Indoor Farming Market was valued at USD 34790 million in 2021 and is expected to reach USD 53570 million by the year 2028, at a CAGR of 6.36%.
Indoor Farming Market was valued at USD 34790 million in 2021 and is expected to reach USD 53570 million by the year 2028, at a CAGR of 6.36%.
Indoor farming refers to the process of growing crops indoors in a controlled environment. According to the market in terms of the key players, the factors turning the market, and the factors hampering the growth, along with the competition present in the global indoor farming market. One of the significant reasons for the declining yield is that the cultivable land is contracting from year to year.
Indoor Farming Market Key Players include:
Philips Lighting,Everlight Electronics,Argus Controls Systems,Netafim,Lumigrow,Logiqs,Illumitex,Vertical Farm Systems,Hydrodynamics International,General Hydroponics,Richel Group,American Hydroponics,Agrilution and Other Major Players.
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The latest research on the Indoor Farming market provides a comprehensive overview of the market for the years 2023 to 2030. It gives a comprehensive picture of the global Indoor Farming industry, considering all significant industry trends, market dynamics, competitive landscape, and market analysis tools such as Porter's five forces analysis, Industry Value chain analysis, and PESTEL analysis of the Indoor Farming market. Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years. The report is designed to help readers find information and make decisions that will help them grow their businesses. The study is written with a specific goal in mind to give business insights and consultancy to help customers make smart business decisions and achieve long-term success in their particular market areas.
Market Segmentation
By Growing System
By Facility Type
By Crop Type
Geographic Segment Covered in the Report
· North America (U.S., Canada, Mexico)
Key Highlights of the Report:
Covid-19 Impact and Recovery Analysis on Industry:
The COVID-19 pandemic has disrupted agricultural production and supply chains around the world, threatening access to agricultural labour and complicating international supply chains. With the threat of global viruses, increasing temperatures, and massive demand for feed, traditional farming is no longer sustainable. This is creating an opportunity for the indoor farming market and its growth as the demand for the production of nutritious and local food has increased during the period of COVID-19. There is growth in interest in indoor farming globally, with huge facilities already operating in Asia, the Middle East, and Europe, and new projects announced since the start of the COVID-19 outbreak.
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Indoor Farming Market Report contains market data from 2023 to 2030, which provides an overview of the market covering key drivers and risk factors. The report is segmented by top global manufacturers that mention sales, revenue and applicable prices. It also evaluates the competitive scenarios of key players. The report is expanded to include regional market data along with types and applications. This report forecasts sales and revenue from 2023 to 2030. Detailed sales channels are also covered in the study.
Reasons to Purchase this Report:
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled
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Dec 12, 2023
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