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 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.

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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 market growth in the coming years.

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Key Market Segmentation:

Competitive Landscape with Key Player:

AeroFarmsAgricoolAgrilution Systems GmbHAutoGrow Systems Ltd.Bowery FarmingBright Farms Inc. (Cox Enterprises, Inc.).Freight FarmsFreshBox FarmsGarden Fresh FarmsGreen Sense Farms Holdings, Inc.Logiqs B.V.Plenty Unlimited, Inc.SananBioSky GreensSPREAD Co., Ltd.Urban Crop SolutionsVoeks Inc.

Breakup by Facility Type:

Greenhouse Indoor Vertical Farms Container Farms Indoor Deep Water CultureOthers

Breakup by Crop Type:

Fruits, Vegetables and Herbs

 LettuceSpinachKaleTomatoHerbs Bell and Chilli PeppersStrawberryCucumber Others

Flowers and Ornamentals

Annuals PerennialsOrnamentalsOthers

Others

Breakup by Component:

Hardware

 StructureLED Lights HVACClimate Control System Irrigation SystemsOthers

 Software

Web-basedCloud-based

Breakup by Growing System:

AeroponicsHydroponicsAquaponicsSoil-basedHybrid

Market Breakup by Region:

Asia Pacific EuropeNorth AmericaMiddle East and Africa Latin America

Key Highlights of the Report:

Market Performance (2015-2020)Market Outlook (2021- 2026)Porter’s Five Forces AnalysisMarket Drivers and Success FactorsSWOT AnalysisValue ChainComprehensive 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.

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.

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