Global indoor farming market will reach $72,276.7 million by 2032, growing by 11.5% annually over 2022-2032, 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 188 tables and 102 figures, this 205-page report “Global 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 Region: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire global 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 global 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 global indoor farming market in every aspect of the classification from perspectives of Offering, Growing System, Facility Type, Crop Type, and Region.
Based on Offering, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.
o Climate Control Systems
o Irrigation Systems
o Other Hardware
• Software & Service
• Integrated Systems
Based on Growing System, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.
By Facility Type, the global 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 global 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 Other Fruits and Vegetables
• Herbs and Microgreens
o Other Herbs and Microgreens
• Flowers and Ornamentals
o Other Flowers and Ornamentals
• Other Crop Types
Geographically, the following regions together with the listed national/local markets are fully investigated:
• North America (U.S., Canada, and Mexico)
• Europe (Germany, UK, France, Spain, Italy, Netherlands, Rest of Europe; Rest of Europe is further segmented into Russia, Switzerland, Poland, Sweden, Belgium, Austria, Ireland, Norway, Denmark, and Finland)
• APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines)
• South America (Brazil, Chile, Argentina, Rest of South America)
• MEA (UAE，Saudi Arabia， South Africa and Rest of MEA)
For each aforementioned region and country, detailed analysis and data for annual revenue ($ mn) are available for 2022-2032. The breakdown of all regional markets by country and split of each national market 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:
American Hydroponics (AmHydro)
Argus Control System Limited
Everlight Electronics Co., Ltd.
Freight Farms, Inc.
General Hydroponics Inc. (Hawthorne Gardening Company)
Priva Holdings B.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.)