Food Crops Grown Under Cover Trends and Forecast
The future of the global food crops grown under cover market looks promising with opportunities in the fruit & vegetable, herb & microgreen, and flower & ornamental markets. The global food crops grown under cover market is expected to reach an estimated $117.3 billion by 2030 with a CAGR of 11.7% from 2024 to 2030. The major drivers for this market are increased demand for fresh and organic food and rising preference for precision agricultural technique.
• Lucintel forecasts that, within the facility type category, glass or poly greenhouse is expected to witness the highest growth over the forecast period.
• Within the crop type category, fruit & vegetable is expected to witness the highest growth over the forecast period.
• In terms of regions, North America is expected to witness the highest growth over the forecast period.
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Emerging Trends in the Food Crops Grown Under Cover Market
Emerging trends in the market for food crops grown under cover: The trend towards sustainability, increased efficiency and technological advancements is evident. These issues will have significant implications on how future food crops are grown under cover.
• Vertical Farming: Vertical farming is becoming more popular because it delivers higher yields in confined spaces such as urban areas. This has been necessitated by the need to engage in sustainable practices and make effective use of land.
• Automation and Robotics: Automation and robotics are being widely accepted, particularly in regions where labor is scarce. These technologies assist in reducing labor costs and improving crop management accuracy.
• Smart Greenhouses: Smart greenhouses which contain IoT and AI systems are now more prevalent. They provide better environmental control which means that there will be increased crop production with less resource consumption.
• Sustainability Initiatives: Growing concerns over greenhouse farming’s carbon emissions and water footprints have led to many sustainability initiatives. The demand for ecologically friendly products drives this trend.
• Expansion in Emerging Markets: Governments support coupled with increasing food needs have led to a large growth of protected cultivation in emerging markets like India or Southeast Asia. Food security has been ensured through this expansion.
All these factors ultimately drive innovation and enhance efficiency in the global food crops grown under cover market thus promoting global sustainable agriculture.
Recent Developments in the Food Crops Grown Under Cover Market
Market of food crops grown under cover is witnessing major developments that are transforming the sector. These include technological advancements, sustainability efforts and new business models.
• High-Tech Greenhouse Investment: Growing interest in investing in high-tech greenhouses for agriculture that employ advanced technologies such as AI and IoT is being witnessed. These investments are aimed at boosting crop yields and resource efficiency.
• Incorporation of Renewable Energy: Currently, greenhouses can include solar panels or geothermal energy as sources of renewable environmental resources. The need to minimize carbon footprints and promote sustainability has necessitated this change.
• Precision Agriculture Techniques: Precision agriculture is on the rise in greenhouse farming. This method employs data analytics and sensors to optimize water use, nutrient management leading to higher quality produce.
• Government Support for Emerging Market: Governments across emerging economies offer subsidies and training programs to encourage farmers into greenhouse farming. Such support is critical to improving food production with a view of achieving food security.
• Extension of Vertical Farming: Vertical farming is growing rapidly particularly in cities where space is limited. It allows efficient use of space and resources making it a significant advancement within the industry.
These trends are causing transformation in the food crops grown under cover market resulting more sustainable, effective and productive farming practices.
Strategic Growth Opportunities for Food Crops Grown Under Cover Market
The food crops grown under cover market has many strategic growth opportunities across different applications, which are driven by technological advancements as well as changes in consumer preferences.
• Urban Vertical Farming: Urban vertical farming offers considerable potential for growth due to the increased demand for fresh, locally produced vegetables and fruits within urban areas. This type of agriculture maximizes space utilization and minimizes transportation thus reducing carbon emissions.
• Organic Greenhouse Farming: There is a rising interest in organic products among consumers resulting to emerging demand for organically grown crops in greenhouses. Such facilities make it possible to grow such kinds of plants without using any chemicals, which is what growing populations want now.
• Automated Greenhouse Systems: Incorporating automated systems into greenhouse spaces can be a way of creating an opportunity for growth through labor cost savings and increasing precision related to crop management. It is well suited where labor costs are high.
• Export-Oriented Production: Continuous quality production and supply of crops can be achieved through greenhouse agriculture hence this will assist nations looking forward to increase their agricultural exports.
• Climate-Resilient Crop Production: Climate change affects crop production but greenhouses provide a controlled environment that can mitigate its effects. Given the unpredictability of weather patterns, this application becomes very important largely.
These strategic growth opportunities emphasise expansion possibilities and innovation within the food crops grown under cover industry leading to sustainable and more effective methods being adopted across the sector at large.
Food Crops Grown Under Cover Market Driver and Challenges
The market is affected by various drivers and hurdles including technology, economic, and regulatory factors. Understanding these components is key to maneuvering through the future of the industry.
The factors responsible for driving the food crops grown under cover market include:
• Growing Demand for Fresh Produce: Consumer demand for fresh, locally grown produce is increasing, driving the expansion of greenhouse farming and urban agriculture.
• Sustainability Concerns: Environmental sustainability is a key driver, with growers focusing on reducing carbon footprints and resource usage in greenhouse operations.
• Government Support: Government incentives and subsidies are encouraging the adoption of protected cultivation practices, particularly in emerging markets.
• Climate Change: The need for climate-resilient agriculture is pushing the adoption of greenhouses, which offer a controlled environment for crop production.
Challenges in the food crops grown under cover market are:
• High Initial Investment: The high cost of setting up advanced greenhouses is a significant barrier to entry, particularly for small-scale farmers.
• Regulatory Compliance: Navigating complex regulatory frameworks for food safety and environmental standards can be challenging for growers.
• Consumer Perception: There is some consumer skepticism about the quality and safety of greenhouse-grown crops, which can impact market acceptance.
The food crops grown under cover market is driven by technological advancements, consumer demand, and sustainability concerns, but faces challenges related to cost, regulation, and consumer perception. Addressing these challenges is key to sustaining market growth.
List of Food Crops Grown Under Cover Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies food crops grown under cover companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the food crops grown under cover companies profiled in this report include-
• Argus Control Systems
• LumiGrow
• Netafim
• Richel Groups
• General Hydroponics
• Crop One Holdings
• Metropolis Farms
• Bright Farms
• Bowery
• Certhon
Food Crops Grown Under Cover by Segment
The study includes a forecast for the global food crops grown under cover by crop type, growing system, component, facility type, and region.
Food Crops Grown Under Cover Market by Crop Type [Analysis by Value from 2018 to 2030]:
• Fruits & Vegetables
• Herbs & Microgreens
• Flowers & Ornamentals
• Others
Food Crops Grown Under Cover Market by Growing System [Analysis by Value from 2018 to 2030]:
• Hydroponics
• Aeroponics
• Aquaponics
• Soil-Based
• Hybrid
Food Crops Grown Under Cover Market by Component [Analysis by Value from 2018 to 2030]:
• Hardware
• Software
Food Crops Grown Under Cover Market by Facility Type [Analysis by Value from 2018 to 2030]:
• Glass or Poly Greenhouses
• Indoor Vertical Farms
• Container Farms
• Indoor Deep-Water Culture Systems
• Others
Food Crops Grown Under Cover Market by Region [Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
Country Wise Outlook for the Food Crops Grown Under Cover Market
The food crops grown under cover sector is rapidly developing as new advances in technology, green initiatives and a rise in the demand for farm produce continue to shape the market. There are notable developments in different parts of the world that highlight how each region is responding to these changes.
• United States: Demand for local grown food plus pesticide free products has seen major investments on hi-tech greenhouses. Vertical farming and hydroponics are among other techniques being currently explored by companies with an aim of maximizing their production efficiency.
• China: In China, there is a focus on large scale greenhouse projects so as to enhance food security. The country’s government is investing in artificial intelligence (AI) and Internet of Things (IoT) technologies which will help in increasing crop yield while at the same time reducing resource consumption.
• Germany: Greenhouse emissions reduction initiatives are targeting sustainability from Germany perspective. Renewable energy use and energy efficient technologies have been embraced more widely among stakeholders within this sector.
• India: India plans to increase year-round output through increased protected cultivation practices. Small-scale farmers are being encouraged by subsidy schemes and training programs instituted by the government to venture into greenhouse farming activities.
• Japan: Japan is moving towards automation and robotics inside greenhouses due to labor scarcity. Precision farming methods also help optimize yields and product quality when integrated into these systems.
Features of the Global Food Crops Grown Under Cover Market
Market Size Estimates: Food crops grown under cover market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Food crops grown under cover market size by various segments, such as by crop type, growing system, component, facility type, and region in terms of value ($B).
Regional Analysis: Food crops grown under cover market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different crop types, growing systems, components, facility types, and regions for the food crops grown under cover market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the food crops grown under cover market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
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FAQ
Q1. What is the food crops grown under cover market size?
Answer: The global food crops grown under cover market is expected to reach an estimated $117.3 billion by 2030.
Q2. What is the growth forecast for food crops grown under cover market?
Answer: The global food crops grown under cover market is expected to grow with a CAGR of 11.7% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the food crops grown under cover market?
Answer: The major drivers for this market are increased demand for fresh and organic food and rising preference for precision agricultural technique.
Q4. What are the major segments for food crops grown under cover market?
Answer: The future of the food crops grown under cover market looks promising with opportunities in the fruit & vegetable, herb & microgreen, and flower & ornamental markets.
Q5. Who are the key food crops grown under cover market companies?
Answer: Some of the key food crops grown under cover companies are as follows:
• Argus Control Systems
• LumiGrow
• Netafim
• Richel Groups
• General Hydroponics
• Crop One Holdings
• Metropolis Farms
• Bright Farms
• Bowery
• Certhon
Q6. Which food crops grown under cover market segment will be the largest in future?
Answer: Lucintel forecasts that glass or poly greenhouse is expected to witness the highest growth over the forecast period.
Q7. In food crops grown under cover market, which region is expected to be the largest in next 5 years?
Answer: North America is expected to witness highest growth over the forecast period.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the food crops grown under cover market by crop type (fruits & vegetables, herbs & microgreens, flowers & ornamentals, and others), growing system (hydroponics, aeroponics, aquaponics, soil-based, and hybrid), component (hardware and software), facility type (glass or poly greenhouses, indoor vertical farms, container farms, indoor deep-water culture systems, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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