#Indoor Farming Technology Market growth

[prenasper]

Indoor Farming Market Share, Rising Trends, Growth Drivers, Opportunities, Challenges, CAGR Status, Business Analysis and Future Outlook Till 2033: SPER Market Research

The practice of cultivating crops indoors without exposing them to the outside environment is commonly referred to as indoor farming. Vegetables, fruits, and herbs are the most widely cultivated indoor crops. Large-scale operations and compact spaces, such as basements, are both possible with indoor farms. Farming practices typically incorporate methods like hydroponics, where crops are nourished by artificial lighting. The yield from indoor farming technologies surpass traditional farming. A controlled environment inside the indoor farming complex creates an optimum growing conditions for the farmers to grow a crop from the seed till the harvesting stage arrives. In order to produce safer and healthier food, indoor farming technology refrains from employing any fungicides and all pesticides.

According to SPER Market Research, ‘Indoor Farming Technology Market Size- By Growing System, By Facility Type, By Component Type, By Crop Type - Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Global Indoor Farming Technology Market is estimated to reach USD 48.08 billion by 2033 with a CAGR of 9.66%.

 The growing issue of a shortage of land for farming or food production, as a result of the world's population growing at an accelerated rate, is driving the development of indoor farming. Major advantages of indoor farming include improved crop growth, less water use, less reliance on outdoor temperatures or weather, labour cost savings, and improved energy conservation. These advantages are driving the global adoption of indoor farming practices, which is anticipated to fuel the growth of the indoor farming technology market. Modern agriculture has benefited from indoor vertical farming, which is gaining the interest of younger people. Technology for indoor farming makes it possible to maximize agricultural productivity and ecological sustainability due to shorter harvest times and better yields in less area.

Limited funding for agriculture-related businesses slows down research and development for indoor farming in public or private universities, which restricts the amount of data and information available. High set-up cost could be a restraining factor initially in indoor farming technology market. Since indoor farming equipment uses a lot of energy, farmers may find it difficult to pay for their high electricity bills. Furthermore, there is a need for higher public awareness and comprehension on the advantages of sustainable agriculture technologies and indoor farming. In addition, the sector lacks supervision and standards, which leads to variations in the safety and quality of products.

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The COVID-19 pandemic had a range of effects on the global indoor agricultural technology sector. The pandemic has hindered market expansion by causing labour shortages, supply chain interruptions, and a decline in consumer demand for non-essential commodities. However, the outbreak has highlighted the significance of resilient and sustainable food systems as well as food security, leading to increased investment in indoor farming technology. The epidemic has also prompted the development of automation and remote monitoring tools, which let farmers to oversee and manage their indoor crops from a distance. All things considered, the pandemic has brought opportunities as well as challenges to the worldwide indoor farming technology market.

 Indoor Farming Technology Market Key Players:

North America is the leading holder of share in Indoor Farming Technology Market. The need for indoor farming technology has been rising in this area as a result of the expanding involvement of international business lines in agricultural operations to satisfy crop producers' expectations to attain export-quality crops. Some of the key market players are Lumigrow, Signify Holding, Argus Control System, Everlight Electronics.

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Farming Technologies Market Future Outlook

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Indoor Farming Technology Market overview by recent opportunities, growth size, regional analysis and forecasts to 2031

New York,Global Indoor Farming Technology Market report from Global Insight Services is the single authoritative source of intelligence on Indoor Farming Technology Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

Indoor farming technology is the application of modern agricultural techniques and equipment to grow crops indoors, in a controlled environment. This can be done in a variety of settings, including greenhouses, warehouses, and even shipping containers.Key Trends

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Key Trends

The main trends in indoor farming technology are automation, precision farming, and controlled environment agriculture (CEA).

Automation is being used more and more in indoor farming to help reduce labor costs and increase efficiency. Robotics is one area that is seeing a lot of growth in indoor farming, with many developing robots to help with tasks such as planting, thinning, and harvesting.

Precision farming is another key trend in indoor farming technology. This involves using sensors and other data-driven techniques to manage crops more effectively. For example, by monitoring temperature, humidity, and light levels, farmers can make sure that conditions are optimal for plant growth. This can help to improve yields and reduce wastage.

CEA is another important trend in indoor farming technology. This involves controlling the environment in which plants are grown, in order to optimize conditions for growth. For example, by using LED lighting, farmers can reduce energy costs and create the perfect light spectrum for plant growth.

Key Drivers

The key drivers of indoor farming technology market are the ever-increasing demand for food, the need for higher crop yields, and the dwindling land and water resources. The other drivers include the changing climatic conditions, the increasing population, and the need for better quality food.

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Market Segments

By Growing System

Hydroponics

Aeroponics

Aquaponics

Soil-based

Hybrid

By Facility Type

Glass or Poly Greenhouse

Indoor Vertical Farm

Container Farm

Indoor DWC System

By Component

Hardware

Software & Services

By Crop Type

Fruits & vegetables

Herbs & Microgreens

Flowers & Ornamentals

Others

Key Players

Signify Holding

Everlight Electronics

Argus Control Systems

LumiGrow

Netafim

Logiqs

Richel Group

Vertical Farm Systems

Key Players

Signify Holding

Everlight Electronics

Argus Control Systems

LumiGrow

Netafim

Logiqs

Richel Group

Vertical Farm Systems

General Hydroponics

Heliospectra AB

Philips Lighting

GreenPower Farm Systems

Heliospectra

Valoya

GrowGeneration

Hort Americas

LumiGrow

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[themarketinsights]

Indoor Farming Technology Market to See Booming Growth | General Hydroponics, LumiGrow, Richel Group, agrilution

Advance Market Analytics published a new research publication on “Global Indoor Farming Technology Market Insights, to 2027” with 232 pages and enriched with self-explained Tables and charts in presentable format. In the study, you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market-associated stakeholders. The growth of the Indoor Farming Technology market was mainly driven by the increasing R&D spending across the world.

Major players profiled in the study are:

Philips Lighting (Netherlands), Argus Controls Systems (Canada), LumiGrow (United States) , Netafim (Israel), General Hydroponics (United States) , Logiqs (Netherlands) , Illumitex (United States), EVERLIGHT Electronics (Taiwan) , Richel Group (France) , Vertical Farm Systems (Australia), Hydrodynamics International (United States), agrilution (Germany)

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Scope of the Report of Indoor Farming Technology

Indoor Farming has significantly grown in the recent years, allowing a large amount of fresh and green vegetable produced in city environments, with minimum space and in less water utilization than conventional farming techniques. Indoor Farming refers to method of growing crops or plants, usually on a large scale, indoor. A wide variety of fruits, vegetables and herbs are grown. It is may be practiced in both on a small scale and large scale.

The Global Indoor Farming Technology Market segments and Market Data Break Down are illuminated below:

by Facility Type (Glass or Poly Greenhouses, Indoor Vertical Farms, Container Farms, Indoor Deep Water Culture (DWC) Systems), Crop Type (Fruits & Vegetables, Herbs & Microgreens, Flowers & Ornamentals, Others (cannabis and cannabis)), Growing System (Hydroponics, Aeroponics, Aquaponics, Soil-based, Hybrid), Component (Hardware, Software & Services)

Market Opportunities:

Production of Biopharmaceutical Product

Development of Innovative and Cost-Effective Technologies

Market Drivers:

Rise in Requirement for higher Yield with limited Water and Space

Surging Demand for Fresh Food with High Nutritious Value

Minute Impact of Fluctuating Climatic Condition

Market Trend:

Development of Innovative and Cost Effective Technologies

What can be explored with the Indoor Farming Technology Market Study?

Gain Market Understanding

Identify Growth Opportunities

Analyze and Measure the Global Indoor Farming Technology Market by Identifying Investment across various Industry Verticals

Understand the Trends that will drive Future Changes in Indoor Farming Technology

Understand the Competitive Scenarios

Track Right Markets

Identify the Right Verticals

Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa

Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.

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Strategic Points Covered in Table of Content of Global Indoor Farming Technology Market:

Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Indoor Farming Technology market

Chapter 2: Exclusive Summary – the basic information of the Indoor Farming Technology Market.

Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Indoor Farming Technology

Chapter 4: Presenting the Indoor Farming Technology Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.

Chapter 5: Displaying the by Type, End User and Region/Country 2016-2021

Chapter 6: Evaluating the leading manufacturers of the Indoor Farming Technology market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile

Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions (2022-2027)

Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source

Finally, Indoor Farming Technology Market is a valuable source of guidance for individuals and companies.

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[electronicseranews]

Grow Lights Market Will Reach USD 13,183 Million by 2030

As per a report by P&S Intelligence, the grow lights market will advance at 28% CAGR, to generate a value of USD 13,183 million, by 2030.

The growth in the industry is ascribed to the growing requirement for food as a result of the rising disposable income, increasing population, rapid urbanization, advancement of technologies in the agriculture sector, and the increasing preference for enhanced and new practices of farming.

The LED category is expected to dominate the grow lights market in the years to come. This is attributed to the increasing government programs to encourage the adoption of LED lights and drivers and the increasing demand for energy-efficient and affordable grow lights by consumers.

In the past few years, the retrofit category generated a larger revenue share in the industry, and it will remain larger in the years to come. This is because of the rising adoption of such lights in farming facilities due to their decreasing costs and the increasing number of new advanced farming facilities all over the world.

A key factor driving the industry is the necessity of more cost-effective grow light technologies in the cities. The expenditure on food production is high, and as a result, the requirement for economical food production is growing rapidly in urban areas.

Vertical farming is expected to observe the fastest growth in the years to come, growing at a rate of approximately 29.8%. This is attributed to the mounting requirement for herbs & food and the increasing number of such farms, mainly in developed countries, owing to the lack of space required to establish conventional farms.

In 2021, Europe generated the largest revenue share in the grow light industry, at approximately 33%, and it will remain the largest in the years to come. This is ascribed to the large consumer base and the substantial adoption of LED lights to grow plants inside commercial greenhouses in the region.

Developing nations, for example, India, South Korea, and China are the main buyers in the APAC grow light industry. This is credited to the rapid implementation of enhanced agricultural approaches, for instance, indoor horticulture, which resulted in a high horticulture light requirement in emerging nations.

[data-bridge]

Indoor Farming Technology Market Applications, Products, Share, Growth, Insights and Forecasts Report 2029

Industry Analysis

Data Bridge Market Research analyses that the indoor farming technology market will exhibit a CAGR of 9.60% for the forecast period of 2022-2029. Market Research report on indoor farming technology market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.

Additionally, the credible Indoor Farming Technology Market report helps the manufacturer in finding out the effectiveness of the existing channels of distribution, advertising programs, or media, selling methods and the best way of distributing the goods to the eventual consumers. Taking up such market research report is all the time beneficial for any company whether it is a small scale or large scale, for marketing of products or services. It makes effortless for ICT industry to visualize what is already available in the market, what market anticipates, the competitive environment, and what should be done to surpass the competitor.

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Market Insights and Scope            

Indoor farming technology is a method of using various technologies to grow foods and plants within the house. This method uses artificial lighting to produce plants with increased nutrients, and it incorporates soil-based, aeroponics, aquaponics, and hybrid technologies. Indoor farming technology can be applied in the home as well as in the business sector on small and large scales.

An international Indoor Farming Technology Market research report examines competitive companies and manufacturers in the global market. Competitive analysis carried out in this market report puts forth the moves of the key players in the ICT industry such as new product launches, expansions, agreements, joint ventures, partnerships, and recent acquisitions. This market report puts light on various aspects of marketing research that range from important industry trends, market size, market share estimates, sales volume, emerging trends, product consumption, customer preferences, historic data along with future forecast and key player analysis. It studies market by product type, applications and growth factors.

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Industry Segmentation

Indoor farming technology market is segmented on the basis of growing system, facility type, component and crop type. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

On the basis of growing system, indoor farming technology market is segmented into aeroponics, hydroponics, aquaponics, soil-based and hybrid.

Based on facility type, indoor farming technology market is segmented into glass or poly greenhouses, indoor vertical farms, container farms and indoor deep-water culture (DWC) systems.

Based on component, indoor farming technology market is segmented into hardware, and software and services. Hardware is sub-segmented into climate control systems, lighting systems, communication systems, sensors, system controls, irrigation systems and others.

Based on crop type, indoor farming technology market is segmented into fruits and vegetables, herbs and microgreens, flowers and ornamentals and others. Fruits and vegetables are sub-segmented into leafy greens, tomato, strawberry, eggplant and others. Leafy greens are further segmented into lettuce, kale, spinach and others. Herbs and microgreens are sub-segmented into basil, herbs, tarragon and wheatgrass. Flowers and ornamentals are sub-segmented into perennials, annuals and ornamentals.

 

Market Country Level Analysis

The countries covered in the indoor farming technology market report are

U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

An influential Indoor Farming Technology Market research report displays an absolute outline of the market that considers various aspects such as product definition, customary vendor landscape, and market segmentation. Currently, businesses are relying on the diverse segments covered in the market research report to a great extent which gives them better insights to drive the business on the right track. The competitive analysis brings into light a clear insight about the market share analysis and actions of the key industry players. With this info, businesses can successfully make decisions about business strategies to accomplish maximum return on investment (ROI).

 

Industry Share Analysis

Some of the major players covered in the indoor farming technology market report are

Logiqs B.V., Illumitex, Vertical Farm Systems, Hydrodynamics International, General Hydroponics, Certhon, Dalsem, Richel Group, American Hydroponics, Harnois Greenhouses, Richel Group, Urban Crop Solutions, Vertical Farm Systems, Agrilution GmbH, Green Sense Farms, American Hydro Phonics, Philips Lighting, Everlight Electronics, Argus Controls Systems, Netafim and Lumigrow among others.

 

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[strangemusictriumph]

Hydroponics Market - Forecast (2022 - 2027)

Hydroponics Market Overview:

As per a 2015 study conducted by researchers at the University of Sheffield’s Grantham Centre for Sustainable Futures, 33% of the global arable land has been degraded in the last 40 years.[1] Soil erosion, pollution, traditional methods of ploughing land, and heavy use of fertilizers have led to the rise in non-arable land. Hydroponics is a process of growing a variety of vegetable and fruit plants with the utilization of mineral nutrient solutions in liquid, sand, or gravel while discarding the use of soil, chemical fertilizers, and pesticides. Hydroponics forms part of hydroculture and is a modern, eco-friendly farming and agricultural practice.

The growing population coupled with the decreasing agriculture land has increased the demand for food products. Traditional agricultural methods cannot handle the growing global demand for due to the exponentially increasing population. Water scarcity is another relevant factor associated with traditional farming practices. Thus, hydroponics has started to gradually replace traditional agricultural methods. The global hydroponics market was valued at $293.12m in 2018 and is projected to grow at a healthy compound annual growth rate (CAGR) of 16.45% during the forecast period 2019-2025.

Europe held the prominent share of the global hydroponics market, estimated at 43.56%, in 2018. Extensive utilization of technology for hydroponics adoption has enabled Europe to enjoy a maximum market share. The easy availability of equipment such as LED lights, HVAC systems, submersible pumps, nutrient film technique (NFT), and electrical conductivity meters has favored the growth of the hydroponics market in the region.

Based on crop type, the hydroponics market is segmented into vegetables, fruits, flowers and foliage, herbs, and others. Vegetable hydroponics is used for growing cucumber, tomatoes, potatoes, capsicums, lettuce, coriander, and others. Increasing demand for organic vegetables, water scarcity, and unpredictable climate conditions are some of the prominent aspects escalating the demand for vegetable hydroponics. The vegetable hydroponics application segment is estimated to grow with a healthy CAGR of 13.73% through 2025.

Hydroponics Market Growth Drivers:

·         Higher yield and profit

Traditional agricultural practices involve various procedures and steps to cultivate plants. The yield is more likely influenced by soil nutrients, fertilizers, water, and moreover,  climatic conditions. In hydroponics technique,  plants are grown using mineral nutrient solutions without of the need for soil and chemical fertilizers. Consequently, the yield cannot be hindered by the factors that influence traditional practices.

·         Growing food demand

The global population is increasing drastically, which is subsequently rising the demand for food. In hydroponics farming, the yield rate is very high and plants grow at faster rate as compared to soil plants.

·         Water scarcity

Conventional farming methods utilize a large amount of water till harvesting. Water acts as a threat as the total yield of the crop depends upon the availability of water. In contrast, hydroponics requires very low amount of water for growing plants. Owing to its low water utilization factor, hydroponics is gaining momentum.

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Hydroponics Market Key Players Perspective:

Argus Control Systems Ltd, one of the leading market players, has partnered with Hydrofarm Holdings Group, Inc. This partnership aims to provide sophisticated environmental systems and services for hydroponic production in the U.S. and Canada.

Other key players in the hydroponics market include Agrexco Agricultural Export Company Ltd., Achdut Ltd., Agri-Plas, Inc., Koninklijke Philips NV, American Hydroponics, Anglebase Ltd., Asmir Growing Equipment Co.Ltd, CropKing Inc., and Daesan Precision Co., Ltd.

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Hydroponics Market Trends –

·         Hydroponic Indoor Gardens

The growing trend of building indoor gardens has given a huge boost to the hydroponics market It provides people, primarily in urban areas, to grow organic vegetables with the use of hydroponics technology.

·         LED lights

Plants require light to grow. In hydroponics, the light is provided using LED grow lights. The light spectrum vented by LED lights has been proven to be productive in stimulating the growth of plants.

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Hydroponics Market Research Scope:

The base year of the study is 2018, with forecast done up to 2025. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the hydroponics market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The key areas of focus include the types hydroponics systems, and their specific applications in different areas.

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Hydroponics Market Report: Industry Coverage

The hydroponics market can be fragmented on the basis of type, equipment, crop, and geography. Based on the type, the market can be divided into wick system, water culture, EBB & FLOW, others. By equipment, the market can be segmented into growing chamber, submersible pump, growing LED, and others. By crop, the market can be bifurcated into vegetables, fruits, flowers and foliage, herbs, and others.

The hydroponics market report also analyzes the major geographic regions for the market as well as the major countries for the market in these regions. The regions and countries covered in the study include:

•           North America: The U.S., Canada, Mexico

•           South America: Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, Costa Rica

•           Europe: The U.K., Germany, Italy, France, The Netherlands, Belgium, Spain, Denmark

•           APAC: China, Japan, Australia, South Korea, India, Taiwan, Malaysia, Hong Kong

•           Middle East and Africa: Israel, South Africa, Saudi Arabia

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[tamanna31]

Vertical Farming Market Growing Stupendously

Vertical Farming Industry Overview

The global vertical farming market size was valued at USD 6.92 billion in 2023 and is expected to grow at a CAGR of 20.1% from 2023 to 2030. Market growth is attributed to the growing adoption of environment-friendly production of fruits and vegetables. Unprecedented growth of the global population has increased the demand for urban agriculture.

Gather more insights about the market drivers, restrains and growth of theVertical Farming Market

Vertical farming is the practice of producing food in vertically stacked layers, such as in a used warehouse, skyscraper, or shipping container. Organic foods are perceived as healthier, more nutritious, safer, and more environmentally friendly. A critical factor that influences demand for organic food is the food purchasing behavior of consumers, which is essential for producers, policymakers, and suppliers to implement successful marketing strategies.

Obesity and heart diseases are prevalent health-related issues among consumers. Furthermore, growing depletion of groundwater and changing climatic conditions have urged traditional growers to adopt alternate farming methods. Increasing consumer concerns about health and the abovementioned factors are likely to elevate industry demand.

Unlike traditional farming, indoor farming can produce crops throughout the year, which results in increased productivity. Furthermore, indoor farming can protect crops from extreme weather conditions through the usage of techniques such as controlled environment agriculture technology, where facilities use artificial environmental control, control of light, and fertigation.

Increasing demand for high-quality food, independent agriculture techniques, and growing urbanization are some of the critical factors responsible for market growth. These factors have increased the requirement for food. Demand for food is expected to witness significant growth with a growing population by 2030. The adoption of vertical cultivation techniques allows consumers to grow crops in a warehouse or a multi-story building.

Browse through Grand View Research's Next Generation Technologies Industry Research Reports.

The global indoor farming market size was valued at USD 37.9 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 13.2% from 2024 to 2030.

The global shipping container market size was valued at USD 6.41 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 12.0% from 2020 to 2028.

Key Companies profiled:

AeroFarms (U.S.)

Illumitex, Inc. (U.S.)

American Hydroponics (U.S.)

Agrilution GmbH

Brightfarms Inc.

Everlight Electronics Co., Ltd.

Freight Farms

GrowUp Urban Farms Ltd.

Green Sense Farms, LLC

Vertical Farm Systems

Key Vertical Farming Company Insights

Some of the key players operating in the market include Agrilution GmbH; Aerofarm; Brightfarms Inc.; Everlight Electronics Co., Ltd; Freight Farms; GrowUp Urban Farms Ltd.; Green Sense Farms, LLC; Vertical Farm Systems.

Vertical Farm Systems is engaged in the development of fully automated growing systems with reusable medium and energy efficient climate cells. The company utilizes artificial intelligence (AI) and automation for optimized growing conditions.

Brightfarms Inc., is an indoor farming company that provides fresh packaged salad. The company sells their product locally that are grown in controlled environment. The company is inclined towards development of efficient vertical farming system with a focus on resource efficiency and sustainable practices.

Bowery Farming and Aerofarm are some of the emerging market participants in the target market.

Bowery Farming is engaged in providing solutions related to vertical farming and digital agriculture. Bowery Farming is a New York based company having farms in New Jersey, Maryland, and Pennsylvania.

Aerofarm, is a U.S.- based indoor vertical farming solution provider. The company uses artificial intelligence and plant biology to fix broken food system and improve the fresh produce growth

Recent Developments

In March 2023, BrightFarms, a pioneer in the indoor farming industry, is growing by establishing four additional regional greenhouse centers that introduce sustainably farmed leafy greens to a broader audience in the Eastern and Central United States. The newly built greenhouse centers are expected to meet the rising demand for organic food and initiate distribution to retailers by 2024. With this expansion, the company is expecting 10x revenue growth by 2024.

In February 2023, AeroFarms and Public Investment Fund (PIF), a wealth funding body of Saudi Arabia, announced a joint venture to establish indoor vertical farms in the Middle East and Saudi Arabia.

Order a free sample PDF of the Vertical Farming Market Intelligence Study, published by Grand View Research.

[researcher1008]

Plant Genetic Engineering Market Size, Share and Growth by Forecast 2024-2032 | Reed Intelligence

Plant Genetic Engineering Market Insights

Reed Intelligence has recently added a new report to its vast depository titled Global Plant Genetic Engineering Market. The report studies vital factors about the Global Plant Genetic Engineering Market that are essential to be understood by existing as well as new market players. The report highlights the essential elements such as market share, profitability, production, sales, manufacturing, advertising, technological advancements, key market players, regional segmentation, and many more crucial aspects related to the Plant Genetic Engineering Market.

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Plant Genetic Engineering Market Share by Key Players

Urban-gro

LumiGrow

Sollum Technologies

G2V Optics

Agnetix

OSRAM GmbH

LED iBond

Atop Lighting

Kroptek

Technical Consumer Products

Heliospectra

Illumitex

Important factors like strategic developments, government regulations, market analysis, end users, target audience, distribution network, branding, product portfolio, market share, threats and barriers, growth drivers, latest trends in the industry are also mentioned.

Plant Genetic Engineering Market Segmentation

The report on Global Plant Genetic Engineering Market provides detailed segmentation by type, applications, and regions. Each segment provides information about the production and manufacturing during the forecast period of 2024-2032. The application segment highlights the applications and operational processes of the industry. Understanding these segments will help identify the importance of the various factors aiding to the market growth.

The report is segmented as follows:

Segment by Type

Smart LED Light

Smart Software and Service

Segment by Application

Commercial Greenhouses

Indoor Vertical Farms

Hydroponics

Plant Science Research

Plant Genetic Engineering Market Segmentation by Region

North America

U.S.

Canada

Europe

Germany

UK

France

Asia Pacific

China

India

Japan

Australia

South Korea

Latin America

Brazil

Middle East & Africa

UAE

Kingdom of Saudi Arabia

South Africa

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The market research report on the Global Plant Genetic Engineering Market has been carefully curated after studying and observing various factors that determine the growth, such as environmental, economic, social, technological and political status of the regions mentioned. Thorough analysis of the data regarding revenue, production, and manufacturers gives out a clear picture of the global scenario of the Plant Genetic Engineering Market. The data will also help key players and new entrants understand the potential of investments in the Global Plant Genetic Engineering Market.

Key Highlights

It provides valuable insights into the Global Plant Genetic Engineering Market.

Provides information for the years 2024-2032. Important factors related to the market are mentioned.

Technological advancements, government regulations, and recent developments are highlighted.

This report will study advertising and marketing strategies, market trends, and analysis.

Growth analysis and predictions until the year 2032.

Statistical analysis of the key players in the market is highlighted.

Extensively researched market overview.

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[rupalic]

Plant Factory Industry Future Outlook, Global Trends, Industry Share And Top Key Players

The global plant factory market size was valued at US$ 129 million in 2022 and is poised to grow from US$ 138 million in 2023 to US$ 196 million by 2028, growing at a CAGR of 7.3% in the forecast period (2023-2028). Plant factories, also known as vertical farms or indoor farms, are advanced agricultural systems designed to produce crops in controlled environments using cutting-edge technology. These facilities utilize artificial lighting, climate control, and hydroponics or aeroponics to optimize plant growth, offering an innovative solution to the challenges faced by traditional agriculture.

Hydroponic farming, a key component of vertical farming, uses significantly less water than traditional agriculture due to its efficient water use system. Plants consume only 0.1% of the water supplied, with the rest being returned to the environment through evapotranspiration. In contrast, conventional farming often wastes water due to inefficient irrigation, evaporation, and poor water management. Vertical farming allows for efficient water use, using up to 95% less water than traditional methods. According to the Columbia University Earth Institute, vertical farmers use 70% to 95% less water compared to conventional farmers for plant cultivation.

Post-Pandemic Growth: How COVID-19 Accelerated Plant Factory Adoption in Restaurants and Grocery Stores

The adoption of indoor farming by restaurants and grocery stores is gaining momentum, driven initially by retailer acceptance and gradually by public acceptance. Major grocery chains like Walmart, Kroger, and Albertsons have established agreements with indoor growers to source produce. Publix, based in Lakeland, Florida, has also embraced this trend by introducing an on-site trailer farm from a nearby hydroponic grower. According to a 2021 survey by FMI, The Food Industry Association, 43% of consumers expressed a preference for produce grown outdoors over that grown indoors. However, members of Generation Z, who are rapidly becoming America’s most influential demographic, showed a stronger preference for produce from indoor sources.

Greenhouses Dominate Plant Factory Industry Share

Greenhouse farming offers several advantages over traditional farming methods, such as greater control over environmental factors like temperature, humidity, and lighting, which can result in higher crop yields and quality. As growers see the benefits of greenhouse farming, they may also become interested in incorporating plant factory technology into their operations, which can further increase efficiency, reduce costs, and improve crop quality. This can drive further demand for plant factory systems and technologies, leading to further growth in the plant factory industry.

Plant Factory Market Growth Drivers

To meet the rising demand for food and address the challenges posed by shrinking cropland and declining soil fertility, alternative farming techniques like vertical farming have gained prominence. These technologies are crucial for achieving food self-sufficiency, especially in countries that have historically struggled with domestic production and supply due to limited natural resources and unfavorable climatic conditions. The scarcity of arable land, poor soil quality, and increased food demand have spurred the development of innovative methods like vertical farming, which is gradually gaining traction worldwide. Vertical farming optimizes space by growing food in stacked layers or towers, offering advantages such as more efficient land use, consistent year-round crop production unaffected by weather conditions, and reduced water and pesticide usage.

In recent years, many restaurants have embraced the concept of local food, advancing it further with the acceptance of hyperlocal food. This approach involves restaurants either growing their own produce or sourcing it from nearby farms, promoting sustainability and supporting the local economy while ensuring high-quality ingredients. Hyperlocal restaurants, which source almost all their food locally, have become more common. Some restaurants even have their own gardens to grow the vegetables used in their dishes.

Europe Dominates Global Plant Factory Market Share

The plant factory industry has been studied in North America, Europe, Asia Pacific, South America and Rest of the World. The growth of the plant factory market in Europe is driven by a combination of factors, including increased demand for locally grown produce, government support and funding, technological advancements, environmental concerns, and growing consumer interest in sustainable and locally grown produce. Many European countries have implemented policies and initiatives that encourage the adoption of sustainable agricultural practices, including plant factories. For example, the European Union’s Horizon 2020 program has allocated significant funding for research and innovation in sustainable agriculture, including plant factory technology. Additionally, some countries offer tax incentives and other benefits to growers who adopt these practices.

Plant Factory Leaders: How AeroFarms, Gotham Greens, and Others are Shaping Agriculture

· AeroFarms: Transforming urban agriculture with over 14 years of expertise in aeroponics, AeroFarms builds large-scale indoor vertical farms for high-quality baby leafy greens and microgreens. With a focus on local freshness and a patented growing cloth medium, AeroFarms partners with global leaders like IKEA and Goldman Sachs to bring sustainable farming solutions to the US and beyond.

· Gotham Greens: Pioneering urban agriculture, Gotham Greens operates climate-controlled, solar-powered greenhouses across American cities. By leveraging hydroponic technology and machine learning, they produce fresh, local produce year-round, all while minimizing environmental impact with their sustainable energy practices.

· Bowery Farming Inc: As the largest vertical farming company in the US, Bowery Farming Inc. uses cutting-edge technology, including AI and robotics, to grow organic, pesticide-free produce. Their smart farms, powered by BoweryOS, ensure fresh, flavorful greens are available at major retailers and grocery stores across the Northeast and Mid-Atlantic regions.

· Oishii: Revolutionizing the fruit industry, Oishii’s vertical farms in the US produce the renowned Japanese "Omakase Berry." By mimicking ideal growing conditions and eliminating pesticides, Oishii delivers strawberries with unmatched sweetness and quality, advancing sustainability in the vertical farming sector.

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The State of the Medical Marijuana Market: Projections for 2024-2030

The medical marijuana market is experiencing an impressive growth trajectory, with a projected compound annual growth rate (CAGR) of 21.81% from 2024 to 2032. The market, valued at USD 16.68 billion in 2023, is expected to reach an estimated USD 98.47 billion by 2032, reflecting a substantial expansion driven by increasing acceptance and advancements in medical research.

Medical marijuana, derived from cannabis plants, has garnered substantial attention for its potential therapeutic benefits. Its applications span a variety of medical conditions, including chronic pain, epilepsy, multiple sclerosis, and cancer-related symptoms. The growing body of clinical research supporting its efficacy, coupled with evolving legal frameworks and increasing patient demand, is fueling the robust growth of this market.

Key Drivers of Market Growth

One of the primary drivers of the medical marijuana market’s growth is the expanding body of research that underscores its medical benefits. Clinical studies have increasingly demonstrated the effectiveness of medical marijuana in managing chronic pain, reducing inflammation, and alleviating symptoms of several serious health conditions. This growing body of evidence is encouraging healthcare professionals to consider medical marijuana as a viable treatment option.

Additionally, the evolving legal landscape is significantly contributing to market growth. More countries and states are revising their regulations to allow the medical use of cannabis, which is expanding market access and increasing patient adoption. As legal barriers continue to diminish, the market is witnessing a surge in investments from pharmaceutical companies and increased availability of medical marijuana products.

Another crucial factor is the rising prevalence of chronic diseases and mental health disorders. With an aging global population and increasing incidence of conditions such as cancer, neurological disorders, and chronic pain, there is a growing demand for effective treatment options. Medical marijuana is emerging as a promising alternative to traditional treatments, further driving market expansion.

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Technological and Research Advancements

Technological advancements in cultivation and extraction processes are also playing a significant role in market growth. Innovations in growing techniques, such as indoor and hydroponic farming, have improved the quality and yield of medical marijuana. Furthermore, advancements in extraction methods have led to the development of more potent and targeted medical marijuana products, enhancing their therapeutic efficacy.

Research into the medicinal properties of different cannabinoids and terpenes is continuously expanding, leading to the development of novel formulations and treatment options. This ongoing research is expected to contribute to the market’s growth by providing new and more effective medical marijuana products.

Regional Insights

The medical marijuana market is experiencing varied growth across different regions. North America, particularly the United States and Canada, is a leading market due to the progressive legalization and high adoption rates of medical marijuana. In the U.S., a growing number of states are legalizing medical marijuana, and there is increasing acceptance among healthcare professionals and patients.

The European market is also expanding, driven by regulatory changes and increasing awareness of the medical benefits of cannabis. Countries such as Germany, the Netherlands, and the United Kingdom are at the forefront of this growth, with ongoing efforts to standardize and regulate medical cannabis use.

Emerging markets in Latin America and Asia-Pacific are expected to witness significant growth as legal frameworks evolve and medical marijuana becomes more widely accepted. Increasing investments in healthcare infrastructure and research in these regions are likely to drive market expansion further.

Future Outlook

As the medical marijuana market continues to evolve, it is poised for remarkable growth. With a projected valuation of USD 98.47 billion by 2032, driven by advancements in research, changing legal landscapes, and increasing patient demand, the market is set to become a major segment within the global healthcare industry. The continued focus on research and development, coupled with favorable regulatory changes, will likely sustain this growth trajectory and transform the future of medical treatment.

In summary, the medical marijuana market is on a robust growth path, with an anticipated CAGR of 21.81% over the forecast period. From its 2023 valuation of USD 16.68 billion, the market is set to reach USD 98.47 billion by 2032, reflecting a significant shift in the acceptance and use of medical cannabis worldwide.

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Urban Farming Market Share, Key Market Players, Trends & Forecast, 2024–2030

The Urban Farming Market was valued at USD 1.9 billion in 2023-e and will surpass USD 2.7 billion by 2030; growing at a CAGR of 4.2% during 2024 - 2030. As the global population continues to urbanize, the urban farming market is growing rapidly, presenting new opportunities and challenges. This blog explores the factors driving the rise of urban farming, the benefits it offers, and the innovative trends shaping its future.

The report focuses on estimating the current market potential in terms of the total addressable market for all the segments, sub-segments, and regions. In the process, all the high-growth and upcoming technologies were identified and analyzed to measure their impact on the current and future market. The report also identifies the key stakeholders, their business gaps, and their purchasing behavior. 

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The Driving Forces Behind Urban Farming

Sustainability and Environmental Concerns: With increasing awareness of climate change and environmental degradation, urban farming offers a way to reduce the carbon footprint associated with food transportation. Locally grown produce means fewer food miles and lower emissions.

Food Security: Urban areas, especially those with limited access to fresh produce, benefit from urban farming by ensuring a steady supply of nutritious food. This is particularly vital in food deserts where grocery stores are scarce.

Technological Advancements: Innovations in agriculture technology, such as hydroponics, aquaponics, and vertical farming, have made it feasible to grow crops in urban environments. These methods maximize space and resources, making urban farming more efficient and productive.

Economic Opportunities: Urban farming creates jobs and stimulates local economies. From farmers and gardeners to tech developers and marketers, the sector provides diverse employment opportunities.

Community Engagement: Urban farms often serve as community hubs, bringing people together to learn about sustainable practices, share resources, and foster a sense of belonging.

Benefits of Urban Farming

Improved Food Quality and Nutrition: Urban farms typically produce fresher and more nutrient-dense food compared to what is found in supermarkets. This is due to shorter supply chains and reduced need for preservatives.

Environmental Benefits: Urban farming can transform unused or underutilized spaces into green areas, improving air quality, reducing urban heat islands, and promoting biodiversity.

Educational Opportunities: Schools and community organizations use urban farms as living classrooms to teach children and adults about agriculture, nutrition, and environmental stewardship.

Mental and Physical Health: Gardening and farming activities provide physical exercise and mental health benefits, such as reduced stress and improved well-being.

Trends Shaping the Future of Urban Farming

Vertical Farming: By growing crops in stacked layers, vertical farming maximizes space, allowing for higher yields in smaller areas. This trend is particularly significant in densely populated cities with limited land availability.

Smart Farming Technologies: The integration of IoT (Internet of Things) devices, AI (Artificial Intelligence), and data analytics is revolutionizing urban farming. Smart sensors monitor soil moisture, nutrient levels, and plant health, optimizing growing conditions and reducing waste.

Community-Supported Agriculture (CSA): CSAs are gaining popularity as a model where consumers subscribe to receive regular shares of produce from local farms. This not only provides farmers with a stable income but also strengthens the connection between urban dwellers and their food sources.

Rooftop and Indoor Gardens: Utilizing rooftops and indoor spaces for farming is becoming more common. These gardens can be found on residential buildings, offices, and even restaurants, contributing to urban greening and sustainability.

Public Policy and Incentives: Governments and municipalities are increasingly recognizing the value of urban farming. Policies and incentives, such as grants, tax breaks, and zoning regulations, are being implemented to support and encourage the practice.

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Challenges and Considerations

While urban farming offers numerous benefits, it also faces challenges. These include limited space, high initial setup costs, regulatory hurdles, and the need for specialized knowledge and skills. Addressing these challenges requires collaboration between policymakers, businesses, and communities to create supportive environments for urban farming initiatives.

Conclusion

The Urban Farming Market is poised for significant growth as cities strive to become more sustainable and self-sufficient. By leveraging technological advancements, fostering community engagement, and implementing supportive policies, urban farming can play a crucial role in shaping the future of urban living. As more people embrace this movement, the potential to transform our cities into greener, healthier, and more resilient spaces becomes increasingly attainable.

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Ambiente Frankfurt 2025: the most prestigious event for consumer products

The Ambiente is a global trade show for consumer goods held every year within Frankfurt am Main by Messe Frankfurt GmbH. Ambiente Frankfurt 2025 take place for five days consecutively from 7 until the 11th of February in 2025. It’s a unique event for trade visitors and provides a comprehensive insight into the global market for consumer products.

Explore Ambiente’s global market through the interaction between products, exhibits, designs, and even events. A variety of new products and innovative ideas for consumer goods will be showcased during Ambiente 2025 Frankfurt. The show will showcase the most current trends and inspiration to modern living, ranging from kitchenware to interior design, homeware and even gifts.

What are the reasons to be a part of Ambiente Frankfurt 2025?

Product Variety: Explore various items across important categories, including the most recent and top tablesware, home decor and gifts from top international designers and brands.

Forum: Connect with experts from the industry, buyers and sellers from all over the world. Form partnerships and create collaborations to grow and expand your business.

Value Insights: Get familiar in the latest trends and preference for products. You can take part in seminars, lectures, and workshops to increase your knowledge.

Award Winning: Experiential product displays as well as display exhibits that illustrate the connection between function, form, and user experience.

Business Development: Make the most of the chance to meet with manufacturers, suppliers and other suppliers to present new products, conclude deals, and increase your professional connections. Stay informed of the latest market news as well as industry best methods.

Ambiente 2025 in Frankfurt Ambiente 2025 in Frankfurt is divided into different segments: “Food” comes first in the section which includes tables, kitchens and other home-related items. The Living section showcases the variety of designs, styles, and materials. styles. The ‘Giving’ section, for instance, is focused on personal and gift objects, including furniture of the highest quality and school equipment. The new section ‘Work’ offers a glimpse of the jobs of the future. Future HoReCa farms as well as contracted companies are also highlighted, which indicate possible expansion areas.

What is it that makes Ambiente Frankfurt 2025 a great location to live?

Ambiente Frankfurt 2025 Ambiente Frankfurt 2025 Germany is a combination of sustainability and design, as well as new business and lifestyle, the future of work and digital business growth. These themes are applicable to every event and reflect current the current trends and changes. The Ambiente Frankfurt 2025, you’ll be able to meet your suppliers and investors all in one spot!

With the latest technological advances and the transforming of the consumer goods industry to ethical manufacturing, the rebirth of traditional craftsmanship — called Ambientecould be vital! Ambiente is a prestigious event with worldwide fame. It is famous for its international acclaim with more than 80percent of exhibitor and 40 percent of the site visitors come foreign and from countries that border the world. This proportion of global visitors to the exhibition is increasing regularly. Ambiente 2025 Frankfurt is a must-see event. Ambiente 2025 Frankfurt serves a variety of the top wholesalers, importers and procurement managers at an international scale!

The second part of the exhibition offers the most significant changes in the indoor layout. In particular it shows the merging of the limits of living and working capabilities and design. Ambiente 2025 Frankfurt will also provide educational fees for visitors to the siteand will also offer lectures in the framework of the Academies at Ambiente. The courses held at Ambiente Frankfurt 2025 Germany will lighten the shadows of the latest trends and business-demanding scenarios and provide the answers that are crucial to any successful business in the industry.

Ambiente Frankfurt 2025 Ambiente Frankfurt 2025 is Europe’s most sought-after sourcing platform for high-end business. By showcasing the vast selection of products with ultra-modern designs and exquisite design, Ambiente homes have comprehensive types of features. Ambientes application doesn’t only enhance the show, but it is a stunning and elegant display!

Stands Pro is a trusted exhibit stand builder to build exhibition stands for Ambiente Frankfurt 2025. Contact us for a fully created display booth in time for Ambiente 2025 Frankfurt that will showcase your innovations, world-class craftsmanship and ideas before a wider public. With stand-ups for creation and showcasing products our company is your top and most trustworthy stand design firm. Find us and find an unbeatable, creative layout that is driven by quality during Ambiente Frankfurt 2025!

Organiser: AMBIENTE is organized by Messe Frankfurt Exhibition GmbH, one of the world’s largest trade fair organizers, renowned for hosting events across various industries.

Exhibitor Profile: AMBIENTE attracts exhibitors from diverse sectors of the consumer goods industry, including:

Housewares and Kitchenware: Manufacturers and suppliers of kitchenware, cookware, tableware, utensils, and kitchen gadgets, showcasing innovative designs and functional solutions for home kitchens.

Home Decor and Accessories: Suppliers of home decor items, interior furnishings, decorative accessories, lighting, and textiles, presenting the latest trends and designs in home styling and decor.

Gifts and Souvenirs: Giftware manufacturers, souvenir suppliers, and novelty item providers offering a wide range of gift products, seasonal decorations, and personalized gifts for special occasions.

Outdoor Living and Garden Accessories: Companies offering outdoor furniture, garden decor, planters, gardening tools, and accessories for outdoor living spaces and garden landscapes.

Global Sourcing and OEM/ODM Services: Sourcing agents, OEM/ODM manufacturers, and trading companies providing global sourcing solutions, private label services, and custom manufacturing for retail and distribution.

Why Attend the Show:

Product Diversity: Explore a vast array of consumer goods and lifestyle products from exhibitors worldwide, covering every aspect of home living, dining, gifting, and outdoor lifestyle.

Trend Insights: Discover the latest trends, designs, and innovations in the consumer goods industry, gaining valuable insights into upcoming trends and consumer preferences in home and lifestyle products.

Business Opportunities: Connect with manufacturers, suppliers, distributors, and retailers from around the globe, fostering business partnerships, sourcing opportunities, and collaborations in the consumer goods market.

Networking: Network with industry professionals, buyers, designers, and influencers, exchanging ideas, building relationships, and expanding your professional network within the consumer goods sector.

Educational Programs: Attend seminars, workshops, and trend presentations featuring industry experts and thought leaders sharing insights on market trends, retail strategies, product innovation, and sustainability in consumer goods.

Organiser Website Link for More Info: For more information about AMBIENTE 2025, including registration details, exhibitor information, and the event program, please visit the official website: AMBIENTE

In summary, AMBIENTE 2025 is a premier trade fair for consumer goods and lifestyle products, offering attendees an unparalleled opportunity to explore the latest trends, discover innovative products, forge business connections, and gain insights into the future of home living and lifestyle industries

[industrynewsupdates]

Smart Agriculture Market 2024-2030: Growth Share and Future Trends

The global smart agriculture market size was valued at USD 22.65 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 13.7% from 2024 to 2030. 

Increasing automation of commercial greenhouses and growing implementation of the controlled environment agriculture (CEA) concept in greenhouses, in a bid to obtain a higher yield and maintain optimum growing conditions, are the key factors driving demand during the forecast period. Cultivators realize the potential benefits of growing plants inside a greenhouse, which has led to the development of commercial greenhouses. Cultivators have shifted from the conventional lighting systems to LED grow lights as the latter can easily be integrated into a CEA setup. Although LED grows lights are high in cost, they are an ideal option for indoor farming, owing to their long-term benefits in terms of energy efficiency.

Gather more insights about the market drivers, restrains and growth of the Smart Agriculture Market

Smart agriculture companies are shifting their focus toward the development of equipment that is integrated with advanced sensors and cameras. Key technologies driving the market demand include livestock biometrics, such as RFID, biometrics, and GPS to help cultivators automatically obtain information regarding livestock in real-time. Furthermore, infrastructural health sensors are used for monitoring material conditions and vibrations in buildings, factories, bridges, farms, and other infrastructure. Coupled with an intelligent network, infrastructural health sensors help provide information to the maintenance team in real-time. In addition, agricultural robots are being used to automate farming processes, such as soil maintenance, weeding, fruit picking, harvesting, planting, plowing, and irrigation, among others.

To sustain profits, farmers are increasingly adopting smarter and more efficient agriculture technologies to deliver high-quality products to the smart agriculture market in sufficient quantities. Mobile technology aids in offering innovative types and applications that are used across the agricultural value chain.

Machine-to-Machine (M2M) applications are particularly suited for the agricultural sector, enabling farmers to monitor equipment, assess the environmental impact on production, precisely manage livestock and crops, and keep track of tractors and other agricultural equipment. M2M is an integral part of IoT, which describes the coordination of multiple devices, appliances, and machines connected to the internet through multiple networks.

The COVID-19 pandemic has brought widespread disruption to the global supply chain, resulting in food shortages and inflation. Necessary measures are required to strengthen the food supply chain and prepare for any future crisis. The ongoing pandemic has highlighted the significance of being able to carry out agricultural operations remotely. The ability of smart agricultural practices to help farmers recoup losses in a relatively shorter lead time is expected to drive future market growth.

Smart Agriculture Market Segmentation

Grand View Research has segmented the global smart agriculture market report based on type, offering, application, and region.

Type Outlook (Revenue, USD Million, 2017 - 2030)

• Precision farming

• Livestock monitoring

• Smart greenhouse

• Others

Offering Outlook (Revenue, USD Million, 2017 - 2030)

• Hardware

o Automation & control systems

o Drones

o Application control devices

o Guidance system

o GPS

o GIS

o Remote sensing

o Handheld

o Satellite sensing

o Driverless tractors

o Mobile devices

o VRT

o Map-based

o Sensor-based

o Wireless modules

o Bluetooth technology

o Wi-Fi technology

o Zigbee technology

o RF technology

o Milking robots

o Sensing devices

o Soil sensor

o Nutrient sensor

o Moisture sensor

o Temperature sensor

o Water sensors

o Climate sensors

o Others

o HVAC system

o LED grow light

o RFID tags & readers

• Software

o Web-based

o Cloud-based

• Types

o System integration & consulting

o Maintenance & support

o Managed types

o Data types

o Analytics types

o Farm operation types

o Assisted professional types

o Supply chain management types

o Climate information types

Application Outlook (Revenue, USD Million; 2017 - 2030)

• Precision farming application

o Yield monitoring

o On-farm

o Off-farm

o Field mapping

o Crop scouting

o Weather tracking & forecasting

o Irrigation management

o Inventory management

o Farm labor management

• Livestock monitoring application

o Milk harvesting

o Breeding management

o Feeding management

o Animal comfort management

o Others

• Smart greenhouse application

o Water & fertilizer management

o HVAC management

o Yield monitoring

o Others

• Others

Regional Outlook (Revenue, USD Billion, 2017 - 2030)

• North America

o U.S.

o Canada

o Mexico

• Europe

o U.K.

o Germany

o France

o Russia

o Netherland

• Asia Pacific

o China

o Japan

o India

o Australia

o Singapore

• South America

o Brazil

• Middle East and Africa (MEA)

o Turkey

Browse through Grand View Research's Next Generation Technologies Industry Research Reports.

• The global agriculture 4.0 market was estimated at USD 67.73 billion in 2023 and is projected to grow at a CAGR of 11.6% from 2024 to 2030. 

• The global AI in food & beverages market size was valued at USD 8.45 billion in 2023 and is projected to grow at a CAGR of 39.1% from 2024 to 2030. 

Key Companies & Market Share Insights

Some of the key players operating in the market include Ag Leader Technology, AGCO Corporation, AgJunction, Inc., AgEagle Aerial Systems Inc., Autonomous Solutions, Inc., Argus Control Systems Ltd, BouMatic Robotic B.V., CropMetrics, CLAAS KGaA mbH, CropZilla, Deere & Company, DICKEY-john, DroneDeploy, DeLaval Inc, Farmers Edge Inc, Grownetics, Inc., Granular, Inc., Gamaya, GEA Group Aktiengesellschaft, Raven Industries, Trimble Inc., Topcon Positioning System among others.

• AGCO Corporation is a U.S.-based agriculture equipment manufacturer. The company develops and sells products and solutions such as tractors, combines, foragers, hay tools, self-propelled sprayers, smart farming technologies, seeding equipment, and tillage equipment.

• Deere & Company is engaged in the manufacturing & construction of agricultural and forestry machinery; drivetrains and diesel engines for heavy equipment; and lawn care machinery. Additionally, the company also manufactures and provides other heavy manufacturing equipment. The company serves diverse industries such as agriculture, forestry, construction, landscaping & grounds care, engines & drivetrain, government and military, and sports turf.

Prospera Technologies and Agrible, Inc. are some of the emerging market participants in the target market.

• Prospera Technologies is a global service provider of agriculture technology for managing and optimizing irrigation and crop health. The company provides AI-based sensors and cameras that aid farmers in crop monitoring.

• Agrible is a U.S.-based agriculture solution provider. The company helps customers in more than 30 countries optimize water use, crop protection, fertilization, fieldwork, research trials, food supply chains, and sustainability initiatives

Key Smart Agriculture Companies:

• Ag Leader Technology

• AGCO Corporation

• AgJunction, Inc.

• AgEagle Aerial Systems Inc.

• Autonomous Solutions, Inc.

• Argus Control Systems Ltd

• BouMatic Robotic B.V.

• CropMetrics

• CLAAS KGaA mbH

• CropZilla

• Deere & Company

• DICKEY-john

• DroneDeploy

• DeLaval Inc

• Farmers Edge Inc

• Grownetics, Inc.

• Granular, Inc.

• Gamaya

• GEA Group Aktiengesellschaft

• Raven Industries

• Trimble Inc.

• Topcon Positioning System

Recent Developments

• In July 2023, Deere & Company announced the acquisition of Smart Apply, Inc. The company planned to leverage Smart Apply’s precision spraying to assist growers in addressing the challenges associated with input costs, labor, regulatory requirements, and environmental goals.

• In May 2023, AgEagle Aerial Systems Inc. announced that it had entered into a 2-year supply agreement with Wingtra AG. This agreement is purposed to secure the supply of RedEdge-P sensor kits for incorporation with WingtraOne VTOL drones. This is specifically resourceful for those seeking to benefit materially from unparalleled, high precision, and plant-level detail in commercial agriculture, environmental research, forestry, and water management applications.

• In April 2023, AGCO Corporation announced a strategic collaboration with Hexagon, for the expansion of AGCO’s factory-fit and aftermarket guidance offerings. The new guidance system was planned to be commercialized as Fuse Guide on Valtra and Massey Ferguson tractors.

• In February 2023, Topcon Agriculture unveiled the launch of Transplanting Control, an exceptional guidance control solution for specialty farmers. This turnkey solution was designed to boost efficiency, reduce labor, and proliferate production. Further, it delivers GNSS-driven guidance, autosteering & control, thereby proving advantageous for the growers of perennial trees, vegetables, and fruits.

• In January 2023, ASI Logistics in collaboration with SICK, Inc. announced the successful implementation of autonomous yard truck operations. In this collaboration, ASI Logistics leveraged its groundbreaking Vehicle Automation Kit (VAK) along with the industry-leading LiDAR systems of SICK.

• In March 2022, Raven announced its business expansion in South Dakota and Arizona to enhance the development of AI-driven technologies for tailoring cutting-edge solutions. The strategy was also aimed at allowing access to a nearby test farm for same-day testing.

• In October 2021, BouMatic announced the acquisition of SAC Group to leverage automatic and conventional milking systems. The transaction demonstrated the company’s incessant commitment to delivering best-in-class dairy farm solutions to consumers across the world.

• In May 2021, AGCO announced a targeted spraying solutions strategic collaboration with Raven Industries Inc., BASF Digital, and Robert Bosch GmbH. The objective of this deal was to assess the targeted spraying technology for enhancing crop protection product applications by limiting crop input costs and addressing environmental sustainability.

Order a free sample PDF of the Smart Agriculture Market Intelligence Study, published by Grand View Research.

[lesverts1]

Revolutionizing Agriculture: Exploring Hydroponics in Canada

The Rise of Hydroponics in Canada

Canada’s agricultural sector has traditionally been limited by its climate, with most regions experiencing long, harsh winters and short growing seasons. This has historically forced Canadians to rely on imported fruits and vegetables, particularly during the colder months. However, with the advent of hydroponics, these challenges are being addressed in an innovative and eco-friendly manner.

Hydroponics involves growing plants in a controlled environment, where their roots are submerged in nutrient-rich water instead of soil. This method allows for precise control over the growing conditions, including temperature, light, and humidity, which are essential for optimal plant growth. It also eliminates the risk of soil-borne diseases and pests, ensuring healthier and more productive plants.

Benefits of Hydroponics for Canadian Agriculture

One of the most significant advantages of hydroponics is its ability to produce fresh, high-quality produce year-round, regardless of the weather conditions. In Canada, hydroponic canada where winter temperatures can drop well below freezing, this is a game-changer. Hydroponic systems can be set up indoors, in greenhouses, or even in urban settings, allowing for local production of fruits, vegetables, and herbs.

Moreover, hydroponics uses significantly less water than traditional farming methods. In a country where water conservation is becoming increasingly important, this is a crucial benefit. The closed-loop systems used in hydroponic farming recirculate water, reducing waste and minimizing the environmental impact. This makes hydroponics a sustainable and eco-friendly option for Canadian farmers and gardeners alike.

Hydroponic farming also requires less space than traditional agriculture, making it ideal for urban areas where land is scarce and expensive. Vertical farming, a popular hydroponic method, maximizes space by growing plants in stacked layers. This is particularly beneficial in cities like Toronto and Vancouver, where the demand for locally grown produce is high.

Economic Opportunities and Challenges

The hydroponics industry in Canada is growing rapidly, hydroponic garden with new businesses and startups emerging across the country. This growth is creating jobs and stimulating economic development, particularly in rural areas where traditional farming may no longer be viable. Additionally, the demand for locally grown, organic produce is driving the expansion of hydroponic farms.

However, the hydroponics industry in Canada also faces several challenges. The initial setup costs for hydroponic systems can be high, particularly for large-scale operations. This can be a barrier for small farmers and entrepreneurs looking to enter the market. Additionally, the technology and expertise required to operate a hydroponic farm can be complex, necessitating specialized knowledge and training.

Despite these challenges, the future of hydroponics in Canada looks bright. With advances in technology and increasing awareness of the benefits of sustainable farming practices, hydroponics is poised to play a significant role in the country’s agricultural future.

[shubhampawrainfinium]

"AR in Agriculture: Enhancing Efficiency or Just Overcomplicating Simple Tasks?"

As the market is still in its nascent stage, its growth is primarily driven by the increasing global demand for food, the rising population, the trend of digitalization in both industry (Industry 4.0) and agriculture (Agriculture 4.0), the need for simulated training, and the importance of precise field monitoring.

Digital technology has increasingly influenced various industries in recent years, and agriculture is no exception. Augmented Reality has emerged as a transformative force within the agricultural sector, offering innovative solutions that enhance productivity, efficiency, and sustainability.

Key Applications of Augmented Reality in Agriculture

Precision Farming: AR enables farmers to visualize and analyze critical data such as soil conditions, crop health, and weather patterns in real-time. This facilitates informed decision-making related to planting, irrigation, and harvesting, which leads to increased crop yields and optimized resource usage.

Training and Education: AR technology offers immersive training experiences, providing farmers with step-by-step guidance on equipment operation, crop management, and pest control. This contributes to skill development and better knowledge retention among agricultural professionals.

Remote Assistance: Farmers can receive virtual assistance from remote experts through AR-powered devices such as smart glasses or mobile phones. This helps in quick issue resolution, reducing downtime and improving overall farm productivity.

Crop Monitoring and Management: AR applications assist in monitoring crop health by overlaying real-time data on the condition of plants. This allows for early identification of diseases, pests, and nutrient deficiencies, enabling timely intervention and preventing potential yield losses.

Sample pages of Report: https://www.infiniumglobalresearch.com/form/934?name=Sample

Benefits of Augmented Reality in Agriculture

Increased Efficiency: AR streamlines farm operations by providing timely information, reducing the need for manual tasks, and optimizing the use of resources.

Improved Decision-Making: Access to real-time data enables farmers to make more informed decisions regarding crop management, resource allocation, and overall farm strategy.

Sustainability: AR-facilitated precision farming practices contribute to sustainable agriculture by minimizing resource wastage, reducing environmental impact, and optimizing input usage.

Enhanced Productivity: AR tools lead to increased productivity through efficient resource management, improved crop management, and reduced operational downtimes.

Understanding Augmented Reality in Agriculture

Augmented Reality involves overlaying digital information onto the physical world, providing users with an enriched and interactive experience. In agriculture, AR integrates digital insights with the physical environment to deliver real-time data, insights, and visualizations to farmers and agricultural professionals. This technology utilizes devices such as smart glasses, smartphones, and tablets to create an immersive and informative environment.

Market Impact

The global shift towards digitization, industrialization, and sustainability has created significant opportunities for companies to invest in advanced technological tools within agriculture. Digitization is particularly evident in precision agriculture, smart farming, artificial intelligence (AI), the Internet of Things (IoT), and big data analytics, with North America and Europe leading the market.

Market Segmentation

By Application:

Indoor Farming

Outdoor Farming

By Solution:

Hardware

Software

Service

By Region:

North America: U.S., Canada, and Mexico

Europe: Germany, France, Netherlands, Italy, and Rest-of-Europe

U.K.

Asia-Pacific: Japan, India, Australia and New Zealand, and Rest-of-Asia-Pacific

China

Rest-of-the-World: South America, Middle East, and Africa

Recent Developments in the Global Augmented Reality in Agriculture Market

June 2022: Rams Creative Technologies Pvt. Ltd. announced a new partnership with Microsoft’s Mixed Reality Program (MRPP), a program designed by Microsoft for companies involved in designing, developing, and deploying mixed reality and augmented reality solutions for enterprises.

January 2022: Augmenta and Arva Intelligence entered into a partnership to promote affordable farm-ready automation, environmental enhancement, and carbon offsetting.

Report Overview : https://www.infiniumglobalresearch.com/market-reports/global-ar-in-agriculture-market

Market Drivers and Challenges

Drivers:

Digitization driving the next agricultural revolution (Agriculture 4.0)

AR as a tool for precise field monitoring

Growing demand for spatial computing applications

Challenges:

Lack of awareness

Limited research and development (R&D) and agricultural use-cases for AR

Conclusion

Augmented Reality is ushering in a new era of smart and sustainable farming practices in agriculture. By providing real-time data, enhancing decision-making, and optimizing resource use, AR is becoming an invaluable tool for farmers to meet the challenges of modern agriculture. As the market continues to develop, the integration of technology and agriculture is set to revolutionize food production and the management of agricultural resources.

[tamanna31]

Smart Agriculture Market Dynamics, Top Manufacturers Analysis, Trend And Demand, Forecast To 2030

Smart Agriculture Industry Overview

The global smart agriculture market size was valued at USD 22.65 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 13.7% from 2024 to 2030. 

Increasing automation of commercial greenhouses and growing implementation of the controlled environment agriculture (CEA) concept in greenhouses, in a bid to obtain a higher yield and maintain optimum growing conditions, are the key factors driving demand during the forecast period. Cultivators realize the potential benefits of growing plants inside a greenhouse, which has led to the development of commercial greenhouses. Cultivators have shifted from the conventional lighting systems to LED grow lights as the latter can easily be integrated into a CEA setup. Although LED grows lights are high in cost, they are an ideal option for indoor farming, owing to their long-term benefits in terms of energy efficiency.

Gather more insights about the market drivers, restrains and growth of the Smart Agriculture Market

Smart agriculture companies are shifting their focus toward the development of equipment that is integrated with advanced sensors and cameras. Key technologies driving the market demand include livestock biometrics, such as RFID, biometrics, and GPS to help cultivators automatically obtain information regarding livestock in real-time. Furthermore, infrastructural health sensors are used for monitoring material conditions and vibrations in buildings, factories, bridges, farms, and other infrastructure. Coupled with an intelligent network, infrastructural health sensors help provide information to the maintenance team in real-time. In addition, agricultural robots are being used to automate farming processes, such as soil maintenance, weeding, fruit picking, harvesting, planting, plowing, and irrigation, among others.

To sustain profits, farmers are increasingly adopting smarter and more efficient agriculture technologies to deliver high-quality products to the smart agriculture market in sufficient quantities. Mobile technology aids in offering innovative types and applications that are used across the agricultural value chain.

Machine-to-Machine (M2M) applications are particularly suited for the agricultural sector, enabling farmers to monitor equipment, assess the environmental impact on production, precisely manage livestock and crops, and keep track of tractors and other agricultural equipment. M2M is an integral part of IoT, which describes the coordination of multiple devices, appliances, and machines connected to the internet through multiple networks.

The COVID-19 pandemic has brought widespread disruption to the global supply chain, resulting in food shortages and inflation. Necessary measures are required to strengthen the food supply chain and prepare for any future crisis. The ongoing pandemic has highlighted the significance of being able to carry out agricultural operations remotely. The ability of smart agricultural practices to help farmers recoup losses in a relatively shorter lead time is expected to drive future market growth.

Browse through Grand View Research's Next Generation Technologies Industry Research Reports.

The global agriculture 4.0 market was estimated at USD 67.73 billion in 2023 and is projected to grow at a CAGR of 11.6% from 2024 to 2030. 

The global AI in food & beverages market size was valued at USD 8.45 billion in 2023 and is projected to grow at a CAGR of 39.1% from 2024 to 2030. 

Key Companies & Market Share Insights

Some of the key players operating in the market include Ag Leader Technology, AGCO Corporation, AgJunction, Inc., AgEagle Aerial Systems Inc., Autonomous Solutions, Inc., Argus Control Systems Ltd, BouMatic Robotic B.V., CropMetrics, CLAAS KGaA mbH, CropZilla, Deere & Company, DICKEY-john, DroneDeploy, DeLaval Inc, Farmers Edge Inc, Grownetics, Inc., Granular, Inc., Gamaya, GEA Group Aktiengesellschaft, Raven Industries, Trimble Inc., Topcon Positioning System among others.

AGCO Corporation is a U.S.-based agriculture equipment manufacturer. The company develops and sells products and solutions such as tractors, combines, foragers, hay tools, self-propelled sprayers, smart farming technologies, seeding equipment, and tillage equipment.

Deere & Company is engaged in the manufacturing & construction of agricultural and forestry machinery; drivetrains and diesel engines for heavy equipment; and lawn care machinery. Additionally, the company also manufactures and provides other heavy manufacturing equipment. The company serves diverse industries such as agriculture, forestry, construction, landscaping & grounds care, engines & drivetrain, government and military, and sports turf.

Prospera Technologies and Agrible, Inc. are some of the emerging market participants in the target market.

Prospera Technologies is a global service provider of agriculture technology for managing and optimizing irrigation and crop health. The company provides AI-based sensors and cameras that aid farmers in crop monitoring.

Agrible is a U.S.-based agriculture solution provider. The company helps customers in more than 30 countries optimize water use, crop protection, fertilization, fieldwork, research trials, food supply chains, and sustainability initiatives

Key Smart Agriculture Companies:

Ag Leader Technology

AGCO Corporation

AgJunction, Inc.

AgEagle Aerial Systems Inc.

Autonomous Solutions, Inc.

Argus Control Systems Ltd

BouMatic Robotic B.V.

CropMetrics

CLAAS KGaA mbH

CropZilla

Deere & Company

DICKEY-john

DroneDeploy

DeLaval Inc

Farmers Edge Inc

Grownetics, Inc.

Granular, Inc.

Gamaya

GEA Group Aktiengesellschaft

Raven Industries

Trimble Inc.

Topcon Positioning System

Recent Developments

In July 2023, Deere & Company announced the acquisition of Smart Apply, Inc. The company planned to leverage Smart Apply’s precision spraying to assist growers in addressing the challenges associated with input costs, labor, regulatory requirements, and environmental goals.

In May 2023, AgEagle Aerial Systems Inc. announced that it had entered into a 2-year supply agreement with Wingtra AG. This agreement is purposed to secure the supply of RedEdge-P sensor kits for incorporation with WingtraOne VTOL drones. This is specifically resourceful for those seeking to benefit materially from unparalleled, high precision, and plant-level detail in commercial agriculture, environmental research, forestry, and water management applications.

In April 2023, AGCO Corporation announced a strategic collaboration with Hexagon, for the expansion of AGCO’s factory-fit and aftermarket guidance offerings. The new guidance system was planned to be commercialized as Fuse Guide on Valtra and Massey Ferguson tractors.

In February 2023, Topcon Agriculture unveiled the launch of Transplanting Control, an exceptional guidance control solution for specialty farmers. This turnkey solution was designed to boost efficiency, reduce labor, and proliferate production. Further, it delivers GNSS-driven guidance, autosteering & control, thereby proving advantageous for the growers of perennial trees, vegetables, and fruits.

In January 2023, ASI Logistics in collaboration with SICK, Inc. announced the successful implementation of autonomous yard truck operations. In this collaboration, ASI Logistics leveraged its groundbreaking Vehicle Automation Kit (VAK) along with the industry-leading LiDAR systems of SICK.

In March 2022, Raven announced its business expansion in South Dakota and Arizona to enhance the development of AI-driven technologies for tailoring cutting-edge solutions. The strategy was also aimed at allowing access to a nearby test farm for same-day testing.

In October 2021, BouMatic announced the acquisition of SAC Group to leverage automatic and conventional milking systems. The transaction demonstrated the company’s incessant commitment to delivering best-in-class dairy farm solutions to consumers across the world.

In May 2021, AGCO announced a targeted spraying solutions strategic collaboration with Raven Industries Inc., BASF Digital, and Robert Bosch GmbH. The objective of this deal was to assess the targeted spraying technology for enhancing crop protection product applications by limiting crop input costs and addressing environmental sustainability.

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