The Global Indoor Farming Market is Estimated to reach $88.2 Billion by 2028, at a CAGR of 12.7%

Published Date: 31-May-2022

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Indoor Farming Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Indoor Farming Market size is expected to reach $88.2 billion by 2028, rising at a market growth of 12.7% CAGR during the forecast period.

Software segment is showcasing a CAGR of 15.2% during (2022 - 2028). The rising utilization of software is due to the increasing technological advancements in software applications. With the integration of several advanced technologies in indoor farming software, users all over the world are being enabled to store and manage all the information about their farms on their computer systems. This factor is increasing the deployment of indoor farming software solutions and hence, augmenting the growth of this segment.

The Greenhouses segment acquired maximum revenue in the Global Indoor Farming Market by Facility Type in 2021, thereby, achieving a market value of $45.0 billion by 2028. A greenhouse, sometimes known as a hothouse, is a glass-enclosed structure that is used to produce plants, vegetables, and flowers. Climate conditions are managed in greenhouses to improve the quality as well as quantity of products. Greenhouses can also produce larger yields than typical farming methods, due to which, this technology is being widely adopted all over the world.

The Tomato segment is leading the Global Indoor Farming Market by Crop Type in 2021, thereby, achieving a market value of $21.9 billion by 2028.The increasing growth of the segment is owing to a rise in the demand for various products that are made up of tomatoes. For example, various market players in packaged food industries are providing tomato ketchups along with their foods. Moreover, tomatoes are a daily-use product across the world. This factor is also expediting the demand for tomatoes.

The Europe fastest growing region in the Global Indoor Farming Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $29.6 billion by 2028. The Asia Pacific market is estimated to witness a CAGR of 13.3% during (2022 - 2028). Additionally, The North America market would exhibit a CAGR of 12.3% during (2022 - 2028).

Full Report: https://www.kbvresearch.com/indoor-farming-market/

The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Orbia Advance Corporation, Certhon, General Hydroponics, Hydrodynamics International, Argus Control Systems Limited, Priva BV, LumiGrow, Inc., Richel Group, and Vertical Farm Systems Pty Ltd.

Global Indoor Farming Market Segmentation

By Component

  • Hardware
    • Lighting systems
    • Irrigation systems
    • Sensors
    • Climate control systems
  • Software
    • Web-Based
    • Cloud-Based

By Facility Type

  • Greenhouses
  • Vertical Farms
  • Others

By Crop Type

  • Tomato
  • Lettuce
  • Bell & Chili Peppers
  • Strawberry
  • Leafy Greens
  • Herbs
  • Cucumber
  • Flowers & Ornamentals
  • Others

By Geography

  • North America
    • US
    • Canada
    • Mexico
    • Rest of North America
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Singapore
    • Malaysia
    • Rest of Asia Pacific
  • LAMEA
    • Brazil
    • Argentina
    • UAE
    • Saudi Arabia
    • South Africa
    • Nigeria
    • Rest of LAMEA

Companies Profiled

  • Orbia Advance Corporation
  • Certhon
  • General Hydroponics
  • Hydrodynamics International
  • Argus Control Systems Limited
  • Priva BV
  • LumiGrow, Inc.
  • Richel Group
  • Vertical Farm Systems Pty Ltd

Unique Offerings from KBV Research

  • Exhaustive coverage
  • The highest number of market tables and figures
  • Subscription-based model available
  • Guaranteed best price
  • Assured post sales research support with 10% customization free

Related Reports:

North America Indoor Farming Market Future Scope & Opportunities 2022-2028

Europe Indoor Farming Market Size & Growth Forecast 2022-2028

Asia Pacific Indoor Farming Market Size, Share & Industry Outlook to 2028

LAMEA Indoor Farming Market Growth, Trends & Forecasts 2022-2028

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