Global Indoor Farming Market (2022 to 2027) - Industry Trends, Share, Size, Growth, Opportunity and Forecasts - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Indoor Farming Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.

The global indoor farming market reached a value of US$ 15.7 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 31.1 Billion by 2027, exhibiting a CAGR of 11.8% during 2022-2027.

Companies Mentioned

• AeroFarms
• Agricool
• Agrilution Systems GmbH
• AutoGrow Systems Ltd.
• Bowery Farming
• Bright Farms Inc. (Cox Enterprises, Inc.).
• Freight Farms
• FreshBox Farms
• Garden Fresh Farms
• Green Sense Farms Holdings, Inc.
• Logiqs B.V.
• Plenty Unlimited, Inc.
• SananBio
• Sky Greens
• SPREAD Co., Ltd.
• Urban Crop Solutions
• Voeks Inc.

Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Indoor farming is a part of modern agriculture for growing crops in a protected environment. The market for Indoor farming is increasing globally catalyzed by the rising world population and a consequent demand for building secure and consistent food supplies. Conventional agriculture is locationally tied to areas with sufficient land and water. As the amount of vacant arable land and water to support conventional agriculture is dwindling, the demand of indoor farming is increasing as it is decoupled from such needs and can be located closer to end consumption.

The scarcity of land for farming across the world is one of the primary factors catalyzing indoor farming growth. As the global population continues to develop and urbanize, farmers are opening indoor facilities closer to these urban areas creating a local, stable, and sustainable year-round food supply. In addition to this, the increasing instances of droughts, floods, and other natural disasters across the globe have raised concerns over food security.

This, in turn, has prompted the growth of indoor agriculture in such countries. Moreover, high-tech, fully controlled, and semi-automated greenhouse facilities in rural areas and its environmentally friendly farming practices have also driven the market demand for indoor farming.

Furthermore, the growth in technological advancements in farming sensors, monitoring, and regulating devices for each aspect of cultivation has further propelled the growth of this market. Additionally, this technique enables food production in a sustainable surrounding without chemical pesticides, hence increasing the production for organic yields, which is currently in strong demand from the consumer end.

Key Questions Answered in this Report

1. What has been the historical growth rate of the global indoor farming market during 2016-2021?

2. What are the key factors driving the global indoor farming market?

3. What has been the impact of COVID-19 on the global indoor farming market?

4. What is the breakup of the global indoor farming market based on the facility type?

5. What is the breakup of the global indoor farming market based on the crop type?

6. What is the breakup of the global indoor farming market based on the component?

7. What are the key regions in the global indoor farming market?

8. Who are the key players/companies in the global indoor farming market?

Key Topics Covered:

1 Preface

2 Scope and Methodology

3 Executive Summary

4 Introduction

4.1 Overview

4.2 Key Industry Trends

5 Global Indoor farming Market

5.1 Market Overview

5.2 Market Performance

5.3 Impact of COVID-19

5.4 Market Forecast

6 Market Breakup by Facility Type

7 Market Breakup by Crop Type

8 Market Breakup by Component

9 Market Breakup by Growing System

10 Market Breakup by Region

11 SWOT Analysis

12 Value Chain Analysis

13 Porters Five Forces Analysis

14 Competitive Landscape

14.1 Market Structure

14.2 Key Players

14.3 Profiles of Key Players

For more information about this report visit https://www.researchandmarkets.com/r/617p3m