Global Indoor Farming Market: In-Depth Analysis and Forecasts for 2023-2028
MarkNtel Advisors, a leading market research firm, has showed its latest study titled "Indoor Farming Market", offering a detailed industry overview and market perspective. This comprehensive research provides insights into the current state of the market, highlighting recent advancements and emerging trends.
The report combines in-depth quantitative analysis with qualitative analysis; it ranges from macro-overviews of the overall market size, industry chain, and market dynamics to micro details of segment markets. This, as a result, provides a thorough overview of the industry under study as well as a profound understanding of all of its important features.
Analysis and Insights into the Indoor Farming Market: 2023-2028
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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What are the primary factors driving the growth of the Indoor Farming Market?
Decreased Cultivable Area Globally, Prompting The Repurposing of Existing Agricultural Land. - Unfavorable weather conditions like droughts, soil erosion, floods, and intensive pesticide usage, which are the prominent causes of the decreased cultivable area, have led to reduced yield over time. Growing crops indoors is the best way to address this severe concern affecting soil fertility globally. In addition, it creates new arable land, subsequently increasing the output and productivity of existing agricultural land. With innovative methods like Hydroponics Farming, Aeroponics Farming, Aquaponics Farming, and Vertical Farming, indoor methods are anticipated to gain traction and drive the market during the forecast period.
Indoor Farming Market Segmentation:
The Indoor Farming market is categorized in to different segments. Analyzing growth across these segments enables a comprehensive understanding of key growth areas within the industry. This segmentation provides valuable market insights, empowering stakeholders to make strategic decisions and identify primary market applications effectively.
By Type
- Hydroponics Farming
- Aeroponics Farming
- Aquaponics Farming
- Vertical Farming
By Facility
- Greenhouses
- Container Farms
- Indoor Vertical Farms
- Indoor Deep Water Culture
By Component
- Hardware
- Climate Control Systems
- Lighting Systems
- Sensors
- Irrigation Systems
- Software
- Web-Based
- Cloud-Based
By Crop
- Fruits and Vegetables
- Tomato
- Lettuce
- Bell Chili Peppers
- Strawberry
- Cucumber
- Others (Leafy Greens, Kale)
- Herbs and Microgreen
- Herbs
- Tarragon
- Wheatgrass
- Others (Basil, Bay)
- Flowers and Ornamentals
- Annuals
- Perennials
- Ornamentals
- Others (Orchids, Succulents)
Geographical Analysis into the Indoor Farming Market:
The Indoor Farming market is categorized based regional:
- North America
- South America
- Europe
- The Middle East Africa
- Asia-Pacific
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Competitive Landscape and Indoor Farming Market Share Analysis:
The competitive landscape of the Indoor Farming Market includes comprehensive details about competitors. These details encompass company overviews, financial performance, revenue generation, market potential, investments in research and development, new market strategies, production facilities, strengths and weaknesses, product launches, ongoing trials, approvals, patents, product range, dominant applications, and technology life cycle.
- Aessense Corporation
- Argus Control Systems Limited
- Bowery Farming Inc
- BrightFarms
- Certhon
- Crop One Holdings, Inc.
- General Hydroponics
- Green Sense Farms Holdings, Inc.
- Metropolis Farms Inc
- Netafim
- Priva
- Richel Group
- Signify Holdings
- Village Farms International Inc
- Windset Farms
- Others
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Questions Addressed in this Study
- What factors are driving the Indoor Farming Market growth?
- How is the Indoor Farming Market expected to grow over the next five years?
- What are the key insights into the current trends in the Indoor Farming Market?
- What is the current size of the Indoor Farming Market, and how is it projected to change in the future?
- What is the future outlook for the Indoor Farming Market in terms of technological advancements and market expansion?
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Our specialization in niche industries emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing forecasting, trend analysis, among others, for 14.8 diverse industrial verticals.
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