Plant Factory Global Market Trends, Strategies, Opportunities For 2022-2031

The global plant factory market report by the business research company identifies the rise in demand for food due to the increasing population and challenges of climate change significantly contributes to be a major growth driver for the plant factory market. The world population and demand for food are growing and losses in yield gains due to soil infertility, demographic change, climate change, and pest outbreak are contributing to growth in the adoption of new plant factory methods for growing crops. For instance, In November 2020, according to a study published by International Institute for Applied Systems Analysis (IIASA), the food demand is expected to increase by 56% between 2010 and 2050. In Addition to it, currently, 40% of the landmass is arid, and due to rising temperature and climate change, more will turn into deserts causing a reduction in food production. Therefore, the rise in demand for food due to the increasing population and challenges of climate change is driving the growth of the plant factory market.

The global plant factory market size is expected to grow from 104.13 billion in 2021 to $112.19 billion in 2022 at a compound annual growth rate (CAGR) of 7.74%. The global plant factories market size is expected to grow to $145.34 billion in 2026 at a CAGR of 6.69%.

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Western Europe was the largest region in the plant factory market in 2021. The regions covered in the global plant factories market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Major players in the plant factory market are AeroFarms, Mirai Co. Ltd., Farminova Plant Factory, Metropolis Farms, Urban Crops, Lufa Farms, Keystone Technology Inc., Green Plus Co., Ltd., Parus Europe, and Ryoden Corporation.

The global plant factory market is segmented -
1) By Facility Type: Greenhouse, Indoor Farms, Others

2) By Light Type: Sunlight, Full Artificial Light

3) By Growing System: Non-Soil-Based, Soil-Based, Hybrid

4) By Crop Type: Fruits, Vegetables, Flower and Ornamental, Others

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The Plant Factory Market Report Contents Include
1. Executive Summary
2. Plant Factory Market Characteristics
3. Plant Factory Market Trends And Strategies
4. Impact Of COVID-19 On Plant Factory
5. Plant Factory Market Size And Growth
....
26. Africa Plant Factory Market
27. Plant Factory Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Plant Factory Market
29. Plant Factory Market Future Outlook and Potential Analysis
30. Appendix

This report covers the trends and market dynamics of the plant factory market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.

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