#Indoor Farming Industry Size

[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.

For More Information, refer to below link:-

Farming Technologies Market Future Outlook

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[marketinsight1234]

Indoor Farming Market Outlook for Forecast Period (2023 to 2030)

Indoor Farming Market was valued at USD 34790 million in 2021 and is expected to reach USD 53570 million by the year 2028, at a CAGR of 6.36%.

The rising interest in indoor farming has been acting as a critical point for the food supply chain as the world population is expected to gain 9.8 billion by 2050, and the effects of global warming on nutrient depletion in crops have been posing as a threat for crop production. In these situations, indoor farming has been proving to be an efficient way to produce more food with few resources than conventional farming, without depending on arable land availability and external climate conditions. The indoor farming industry is prominently by the greenhouse technologies, but due to increasing technological innovations and interest among the growers, other branches, such as aeroponics and hydroponics, are also observed to be growing.

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Leading players involved in the Indoor Farming Market include:

Philips Lighting, Everlight Electronics, Argus Controls Systems, Netafim, Lumigrow, Logiqs, Illumitex, Vertical Farm Systems, Hydrodynamics International, General Hydroponics, Richel Group, American Hydroponics, Agrilution and Other Major Players. 

The latest research on the Indoor Farming market provides a comprehensive overview of the market for the years 2023 to 2030. It gives a comprehensive picture of the global Indoor Farming industry, considering all significant industry trends, market dynamics, competitive landscape, and market analysis tools such as Porter's five forces analysis, Industry Value chain analysis, and PESTEL analysis of the Indoor Farming market. Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years. The report is designed to help readers find information and make decisions that will help them grow their businesses. The study is written with a specific goal in mind: to give business insights and consultancy to help customers make smart business decisions and achieve long-term success in their particular market areas.

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Segmentation of Indoor Farming Market:

By Growing System

Alumina

Titanite

Zirconia

Silicon Carbide

Aluminum Nitride

Silicon Nitride

Other

By Facility Type

Monolithic Ceramics

Ceramic Matrix Composites

Ceramic Coating

By Crop Type

Electrical and Electronics

Transportation (Aerospace & Automotive)

Medical Industrial Defense

Security Chemical

Other

Market Segment by Regions: -

North America (US, Canada, Mexico)

Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)

Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)

Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)

Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)

South America (Brazil, Argentina, Rest of SA)

Reasons for Acquiring this Report:

1. Strategic Decision-Making for Government Leaders and Politicians:

Gain insights into the global Indoor Farming Market Growth 2023-2030 market revenues at global, regional, and national levels until 2030. Assess and strategize market share based on comprehensive analysis, enabling informed decision-making. Identify potential markets for exploration and expansion.

2. Informed Decision-Making for Professionals and Product Developers:

Access a detailed breakdown of the Indoor Farming Market Growth 2023-2030 market worldwide, including product variations, use cases, technologies, and final consumers. Allocate resources effectively by anticipating demand patterns for emerging products. Stay ahead in product development by understanding market dynamics and consumer preferences.

3. Strategic Planning for Sales Managers and Market Stakeholders:

Utilize market breakdowns to target specific segments, optimizing sales strategies. Address challenges and capitalize on expansion opportunities highlighted in the report. Mitigate threats effectively with a comprehensive understanding of market risks.

4. Comprehensive Understanding for Executives:

Analyze primary drivers, challenges, restrictions, and opportunities in the global Laboratory Clothes market. Develop effective strategies by gaining insights into market dynamics. Allocate resources based on a thorough understanding of market conditions.

5. Competitive Intelligence:

Obtain a detailed analysis of competitors and their key tactics in the Indoor Farming Market Growth 2023-2030. Plan market positioning based on a comprehensive understanding of the competitive landscape. Stay ahead by learning from competitors’ strengths and weaknesses.

6. Accurate Business Forecasting:

Evaluate the accuracy of global Indoor Farming Market Growth 2023-2030 business forecasts across regions, major countries, and top enterprises. Make data-driven decisions with confidence, minimizing risks associated with inaccurate forecasts. Stay ahead of industry trends by aligning business strategies with reliable forecasts.

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[mi-researchreports]

The Indoor Farming Market is expected to reach USD 24.88 billion in 2023 and grow at a CAGR of 10.60% to reach USD 41.17 billion by 2028. Bowery Inc., Crop One Holdings, Superior Fresh, Village Farms International Inc., Windset Farms are the major companies.

[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.

Get a Free Sample of The Report: https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-indoor-farming-technology-market

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.

Get full access to the report: https://www.databridgemarketresearch.com/reports/global-indoor-farming-technology-market

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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[hometoursandotherstuff]

Very different church conversion was done on this 1876 church in Ulster Park, New York. 4bds, 4ba, $2M.

As soon as you enter, you can tell that it will be different. I've never seen a church decorated in navy and black with antique farm implements.

Stairs lead up to a blue foyer with a terrazzo floor and a fancy carved door molding.

The foyer leads into a combination living room/kitchen. The living room has a new fireplace and it's a small cozy area.

There's a kitchen island and the modern kitchen itself extends farther back.

There's also a side entrance into the kitchen via a small stoop.

From this level is are ladder/stairs made from 2 old beams. The railing is a simple rope.

This leads up to a large open area with such dark walls that I thought they were charred, but it's just dark.

The stone walls are the same that we saw on the exterior. There's a dining area with an elaborate chandelier.

There is also a sitting area, a chopping block and a large round indoor firepit with an exhaust hood.

Looking down on the area, you can see sliding doors to a deck.

The deck is a large size and has 2 storage areas for logs that are used for the firepit.

Back indoors, stairs go up to a lofted bedroom.

This is the only bedroom that is open.

Bathroom #1 is small and done in classic white subway tiles.

The 2nd bedroom is larger and is the primary.

This bath has stone walls and a cool slanted slate sink.

The smallest bedroom works well as a child's room or guest space.

The largest bath has a stone sink, modern toilet & bidet, plus a shower and a vintage claw foot tub.

The 4th bedroom is a nice size.

Here, they built a platform that is used as a home office, and above is a loft stacked with lots of wood for the firepit.

There's another level that looks like a flex-space and it also has an industrial sink.

Two steps up is another area. I really don't know what you'd do with all these various areas.

This is the tower that is in front of the building and there's more firewood stored up here.

Spiral stairs go up the the uppermost part of the tower.

And, this is the view.

There's a .50 acre of property.

[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

Get Detailed Segmentation @ https://reedintelligence.com/market-analysis/global-plant-genetic-engineering-market/segmentation

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.

Buy Plant Genetic Engineering Market Research Report @ https://reedintelligence.com/market-analysis/global-plant-genetic-engineering-market/buy-now

Contact Us:

Email: sales@reedintelligence.com

[umadeochake]

Hydroponic Substrate Market Supply and Manufacturers Analysis Research Report 2036

Research Nester published a report titled “Hydroponic Substrate Market: Demand Analysis & Opportunity Outlook 2036” which delivers detailed overview of the global hydroponic substrate market in terms of market segmentation by type, and by region.

Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.

The global hydroponic substrate market is anticipated to grow with a CAGR of ~11% during the forecast period, i.e. 2023-2035. The market is segmented by type into organic and inorganic. Out of these, the inorganic segment is anticipated to garner the highest market share by 2031. The growth of the segment is attributed to high trade of rock wool which is a type of inorganic hydroponic substrate. The Observatory of Economic Complexity stated that in 2020, in 2020, rock wool was the world's 521st most traded product. This was equivalent to the value of USD 4.38 billion.

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The global hydroponic substrate market is estimated to garner a notable revenue by the end of 2031. Hydroponics farming is a preferred choice for its faster plant growth as compared to the conventional method. Also, it eliminates the need for pesticides and herbicides and any type of water can be used that can be recycled and reused, which further reduces the need for fresh water and uses less space. The recent health awareness has propelled the population to shift towards salad crops and vegetables which is expected to boost the growth of the hydroponics market during the forecast period. Furthermore, a higher yield of hydroponic crops as compared to conventional soil crops, increasing need for food security with increasing population, rising cultivation of medicinal plants, and increasing adoption of environment-friendly techniques such as farming, agriculture is some of the growth drivers of the hydroponics market.

Geographically, the global hydroponic substrate is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Out of these, the market in Asia Pacific region is estimate to garner the largest market share by the end of 2031, on the back of increased demand of food grains by burgeoning population, expansion in agricultural employment, high disposable income and considerable growth in GDP.

The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.

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Rise in Agriculture Industry to Drive the Market Growth

This high growth rate is attributed to the adoption of hydroponic systems for the indoor farming of vegetables. Also, the rising preference of alternative farming methods for cannabis cultivation is rapidly rising, owing to the legalization of marijuana in many countries. The negative effects of pesticides and artificial ripening agents on their health is expected to drive the demand for hydroponics, as the method eliminates the need for such products, thereby providing nutritionally superior vegetables. Low installation cost and ease of operation of these systems are also expected to boost the adoption in near future.

However, the shortage of labors coupled with low adoption rate and additional expenses in production process is expected to operate as key restraints to the growth of the global hydroponic substrate over the forecast period.

This report also provides the existing competitive scenario of some of the key players of the global hydroponic substrate market which includes company profiling of Comercial Projar, S.A. (Projar Group), ROCKWOOL International A/S, Galuku Group Limited, CANNA, Ceyhinz Link International, Inc., JB Hydroponics B.V., The Wonderful Soils Company, Hydrofarm Holdings Group, Inc., Re-Nuble, Inc., Malaysia Hydroponics, and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global hydroponic substrate market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.     

Access our detailed report @ https://www.researchnester.com/reports/hydroponic-substrate-market/4322

About Research Nester-

Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision in order to avoid future uncertainties.

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AJ Daniel

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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.

[axisindiaelectricals]

Streamlining Electrical Distribution: Exploring the Benefits of SMC Distribution Boxes

SMC (Sheet Moulding Compound) distribution boxes are integral components in electrical systems, serving as enclosures for organizing and protecting electrical connections and components. These boxes, manufactured using SMC materials known for their durability and insulating properties, play a vital role in ensuring the safety and efficiency of electrical distribution networks. In this article, we delve into the features, advantages, applications, and considerations associated with SMC distribution boxes.

Features of SMC Distribution Boxes:

Material Composition: SMC distribution boxes are crafted from Sheet Moulding Compound, a composite material made of resins, fiberglass, and fillers. This material offers high strength, excellent insulating properties, and resistance to corrosion and environmental factors.

Enclosure Design: SMC distribution boxes feature robust enclosures designed to house electrical components, including circuit breakers, terminals, and wiring connections, while providing protection against dust, moisture, and physical damage.

Temperature Resistance: SMC materials exhibit exceptional thermal stability, allowing distribution boxes to withstand a wide range of temperatures without compromising their structural integrity or insulating properties.

Fire Retardant Properties: SMC distribution boxes are inherently fire retardant, reducing the risk of fire propagation in case of electrical faults or short circuits.

Benefits of SMC Distribution Boxes:

Durability: SMC distribution boxes are highly durable and resistant to impacts, chemicals, and environmental conditions, ensuring long-term reliability in various applications.

Corrosion Resistance: The corrosion-resistant nature of SMC materials makes these boxes ideal for both indoor and outdoor installations, even in harsh or corrosive environments.

Insulation: SMC distribution boxes provide excellent electrical insulation, preventing electrical shocks and short circuits by effectively isolating live components from external elements.

Lightweight Construction: Compared to traditional metal enclosures, SMC distribution boxes are lightweight, making them easier to handle and install while maintaining structural strength.

Applications of SMC Distribution Boxes:

Residential Installations: SMC distribution boxes are commonly used in residential electrical systems to house circuit breakers, fuses, and wiring connections, providing a safe and organized solution for distributing power within homes.

Commercial Buildings: In commercial settings, SMC distribution boxes are employed to manage electrical connections and circuits, ensuring reliable power distribution and enhancing electrical safety in offices, retail spaces, and industrial facilities.

Industrial Applications: SMC distribution boxes find extensive use in industrial environments to protect and organize electrical components in control panels, machinery, and equipment, where durability and reliability are paramount.

Renewable Energy Systems: SMC distribution boxes play a crucial role in solar power installations and wind farms, providing secure enclosures for inverters, combiner boxes, and other electrical components in renewable energy systems.

Considerations for Selecting SMC Distribution Boxes:

Size and Configuration: Choose a distribution box size and configuration that accommodates the required electrical components and fits the installation space effectively.

IP Rating: Consider the Ingress Protection (IP) rating of the SMC distribution box to ensure adequate protection against dust and moisture based on the installation environment.

Safety Standards: Verify that the SMC distribution box complies with relevant safety standards and certifications to guarantee its performance and reliability in electrical installations.

Installation Requirements: Ensure proper installation practices are followed to maintain the integrity of the SMC distribution box and optimize its performance in the electrical system.

In conclusion, SMC distribution boxes play a vital role in organizing, protecting, and distributing electrical power in various settings, offering durability, corrosion resistance, insulation, and safety benefits. Their versatility and reliability make them essential components in modern electrical installations, contributing to the efficient operation and longevity of electrical systems. By understanding the features, advantages, applications, and considerations associated with SMC distribution boxes, users can make informed decisions when selecting these enclosures for their specific electrical distribution needs.

[marketinsight1234]

Indoor Farming Market Outlook for Forecast Period (2023 to 2030)

Indoor Farming Market was valued at USD 34790 million in 2021 and is expected to reach USD 53570 million by the year 2028, at a CAGR of 6.36%.

The rising interest in indoor farming has been acting as a critical point for the food supply chain as the world population is expected to gain 9.8 billion by 2050, and the effects of global warming on nutrient depletion in crops have been posing as a threat for crop production. In these situations, indoor farming has been proving to be an efficient way to produce more food with few resources than conventional farming, without depending on arable land availability and external climate conditions. The indoor farming industry is prominently by the greenhouse technologies, but due to increasing technological innovations and interest among the growers, other branches, such as aeroponics and hydroponics, are also observed to be growing.

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Leading players involved in the Indoor Farming Market include:

Philips Lighting, Everlight Electronics, Argus Controls Systems, Netafim, Lumigrow, Logiqs, Illumitex, Vertical Farm Systems, Hydrodynamics International, General Hydroponics, Richel Group, American Hydroponics, Agrilution and Other Major Players. 

The latest research on the Indoor Farming market provides a comprehensive overview of the market for the years 2023 to 2030. It gives a comprehensive picture of the global Indoor Farming industry, considering all significant industry trends, market dynamics, competitive landscape, and market analysis tools such as Porter's five forces analysis, Industry Value chain analysis, and PESTEL analysis of the Indoor Farming market. Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years. The report is designed to help readers find information and make decisions that will help them grow their businesses. The study is written with a specific goal in mind: to give business insights and consultancy to help customers make smart business decisions and achieve long-term success in their particular market areas.

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Segmentation of Indoor Farming Market:

By Growing System

Alumina

Titanite

Zirconia

Silicon Carbide

Aluminum Nitride

Silicon Nitride

Other

By Facility Type

Monolithic Ceramics

Ceramic Matrix Composites

Ceramic Coating

By Crop Type

Electrical and Electronics

Transportation (Aerospace & Automotive)

Medical Industrial Defense

Security Chemical

Other

Market Segment by Regions: -

North America (US, Canada, Mexico)

Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)

Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)

Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)

Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)

South America (Brazil, Argentina, Rest of SA)

Reasons for Acquiring this Report:

1. Strategic Decision-Making for Government Leaders and Politicians:

Gain insights into the global Indoor Farming Market Growth 2023-2030 market revenues at global, regional, and national levels until 2030. Assess and strategize market share based on comprehensive analysis, enabling informed decision-making. Identify potential markets for exploration and expansion.

2. Informed Decision-Making for Professionals and Product Developers:

Access a detailed breakdown of the Indoor Farming Market Growth 2023-2030 market worldwide, including product variations, use cases, technologies, and final consumers. Allocate resources effectively by anticipating demand patterns for emerging products. Stay ahead in product development by understanding market dynamics and consumer preferences.

3. Strategic Planning for Sales Managers and Market Stakeholders:

Utilize market breakdowns to target specific segments, optimizing sales strategies. Address challenges and capitalize on expansion opportunities highlighted in the report. Mitigate threats effectively with a comprehensive understanding of market risks.

4. Comprehensive Understanding for Executives:

Analyze primary drivers, challenges, restrictions, and opportunities in the global Laboratory Clothes market. Develop effective strategies by gaining insights into market dynamics. Allocate resources based on a thorough understanding of market conditions.

5. Competitive Intelligence:

Obtain a detailed analysis of competitors and their key tactics in the Indoor Farming Market Growth 2023-2030. Plan market positioning based on a comprehensive understanding of the competitive landscape. Stay ahead by learning from competitors’ strengths and weaknesses.

6. Accurate Business Forecasting:

Evaluate the accuracy of global Indoor Farming Market Growth 2023-2030 business forecasts across regions, major countries, and top enterprises. Make data-driven decisions with confidence, minimizing risks associated with inaccurate forecasts. Stay ahead of industry trends by aligning business strategies with reliable forecasts.

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[market-insider]

Market Report on Vertical Farming Products: Understanding Size, Share, and Growth Trajectories

The global vertical farming market size is expected to reach USD USD 24.95 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 20.1% from 2023 to 2030. Increased use of Internet of Things (IoT) sensors for producing crops is likely to spur market demand over the forecast period. Information obtained from the sensors is stored on the cloud and analyzed to perform the required actions. The growing automation in agriculture and increasing use of big data and predictive analytics for maximizing yields are also likely to drive the market.

Vertical farming is effective in ensuring stability in crop production and maintaining reliability even in adverse climatic conditions. It provides multiple benefits over the traditional farming technique, such as less use of water, the lesser need for agrochemicals, and low dependence on agricultural labor. Vertical farming makes use of metal reflectors and artificial lighting to maximize natural sunlight.

Genetically modified organisms and the environmental and health effects of pesticides and other non-natural substances that are used for increasing agricultural production have encouraged consumers to adopt organic foods. According to the Organic Trade Association, the U.S. organic industry sales increased by around 5% in 2019 owing to the increased investment in infrastructure and education. As per the Organic Foods Production Act of 1990, the handlers and growers of organic products need to comply with the regulations.

Artificial lighting helps in extending the hours of natural daylight, which further increases the health, growth rate, and yield of the plants. Artificial lighting such as high-pressure sodium lighting and LED lighting can extend the availability of crops (throughout a season). LED lighting systems produce a dual-band color spectrum and generate low heat. They are anticipated to witness significant growth over the forecast period.

A hydroponic system is a method of growing plants without soil. A hydroponic system eliminates the need for pesticides and artificial ripening agents and helps in producing nutritionally-rich vegetables. However, factors such as high initial investment and fewer crop varieties are likely to restrain the market growth.

For More Details or Sample Copy please visit link @: Vertical Farming Market Report

Vertical Farming Market Report Highlights

The escalating production of biopharmaceutical products is anticipated to drive the market

The shipping container segment accounted for the largest market share in 2022. Shipping container-based farming uses less water than traditional farming with drip irrigation. Shipping containers can be easily stacked, modified, recycled, and refurbished at a lower cost. Additionally, the excess availability of unused shipping containers across the region will likely influence segment growth over the forecast period

The hardware segment accounted the largest market share in 2022. The hardware plays a significant role in maintaining the environment of the indoor farms. The segment is further categorized into climate control systems, lighting systems, sensors, and irrigation systems, which enables the cultivation of indoor-grown crops

The fruits vegetables, & herbs segment is also expected to have considerable growth over the forecast period. The increasing cultivation of commonly grown fruits and vegetables in greenhouses is driving the segment growth. Crops grown in vertical farming provide maximum profit to companies involved in their cultivation

Based on offering, the climate control segment is expected to witness high growth over the forecast period as the growth of crops can be controlled by monitoring and adjusting the concentrations of minerals

By growing mechanism, the aeroponics segment is expected to observe considerable growth over the forecast period as the aeroponics facilitate fast growth in plants (under normal conditions)

The North American regional market is expected to witness significant growth over the forecast period owing to the expansion of small-scale, commercial vertical farms

Gain deeper insights on the market and receive your free copy with TOC now @: Vertical Farming Market Report

We have segmented the global vertical farming market report based on structure, growing mechanism, crop category and region.

[digitalservices99]

cow rubber mats

In the realm of agricultural and livestock care, the quality of equipment and materials used significantly impacts the health and productivity of animals. Ameenji, a prominent name in the industry, stands out as a leading manufacturer of cow rubber mats, offering a range of products designed to enhance animal welfare and operational efficiency on farms.

Superior Quality and Durability

Ameenji’s cow rubber mats are crafted from high-grade rubber materials, ensuring exceptional durability and performance. These mats are engineered to withstand harsh conditions, making them ideal for both indoor and outdoor use. The robust construction provides a long-lasting solution for managing livestock environments, reducing the need for frequent replacements and ensuring a cost-effective investment for farmers.

Enhanced Animal Comfort and Health

One of the standout features of Ameenji's rubber mats is their ability to provide superior comfort to cattle. The mats are designed with a cushioning effect that alleviates stress on animals' joints and hooves, promoting better health and reducing the risk of injuries. This cushioning also helps in maintaining proper hygiene, as the mats are easy to clean and resistant to bacteria, which contributes to a healthier living environment for the cattle.

Innovative Design and Versatility

Ameenji’s commitment to innovation is evident in the design of their cow rubber mats. The mats feature a textured surface that enhances grip and prevents slipping, ensuring safety for animals as they move about. Additionally, the mats are available in various sizes and thicknesses to suit different needs and preferences, providing versatility for various farm setups.

Environmental and Economic Benefits

In addition to improving animal welfare, Ameenji's rubber mats offer significant environmental and economic benefits. The mats are made from recycled rubber materials, contributing to sustainable practices and reducing waste. Economically, the durability of the mats means fewer replacements and lower long-term costs for farmers.

A Trusted Partner in Livestock Management

Ameenji has built a strong reputation in the industry by consistently delivering high-quality cow rubber mats that meet the needs of modern farms. With a focus on excellence and customer satisfaction, Ameenji remains a trusted partner for livestock managers seeking reliable and effective solutions.

In conclusion, Ameenji’s cow rubber mats exemplify the company’s dedication to quality, innovation, and sustainability. By choosing Ameenji, farmers can ensure their livestock receive the best possible care while benefiting from durable and cost-effective products.

[futuristicpaintercat]

The Emergence of LED Lighting Technology

Light Emitting Diodes or LEDs have emerged as one of the most promising lighting technologies in the last few decades. LED lights are now widely used across various applications like indoor lighting, outdoor lighting, automotive lighting and more. Let's understand more about LED lighting technology and how it has changed the lighting industry. Working of an LED Light An LED or Light Emitting Diode is a semiconductor device that emits light when an electric current is passed through it. It consists of a chip of semiconducting material doped with impurities to create a p-n junction. When electric current passes through the junction, electrons recombine with electron holes which results in the emission of photons or light. The wavelength (or color) of the light emitted depends on the semiconductor material used. LED lights are regarded as more environmentally friendly and efficient compared to traditional incandescent and CFL bulbs. Advantages of LED Lights One of the main advantages of LED lights is their high energy efficiency. LED bulbs convert over 90% of the energy they consume into light, unlike incandescent bulbs that convert only 10% of energy into light. This makes LEDs much more cost effective over the long run compared to other lighting sources. They also have a very long life - typical LED lights can last over 25,000 hours which is 25-30 times longer than incandescent bulbs. LED lights also start illuminating instantly without any warm up time. They do not have any harmful substances like mercury which is present in CFL bulbs. LED lights also have directional light output which makes it suitable for various applications like outdoor lighting, accent lighting etc. They are durable, shock resistant and withstand vibration very well. Applications of LED Lights Today, LED Lighting has applications across various sectors - Indoor Lighting - LED bulbs and strips have become quite popular for indoor lighting in homes, offices etc thanks to their energy efficiency and long life. They are suitable replacements for incandescent and CFL bulbs. Outdoor Lighting - LED lights are widely adopted for outdoor lighting applications like street lights, landscape lighting, floodlights due to their high lumen output, long life and resistance to weather effects. They also have directional light properties. Automotive Lighting - LED lights are now commonly used in automobiles for daytime running lights, brake lights, interior lighting due to their compact size, shock resistance and fast switching times. This reduces the power requirement significantly. Architectural Lighting - Architects are using innovative LED lighting designs for accent lighting, signage boards, fountains etc to enhance aesthetics and visual appeal of buildings and landmarks. Horticulture Lighting - LED grow lights are optimal for indoor farming and vertical farming as plants can be given specific spectra at different growth stages for better yields. They improve harvest rates.

Get more insights on LED Lighting

About Author:

Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. (https://www.linkedin.com/in/ravina-pandya-1a3984191)

[plinthsny]

Top 5 Buffet Riser Sets to Transform Your Next Event into a Culinary Extravaganza

In the world of event planning, the presentation is just as important as the food itself. The right buffet riser set can elevate your culinary display, creating a stunning visual feast that complements the delicious dishes. At PlinthsNY, we understand the importance of blending style with functionality. Here are the top five buffet riser sets that will transform your next event into a culinary extravaganza.

1. The Black Array Riser Set

Elegance Meets Versatility

The Black Array Riser Set is the epitome of sophistication. With its sleek, modern design, this set is perfect for any upscale event. The black finish provides a striking contrast to colorful dishes, making your food pop. The set includes various heights and sizes, allowing you to create dynamic displays that guide your guests’ eyes across the buffet. The sturdy construction ensures that even the heaviest platters remain stable, giving you peace of mind as you focus on your guests.

2. The Rustic Wood Riser Set

Bringing Nature Indoors

For those seeking a more organic feel, the Rustic Wood Riser Set is an excellent choice. Crafted from high-quality wood, these risers add a touch of nature to your event. The natural grains and textures of the wood provide a warm and inviting atmosphere, perfect for farm-to-table themes or outdoor events. The varied heights create depth and interest, while the robust build can support substantial culinary creations.

3. The Crystal Clear Acrylic Riser Set

Modern and Minimalist

If you prefer a minimalist aesthetic, the Crystal Clear Acrylic Riser Set offers a clean and contemporary look. These risers are practically invisible, allowing your food to take center stage. The acrylic material is durable and easy to clean, making it ideal for repeated use. Perfect for modern and chic events, this set adds a touch of elegance without overshadowing your culinary masterpieces.

4. The Industrial Metal Riser Set

Bold and Durable

The Industrial Metal Riser Set is perfect for events with a modern, edgy vibe. Made from high-quality metal, these risers are both durable and stylish. The industrial design pairs well with urban and contemporary themes. The set includes various sizes and heights, providing flexibility in your presentation. The strong construction ensures that your display remains intact, no matter how bustling your event becomes.

5. The Classic White Ceramic Riser Set

Timeless Elegance

The White Ceramic Riser Set is unmatched for a timeless and classic look. The pristine white finish provides a clean canvas that highlights your culinary creations beautifully. These risers are perfect for weddings, anniversaries, and elegant gatherings. The ceramic material is both sturdy and stylish, ensuring your buffet looks impeccable throughout the event.

Conclusion

Choosing the right buffet riser set can dramatically enhance the presentation of your food, turning a simple buffet into a memorable culinary experience. Whether you opt for the sleek Black Array Riser Set from PlinthsNY or another exquisite option, investing in high-quality risers is a decision you won’t regret. 

[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.

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