Indoor Farming Market: Global Industry Analysis and Forecast (2024-2030) by Growing System, Facility Type, and Region

Indoor Farming Market Overviews

Indoor farming is the process of producing vegetables in a closed and regulated environment, layered one on top of the other. Using vertically stacked growing shelves minimises the amount of ground space necessary to develop plants significantly when compared to traditional farming methods. By minimising the distance traversed in the supply chain, indoor farming boosts crop output while lowering farming's environmental effect.

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Indoor Farming Market Scope and Methodology:

Pesticides manage weeds, insects, nematodes, and plant infections, resulting in higher yields and better product quality. Herbicides also lower the cost of mechanical weed control by reducing the quantity of personnel, machinery, and fuel consumed. Pests are essentially non-existent in indoor vertical farms since they are entirely shut off from the outside world. As a result, insecticides and herbicides are almost unnecessary. Food grown is healthier, safer, and certified organic, which appeals to consumers even more.

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Indoor Farming Market Regional Insights

The North American region dominated the indoor farming market with a 39.6% share in 2023. With the use of high-efficiency LED lighting and enhanced indoor management practices, growers in the United States have been able to adopt large-scale indoor farming. These methods are predicted to cut energy lighting expenses by half, lowering the carbon footprint of controlled environment agriculture. The average production of standard lettuce farming doubled when cultivated vertically, according to the US Department of Agriculture (USDA). The greenhouse crop production sector currently dominates the indoor farming industry in the United States.

Indoor Farming Market Segmentation

By Growing System, the market is segmented as Aeroponics, Hydroponics, Aquaponics, Soil-based, and Hybrid. The Aeroponics segment dominated the market with a 45.1% share in 2023. Aeroponics is a technique of developing flowers in a misty environment without using conventional media like soil. Instead of dirt, the plant roots are positioned in packing containers containing plant nutrients. These packing containers are best for oxygenation and wetness, and they beautify the plant`s absorption of nutrients, bearing in mind quicker increase and cultivation. The seeds are sown on a stressed mesh, and the plant pots are stacked on pinnacle of 1 another, making it light-weight and portable.

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Indoor Farming Market Key Players

Signify Holding (Netherlands)
Everlight Electronics (China)
Argus Control Systems (Canada)
LumiGrow (US)
Netafim (Israel)
Logiqs (Netherlands)
Illumitex (US)
Hydrodynamics International (US)
American Hydroponics (US)

Key questions answered in the Indoor Farming Market are:

What is Indoor Farming?
What was the Indoor Farming market size in 2023?
What is the growth rate of the Indoor Farming Market?
Which are the factors expected to drive the Indoor Farming market growth?
What are the different segments of the Indoor Farming Market?
What growth strategies are the players considering to increase their presence in Indoor Farming?
What are the upcoming industry applications and trends for the Indoor Farming Market?
What are the recent industry trends that can be implemented to generate additional revenue streams for the Indoor Farming Market?
Who are the leading companies and what are their portfolios in Indoor Farming Market?
What segments are covered in the Indoor Farming Market?
Who are the key players in the Indoor Farming market?


Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2022)
Past Pricing and price curve by region (2018 to 2022)
Market Size, Share, Size & Forecast by Different Segment | 2024-2030
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Market Segmentation - A detailed analysis by segment with their sub-segments and Region
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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Established in 2018, Stellar Market Research is an India-based consulting and advisory firm focused on helping clients reach their business transformation objectives with advisory services and strategic business. The company's vision is to be an integral part of the client's business as a strategic knowledge partner. Stellar Market Research provides end-to-end solutions that go beyond key research technologies to help executives in any organization achieve their mission-critical goals. The company has clients from all across the globe, 23 % from India and others from Japan, Korea, Germany, United States, etc. The company uses its extensive industry knowledge, strong network, and know-how to provide complete insights that give clients a competitive advantage.

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