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Strategic Partnerships Drive Innovation In Indoor Farming Technology Trend: A Crucial Influence on the Indoor Farming Technology Market's Transformation in 2025
Which drivers are expected to have the greatest impact on the over the indoor farming technology market's growth?The indoor farming technology market's expected growth can be attributed to the increasing implementation of vertical farming in agriculture. Some key benefits of vertical farming include enhanced crop growth, lowered water consumption, less reliance on external weather elements or temperatures, reduced labor expenses, and superior energy preservation. According to a farming expertise-sharing forum, Europe is experiencing a notable surge in vertical farming. Several countries vie for a dominant stance in this market, leading to the emergence of numerous new farms. For instance, Jones Food Company in the UK, through vertical farming, cultivates around 400 tons of crops like kale, coriander, and radish every year. The firm has approximately 5,000 square meters dedicated to vertical farms in Europe. Thus, the surge in vertical farming adoption is propelling the indoor farming technology market's expansion.
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What is the future CAGR of the indoor farming technology market, and how will it impact industry expansion?
In recent times, the market size for indoor farming technology has seen speedy growth. The market, which is projected to rise from $37.22 billion in 2024 to $42.08 billion in 2025, is estimated to have a compound annual growth rate (CAGR) of 13.1%. The historical period's growth is mainly due to the rising demand for sustainable agriculture, increased urbanization, the local food movement, and the growing population.
The size of the indoor farming technology market is anticipated to significantly expand in the coming few years. The market's projected growth is to reach $68.28 billion by 2029, with a compound annual growth rate (CAGR) of 12.9%. The surge in growth during the forecasted period could be due to factors like climate change, water scarcity, consumer tastes, government backing and incentives, global pandemic concerns and issues surrounding food security. Key trends expected within this period encompass enhanced investment, tech innovations, vertical farming, controlled environment agriculture (CEA), advancements in led lighting, automation and robotics, ai and data analytics, introduction of new crops and varieties, along with collaborations and partnerships.
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What are the most significant trends transforming the indoor farming technology market today?
The indoor farming technology market is being moulded by strategic partnerships. Unified endpoint management firms are entering collaborations, for instance, in May 2023, Seasony, a robotics firm based in Denmark, joined forces with iFarm LLC. This alliance will enable iFarm's clients to automate transportation and monitoring operations by integrating the Watney mobile robot platform into their farming setups. Consequently, this collaboration will provide farmers with a sustainable and efficient option for indoor farming, thereby causing a revolution in the farming sector. Based in Finland, iFarm LLC offers indoor farming technology solutions.
Which key market segments comprise the indoor farming technology market and drive its revenue growth?
The indoor farming technology market covered in this report is segmented -
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
Subsegments:
1) By Fruits And Vegetables: Tomatoes, Lettuce, Peppers, Cucumbers, Strawberries
2) By Flowers And Ornamentals: Cut Flowers, Potted Plants, Foliage Plants
3) By Herbs And Microgreens: Basil, Cilantro, Chives, Radish Microgreens, Other Herbs And Microgreens
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What regions are at the forefront of indoor farming technology market expansion?
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 indoor farming technology market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Who are the leading players fueling growth in the indoor farming technology market?
Major companies operating in the indoor farming technology market include Advanced Nutrients Holdings Inc., Agrilution GmbH, American Hydroponics LLC, BrightFarms Inc., General Hydroponics Inc., Hydrodynamics International Inc., Logiqs B. V., Netafim USA, Richel Group SA, Vertical Farm Systems Pty Ltd, AeroFarms LLC, Bowery Farming Inc., Emerald Harvest Inc., Freight Farms Inc., FreshBox Farms LLC, Grobo Inc., Metropolis Farms Inc., The Scotts Miracle-Gro Company, VitaLink Limited, Plenty Unlimited Inc., Crop One Holdings Inc., 80 Acres Farms LLC, Oasis Biotech Limited, AppHarvest Inc., Gotham Greens Holdings LLC, Green Sense Farms Holdings Inc., Lufa Farms Inc., Farm. One Inc., Infarm AG, Square Roots Inc., iFarm Project Ltd., Urban Crop Solutions NV, Local Roots Farms LLC, Kalera Inc., Valoya Oy, Heliospectra AB, Fluence by OSRAM GmbH, AEssenseGrows Inc., Nordic Harvest A/S
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What Is Covered In The Indoor Farming Technology Global Market Report?
•Market Size Forecast: Examine the indoor farming technology market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the indoor farming technology market for a structured understanding.
•Key Players Overview: Analyze major players in the indoor farming technology market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the indoor farming technology market.
•Segment Contributions: Evaluate how different segments drive overall growth in the indoor farming technology market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the indoor farming technology market.
•Industry Challenges: Identify potential risks and obstacles affecting the indoor farming technology market.
•Competitive Landscape: Review strategic developments in the indoor farming technology market, including expansions, agreements, and new product launches.
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