Sustainable Agriculture: The Rise of Covered Food Crops

"The Business Research Company recently released a comprehensive report on the Global Food Crops Grown Under Cover Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

According to The Business Research Company's, The food crops grown under cover market size has grown rapidly in recent years. It will grow from $57.36 billion in 2023 to $64.28 billion in 2024 at a compound annual growth rate (CAGR) of 12.1%. The growth in the historic period can be attributed to extended growing seasons, protection from pests and diseases, climate control, water conservation, urban agriculture, crop diversification..

The food crops grown under cover market size is expected to see rapidly grown in the next few years. It will grow to $100.15 billion in 2028 at a compound annual growth rate (CAGR) of 11.7%. The growth in the forecast period can be attributed to global population growth, climate change mitigation, vertical farming expansion, organic and sustainable farming, consumer preference for local produce, efficient resource use.. Major trends in the forecast period include advanced automation and robotics, innovations in crop protection, led lighting for crop growth, integration of iot and data analytics, diversification of covering materials, controlled environment agriculture..

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Market Drivers and Trends:

Increasing demand for organic food is expected to propel the growth of the food crops grown under the cover market going forward. 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 For instance, in June 2022, the Organic Trade Association, a US-based trade association representing over 9,500 organic businesses, sales of organic fruits and vegetables increased by 4.5% with revenue of $21 billion representing 15 percent of the total product market in the year 2021 in the US. Therefore, increasing demand for organic food is propelling the growth of the food crops grown under cover market.

New crop production techniques have emerged as the major trend gaining popularity in the food crops grown under cover market. 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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Major Key Players of the Market:

Argus Control Systems Ltd.; LumiGrow Inc.; Netafim Ltd.; Richel Group; General Hydroponics; Crop One Holdings Inc.; Metropolis Farms Inc.; Bright Farms Inc.; Bowery Farming Inc.; Certhon Group; Vertical Farm Systems; Hydrodynamics International; Illumitex Inc.; Garden Fresh Farms; Green Sense Farms LLC; Sky Greens Pte Ltd.; AeroFarms Inc.; Plenty Unlimited Inc.; Gotham Greens LLC; AppHarvest Inc.; Kalera Inc.; Revol Greens LLC; Eden Green Technologies Pvt. Ltd.; Infinite Harvest Inc.; Fifth Season Gardening Company; Little Leaf Farms LLC; FreshBox Farms Inc.; Local Roots Farms Inc.; Bright Agrotech LLC; Urban Crop Solutions; Green Spirit Farms LLC; Modular Farms Co; PLENTY Canada Inc.; Square Roots (Electric) Inc.; Vertical Harvest Jackson Hole LLC; ZipGrow Inc.

Food Crops Grown Under Cover Market 2024 Key Insights:

• The food crops grown under cover market size will grow to $100.15 billion in 2028 at a compound annual growth rate (CAGR) of 11.7%.
• Rising Demand For Organic Food To Drive Market Growth
• Innovative Crop Production Techniques Transforming The Food Crops Grown Under Cover Market
• North America was the largest region in the food crops grown under cover market in 2023

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This release was published on openPR.