Agriculture
The global indoor farming market reached a value of US$ 19.6 Billion in 2023. As per the analysis by IMARC Group, the top companies in the global indoor farming market are focusing on various technological advancements, such as the increasing utilization of the Internet of Things (IoT), to develop advanced monitoring systems that track the physical conditions of the crops and offer remote functions for operating water systems and light-emitting diode (LED) lights. Moreover, the rising preference among farmers to open indoor facilities closer to these urban areas, creating a local, stable, and sustainable year-round food supply, is creating a positive outlook for the market. In line with this, the increasing instances of droughts, floods, and other natural disasters across the globe have raised concerns over food security, which, in turn, is facilitating the demand for indoor farming. Apart from this, the increasing adoption of hydroponics and aeroponics techniques that use nutrient-rich water to feed the plants and help save water and allow for faster growth and higher yields is providing an impetus to the market growth. Various technological advancements in farming sensors, monitoring, and regulating devices for each aspect of cultivation have further propelled the market growth. Apart from this, the integration of robotics and artificial intelligence (AI) to track the development of plants and automate tasks involved in indoor farming, such as seeding, harvesting, and packaging, is positively influencing the market growth. Other factors, including the increasing demand for sustainable farming, the development of high-tech, fully controlled, and semi-automated greenhouse facilities, and escalating requirements for stabilized crop production, are anticipated to drive the market growth. Looking forward, IMARC Group expects the market value to reach US$ 43.9 Billion by 2032, growing at a CAGR of 9.1% during the forecast period (2024-2032).
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The global indoor farming market has several major players including AeroFarms, Agricool, Agrilution Systems GmbH, AutoGrow Systems Ltd., Bowery Farming, Bright Farms Inc. (Cox Enterprises, Inc.)., Freight Farms, FreshBox Farms, Garden Fresh Farms, Green Sense Farms Holdings, Inc., Logiqs B.V., Plenty Unlimited, Inc., SananBio, Sky Greens, SPREAD Co., Ltd., Urban Crop Solutions, and Voeks Inc. More information about these companies has been provided below.
Establishment: |
2004 |
Headquarters: |
Newark, New Jersey, U.S |
Website: |
https://www.aerofarms.com/ |
AeroFarms is a leading agricultural technology company that specializes in indoor vertical farming. It focuses on revolutionizing agriculture by developing sustainable, efficient, and scalable farming solutions. AeroFarms is committed to producing high-quality, flavorful, and nutritious crops. The company grows a wide range of leafy greens, including lettuce, kale, arugula, and microgreens, which are known for their freshness, taste, and nutritional value.
Establishment: |
2015 |
Headquarters: |
Montrouge, France |
Website: |
https://www.agricool.co/ |
Agricool is a French-based agricultural technology start-up that specializes in urban farming. It grows local, tasty, and pesticide-free fruits and vegetables by recycling shipping containers into urban farms. Agricool has launched a shipping container converted into a vertical farm that uses hydroponic technology to grow a variety of crops. The product is designed to be placed in urban environments, making use of unused urban spaces such as parking lots, rooftops, and abandoned buildings.
Establishment: |
2013 |
Headquarters: |
Munich, Bayern, Germany |
Website: |
https://www.agrilution.com/ |
Agrilution Systems GmbH is a German-based agricultural technology company that focuses on developing innovative solutions for indoor vertical farming. It provides a compact and modular vertical farming system that allows users to grow a wide variety of crops in a small space, such as homes, offices, or restaurants. Agrilution Systems GmbH has designed its products to be user-friendly, with automated processes and smart technology.
Establishment: |
1994 |
Headquarters: |
Auckland, New Zealand |
Website: |
https://autogrow.com/ |
AutoGrow Systems Ltd. is an organization that specializes in providing cutting-edge indoor farming technology and automation solutions for commercial growers worldwide. The company aims to create smart and sustainable farming solutions that would revolutionize the way food is produced and consumed. AutoGrow Systems Ltd. uses artificial intelligence (AI) and machine learning (ML) algorithms to monitor and control various parameters such as temperature, humidity, lighting, irrigation, and nutrient dosing.
Establishment: |
2015 |
Headquarters: |
New York, New York, United States |
Website: |
https://boweryfarming.com/ |
Bowery Farming is a vertical farming company that provides consumers access to fresh, locally grown, and sustainable produce year-round while minimizing the environmental impact of traditional agriculture. The company involves growing crops in vertically stacked trays without soil, using a nutrient-rich water-based solution instead. Bowery Farming has emerged as a pioneer in the field of indoor agriculture, leveraging advanced technology and data-driven farming practices to revolutionize how fresh produce is grown.
Establishment: |
2011 |
Headquarters: |
Irvington, New York |
Website: |
https://www.brightfarms.com |
Bright Farms Inc. is an indoor farming company that specializes in providing locally grown packaged salads. It focuses on a mission to revolutionize the fresh produce industry by providing locally grown, sustainable, and high-quality produce year-round, regardless of weather conditions or location. It operates multiple indoor farms that produce a wide variety of leafy greens, including lettuce, spinach, and herbs.
Establishment: |
2011 |
Headquarters: |
Boston, Massachusetts, United States |
Website: |
https://www.freightfarms.com/ |
Freight Farms is a pioneering agriculture technology company that offers high-volume crop production units made from upcycled shipping containers to support farming in any climate. The company is known for its innovative approach to farming using repurposed shipping containers. Freight Farms mission uses its innovative farming technology, which enables them to grow fresh produce locally, sustainably, and year-round, regardless of climate or location.
Establishment: |
2013 |
Headquarters: |
Millis, Massachusetts, United States |
Website: |
https://www.freshboxfarms.com/ |
FreshBox Farms is a cutting-edge agriculture technology company known for its innovative approach to vertical farming using advanced hydroponic systems. The company's farms are housed in repurposed shipping containers that have been converted into fully controlled environments optimized for plant growth. FreshBox Farms utilizes advanced data analytics to optimize its farming operations. Besides this, the farms are equipped with sensors that monitor various environmental factors in real-time, such as temperature, humidity, pH levels, and nutrient levels.
Establishment: |
2010 |
Headquarters: |
Minnesota, United States |
Website: |
https://www.gardenfreshfarms.org/ |
Garden Fresh Farms is an innovative agriculture technology company known for its sustainable and scalable approach to indoor farming, utilizing aquaponics and vertical farming methods. The indoor agriculture model increases access to healthy food, reduces transportation costs, and provides natural food without pesticides. The company grows vegetables in aquaponics and uses environment-friendly procedures without using any pesticides and delivers vegetables to retail outlets and shops.
Establishment: |
2011 |
Headquarters: |
Portage, Indiana, United States |
Website: |
https://www.greensensefarms.com/ |
Green Sense Farms Holdings, Inc. is a leading indoor vertical farming company renowned for its innovative approach to sustainable farming, utilizing cutting-edge technology to grow fresh, nutrient-rich produce year-round in a controlled environment. The company strongly emphasizes sustainability and environmental stewardship in its farming practices. Green Sense Farms Holdings, Inc. offers controlled environmental agriculture solutions by designing and building vertical farms, greenhouses, and integrated facilities.
Establishment: |
1975 |
Headquarters: |
South Holland, Netherlands |
Website: |
https://www.logiqs.nl/en/vertical-farming/ |
Logiqs B.V. is a leading global provider of innovative horticultural automation solutions specializing in designing, manufacturing, and installing advanced automation systems for greenhouses, nurseries, and vertical farms. In addition, the company is a developer and installer of logistics systems for worldwide horticulture and logistics. Logiqs B.V. aims to revolutionize the horticulture industry by providing cutting-edge solutions that optimize plant growth, reduce labor costs, and minimize environmental impact.
Establishment: |
2014 |
Headquarters: |
South San Francisco, California, United States |
Website: |
https://www.plenty.ag/ |
Plenty Unlimited, Inc. is a cutting-edge agriculture technology company that is revolutionizing the way food is grown and distributed. The mission is to create a world where fresh, nutritious food is accessible to everyone, regardless of location or season. Plenty Unlimited, Inc. utilizes advanced technologies to grow high-quality, sustainable produce in urban environments. The company deals in a wide range of fresh produce, including leafy greens, herbs, and other specialty crops.
Establishment: |
2015 |
Headquarters: |
Albuquerque, New Mexico, United States |
Website: |
https://www.sananbio.com/ |
SananBio is a global leader in indoor vertical farming solutions, specializing in providing advanced technology and expertise for growing high-quality, fresh produce in a sustainable and efficient manner. The company provides engineering procurement, construction, and training services. SananBio has developed a comprehensive portfolio of cutting-edge indoor farming solutions that combine advanced LED lighting, hydroponic systems, and data-driven controls to optimize plant growth and maximize yields.
Establishment: |
2011 |
Headquarters: |
Singapore |
Website: |
https://www.skygreens.com/ |
Sky Greens is a pioneering company in the field of sustainable urban farming, specializing in vertical farming solutions. It focuses on producing high-quality and nutritious produce and uses non-GMO seeds and follows strict food safety standards to ensure that the products are safe, healthy, and of the highest quality. Moreover, Sky Greens is an innovator and builder of the low-carbon hydraulic water-driven vertical farming system.
Establishment: |
2006 |
Headquarters: |
Japan |
Website: |
https://spread.co.jp/en/ |
SPREAD Co., Ltd. is a Japanese-based company specializing in vertical farming and advanced agricultural technology. Its flagship product is the "vertical farm" concept, which uses advanced hydroponic and aeroponic systems to grow a wide range of crops in a vertically stacked arrangement. In addition, the company focuses on utilizing advanced automation and monitoring systems, which allow for precise control over environmental factors such as temperature, humidity, light, and nutrient levels.
Establishment: |
2014 |
Headquarters: |
Belgium |
Website: |
https://urbancropsolutions.com/ |
Urban Crop Solutions is an agriculture-based company that specializes in providing advanced indoor vertical farming solutions for sustainable and efficient crop production. It offers state-of-the-art vertical farming systems that are designed to enable year-round production of a wide range of crops, including leafy greens, herbs, microgreens, and small fruits. Urban Crop Solutions specializes in urban farming, closed environment agriculture, vertical farming systems, closed environment indoor agriculture, vertical farming, and hydroponics.
Establishment: |
2007 |
Headquarters: |
California, United States |
Website: |
https://www.voeksinc.com/ |
Voeks Inc. is a agricultural technology company specializing in modern and sustainable farming solutions. The company's farming division is dedicated to developing innovative and cutting-edge products and services that optimize crop production, improve agricultural efficiency, and promote sustainable farming practices. Voeks Inc. offers a comprehensive range of products and services that cater to different aspects of farming, including crop monitoring, soil analysis, irrigation management, and crop protection.
About Author:
Shree Basu Senior Content Writer at IMARC Services Private Limited Shree Basu is an experienced content writer with a passion for researching about diverse markets, ranging from technology to chemistry to agriculture. She has around two years of experience in different aspects of market research and has worked with multiple startups and enterprises in the B2B, B2C, and retail industries. In her free time, Shree enjoys reading, feeding stray animals, and watching crime documentaries. |
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