According to the latest market research report title “Indoor Farming Market 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, Software), By Crop (Fruits and Vegetables, Herbs and Microgreen, Flowers and Ornamentals), By Region (North America, South America, Europe, The Middle East & Africa, Asia-Pacific)–Forecast to 2028″, published by MarkNtel Advisors, 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 data present in the report exhibit from the historic years (2018-21) and the base year (2022) to put together estimations for the forecast period (2023-28). In the study, our researchers put together reliable, unbiased, and accurate data to enlighten investors about fluctuations in the industry & anticipations on what to expect in the future. Since the industry is dynamic and highly fragmented, this report enables the prominent players to make strategic moves associated with their investments in the coming years.
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Global Indoor Farming Market Key Drivers:
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 highly robust and fragmented into numerous segments;
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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Key Players Operating in the Indoor Farming Market: –
-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
Key Questions Answered:
- What is the projected CAGR of the Indoor Farming Market during the forecast period?
- Which segment is expected to lead the Indoor Farming Market?
- Who are the prominent players driving market growth?
Key Offerings:
- Market Share, Size, and Revenue Forecast
- Market Dynamics: Growth drivers, restraints, investment opportunities, and key trends
- Landscape: Leading key players and other prominent participants
About MarkNtel Advisors
MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
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 15 diverse industrial verticals.
Using such information, our clients can identify attractive investment opportunities & strategize their moves to yield higher ROI (Return of Interest) through an early mover advantage with top-management approaches.
We understand the mounting & diverse needs of our clients. Hence, our analysts focus on emerging industries to provide services that fulfilled their assessment of the current & future industry potential, identify white spaces & hotspots, & venture into new geographies or business segments in the future.
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