Global indoor farming market may potentially project an impressive growth in the forecast period, 2024-2028, with an impressive CAGR on the account of rapidly increasing demands for the healthier aspects of agricultural practices. Decreasing availability of the land for the crop cultivation is also driving the growth of the global indoor farming market in the upcoming five years. The demand for the higher yielding crops is also supporting the growth of the global indoor farming market in the next five years. Indoor farming is an agricultural practice that is considered as a part of modern agricultural practices for cultivating crops in healthier environment. This method utilizes artificial lights, and necessary nutrient supplier for the cultivation of various crops. Unlike traditional methods, the crops can be grown round the year and thus it is anticipated to register higher yield than traditional agricultural practices. Rising global population and a consistent demand for sufficient food supplies is also aiding the growth of the market. Rapid urbanization, increasing number of modern infrastructure and demand for the land for same is creating land scarcity further and aiding the growth of the global indoor farming market in the forecast years until 2028.

Indoor farming is an agricultural practice that is considered as a part of modern agricultural practices for cultivating crops in healthier environment. This method utilizes artificial lights, and necessary nutrient supplier for the cultivation of various crops. Unlike traditional methods, the crops can be grown round the year and thus it is anticipated to register higher yield than traditional agricultural practices.

The global indoor farming market is segmented by farming technique, facility type, component, crop type, competitional landscape, and regional distribution. Based on farming technique, the market is further bifurcated into hydroponics, aeroponics, aquaponics, soil-based, and hybrid. Soil-based indoor farming is anticipated to hold the largest revenue shares of the market and dominate the market segment on the account of ability of the method to enhance the harvesting cycle of the crop plants as compared to traditional farming method, and thereby support the growth of global indoor farming market in the upcoming five years. Aeroponics indoor farming technique is expected to register the fastest growing CAGR rate in the upcoming five years on the account of its advantages like faster plant growth, enabling the cultivation of more plants or seeds in lesser time than normal conditions, along with computer managed system for releasing moist air at regular intervals. The system does not require frequent use of pesticides, weeding, and other maintenance processes as compared to conventional farming and thus its supporting the growth of global indoor farming market in the future five years of forecast.

Holding the major shares of the global indoor farming market are LumiGrow Inc., Signify Holding BV, Argus Control Systems Ltd., Netafim Ltd, Logiqs BV, Richel Group, Vertical Farm Systems, General Hydroponics, Inc., Heliospectra AB, Bright Farms Inc., Bowery Farming Inc., FreshBox Farms, Metropolis Farms Inc., Village Farms International Inc., Green Sense Farms LLC, among others. Market players are actively involved in the research and technological development in the product developments. The advanced technology has made it possible for the industry to provide excellent services through indoor farming. Further advancement would aid the market value and brand establishment in the future five years. New market players may focus on the research and development to provide options that satisfies the consumer demand as well as benefits the market players in building their brand value. Other competitive strategies include mergers & acquisitions and new product developments.


Download Free Sample Report


Years considered for this report:

  • Historical Years: 2018 – 2021
  • Base Year: 2022
  • Estimated Year: 2023
  • Forecast Period: 2024 – 2028

Objective of the Study:

  • To analyze the historical growth of the market size of global indoor farming market from 2018 to 2021.
  • To estimate and forecast the market size of global indoor farming market from 2022 to 2028 and growth rate until 2028. 
  • To classify and forecast global indoor farming market based on farming technique, facility type, component, crop type, competitional landscape, and regional distribution.
  • To identify dominant region or segment in the global indoor farming market.
  • To identify drivers and challenges for global indoor farming market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global indoor farming market.
  • To identify and analyze the profile of leading players operating in global indoor farming market.
  • To identify key sustainable strategies adopted by market players in global indoor farming market.

TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers, service providers, suppliers, and distributors across the country. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufactures and service providers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufactures, service vendors, distribution channels and presence of all major players across the country.

TechSci Research calculated the market size of global indoor farming market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

Key Target Audience:

  • Manufacturers, service providers, end users, and other stakeholders
  • Distributors and suppliers of products & services and other stakeholders
  • Organizations, forums, and alliances related to indoor farming
  • Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, service providers, suppliers, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Attribute

Details

Base Year

2022

Historical Years

2018 – 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Million and CAGR for 2018-2022 and 2023-2028

Report Coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered

·         Farming Technique

·         Facility Type

·         Component

·         Crop Type

Regional Scope

North America; Asia Pacific; Europe & CIS; South America; Middle East & Africa

Country Scope

United States; Canada; Mexico; China; India; Japan; Malaysia; South Korea; Germany; France; United Kingdom; Italy; Spain; Brazil; Argentina; Colombia; Saudi Arabia; UAE; South Africa;

Key Companies Profiled

LumiGrow Inc., Signify Holding BV, Argus Control Systems Ltd., Netafim Ltd, Logiqs BV, Richel Group, Vertical Farm Systems, General Hydroponics, Inc., Heliospectra AB, Bright Farms Inc., Bowery Farming Inc., FreshBox Farms, Metropolis Farms Inc., Village Farms International Inc., Green Sense Farms LLC.

Customization Scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and Purchase Options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Report Scope:

In this report, global indoor farming market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Global Indoor Farming Market, By Farming Technique:
    • Hydroponics
    • Aeroponics
    • Aquaponics
    • Soil-Based
    • Hybrid
  • Global Indoor Farming Market, By Facility Type:
    • Greenhouse
    • Indoor Vertical Farm
    • Container Farm
    • Others
  • Global Indoor farming Market, By Component:
    • Irrigation Component
    • Lighting
    • Sensor
    • Climate Control
    • Others
  • Global Indoor Farming Market, By Crop Type:
    • Fruits & Vegetables
    • Herbs & Greens
    • Flowers & Ornamentals
    • Others
  • Global Indoor Farming Market, By Region:
    • North America
      • United States
      • Canada
      • Mexico
    • Europe
      • Germany
      • France
      • United Kingdom
      • Italy
      • Spain
    • Asia-Pacific
      • China
      • Japan
      • India
      • South Korea
      • Malaysia
    • Middle East & Africa
      • South Africa
      • Saudi Arabia
      • UAE
    • South America
      • Brazil
      • Argentina
      • Colombia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in global indoor farming market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Global Indoor farming Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at sales@techsciresearch.com  

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com

1.    Product Overview

2.    Research Methodology

3.    Impact of COVID-19 on Global Indoor Farming Market

4.    Executive Summary

5.    Voice of Customer

6.    Global Indoor Farming Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Value

6.2.  Market Share & Forecast

6.2.1.     By Farming Technique (Hydroponics, Aeroponics, Aquaponics, Soil-Based, Hybrid)

6.2.2.     By Facility Type (Greenhouse, Indoor Vertical Farm, Container Farm, Others)

6.2.3.     By Component (Irrigation Component, Lighting, Sensor, Climate Control, Others)

6.2.4.     By Crop Type (Fruits & Vegetables, Herbs & Greens, Flowers & Ornamentals, Others)

6.2.5.     By Company (2022)

6.2.6.     By Region

6.3.  Product Market Map

7.    North America Indoor Farming Market Outlook

7.1.  Market Size & Forecast          

7.1.1.     By Value

7.2.  Market Share & Forecast

7.2.1.     By Farming Technique

7.2.2.     By Facility Type

7.2.3.     By Component

7.2.4.     By Crop Type

7.2.5.     By Country

7.3.  North America: Country Analysis

7.3.1.     United States Indoor Farming Market Outlook

7.3.1.1.         Market Size & Forecast

7.3.1.1.1.             By Value

7.3.1.2.         Market Share & Forecast

7.3.1.2.1.             By Farming Technique

7.3.1.2.2.             By Facility Type

7.3.1.2.3.             By Component

7.3.1.2.4.             By Crop Type

7.3.2.     Mexico Indoor Farming Market Outlook

7.3.2.1.         Market Size & Forecast

7.3.2.1.1.             By Value

7.3.2.2.         Market Share & Forecast

7.3.2.2.1.             By Farming Technique

7.3.2.2.2.             By Facility Type

7.3.2.2.3.             By Component

7.3.2.2.4.             By Crop Type

7.3.3.     Canada Indoor Farming Market Outlook

7.3.3.1.         Market Size & Forecast

7.3.3.1.1.             By Value

7.3.3.2.         Market Share & Forecast

7.3.3.2.1.             By Farming Technique

7.3.3.2.2.             By Facility Type

7.3.3.2.3.             By Component

7.3.3.2.4.             By Crop Type

8.    Europe Indoor Farming Market Outlook

8.1.  Market Size & Forecast          

8.1.1.     By Value

8.2.  Market Share & Forecast

8.2.1.     By Farming Technique

8.2.2.     By Facility Type

8.2.3.     By Component

8.2.4.     By Crop Type

8.2.5.     By Country

8.3.  Europe: Country Analysis

8.3.1.     France Indoor Farming Market Outlook

8.3.1.1.         Market Size & Forecast

8.3.1.1.1.             By Value

8.3.1.2.         Market Share & Forecast

8.3.1.2.1.             By Farming Technique

8.3.1.2.2.             By Facility Type

8.3.1.2.3.             By Component

8.3.1.2.4.             By Crop Type

8.3.2.     Germany Indoor Farming Market Outlook

8.3.2.1.         Market Size & Forecast

8.3.2.1.1.             By Value

8.3.2.2.         Market Share & Forecast

8.3.2.2.1.             By Farming Technique

8.3.2.2.2.             By Facility Type

8.3.2.2.3.             By Component

8.3.2.2.4.             By Crop Type

8.3.3.     United Kingdom Indoor Farming Market Outlook

8.3.3.1.         Market Size & Forecast

8.3.3.1.1.             By Value

8.3.3.2.         Market Share & Forecast

8.3.3.2.1.             By Farming Technique

8.3.3.2.2.             By Facility Type

8.3.3.2.3.             By Component

8.3.3.2.4.             By Crop Type

8.3.4.     Italy Indoor Farming Market Outlook

8.3.4.1.         Market Size & Forecast

8.3.4.1.1.             By Value

8.3.4.2.         Market Share & Forecast

8.3.4.2.1.             By Farming Technique

8.3.4.2.2.             By Facility Type

8.3.4.2.3.             By Component

8.3.4.2.4.             By Crop Type

8.3.5.     Spain Indoor Farming Market Outlook

8.3.5.1.         Market Size & Forecast

8.3.5.1.1.             By Value

8.3.5.2.         Market Share & Forecast

8.3.5.2.1.             By Farming Technique

8.3.5.2.2.             By Facility Type

8.3.5.2.3.             By Component

8.3.5.2.4.             By Crop Type

9.    Asia-Pacific Indoor Farming Market Outlook

9.1.  Market Size & Forecast          

9.1.1.     By Value

9.2.  Market Share & Forecast

9.2.1.     By Farming Technique

9.2.2.     By Facility Type

9.2.3.     By Component

9.2.4.     By Crop Type

9.2.5.     By Country

9.3.  Asia-Pacific: Country Analysis

9.3.1.     China Indoor Farming Market Outlook

9.3.1.1.         Market Size & Forecast

9.3.1.1.1.             By Value

9.3.1.2.         Market Share & Forecast

9.3.1.2.1.             By Farming Technique

9.3.1.2.2.             By Facility Type

9.3.1.2.3.             By Component

9.3.1.2.4.             By Crop Type

9.3.2.     India Indoor Farming Market Outlook

9.3.2.1.         Market Size & Forecast

9.3.2.1.1.             By Value

9.3.2.2.         Market Share & Forecast

9.3.2.2.1.             By Farming Technique

9.3.2.2.2.             By Facility Type

9.3.2.2.3.             By Component

9.3.2.2.4.             By Crop Type

9.3.3.     South Korea Indoor Farming Market Outlook

9.3.3.1.         Market Size & Forecast

9.3.3.1.1.             By Value

9.3.3.2.         Market Share & Forecast

9.3.3.2.1.             By Farming Technique

9.3.3.2.2.             By Facility Type

9.3.3.2.3.             By Component

9.3.3.2.4.             By Crop Type

9.3.4.     Japan Indoor Farming Market Outlook

9.3.4.1.         Market Size & Forecast

9.3.4.1.1.             By Value

9.3.4.2.         Market Share & Forecast

9.3.4.2.1.             By Farming Technique

9.3.4.2.2.             By Facility Type

9.3.4.2.3.             By Component

9.3.4.2.4.             By Crop Type

9.3.5.     Australia Indoor Farming Market Outlook

9.3.5.1.         Market Size & Forecast

9.3.5.1.1.             By Value

9.3.5.2.         Market Share & Forecast

9.3.5.2.1.             By Farming Technique

9.3.5.2.2.             By Facility Type

9.3.5.2.3.             By Component

9.3.5.2.4.             By Crop Type

10.  South America Indoor Farming Market Outlook

10.1.              Market Size & Forecast

10.1.1.  By Value

10.2.              Market Share & Forecast

10.2.1.  By Farming Technique

10.2.2.  By Facility Type

10.2.3.  By Component

10.2.4.  By Crop Type

10.2.5.  By Country

10.3.              South America: Country Analysis

10.3.1.  Brazil Indoor Farming Market Outlook

10.3.1.1.      Market Size & Forecast

10.3.1.1.1.           By Value

10.3.1.2.      Market Share & Forecast

10.3.1.2.1.           By Farming Technique

10.3.1.2.2.           By Facility Type

10.3.1.2.3.           By Component

10.3.1.2.4.           By Crop Type

10.3.2.  Argentina Indoor Farming Market Outlook

10.3.2.1.      Market Size & Forecast

10.3.2.1.1.           By Value

10.3.2.2.      Market Share & Forecast

10.3.2.2.1.           By Farming Technique

10.3.2.2.2.           By Facility Type

10.3.2.2.3.           By Component

10.3.2.2.4.           By Crop Type

10.3.3.  Colombia Indoor Farming Market Outlook

10.3.3.1.      Market Size & Forecast

10.3.3.1.1.           By Value

10.3.3.2.      Market Share & Forecast

10.3.3.2.1.           By Farming Technique

10.3.3.2.2.           By Facility Type

10.3.3.2.3.           By Component

10.3.3.2.4.           By Crop Type

11.  Middle East and Africa Indoor Farming Market Outlook

11.1.              Market Size & Forecast

11.1.1.  By Value

11.2.              Market Share & Forecast

11.2.1.  By Farming Technique

11.2.2.  By Facility Type

11.2.3.  By Component

11.2.4.  By Crop Type

11.2.5.  By Country

11.3.              MEA: Country Analysis

11.3.1.  South Africa Indoor Farming Market Outlook

11.3.1.1.      Market Size & Forecast

11.3.1.1.1.           By Value

11.3.1.2.      Market Share & Forecast

11.3.1.2.1.           By Farming Technique

11.3.1.2.2.           By Facility Type

11.3.1.2.3.           By Component

11.3.1.2.4.           By Crop Type

11.3.2.  Saudi Arabia Indoor Farming Market Outlook

11.3.2.1.      Market Size & Forecast

11.3.2.1.1.           By Value

11.3.2.2.      Market Share & Forecast

11.3.2.2.1.           By Farming Technique

11.3.2.2.2.           By Facility Type

11.3.2.2.3.           By Component

11.3.2.2.4.           By Crop Type

11.3.3.  UAE Indoor Farming Market Outlook

11.3.3.1.      Market Size & Forecast

11.3.3.1.1.           By Value

11.3.3.2.      Market Share & Forecast

11.3.3.2.1.           By Farming Technique

11.3.3.2.2.           By Facility Type

11.3.3.2.3.           By Component

11.3.3.2.4.           By Crop Type

12.  Market Dynamics

12.1.              Drivers

12.2.              Challenges

13.  Market Trends & Developments

14.  Competitive Landscape

14.1.              Competition Outlook

14.2.              Company Profiles (SWOT Analysis of Top 5 Players Profiled)

14.2.1.  LumiGrow Inc.

14.2.2.  Signify Holding BV

14.2.3.  Argus Control Systems Ltd.

14.2.4.  Netafim Ltd

14.2.5.  Logiqs BV

14.2.6.  Richel Group

14.2.7.  Vertical Farm Systems

14.2.8.  General Hydroponics, Inc.

14.2.9.  Heliospectra AB

14.2.10.                Bright Farms Inc.

14.2.11.                Bowery Farming Inc.

14.2.12.                FreshBox Farms

14.2.13.                Metropolis Farms Inc.

14.2.14.                Village Farms International Inc.

14.2.15.                Green Sense Farms LLC

15.  Strategic Recommendations

16. About Us & Disclaimer

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com