MarkNtel Advisors recently published a detailed industry analysis of the Global Indoor Farming Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.
Global Indoor Farming Market, Share, and Trends Analysis Report – Industry Overview and Forecast to 2028
The Indoor Farming Market is projected to grow at a CAGR of around 11.2% during the forecast period, i.e., 2023-28.
What are the major Driver the Global Indoor Farming industry?
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.
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What segments define the Global Indoor Farming Market from 2023 to 2028? How do these segments contribute to market dynamics and growth?
- By Type
- Hydroponics Farming
- Aeroponics Farming
- Aquaponics Farming
- Vertical Farming
- By Facility
- Greenhouses
- Container Farms
- Indoor Vertical Farms
- Indoor Deep Water Culture
According to report, 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
- Hardware
- 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)
- Fruits and Vegetables
According to report, In 2022, the flowers and ornamentals sector accounted for a significant portion of revenue in the indoor farming market.
Explore the Complete Global Indoor Farming Market Analysis Report – https://www.marknteladvisors.com/research-library/indoor-farming-market.html
Geographical Analysis: Global Indoor Farming Market
- By Region
- North America
- South America
- Europe
- Asia-Pacific
- Rest of World
Global Indoor Farming Market Share & Competitive Landscape:
The Indoor Farming Market is characterized by intense competition, with several key players driving growth through innovation, market expansion, and strategic investments. The competitive landscape provides valuable insights into the industry’s leading companies, highlighting their strengths, financial performance, and market influence.
Leading Companies in the Global Indoor Farming Market are:
- 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
Global Indoor Farming Industry Recent Development:
- In July 2022, Crop One Holdings, Inc., in partnership with Emirates Flight Catering, announced the official opening of Emirates Crop One (ECO 1), the world’s largest vertical farm in Dubai, United Arab Emirates. The more than 330,000-square-foot facility spans 175 yards and aims to produce over 2 million pounds of high-quality leafy greens annually.
- In addition, the farm claim to use 95% less water than field-grown produce and guarantees an output of three tons per day.In May 2021, In Hendersonville, North Carolina, BrightFarms opened its newest indoor farm. 2 million pounds of lettuce are anticipated to be produced annually in the 6-acre greenhouse.
- InApril 2021, Chilean B corporation Hortifrut SA, a partner of Aerofarms, was established. The alliance is anticipated to concentrate on studying and advancing the production of blueberries and cranberries in fully-regulated vertical farms and indoor settings.
Questions Addressed in this Study
1.What factors are driving the Global Indoor Farming Market growth?
2.How is the Global Indoor Farming Market expected to grow over the next five years?
3.What are the key insights into the current trends in the Global Indoor Farming Market ?
4.What is the current size of the Global Indoor Farming Market, and how is it projected to change in the future?
6.What is the future outlook for the Global Indoor Farming Market in terms of technological advancements and market expansion?
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