The research report studies the Indoor Farming market using different methodologies and analyses to offer accurate and in-depth information about the market. For a clearer understanding, it is allocated into several parts to cover different aspects of the market. Each area is then elaborated to help the reader comprehend the growth potential of each region and its contribution to the global market.
According to our latest research, the global Indoor Farming market size is estimated to be USD 117,214 million in 2027 from USD 59,526 million in 2019. The global Indoor Farming market size is expected to grow at a CAGR of 9.7% for the next five years.
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Indoor Farming Market Scope and Size
The Indoor Farming market is segmented on the basis of Facility Type, Growing System, Crop Type. The progress among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target industries.
- Based on Facility Type: Indoor Vertical Farms, Glass or Poly Greenhouses, Other Facility Types.
- Based on Growing System: Hydroponics, Aeroponics, Aquaponics, Soil-based, Hybrid.
- Based on Crop Type: Fruits & Vegetables, Herbs and Microgreens, Flowers and Ornamentals, Other Crop Types.
The global Indoor Farming market report offers geographic analysis covering regions, such as North America, Europe, Asia-Pacific, and the Rest of the World. The Indoor Farming market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa.
The industry is fragmented in nature owing to the presence of many regional players. Big players in the industry are acquiring start-ups and small players to gain a considerable share. Agricultural equipment manufacturers are developing telematics systems, owing to increasing awareness of precision agriculture among farmers.
The researchers have used primary and secondary methodologies to collate the information in the report. They have also used the same data to generate the current market scenario. This report is aimed at guiding people towards an apprehensive, better, and clearer knowledge of the market.
What Strategies are the Key Vendors Adopting for Growing their Share in the Indoor Farming Market?
The classification of competition in the Indoor Farming market is collapsed and there is a presence of a large number of vendors in the market. Different companies hold competitive and ever-evolving strategies to succeed in the market and stay ahead of other industries.
The ever-rising demand inspires them to be innovative and economical to stand out from the rivalry and make themselves different from the competition.
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COVID-19 Impact Analysis
- The COVID-19 pandemic had a significant impact on the on-trade segment and Industry.
- Manufacturers are understanding strategies to revive from the current situation by means of reshaping their sales channels as well as product innovation and so on.
- The duration of the virus outbreak remains a key factor in assessing the overall impact of the pandemic. However, the global Indoor Farming industry is expected to stabilize after 2021 year.
Report Scope:
The global Indoor Farming market report scope includes a detailed study covering underlying factors influencing the industry trends. The report covers a study on regional and country-wise market dynamics. The scope of the industry also covers a competitive overview providing company market shares along with company profiles for major revenue contributing firms.
The report scope includes a detailed competitive outlook covering market shares and profiles of key participants in the global Indoor Farming market share.
Major industry vendors with significant revenue share include: AeroFarms, Gotham Greens, Green Spirit Living Farm, Sky Greens, Lufa Farms, Inc., Green Sense Farms Holdings, Inc., MIRAI, Sky Vegetables, TruLeaf, infarm, Bowery Farming, Inc., PLENTY UNLIMITED INC., BrightFarms Inc., Crop One, SCATIL Fucher Farm, Metropolis Farms Canada, SPREAD Co., Ltd., Vertical Harvest, Infinite Harvest, Metropolitan Farms, Sundrop Farms Ltd., and Alegria Fresh.
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Strong Reasons to Purchase this Custom Report:
- Comprehensive analysis of the market growth drivers, key Restraints, obstacles, opportunities, and other related challenges.
- Tracks the developments, such as new product launches, agreements, mergers and acquisitions, geographical expansions, and joint ventures with top firms.
- Identifies market key restraints and boosters to help grow the market.
- Identifies all the possible segments present in the industry to aid organizations in strategic business planning in the future.
Table of Contents of the Report:
Chapter 3 Indoor Farming Market Insights
3.1 Industry Segmentation
3.2 Industry Landscape, 2017 – 2029
3.3 Industry Impact Forces
3.3.1 Growth Drivers
3.3.2 Industry Drawbacks & Challenges
3.4 Growth Potential Analysis
3.4.1 By Facility Type
3.4.2 By Growing System
3.4.3 By Crop Type
3.5 COVID-19 Impact Analysis
3.6 Regulatory Landscape
3.7 Porter’s Analysis
3.8 Competitive Landscape, 2021
3.9 PESTEL Analysis
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