Press release
Plant Factory Market size was valued at USD 118.2 Bn in 2022 and Plant Factory Market revenue is expected to reach USD 189.4 Bn by 2029, at a CAGR of 7.3 % over the forecast period (2023-2029)
Plant Factory Market Report Scope and Research Methodology :The report provides a comprehensive overview of the Plant Factory Market, encompassing market dynamics, technological trends, regional insights, and a detailed analysis of market segments based on technology, components, and end-users.
Maximize Market Research Pvt Ltd employed a rigorous research methodology, utilizing both qualitative and quantitative approaches to gather and analyze data. The report offers valuable insights, ensuring accuracy and reliability.
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Plant Factory Market Dynamics:
The Plant Factory Market is driven by the growing demand for fresh, locally grown produce, as consumers prioritize freshness, sustainability, and food security. Advancements in technology and automation further contribute to market growth, enhancing operational efficiency and resource utilization.
The growing consumer demand for fresh, locally grown produce acts as a primary driver for the Plant Factory Market. Consumers prioritize freshness, nutritional value, and sustainability, with plant factories meeting these demands through controlled environment agriculture, ensuring year-round crop production independent of weather conditions.
Plant Factory Market Regional Insights:
North America: Holds the largest market share (30%) with the United States leading the region. The market is driven by the demand for fresh, locally-grown produce, awareness of plant-based diets, and a focus on sustainability. The North American market is projected to reach USD 8.9 Bn, growing at a CAGR of 25.7%.
Asia Pacific: Commands a substantial market share (24%) in 2022. Factors such as population growth, rapid urbanization, limited arable land, and a focus on sustainable agriculture drive market growth. China is the largest market in the region, followed by Japan and South Korea.
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Plant Factory Market Segmentation:
by Technology
Hydroponics
Aeroponics
Aquaponics
Vertical Farming Systems
Artificial Lighting
Climate Control Systems
Automation
by Component
Lighting Systems
Climate Control Systems
Sensors and Monitoring Devices
Growing Media
Nutrient Delivery Systems
Automation and Control Systems
by End User
Retail Stores
Food Service
Online Grocery Delivery
Industrial Ingredient Suppliers
Plant Factory Market Key Players:
1. AeroFarms
2. Gotham Greens
3. AppHarvest
4. Bowery Farming
5. Plenty Unlimited Inc.
6. Mirai Co. Ltd.
7. Farminova
8. Iron Ox,
9. Taiksha Ltd.
10. Crop One
11. Vertical Harvest
12. Farmone
13. Smallhold
14. Oishii
15. Agricool (France)
16. AppHarvest (US)
17. BrightFarms
18. Farminova
19. Taiksha
20. Farmone
21. Smallhold
To Gain More Insights into the Market Analysis, Browse Summary of the Research Report :https://www.maximizemarketresearch.com/market-report/plant-factory-market/203763/
Table of content for the Plant Factory Market includes:
1. Global Plant Factory Market: Research Methodology
2. Global Plant Factory Market: Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
3. Global Plant Factory Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
4. Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
Key Offerings:
Past Market Size and Competitive Landscape
Past Pricing and price curve by region
Market Size, Share, Size and Forecast by different segment | 2023-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by growth and trend
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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