Business

Floating Farm Market Size, Share, Growth Insight – 14.27% Estimated CAGR Growth By 2028

April 4, 2024
wasimark

How big is the Global Floating Farm market?

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

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Key Trend: Technological Advancements to Improve the Overall Efficiency of the Farms

The advancement in technology, including the usage of data, advanced analytics, etc., has entitled the operation of sensors & monitoring equipment in the floating farm setup. The utilization of technology has enabled efficiency in framing practices & improvements in overall productivity levels. For instance, the usage of water sensors in these farms’ watering system allows the farmer to monitor the salinity of the water, its ph level, and dissolved oxygen levels. The information enables the farmer to use fertilizers & pesticides following the requirement, which, in turn, leads to improved productivity levels.

Further, the farms enabled with such sensors & monitoring devices are becoming increasingly important in modern floating farm practices. It allows the farmers to make informed decisions, optimize their operational activities to reduce risk & improve the overall productivity levels of the farms. This, in turn, is anticipated to lead to the higher adoption of these farms by farmers across the globe, therefore positively impacting the market during the forthcoming period.

Leading Companies in the Global Floating Farm market:

  • 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

Explore Full Market Research Report – https://www.marknteladvisors.com/research-library/floating-farm-market.html

Global Floating Farm Market Segmentation:

By Farm Type

  • Aquaculture Farm
  • Agriculture Farm

Aquaculture farming is anticipated to hold the dominant share in the Global Floating Farm market, as it has the potential to provide a reliable source of protein & other essential nutrients, particularly in areas where traditional farming practices are limited.

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

Regional/ Countries Insight:

  • 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.

Note: Should you require specific information beyond the current scope of the report, we are prepared to furnish it as part of our customization services.

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