Report ID: SQMIG30H2162
Report ID:
SQMIG30H2162 |
Region:
Global |
Published Date: November, 2024
Pages:
177
|
Tables:
90 |
Figures:
71
Europe is dominating the global indoor farming market due to a strong focus on sustainability, advanced agricultural technologies, and supportive government policies. European countries are leaders in adopting energy-efficient farming practices, such as vertical farming and greenhouse systems, driven by environmental concerns and the need to reduce carbon footprints. Additionally, Europe’s commitment to food security, coupled with urbanization and limited arable land, is fueling the growth of indoor farming solutions. The region is also advantaged by considerable input in agricultural innovation, as both public and private sectors are advocating for advanced and efficient technologies that improve crop yields, thus reinforcing Europe’s dominant market position.
Asia is the fastest-growing region in the global indoor farming market due to rapid urbanization, rising population, and increasing demand for food security. The decreasing amount of cultivable land and adverse climatic conditions such as insufficient water supply are pushing the usage of advanced farming techniques including but not limited to vertical and hydroponic farming. Countries such as Japan, China and Singapore have made considerable investments in technology to maximize food production in record time. Also, the encouragement from authorities and the emphasis on food production without harming the environment are contributing to the expedited development of global indoor farming market. Therefore, Asian region has a significant role to play in the advancement and adoption of productive highly intensive agriculture in modern times.
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Report ID: SQMIG30H2162