The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.
The global indoor farming market reached a value of US$ 15.7 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 31.1 Billion by 2027, exhibiting at a CAGR of 11.8% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
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.
IMARC Group provides an analysis of the key trends in each sub-segment of the global indoor farming market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on facility type, crop type, component and growing system.
Breakup by Facility Type:
Breakup by Crop Type:
Breakup by Component:
Breakup by Growing System:
Breakup by Region:
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.
|Base Year of the Analysis||2021|
|Segment Coverage||Facility Type, Crop Type, Component, Growing System, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Countries Covered||United States, Canada, Netherlands, Germany, United Kingdom, France, Italy, China, Japan, Singapore, South Korea, Brazil, Mexico|
|Companies Covered||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.|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: 2499
Five User License: 3499
Corporate License: 4499
|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
The global indoor farming market was valued at US$ 15.7 Billion in 2021.
We expect the global indoor farming market to exhibit a CAGR of 11.8% during 2022-2027.
The elevating levels of urbanization, limited availability of arable land, and the growing prominence of
high-tech, fully controlled, and semi-automated greenhouse facilities, are some of the key factors
driving the global indoor farming market.
The sudden outbreak of the COVID-19 pandemic has led to the growing adoption of modern farming
practices, such as indoor farming, resulting in higher yield of necessary crops free from pests, thereby
positively impacting the market growth.
Based on the facility type, the global indoor farming market has been segmented into greenhouse,
indoor vertical farms, container farms, indoor deep-water culture, and others. Currently, greenhouse
facility accounts for the majority of the global market share.
Based on the crop type, the global indoor farming market can be divided into fruits, vegetables, and
herbs, flowers and ornamentals, and others. Among these, fruits, vegetables, and herbs currently exhibit
a clear dominance in the market.
Based on the component, the global indoor farming market has been bifurcated into hardware and
software. Currently, hardware holds the majority of the total market share.
Based on the growing system, the global indoor farming market can be categorized into aeroponics,
hydroponics, aquaponics, soil-based, and hybrid. Among these, soil-based system represents the largest
On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin
America, and Middle East and Africa, where North America currently dominates the global market.
Some of the major players in the global indoor farming market include 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.
REACH OUT TO US
Call us on
( US: +1-631-791-1145 )
( UK: +44-753-713-2163 )
( India: +91 120 433 0800 )
Drop us an email at