportunities, and challenges. The report also provides information on industry overview, specifications, definitions, suppliers, R&D status, cost structure analysis, sources, and technological advancements, potential for improvement, applications, among others.
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Competitive Analysis of the Global Floating Farm Industry
-AgriSea
-Singapore Aquaculture Technologies
-Lingalaks AS
-SalMar ASA
-Saudi Basic Industries Corporation
-N-ARK Co. Ltd.
-Ocean Arks Tech
-AI Qamra holding
-Bangladesh Agricultural Research Institute (BARI)
-Others
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Global Floating Farm Market Research Report Answers the Following Key Questions
- How big is the Global Floating Farm Market?
- What is the projected growth rate or CAGR of the Global Floating Farm Market during 2022-27?
- What are the key trends or growth opportunities for the key players in the Global Floating Farm Market?
- Which ‘segment’ seems promising for companies operating in the Global Floating Farm Market?
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