Global Indoor Farming Market size is projected to reach USD 50.30 Billion by 2028 from an estimated USD 32.71 Billion in 2022, growing at a CAGR of 6.36% globally.
The rising interest in indoor farming has been acting as a critical point for the food supply chain as the world population is expected to gain 9.8 billion by 2050, and the effects of global warming on nutrient depletion in crops have been posing as a threat for crop production. In these situations, indoor farming has been proving to be an efficient way to produce more food with few resources than conventional farming, without depending on arable land availability and external climate conditions. The indoor farming industry is prominently by the greenhouse technologies, but due to increasing technological innovations and interest among the growers, other branches, such as aeroponics and hydroponics, are also observed to be growing.
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The Research Report on Indoor Farming Market provides a detailed overview of the demand and consumption of various products/services related to the growth dynamics of the market during the forecast period 2022-2028. In-depth market estimates of the various opportunities in the segment are expressed. Volume and revenue, Insights and analysis on the Indoor Farming Market spans multiple pages. These are covered in various sections, including drivers and constraints, challenges and opportunities, regional segmentation and opportunity assessment, end-use/applicability forecast analysis, and competitive landscape assessment.
The Major Players In The Indoor Farming Market Include:
Philips Lighting, Everlight Electronics, Argus Controls Systems, Netafim, Lumigrow, Logiqs, Illumitex, Vertical Farm Systems, Hydrodynamics International, General Hydroponics, Richel Group, American Hydroponics, Agrilution
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The indoor farming technologies do not use GMOs, biosolids, or irradiation for crop production. The customers are willing to pay more for crops from indoor farming as the crops are grown locally and in a durable way have a higher level of food safety are better tasting and have a higher quality than crops from a greenhouse or conventional farms. Indoor farming is considered a niche market and the master chefs around the world are getting interested in the products from indoor farms. Some of the companies, such as Grow company from Amsterdam are focusing on the production on the indoor farming market, to produce the greens for chefs, with a minimal time of harvest and with a customized. This customization with minimal time is turning out the best opportunity for market growth.
Indoor Farming Market Segment by Types, Estimates and Forecast by 2028
Glass or Poly Greenhouses, Indoor Vertical Farms, Container Farms, Indoor Deep-Water Culture (DWC) Systems
Based on Type, the glass or poly greenhouse segment accounted for the largest market during the forecast period. Glass or poly greenhouse is a transparent enclosed structure made of glass or polycarbonate. There are numerous advantages to applying greenhouse technology. For example, crops grown under such controlled conditions provide a yield that is 7 to 12 times higher than crops grown in the open.
Indoor Farming Market Segment by Applications, Estimates and Forecast by 2028
Fruits & Vegetables, Herbs & Microgreens, Flowers & Ornamentals
By Application Herbs can be grown indoors as perennial houseplants or just during the winter months to protect tender herbs such as rosemary and basil. When grown indoors, herbs provide various benefits, such as fragrant foliage, with varying foliage shapes and colors. However, all herbs do not grow well in indoor farms, as their root systems require large containers.
Regional Analysis for COVID-19 Outbreak-Global Indoor Farming Market:
- APAC (Japan, China, South Korea, Australia, India, and Rest of APAC)
- Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
- North America (U.S., Canada, and Mexico)
- South America (Brazil, Chile, Argentina, Rest of South America)
- MEA (Saudi Arabia, UAE, South Africa)
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This Indoor Farming Market report consists of essential data that can definitely help to recognize the perspectives of individuals and their cooperation within the current market. Provides fair and quantifiable information for the assessment of movement. It also describes the modifications needed to shape the business today as you become familiar with future practices in this sector. This Indoor Farming Market report also takes into account the impact of recent events on the potential development of the market. Impairment of passage, method of exchange, monetary and customary issues are among the many new phrases used in this market report. It includes a wealth of information and statistics on promotional activities and imminent developments, as well as an assessment of how these changes will contribute to the successful implementation of the market.
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This study conducts a SWOT analysis to evaluate the strengths and weaknesses of key players in the Indoor Farming market. Additionally, the report performs a complex inspection of drivers and restraints operating in the market. The report also evaluates the observed trends in the parent market along with macroeconomic indicators, dominant factors and market attractiveness in relation to other segments. The report forecasts the impact of various industry aspects on the Indoor Farming market segments and regions.
The Purpose Of The Report Is To:
- -Spread and maturity of trading in the global Indoor Farming market.
- -Market Shares, Demand and Supply Ratios, Growth Revenue, Supply Chain Analysis and Business Overview of the Global Indoor Farming Market.
- -Current and future market trends influencing the growth opportunities and growth rates of the global Indoor Farming market.
- -Feasibility studies, new market insights, company profiles, return on investment, revenue (value)
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