Revolutionizing Agriculture: The Surging Growth of Indoor Farming, Projected to Reach US$ 96,675 Million by 2032

The Indoor farming, also known as vertical farming or controlled environment agriculture, is revolutionizing the way we grow crops. This innovative method involves cultivating plants in controlled environments, such as warehouses, greenhouses, or specially designed indoor facilities. By leveraging advanced technologies like hydroponics, aeroponics, and LED lighting, indoor farming allows for optimal growth conditions, independent of external factors like weather or soil quality.

The global indoor farming market are anticipated to grow by 9.6% CAGR to US$ 96,675 Mn in 2032. To address the rising demand for organic food, the agriculture sector is implementing innovative practises.

Growing in popularity, vertical farming will become a significant farming technique in the years to come. Vertical farms are employing artificial light management, humidity control, and gas control inside the facility thanks to the development of new technology. Vertical farming increases automation while reducing costs and pollution.

Some of the main elements influencing the development of vertical farming are the high yield associated with it compared to conventional farming, the year-round production of crops regardless of the weather, advances in light-emitting diode (LED) technology, and the need for little resources.

Accelerate Your Success: Unlock the Secrets of the Indoor Farming Market – Download the Sample Report! https://www.futuremarketinsights.com/reports/sample/rep-gb-14291

“Indoor farming is growing as a result of rising urbanisation, rising food quality demands, and autonomous agricultural methods. A key analyst at FMI adds that the loss of groundwater and shifting climatic circumstances are also pushing traditional producers to use alternative farming techniques.
Key Takeaways:

Sales in the greenhouse facility market are anticipated to grow at a 4.8% CAGR through 2032, depending on the capacity type.

  • Over the course of the projection period, the hydroponics market will grow at a 6.1% CAGR.

Sales in the hardware category will increase at a 7.4% CAGR through 2032, depending on the component type.

  • Over the course of the evaluation period, the category for fruits and vegetables will expand at a 6.5% CAGR.
  • Over the course of the forecast period, sales in the U.S. indoor farming market are expected to grow at a 5.5% CAGR.
  • Sales in India will expand at a 6.6% CAGR through 2032, making it an attractive market.
  • With a market share of 13.9%, Germany will command the indoor farming market in Europe.

Competition Landscape

Argus Control Systems Ltd., Certhon, AeroFarms, Bright Farms Inc., Richel Group, Bowery Inc., FreshBox Farms, Metropolis Farms Inc., General Hydroponics, Hydrodynamics International, Illumitex, Lumigrow, Vertical Farm Systems, Priva, and Netafim among others are some of the players profiled by FMI.

Leading players operating in the indoor farming are investing in promotional strategies, advertisements, and new product launches to gain a competitive edge in the market. Some recent developments include:

  • In 2021, BrightFarms opened its latest indoor farm in Hendersonville, North Carolina.

Personalized Intelligence: Request Customizations to Maximize Your Indoor Farming Market Potential! https://www.futuremarketinsights.com/customization-available/rep-gb-14291

Get More Valuable Insights

Future Market Insights, in its new offering, provides an unbiased analysis of the global indoor farming market, presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032.

The study divulges compelling insights on the indoor farming market based on the facility type (greenhouses, indoor vertical farms, container farms, indoor deep water culture systems, and other facility types), growing system (aeroponics, hydroponics, aquaponics, soil-based and hybrid), component type (hardware and software), crop type (fruits and vegetables, herbs and microgreens, flowers and ornamentals and other crop types) across seven major regions.

Global Indoor Farming Market by Category

Facility Type:

  • Greenhouses
  • Indoor Vertical Farms
  • Container Farms
  • Indoor Deep Water Culture Systems
  • Other Facility Types

Growing System:

  • Aeroponics
  • Hydroponics
  • Aquaponics
  • Soil-based
  • Hybrid

Component Type:

  • Hardware
  • Software

Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • MEA

About Future Market Insights, Inc.

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
LinkedInTwitterBlogs | YouTube
For Sales Enquiries: sales@futuremarketinsights.com

 

About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may also like these