As per recent research by MarkNtel Advisors, The Global Indoor Farming Market is projected to grow at a CAGR of around 11.2% during the forecast period, i.e., 2023-28.
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Decreased Cultivable Area Globally, Prompting The Repurposing of Existing Agricultural Land. - Unfavorable weather conditions like droughts, soil erosion, floods, and intensive pesticide usage, which are the prominent causes of the decreased cultivable area, have led to reduced yield over time. Growing crops indoors is the best way to address this severe concern affecting soil fertility globally. In addition, it creates new arable land, subsequently increasing the output and productivity of existing agricultural land. With innovative methods like Hydroponics Farming, Aeroponics Farming, Aquaponics Farming, and Vertical Farming, indoor methods are anticipated to gain traction and drive the market during the forecast period.
By Type
Hydroponics Farming
Aeroponics Farming
Aquaponics Farming
Vertical Farming
By Facility
Greenhouses
Container Farms
Indoor Vertical Farms
Indoor Deep Water Culture
By Component
Hardware
Climate Control Systems
Lighting Systems
Sensors
Irrigation Systems
Software
Web-Based
Cloud-Based
By Crop
Fruits and Vegetables
Tomato
Lettuce
Bell & Chili Peppers
Strawberry
Cucumber
Others (Leafy Greens, Kale)
Herbs and Microgreen
Herbs
Tarragon
Wheatgrass
Others (Basil, Bay)
Flowers and Ornamentals
Annuals
Perennials
Ornamentals
Others (Orchids, Succulents)
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By Region:
North America
South America
Europe
The Middle East & Africa
Asia-Pacific
Several prominent players dominate the Indoor Farming Market, including:
Aessense Corporation
Argus Control Systems Limited
Bowery Farming Inc
BrightFarms
Certhon
Crop One Holdings, Inc.
General Hydroponics
Green Sense Farms Holdings, Inc.
Metropolis Farms Inc
Netafim
Priva
Richel Group
Signify Holdings
Village Farms International Inc
Windset Farms
Others
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1.What factors are driving the Indoor Farming Market growth?
2.How is the Indoor Farming Market expected to grow over the next five years?
3.What are the key insights into the current trends in the Indoor Farming Market?
4.What is the current size of the Indoor Farming Market, and how is it projected to change in the future?
5.What is the future outlook for the Indoor Farming Market in terms of technological advancements and market expansion?
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