Authored By: Sarah
08 Nov 2024

need to improve yield of crops and reduce crop wastage is driving the Indoor Farming Technologies Market

Latest News:- Indoor Farming Technologies Market: Greenhouse farming is expected to lead the Application segment during 2024-2028

Technavio analyzes that the Indoor Farming Technologies Market is expected to grow at a CAGR of 20.1% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 6581.5 million.There are various factors that contribute to the growth of the market. Indoor farming technologies have gained significant traction due to the pressing need to enhance crop yield and minimize wastage. These advanced farming solutions enable year-round production, optimize resource utilization, and offer controlled environmental conditions to ensure optimal growth. By integrating automation, hydroponics, aeroponics, and LED lighting, indoor farming can reduce water consumption, eliminate the impact of external weather conditions, and safeguard crops from pests and diseases. These benefits make indoor farming a promising solution for sustainable agriculture and food security.

Indoor farming technologies, including Aquaponics, Aeroponics, and SoilBased systems, are revolutionizing agriculture by enabling crop production in enclosed or sheltered environments. Driven by the scarcity of arable land, the need to safeguard crops from diseases, and the impact of changing climatic conditions, the global indoor farming technologies market is experiencing significant growth, particularly in the greenhouse segment. These advanced farming techniques offer numerous advantages to farmers, such as water usage reduction, chemical reduction, and the production of pharmaceutical products like monoclonal antibodies, bioinks, and vaccines. The increasing demand for safer and healthier food is further fueling the adoption of indoor farming technologies in greenhouse farming, ensuring a consistent supply of high-quality produce year-round. 

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Indoor Farming Technologies Market Segmentation

  • Application
    • Greenhouse farming
    • Vertical farming
  • Geography
    • Europe
    • APAC
    • North America
    • South America
    • Middle East and Africa

Top Performing Companies

As per our research findings, here are some of the key competitors that are leading the industry

  • Advanced Grow Lights American Co.
  • Agrowtek Inc.
  • Argus Control Systems Ltd.
  • California LightWorks
  • Certhon Build B.V.
  • Dalsem Greenhouse Projects BV
  • General Electric Co.
  • GreenTech Agro LLC
  • Growlink
  • Honeywell International Inc.
  • Industries Harnois Inc.
  • KCC Companies
  • Koninklijke Philips N.V.
  • Link4 Corp.
  • LumiGrow Inc
  • Motorleaf
  • Richel Group SAS
  • Urban Crop Solutions
  • Vertical Farm Systems Pty Ltd
  • ZipGrow Inc.

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Research Analysis Overview

Indoor farming technology refers to innovative methods for growing fresh foods in controlled environments, enhancing nutritive value and achieving higher yields through techniques like vertical farming, hydroponics, aquaponics, and aeroponics. This sustainable approach to crop cultivation offers pesticide-free, organic food with reduced water usage and carbon footprint, addressing food demand while conserving arable land and reducing soil degradation and groundwater depletion. LED illumination and automated urban farms contribute to this efficient, chemical-reduced production, also paving the way for pharmaceutical development.

Market Research Overview

Indoor farming technologies have emerged as a significant market trend, revolutionizing crop cultivation through the use of advanced techniques in Fresh Produce production. These technologies, including Controlled Environment Agriculture (CEA) and Vertical Farming, enable higher yields, improved nutritive value, and organic, pesticide-free produce. Indoor farming's carbon footprint is significantly lower than traditional farming methods due to the use of LED illumination and controlled environments. Market growth is driven by increasing product launches from key players, capitalizing on the demand for fresher, more nutritious foods with minimal environmental impact. Technavio projects the global Indoor Farming Technologies Market to experience substantial expansion due to these factors.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

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Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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