United States Plant Factory Market to Grow with a CAGR of 10.42% through 2029

Surge in research and development activities is expected to drive the United States Plant Factory Market growth in the forecast period.

According to TechSci Research report, “United States Plant Factory Market – By Region and Competition Forecast & Opportunities, 2029F”, the United States Plant Factory Market stood at USD 1,423.04 Million in 2023 and is anticipated to project steady growth in the forecast period with a CAGR of 10.42% through 2029. The U.S. plant factory market is driven by several key factors. The rise in urbanization and the limited availability of arable land have accelerated the adoption of vertical farming and indoor gardening. Advances in LED technology have enhanced the feasibility and cost-effectiveness of indoor farming solutions. Growing consumer awareness of the benefits of pesticide-free, organic produce is fueling demand for food cultivated in plant factories. Additionally, policies and incentives promoting sustainable farming practices are further supporting the growth of this market.

The surge in research and development (R&D) activities is a significant driver of the U.S. plant factory market. Ongoing R&D efforts are focused on optimizing plant growth conditions, improving crop yields, and enhancing resource efficiency in indoor farming systems. Innovations in lighting, climate control, and automation technologies are making plant factories more productive and cost-efficient. Additionally, advancements in artificial intelligence and data analytics are enabling more precise management of environmental factors, further improving operational efficiency and sustainability.

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The United States Plant Factory Market is segmented into facility type, light, growing system, type, regional distribution, and company. 

Based on growing system, the non-soil-based method, commonly known as hydroponics, has emerged as the dominant technique in the United States Plant Factory market. This innovative and revolutionary approach to crop cultivation has garnered immense popularity and acclaim due to its exceptional efficiency in water and nutrient utilization. By precisely controlling the growing conditions, hydroponics maximizes resource efficiency, resulting in high yield outcomes and contributing to sustainable agriculture practices. One of the key advantages of hydroponics is its remarkable versatility, enabling year-round crop cultivation regardless of the availability of fertile soil. This flexibility not only ensures a consistent supply of fresh produce but also reduces the dependence on traditional farming practices. With the ability to grow crops in controlled environments, hydroponics minimizes the risks associated with unpredictable weather conditions, pests, and diseases.

Based on Region, the South have emerged as the fastest growing region in the United States Plant Factory Market through 2029. The region’s favorable climate for year-round agricultural production, coupled with a growing focus on sustainability, has spurred the adoption of plant factory systems. The South’s increasing urbanization and population growth have heightened the demand for locally grown, fresh produce, driving the expansion of indoor farming and vertical agriculture.

Major companies operating in the United States Plant Factory Market are:

• Gotham Greens Farms LLC
• Bowery Farming Inc.
• Freight Farms
• Plenty Unlimited Inc.
• AeroFarms, LLC
• BrightFarms Inc.
• Iron Ox, Inc.
• AppHarvest, Inc.
• Vertical Harvest Farms
•  Dream Harvesting Farming Company LLC

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“Nanotechnology is contributing to better water management in plant factories. Nanomaterials are being used in advanced filtration systems to optimize water use, ensuring that plants receive the ideal amount of moisture while reducing waste. Additionally, nanocoatings are being developed to improve plant disease resistance and pest control, further enhancing the productivity and sustainability of indoor farming systems,” said Mr. Karan Chechi, Research Director of TechSci Research, a research-based management consulting firm.

“United States Plant Factory Market By Facility Type (Greenhouses, Indoor Farms, Others), By Light (Artificial Light and Sunlight), By Growing System (Soil-Based, Non-Soil-Based, Hybrid), By Type (Fruits & Vegetables, Ornamental Plants & Flowers, Others {Plantation Crops, Forage Crops, etc.}), By Region and Competition, Forecast & Opportunities, 2019-2029F”, has evaluated the future growth potential of United States Plant Factory Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision-makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in United States Plant Factory Market.

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