Indoor Farming Market To Grow With Modernizing Agro-Industry During the Forecast Period
Evolving methods of agriculture is
driving the growth in Global Indoor Farming Market in the forecast period,
2022-2026.
According
to TechSci Research report, “Global Indoor Farming Market 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, Competition Forecast & Opportunities, 2026”,
the global indoor farming market may potentially project an impressive growth
in the forecast period, 2022-2026, with an impressive CAGR on the account of rapidly
increasing demands for the healthier aspects of agricultural practices.
Decreasing availability of the land for the crop cultivation is also driving
the growth of the global indoor farming market in the upcoming five years. The
demand for the higher yielding crops is also supporting the growth of the
global indoor farming market in the next five years. Indoor farming is an
agricultural practice that is considered as a part of modern agricultural
practices for cultivating crops in healthier environment. This method utilizes
artificial lights, and necessary nutrient supplier for the cultivation of
various crops. Unlike traditional methods, the crops can be grown round the
year and thus it is anticipated to register higher yield than traditional
agricultural practices. Rising global population and a consistent demand for
sufficient food supplies is also aiding the growth of the market. Rapid
urbanization, increasing number of modern infrastructure and demand for the
land for same is creating land scarcity further and aiding the growth of the
global indoor farming market in the forecast years until 2026.
Browse over XX market data Figures spread through 110 Pages and an in-depth TOC on " Global Indoor farming Market".
The global indoor farming market is segmented by
farming technique, facility type, component, crop type, competitional
landscape, and regional distribution. Based on facility type, the market is
fragmented into greenhouse, indoor vertical farm, container farm, and others.
Greenhouse facility for indoor farming is anticipated to hold the largest
revenue shares of the market and assert its dominance over the market segment
in the upcoming five years on the account of increase in the demand for
sustainable food production. Moreover, greenhouse agricultural practices are
widespread in the countries where traditional agricultural cropping is not
possible. Moreover, in the regions like North America and Asia Pacific the
greenhouse facilities are rapidly increasing and thus aiding the growth of the
global indoor farming market in the next five years. Indoor vertical farms are
gaining popularity in Middle East and Africa region and supporting growth of
the global indoor farming market.
Based on farming technique, the market is further
bifurcated into hydroponics, aeroponics, aquaponics, soil-based, and hybrid.
Soil-based indoor farming is anticipated to hold the largest revenue shares of
the market and dominate the market segment on the account of ability of the method
to enhance the harvesting cycle of the crop plants as compared to traditional
farming method, and thereby support the growth of global indoor farming market
in the upcoming five years. Aeroponics indoor farming technique is expected to
register the fastest growing CAGR rate in the upcoming five years on the
account of its advantages like faster plant growth, enabling the cultivation of
more plants or seeds in lesser time than normal conditions, along with computer
managed system for releasing moist air at regular intervals. The system does
not require frequent use of pesticides, weeding, and other maintenance
processes as compared to conventional farming and thus its supporting the
growth of global indoor farming market in the future five years of forecast.
Holding the major shares of the global indoor
farming market are LumiGrow Inc., Signify Holding BV, Argus Control Systems
Ltd., Netafim Ltd, Logiqs BV, Richel Group, Vertical Farm Systems, General
Hydroponics, Inc., Heliospectra AB, Bright Farms Inc., Bowery Farming Inc.,
FreshBox Farms, Metropolis Farms Inc., Village Farms International Inc., Green
Sense Farms LLC, among others. Market players are actively involved in the
research and technological development in the product developments. The advanced
technology has made it possible for the industry to provide excellent services
through indoor farming. Further advancement would aid the market value and
brand establishment in the future five years. New market players may focus on
the research and development to provide options 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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“Asia Pacific region is expected to hold
the largest revenue shares of the market in the future five years and the
growth can be accounted to rising demand for the technological advancement ion
the agricultural sector in the countries like India, Taiwan, Singapore, etc.
Moreover, these countries are experiencing increased investment from private
overseas businesses in the agriculture sector along with the government’s
favorable initiatives thereby supporting the growth of the global indoor
farming. Modernization of the crop management techniques are in demand in the
region and further ensuring the growth of the global indoor farming market,”
said Mr. Karan Chechi, Research Director with TechSci Research, a research
based Global management consulting firm.
“Global Indoor Farming Market 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, Competition Forecast & Opportunities, 2026”, has evaluated the future
growth potential of global indoor farming 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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