Floating Farm Market Forecast 2028: Key Players & Emerging Trends

 


Future Global Floating Farm Market: Key Dynamics, Size & Share Analysis

The Global Floating Farm market is projected to grow at a CAGR of around 14.27% during the forecast period, i.e., 2023-28.

Top Driver Impacting the Global Floating Farm Market Growth

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.

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Understanding the Core Segments in the Floating Farm Market

Floating Farm Market Size, Share & Industry Trends Analysis - By Farm Type (Aquaculture Farm, Agriculture Farm), By Product Type (Fruits & Vegetables, Fish, Others), By Equipment Type (Cages, Harvesting Equipment, Monitoring System, Tanks, Others), By Technology (Hydroponics, Aquaponics, Vertical Farming),

Geographical Analysis of the Floating Farm Market

-By Region

  • North America
  • South America
  • Europe
  • The Middle East & Africa
  • Asia-Pacific

Of all the regions across the globe, Asia-Pacific is anticipated to witness greater adoption of floating farm practices because of the limited availability of land & the greater demand for food products due to the high population density in the region.

Who Dominates the Floating Farm Market Insights on Key Industry Players?

Companies are strengthening their presence in the Floating Farm market by adopting strategies such as forming strategic alliances, leveraging AI, entering partnerships, pursuing mergers and acquisitions, expanding into new regions, and introducing innovative products and services.

  • 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

Tap into future trends and opportunities shaping the Floating Farm view the complete report: https://www.marknteladvisors.com/research-library/floating-farm-market.html

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