Press release
Indoor Farming Market to Reach USD 42.53 Bn by 2029, emerging at a CAGR of 11 percent and forecast 2023-2029
Indoor Farming Market
The report employs a rigorous research methodology, including primary and secondary research techniques, to gather and analyze data. Market trends, drivers, restraints, and opportunities are thoroughly examined to provide accurate and actionable insights.
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What are Indoor Farming Market Dynamics:
The Indoor farming has better output than traditional agricultural methods, which is one of its primary advantages. Indoor farming facilities offer ideal growing conditions for farmers, allowing them to cultivate a crop from seed to harvest in less time and with greater yields in each cycle while using less land. In 2022, the average output of greenhouse hydroponic tomatoes was 10.59 pounds per square foot, compared to 1.85 pounds per square foot for conventionally produced tomatoes, according to USDA statistics. As a result, by stacking additional layers and expanding the growing area, indoor farms can enhance overall crop output.
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Indoor Farming Market Regional Insights:
Europe: Held the largest market share in 2022, driven by increased adoption of indoor farm technology and government initiatives promoting sustainable agriculture.
North America: Witnessing rapid growth in greenhouses and vertical farms, supported by government incentives and urban agricultural trends.
Asia Pacific: Expected to experience the highest CAGR between 2022 and 2029, with countries like China and Japan leading the market due to significant investments in indoor farming technology and research.
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What is Indoor Farming Market Segmentation:
by Growing System
Hydroponics
Aeroponics
Aquaponics
Soil-based
Hybrid
by Facility Type
Greenhouses
Vertical Farms
Others
by Component
Hardware
Software
by Crop Type
Fruits, Vegetables, & Herbs
Flowers & Ornamentals
Others
Who are Indoor Farming Market Key Players:
1. Richel Group (France)
2. Netafim (Israel)
3. LumiGrow (U.S.)
4. Illumitex (U.S.)
5. Hydrodynamics International (U.S.)
6. Agrilution (Germany)
7. Argus Control System Limited (Canada)
8. Signify Holding (Netherlands)
9. Everlight Electronics (China)
10. Logiqs (Netherlands)
11. American Hydroponics (US)
12. Vertical Farm Systems (Australia)
13. General Hydroponics (US)
14. Heliospectra AB (Sweden)
15. Scotts Miracle Gro (US)
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Table of content for the Indoor Farming Market includes:
Global Indoor Farming Market: Research Methodology
Global Indoor Farming 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 Indoor Farming 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
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