Indoor Farming Market to Grow with a CAGR of 11.88% through 2030
Technological advancements in farming techniques and
rise in control over crop cultivation & management is expected to drive the
Global Indoor Farming Market growth in the forecast period, 2026-2030.
According to TechSci Research report, “Indoor
Farming Market – Global Industry Size, Share, Trends, Competition Forecast
& Opportunities, 2030”, the Global Indoor Farming Market stood at USD 36.85 Billion in 2024 and is
anticipated to grow with a CAGR of 11.88% in the forecast period through 2030. The Global Indoor
Farming Market is driven by a myriad of factors. Key among them is the
increasing demand for fresh, high-quality produce throughout the year,
regardless of climatic conditions. This is coupled with advancements in indoor
farming technologies like artificial lighting, climate control systems, and
hydroponics that have made indoor farming more efficient and productive.
Furthermore, the growing awareness about the
detriments of pesticides and genetically modified organisms (GMOs) has spurred
interest in controlled environment agriculture, where such issues can be
minimized. In addition, the escalating need for food security amidst rising
populations and limited arable land has also significantly contributed to the
growth of the indoor farming market globally. The Global Indoor Farming Market
is on the verge of witnessing remarkable growth in the coming years, driven by
a multitude of factors. The escalating demand for fresh, high-quality produce
that is available year-round, irrespective of external weather conditions, is a
key catalyst. In today's health-conscious era, consumers are increasingly
seeking out locally grown, pesticide-free fruits and vegetables, and indoor
farming emerges as a sustainable solution to meet this growing demand. Moreover,
the continuous advancements in lighting, climate control, and automation
technologies are playing a pivotal role in propelling the evolution of indoor
farming. These cutting-edge innovations not only enhance efficiency but also
contribute to the reduction of resource consumption and the improvement of crop
yields. By integrating smart sensors, machine learning, and data analytics,
indoor farms can optimize growing conditions, ensuring optimal growth while
minimizing waste.
Furthermore, the pressing need to optimize crop
production in densely populated urban areas, where space is limited, acts as a
driving force behind the expansion of the indoor farming market. Vertical
farming and hydroponics systems enable farmers to make the most efficient use
of space, allowing them to cultivate a larger number of crops within smaller
areas. This not only addresses the issue of food scarcity but also
significantly reduces the carbon footprint associated with long-distance
transportation of produce. By leveraging innovative techniques and embracing
sustainable farming practices, indoor farming has the potential to
revolutionize the agriculture industry and ensure food security for future
generations. The controlled environment provided by indoor farms diminishes the
reliance on pesticides, conserves water, and mitigates the overall
environmental impact of food production. Moreover, the integration of advanced
monitoring systems and data-driven decision-making processes optimizes resource
utilization, resulting in higher crop yields and improved efficiency.
Browse over XX market data Figures spread
through XX Pages and an in-depth TOC on "Global Indoor Farming Market.”
The Global Indoor Farming Market is segmented into farming technique, facility type, component, crop type, regional distribution, and company.
Based on facility type, the indoor vertical farm category is experiencing the fastest growth due to its ability to maximize space and increase crop yields in urban environments. This farming method involves stacking crops in vertically stacked layers, which allows for more efficient use of limited space, making it particularly suitable for areas with high population densities and limited arable land. The growing demand for sustainable and locally grown produce, coupled with the increasing interest in reducing the carbon footprint associated with traditional agriculture, has driven the popularity of indoor vertical farms. These farms use advanced technologies such as hydroponics, aeroponics, and controlled-environment agriculture (CEA) systems, which ensure optimal growing conditions and higher productivity throughout the year. Additionally, the ability to grow crops indoors with minimal water usage and reduced pesticide reliance appeals to both consumers and businesses focused on sustainability. As the technology continues to improve and become more cost-effective, indoor vertical farming is poised to lead the market, offering a scalable solution to global food security challenges and urban agriculture needs.
Based on region, Asia Pacific is showing significant growth in the Indoor Farming Market, driven by several key factors. The region, particularly countries like China, Japan, and South Korea, is facing challenges such as limited arable land, increasing urbanization, and a growing demand for fresh, locally grown produce. Indoor vertical farming offers an innovative solution to these challenges, enabling high-yield crop production in space-constrained environments. Technological advancements in controlled-environment agriculture (CEA) systems, such as hydroponics, aeroponics, and LED lighting, are further boosting the adoption of indoor farming in the region. These innovations enable year-round crop production, minimize water usage, and reduce the need for pesticides, making indoor vertical farming an appealing option for sustainability-focused consumers and businesses.
Major companies operating in Global Indoor
Farming Market are:
- LumiGrow Inc.
- Signify Holding BV
- Argus Control Systems Ltd.
- Netafim Ltd
- Logiqs BV
- Vertical Farm Systems
- General Hydroponics, Inc.
- Heliospectra AB
- Bright Farms Inc.
- Bowery Farming Inc.
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“The Global Indoor Farming Market is poised to witness
substantial growth in the coming years, driven by a multitude of factors.
Advancements in technology, particularly in the realm of artificial
intelligence (AI) and machine learning, are spearheading a revolution in indoor
farming practices. These innovations are not only optimizing crop yields but
also enhancing overall operational efficiency. Moreover, the pressing concerns
of climate change and the imperative need for food security on a global scale
are further fueling the demand for indoor farming solutions. In addition, a
rising trend towards organic food consumption is anticipated to contribute
significantly to the expansion of the market. With such promising developments,
the future of indoor farming looks increasingly bright and sustainable.,” said
Mr. Karan Chechi, Research Director of TechSci Research, a research-based
management consulting firm.
“Indoor Farming Market - Global Industry Size,
Share, Trends, Opportunity, and Forecast, Segmented By Farming Technique
(Hydroponics, Aeroponics, Aquaponics, Soil-Based, Hybrid), By Facility Type
(Greenhouse, Indoor Vertical Farm, Container Farm, Others), By Component
(Irrigation Component, Lighting, Sensor, Climate Control, Others), By Crop Type
(Fruits & Vegetables, Herbs & Greens, Flowers & Ornamentals,
Others), By Region and Competition, 2020-2030F”, has evaluated
the future growth potential of Global Indoor Farming Market and provides
statistics & information on market size, structure and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Indoor Farming Market.
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