Advances in Indoor Farming Market : Understanding the Market and Its Potential
The global indoor farming market size was USD 17.80 Billion in 2022 and is expected to register a rapid revenue CAGR of 9.8% during the forecast period. Rising demand for fresh foods with nutritive value is the primary factor driving market revenue growth.
Some of the key factors driving the growth of the global Indoor Farming market include expanding R&D efforts to develop novel Indoor Farming products for a variety of applications and rising demand for mercury control technology for industrial air purification. The most recent data on the COVID-19 pandemic market condition is provided in the research. The investigation indicates that COVID-19 plays a vital role in the market's dynamically altered environment. The study carefully investigates how the pandemic has altered market dynamics and trends while also precisely analysing how the crisis has impacted the market as a whole.
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Effect of COVID-19 on the global market for Indoor Farming
The COVID-19 pandemic had a significant negative influence on the market for Indoor Farming in 2020, significantly decreasing its CAGR. In 2020, manufacturers and suppliers of Indoor Farming were significantly impacted by federal and national safety and legal orders. The majority of businesses have been impacted by the COVID-19 pandemic. Mandates for business closures, restricted municipal and state government office activities, and social conventions of distance had an impact on the production of Indoor Farming in 2020. Additionally, demand for Indoor Farming decreased across a range of end-use sectors. The pandemic epidemic also resulted in a decline in global investments in the water sector.
Indoor Farming market : Competitive Landscape
The prominent players operating in the Indoor Farming market are profiled in-depth in the report and their strategies, collaborations, and product innovations. The analysis of the key players and their strategies to fortify their presence in the market impart a better understanding of the competitive landscape of the Indoor Farming market .
Some of the prominent players operating in the market are:
AeroFarms, Bowery Farming Inc., BrightFarms, Gotham Greens, 80AcresFarms, Freight Farms, Inc., AppHarvest, Vertical Harvest, Greener Crop Inc., Eden Green Technology, INFARM, Living Greens Farm, Inc., Revol Greens, Modular Farms, Crop One, Heliospectra, Sundrop Farms, Lufa Farms Inc., Urban Crop Solutions, and Farmshelf
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The research study examines historic data from 2018 and 2020 to draw forecasts until 2028. The timeline makes the report an invaluable resource for readers, investors, and stakeholders looking for key insights in readily accessible documents with the information presented in the form of tables, charts, and graphs.
Key questions answered in the report:
What will be the development pace of Indoor Farming market ?
What are the key factors driving the Global Indoor Farming market ?
Who are the key manufacturers in the market space?
What are the openings, hazards, and outline of the market?
What is sales, revenue, and price analysis of top manufacturers of Indoor Farming market ?
Who are the distributors, traders, and dealers of Indoor Farming market ?
What are the Indoor Farming market opportunities and threats faced by the vendors in the Global Indoor Farming industries?
What are deals, incomes, and value examinations by types and utilizations of the market?
What are deals, income, and value examinations by areas of enterprises?
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Segments Covered in this report are:
Indoor Farming Type Insights: (Revenue, USD Billion; 2019–2032)
- Leafy Greens
- Herbs
- Fruits
- Microgreens
- Root Vegetables
- Mushrooms
- Others
Indoor Farming Technology Insights: (Revenue, USD Billion; 2019–2032)
- Hydroponics
- Aquaponics
- Aeroponics
- Vertical Farming
- Greenhouse Farming
- Indoor Vertical Farms
- Container Farming
Indoor Farming Component Insights: (Revenue, USD Billion; 2019–2032)
- Lighting Systems
- Climate Control Systems
- Irrigation Systems
- Sensors and Monitoring Devices
- Growing Media
- Nutrient Delivery Systems
- Climate Control Equipment
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Regional Bifurcation of the Indoor Farming market Includes:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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