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What Will the Global Indoor Farming Technology Market Look Like in 2025?
The indoor farming technology market size has grown rapidly in recent years. It will grow from $37.22 billion in 2024 to $42.08 billion in 2025 at a compound annual growth rate (CAGR) of 13.1%. This rapid growth can be attributed to increased demand for sustainable agriculture, rampant urbanization, a burgeoning local food movement, and rising population figures.
Once we look further into the future, the market size is expected to expand to $68.28 billion in 2029 at a compound annual growth rate (CAGR) of 12.9%. This forecasted increase might be influenced by factors such as climate change, water scarcity, shifting consumer preferences, governmental support and incentives, a global pandemic, and rising food security concerns.
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What is Fueling the Growth of the Indoor Farming Technology Market?
The rising adoption of vertical farming in agriculture is poised to contribute substantially to the growth of the indoor farming technology market. Vertical farming offers numerous assets, including optimized crop growth, reduced water usage, minimal dependence on external weather conditions or temperatures, reduced labor costs, and improved energy conservation.
How is the Indoor Farming Technology Market Segmented?
1) By Crop Type: Fruits And Vegetables, Flowers And Ornamentals, Herbs And Microgreens
2) By Component: Hardware, Software And Services, Integrated Systems
3) By Facility Type: Glass Or Poly Greenhouses, Indoor Vertical Farms, Container Farms, Indoor Deep Water Culture Systems
4) By Growing System: Aeroponics, Aquaponics, Hybrid
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Which Companies Claim a Major Piece of the Indoor Farming Technology Market?
The indoor farming technology market’s landscape is defined by the operations of several major companies, including Advanced Nutrients Holdings Inc., Agrilution GmbH, American Hydroponics LLC, BrightFarms Inc., General Hydroponics Inc., Hydrodynamics International Inc., Logiqs B. V., Netafim USA, Richel Group SA, Vertical Farm Systems Pty Ltd, AeroFarms LLC, Bowery Farming Inc., and many others.
What Are The Emerging Trends In The Indoor Farming Technology Market?
Strategic partnerships and collaborations are molding the indoor farming technology market. For instance, Seasony, a Denmark-based robotics company, partnered with iFarm LLC in May 2023. This partnership allowed iFarm’s customers to automate transportation and monitoring operations by integrating the Watney mobile robot platform into their agricultural installations.
What is the Regional Breakdown of the Indoor Farming Technology Market?
North America was the largest region in the indoor farming technology market in 2024. However, Asia-Pacific is expected to be the fastest-growing region during the forecast period.
What Does The Indoor Farming Technology Market Report 2025 Offer?
Indoor farming technology utilizes innovations to create an artificial environment inside a closed facility, accelerating plant growth and nutrient uptake compared to conventional farming. It involves controlled growing and nutrition systems, LED illumination, and structured indoor plant growth. This form of agriculture boasts numerous benefits, including less land use and avoidance of chemicals.
The Indoor Farming Technology Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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