According to latest report by IMARC Group, titled “Indoor Farming Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032,” offers a comprehensive analysis of the industry, which comprises insights on global indoor farming market trends. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global indoor farming market size reached US$ 19.6 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 43.9 Billion by 2032, exhibiting a growth rate (CAGR) of 9.1% during 2024-2032.
Indoor Farming Market Overview:
Indoor farming, also known as vertical farming or controlled environment agriculture (CEA), is an innovative agricultural approach that involves growing crops indoors, typically in vertically stacked layers or controlled environments such as greenhouses. This method of farming leverages advanced technologies and precise environmental control to optimize growing conditions for plants. It allows for year-round cultivation of crops, regardless of external weather conditions. This extends growing seasons and ensures a consistent supply of fresh produce. Indoor farms use advanced technologies to control factors like temperature, humidity, light, and CO2 levels. This fine-tuned control promotes optimal plant growth and minimizes the risk of pests and diseases. It is highly resource efficient. It uses less water, land, and pesticides compared to traditional agriculture. It also reduces the need for long-distance transportation of produce.
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Global Indoor Farming Market Trends:
The growing global population and urbanization have intensified the need for efficient and localized food production. Indoor farming, which includes vertical farming and controlled environment agriculture, offers a solution by enabling year-round crop cultivation in urban areas, reducing transportation costs, and minimizing food waste. Moreover, the increasing awareness of climate change and its impact on traditional agriculture has highlighted the need for more resilient and sustainable farming practices.
Indoor farming provides controlled environments where temperature, humidity, light, and nutrient levels can be precisely regulated, reducing the reliance on conventional farming methods that are vulnerable to climate-related challenges. Additionally, advancements in technology, including LED lighting, automation, and data analytics, have significantly improved the efficiency and productivity of indoor farming. These technological innovations enable optimized crop growth, resource management, and real-time monitoring, making indoor farming a competitive and sustainable alternative to traditional agriculture.
Competitive Landscape with Key Players:
- 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.
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
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
- Market Outlook
- 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.
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