Global indoor farming market will reach $72,276.7 million by 2032, growing by 11.5% annually over 2022-2032, driven by the increasing food requirements due to the growing population, decreasing arable land, growing adoption of controlled growing environment, high investments by the public and private players, and the rising health consciousness amid COVID-19 pandemic.
Highlighted with 188 tables and 102 figures, this 205-page report "Global Indoor Farming Market 2022-2032 by Offering (Hardware, Software & Service, Integrated Systems), Growing System (Aeroponics, Hydroponics, Aquaponics, Soil-based, Hybrid), Facility Type (Greenhouses, Vertical, Container, DWC), Crop Type (Fruits and Vegetables, Herbs and Microgreens, Flowers and Ornamentals, Others), and Region: Trend Forecast and Growth Opportunity" is based on a comprehensive research of the entire global indoor farming market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2020-2022 and provides forecast from 2023 till 2032 with 2022 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
In-depth qualitative analyses include identification and investigation of the following aspects:
• Market Structure
• Growth Drivers
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter's Fiver Forces
The trend and outlook of global market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19 and Russia-Ukraine conflict. The balanced (most likely) projection is used to quantify global indoor farming market in every aspect of the classification from perspectives of Offering, Growing System, Facility Type, Crop Type, and Region.
Based on Offering, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.
• Hardware
o Climate Control Systems
o Irrigation Systems
o Lighting
o Sensors
o Communication
o Other Hardware
• Software & Service
o Web-based
o Cloud-based
• Integrated Systems
Based on Growing System, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.
• Aeroponics
• Hydroponics
• Aquaponics
• Soil-based
• Hybrid
By Facility Type, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.
• Glass or Poly Greenhouses
• Indoor Vertical Farms
• Container Farms
• Indoor Deep Water Culture (DWC) Systems
• Other Facility Types
By Crop Type, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.
• Fruits and Vegetables
o Leafy Vegetables
o Tomato
o Strawberry
o Cucumber
o Other Fruits and Vegetables
• Herbs and Microgreens
o Basil
o Herbs
o Tarragon
o Wheatgrass
o Other Herbs and Microgreens
• Flowers and Ornamentals
o Perennials
o Annuals
o Ornamentals
o Other Flowers and Ornamentals
• Other Crop Types
Geographically, the following regions together with the listed national/local markets are fully investigated:
• North America (U.S., Canada, and Mexico)
• Europe (Germany, UK, France, Spain, Italy, Netherlands, Rest of Europe; Rest of Europe is further segmented into Russia, Switzerland, Poland, Sweden, Belgium, Austria, Ireland, Norway, Denmark, and Finland)
• APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines)
• South America (Brazil, Chile, Argentina, Rest of South America)
• MEA (UAE，Saudi Arabia， South Africa and Rest of MEA)
For each aforementioned region and country, detailed analysis and data for annual revenue ($ mn) are available for 2022-2032. The breakdown of all regional markets by country and split of each national market by Growing System, Facility Type and Crop Type over the forecast years are also included.
The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.
Selected Key Players:
AeroFarms
American Hydroponics (AmHydro)
Argus Control System Limited
Certhon
Everlight Electronics Co., Ltd.
Freight Farms, Inc.
General Hydroponics Inc. (Hawthorne Gardening Company)
Hydrodynamics International
Illumitex
Logiqs B.V.
LumiGrow Inc.
Netafim Limited
OSRM GmbH
Priva Holdings B.V.
Richel Group
Signify N.V.
Vertical Farm System Pty Ltd.
(Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
1 Introduction 11
1.1 Industry Definition and Research Scope 11
1.1.1 Industry Definition 11
1.1.2 Research Scope 12
1.2 Research Methodology 15
1.2.1 Overview of Market Research Methodology 15
1.2.2 Market Assumption 16
1.2.3 Secondary Data 16
1.2.4 Primary Data 16
1.2.5 Data Filtration and Model Design 17
1.2.6 Market Size/Share Estimation 18
1.2.7 Research Limitations 19
1.3 Executive Summary 20
2 Market Overview and Dynamics 23
2.1 Market Size and Forecast 23
2.1.1 Impact of COVID-19 on World Economy 24
2.1.2 Impact of COVID-19 on the Market 27
2.2 Major Growth Drivers 29
2.3 Market Restraints and Challenges 38
2.4 Emerging Opportunities and Market Trends 41
2.5 Porter's Fiver Forces Analysis 45
3 Segmentation of Global Market by Offering 49
3.1 Market Overview by Offering 49
3.2 Hardware 51
3.2.1 Climate Control Systems 53
3.2.2 Irrigation Systems 55
3.2.3 Lighting 57
3.2.4 Sensors 59
3.2.5 Communication 61
3.2.6 Other Hardware 62
3.3 Software & Service 63
3.3.1 Web-based 65
3.3.2 Cloud-based 66
3.4 Integrated Systems 67
4 Segmentation of Global Market by Growing System 69
4.1 Market Overview by Growing System 69
4.2 Aeroponics 71
4.3 Hydroponics 72
4.4 Aquaponics 73
4.5 Soil-based 74
4.6 Hybrid 75
5 Segmentation of Global Market by Facility Type 76
5.1 Market Overview by Facility Type 76
5.2 Glass or Poly Greenhouses 78
5.3 Indoor Vertical Farms 80
5.4 Container Farms 82
5.5 Indoor Deep Water Culture (DWC) Systems 84
5.6 Other Facility Types 85
6 Segmentation of Global Market by Crop Type 86
6.1 Market Overview by Crop Type 86
6.2 Fruits and Vegetables 88
6.2.1 Leafy Vegetables 90
6.2.2 Tomato 91
6.2.3 Strawberry 92
6.2.4 Cucumber 93
6.2.5 Other Fruits and Vegetables 94
6.3 Herbs and Microgreens 95
6.3.1 Basil 97
6.3.2 Herbs 98
6.3.3 Tarragon 99
6.3.4 Wheatgrass 100
6.3.5 Other Herbs and Microgreens 101
6.4 Flowers and Ornamentals 102
6.4.1 Perennials 104
6.4.2 Annuals 105
6.4.3 Ornamentals 106
6.4.4 Other Flowers and Ornamentals 107
6.5 Other Crop Types 108
7 Segmentation of Global Market by Region 109
7.1 Geographic Market Overview 2022-2032 109
7.2 North America Market 2022-2032 by Country 114
7.2.1 Overview of North America Market 114
7.2.2 U.S. 118
7.2.3 Canada 121
7.2.4 Mexico 124
7.3 European Market 2022-2032 by Country 126
7.3.1 Overview of European Market 126
7.3.2 Germany 130
7.3.3 U.K. 132
7.3.4 France 134
7.3.5 Spain 136
7.3.6 Italy 138
7.3.7 Netherlands 140
7.3.8 Rest of European Market 142
7.4 Asia-Pacific Market 2022-2032 by Country 144
7.4.1 Overview of Asia-Pacific Market 144
7.4.2 Japan 148
7.4.3 China 151
7.4.4 Australia 153
7.4.5 India 155
7.4.6 South Korea 157
7.4.7 Rest of APAC Region 159
7.5 South America Market 2022-2032 by Country 161
7.5.1 Argentina 164
7.5.2 Brazil 166
7.5.3 Chile 168
7.5.4 Rest of South America Market 170
7.6 MEA Market 2022-2032 by Country 171
7.6.1 UAE 174
7.6.2 Saudi Arabia 176
7.6.3 South Africa 178
7.6.4 Other National Markets 180
8 Competitive Landscape 181
8.1 Overview of Key Vendors 181
8.2 New Product Launch, Partnership, Investment, and M&A 185
8.3 Company Profiles 187
AeroFarms 187
American Hydroponics (AmHydro) 189
Argus Control System Limited 190
Certhon 191
Everlight Electronics Co., Ltd. 192
Freight Farms, Inc. 193
General Hydroponics Inc. (Hawthorne Gardening Company) 194
Hydrodynamics International 195
Illumitex 196
Logiqs B.V. 197
LumiGrow Inc. 198
Netafim Limited 199
OSRM GmbH 200
Priva Holdings B.V. 201
Richel Group 202
Signify N.V. 203
Vertical Farm System Pty Ltd. 204
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