Global Food Crops Grown Under Cover Market
Agriculture

Key Insights into the Food Crops Grown Under Cover Market’s Growth Opportunities for 2024-2033

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What is the Estimated Growth Rate for the Food Crops Grown Under Cover Market Between 2024 and 2033?

In recent years, the market size for food crops cultivated under cover has seen a swift expansion. Projected to surge from $57.36 billion in 2023 to $64.28 billion in 2024, the compound annual growth rate (CAGR) stands at 12.1%. The surge in the preceding years can be linked to prolonged growing seasons, safeguarding from pests and diseases, environmental control, water preservation, city farming, and crop diversity.

The market size of the food crops cultivated in a controlled environment is anticipated to expand quickly in the coming years, reaching $100.15 billion in 2028, with a compound annual growth rate (CAGR) of 11.7%. This growth in the predicted period can be attributed to factors such as the increase in global population, strategies to counter climate change, progressions in vertical farming, organic and sustainable farming methods, consumer preference for locally sourced products, and efficient utilization of resources. The key trends to look out for in this forecasted period include advanced automation and robotics, innovative measures for crop protection, the use of LED lighting to enhance crop growth, IoT and data analytics integration, diversity in covering materials, and controlled environment agriculture..

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What Are the Primary Contributors to the Growth of the food crops grown under cover Market?

The anticipated rise in the food crops grown under cover market is being attributed to the escalating demand for organic food. Organic food products, devoid of any synthetic pesticides, fertilizers, or genetically modified organisms (GMOs), offer considerable health and environmental benefits. This is contributing to their increased adoption in recent times. For instance, the Organic Trade Association, a US-based entity representing more than 9,500 organic businesses, reported a 4.5% rise in the sales of organic fruits and vegetables in June 2022. This culminated in a revenue realization of $21 billion, accounting for 15 percent of the total product market in 2021 in the US. Consequently, this surging demand for organic food is stimulating the expansion of the food crops grown under cover market.

Which Key Segments Comprise the Food Crops Grown Under Cover Market?

1) By Component: Hardware, Software

2) By Crop Type: Fruits And Vegetables, Herbs And Microgreens, Flowers And Ornamentals, Other Crop Types

3) By Component: Hardware, Software2) By Growing System: Hydroponics, Aeroponics, Aquaponics, Soil-Based, Hybrid

4) By Facility Type: Glass Or Poly Greenhouses, Indoor Vertical Farms, Container Farms, Indoor Deep-Water Culture Systems, Other Facility Types

What Are the Key Trends Reshaping the Food Crops Grown Under Cover Market?

The prominent trend making waves in the food crops grown under cover market stems from new crop production methods. Major firms in this sector are embracing techniques such as hydroponic farming, vertical farming, and greenhouses to solidify their market status. Take, for instance, the innovative indoor farming technique that NASA- National Aeronautics and Space Administration, a US-based research agency, introduced in November 2021 for producing and growing undercover food crops. This groundbreaking technology effectively merges environmental control methods and plant science to maximize plant growth in a confined area. As a result of this, it paved the way for the emergence of the controlled environment agriculture (CEA) industry.

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What Are the Top Regions Fueling Growth in the Food Crops Grown Under Cover Market?

North America was the largest region in the food crops grown under cover market in 2023. Asia-Pacific is expected to be the fastest-growing region in the food crops grown under cover market report during the forecast period. The regions covered in the food crops grown under cover market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The Food Crops Grown Under Cover Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the food crops grown under cover market, its market share, and analyzes key competitors along with their market positions.

The Table Of Content For The Food Crops Grown Under Cover Market Include

1. Food Crops Grown Under Cover Market Executive Summary

2. Food Crops Grown Under Cover Market Segments

3. Food Crops Grown Under Cover Market Size And Template Market Growth Rate

4. Key Food Crops Grown Under Cover Market Trends

5. Major Food Crops Grown Under Cover Market Drivers

……

25. Key Mergers And Acquisitions In The Food Crops Grown Under Cover Market

26. Top Food Crops Grown Under Cover Companies

27. Food Crops Grown Under Cover Market Opportunities And Strategies

28. Food Crops Grown Under Cover Market, Conclusions And Recommendations

29. Appendix

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