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Global Plant Factory Market, By Facility Type (Greenhouses, Indoor Farms, Others), By Light (Artificial Light v/s Sunlight), By Growing System (Soil-Based, Non-Soil-Based, Hybrid), By Type (Fruits & Vegetables, Ornamental Plants & Flowers, Others), By Reg

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from $4,900 111 Pages TechSci Research October, 2022 TCSI17417687
Best Price Guarantee
Price from $4,900
Length 111 Pages
Publisher TechSci Research
Published Date October, 2022
SKU TCSI17417687

Global Plant Factory Market, By Facility Type (Greenhouses, Indoor Farms, Others), By Light (Artificial Light v/s Sunlight), By Growing System (Soil-Based, Non-Soil-Based, Hybrid), By Type (Fruits & Vegetables, Ornamental Plants & Flowers, Others), By Region, Competition Forecast & Opportunities, 2027

The global plant factory market is expected to witness robust growth during the forecast period, 2023-2027. This can be ascribed to growing need to address the food demand for the ever-increasing global population. The world population is expected to increase by about 35% reaching 9.74 billion in 2050. This, in turn, will increase the demand for various agricultural products. The increasing population having increasing food demand is creating pressure on global land resources because of lower agricultural produce, loss of biodiversity, and climate change. Climate change has significantly impacted the agricultural yields and income from agriculture to the farmers. Additionally, factors such as soil erosion have contributed towards desertification and increasing barren lands that are unfit for cultivating crops. This in turn has increased the demand for alternative farming techniques for growing fruits & vegetables, herbs, etc., thereby creating lucrative opportunities of growth for vertical farming techniques such as plant factories.

Higher Yield as Compared to Traditional Agricultural Practices

Plant factories reduce the farmer’s consumption of resources, thereby enabling this farming technique to be adopted by most cultivators, ranging from home gardeners to professional growers and supermarkets to restaurants. According to a report published by the UN, in 2018, plants grown in hydroponic systems have achieved a 20%–25% higher yield than the traditional agriculture system, with its productivity being 2–5 times higher. Additionally, within a plant factory setup fruits & vegetables are grown under controlled environmental conditions, and hence there is potentially no effect of climatic changes, hence the annual agricultural production remains unaffected. Besides, using these plant factories any crop variety can be grown throughout the year irrespective of the seasonal variation. Also, within this setup there is no damage caused to the crops due to pest attacks, birds, or other external factors. All these factors help in increasing overall yield and production, thereby driving the growth of global plant factory market.

Impact of COVID-19

The sudden outbreak and spread of pandemic COVID-19 have highlighted the importance of food safety and how the disruption in supply chain can lead to food shortages. Also, lockdowns led to the unavailability of labor to work on farmlands. Besides, due to the ban on movement, farmers were unable to sell their produce. This made growers shift to alternative farming practices, which are much more technology-driven and have lower labor dependency. The COVID-19 pandemic crisis has created long-term opportunities for the growth of advanced farming techniques such as plant factories, vertical farming, etc. This has made a lot of new startup companies enter this alternative farming techniques space and has attracted a lot of investments, funding and collaborations by major players operating in the market. For instance, in October 2020, Plenty Unlimited Inc. announced a joint development agreement with Driscoll's (US), using its indoor vertical farming to grow Driscoll's proprietary flavorful strawberries year-round.

Technological Advancements

Technological advancements are one of the major trends gaining popularity in the plant factory market. Major companies operating in the plant factory market are focused on providing continuous innovations to strengthen their market position by implementing various innovations and technologies such as LED-grown light, AI, Machine learning, dynamic resource allocation, and edge computing to optimize plant growth and increase productivity. Rising concerns on food security and shrinking arable land area demands for a new technology which can help in producing higher yields. This in turn is expected to create lucrative opportunities for the growth of plant factory market in the coming years.

Market Segmentation

The global plant factory market can be segmented by facility type, by light, by growing system, by type, and by region. Based on facility type, the market can be segmented into greenhouses, indoor farms, and others. Based on light, the market can be divided into artificial light and sunlight. Based on growing system, the market can be differentiated into soil-based, non-soil-based, hybrid. Based on type, the market can be further segmented into fruits & vegetables, ornamental plants & flowers, and others. Regionally, North America dominated the market followed by Europe, Asia Pacific, South America, and Middle East & Africa. United States dominated the global plant factory market in 2021 and is expected to continue maintaining its dominance during the forecast period. This can be attributed to the growing adoption of indoor farming techniques in the country. In 2016, there were around 41,351 indoor farms in the United States.

Market Players

Gotham Greens Farms LLC, Bowery Farming Inc., Freight Farms, Plenty Unlimited Inc., AeroFarms, LLC, BrightFarms Inc., Iron Ox, Inc, AppHarvest, Inc, Vertical Harvest Farms, Dream Harvesting Farming Company LLC, Bustanica - Emirates CropOne, Farminova (Cantek Group), Taikisha Ltd., Mirai Co. Ltd., Badia Farms are some of the leading players operating in the global plant factory market.

Report Scope:

In this report, global plant factory market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Plant Factory Market, By Facility Type:
  • Greenhouses
  • Indoor Farms
  • Others
  • Plant Factory Market, By Light:
  • Artificial Light
  • Sunlight
  • Plant Factory Market, By Growing System:
  • Soil-Based
  • Non-Soil-Base
  • Hybrid
  • Plant Factory Market, By Type:
  • Fruits & Vegetables
  • Ornamental Plants & Flowers
  • Others
  • Plant Factory Market, By Region:
  • North America
  • United States
  • Canada
  • Mexico
  • Europe
  • France
  • United Kingdom
  • Italy
  • Germany
  • Spain
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
  • South America
  • Brazil
  • Argentina
  • Colombia
  • Middle East & Africa
  • South Africa
  • UAE
  • Saudi Arabia
  • Turkey
  • Egypt
Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in global plant factory market.

Company Information
  • Detailed analysis and profiling of additional market players (up to five).
Please Note: Report will be updated with the latest data and delivered to you within 3-5 working days of order. Single User license will be delivered in PDF format without printing rights


1. Product Overview
2. Research Methodology
3. Executive Summary
4. Impact of COVID-19 on Global Plant Factory Market
5. Voice of Customer
6. Global Plant Factory Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Facility Type (Greenhouses, Indoor Farms, Others)
6.2.2. By Light (Artificial Light v/s Sunlight)
6.2.3. By Growing System (Soil-Based, Non-Soil-Based, Hybrid)
6.2.4. By Type (Fruits & Vegetables, Ornamental Plants & Flowers, Others)
6.2.5. By Region
6.2.6. By Company (2021)
6.3. Product Market Map
7. North America Plant Factory Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Facility Type
7.2.2. By Light
7.2.3. By Growing System
7.2.4. By Type
7.2.5. By Country
7.3. North America: Country Analysis
7.3.1. United States Plant Factory Market Outlook
7.3.1.1. Market Size & Forecast
7.3.1.1.1. By Value
7.3.1.2. Market Share & Forecast
7.3.1.2.1. By Facility Type
7.3.1.2.2. By Light
7.3.1.2.3. By Growing System
7.3.1.2.4. By Type
7.3.2. Canada Plant Factory Market Outlook
7.3.2.1. Market Size & Forecast
7.3.2.1.1. By Value
7.3.2.2. Market Share & Forecast
7.3.2.2.1. By Facility Type
7.3.2.2.2. By Light
7.3.2.2.3. By Growing System
7.3.2.2.4. By Type
7.3.3. Mexico Plant Factory Market Outlook
7.3.3.1. Market Size & Forecast
7.3.3.1.1. By Value
7.3.3.2. Market Share & Forecast
7.3.3.2.1. By Facility Type
7.3.3.2.2. By Light
7.3.3.2.3. By Growing System
7.3.3.2.4. By Type
8. Europe Plant Factory Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value
8.2. Market Share & Forecast
8.2.1. By Facility Type
8.2.2. By Light
8.2.3. By Growing System
8.2.4. By Type
8.2.5. By Country
8.3. Europe: Country Analysis
8.3.1. France Plant Factory Market Outlook
8.3.1.1. Market Size & Forecast
8.3.1.1.1. By Value
8.3.1.2. Market Share & Forecast
8.3.1.2.1. By Facility Type
8.3.1.2.2. By Light
8.3.1.2.3. By Growing System
8.3.1.2.4. By Type
8.3.2. United Kingdom Plant Factory Market Outlook
8.3.2.1. Market Size & Forecast
8.3.2.1.1. By Value
8.3.2.2. Market Share & Forecast
8.3.2.2.1. By Facility Type
8.3.2.2.2. By Light
8.3.2.2.3. By Growing System
8.3.2.2.4. By Type
8.3.3. Italy Plant Factory Market Outlook
8.3.3.1. Market Size & Forecast
8.3.3.1.1. By Value
8.3.3.2. Market Share & Forecast
8.3.3.2.1. By Facility Type
8.3.3.2.2. By Light
8.3.3.2.3. By Growing System
8.3.3.2.4. By Type
8.3.4. Germany Plant Factory Market Outlook
8.3.4.1. Market Size & Forecast
8.3.4.1.1. By Value
8.3.4.2. Market Share & Forecast
8.3.4.2.1. By Facility Type
8.3.4.2.2. By Light
8.3.4.2.3. By Growing System
8.3.4.2.4. By Type
8.3.5. Spain Plant Factory Market Outlook
8.3.5.1. Market Size & Forecast
8.3.5.1.1. By Value
8.3.5.2. Market Share & Forecast
8.3.5.2.1. By Facility Type
8.3.5.2.2. By Light
8.3.5.2.3. By Growing System
8.3.5.2.4. By Type
9. Asia-Pacific Plant Factory Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value
9.2. Market Share & Forecast
9.2.1. By Facility Type
9.2.2. By Light
9.2.3. By Growing System
9.2.4. By Type
9.2.5. By Country
9.3. Asia-Pacific: Country Analysis
9.3.1. China Plant Factory Market Outlook
9.3.1.1. Market Size & Forecast
9.3.1.1.1. By Value
9.3.1.2. Market Share & Forecast
9.3.1.2.1. By Facility Type
9.3.1.2.2. By Light
9.3.1.2.3. By Growing System
9.3.1.2.4. By Type
9.3.2. India Plant Factory Market Outlook
9.3.2.1. Market Size & Forecast
9.3.2.1.1. By Value
9.3.2.2. Market Share & Forecast
9.3.2.2.1. By Facility Type
9.3.2.2.2. By Light
9.3.2.2.3. By Growing System
9.3.2.2.4. By Type
9.3.3. Japan Plant Factory Market Outlook
9.3.3.1. Market Size & Forecast
9.3.3.1.1. By Value
9.3.3.2. Market Share & Forecast
9.3.3.2.1. By Facility Type
9.3.3.2.2. By Light
9.3.3.2.3. By Growing System
9.3.3.2.4. By Type
9.3.4. South Korea Plant Factory Market Outlook
9.3.4.1. Market Size & Forecast
9.3.4.1.1. By Value
9.3.4.2. Market Share & Forecast
9.3.4.2.1. By Facility Type
9.3.4.2.2. By Light
9.3.4.2.3. By Growing System
9.3.4.2.4. By Type
9.3.5. Australia Plant Factory Market Outlook
9.3.5.1. Market Size & Forecast
9.3.5.1.1. By Value
9.3.5.2. Market Share & Forecast
9.3.5.2.1. By Facility Type
9.3.5.2.2. By Light
9.3.5.2.3. By Growing System
9.3.5.2.4. By Type
10. South America Plant Factory Market Outlook
10.1. Market Size & Forecast
10.1.1. By Value
10.2. Market Share & Forecast
10.2.1. By Facility Type
10.2.2. By Light
10.2.3. By Growing System
10.2.4. By Type
10.2.5. By Country
10.3. South America: Country Analysis
10.3.1. Brazil Plant Factory Market Outlook
10.3.1.1. Market Size & Forecast
10.3.1.1.1. By Value
10.3.1.2. Market Share & Forecast
10.3.1.2.1. By Facility Type
10.3.1.2.2. By Light
10.3.1.2.3. By Growing System
10.3.1.2.4. By Type
10.3.2. Argentina Plant Factory Market Outlook
10.3.2.1. Market Size & Forecast
10.3.2.1.1. By Value
10.3.2.2. Market Share & Forecast
10.3.2.2.1. By Facility Type
10.3.2.2.2. By Light
10.3.2.2.3. By Growing System
10.3.2.2.4. By Type
10.3.3. Colombia Plant Factory Market Outlook
10.3.3.1. Market Size & Forecast
10.3.3.1.1. By Value
10.3.3.2. Market Share & Forecast
10.3.3.2.1. By Facility Type
10.3.3.2.2. By Light
10.3.3.2.3. By Growing System
10.3.3.2.4. By Type
11. Middle East and Africa Plant Factory Market Outlook
11.1. Market Size & Forecast
11.1.1. By Value
11.2. Market Share & Forecast
11.2.1. By Facility Type
11.2.2. By Light
11.2.3. By Growing System
11.2.4. By Type
11.2.5. By Country
11.3. MEA: Country Analysis
11.3.1. South Africa Plant Factory Market Outlook
11.3.1.1. Market Size & Forecast
11.3.1.1.1. By Value
11.3.1.2. Market Share & Forecast
11.3.1.2.1. By Facility Type
11.3.1.2.2. By Light
11.3.1.2.3. By Growing System
11.3.1.2.4. By Type
11.3.2. UAE Plant Factory Market Outlook
11.3.2.1. Market Size & Forecast
11.3.2.1.1. By Value
11.3.2.2. Market Share & Forecast
11.3.2.2.1. By Facility Type
11.3.2.2.2. By Light
11.3.2.2.3. By Growing System
11.3.2.2.4. By Type
11.3.3. Saudi Arabia Plant Factory Market Outlook
11.3.3.1. Market Size & Forecast
11.3.3.1.1. By Value
11.3.3.2. Market Share & Forecast
11.3.3.2.1. By Facility Type
11.3.3.2.2. By Light
11.3.3.2.3. By Growing System
11.3.3.2.4. By Type
11.3.4. Turkey Plant Factory Market Outlook
11.3.4.1. Market Size & Forecast
11.3.4.1.1. By Value
11.3.4.2. Market Share & Forecast
11.3.4.2.1. By Facility Type
11.3.4.2.2. By Light
11.3.4.2.3. By Growing System
11.3.4.2.4. By Type
11.3.5. Egypt Plant Factory Market Outlook
11.3.5.1. Market Size & Forecast
11.3.5.1.1. By Value
11.3.5.2. Market Share & Forecast
11.3.5.2.1. By Facility Type
11.3.5.2.2. By Light
11.3.5.2.3. By Growing System
11.3.5.2.4. By Type
12. Market Dynamics
12.1. Drivers
12.2. Challenges
13. Market Trends & Developments
14. Competitive Landscape (Inclusive of SWOT Analysis)
14.1. Gotham Greens Farms LLC
14.2. Bowery Farming Inc.
14.3. Freight Farms
14.4. Plenty Unlimited Inc.
14.5. AeroFarms, LLC
14.6. BrightFarms Inc.
14.7. Iron Ox, Inc
14.8. AppHarvest, Inc
14.9. Vertical Harvest Farms
14.10. Dream Harvesting Farming Company LLC
14.11. Bustanica - Emirates CropOne
14.12. Farminova (Cantek Group)
14.13. Taikisha Ltd.
14.14. Mirai Co. Ltd.
14.15. Badia Farms
15. Strategic Recommendations

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