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Global Indoor Farming Market Research Report: Forecast (2023-2028)

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), By Company (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) Read more

Environment
Apr 2023
Pages 183
Report Format: PDF, Excel, PPT

Market Definition

Indoor farming technology produces a synthetic environment inside a closed facility, hastening plant development and nutrient uptake. It demands multilayer indoor plant growth, LED lighting, and controlled growing and nutrient systems. Indoor farming increases crop yield and reduces the farming impact on the environment by reducing the distance traveled in the supply chain. It takes less area than conventional farming techniques to cultivate plants using growing shelves installed vertically.

Market Insights & Analysis: Global Indoor Farming Market (2023-28)

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.

For example, there are over 334 million acres of arable land in China, of which about 37 million acres cannot be farmed. Given this, farmers are being forced to find new ways to produce fresh food. High-yielding plant types, fertilizer and pesticide control paired with mechanization, proper irrigation management, and the adoption of cutting-edge farming practices like indoor farming are a few ways to counter these issues.

Report Coverage	Details
Study Period	Historical Data: 2018-21
	Base Year: 2022
	Forecast Period: 2023-28
CAGR (2023-2028)	11.2%
Regions Covered	North America: US, Canada, Mexico
	Europe: Germany, The UK, France, Spain, Italy, Rest of Europe
	Asia-Pacific: China, India, Japan, South Korea, Australia, Rest of Asia-Pacific
	South America: Brazil, Argentina, Rest of South America
	Middle East & Africa: UAE, Saudi Arabia, South Africa, Rest of MEA
Key Companies Profiled	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
Unit Denominations	USD Million/Billion

In fact, Indoor farming could be an adequate method to deal with the prevailing loss in agricultural availability per person. As such, farmers are switching to such farming practices along with high-yielding crops in order to overcome the issue of limited cropland without compromising output quantities. Moreover, using vertical farming, one of its prominent types, they are able to produce crops indoors in layers piled on racks, in a multi-story building, or a warehouse.

Thus, enhancing the yield and productivity of existing cultivated land is the most effective alternative, and by 2030, the trend is likely to become more prominent. Further, by employing hydroponics and artificial lighting to provide plants with the nutrients and light, they would otherwise receive only when grown outdoors, such techniques may be advantageous in raising productivity even in limited arable land areas. As a result, the demand for equipment related to indoor farming is expected to surge during the forecast period.

Global Indoor Farming Market Research Report (2023-2028) - Table of Contents

Market Segmentation
Introduction
1. Product Definition
2. Research Process
3. Assumptions
Executive Summary
Global Indoor Farming Market Trends & Insights
Global Indoor Farming Market Dynamics
1. Growth Drivers
2. Challenges
Global Indoor Farming Market Hotspot & Opportunities
Global Indoor Farming Market Policies & Regulations
Global Indoor Farming Market Outlook, 2018-2028F
1. Market Size & Analysis
  1. By Revenue (USD Million)
2. Market Share & Analysis
  1. By Type
    1. Hydroponics Farming
    2. Aeroponics Farming
    3. Aquaponics Farming
    4. Vertical Farming
  2. By Facility
    1. Greenhouses
    2. Container Farms
    3. Indoor Vertical Farms
    4. Indoor Deep Water Culture
  3. By Component
    1. Hardware
      1. Climate Control Systems
      2. Lighting Systems
      3. Sensors
      4. Irrigation Systems
    2. Software
      1. Web-Based
      2. Cloud-Based
  4. By Crop
    1. Fruits and Vegetables
      1. Tomato
      2. Lettuce
      3. Bell & Chili Peppers
      4. Strawberry
      5. Cucumber
      6. Others (Leafy Greens, Kale)
    2. Herbs and Microgreen
      1. Herbs
      2. Tarragon
      3. Wheatgrass
      4. Others (Basil, Bay)
    3. Flowers and Ornamentals
      1. Annuals
      2. Perennials
      3. Ornamentals
      4. Others (Orchids, Succulents)
  5. By Region
    1. North America
    2. South America
    3. Europe
    4. The Middle East & Africa
    5. Asia-Pacific
  6. By Competitors
    1. Competition Characteristics
    2. Market Share & Analysis
North America Indoor Farming Market Outlook, 2018-2028F
1. Market Size & Analysis
  1. By Revenue (USD Million)
2. Market Share & Analysis
  1. By Type
  2. By Crop
  3. By Country
    1. The US
    2. Canada
    3. Mexico
3. The US Indoor Farming Market Outlook, 2018-2028F
  1. Market Size & Analysis
    1. By Revenue (USD Million)
  2. Market Share & Analysis
    1. By Type
    2. By Crop
4. Canada Indoor Farming Market Outlook, 2018-2028F
  1. Market Size & Analysis
    1. By Revenue (USD Million)
  2. Market Share & Analysis
    1. By Type
    2. By Crop
5. Mexico Indoor Farming Market Outlook, 2018-2028F
  1. Market Size & Analysis
    1. By Revenue (USD Million)
  2. Market Share & Analysis
    1. By Type
    2. By Crop
South America Indoor Farming Market Outlook, 2018-2028F
1. Market Size & Analysis
  1. By Revenue (USD Million)
2. Market Share & Analysis
  1. By Type
  2. By Crop
  3. By Country
    1. Brazil
    2. Argentina
    3. Rest of South America
3. Brazil Indoor Farming Market Outlook, 2018-2028F
  1. Market Size & Analysis
    1. By Revenue (USD Million)
  2. Market Share & Analysis
    1. By Type
    2. By Crop
4. Argentina Indoor Farming Market Outlook, 2018-2028F
  1. Market Size & Analysis
    1. By Revenue (USD Million)
  2. Market Share & Analysis
    1. By Type
    2. By Crop
Europe Indoor Farming Market Outlook, 2018-2028F
1. Market Size & Analysis
  1. By Revenue (USD Million)
2. Market Share & Analysis
  1. By Type
  2. By Crop
  3. By Country
    1. The UK
    2. Germany
    3. France
    4. Italy
    5. Spain
    6. Rest of Europe
3. The UK Indoor Farming Market Outlook, 2018-2028F
  1. Market Size & Analysis
    1. By Revenue (USD Million)
  2. Market Share & Analysis
    1. By Type
    2. By Crop
4. Germany Indoor Farming Market Outlook, 2018-2028F
  1. Market Size & Analysis
    1. By Revenue (USD Million)
  2. Market Share & Analysis
    1. By Type
    2. By Crop
5. France Indoor Farming Market Outlook, 2018-2028F
  1. Market Size & Analysis
    1. By Revenue (USD Million)
  2. Market Share & Analysis
    1. By Type
    2. By Crop
6. Italy Indoor Farming Market Outlook, 2018-2028F
  1. Market Size & Analysis
    1. By Revenue (USD Million)
  2. Market Share & Analysis
    1. By Type
    2. By Crop
7. Spain Indoor Farming Market Outlook, 2018-2028F
  1. Market Size & Analysis
    1. By Revenue (USD Million)
  2. Market Share & Analysis
    1. By Type
    2. By Crop
The Middle East & Africa Indoor Farming Market Outlook, 2018-2028F
1. Market Size & Analysis
  1. By Revenue (USD Million)
2. Market Share & Analysis
  1. By Type
  2. By Crop
  3. By Country
    1. The UAE
    2. Saudi Arabia
    3. South Africa
    4. Rest of Middle East & Africa
3. The UAE Indoor Farming Market Outlook, 2018-2028F
  1. Market Size & Analysis
    1. By Revenue (USD Million)
  2. Market Share & Analysis
    1. By Type
    2. By Crop
4. Saudi Arabia Indoor Farming Market Outlook, 2018-2028F
  1. Market Size & Analysis
    1. By Revenue (USD Million)
  2. Market Share & Analysis
    1. By Type
    2. By Crop
5. South Africa Indoor Farming Market Outlook, 2018-2028F
  1. Market Size & Analysis
    1. By Revenue (USD Million)
  2. Market Share & Analysis
    1. By Type
    2. By Crop
Asia-Pacific Indoor Farming Market Outlook, 2018-2028F
1. Market Size & Analysis
  1. By Revenue (USD Million)
2. Market Share & Analysis
  1. By Type
  2. By Crop
  3. By Country
    1. China
    2. Japan
    3. South Korea
    4. India
    5. Australia
    6. Rest of Asia Pacific
3. China Indoor Farming Market Outlook, 2018-2028F
  1. Market Size & Analysis
    1. By Revenue (USD Million)
  2. Market Share & Analysis
    1. By Type
    2. By Crop
4. Japan Indoor Farming Market Outlook, 2018-2028F
  1. Market Size & Analysis
    1. By Revenue (USD Million)
  2. Market Share & Analysis
    1. By Type
    2. By Crop
5. South Korea Indoor Farming Market Outlook, 2018-2028F
  1. Market Size & Analysis
    1. By Revenue (USD Million)
  2. Market Share & Analysis
    1. By Type
    2. By Crop
6. India Indoor Farming Market Outlook, 2018-2028F
  1. Market Size & Analysis
    1. By Revenue (USD Million)
  2. Market Share & Analysis
    1. By Type
    2. By Crop
7. Australia Indoor Farming Market Outlook, 2018-2028F
  1. Market Size & Analysis
    1. By Revenue (USD Million)
  2. Market Share & Analysis
    1. By Type
    2. By Crop
Global Indoor Farming Market Key Strategic Imperatives for Success & Growth
Competition Outlook
1. Competition Matrix
  1. Target Markets
  2. Research & Development
  3. Collaborations & Strategic Alliances
  4. Key Business Expansion Initiatives
  5. Business Restructuring- Mergers, Acquisitions, JVs
  6. Strategic Initiatives
2. Company Profiles (Business Description, Product Segments, Business Segments, Financials, Strategic Alliances/ Partnerships, Future Plans)
  1. Aessense Corporation
  2. Argus Control Systems Limited
  3. Bowery Farming Inc
  4. BrightFarms
  5. Certhon
  6. Crop One Holdings, Inc.
  7. General Hydroponics
  8. Green Sense Farms Holdings, Inc.
  9. Metropolis Farms Inc
  10. Netafim
  11. Priva
  12. Richel Group
  13. Signify Holdings
  14. Village Farms International Inc
  15. Windset Farms
  16. Others
Disclaimer

MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:

1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.

2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.

3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.

4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making

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