The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

As per The Business Research Company’s Indoor Farming Technology Global Market Report 2024, the indoor farming technology market is expected to show significant growth in the forecast period.

The indoor farming technology market has witnessed robust growth in recent years, driven by various factors such as sustainable agriculture, urbanization, and the increasing demand for locally sourced food. With a projected increase from $33.19 billion in 2023 to $37.51 billion in 2024, boasting a compound annual growth rate (CAGR) of 13.0%, the market is experiencing significant expansion. Looking ahead, forecasts indicate rapid growth, with expectations to reach $60.07 billion by 2028, at a CAGR of 12.5%. Let’s explore the driving forces and transformative trends shaping this dynamic market.

Vertical Farming’s Surging Popularity in Europe Sparks Growth

• Adoption of vertical farming contributes to market growth
• Advantages include optimized crop growth and reduced water usage
• Example: Jones Food Company in the U.K. produces 400 tons of vegetables per year
• Europe witnessing significant rise in vertical farming, driving market expansion

View More On The Indoor Farming Technology Market Report 2024 – https://www.thebusinessresearchcompany.com/report/indoor-farming-technology-global-market-report

Strategic Partnerships Drive Innovation in Indoor Farming Technology

• Partnerships shaping the indoor farming technology landscape
• Example: Seasony partners with iFarm LLC for automation and monitoring
• Integration of Watney mobile robot platform revolutionizes indoor farming operations
• AeroFarms partners with Hortifrut SA for blueberry and cranberry production research

Market Segmentation and Trends

The indoor farming technology market is segmented across various dimensions:

1. By Crop Type: Fruits And Vegetables, Flowers And Ornamentals, Herbs And Microgreens
2. By Component: Hardware, Software And Services, Integrated Systems
3. By Facility Type: Glass or Poly Greenhouses, Indoor Vertical Farms, Container Farms, Indoor Deep Water Culture Systems
4. By Growing System: Aeroponics, Aquaponics, Hybrid

Regional Dynamics

• North America emerges as the largest region in the indoor farming technology market
• Asia-Pacific poised to be the fastest-growing region in the forecast period

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The Indoor Farming Technology Global Market Report 2024  provides an in-depth analysis on the indoor farming technology market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the indoor farming technology market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

View More Related Reports –
Hydroponics Global Market Report 2024
Agricultural Films Global Market Report 2024
Microgreens Global Market Report 2024
 

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