Indoor Farming Market Overview:
Indoor farming is used to supplement the local food supply and provide nutritious, fresh vegetables to consumers. This method of farming produces extremely nutritious food because it regulates plant-fertilizing nutrients. Indoor farming enables the cultivation of a diverse range of crops such as leafy vegetables, herbs, vegetables, fruits, microgreens, and flowers. Indoor vertical farming methods produce organic food that is agrochemical-free. These are the primary driving factors for indoor vertical farming, along with the growing customer demand for pesticide and herbicide-free produce.
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Indoor Farming Market Dynamics:
One of the primary benefits of indoor farming is that it produces more than traditional agricultural methods. Farmers benefit from indoor farming facilities because they provide ideal growing conditions, allowing them to cultivate a crop from seed to harvest in less time and with higher yields in each cycle while using less land. According to USDA statistics, the average output of greenhouse hydroponic tomatoes in 2016 was 10.59 pounds per square foot, compared to 1.85 pounds per square foot for conventionally produced tomatoes. As a result, indoor farms can increase crop output by stacking additional layers and expanding the growing area.
COVID-19 Impact Analysis on Indoor Farming Market:
The COVID pandemic has had a significant impact on the market in terms of sales, as more than 44% of unit sales have been hampered due to disruptions in manufacturers’ transport capabilities as a result of stringent lockdown norms and rising safety concerns. Furthermore, supply chain disruptions, demand destruction, and changes in customer behaviour as a result of strict lockdown conditions around the world have had an impact on the indoor farming market.
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Indoor Farming Market Segmentation:
Aeroponics is a growing system that allows plants to be grown in a misty environment without the use of conventional media like soil. In containers filled with plant nutrients, the roots of the plants are placed rather than the soil. These containers are ideal for oxygenation and hydration as they enable the plant to efficiently absorb nutrients, which contributes to faster development and culture. Aeroponics is thought to be the indoor agriculture of the future. The method enables more plants or seeds to be planted in a shorter amount of time than usual and allows for quicker plant development.
Top Companies in Indoor Farming Market:
- Netafim (Israel)
- LumiGrow (U.S.)
- Illumitex (U.S.)
- Hydrodynamics International (U.S.)
- Agrilution (Germany)
- Argus Control System Limited (Canada)
- Signify Holding (Netherlands)
- Everlight Electronics (China)
- Logiqs (Netherlands)
- American Hydroponics (US)
- Vertical Farm Systems (Australia)
- General Hydroponics (US)
- Heliospectra AB (Sweden)
Regional Insights on Indoor Farming market:
The study includes analysis on production, consumption, revenue, market share, and rate of growth for the subsequent regions: North America, Europe, Asia-Pacific, South America, the centre East, and Africa, likewise as forecasts for 2022-2029. The Indoor Farming report covers the 5 regions, and their country-wise distribution are:
- North America– (U.S., Canada, and Mexico)
- Europe– (U.K., Germany, France, Spain, Italy, Sweden, CIS Countries, and Rest of Europe)
- Asia Pacific – (China, India, Japan, South Korea, Australia, ASEAN, and Rest of APAC)
- Middle East & Africa – (South Africa, GCC Countries, Nigeria, Egypt, and Rest of ME&A)
- South America – (Brazil, Argentina, Colombia, and Rest of South America)
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