Industry Outlook:
According to the latest report by IMARC Group, titled,”Indoor Farming Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” The global indoor farming market size reached a value of US$ 15.7 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 31.1 Billion by 2027, exhibiting at a CAGR of 11.8% during 2022-2027. Indoor farming refers to a modern agriculture technique of growing plants or crops in a protected environment on a large scale. It is widely adopted to grow herbs and microgreens, fruits and vegetables, and flowers and ornamentals. It mainly utilizes various growing systems, including aeroponics, aquaponics, hydroponics, and hybrid, using artificial lights to provide plants with the essential light levels and nutrients. Some of the common indoor farming facilities are indoor vertical farms, indoor deep water culture systems, glass or poly greenhouses and container farms. It is gaining widespread prominence across the globe due to its several advantages, such as water efficiency, limited land use and the benefits of controlled farming devoid of climate change.
Get Free Sample Copy of Report at: https://www.imarcgroup.com/indoor-farming-market/requestsample
Industry Demand:
The accelerating need for sustainable food production majorly drives the global market. This can be supported by the rising demand for farming on a commercial level and the scarcity of arable lands. Due to the growing population rate on account of rapid urbanization, there has been a considerable increase in the popularity of indoor farming. This has encouraged farmers to build indoor farming facilities across the urban areas to create a stable and constant year-round food supply system, which is impacting market growth favorably. In addition to this, the indoor farming method is extensively utilized to enhance local supplies and offer fresh produce to customers, this is contributing to the market on the global level.
Do you know more information, Contact to our analyst at- https://www.imarcgroup.com/indoor-farming-market
Key Players Included in Global Indoor Farming Market Report:
- AeroFarms
- Agricool
- Agrilution Systems GmbH
- AutoGrow Systems Ltd.
- Bowery Farming
- Bright Farms Inc. (Cox Enterprises, Inc.).
- Freight Farms
- FreshBox Farms
- Garden Fresh Farms
- Green Sense Farms Holdings, Inc.
- Logiqs B.V.
- Plenty Unlimited, Inc.
- SananBio
- Sky Greens
- SPREAD Co., Ltd.
- Urban Crop Solutions
- Voeks Inc.
Also Read Full Blog: Top Indoor Farming manufacturers WorldWide
Industry Trends:
Apart from this, numerous initiatives have been undertaken by the governments to encourage the adoption of indoor farming as a result of the changing climatic conditions and the rising environmental issues, are significantly supporting its demand across the globe. Along with this, the introduction of fully controlled, high-tech and semi-automated greenhouse facilities for environmentally friendly farming practices are considered as major growth-inducing factors. Furthermore, technological advancements in sensors and regulating devices for organic cultivation and the increasing production of biopharmaceutical products are creating a positive market outlook. Some of the other factors driving the market include growing consumer awareness regarding the benefits of indoor farming and continuous developments in the e-commerce sector.
Key Market Segmentation:
Breakup by Facility Type:
- Greenhouse
- Indoor Vertical Farms
- Container Farms
- Indoor Deep Water Culture
- Others
Breakup by Crop Type:
Fruits, Vegetables and Herbs
- Lettuce
- Spinach
- Kale
- Tomato
- Herbs
- Bell and Chilli Peppers
- Strawberry
- Cucumber
- Others
Flowers and Ornamentals
- Annuals
- Perennials
- Ornamentals
- Others
Breakup by Component:
Hardware
- Structure
- LED Lights
- HVAC
- Climate Control System
- Irrigation Systems
- Others
Software
- Web-based
- Cloud-based
Breakup by Growing System:
- Aeroponics
- Hydroponics
- Aquaponics
- Soil-based
- Hybrid
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
Other Reports of IMARC Group:
- Gene Expression Analysis Market Report 2022-2027
- Ventricular Assist Devices Market Report 2022-2027
- Hyperspectral Imaging Systems Market Report 2022-2027
- Proteomics Market Report 2022-2027
- Marketing Automation Market Report 2022-2027
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Media Contact
Company Name: IMARC Group
Contact Person: Elena Anderson
Email: Send Email
Phone: +1-631-791-1145
Address:30 N Gould St Ste R
City: Sheridan
State: WY
Country: United States
Website: https://www.imarcgroup.com