Market Overview
This research report provides a concise overview of the Indoor Farming Market, covering essential elements such as market size, share, growth, report, analysis, trends, industry report, and forecast report. It offers valuable insights into the current global market landscape, highlighting key developments and emerging opportunities. Backed by data and expert evaluation, the report helps businesses, investors, and decision-makers understand evolving market dynamics. With segment-wise coverage and forward-looking analysis, this market research serves as a practical tool for navigating the future of the Indoor Farming Market.
Indoor Farming Market Statistic and Research Methodology
Indoor Farming Market is projected to grow at a CAGR of around 11.2% during the forecast period, i.e., 2023-28. The World Bank Group reports that the average amount of arable land per person decreased from 0.197 hectares in 2013 to 0.192 hectares in 2016.
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Market Key Driver-
Decreased Cultivable Area Globally, Prompting The Repurposing of Existing Agricultural Land. – Unfavorable weather conditions like droughts, soil erosion, floods, and intensive pesticide usage, which are the prominent causes of the decreased cultivable area, have led to reduced yield over time. Growing crops indoors is the best way to address this severe concern affecting soil fertility globally. In addition, it creates new arable land, subsequently increasing the output and productivity of existing agricultural land. With innovative methods like Hydroponics Farming, Aeroponics Farming, Aquaponics Farming, and Vertical Farming, indoor methods are anticipated to gain traction and drive the market during the forecast period.
Key Player: –
- Aessense Corporation
- Argus Control Systems Limited
- Bowery Farming Inc
- BrightFarms
- Certhon
- Crop One Holdings, Inc.
- General Hydroponics
- Green Sense Farms Holdings, Inc.
- Metropolis Farms Inc
- Netafim
- Priva
- Richel Group
- Signify Holdings
- Village Farms International Inc
- Windset Farms
- Others
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Segmentation Analysis-
By Type
- Hydroponics Farming
- Aeroponics Farming
- Aquaponics Farming
- Vertical Farming
By Facility
- Greenhouses
- Container Farms
- Indoor Vertical Farms
- Indoor Deep Water Culture
Among all, The Indoor Vertical Farm segment of the market recorded a sizeable revenue share in the historical period.
By Component
- Hardware
- Climate Control Systems
- Lighting Systems
- Sensors
- Irrigation Systems
- Software
- Web-Based
- Cloud-Based
By Crop
- Fruits and Vegetables
- Tomato
- Lettuce
- Bell & Chili Peppers
- Strawberry
- Cucumber
- Others (Leafy Greens, Kale)
- Herbs and Microgreen
- Herbs
- Tarragon
- Wheatgrass
- Others (Basil, Bay)
- Flowers and Ornamentals
- Annuals
- Perennials
- Ornamentals
- Others (Orchids, Succulents)
In 2022, the flowers and ornamentals sector accounted for a significant portion of revenue in the indoor farming market.
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Geography-
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
In the historical period, North America accounted for the largest share of the Global Indoor Farming Market. The US, Canada, and Mexico contribute significantly to the region’s share.
Frequently Asked Questions (FAQ)
- What is the current size and expected growth of the Indoor Farming Market?
- How is Indoor Farming market share distributed across geography and major players?
- What key trends are shaping the future of the market?
- How does this research report support strategic business planning?
- What insights are included in the Indoor Farming market analysis and forecast reports?
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