Indoor Farming Market Expected to Surge with a CAGR of 11.2% by 2028

Indoor Farming Market Expected to Surge with a CAGR of 11.2% by 2028	\|
	Вівторок, 17 вересня 2024 р.

Автор: Sonu Bhatt

This comprehensive Indoor Farming Market report by “MarkNtel Advisors: Leading Market research Company” offers valuable insights into the current and future market landscape, providing clarity on potential challenges and strategies for optimal brand positioning. It features detailed market segmentation, in-depth analysis of key market players, emerging trends in consumer behavior and supply chain dynamics, and opportunities in new geographical markets. With the insights from this report, you can manage your marketing strategies for goods and services more effectively.

“According to recent market analysis report, the Global Indoor Farming Market size is expected to grow at a CAGR of 11.2% during the forecast period of 2023 to 2028.”

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Driving Force Behind the Growth of the Indoor Farming Market through 2028

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.

Market Segment Highlights:

By Type

Hydroponics Farming
Aeroponics Farming
Aquaponics Farming
Vertical Farming

By Facility

Greenhouses
Container Farms
Indoor Vertical Farms
Indoor Deep Water Culture

Among all, The Indoor Vertical Farm segment of the market recorded a sizeable revenue share in the historical period. This growth can be attributed to several factors, including the increasing global population and the shortage of fertile land to grow food. As urbanization continues to spread rapidly and industrialization increases, more and more agricultural land is becoming infertile due to various toxic substances in the environment.

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)

Indoor Farming Market Regional Outlook:

North America
South America
Europe
The Middle East & Africa
Asia-Pacific.

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Indoor Farming Market Competition Analysis:

Some of the top Indoor Farming companies operating in the 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.

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