United States Plant Factory Market to Grow Due to Advancing Technology until 2026
Surging demand for advanced
agriculture methods is driving the growth of United States Plant Factory
Market, in the forecast period, 2022-2026.
According to TechSci report on, “United States Plant Factory Market By Facility Type
(Greenhouses, Indoor Farms, Others), By Light (Sunlight v/s Artificial Light), By
Growing System (Non-Soil-Based, Soil-Based, Hybrid), By Crop Type (Fruits &
Vegetables, Ornamental Plants & Flowers, Others) By Region, Competition
Forecast & Opportunities, 2026”, United
States plant factory market
has shown promising growth in historical years until 2019 and is expected to
continue its growth in upcoming forecast years 2021 to 2026. United States plant
factory market owes its growth to the factors like rapidly increasing demand
for the higher yielding crops. Increasing demand for indoor farming and
artificial plant culture is also driving the future growth of the United States
plant factory market in the upcoming five years. Demand for efficient and
effective methods of agricultural practices along with decreasing the farmer’s
demand for the excessive resources is substantiating the growth of the United
States plant factory market in the next five years.
Closed agriculture
crop and fruits & vegetable growing system that enables the grower to grow
crops round the year is defined as plant factory. These infrastructures utilize
the resources like artificial lights, temperature, moisture, and carbon dioxide
concentrations. Technological advancements like modeling 3D vegetation are
feasible due to plant factories. The plant factory enables systematic, stable
production of safe, high quality, crops without being affected by seasonal
changes and weather conditions. The environmental conditions are exceptionally
controlled for the higher yielding plant growth in accurate and artificial
ways.
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The United
States plant factory market is segmented by facility type, light, growing
system, crop type, competitional landscape, and regional distribution. Based on
light, the market is further divided between sunlight and artificial lights.
The purpose of indoor plant factories is to increase the yield of the plants
and crops by providing artificial resources. Although plant factories that have
partially open sunlight sources are making significant growth in the future
five years. Other methods include using solar panels to collect, store, and
utilize the sunlight to artificially provide the light for 24 hours-time
period. Artificial lights are also expected to show robust growth in the next
five years on the account of rapidly increasing number of indoor farms in the
country. Although these facilities are quite expensive for the initial
settlement and requires extended maintenance.
Based on
facility type, the market is further bifurcated into green houses, indoor
farms, and others. Green houses are anticipated to dominate the market segment
and generate maximum revenue shares of the market in the upcoming five years on
the account of rapidly increasing number of the green houses in the States. Agricultural
practices that involve the artificial lighting, moisture control, and
temperature monitor are available and their surging demand is further
supporting the growth of the United States plant factory market in the next
five years. Moreover, the advancing practices of the indoor crops and growing
popularity of the greenhouse farms is further substantiating the growth of the
global plant factory market in the future five years.
The United
States plant factory market’s major market player list includes Aero Farms,
LLC, Brigth Farms Inc., Gotham Greens Farms LLC, Bowery Farming Inc., App Harvest,
Inc., Plenty Unlimited Inc., Iron Ox, Inc., Vertical Harvest Farms, Dream
Harvest Farming LLC, among others. These market players hold larger shares of
the market than the new market players. With the evolving technology, it is
appropriate to say that the effective research and development of the
technologically advanced instruments and methods to satisfy consumer demands
would support the market growth and benefit the market players as well as the
consumers. New market players may focus on the research and development to
provide such products and services that satisfies the consumer demand as well
as benefits the market players in building their brand value. Other competitive
strategies include mergers & acquisitions and new product developments.
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“The market is showing robust growth on the account of rapidly
increasing plant factories and their popularity among the urban population.
Moreover, to combat the environmental changes and climatic changes that are
affecting the crop yields plant factory methods are actively utilized and thus
aiding the growth of the United States plant factory market. New market players
must focus on the technological development of the methods and advanced
equipment development. Development of the digital services that monitors the
parameters of the plant growth would help in the future brand establishment,”
said Mr. Karan Chechi, Research Director with TechSci Research, a research
based global management consulting firm.
“United States Plant
Factory Market By Facility Type (Greenhouses, Indoor Farms, Others), By Light
(Sunlight v/s Artificial Light), By Growing System (Non-Soil-Based, Soil-Based,
Hybrid), By Crop Type (Fruits & Vegetables, Ornamental Plants &
Flowers, Others) By Region, Competition Forecast & Opportunities, 2026” has evaluated the future growth potential of United
States plant factory 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 United States plant
factory market.
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