Global Floating Farm Market Trends and Forecast 2028: Growth & Market Size

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

Global Floating Farm Market Dynamics:

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.

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Market Dimensions & Projections

·        Pricing Evaluation

·        Recent Strategic Moves by Companies

·        Primary Stakeholders

·        Import/Export Trend Analysis

·        Competitive Landscape Assessment

·        Emerging Opportunities

·        Market Trends and Indicators

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Global Floating Farm Market Segmentation:

The market report categorizes the market based on different segments and geographical analysis.

Study Timeline:

-Base Year: 2022

-Historical Period: 2018 to 2021

-Forecast Period: 2023-28

• 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

Competitive Landscape

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including -   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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