Rising Food Demand And Climate Challenges Driving Growth Of Plant Factory Market: A Key Catalyst Accelerating Plant Factory Market Growth in 2025

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Plant Factory Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size for plant factories has been experiencing robust growth in recent years. The market is set to expand from $130.6 billion in 2024 to $138.61 billion in 2025, with a compound annual growth rate (CAGR) of 6.1%. Factors contributing to this growth during the historical period include a surge in demand for fresh, locally grown produce, less available agricultural land due to urbanization, rising concerns over food security and supply chain durability, advancements in controlled environment agriculture (cea) technologies, the necessity for consistent year-round crop production, and a heightened focus on sustainable and resource-efficient farming methods.

Plant Factory Market Size Forecast: What's the Projected Valuation by 2029?
Expectations are robust for the plant factory market size, with predictions for substantial growth over the next several years. By 2029, it is forecasted to reach $182.24 billion, expanding at a compound annual growth rate (CAGR) of 7.1%. This growth projection in the upcoming period can be linked to the use of hydroponic and aeroponic growing techniques, an increase in urban farming and rooftop greenhouse initiatives, advancements in plant factory automation and robotics, the demand for pesticide-free and non-gmo crops, and a focus on large-scale, high-density crop cultivation. Key trends to look out for during this forecast period encompass the incorporation of AI and machine learning, stackable and modular growing systems, the use of advanced LED grow lights and spectral tuning, hybrid systems that merge natural and artificial lighting, as well as the use of blockchain and traceability in urban agriculture.

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What Are the Drivers Transforming the Plant Factory Market?
The expanding global population and the realities of climate change pushing up food demand substantially contribute to the development of the plant factory market. The global populace is growing, mirroring this growth in food requirements. The decline in crop yield due to soil infertility, demographic shifts, climate change, and pest infestations encourage the use of modern plant factory techniques for crop production. For example, as per the data from the U.S. Department of Agriculture, a federal agency in the US, the Canadian convenience food market skyrocketed to 11.65 billion CAD in 2022, up from 10.39 billion CAD in 2021. Simultaneously, the convenience food market in Europe experienced growth, closing at 2.09 billion EUR from 2 billion EUR. Therefore, the escalating demand for food owing to a booming population and climate change-induced challenges fuels the expansion of the plant factory market.

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What Trends Will Shape the Plant Factory Market Through 2029 and Beyond?
Leading corporations in the plant factory industry, like Plenty, are launching innovative indoor farms to cater to the escalating need for a steady, year-round availability of fresh crops. Plenty's indoor vertical farm is a cutting-edge setup, employing 3D vertical design to annually cultivate up to 4.5 million pounds of salad greens. To illustrate, in May 2023, Plenty, an American vertical farming firm, inaugurated a fresh indoor vertical farm in Compton, California. This farm, leveraging its 3D vertical setup, has the potential to yield 4.5 million pounds of salad greens each year. This approach conserves water and enhances the yield up to 350 times per acre in comparison to conventional agriculture. The farm cultivates crops on vertically mounted towers reaching two-stories high, automating the entire cultivation process.

Which Segments in the Plant Factory Market Offer the Most Profit Potential?
The plant factorymarket covered in this report is segmented -

1) By Facility Type: Greenhouse, Indoor Farms, Other Facility Types
2) By Light Type: Sunlight, Full Artificial Light
3) By Growing System: Non-Soil-Based, Soil-Based, Hybrid
4) By Crop type: Fruits, Vegetables, Flower And Ornamental, Other Crop Types

Subsegments:
1) By Greenhouse: Hydroponic Greenhouses, Aeroponic Greenhouses, Soil-Based Greenhouses
2) By Indoor Farms: Vertical Farms, Container Farms, Controlled Environment Agriculture (CEA) Systems
3) By Other Facility Types: Rooftop Farms, Ship-Integrated Farms, Community Gardens

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Which Firms Dominate the Plant Factory Market by Market Share and Revenue in 2025?
Major companies operating in the plant factory market include AeroFarms LLC, BrightFarms Inc., Gotham Greens Holdings LLC, Bowery Farming Inc., AppHarvest Inc., Lufa Farms, Beijing IEDA Protected Horticulture Co. Ltd., Green Sense Farms Holdings Inc., Plenty Unlimited Inc., Mirai Co. Ltd., Farminova Plant Factory, Urban Crops Solutions, Sky Greens, Kalera Inc., Smallhold, Sky Vegetables, TruLeaf Sustainable Agriculture, Wulian, Crop One Holdings Inc., Vertical Harvest Farms, Growing Greener Ltd., Heliospectra AB, Infarm GmbH, Intelligent Growth Solutions, LettuceGrow, Light Science Technologies, MechaFarm, Phytoponics, Plug and Play Tech Center, Radiant Food Company, SmartFarm Systems, Vertical Greens

Which Regions Offer the Highest Growth Potential in the Plant Factory Market?
Western Europe was the largest region in the plant factory market in 2024. The regions covered in the plant factory market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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