Indoor Farming Market Growth Trends & Future Outlook 2028

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Future Indoor Farming Market: Key Dynamics, Size & Share Analysis

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.

Top Opportunities Impacting the Indoor Farming Market Growth

Advent of Cost-Effective and Innovative Technologies for Farming - Many innovations in indoor farming have a short history in the market, and research is now being done to ascertain how they affect a plant's shelf life. For example, LED lighting has a good effect on plants, and the results were encouraging. However, before it can be regarded as optimally beneficial and commercially feasible, the technology is still in its infancy and needs improvement. Many research and development projects are underway to ascertain these technologies' impact on plant shelf life because many such techniques lack a long history of commercial success.

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Understanding the Core Segments in the Indoor Farming Market

Indoor Farming Market Size, Share & Industry Trends Analysis- 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, Software), By Crop (Fruits and Vegetables, Herbs and Microgreen, Flowers and Ornamentals), By Region (North America, South America, Europe, The Middle East & Africa, Asia-Pacific), By Company (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

Geographical Analysis of the Indoor Farming Market

  • North America
  • South America
  • Europe
  • Middle East & Africa
  • Asia-Pacific

North America accounted for the largest share of the Global Indoor Farming Market.

Who Dominates the Indoor Farming Market Insights on Key Industry Players?

Companies are strengthening their presence in the Indoor Farming market by adopting strategies such as forming strategic alliances, leveraging AI, entering partnerships, pursuing mergers and acquisitions, expanding into new regions, and introducing innovative products and services.

  • 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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