Turkey Plant Factory Market to Grow at 5.14% CAGR over 2025 to 2029
According to
TechSci Research report, “Turkey Plant Factory Market –Industry Size, Share,
Trends, Competition Forecast & Opportunities, 2019-2029F”, the Turkey
Plant Factory Market stood at USD 110.55 Million in 2023 and is
anticipated to project steady growth in the forecast period with a CAGR of 5.14% through 2029. The key drivers of
Turkey's Plant Factory Market can be attributed to a number of factors. The
growth in demand for high-quality, pesticide-free produce has led to an
increase in the adoption of vertical farming techniques. As urbanization
continues to rise, the need for space-saving agricultural practices becomes
more critical, pushing the development of plant factories. Advancements in
technology, such as artificial intelligence and precision agriculture, have
made plant factories a more feasible and profitable endeavor.
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"Turkey Plant Factory Market”
Turkey has
rapidly emerged as an important player in the global plant factory market. The
concept of plant factories, or vertical farming, is a form of controlled
environment agriculture (CEA), which aims to provide optimal growth conditions
for plants throughout the year, regardless of the external climate. In Turkey,
this market is witnessing a considerable growth due to several factors.
Turkey's
strategic geographical location at the crossroads of Europe, Asia, and Africa
gives it a unique advantage in the plant factory market. With vast fertile
lands and a climate conducive to agriculture, Turkey has traditionally been a strong
player in traditional farming. However, as the country looks towards
sustainable and efficient farming methods to meet the growing food demand,
plant factories have gained significant attention. The Turkish government has
been proactive in adopting new-age farming techniques, including plant
factories. It has initiated several policies and incentives to promote vertical
farming. For example, it offers tax incentives and subsidies to companies that
invest in such technologies. Consequently, many local and international
companies have established their plant factories in the country, contributing
to the market's growth.
Moreover,
Turkey's increasing urbanization rate is another factor driving the growth of
the plant factory market. With urban areas lacking space for traditional
farming, vertical farming provides a viable solution for urban food production.
Additionally, it helps in reducing the carbon footprint by eliminating the need
for long-distance transportation of produce.
In terms of
technology, Turkish plant factories are equipped with the latest systems for
irrigation, lighting, climate control, and automation, ensuring high-quality
yield throughout the year. Many Turkish universities and research institutions
are collaborating with industry players to further enhance these technologies. Despite
these positive trends, there are certain challenges that the Turkish plant
factory market faces. These include high setup and operational costs, the need
for skilled labor, and the lack of public awareness about the benefits of
vertical farming. However, with the government's continued support and the
growing interest from investors, the market is expected to overcome these
hurdles in the future.
The plant
factory market in Turkey is on a growth trajectory, with a confluence of
factors, including supportive government policies, technological advancements,
and increasing urbanization, driving its expansion. While challenges exist, the
overall scenario for the plant factory market in Turkey seems promising. The
country is well-positioned to be a major player in this field, not only in the
region but globally as well.
The Turkey Plant
Factory Market is segmented into facility type, light, growing system, type, regional
distribution, and company
Based on growing
system, in the Turkey Plant Factory Market, the Non-Soil-Based method, also
known as hydroponics, dominates the industry. This innovative technique has
gained immense popularity due to its efficient utilization of space and
resources, making it a sustainable solution for year-round high-quality
produce. By reducing the dependency on soil quality and minimizing the impact
of seasonal changes, hydroponics has become highly attractive to the Turkish
market, revolutionizing the way agriculture is practiced in the country.
In hydroponics,
plants are grown in nutrient-rich water solutions without the need for
traditional soil. This method allows for precise control over the plant's
environment, including temperature, pH levels, and nutrient delivery. With this
level of control, farmers can optimize growing conditions to maximize crop
yields and quality, regardless of external factors such as weather or soil
conditions. This not only ensures a consistent supply of fresh produce but also
minimizes the risks associated with crop failures. Furthermore, hydroponics
offers significant advantages in terms of resource management. Compared to
conventional farming methods, hydroponics uses up to 90% less water, as the
system recirculates and reuses water efficiently. Additionally, the controlled
environment minimizes the need for pesticides and herbicides, reducing the
environmental impact and promoting healthier food production. By adopting
hydroponics, the Turkish agricultural sector is paving the way for a more sustainable
and resilient future. The method's ability to produce high-quality crops
year-round, regardless of external conditions, ensures a stable food supply for
the population. Moreover, the efficient use of resources and reduced reliance
on traditional soil-based farming contribute to the preservation of land and
water resources in the long run.
Based on region,
the Marmara region, particularly Istanbul and its surroundings, is at the
forefront of driving the growth of the Turkish Plant Factory Market due to
several compelling factors. The region's dense population, fueled by the
bustling urban center of Istanbul, amplifies the demand for fresh, locally
produced food. This creates a highly attractive market for plant factories,
which can efficiently meet the increasing needs of the population. The high concentration of commercial
activities in and around Istanbul creates a favorable environment for
innovation and investment. This vibrant ecosystem nurtures a culture of
entrepreneurship and fosters collaborations between industry players and
technology-driven startups. The result is a dynamic atmosphere that encourages
the development and adoption of cutting-edge indoor farming technologies.
Moreover, the
Marmara region is home to a considerable number of tech-savvy entrepreneurs and
startups. Their expertise and passion for sustainability drive advancements in
indoor farming technology. These innovative minds are constantly pushing the
boundaries of what is possible in the realm of plant factories, exploring new
approaches to optimize resource utilization, improve crop yields, and enhance
overall operational efficiency. The Marmara region stands out for its proactive
approach towards sustainable urban development. Embracing the concept of plant
factories aligns perfectly with the region's commitment to reducing the carbon
footprint of agriculture while ensuring food security. By integrating these
innovative solutions into the fabric of urban planning, the region strives to
create a harmonious balance between urbanization and environmental
sustainability.
Major companies
operating in the Turkey Plant Factory Market are:
- Cantek Group (FARMINOVA)
- Plant Factory
- CY Group
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“The future of
the Turkey Plant Factory Market is poised for significant growth, driven by
advancements in vertical farming technologies and the escalating demand for
locally sourced, pesticide-free produce. As urbanization increases and arable
land becomes scarce, plant factories offer an innovative solution for high
yield crop production in controlled conditions. The adoption of artificial
intelligence, IoT, and robotics in these factories is expected to further streamline
operations and boost productivity. Thus, the coming years are likely to witness
a surge in investment and expansion in the Turkey Plant Factory Market.,” said
Mr. Karan Chechi, Research Director with TechSci Research, a research-based
management consulting firm.
“Turkey
Plant Factory Market
By Facility Type (Greenhouses, Indoor Farms, Others), By Light (Sunlight and
Artificial Light), By Growing System (Non-Soil-Based, Soil-Based, Hybrid), By
Type (Fruits & Vegetables, Ornamental Plants & Flowers, Others), By Region,
Competition, Forecast and& Opportunities, 2019-2029F”,
has evaluated the future growth potential of Turkey 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 Turkey Plant Factory Market.
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