According to MarkNtel Advisors who is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. Recently released a report on Indoor Farming Market - Industry Trends and Forecast to 2028 and provides a comprehensive analysis of the current and future market conditions. The market research insights offered in this report enhance understanding of the market landscape, potential challenges, and strategies to establish a strong brand presence. With detailed market segmentation, in-depth analysis of key players, examination of consumer and supply chain trends, and exploration of new geographic markets, the insights presented in this report simplify the effective marketing of products and services.
Global Indoor Farming Market Analysis and Size
The Global Indoor Farming Market is projected to grow at a CAGR of around 11.2% during the forecast period, i.e., 2023-28.
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Some of the major players operating in the Indoor Farming Market are 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.
Indoor Farming Market Growth Driver:
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.
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Market Segment and Geographical Analysis
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)
By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
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