Current Industry Research Report Titled On:- “Global Indoor Farming Market Growth – Segmented by Growing System, Facility Type, Crop Type, and Geography- Growth, Trends, and Forecast (2018 – 2023)“
“Indoor Farming Market” Report Provides detailed summary of Company Competition, Market demand, Regional Forecast, Marketing & Price and also New investment feasibility analysis is included of Indoor Farming Market in global region. The Global Indoor Farming Market is anticipated to register a CAGR of 14.4% over the forecast period of (2018 – 2023).
Indoor Farming Market Competitive Analysis: The existence of large, small, and local vendors in the market creates high competition. Following are the Leading Manufacturers –
- Aerofarms Bowery Farming Contain Inc. Freshbox Farms Garden Fresh Farms Indoor Farms of America Metropolis Farms Philips Lighting
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Indoor Farming Market Segment by Regions, regional analysis covers
- North America (USA, Canada and Mexico)
- Europe (Germany, France, UK, Russia and Italy)
- Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
- South America, Middle East and Africa
Overview of TOC, what it will contains in Research Report ? –
- Overview of Indoor Farming Market,
- Competitions by (Types, Applications, Players),
- Imports/Exports Market Analysis,
- Players Profiles and Sales Data,
- Production Market Analysis by Regions,
- Sales Market Analysis by Region,
- Indoor Farming Market Forecast (2018-2023),
- And More…..
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The global indoor farming market was valued at USD 435.8 million in 2016 and is expected to register a CAGR of 14.4% during the forecast period (2018-2023). Europe is the biggest and the leading region having maximum area under indoor farming. North America and Europe have developed advanced technologies with respect to indoor farming, while the Asia Pacific region has seen keen investor interest develop the market potential of the region.
Countries in Europe such as France, Italy, Germany, Netherlands and the UK are at the forefront in implementation of indoor farming technologies. Increasing awareness of the benefits and demand for food is expected to drive the establishment of indoor farms in regions such as Asia Pacific and South America.
Hydroponics – Largest Segment by Growing System
Indoor farming is being practiced, both at a small scale as well as at a large scale. The market is segmented by growing system, facility type, crop type and geography. The market has been segmented by growing systems as Aeroponics, Hydroponics, Aquaponics, Soil-based, and Hybrid Systems. By facility type, the segments include Glass or Poly Greenhouses, Indoor Vertical Farms, Container Farms, Indoor Deep Water Culture System and others. By crop type, the market is segmented into fruits & vegetables, herbs & micro greens, flowers & ornamentals and others. Growing system helps in avoiding the food loss due to external environment issues. Hydroponics accounts for the highest usage in indoor farming with market share of 49% where as aeroponics and hybrid growing system are less used with 6%.
Increasing Need for Maximizing Yield Driving the Indoor Farming Market
Indoor farming grows crops indoors, using hydroponic tools and artificial lights which provide the required elements for the plants growth, protects them from abiotic and biotic stresses. Due to the minute impact of climatic conditions, the harvest cycle is also faster compared to outdoor farming and four harvests cycles can be taken every year. Due to all these factors, the annual yield of the crops in indoor farming is substantially high, when compared to outdoor farming. The need for maximizing yields across crops and geographies to satisfy the growing population and changing dietary preferences is expected to drive investments into indoor farming technologies.
Limitation on Type of Crops That Can Be Grown
The selection of crop to be grown through indoor farming depends on technical and economic feasibility. Technical feasibility takes into account the ability of the crop to absorb nutrients from media other than soil, height of the crop with respect to the indoor farm size, spacing and other planting parameters, light requirement, among other factors. The crop should also be able to have a yield output that justifies the huge initial investment made. The most feasible crops for indoor farms from a technical and economic perspective are greens, herbs/micro greens, flowers and other crops. The other crops include food supplements and ethnic food.
Order a Copy Of Indoor Farming Market Report – https://www.360marketupdates.com/purchase/12887713
Reasons to Purchase Indoor Farming Market Report:
- The report analyses how the stringent emission control norms will drive the global Indoor Farming market.
- Analysing various perspectives of the market with the help of Porter’s five forces analysis.
- Study on the product type that is expected to dominate the market.
- Study on the regions that are expected to witness fastest growth during the forecast period.
- Identify the latest developments, market shares and strategies employed by the major market players.
- 3 months’ analyst support along with the Market Estimate sheet (in excel).
“We also can offer customized report to fulfill special requirements of our clients. Regional and Countries report can be provided as well.”
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