The Business Research Company has updated its global market reports with latest data for 2024 and projections up to 2033.
The Indoor Farming Technology by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Indoor Farming Technology , The indoor farming technology market size has grown rapidly in recent years. It will grow from $33.19 billion in 2023 to $37.51 billion in 2024 at a compound annual growth rate (CAGR) of 13.0%. The growth in the historic period can be attributed to increased demand for sustainable agriculture, urbanization, local food movement, increasing population.The indoor farming technology market size is expected to see rapid growth in the next few years. It will grow to $60.07 billion in 2028 at a compound annual growth rate (CAGR) of 12.5%.
The rising adoption of vertical farming in agriculture is likely to contribute to the growth of the indoor farming technology market. Some of the main advantages of vertical farming are optimized crop growth, reduced water usage, minimal dependence on external weather conditions or temperatures, decreased labor costs, and better energy conservation. According to a forum, that is used for sharing farming experiences, Europe is on a significant rise when it comes to vertical farming. Many countries compete to dominate this market, which results in the rise of many new farms. For instance, in the U.K., Jones Food Company produces around 400 tons of vegetables, such as kale, coriander, and radish, per year using vertical farming. The company has around 5,000 square meters of space for vertical farms in Europe. Therefore, the adoption of vertical farming is driving the growth of indoor farming technology.
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The indoor farming technology market covered in this report is 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
Top Major Players
Advanced Nutrients Holdings Inc.,
Agrilution GmbH,
American Hydroponics LLC,
BrightFarms Inc.,
General Hydroponics Inc.
The indoor farming technology market report table of contents includes:
1. Executive Summary
- Indoor Farming Technology Market Characteristics
- Indoor Farming Technology Market Trends And Strategies
- Indoor Farming Technology Market – Macro Economic Scenario
- Global Indoor Farming Technology Market Size and Growth
- Indoor Farming Technology Market Segmentation
- Indoor Farming Technology Market Regional And Country Analysis
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- Key Mergers And Acquisitions In The Indoor Farming Technology Market
- Indoor Farming Technology Market Future Outlook and Potential Analysis
- Appendix
List Of Tables :
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Indoor Farming Technology Market, Segmentation By Crop Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Indoor Farming Technology Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Indoor Farming Technology Market, Segmentation By Facility Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
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Table 75: Advanced Nutrients Holdings Inc. Financial Performance
Table 76: Agrilution GmbH Financial Performance
Table 77: American Hydroponics LLC Financial Performance
Table 78: BrightFarms Inc. Financial Performance
Table 79: General Hydroponics Inc. Financial Performance
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