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Indoor Farming Technology Market: Promising Growth Driven By Innovative Trends, Key Players, and CAGR of 13.1% to 12.9% through 2025-2029

Indoor Farming Technology Market

Indoor Farming Technology Market

Trends, drivers, and key players are reshaping the Indoor Farming Technology Market, propelling growth from $37.22 billion in 2024 to $42.08 billion in 2025, and further to $68.28 billion in 2029.

What Is The Projected Market Size Of The Global Indoor Farming Technology Market And Its Growth Rate?

o 2024 Market Size: $37.22 billion

o 2025 Market Size: $42.08 billion (13.1% CAGR)

o 2029 Market Size: $68.28 billion (12.9% CAGR)

The surging demand for sustainable agriculture, coupled with increased urbanization and a growing population, can be attributed to the historic period's growth. The forecast period's growth will be driven by climate change, water scarcity, consumer preferences, government support and incentives, and concerns over global pandemic and food security.

What Is Driving The Growth In The Indoor Farming Technology Market?
The growth in the indoor farming technology market can be attributed to the rising adoption of vertical farming in agriculture. Some of the main advantages of vertical farming are optimized crop growth, reduced water usage, minimal dependence on external weather conditions or temperatures, decreased labor costs, and better energy conservation. As per a forum used for sharing farming experiences, Europe experiences a significant rise in vertical farming. Countries are competing to dominate the market, contributing to the emergence of new farms. Therefore, the adoption of vertical farming is driving the growth of indoor farming technology.

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Who Are the Key Players Driving Indoor Farming Technology Market Growth?

o Advanced Nutrients Holdings Inc.

o Agrilution GmbH

o American Hydroponics LLC

o BrightFarms Inc.

o General Hydroponics Inc.

o Hydrodynamics International Inc.

o Logiqs B. V.

o Netafim USA

o Richel Group SA

o Vertical Farm Systems Pty Ltd

o AeroFarms LLC,

o Bowery Farming Inc.

o Emerald Harvest Inc.

o Freight Farms Inc.

o FreshBox Farms LLC,

o Grobo Inc.

o Metropolis Farms Inc.

o The Scotts Miracle-Gro Company

o VitaLink Limited

o Plenty Unlimited Inc.

o Crop One Holdings Inc.

o 80 Acres Farms LLC

o Oasis Biotech Limited

o AppHarvest Inc.

What Are The Key Trends In The Indoor Farming Technology Market?

o Increased investment

o Technological innovation

o Vertical farming

o Controlled environment agriculture (CEA)

o LED lighting advancements

o Robotics and automation

o AI and data analytics

o Novel crops and varieties

o Collaboration and partnerships

What Are The Segments Of The Global Indoor Farming Technology Market?

1) By Crop Type: Fruits And Vegetables, Flowers And Ornamentals, Herbs And Microgreens

2) By Component: Hardware, Software And Services, Integrated Systems

3) By Facility Type: Glass Or Poly Greenhouses, Indoor Vertical Farms, Container Farms, Indoor Deep Water Culture Systems

4) By Growing System: Aeroponics, Aquaponics, Hybrid

Which Region Leads The Indoor Farming Technology Market?

North America was the largest region in the indoor farming technology market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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What Is Covered In The Indoor Farming Technology Market Global Market Report?

- Market Size Analysis: Analyze the Indoor Farming Technology Market size by key regions, countries, product types, and applications.

- Market Segmentation Analysis: Identify various subsegments within the Indoor Farming Technology Market for effective categorization.

- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.

- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.

- Market Contribution: Evaluate contributions of different segments to the overall Indoor Farming Technology Market growth.

- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.

- Industry Challenges: Analyze challenges and risks affecting the Indoor Farming Technology Market.

- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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