Market Insights

As per recent research 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.

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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.

Market Segmentation and Consumer Behavior:

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)

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Indoor Farming Market Geographical Analysis:

By Region:

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

Key Players and Competitive Strategies in the Indoor Farming Market

Several prominent players dominate the Indoor Farming Market, including:

• 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

1.What factors are driving the Indoor Farming Market growth?

2.How is the Indoor Farming Market expected to grow over the next five years?

3.What are the key insights into the current trends in the Indoor Farming Market?

4.What is the current size of the Indoor Farming Market, and how is it projected to change in the future?

5.What is the future outlook for the Indoor Farming Market in terms of technological advancements and market expansion?

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