Some of the key players in this market include Indoor Farms of America, Freshbox Farms, Aerofarms, Contain Inc., Philips Lighting, Garden Fresh Farms, Metropolis Farms and Bowery Farming.
The Global Indoor Farming market accounted for $106.6 billion in 2017 and is expected to reach $171.12 billion by 2026 growing at a CAGR of 5.4 % during the forecast period.
Factors such as growing mechanisms in indoor farming and increasing focus on adopting innovative and efficient technologies are boosting the market growth. However, limitations on crop varieties and high initial investments are the restraining the market growth. Moreover, increasing need for maximizing crop yields will provide ample growth opportunities in the near future.
Indoor farming is a kind of modern farming to grow crops or plants in an indoor environment. It is worked in both small and large scale. It is climate-friendly and shields the farm from climate-related ideas which generally acts as a hindrance in conventional crop production. It is widely practiced in urban areas owing to limited space for cultivating. In recent years, development in the technology of farming sensors, monitoring and regulating devices for each aspect of cultivation has promoted indoor farming.
By growing systems, hydroponics segment is going to have a lucrative growth during the forecast period owing to the application of its growth mechanism that mitigates the majority of dangers such as limited space in urban zones and low availability of water and it provides sufficient fresh produce. By geography, Asia Pacific is likely to have a huge demand due to an increase in the number of these farms in countries such as China and Japan, and the climate changes in this region.
What our report offers:
Market share assessments for the regional and country level segments
Strategic recommendations for the new entrants
Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
4 Porters Five Force Analysis 4.1 Bargaining power of suppliers 4.2 Bargaining power of buyers 4.3 Threat of substitutes 4.4 Threat of new entrants 4.5 Competitive rivalry
5 Global Indoor Farming Market, By Crop Type 5.1 Introduction 5.2 Herbs & Microgreens 5.2.1 Tarragon 5.2.2 Herbs 5.2.3 Basil 5.2.4 Wheatgrass 5.2.5 Other Herbs & Microgreens 5.3 Flowers & Ornamentals 5.3.1 Ornamentals 5.3.2 Annuals 5.3.3 Perennials 5.3.4 Other Flowers & Ornamentals 5.4 Fruits & Vegetables 5.4.1 Eggplant 5.4.2 Strawberry 5.4.3 Tomato 5.4.4 Leafy Vegetable 126.96.36.199 Spinach 188.8.131.52 Lettuce 184.108.40.206 Kale 220.127.116.11 Other Leafy Vegetables 5.4.5 Other Fruits & Vegetables 5.5 Other Crop Types
6 Global Indoor Farming Market, By Growing Systems 6.1 Introduction 6.2 Hybrid 6.3 Aeroponics 6.4 Soil-Based 6.5 Aquaponics 6.6 Hydroponics
7 Global Indoor Farming Market, By Facility Type 7.1 Introduction 7.2 Container Farms 7.3 Indoor Deep Water Culture Systems 7.4 Glass or Poly Greenhouses 7.5 Indoor Vertical Farms 7.6 Other Facility Types
8 Global Indoor Farming Market, By Technology 8.1 Introduction 8.2 Software solutions 8.3 Hardware solutions 8.3.1 Irrigation Systems 8.3.2 Lighting Systems 8.3.3 System Controls 8.3.4 Communication Systems 8.3.5 Sensors 8.3.6 Climate Control Systems
9 Global Indoor Farming Market, By Geography 9.1 Introduction 9.2 North America 9.2.1 US 9.2.2 Canada 9.2.3 Mexico 9.3 Europe 9.3.1 Germany 9.3.2 UK 9.3.3 Italy 9.3.4 France 9.3.5 Spain 9.3.6 Rest of Europe 9.4 Asia Pacific 9.4.1 Japan 9.4.2 China 9.4.3 India 9.4.4 Australia 9.4.5 New Zealand 9.4.6 South Korea 9.4.7 Rest of Asia Pacific 9.5 South America 9.5.1 Argentina 9.5.2 Brazil 9.5.3 Chile 9.5.4 Rest of South America 9.6 Middle East & Africa 9.6.1 Saudi Arabia 9.6.2 UAE 9.6.3 Qatar 9.6.4 South Africa 9.6.5 Rest of Middle East & Africa
10 Key Developments 10.1 Agreements, Partnerships, Collaborations and Joint Ventures 10.2 Acquisitions & Mergers 10.3 New Product Launch 10.4 Expansions 10.5 Other Key Strategies
11 Company Profiling 11.1 Indoor Farms of America 11.2 Freshbox Farms 11.3 Aerofarms 11.4 Contain Inc. 11.5 Philips Lighting 11.6 Garden Fresh Farms 11.7 Metropolis Farms 11.8 Bowery Farming