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Food Crops Grown Under Cover Market Key Drivers, Segments, Size And Forecast To 2032
Food Crops Grown Under Cover Market Analysis
The Business Research Company's Food Crops Grown Under Cover Global Market Report 2023 identifies increasing demand for organic food as the major driver for the food crops grown under cover market's growth in the forecast period. Organic foods are grown and processed without the use of synthetic pesticides, fertilizers, or genetically modified organisms (GMOs), which can be harmful to both human health and the environment. The demand for organic food has been increasing in recent years as more and more people become aware of the benefits of consuming organic products.
The global food crops grown under cover market size is expected to grow from $50.43 billion in 2022 to $57.36 billion in 2023 at a compound annual growth rate (CAGR) of 13.73%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global food crops grown under cover market size is expected to reach $88.95 billion in 2027 at a CAGR of 11.59%.
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Major competitors in the food crops grown under cover market are Argus Control Systems, LumiGrow, Netafim, Richel Groups, General Hydroponics, Crop One Holdings, Metropolis Farms Inc.
A key trend in the food crops grown under cover market includes new crop production techniques. Major companies operating in the food crops grown under cover market are introducing new crop production techniques such as greenhouses, vertical farming, and hydroponic farming to strengthen their position in the market. For instance, in November 2021, NASA- National Aeronautics and Space Administration, a US-based research agency launched an innovative indoor farming technique to produce and grow food crops under cover. The novel technology combines plant science and environmental control techniques to optimize plant growth inside an enclosed space. This innovative agricultural approach laid the foundation for the controlled environment agriculture (CEA) industry.
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The food crops grown under cover market is segmented -
1) By Crop Type: Fruits And Vegetables, Herbs And Microgreens, Flowers And Ornamentals, Other Crop Types
2) By Growing System: Hydroponics, Aeroponics, Aquaponics, Soil-Based, Hybrid
3) By Component: Hardware, Software
4) By Facility Type: Glass Or Poly Greenhouses, Indoor Vertical Farms, Container Farms, Indoor Deep-Water Culture Systems, Other Facility Types
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the food crops grown under cover market.
The Business Research Company's "Global Food Crops Grown Under Cover Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Food Crops Grown Under Cover Market Include:
1. Executive Summary
2. Food Crops Grown Under Cover Market Characteristics
3. Food Crops Grown Under Cover Market Trends And Strategies
4. Food Crops Grown Under Cover Market - Macro Economic Scenario
5. Food Crops Grown Under Cover Market Size And Growth
……
26. Africa Food Crops Grown Under Cover Market
27. Food Crops Grown Under Cover Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Food Crops Grown Under Cover Market
29. Food Crops Grown Under Cover Market Future Outlook and Potential Analysis
30. Appendix
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