Indoor Farming Market Research Report
The GMI Research forecasts that the indoor farming
market is witnessing an upsurge in demand over the forecast period. This is
mainly due to the growing number of government initiatives to provide subsidies
and increases programs for the adoption of indoor farming to decrease water
usage and improve the efficiency in production.
Introduction of the Indoor Farming Market:
The contemporary method of farming which includes growing of
crops in an indoor space with a maintained and sustainable environment is known
as indoor farming. It improves the quantity of crop yield by using stacked
layers of potted seeds and uses artificial lighting and technology for deriving
the required levels of light and nutrients. Indoor farming is mainly about the
city or urban farming due to its effectiveness in growing farming in restricted
space.
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Indoor Farming Market Dynamics (including market size,
share, trends, forecast, growth, forecast, and industry analysis)
The growing adoption of indoor farming across various
countries, driven by its numerous advantages over the traditional methods of
farming, including enhancing efficiency and offers the capability to allow
farming in restricted areas, are some of the other factors surging the growth
of indoor farming market size during the forecast period. Furthermore,
various technological advancements and R&D activities in indoor farming
include the application of IoT, which increases food production, will further
promote the farmers to opt for this farming method. According to indoor
farming market analysis, the rising production growth rate and growing
urbanization are boosting the demand for the food, thus fuelling the demand for
the market. It reduces the effects of serious climatic changes on the yields
and offers sufficient water to the crops.
The growing government initiatives to provide subsidies and support
programs for the adoption of indoor farming to decrease water usage and improve
the efficiency in production is one of the factors propelling the growth of the
global indoor farming market. For example, USDA and the Department of Energy
organized a stakeholder workshop focusing on increasing vertical agriculture
adoption and identifying the requirements, problems, and opportunities for
vertical farming. On the other hand, the high need for initial investments and
limited skilled personnel will hinder the growth of the global indoor farming
market.
The recent outbreak of the COVID-19 pandemic has positively
impacted the growth of the global indoor farming market, particularly in 2020.
The major factor promoting the farmers to opt for indoor farming practices
includes the growing focus of farmers declining to go to field areas owing to
the unavailability of facemasks to maintain social distancing. The farmers are
widely adopting vertical indoor farming to handle problems that include close
to the area of consumption, organic crop, less use of natural resources, and
reduced contact of the crop with the external environment.
Key Players of the Global Indoor Farming Market:
·
Everlight Electronics Co., Ltd.
·
Signify Holding
·
Netafim
·
Argus Control Systems Limited
·
Logiqs B.V.
·
LumiGrow
·
Vertical Farm Systems
·
Illumitex
·
General Hydroponics
·
Hydrodynamics International
Indoor Farming Market Segmentation:
Segmentation
by Growing System:
·
Hydroponics
·
Aeroponics
·
Soil-Based
·
Aquaponics
·
Hybrid
Segmentation
by Facility Type:
·
Indoor Vertical Farms
·
Glass or Poly Greenhouses
·
Indoor Deep Water Culture (DWC) Systems
·
Container Farms
Segmentation
by Component:
·
Hardware
o
Lighting
Systems
o
Climate
Control Systems
o
Sensors
o
Communication Systems
o
Irrigation Systems
o
System
Controls
o
Others
·
Software & Services
Segmentation
by Crop Type:
·
Herbs & Microgreens
o
Herbs
o
Basil
o
Wheatgrass
o
Tarragon
·
Fruits & Vegetables
o
Tomato
o
Leafy
Greens
§
Kale
§
Lettuce
§
Spinach
§
Others
o
Eggplant
o
Strawberry
o
Others
·
Flowers & Ornamentals
o
Annuals
o
Perennials
o
Ornamentals
·
Others
Segmentation
by Region:
·
North America
o
United States of America
o
Canada
·
Asia Pacific
o
China
o
Japan
o
India
o
Rest of APAC
·
Europe
o
United Kingdom
o
Germany
o
France
o
Spain
o
Rest of Europe
·
RoW
o
Brazil
o
South Africa
o
Saudi Arabia
o
UAE
o
Rest of the world (remaining countries of the
LAMEA region)
About GMI
Research
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that offers business sights and market research reports for every enterprise,
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