Learn about the global plant factory market through The Business Research Company, which provides information on plant factory market size, plant factory market drivers and restraints, plant factory market players, the COVID-19 impact on the plant factory market, and more.

The global plant factory market size is expected to grow from 104.13 billion in 2021 to $112.19 billion in 2022 at a compound annual growth rate (CAGR) of 7.74%. The global plant factories market size is expected to grow to $145.34 billion in 2026 at a CAGR of 6.69%.

The rise in demand for food due to the increasing population and challenges of climate change significantly contributes to the growth of the plant factory market.

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The plant factory market consists of sales revenue generated from plant factories by entities (organizations, sole traders, partnerships) that refers to agricultural production systems designed to turn crop production into a new model by using bioinformatics and industrial automation. This system enables to achieve the supreme yield, harvesting density, and financial impact by controlling the plant growth environment artificially. Plant Factory uses artificial controlled light, moisture, temperature, and carbon dioxide concentrations to grow plants and vegetables.

Global Plant Factory Market Segments Include:
By Facility Type: Greenhouse, Indoor Farms, Others

By Light Type: Sunlight, Full Artificial Light

By Growing System: Non-Soil-Based, Soil-Based, Hybrid

By Crop Type: Fruits, Vegetables, Flower and Ornamental, Others

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Western Europe was the largest region in the plant factory market in 2021.

Technological advancements are the key trends gaining popularity in the plant factory market. Major companies operating in the plant factory market are focused on providing continuous innovations to strengthen their market position by implementing various innovations and technologies such as LED-grown light, AI, Machine learning, dynamic resource allocation, and edge computing to optimize plant growth and increase productivity.

TBRC’s plant factory market report covers:

Major Market Players: AeroFarms, Mirai Co. Ltd., Farminova Plant Factory, Metropolis Farms, Urban Crops, Lufa Farms, Keystone Technology Inc., Green Plus Co., Ltd., Parus Europe, and Ryoden Corporation.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)

The Plant Factory Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides plant factory market overviews, analyzes and forecasts market size, share, plant factory market players, plant factory market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s plant factory market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Here Is A List Of Similar Reports From The Business Research Company:

Greenhouse, Nursery, And Flowers Global Market Report 2022

General Crop Farming Global Market Report 2022

Organic Farming Global Market Report 2022

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