Indoor Farming Market Size, Share & Trends Analysis Report By Facility Type (Greenhouses, Vertical Farms), By Component (Hardware, Software), By Crop Category, By Region, And Segment Forecasts, 2022 - 2030
Indoor Farming Market Growth & Trends
The global indoor farming market size is estimated to reach USD 122.3 billion by 2030, exhibiting a CAGR of 13.5% from 2022 to 2030, according to the new report conducted by Grand View Research, Inc. The increasing demand for food owing to the rising population is expected to drive the growth. Factors such as declining water supply, urbanization, and climate change have contributed to the loss of arable land. This, in turn, is driving demand for indoor farms to produce food. In addition, challenges, such as rising global temperature and extreme weather conditions, act as a barrier to the traditional farming technique. The European Environment Agency (EEA) has carried out several initiatives to build vertical farms to overcome these challenges and produce food in an eco-friendly way.
Indoor farming increases the crop yield and reduces the farming impact on the environment by reducing the distance traveled in the supply chain. It reduces the need for the land space required to grow plants compared to traditional farming methods by using growing shelves mounted vertically. Rising consumer awareness regarding the consumption of healthy and fresh food is anticipated to positively influence the market for indoor farming during the forecast period. Furthermore, the use of technology, such as LED indoor farming, to create nature-like conditions will help farmers meet the expected demand for food supply in the near future.
Europe dominated the market in 2021 and is anticipated to remain dominant over the forecast period, owing to the continuous adoption of advanced technologies such as LED lighting, and controlled environment agriculture. Asia Pacific is expected to exhibit the fastest CAGR from 2022 to 2030, owing to the increasing indoor farms in countries such as China and Japan. Increasing adoption of greenhouses and vertical farms is expected to support regional growth. In addition, the rising demand for pesticide-free, fresh vegetables and fruits is expected to fuel the regional market growth.
Indoor Farming Market Report Highlights
- The greenhouses segment dominated the market in terms of revenue in 2021, as these facilities produce higher yields. Greenhouses offer a stable and highly controlled environment for the cultivation of flowers, vegetables, and fruits
- The fruits, vegetables, and herbs segment is estimated to register the fastest CAGR over the forecast period, owing to the increasing food consumption along with growing consumer awareness regarding the importance of healthy eating, especially in regions such as Europe and Asia Pacific
- The climate control systems segment is projected to expand at the highest CAGR during the forecast period, as crop development can be controlled by adjusting and monitoring the concentration of minerals
- Chapter 1 Methodology and Scope
- 1.1 Market Segmentation
- 1.2 Market Definition
- 1.3 Research Methodology
- 1.4 Research Scope and Assumptions
- 1.5 Research Methodology
- 1.6 List to Data Sources
- Chapter 2 Executive Summary
- 2.1 Indoor Farming - Industry Snapshot & Key Buying Criteria, 2017 - 2030
- 2.1.1 Indoor Farming Market - Revenue
- 2.2 Segmental Outlook
- 2.2.1 Facility Type
- 2.2.1.1 Greenhouse
- 2.2.1.2 Vertical farms
- 2.2.1.3 Others
- 2.2.2 Component
- 2.2.2.1 Hardware
- 2.2.2.2 Software
- 2.2.3 Crop Category
- 2.2.3.1 Fruits, Vegetables, & Herbs
- 2.2.3.2 Flowers & Ornamentals
- Chapter 3 Industry Outlook
- 3.1 Indoor Farming Market Size and Growth Prospects
- 3.2 Indoor Farming-Value Chain Analysis
- 3.3 Indoor Farming Market Dynamics
- 3.3.1 Market Driver Analysis
- 3.3.1.1 Reduction in Per Capita Arable Land
- 3.3.1.2 Increasing demand for organic food
- 3.3.1.3 High yield associated with indoor farming techniques and advancements in the technologies
- 3.3.1.4 Growing government support for the adoption of modern agricultural methods
- 3.3.2 Market Restraint Analysis
- 3.3.2.1 Higher initial investments
- 3.3.2.2 High cost of maintenance
- 3.3.3 Market Opportunity Analysis
- 3.3.3.1 Production of biopharmaceutical products
- 3.3.3.2 Growing adoption of vertical farming in emerging economies
- 3.3.3.3 Positive environmental impact of indoor farming
- 3.3.3.4 Development of innovative technologies
- 3.4 Indoor Farming Market Analysis - Porter’s
- 3.5 Indoor Farming Market Analysis - PEST
- 3.6 Major Deals & Strategic Alliances Analysis
- 3.6.1 Partnership & Collaborations
- 3.6.2 Product Development
- 3.7 Indoor Farming Market: COVID-19 Impact
- 3.8 Technology trends in vertical farming
- 3.8.1 Artificial intelligence in vertical farming
- 3.8.2 Robotics, automation, and data processing in vertical farming
- 3.8.3 Lighting and sensor technology advancements
- 3.8.4 Use of renewable energy
- 3.9 Estimated Number of Vertical Farms and Greenhouses to be Built (2022 - 2030)
- 3.9.1 U.S. Estimated number of vertical farms to be built (2022 - 2030) in acres
- 3.9.2 U.S. Estimated number of greenhouses to be built (2022 - 2030) in acres
- 3.9.3 Canada estimated number of vertical farms to be built (2022 - 2030) in acres
- 3.9.4 Canada estimated number of greenhouses to be built (2022 - 2030) in acres
- 3.10 Average Breakdown of Capital Expenditure and Operating Expenditure for Vertical Farms and Greenhouses in 2020
- 3.10.1 Use case analysis of greenhouse in a Canadian province to evaluate the capital and operational expenditure (CAPEX and OPEX)
- 3.10.2 CAPEX and OPEX analysis of different types of vertical farms
- 3.11 Vertical Farming Market Trends for:
- 3.11.1. Growth Pods
- 3.11.2. Container Farms
- 3.11.2.1. Global Estimated Number of Container Farms (2021)
- 3.12 Vertical Farming Market- CO2 Analysis
- 3.12.1. Current issues using CO2
- 3.12.2. Average CO2 container needs and spending
- 3.12.3. Average amount of CO2 used in an indoor farm
- 3.13 Number of Indoor Farming Facilities
- 3.13.1 Number of Indoor Farming Facilities, 2021 & 2030
- 3.13.2 Number of greenhouse vs vertical farms, 2021
- 3.13.3 Indoor Farming Facilities By Country, 2021
- 3.14 Global Indoor Farming Market: Megatrends
- 3.15 Impact of Agricultural Technology (AgTech) on Indoor Farming
- 3.16 Regional Trends in Indoor farming
- 3.16.1 North America
- 3.16.2 Europe
- 3.16.3 Asia Pacific
- 3.16.4 South America
- 3.16.5 Middle East & Africa
- Chapter 4 Indoor Farming Sensors: Qualitative Analysis
- 4.1 Sensors Indoor Farming Market by Region, 2017 - 2030 (Volume in Million Units)
- 4.2 Wired Sensors Indoor Farming Market by Region, 2017 - 2030 (Volume in Million Units)
- 4.3 Wireless Sensors Indoor Farming Market by Region, 2017 - 2030 (Volume in Million Units)
- 4.4 Percentage of IoT Solution in Indoor Farming Sensors, 2021
- 4.5 Additional Datapoints
- 4.5.1 Global indoor farming market: wireless module (%), 2021
- 4.5.2 Global indoor farming market: type of sensing devices (%), 2021
- Chapter 5 Indoor Farming Sensors Market by Shipment/Volume
- 5.1 Importance of Technology in Agriculture
- 5.2 Indoor Farming Sensors
- 5.2.1 Network technologies used in agricultural IoT
- 5.2.2 Types of physical sensors and their usage in indoor farming
- 5.2.3 Use of network protocols in different agriculture scenarios (%)
- 5.2.4 System requirement of the wireless sensor network (WSN)
- 5.2.5 Communication distance and power consumption of different wireless sensor technologies
- 5.2.6 Wireless routing protocol schemes for agricultural applications
- Chapter 6 Facility Type Estimates & Trend Analysis
- 6.1 Indoor Farming Market: Facility Type Movement Analysis
- 6.1.1 Greenhouses
- 6.1.2 Vertical Farms
- 6.1.2.1 Shipping Container
- 6.1.2.2 Building-based
- 6.1.3 Others
- Chapter 7 Component Estimates & Trend Analysis
- 7.1 Indoor Farming Market: Component Movement Analysis
- 7.1.1 Hardware
- 7.1.1.1 Climate Control Systems
- 7.1.1.2 Lighting Systems
- 7.1.1.3 Sensors
- 7.1.1.4 Irrigation Systems
- 7.1.2 Software
- 7.1.2.1 Web-Based
- 7.1.2.2 Cloud-Based
- Chapter 8 Crop Category Estimates & Trend Analysis
- 8.1 Indoor Farming Market: Crop Category Movement Analysis
- 8.1.1 Fruits Vegetables, & Herbs
- 8.1.1.1 Tomato
- 8.1.1.2 Lettuce
- 8.1.1.3 Bell & Chili Peppers
- 8.1.1.4 Strawberry
- 8.1.1.5 Cucumber
- 8.1.1.6 Leafy Greens (excluding lettuce)
- 8.1.1.7 Herbs
- 8.1.1.8 Others
- 8.1.2 Flowers & Ornamentals
- 8.1.2.1 Perennials
- 8.1.2.2 Annuals
- 8.1.2.3 Ornamentals
- 8.1.3 Others
- Chapter 9 Regional Estimates & Trend Analysis
- 9.1 Indoor Farming Market Share By Region, 2021 & 2030
- 9.2 North America
- 9.2.1 Facility Type
- 9.2.1.1 Greenhouse
- 9.2.1.2 Vertical farms
- 9.2.1.3 Other
- 9.2.2 Component
- 9.2.2.1 Hardware
- 9.2.2.2 Software
- 9.2.3 Crop Category
- 9.2.3.1 Fruits, Vegetables, & Herbs
- 9.2.3.2 Flowers & Ornamentals
- 9.2.3.3 Others
- 9.2.4 U.S.
- 9.2.5 Facility Type
- 9.2.5.1 Greenhouse
- 9.2.5.2 Vertical farms
- 9.2.5.3 Other
- 9.2.6 Component
- 9.2.6.1 Hardware
- 9.2.6.2 software
- 9.2.7 Crop Category
- 9.2.9.1 Fruits, Vegetables, & Herbs
- 9.2.9.2 Flowers & Ornamentals
- 9.2.8 Canada
- 9.2.9 Facility Type
- 9.2.9.1 Greenhouse
- 9.2.9.2 Vertical farms
- 9.2.9.3 Other
- 9.2.10 Component
- 9.2.10.1 Hardware
- 9.2.10.2 software
- 9.2.11 Crop Category
- 9.2.11.1 Fruits, Vegetables, & Herbs
- 9.2.11.2 Flowers & Ornamentals
- 9.2.11.3 Other
- 9.2.12 Mexico
- 9.2.13 Facility Type
- 9.2.13.1 Greenhouse
- 9.2.13.2 Vertical farms
- 9.2.13.3 Other
- 9.2.14 Component
- 9.2.14.1 Hardware
- 9.2.14.2 software
- 9.2.15 Crop Category
- 9.2.15.1 Fruits, Vegetables, & Herbs
- 9.2.15.2 Flowers & Ornamentals
- 9.2.15.3 Other
- 9.3 Europe
- 9.3.1 Facility Type
- 9.3.1.1 Greenhouse
- 9.3.1.2 Vertical farms
- 9.3.1.3 Other
- 9.3.2 Component
- 9.3.2.1 Hardware
- 9.3.2.2 Software
- 9.3.3 Crop Category
- 9.3.3.1 Fruits, Vegetables, & Herbs
- 9.3.3.2 Flowers & Ornamentals
- 9.3.3.3 Others
- 9.3.4 U.K.
- 9.3.5 Facility Type
- 9.3.5.1 Greenhouse
- 9.3.5.2 Vertical farms
- 9.3.5.3 Other
- 9.3.6 Component
- 9.3.6.1 Hardware
- 9.3.6.2 software
- 9.3.7 Crop Category
- 9.3.7.1 Fruits, Vegetables, & Herbs
- 9.3.7.2 Flowers & Ornamentals
- 9.3.8 Germany
- 9.3.9 Facility Type
- 9.3.9.1 Greenhouse
- 9.3.9.2 Vertical farms
- 9.3.9.3 Other
- 9.3.10 Component
- 9.3.10.1 Hardware
- 9.3.10.2 software
- 9.3.11 Crop Category
- 9.3.11.1 Fruits, Vegetables, & Herbs
- 9.3.11.2 Flowers & Ornamentals
- 9.3.12 France
- 9.3.13 Facility Type
- 9.3.13.1 Greenhouse
- 9.3.13.2 Vertical farms
- 9.3.13.3 Other
- 9.3.14 Component
- 9.3.14.1 Hardware
- 9.3.14.2 software
- 9.3.15 Crop Category
- 9.3.15.1 Fruits, Vegetables, & Herbs
- 9.3.15.2 Flowers & Ornamentals
- 9.3.16 Spain
- 9.3.17 Facility Type
- 9.3.17.1 Greenhouse
- 9.3.17.2 Vertical farms
- 9.3.17.3 Other
- 9.3.18 Component
- 9.3.18.1 Hardware
- 9.3.18.2 software
- 9.3.19 Crop Category
- 9.3.19.1 Fruits, Vegetables, & Herbs
- 9.3.19.2 Flowers & Ornamentals
- 9.4 Asia Pacific
- 9.4.1 Facility Type
- 9.4.1.1 Greenhouse
- 9.4.1.2 Vertical farms
- 9.4.1.3 Other
- 9.4.2 Component
- 9.4.2.1 Hardware
- 9.4.2.2 Software
- 9.4.3 Crop Category
- 9.4.3.1 Fruits, Vegetables, & Herbs
- 9.4.3.2 Flowers & Ornamentals
- 9.4.4 China
- 9.4.5 Facility Type
- 9.4.5.1 Greenhouse
- 9.4.5.2 Vertical farms
- 9.4.5.3 Other
- 9.4.6 Component
- 9.4.6.1 Hardware
- 9.4.6.2 software
- 9.4.7 Crop Category
- 9.4.7.1 Fruits, Vegetables, & Herbs
- 9.4.7.2 Flowers & Ornamentals
- 9.4.8 Japan
- 9.4.9 Facility Type
- 9.4.9.1 Greenhouse
- 9.4.9.2 Vertical farms
- 9.4.9.3 Other
- 9.4.10 Component
- 9.4.10.1 Hardware
- 9.4.10.2 software
- 9.4.11 Crop Category
- 9.4.11.1 Fruits, Vegetables, & Herbs
- 9.4.11.2 Flowers & Ornamentals
- 9.4.12 India
- 9.4.13 Facility Type
- 9.4.13.1 Greenhouse
- 9.4.13.2 Vertical farms
- 9.4.13.3 Other
- 9.4.14 Component
- 9.4.14.1 Hardware
- 9.4.14.2 software
- 9.4.15 Crop Category
- 9.4.15.1 Fruits, Vegetables, & Herbs
- 9.4.15.2 Flowers & Ornamentals
- 9.5 South America
- 9.5.1 Facility Type
- 9.5.1.1 Greenhouse
- 9.5.1.2 Vertical farms
- 9.5.1.3 Other
- 9.5.2 Component
- 9.5.2.1 Hardware
- 9.5.2.2 Software
- 9.5.3 Crop Category
- 9.5.3.1 Fruits, Vegetables, & Herbs
- 9.5.3.2 Flowers & Ornamentals
- 9.5.4 Brazil
- 9.5.5 Facility Type
- 9.5.5.1 Greenhouse
- 9.5.5.2 Vertical farms
- 9.5.5.3 Other
- 9.5.6 Component
- 9.5.6.1 Hardware
- 9.5.6.2 software
- 9.5.7 Crop Category
- 9.5.7.1 Fruits, Vegetables, & Herbs
- 9.5.7.2 Flowers & Ornamentals
- 9.6 MEA
- 9.6.1 Facility Type
- 9.6.1.1 Greenhouse
- 9.6.1.2 Vertical farms
- 9.6.1.3 Other
- 9.6.2 Component
- 9.6.2.1 Hardware
- 9.6.2.2 Software
- 9.6.3 Crop Category
- 9.6.3.1 Fruits, Vegetables, & Herbs
- 9.6.3.2 Flowers & Ornamentals
- Chapter 10 Competitive Analysis
- 10.1 Recent Developments & Impact Analysis, By Key Market Participants
- 10.2 Company/Competition Categorization (Key Innovators, Market Leaders, Emerging Players)
- 10.3 Vendor Landscape
- 10.3.1 Key company market share analysis, 2021
- 10.4 Company Analysis Tools
- 10.4.1 market position analysis
- 10.4.2 Competitive Dashboard Analysis
- Chapter 11 Competitive Landscape
- 11.1 Argus Control System Limited
- 11.1.1 Company overview
- 11.1.2 Product benchmarking
- 11.1.3 Recent developments
- 11.2 Certhon
- 11.2.1 Company overview
- 11.2.2 Product benchmarking
- 11.2.3 Projects Undertaken
- 11.2.4 Recent developments
- 11.3 General Hydroponics (Hawthorne Gardening Company)
- 11.3.1 Company overview
- 11.3.2 Product benchmarking
- 11.4 Hydrodynamics International
- 11.4.1 Company overview
- 11.4.2 Product benchmarking
- 11.5 Illumitex
- 11.5.1 Company overview
- 11.5.2 Product benchmarking
- 11.5.3 Recent developments
- 11.6 LumiGrow Inc.
- 11.6.1 Company overview
- 11.6.2 Product benchmarking
- 11.6.3 Recent developments
- 11.7 Netafim
- 11.7.1 Company overview
- 11.7.2 Product benchmarking
- 11.8 PRIVA
- 11.8.1 Company overview
- 11.8.2 Product benchmarking
- 11.9 Richel Group
- 11.9.1 Company overview
- 11.9.2 Product benchmarking
- 11.10 Vertical Farm Systems
- 11.10.1 Company overview
- 11.10.2 Product benchmarking
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