Indoor Farming Market is Estimated to Witness Noteworthy Growth During 2021 to 2027 | AeroFarms, Gotham Greens, Plenty (Bright Farms), Lufa Farms, Beijing IEDA Protected Horticulture, Green Sense Farms, Garden Fresh Farms, Mirai, Sky Vegetables

Indoor Farming Market Overview:

The global Indoor Farming market report provides a complete in-depth evaluation and analysis of new upgrades in the market along with numerous sides of the market which are relevant to the statistics provided focusing mainly on the growth and development of the business. The study points to define the approximate size of the global Indoor Farming market depending upon the top geographical regions, end users, and product type. The report also introduces various forecasts of the market growth period. It consists of market categorization, specification, and overview, along with various drivers, opportunities, restraints, and challenges of the market. The study is segregated into diverse categories to simplify the understanding of the provided data and statistics and as well as the market dynamics. The report accurately studies the information on various key segments of the global Indoor Farming market, including geography, end-user, application, and type.

About Indoor Farming Market Insights:

Indoor farming is simply a method of cultivating various plants or crops, normally in a small scale, completely indoors. This way of cultivating uses artificial lighting and various growing techniques like hydroponics to give plants the proper nutrients and extra light levels needed for good growth. Most indoor farmers nowadays use modern indoor gardening equipment that makes the work a lot easier for them. Indoor farmers need a modern indoor gardening system with all its modern gadgets and gizmos to get their work done efficiently.

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Indoor Farming Market Dynamics:

Decrease in arable land is expected to propel growth of the indoor farming market over the forecast period. For instance, according to the study ‘Will Limited Land, Water, and Energy Control Human Population Numbers in the Future’, published in the journal Human Ecology, the amount of arable land available per person will decrease to 1500m² by 2050 from 4000m² in 1961. Moreover, increasing demand for food is also expected to aid in growth of the market. For instance, according to Food and Agriculture Organization, Asia Pacific needs to increase their food production by up to 77% by 2050 to meet food demand of increasing population.

Increasing funding in indoor farming is expected to offer lucrative growth opportunities for players in the indoor farming market. For instance, in May 2021, the U.S-based vertical farming startup Bowery Farming raised US$ 300 million in Series C. The round brought the company’s total funding to US$ 472 million.

Major players operating in the indoor farming market are focused on launching new products to expand their product portfolio. For instance, in 2020, Advanced Energy launched Artesyn iTS, its newest lighting and power control system for indoor, vertical and greenhouse farming.

Market Drivers:

With the increasing population in the world, especially in nations with developing economies, along with the increasing growth of various pesticides and fertilizer manufacturing plants all across the globe, the global Indoor Farming market is estimated to witness noteworthy growth during the forecast period.

Restraints:

Decrease in arable land is expected to propel growth of the indoor farming market over the forecast period

Opportunities:

Increasing funding in indoor farming is expected to offer lucrative growth opportunities for players in the indoor farming market

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Impact of COVID-19:

The outbreak of the COVID-18 pandemic in the year 2019, has negatively affected the growth of the global Indoor Farming market, owing to the absence of manual workforce and strict rules related to regional, domestic and international transport of raw materials and end-products to and from various manufacturers and various end-users.

Key Takeaways:

-- Decrease in arable land is expected to propel growth of the indoor farming market over the forecast period

-- Major players operating in the indoor farming market are focused on expanding their presence. For instance, in April 2021, AeroFarms announced the ground breaking of its second commercial indoor vertical farm in Danville-Pittsylvania County, Virginia. Similarly, in May 2021, BrightFarms announced the starting of its latest indoor farm in Hendersonville, NC.

-- Major players operating in the indoor farming market include, AeroFarms, Gotham Greens, Plenty (Bright Farms), Lufa Farms, Beijing IEDA Protected Horticulture, Green Sense Farms, Garden Fresh Farms, Mirai, Sky Vegetables, Advanced Energy, TruLeaf, Urban Crops, Sky Greens, GreenLand, Scatil, Jingpeng, and Metropolis Farms

The global Indoor Farming market size was valued at US$ XX billion in 2020 and is estimated to grow at a compound annual growth rate (CAGR) of XX% from 2020 to 2027.

The Report Includes-

• Research Methodology
• Report Introduction
• List of Table & Figures
• Overview of the Market
• Regional Analysis
• Market Size, Trends and Shares
• In-Depth Industry Analysis
• Market Drivers
• Opportunities Present In the Market
• Market Restrains

Market Segmentation On The Basis Of Product
• Hydroponics
• Aeroponics
• Others

Market Segmentation On The Basis Of Application
• Vegetable Cultivation
• Fruit Planting
• Others

Market Segmentation On The Basis Of Region
• North America
• South America
• Europe
• Asia-Pacific
• Middle East & Africa

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This report covers:

1. This report assess the outlook of the market with the latest trends and SWOT analysis along with the market value (USD Million) and volume (Units Million) data for each segment and sub-segment
2. The Indoor Farming Market report also offer market dynamics and emerging opportunities in the near future
3. Market segmentation analysis including qualitative and quantitative research based on economic and non-economic aspects
4. Competitive dashboard involving the market share of key players, along with the new products and strategies adopted by players in the past five years
5. Offer company profiles covering the key financial information, product offerings, recent developments, and strategies adopted by the key market players

Why Opt for Stratagem Market Insights’ Reports?

Our strength lies in the unrivaled diversity of our people, methodologies, specialisms, and points of view. This market has a significant impact on the COVID-19 pandemic. Our experts are closely monitoring the industry to capture and analyze appropriate indicators.

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