Indoor Farming Technology Market Size is anticipated to reach at a CAGR of 5.0% during the forecast period
During the projected period of 2022–2030, the worldwide indoor farming technology
market is anticipated to grow at a compound annual growth rate
(CAGR) of 5.0%.
Growing different crops, including fruits and vegetables,
leafy vegetables, herbs, microgreens, flowers, and ornamentals indoors using a
variety of methods is known as indoor farming technology (IFT). The food
produced using this method is very nutritious since it provides organic food
that is free of pesticide contamination and controls nutrients that fertilize
the plants.
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GROWTH DRIVERS:
The rise in consumer demand for fresh, pesticide- and
herbicide-free foods with high nutritional value, rising consumer awareness of
the benefits of indoor farming technology systems, mounting pressure on the
agriculture sector to meet the soaring food demand, and rising concerns about
food security are the main factors propelling the growth of the global indoor
farming technology market.
Adopting indoor farming has a number of benefits,
including producing a larger yield than traditional farming techniques while
consuming 95% less water and less space. Due to the growing global population,
rising food consumption, and dwindling supplies of arable land and water, there
is an urgent need to produce more goods with fewer resources. This is leading
to greater use of indoor farming technology across geographies, which is boosting
the market's overall growth.
The increasing adoption of growth strategies like
partnerships, collaborations, and mergers & acquisitions by top players in
the market to expand their product portfolio and their geographic reach is also
anticipated to further provide ample growth opportunities for the development
of the global indoor farming technology.
These factors include the escalating technological advancements in indoor
farming, the rising production of biopharmaceutical products, and the
increasing adoption of these strategies by leading players in the market.
INDOOR FARMING TECHNOLOGY MARKET
SEGMENTATION:
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
· Integrated
Systems
By Crop Type:
· Fruits
& Vegetables
· Herbs
& Microgreens
· Flowers
& Ornamentals
· Others
By Region:
· North
America
· Europe
· Asia
Pacific
· Latin
America
· Middle
East and Africa
KEY COMPANIES IN INDOOR FARMING TECHNOLOGY
MARKET:
· Hydrodynamics
International
· American
Hydroponics
· Richel
Group
· Vertical
Farm Systems
· General
Hydroponics
· Signify
Holding
· Everlight
Electronics
· Argus
Control Systems
· LumiGrow
· Netafim
· Logiqs
· Illumitex
· Agrilution
· Heliospectra
AB
· Scotts
Miracle Gro
· Hydroponics
System International
· Advanced
Nutrients
· Emerald
Harvest
· VitaLink
· Other
Players
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