Market Analysis, Expert Opin Environ Biol Vol: 8 Issue: 1
Coastal Ecosystem and Management: Market Analysis
Daniele De Wrachien
Retired Professor, Environmental, University of Milan, Italy, E-mail: [email protected]
Keywords: Marine fish, Coastal ecosystems, Coastal zones, Environmental and cultural resources
The coastal zone makes up only 10% of the ocean environment but is home to over 90% of all marine species. For example, of the 13,200 known species of marine fish, almost 80% are coasts. According to the UN, around 3.6 billion people, or 60% of the world’s population, live within 60km of the coast. And 80% of all tourism takes place in coastal areas. Most of the goods we extract from the ocean - from fish to oil and gas - come from coastal regions. Coastal ecosystems also provide a range of services that benefit people around the world.
Coastal zones include the entire continental shelf and occupy about 18% of the surface of the globe, supplying about 90% of global fish catch and accounts for some 25% of global primary productivity while at the same time being some of the most endangered regions on the planet. This growth, which has reached its peak in recent decades, exerts pressures on the environmental and cultural resources of coastal areas, and negatively affects the social, economic and cultural patterns. Offshore oil & gas is the world's biggest marine industry where production alone can have a value of more than $300 billion per annum.
With members from around the world focused on learning about Coastal zone and ocean sciences, this is the best opportunity to reach the largest assemblage of participants from the Coastal study. Conduct demonstrations, distribute information, acquire knowledge about current and trending coastal management ways, make a splash with a new research, and receive name recognition at this 2-day event. World-renowned speakers, the most recent techniques, tactics, and the newest updates in Industrial Robotics fields are hallmarks of this conference.
The purpose of Coastal zone conference is
1. To maximize the benefits and minimize the conflicts and harmful effects of activities upon resources and the environment.
2. To promote linkages between sectorial activities at coastal area development in an ecologically sustainable fashion.
3. To protect habitats i.e. wetlands, coral reefs and their water quality and also prevents the loss of life, while for others it provides a means of public access to coastal areas.
The aquaculture market is projected to grow from USD 30.1 billion in 2018 to USD 42.6 billion by 2023, recording a CAGR of 7.2% during the forecast period. This is attributed to the growing consumption of fish for its nutritional value. Furthermore, the rising trend of smart fishing and the aquaculture products.
By production, the small-scale segment is projected to grow at a higher rate during the forecast period.
Owing to the growing demand for aqua products for their protein-rich content, small-scale farming is adopted by developing regions such as Asia Pacific, South America, and Africa. Furthermore, the governments of these countries are taking various initiatives to support aqua farming in these regions, as it is one of the major sources of employment.
The increasing adoption of polyculture farm practices is one of the key factors expected to trigger the aquaculture market in Indonesia. Polyculture farming practices consist of different methods including multi-cropping, alley cropping, intercropping, and crop rotation. Furthermore, polyculture farming is also an economical and practical approach as multiple crops can be cultivated in one field to irrigate efficiently and provide aquatic feed to aquaculture species resulting in the overall market growth during the next few years. Our analysts have predicted that the aquaculture market will register a CAGR of almost 18% by 2023.
The marine culture in the aquaculture market is projected to be the fastest growing segment during the forecast period.
The marine culture segment is projected to be the fastest-growing segment in the market during the forecast period, due to the increasing demand for seafood products and declining capture in fishery landings from the oceans. Ocean cage culturing of marine fish has encouraged the design of new and innovative cages for culturing them in near-shore and offshore environments. Furthermore, advancements in technology such as water recirculation systems, along with the global rise in food demand, is providing promising growth opportunities for the marine aquaculture system.
The Asia Pacific region is projected to account for the largest share in the aquaculture market during the forecast period.
Asia Pacific accounted for the largest share in the market. This is attributed to a rise in demand for advanced and latest aquaculture products that help in producing more quality output with available land for aquafarming and enhance the efficiency of aquaculture operations. Further, aquaculture sectors in countries such as China, India, Vietnam, Indonesia, and Thailand are export-oriented; the aquafarming sector is of prime importance in these countries, as players here are focusing on technology adoption and automation which is expected to have a positive impact on the market in this region.
Asia Pacific was the largest region in the animal food manufacturing market worth $97.1 billion in 2018, accounting for 38.7% of the global animal food manufacturing market, followed by Western Europe at 26.9% and North America at 18.3% respectively.
Animal Food Manufacturing Market covering Poultry Feed, Aquaculture Feed, Cattle Feed, Other Animal Food; Global Summary 2019 provides strategists, marketers and senior management with the critical information they need to assess the global animal food manufacturing sector.
Key Market Players
Key vendors in the global aquaculture market include Pentair plc. (US), AKVA Group (Norway), Xylem Inc. (US), Aquaculture Equipment Ltd. (UK), Aquaculture System Technologies, LLC, (US), Luxsol (Belgium), Pioneer Group (Taiwan), CPI Equipment Inc. (Canada), Asakua (Turkey), FREA Aquaculture Solutions (Denmark), Lifegard Aquatics (US), Tan International Ltd (UK), Reef Industries, Inc. (US), Aquafarm Equipment AS (Norway), and Aquaculture of Texas, Inc. (US).
The market size section gives the foundation, structure, and building exterior contractors market revenues, covering both the historic growth of the market and forecasting the future. Drivers and restraints looks at the external factors supporting and controlling the growth of the market. Market segmentations break down the key sub sectors which make up the market. The regional breakdowns section gives the size of the market geographically.