Indoor Farming Market Share, Size, Growth, Opportunity and Forecast 2021-2026

*As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Indoor Farming Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The global indoor farming market grew at a CAGR of around 12% during 2015-2020. Indoor farming is a part of modern agriculture for growing crops in a protected environment. The market for Indoor farming is increasing globally catalyzed by the rising world population and a consequent demand for building secure and consistent food supplies. Conventional agriculture is locationally tied to areas with sufficient land and water. As the amount of vacant arable land and water to support conventional agriculture is dwindling, the demand of indoor farming is increasing as it is decoupled from such needs and can be located closer to end consumption.

The scarcity of land for farming across the world is one of the primary factors catalyzing indoor farming growth. As the global population continues to develop and urbanize, farmers are opening indoor facilities closer to these urban areas creating a local, stable, and sustainable year-round food supply. In addition to this, the increasing instances of droughts, floods, and other natural disasters across the globe have raised concerns over food security. This, in turn, has prompted the growth of indoor agriculture in such countries. Moreover, high-tech, fully controlled, and semi-automated greenhouse facilities in rural areas and its environmentally friendly farming practices have also driven the market demand for indoor farming. Furthermore, the growth in technological advancements in farming sensors, monitoring, and regulating devices for each aspect of cultivation has further propelled the growth of this market. Additionally, this technique enables food production in a sustainable surrounding without chemical pesticides, hence increasing the production for organic yields, which is currently in strong demand from the consumer end. Looking forward, IMARC expects the global indoor farming market to continue its strong growth during 2021-2026.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global indoor farming market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, facility type, crop type, component and growing system.

Breakup by Facility Type:

Greenhouse
Indoor Vertical Farms
Container Farms
Indoor Deep Water Culture
Others

Breakup by Crop Type:

Fruits, Vegetables and Herbs
- Lettuce
- Spinach
- Kale
- Tomato
- Herbs
- Bell and Chilli Peppers
- Strawberry
- Cucumber
- Others
Flowers and Ornamentals
- Annuals
- Perennials
- Ornamentals
- Others
Others

Breakup by Component:

Hardware
- Structure
- LED Lights
- HVAC
- Climate Control System
- Irrigation Systems
- Others
Software
- Web-based
- Cloud-based

Breakup by Growing System:

Aeroponics
Hydroponics
Aquaponics
Soil-based
Hybrid

Breakup by Region:

Asia Pacific
- China
- Japan
- Singapore
- South Korea
- Others
North America
- United States
- Canada
Europe
- Netherlands
- Germany
- United Kingdom
- France
- Italy
- Others
Latin America
- Mexico
- Brazil
- Others
Middle East & Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players being 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.

Key Questions Answered in This Report:

How has the global indoor farming market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global indoor farming market?
What are the key regional markets?
What is the breakup of the market based on the facility type?
What is the breakup of the market based on the crop type?
What is the breakup of the market based on the component?
What is the breakup of the market based on the growing system?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the market?
What is the structure of the global indoor farming market and who are the key players?
What is the degree of competition in the market?