Understanding the Market Size and Growth Forecast of the Plant Factory Industry?
The plant factory market has seen robust growth recently, escalating from $130.6 billion in 2024 to a projected $140.43 billion in 2025, registering a compound annual growth rate (CAGR) of 7.5%. The substantial growth during the historic period seems linked to the increasing demand for locally grown fresh produce, limitations on arable land, urbanization, growth in food security and resilience concerns, advancements in controlled environment agriculture technologies, need for year-round crop production, and a focus on sustainable, resource-efficient agricultural practices.
Looking forward, the plant factory market is expected to sustain its growth momentum. It is anticipated to reach $188.23 billion by 2029 with a CAGR of 7.6%. This forecasted growth rate is attributed to the adoption of hydroponic and aeroponic growth methods, expansion of urban farming and rooftop greenhouse projects, research and development in plant factory automation and robotics, need for pesticide-free and non-GMO crop production, and an emphasis on high-yield and high-density crop cultivation. Notably, certain trends are predicted to dominate the forecast period, including AI and machine learning integration, modular and stackable growing systems, advanced LED grow lights and spectral tuning, and traceability in urban agriculture through blockchain.
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What are the Essential Growth Drivers in the Plant Factory Market?
The driving force behind the plant factory market growth is the rising demand for food due to increasing population and climate change challenges. Greater demand for food and losses in yield due to soil infertility, demographic change, climate upheavals, and pest outbreaks have bolstered the adoption of new plant factory methods for growing crops.
In the Plant Factory Market, What are the Key Segments?
The plant factory market report addresses these segments:
1) By Facility Type: Greenhouse, Indoor Farms, Other Facility Types
2) By Light Type: Sunlight, Full Artificial Light
3) By Growing System: Non-Soil-Based, Soil-Based, Hybrid
4) By Crop type: Fruits, Vegetables, Flower And Ornamental, Other Crop Types
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Which are the Major Players in the Plant Factory Market?
Prominent companies operating in the plant factory market include AeroFarms LLC, BrightFarms Inc., Gotham Greens Holdings LLC, Bowery Farming Inc., AppHarvest Inc., Lufa Farms, Beijing IEDA Protected Horticulture Co. Ltd., Green Sense Farms Holdings Inc., Plenty Unlimited Inc., Mirai Co. Ltd., Farminova Plant Factory, Urban Crops Solutions, Sky Greens, Kalera Inc., Smallhold, Sky Vegetables, TruLeaf Sustainable Agriculture, Wulian, Crop One Holdings Inc., Vertical Harvest Farms, Growing Greener Ltd., Heliospectra AB, Infarm GmbH, Intelligent Growth Solutions, LettuceGrow, Light Science Technologies, MechaFarm, Phytoponics, Plug and Play Tech Center, Radiant Food Company, SmartFarm Systems, and Vertical Greens.
What Trends are Emerging in the Plant Factory Market?
A major trend in the plant factory market is the opening of new indoor farms by companies. For example, Plenty, a US-based vertical farming company, opened a new indoor vertical farm in Compton, California with the capacity to produce 4.5 million pounds of leafy greens annually.
Which is the Largest Region in the Plant Factory Market?
Western Europe held the largest stake in the plant factory market in 2024. The regions covered in the report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
What Does The Plant Factory Market Report 2025 Offer?
In this report, the plant factory is defined as an agricultural production system that uses bioinformatics and industrial automation to transform crop production into a new model. The system enables optimum yield, harvesting density, and economic impact by artificially controlling the plant growth environment.
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