Indoor Farming Market Witness Highest Growth at a CAGR of 11.2% by 2028

A Quick Overview of Indoor Farming Market

The key object of this report on the Indoor Farming Market is to offer worthy data and a geographical perspective for predictions of market growth in the future. The recommendations added in this detailed report are insightful, and actionable offering a deep understanding of the industry. Moreover, it includes a comprehensive importance of aspects that have impacted the industry.

MarkNtel Advisors has recently studied an extensive market intelligence evaluation on the Indoor Farming Market. Also, the newly released report exhibits an engaging format that comprises compelling graphs, tables, charts, and figures as well. These seamlessly combined visual aids are designed to support the clarity and accuracy of the details presented, offering analysts a deep knowledge of the topic at hand.

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Indoor Farming Market Scenario:

The Global Indoor Farming Market is projected to grow at a CAGR of around 11.2% during the forecast period, i.e., 2023-28. The World Bank Group reports that the average amount of arable land per person decreased from 0.197 hectares in 2013 to 0.192 hectares in 2016. The loss of agricultural land has primarily been brought about by its redistribution for non-agricultural uses, including urbanization, highways, industry and housing, as well as soil erosion and pollution in many developing countries.

Indoor Farming Market - Industry Dynamics, Size, And Opportunity Forecast To 2028:

Market Driver - Decreased Cultivable Area Globally, Prompting The Repurposing of Existing Agricultural Land

Unfavorable weather conditions like droughts, soil erosion, floods, and intensive pesticide usage, which are the prominent causes of the decreased cultivable area, have led to reduced yield over time. Growing crops indoors is the best way to address this severe concern affecting soil fertility globally. In addition, it creates new arable land, subsequently increasing the output and productivity of existing agricultural land. With innovative methods like Hydroponics Farming, Aeroponics Farming, Aquaponics Farming, and Vertical Farming, indoor methods are anticipated to gain traction and drive the market during the forecast period.

Indoor Farming Market Segmentation Analysis:

Indoor Farming Industry, analyzes, identifies, and highlights the main trends and drivers which are affecting each segment of the market. The market has been further divided into the following categories:

By Type

Hydroponics Farming
Aeroponics Farming
Aquaponics Farming
Vertical Farming

By Facility

Greenhouses
Container Farms
Indoor Vertical Farms
Indoor Deep Water Culture

By Component

Hardware
- Climate Control Systems
- Lighting Systems
- Sensors
- Irrigation Systems
Software
- Web-Based
- Cloud-Based

By Crop

Fruits and Vegetables
- Tomato
- Lettuce
- Bell & Chili Peppers
- Strawberry
- Cucumber
- Others (Leafy Greens, Kale)
Herbs and Microgreen
- Herbs
- Tarragon
- Wheatgrass
- Others (Basil, Bay)
Flowers and Ornamentals
- Annuals
- Perennials
- Ornamentals
- Others (Orchids, Succulents)

By Region

North America
South America
Europe
The Middle East & Africa
Asia-Pacific.

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Who are the Key Market Players in the Indoor Farming Market?

In the fast-changing Indoor Farming Market, understanding what our competitors are doing is crucial. By carefully analyzing things, we figured out some of the dominating players in the industry. So, the top companies of the Indoor Farming market ruling the industry are:

List of Key Companies Profiled:

Aessense Corporation
Argus Control Systems Limited
Bowery Farming Inc
BrightFarms
Certhon
Crop One Holdings, Inc.
General Hydroponics
Green Sense Farms Holdings, Inc.
Metropolis Farms Inc
Netafim
Priva
Richel Group
Signify Holdings
Village Farms International Inc
Windset Farms
Others.

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