Indoor Farming Technology Market is expected to reach USD 69.61 million by 2030 , registering a CAGR of 11.4% during the forecast period of 2023 to 2030

Data Bridge Market Research analyses that the indoor farming technology market, valued at USD 29.35 million in 2022, will reach USD 69.61 million by 2030, growing at a CAGR of 11.4% during the forecast period of 2023 to 2030.

Market Overview

C furthermost popular types grown indoors. Indoor farms can be functioned on a large scale and can be shaped in small areas or basements. Some indoor farms which are being operated at greenhouses can use a combination of natural and artificial resources. Indoor farming technology desists from using any insecticides and no fungicides so that the food is healthier and safer.

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Indoor Farming Technology Market Dynamics
Drivers

• Higher yields need limited space and water.
One of the key aids of indoor farming technology is its higher yield compared to conventional farming methods, enclosed services are used in indoor farming which creates the best growing
circumstances for farmers to grow a crop from seed to the harvesting stages. Lesser time and best higher yields in each cycle with limited land area. For instance, USDA says, in 2016 the average yield of seeds grown in greenhouse hydroponics was 10.59 pounds per square foot, and that of conventionally grown seeds was 1.85 pounds per square foot .so, indoor farms can increase the overall crop yield by stacking additional layers and increasing the growing area, it says that as compare to traditional farming farmers need less space for growing large amount of crop which will drive the growth of indoor farming technology market.

• Acceptant of indoor farming technology due to high benefit
Indoor vertical farming has given new technology for agriculture and is rapidly creating the attention of newer generations. Indoor farming technology allows optimizing of crop yield and is more environmentally sustainable and low-cost as compared to other conventional farming approaches. Some major benefits of indoor farming are optimized crop growth, reduced water usage, less necessity on outdoor weather conditions or temperatures, cut labor costs, and better energy conservation which indoor farming practices worldwide, which is expected to drive the market growth of indoor farming technology.

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