Indoor Farming Market By Crop Type, and By Region – Global Opportunities & Forecast, 2020-2027

 

Global Indoor Farming Market

The GMI research performed a complete study to acknowledge the influence of Indoor Farming Market over the forecast period. The research report projects that the augmenting acquisition of indoor farming across various nations and the surging espousal of advanced technologies will strengthen the market growth.

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Indoor Farming Market Dynamics

The accelerating population and increasing rural to urban migration has supplemented the food demand which in turn has propelled the growth of the global indoor farming market share. The indoor farming market eradicates the impact of serious climatic changes to the productivity and offers huge amount of water to the crops. The increasing adoption of indoor farming across various nations because of the various advantages over the conventional farming methods, such as enhances effectiveness and offer the potential to allow farming in a confined space. In addition, the ongoing technological modernisations and intensified research and development activities in the indoor farming such as the execution of IoT, has elevated the food production, which will further persuade the farmers to choose for this farming method.  Simultaneously, the intensified initiatives by the government to offer allowances and encourage the adoption of indoor farming to decrease the usage of water and improve the production efficiency will bolster the Indoor Farming Market size.

The evolution of the COVID-19 crisis has negatively influenced the global indoor farming market, primarily in 2020. The rising focus of farmers rejecting to visit the field areas because of the lack of accessibility of face masks to maintain social distancing will encourage the farmers to choose for indoor farming practices. Moreover, as per the indoor farming market analysis, the farmers are increasingly espousing vertical indoor farming to manage problems such as close to the consumption area, organic crop, minimal contact with the outside world, and negligible usage of organic resources.

Regional Drivers

On the basis of growing system, the hydroponics segment is anticipated to expand at a faster rate over the coming years. This is because of the surging adoption of these systems to raise the implementation of indoor farming guided by various benefits such as effective usage of water over the conventional modes, less use of insecticides and herbicides, better growth rate, enhanced usage of nutrients, and potential to perform at places where the weather and soil conditions are not in favour.

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GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

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