#Indoor Farming Market Growth

[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.

[futuretonext]

The Global Indoor Farming Market is projected to grow at a CAGR of around 11.2% during the forecast period, i.e., 2023-28. The World Bank Group reports that the average amount of arable land per person decreased from 0.197 hectares in 2013 to 0.192 hectares in 2016. The loss of agricultural land has primarily been brought about by its redistribution for non-agricultural uses, including urbanization, highways, industry and housing, as well as soil erosion and pollution in many developing countries.

[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)

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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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[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.

[globalinsightsservices]

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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[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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[market-insider]

Greenhouses Segment Dominated The Indoor Farming Market

The global indoor farming market size is estimated to reach USD 122.3 billion by 2030, exhibiting a CAGR of 13.5% from 2022 to 2030, according to the new report conducted by Grand View Research, Inc. The increasing demand for food owing to the rising population is expected to drive the growth. Factors such as declining water supply, urbanization, and climate change have contributed to the loss of arable land. This, in turn, is driving demand for indoor farms to produce food. In addition, challenges, such as rising global temperature and extreme weather conditions, act as a barrier to the traditional farming technique. The European Environment Agency (EEA) has carried out several initiatives to build vertical farms to overcome these challenges and produce food in an eco-friendly way.

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

Indoor farming increases the crop yield and reduces the farming impact on the environment by reducing the distance traveled in the supply chain. It reduces the need for the land space required to grow plants compared to traditional farming methods by using growing shelves mounted vertically. Rising consumer awareness regarding the consumption of healthy and fresh food is anticipated to positively influence the market for indoor farming during the forecast period. Furthermore, the use of technology, such as LED indoor farming, to create nature-like conditions will help farmers meet the expected demand for food supply in the near future.

Europe dominated the market in 2021 and is anticipated to remain dominant over the forecast period, owing to the continuous adoption of advanced technologies such as LED lighting, and controlled environment agriculture. Asia Pacific is expected to exhibit the fastest CAGR from 2022 to 2030, owing to the increasing indoor farms in countries such as China and Japan. Increasing adoption of greenhouses and vertical farms is expected to support regional growth. In addition, the rising demand for pesticide-free, fresh vegetables and fruits is expected to fuel the regional market growth.

[macleod]

From Japan to Iceland, futuristic vertical farms are starting to bloom

Indoor farming is a new and rapidly growing trend that has significant benefits over traditional agriculture methods, including increased efficiency and sustainability. Indoor farming can also help to combat climate change by reducing the amount of greenhouse gas (carbon dioxide, methane) released into the atmosphere and reducing the need for pesticides.

There are several different ways to do indoor farming, but the most common approach is to use hydroponic systems. These systems rely on water systems rather than soil to support plant growth, creating a controlled environment for the plants to grow in efficiently. An array of sensors designed specifically for this ensure that waste is minimized and resources are recycled whenever possible. Hydroponics also allows farmers to grow crops without dealing with pests or disease outbreaks, and it requires minimal land area compared to traditional agriculture methods. Because you essentially build the farm vertically, you can use places like former factories or warehouses.

In the Shizuoka Prefecture, a facility that’s around 20,000 square feet (0.2 hectares) grows a whopping 12,000 lettuces a day (lettuce is excellently suited for this type of farm). Farmers set up the light regime for the plants (using LEDs), as well as the temperature and humidity level, and enjoy round the year crops. Not only is the area required for the yield much lower than with conventional methods, but the water usage is also lower (10-20 times lower).

More recently, a farm in Kyoto developed by a company called Spread became a record-breaking facility that also introduced bees to pollinate its strawberries, achieving stable pollination under LED conditions and showing that there’s plenty of unexplored opportunity within vertical farms.Image credits: Spread.

Singapore is also betting on vertical farms with one farm established in 2022 producing 500 tonnes of greens each year, in addition to its previous projects. Being able to grow food directly in urban areas means you can bring it to consumers quickly and inexpensively.

Meanwhile, Iceland is taking advantage of its ability to produce cheap, sustainable energy using geothermal sources to fuel a large vertical farm. Iceland has constantly had a problem of having to import food, and Iceland has one of the most expensive food markets in the world due to this. But Andri Bjorn Gunnarsson, founder and CEO of VAXA, the company behind the vertical farm, says Iceland also has some advantages that make it suitable for vertical farming.

(Source: ZME Science, November 9th 2022)

[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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The Global Indoor Farming Market is projected to grow at a CAGR of around 11.2% during the forecast period, i.e., 2023-28. The World Bank Group reports that the average amount of arable land per person decreased from 0.197 hectares in 2013 to 0.192 hectares in 2016. The loss of agricultural land has primarily been brought about by its redistribution for non-agricultural uses, including urbanization, highways, industry and housing, as well as soil erosion and pollution in many developing countries.

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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.

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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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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.

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Email: sales@reedintelligence.com