11:28, 15/03/2024
The global floating farms market growth is expected to register a significant CAGR over the forecast period of 20210-2030. An increase in global demand for food is a significant factor contributing to revenue growth of the market. Rapid climate change and erratic weather patterns have significantly impacted agricultural output; therefore, it is unable to meet the growing demand. This has led to increased demand for alternative and sustainable farming practices such as vertical farming and floating farming. According to a research conducted by Buckminster Fuller Institute, food demand is expected to rise 50% by 2030 and approximately 70% by 2050. Floating farms allow the cultivation of food crops and livestock in urban areas by building a structure in water bodies. This is expected to drive revenue growth significantly during the forecast period. Also, according to a research conducted by the United Nations (UN), population dynamics specifically is expected to concentrate over Africa and South Asia. Changing population demographics is persistent and is expected to add to the widespread hunger and malnutrition, and hence, to meet demand, advancements in farming technologically are expected to drive revenue growth for the floating farms market.
The report also studies business strategies and strategic alliances undertaken by companies to gain a robust footing in the market. The report sheds light on the mergers and acquisitions, collaborations, joint ventures, brand promotions and product launches, agreements and partnerships, and corporate and government deals. The comprehensive analysis of the competitive landscape offers the readers a deeper understanding about the competitors.
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Competitive Terrain:
The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Floating Farms market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.
The leading market contenders listed in the report are:
AgriSea, Singapore Aquaculture Technologies, Bangladesh Agricultural Research Institute (BARI), Qingdao Conson Development Group Co Ltd, SalMar ASA, Lingalaks AS, Saudi Basic Industries Corporation (SABIC), Ocean Arks Tech., Al Qamra holding, Ocean Era, Inc.
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Emergen Research has segmented the global Floating Farms market on the basis of type, application, end-use, and region:
The various regions analyzed in the report include:
Key Objectives of the Report:
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