Global Indoor Farming Market

Indoor Farming Market Size, Share, Growth Analysis, By Facility Type (Greenhouses, Vertical Farms), By Component (Hardware, Software), By Growing Mechanism (Aeroponics, Hydroponics), By Region -Industry Forecast 2025-2032

Report ID: SQMIG30H2162 | Region: Global | Published Date: November, 2024
Pages: 177 | Tables: 90 | Figures: 71

Indoor Farming Market News

  • In October 2024, Plenty, a company specializing in indoor farming that is headquartered in the USA, with great pleasure announced the opening of its new vertical farm in California. This high-tech greenhouse employs cutting-edge artificial intelligence as well as other systems to help maximise production whilst minimizing resource consumption. The establishment will greatly enhance local food availability.
  • In September 2024, Aerofarms has recently announced its partnership with one of the most popular supermarket chains to distribute its organic vegetables to the cities in the United States. Such a collaboration emphasizes the need for fresh and sustainable food and therefore places Aerofarms in the center of urban food production.
  • In July 2024, Signify, an international leader in LED lighting, introduced new energy-efficient grow lights for indoor farms. The lights are intended to increase crop quality and quantity at a lower energy cost. The new development is anticipated to facilitate the growth of vertical farming in different parts of the world.
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Indoor Farming Market size was valued at USD 38.61 Billion in 2023 and is poised to grow from USD 43.59 Billion in 2024 to USD 115.07 Billion by 2032, growing at a CAGR of 12.9% during the forecast period (2025-2032).

The competitive landscape of the global indoor farming market is primarily steered by innovations and developments with all the players striving to increase crop yield as well as sustainability. Players such as Infarm, Plenty, Aerofarms, and Gotham Greens are at the forefront of developing advanced vertical farming and hydroponic systems. Furthermore, Signify, which is known for its LED lighting solutions, RDI, which provides automation systems, are keen for indoor farming too, raising the level of competition in the market. 'Infarm (Germany)', 'Plenty (USA)', 'Aerofarms (USA)', 'Gotham Greens (USA)', 'Sky Greens (Singapore)', 'Lufa Farms (Canada)', 'Farm8 (South Korea)', 'Urban Crop Solutions (Belgium)', 'Agrilution (Germany)', 'Inno-3B (Canada)', 'Verdant Robotics (USA)', 'Royal Philips (Netherlands)', 'Signify (Netherlands)', 'Seedo (Israel)', 'Sundrop Farms (Australia)'

Cutting-edge technologies such LED lamps, automation and AI backed monitoring systems are changing the face of the indoor farming industry on a global scale. These machines optimize resource use, facilitate higher yields as well as mild environmental command. Further developments in the field of technology improve the size and eco-friendliness of the indoor farms, making the market more aggressive.

Rise of Automation in Indoor Farming: The evolution of indoor farming comes with the adoption of innovative techniques such as robotic harvesting and climate control systems known as automation technologies. These technologies facilitate operations and reduce costs in labor, while at the same time, improving the management of crops, which increases the scalability and efficiency of food production in any market all over the world.

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.

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Global Indoor Farming Market

Report ID: SQMIG30H2162

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