Plant Factory Market Production, Revenue, Consumption, Price and Growth Rate 2023-2029 -AeroFarms, Gotham Greens, Plenty (Bright Farms), Lufa Farms

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The Global Plant Factory Market Size, Scope, and Forecast 2023-2029 report has been added to the Market research collection of Market Insights Reports. Industry experts and researchers have offered an authoritative and concise analysis of the Plant Factory Market with respect to various aspects such as growth factors, challenges, restraints, developments, and opportunities for growth. This report provides a pin-point analysis of changing dynamics and emerging trends in the Plant Factory Market. Additionally, it provides a futuristic perspective on various factors that are likely to fuel the growth of the Worldwide Plant Factory Market in the coming years.

The plant factory market is anticipated to reach USD 138 million in 2023 and USD 196 million in 2028, growing at a CAGR of 7.4%. Due to a number of factors, the demand for plant factories has been steadily rising over time. The need to produce more food sustainably and the expanding global population are two major factors. A solution is provided by plant factories, which use cutting-edge technology to grow crops in a controlled environment, enabling year-round production and higher yields. Additionally, plant factories can reduce the amount of water and land needed for farming, which makes them a desirable option for nations with a shortage of both water and arable land.

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Some of the key players profiled in the study are AeroFarms, Gotham Greens, Plenty (Bright Farms), Lufa Farms, Beijing IEDA Protected Horticulture, Green Sense Farms, Garden Fresh Farms, Mirai, Sky Vegetables, TruLeaf, Urban Crops, Sky Greens, GreenLand, Scatil, Jingpeng, Metropolis Farms, Plantagon, Spread, Sanan Sino Science, Nongzhong Wulian and other Prominent players.

Recent Developments

In Sept 2022, MIRAI Co., Ltd.  concluded an agreement with ONNNA Greens AS, Norway for the cultivation equipment for a fully closed artificial light-type plant factory for the second expansion phase, in addition to the factory already in operation. This agreement will strengthen the company's cooperation in the development of various labor-saving equipment.

Competition is an important issue in any market research analysis. With the help of the competitive analysis provided in the report, players can easily study the key strategies employed by leading players in the Plant Factory market. The major and emerging players of the Plant Factory Market are closely studied considering their market share, production, sales, revenue growth, gross margin, product portfolio, and other important factors. This will help players familiarize themselves with the movements of their toughest competitors in the Plant Factory market.

The segmental analysis section of the report includes a thorough research study on key type and application segments of the Plant Factory market

Plant Factory Market (By Types)

Aeroponics

Hydroponics

Other

Plant Factory Market (By Application)

Vegetable Cultivation

Fruit Planting

Other

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If opting for the Global version of Plant Factory Market; then the below country analysis would be included:

- North America (the USA, Canada, and Mexico)

The North America market is projected to contribute the second largest share for the plant factory market.

North America is home to a large number of plant factory companies, ranging from start-ups to established players, all focused on developing and scaling innovative solutions to meet the growing demand for fresh, high-quality produce. For instance, Plenty, a San Francisco-based vertical farming start-up that uses machine learning and robotics to optimize plant growth and reduce water usage. Plenty's plant factories are able to produce crops year-round, with up to 350 times more yield per square foot than traditional farming methods. The company has raised over USD 500 million in funding and has partnered with several major retailers and restaurants to provide locally grown produce.  According to Agricultural Marketing Resource Centre 2021, greenhouse crops are the top 10 commodities in 42 states and the top five commodities grown in 27 states in the USA. Moreover, ten US states provide more than two-thirds of the nursery crop output grown in greenhouses, with California supplying around 20% of the total. In the United States, greenhouse farming is becoming more and more popular as a means of producing local, fresh vegetables without the need for cold weather.

- Europe (Germany, France, the United Kingdom, Netherlands, Italy, Nordic Nations, Spain, Switzerland, and the Rest of Europe)

- Asia-Pacific (China, Japan, Australia, New Zealand, South Korea, India, Southeast Asia, and the Rest of APAC)

- South America (Brazil, Argentina, Chile, Colombia, the Rest of the countries, etc.)

- the Middle East and Africa (Saudi Arabia, United Arab Emirates, Israel, Egypt, Turkey, Nigeria, South Africa, Rest of MEA)

Important years considered in the Plant Factory study:

Historical year - 2017-2021;
Base year - 2022;
Forecast period** - 2023 to 2029 [** unless otherwise stated]

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Table of Contents:

Introduction of the Global Plant Factory Market
- Overview of the Market
- Scope of Report
- Assumptions
Executive Summary
Research Methodology of Market Insights Reports
- Data Mining
- Validation
- Primary Interviews
- List of Data Sources
Global Plant Factory Market Outlook
- Overview
- Market Dynamics
- Drivers
- Restraints
- Opportunities
- Porters Five Force Model
- Value Chain Analysis
Global Plant Factory Market, By Product
Global Plant Factory Market, By Application
Global Plant Factory Market, By Geography
- North America
- Europe
- Asia Pacific
- Rest of the World
Plant Factory Manufacturing Cost Analysis
Global Plant Factory Market Competitive Landscape
- Overview
- Company Market Ranking
- Key Development Strategies
Industrial Chain, Sourcing Strategy and Downstream Buyers
Marketing Strategy Analysis, Distributors/Traders
Company Profiles
Appendix

Reasons to Procure this Report:

The research would help top administration/policymakers/professionals/product advancements/sales managers and stakeholders in this market in the following ways.

The report provides Plant Factory market revenues at the worldwide, regional, and country levels with a complete analysis to 2029 permitting companies to analyze their market share and analyze projections, and find new markets to aim for.

The research includes the Plant Factory market split by different types, applications, technologies, and end-uses. This segmentation helps leaders plan their products and finances based on the upcoming development rates of each segment.

Plant Factory market analysis benefits investors by knowing the scope and position of the market giving them information on key drivers, challenges, restraints, and expansion chances of the market and moderate threats.

This report would help to understand competition better with a detailed analysis and key strategies of their competitors and plan their position in the business.

The study helps evaluate Plant Factory business predictions by region, key countries, and top companies' information to channel their investments.

What is new in 2023?

- Major developments that can change the business landscape as well as market forecasts.

- Addition/refinement in segmentation-Increase in depth or width of segmentation of the market.

- Coverage of new market players and change in the market share of existing players of the Plant Factory market.

- Updated financial information and product portfolios of players operating in the Plant Factory market.

- Updated market developments of the profiled players.

- Any new data points/analysis (frameworks) which was not present in the previous version of the report

The new edition of the report consists of trends/disruptions on customer's business, tariff and regulatory landscape, pricing analysis, and a market ecosystem map to enable a better understanding of the market dynamics for Plant Factory.

Customization services available with the report:

-20% customization.

-Five Countries can be added as per your choice.

-Five Companies can added as per your choice.

- customization upto 40 hours.

-Post-sales support for 1 year from the date of delivery.

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