Plant Factory Market worth $315.82 billion by 2030, growing at a CAGR of 9.40% - Exclusive Report by 360iResearch

The "Plant Factory Market by Facility Type (Container Farms, Greenhouses, Indoor Farms), Light Type (Fully Artificial, Sunlight), Growing System, Crop Type, End-Use - Global Forecast 2024-2030" report has been added to 360iResearch.com's offering.

The Global Plant Factory Market to grow from USD 168.37 billion in 2023 to USD 315.82 billion by 2030, at a CAGR of 9.40%.

Request a Free Sample Report @ https://www.360iresearch.com/library/intelligence/plant-factory?utm_source=openpr&utm_medium=referral&utm_campaign=sample

A plant factory, also known as a vertical farm or indoor farming system, is a form of controlled environment agriculture (CEA) that leverages precise technology to cultivate plants within an enclosed setting. This innovative farming approach seeks to optimize plant growth, productivity, and resource efficiency by closely monitoring and controlling environmental factors such as light, temperature, humidity, carbon dioxide levels, and nutrient delivery to the plants. The proliferation of plant factories can be attributed to the rising demand for fresh, local produce in urban areas, where traditional farming space is limited. This trend is particularly significant as the global population becomes more urbanized, fueling concerns about food security and the environmental impact of traditional agriculture. However, the chance of contamination by pests such as aphids and microorganisms can prevent hurdles to the growth and expansion of plant factories. Furthermore, the need for precise control of environmental parameters also proves cumbersome for new entrants in the field who lack access to advanced technologies. However, efforts by major manufacturers to explore the integration of technological innovations in artificial lighting, such as the extensive use of LED systems, have made plant factories more energy-efficient and productive. Moreover, the use of advanced sensors and the Internet of Things (IoT) in these cultivation systems has fuelled advancements in precision farming. Data-driven agriculture practiced in plant factories ensures optimal resource use and waste reduction, aligning with the sustainability goals that are important to consumers and governments.

The Americas region is characterized by advancements in lighting and automation technology, high investment capital, and the presence of key industry players. The United States leads the demand for plant factories with large-scale commercial farms and numerous startups focusing on technology-driven agriculture. Rising consumer awareness about healthy dietary habits and a preference for locally grown and organic crop produce has stimulated the growth of plant factories in this region. European markets are rapidly adopting plant factory systems as the region has a strong focus on reducing greenhouse gas levels and promoting sustainable agricultural practices. Multiple European nations serve as a hub for research and innovation in vertical farming. Scandinavian countries, with their limited daylight hours and cold climates, are increasingly looking towards indoor agriculture to ensure year-round fresh produce. In addition, countries such as the UK, France, and Germany are investing in research and adopting policies that encourage the development of urban farm facilities. Multiple APAC nations are focusing on advancing plant factory initiatives to cater to the demand for native crop plants and locally produced plant-based food. Japan has a strong focus on plant biotechnology research and has established the Japan Plant Factory Association (JPFA) to advance academic and business improvements in the global industry of plant factory and controlled environment agriculture. China, India, and South Korea are integrating plant factories into their urban and semi-urban areas to address food safety concerns.

Market Segmentation & Coverage:

This research report categorizes the Plant Factory Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Facility Type, market is studied across Container Farms, Greenhouses, Indoor Farms, and Water Culture Farms. The Container Farms is projected to witness significant market share during forecast period.

Based on Light Type, market is studied across Fully Artificial and Sunlight. The Fully Artificial is projected to witness significant market share during forecast period.

Based on Growing System, market is studied across Hybrid, Non-Soil Based, and Soil-Based. The Non-Soil Based is projected to witness significant market share during forecast period.

Based on Crop Type, market is studied across Flowers & Ornamentals, Fruits, and Vegetables. The Vegetables is projected to witness significant market share during forecast period.

Based on End-Use, market is studied across Commercial/Industrial, Research & Academic Institutions, and Residential. The Commercial/Industrial is projected to witness significant market share during forecast period.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Asia-Pacific commanded largest market share of 35.22% in 2023, followed by Europe, Middle East & Africa.

Inquire Before Buying @ https://www.360iresearch.com/library/intelligence/plant-factory?utm_source=openpr&utm_medium=referral&utm_campaign=inquire

FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Plant Factory Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in the Plant Factory Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

Key Company Profiles:

The report delves into recent significant developments in the Plant Factory Market, highlighting leading vendors and their innovative profiles. These include 4D Bios, Inc., AeroFarms, LLC, AppHarvest, Inc., Avisomo, Babylon Micro-Farms, Badia Farms, Bowery Farming, Inc., BrightFarms, CityCrop, Crop One, CubicFarm Systems Corp., Dream Harvest Farming LLC, Eden Green Technology, FARMINOVA Plant Factory, Gotham Greens Holdings, LLC, iFarm, Iron Ox, Inc., Kalera Inc., Mirai Co. Ltd., Plenty Unlimited Inc., SANANBIO, Sky Greens, Smallhold, Square Roots Urban Growers, Inc., Taiksha Ltd., Urban Crop Solutions, Vertical Harvest Farms, and VerticalField.

Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Plant Factory Market, by Facility Type
7. Plant Factory Market, by Light Type
8. Plant Factory Market, by Growing System
9. Plant Factory Market, by Crop Type
10. Plant Factory Market, by End-Use
11. Americas Plant Factory Market
12. Asia-Pacific Plant Factory Market
13. Europe, Middle East & Africa Plant Factory Market
14. Competitive Landscape
15. Competitive Portfolio

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the Plant Factory Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Plant Factory Market?
3. What is the competitive strategic window for opportunities in the Plant Factory Market?
4. What are the technology trends and regulatory frameworks in the Plant Factory Market?
5. What is the market share of the leading vendors in the Plant Factory Market?
6. What modes and strategic moves are considered suitable for entering the Plant Factory Market?

Read More @ https://www.360iresearch.com/library/intelligence/plant-factory?utm_source=openpr&utm_medium=referral&utm_campaign=analyst

Contact 360iResearch

Mr. Ketan Rohom
Sales & Marketing,
Office No. 519, Nyati Empress,
Opposite Phoenix Market City,
Vimannagar, Pune, Maharashtra,
India - 411014.
sales@360iresearch.com
+1-530-264-8485
+91-922-607-7550

About 360iResearch

360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.

We are a dynamic, nimble company that believes in carving ambitious, purposeful goals and achieving them with the backing of our greatest asset - our people.

Quick on our feet, we have our ear to the ground when it comes to market intelligence and volatility. Our market intelligence is diligent, real-time and tailored to your needs, and arms you with all the insight that empowers strategic decision-making.

Our clientele encompasses about 80% of the Fortune Global 500, and leading consulting and research companies and academic institutions that rely on our expertise in compiling data in niche markets. Our meta-insights are intelligent, impactful and infinite, and translate into actionable data that support your quest for enhanced profitability, tapping into niche markets, and exploring new revenue opportunities.

This release was published on openPR.