Asia Pacific indoor farming market will grow by 14.2% annually with a total addressable market cap of $125,240.3 million over 2023-2032, driven by the increasing food requirements due to the growing population, decreasing arable land, growing adoption of controlled growing environment, high investments by the public and private players, and the rising health consciousness amid COVID-19 pandemic.
Highlighted with 48 tables and 70 figures, this 146-page report “Asia Pacific Indoor Farming Market 2022-2032 by Offering (Hardware, Software & Service, Integrated Systems), Growing System (Aeroponics, Hydroponics, Aquaponics, Soil-based, Hybrid), Facility Type (Greenhouses, Vertical, Container, DWC), Crop Type (Fruits and Vegetables, Herbs and Microgreens, Flowers and Ornamentals, Others), and Country: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire Asia Pacific indoor farming market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2020-2022 and provides forecast from 2023 till 2032 with 2022 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
In-depth qualitative analyses include identification and investigation of the following aspects:
• Market Structure
• Growth Drivers
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter’s Fiver Forces
The trend and outlook of Asia Pacific market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19 and Russia-Ukraine conflict. The balanced (most likely) projection is used to quantify Asia Pacific indoor farming market in every aspect of the classification from perspectives of Offering, Growing System, Facility Type, Crop Type, and Country.
Based on Offering, the Asia Pacific market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.
• Hardware
o Climate Control Systems
o Irrigation Systems
o Lighting
o Sensors
o Communication
o Other Hardware
• Software & Service
o Web-based
o Cloud-based
• Integrated Systems
Based on Growing System, the Asia Pacific market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.
• Aeroponics
• Hydroponics
• Aquaponics
• Soil-based
• Hybrid
By Facility Type, the Asia Pacific market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.
• Glass or Poly Greenhouses
• Indoor Vertical Farms
• Container Farms
• Indoor Deep Water Culture (DWC) Systems
• Other Facility Types
By Crop Type, the Asia Pacific market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.
• Fruits and Vegetables
o Leafy Vegetables
o Tomato
o Strawberry
o Cucumber
o Other Fruits and Vegetables
• Herbs and Microgreens
o Basil
o Herbs
o Tarragon
o Wheatgrass
o Other Herbs and Microgreens
• Flowers and Ornamentals
o Perennials
o Annuals
o Ornamentals
o Other Flowers and Ornamentals
• Other Crop Types
Geographically, the following national/local markets are fully investigated:
• Japan
• China
• South Korea
• Australia
• India
• Rest of APAC (further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines)
For each key country, detailed analysis and data for annual revenue ($ mn) are available for 2022-2032. The breakdown of national markets by Growing System, Facility Type and Crop Type over the forecast years are also included.
The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.
Selected Key Players:
AeroFarms
American Hydroponics (AmHydro)
Argus Control System Limited
Certhon
Everlight Electronics Co., Ltd.
Freight Farms, Inc.
General Hydroponics Inc. (Hawthorne Gardening Company)
Hydrodynamics International
Illumitex
Logiqs B.V.
LumiGrow Inc.
Netafim Limited
OSRM GmbH
Priva Holdings B.V.
Richel Group
Signify N.V.
Vertical Farm System Pty Ltd.
(Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
1 Introduction 8
1.1 Industry Definition and Research Scope 8
1.1.1 Industry Definition 8
1.1.2 Research Scope 9
1.2 Research Methodology 12
1.2.1 Overview of Market Research Methodology 12
1.2.2 Market Assumption 13
1.2.3 Secondary Data 13
1.2.4 Primary Data 13
1.2.5 Data Filtration and Model Design 14
1.2.6 Market Size/Share Estimation 15
1.2.7 Research Limitations 16
1.3 Executive Summary 17
2 Market Overview and Dynamics 20
2.1 Market Size and Forecast 20
2.1.1 Impact of COVID-19 on World Economy 21
2.1.2 Impact of COVID-19 on the Market 24
2.2 Major Growth Drivers 26
2.3 Market Restraints and Challenges 35
2.4 Emerging Opportunities and Market Trends 38
2.5 Porter’s Fiver Forces Analysis 42
3 Segmentation of Asia Pacific Market by Offering 46
3.1 Market Overview by Offering 46
3.2 Hardware 48
3.2.1 Climate Control Systems 50
3.2.2 Irrigation Systems 52
3.2.3 Lighting 54
3.2.4 Sensors 56
3.2.5 Communication 58
3.2.6 Other Hardware 59
3.3 Software & Service 60
3.3.1 Web-based 62
3.3.2 Cloud-based 63
3.4 Integrated Systems 64
4 Segmentation of Asia Pacific Market by Growing System 66
4.1 Market Overview by Growing System 66
4.2 Aeroponics 68
4.3 Hydroponics 69
4.4 Aquaponics 70
4.5 Soil-based 71
4.6 Hybrid 72
5 Segmentation of Asia Pacific Market by Facility Type 73
5.1 Market Overview by Facility Type 73
5.2 Glass or Poly Greenhouses 75
5.3 Indoor Vertical Farms 77
5.4 Container Farms 79
5.5 Indoor Deep Water Culture (DWC) Systems 81
5.6 Other Facility Types 82
6 Segmentation of Asia Pacific Market by Crop Type 83
6.1 Market Overview by Crop Type 83
6.2 Fruits and Vegetables 85
6.2.1 Leafy Vegetables 87
6.2.2 Tomato 88
6.2.3 Strawberry 89
6.2.4 Cucumber 90
6.2.5 Other Fruits and Vegetables 91
6.3 Herbs and Microgreens 92
6.3.1 Basil 94
6.3.2 Herbs 95
6.3.3 Tarragon 96
6.3.4 Wheatgrass 97
6.3.5 Other Herbs and Microgreens 98
6.4 Flowers and Ornamentals 99
6.4.1 Perennials 101
6.4.2 Annuals 102
6.4.3 Ornamentals 103
6.4.4 Other Flowers and Ornamentals 104
6.5 Other Crop Types 105
7 Asia-Pacific Market 2022-2032 by Country 106
7.1 Overview of Asia-Pacific Market 106
7.2 Japan 109
7.3 China 112
7.4 Australia 114
7.5 India 116
7.6 South Korea 118
7.7 Rest of APAC Region 120
8 Competitive Landscape 122
8.1 Overview of Key Vendors 122
8.2 New Product Launch, Partnership, Investment, and M&A 125
8.3 Company Profiles 127
AeroFarms 127
American Hydroponics (AmHydro) 129
Argus Control System Limited 130
Certhon 131
Everlight Electronics Co., Ltd. 132
Freight Farms, Inc. 133
General Hydroponics Inc. (Hawthorne Gardening Company) 134
Hydrodynamics International 135
Illumitex 136
Logiqs B.V. 137
LumiGrow Inc. 138
Netafim Limited 139
OSRM GmbH 140
Priva Holdings B.V. 141
Richel Group 142
Signify N.V. 143
Vertical Farm System Pty Ltd. 144
RELATED REPORTS 145
List of Tables:
Table 1. Snapshot of Asia Pacific Indoor Farming Market in Balanced Perspective, 2022-2032 18
Table 2. World Economic Outlook, 2021-2031 22
Table 3. World Economic Outlook, 2021-2023 23
Table 4. World Population Projections to 2035 32
Table 5. Worldwide Sales of Organic Food, 2022-2032, $ bn 34
Table 6. Main Product Trends and Market Opportunities in Asia Pacific Indoor Farming Market 38
Table 7. Asia Pacific Indoor Farming Market by Offering, 2022-2032, $ mn 46
Table 8. Asia Pacific Indoor Farming Market: Hardware by Type, 2022-2032, $ mn 49
Table 9. Key Vendors and Main Products of Climate Control System Market 51
Table 10. Key Vendors and Main Products of Irrigation System Market 53
Table 11. Key Vendors and Main Products of Grow Lights Market 55
Table 12. Key Vendors and Main Products of Sensors Market 57
Table 13. Asia Pacific Indoor Farming Market: Software & Service by Type, 2022-2032, $ mn 60
Table 14. Key Vendors and Main Products of Software & Services Market 61
Table 15. Key Vendors and Main Products of Integrated System Market 65
Table 16. Asia Pacific Indoor Farming Market by Growing System, 2022-2032, $ mn 66
Table 17. Asia Pacific Indoor Farming Market by Facility Type, 2022-2032, $ mn 73
Table 18. Key Vendors and Main Products of Greenhouse Market 76
Table 19. Key Vendors and Main Products of Vertical Farming Market 78
Table 20. Key Vendors and Main Products of Container Farm Market 80
Table 21. Asia Pacific Indoor Farming Market by Crop Type, 2022-2032, $ mn 83
Table 22. Asia Pacific Indoor Farming Market: Fruits and Vegetables by Type, 2022-2032, $ mn 86
Table 23. Asia Pacific Indoor Farming Market: Herbs and Microgreens by Type, 2022-2032, $ mn 93
Table 24. Asia Pacific Indoor Farming Market: Flowers and Ornamentals by Type, 2022-2032, $ mn 100
Table 25. APAC Indoor Farming Market by Country, 2022-2032, $ mn 107
Table 26. Japan Indoor Farming Market by Growing System, 2022-2032, $ mn 111
Table 27. Japan Indoor Farming Market by Facility Type, 2022-2032, $ mn 111
Table 28. Japan Indoor Farming Market by Crop Type, 2022-2032, $ mn 111
Table 29. China Indoor Farming Market by Growing System, 2022-2032, $ mn 113
Table 30. China Indoor Farming Market by Facility Type, 2022-2032, $ mn 113
Table 31. China Indoor Farming Market by Crop Type, 2022-2032, $ mn 113
Table 32. Australia Indoor Farming Market by Growing System, 2022-2032, $ mn 115
Table 33. Australia Indoor Farming Market by Facility Type, 2022-2032, $ mn 115
Table 34. Australia Indoor Farming Market by Crop Type, 2022-2032, $ mn 115
Table 35. India Indoor Farming Market by Growing System, 2022-2032, $ mn 117
Table 36. India Indoor Farming Market by Facility Type, 2022-2032, $ mn 117
Table 37. India Indoor Farming Market by Crop Type, 2022-2032, $ mn 117
Table 38. South Korea Indoor Farming Market by Growing System, 2022-2032, $ mn 119
Table 39. South Korea Indoor Farming Market by Facility Type, 2022-2032, $ mn 119
Table 40. South Korea Indoor Farming Market by Crop Type, 2022-2032, $ mn 119
Table 41. Indoor Farming Market in Rest of APAC by Country/Region, 2022-2032, $ mn 121
Table 42. Recent Developments 126
Table 43. AeroFarms: Company Snapshot 127
Table 44. AeroFarms: Business Segmentation 128
Table 45. AeroFarms: Product Portfolio 128
