(MENAFN- iCrowdNewsWire)According to latest report by IMARC Group, titled “Indoor Farming Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global indoor farming market size grew at a CAGR of around 12% during 2015-2020. Looking forward, IMARC expects the global indoor farming market to continue its strong growth during 2021-2026. Indoor farming is one of the modern agriculture method for growing crops in a protected environment. The market is increasing due to the rising population across the globe with a consequent demand for building secure and consistent food supplies. Due to the dwindling vacancy of arable land and water for conventional agriculture, there is a surging demand of indoor farming as it is feasibly located closer to the end consumption.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviors of the consumers globally–our estimates about the latest market trends and forecast values after considering the impact of this pandemic. These observations will be integrated into the report.
Request for a free sample copy of this report:
Market Trends:
The global scarcity of land for farming is one of the primary factors catalyzing the market for indoor farming. Explosive population and rising urbanization have directed the farmers to open indoor facilities closer to urban areas for creating a local, stable, and sustainable year-round food supply. Moreover, the increasing instances of natural calamities across the globe have raised concerns over food security, thereby augmenting the adoption of indoor agriculture to the affected nations. Furthermore, the rising integration of advanced technology in farming sensors, monitoring, and regulating devices in every cultivation aspect has further propelled the growth of the market. Additionally, the growing adoption of indoor farming techniques for producing organic fruits and vegetables will continue to drive the market growth in the coming years.
Buy full report with table of contents:
Key Market Segmentation:
C ompetitive Landscape with Key Player:
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 Voeks Inc. 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 Market Breakup by Region:
Asia Pacific Europe North America Middle East and Africa Latin America Key Highlights of the Report:
Market Performance (2015-2020) Market Outlook (2021- 2026) Porter’s Five Forces Analysis Market Drivers and Success Factors SWOT Analysis Value Chain Comprehensive Mapping of the Competitive Landscape If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
Related Report:
- Automotive Dyno Market:
- Security Screening Systems Market:
- High-Performance Alloys Market:
- Europe Hot Sauce Market:
- Marine Grease Market:
- 5G Services Market:
- Nanomedicine Market :
- Conductive Polymers Market:
- Smart Demand Response Market:
- Gas Detection Equipment Market:
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Related Post
| Agricultural Robots Market Report 2021-2026, Industry Growth, Share, Size, Demand and Future Scope | imarcgroup |
| Subscription Box Market 2021: Global Size, Value, Growth, Research, Trends and Forecast till 2026 |
| Building Information Modeling Market Report 2021; Industry Scope, Drivers, Key Players, Revenue Growth and Competitive Outlook by 2026 |
| Digital Marketing Software Market Report 2021 | Industry Analysis, Size, Share, Trends and Forecast 2026 |
| Inkjet Printers Market Growth, Outlook, Demand, Key Player Analysis, Share and Forecast 2021 to 2026 |
MENAFN22072021003318003403ID1102494940
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.