The Plant Factory Global Market Report 2023, provides comprehensive information on the plant factory market across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
Learn More On The Plant Factory Market’s Growth:
https://www.thebusinessresearchcompany.com/report/plant-factory-global-market-report
As per The Business Research Company’s Plant Factory Global Market Report 2023, the global plant factory market size grew from $112.71 billion in 2022 to $120.87 billion in 2023 at a compound annual growth rate (CAGR) of 7.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, causing inflation across goods and services and affecting many markets across the globe. The market size of global plant factory is expected to grow to $158.16 billion in 2027 at a CAGR of 7.0%.
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The plant factory market is segmented:
By Facility Type
Greenhouse
Indoor Farms
Other Facility Types
By Light Type
Sunlight
Full Artificial Light
By Growing System
Non-Soil-Based
Soil-Based
Hybrid
By Crop type
Fruits
Vegetables
Flower And Ornamental
Other Crop Types
Top Major Players:
AeroFarms, Mirai Co.
Farminova Plant Factory
Metropolis Farms
Urban Crops
Lufa Farms
Western Europe was the largest region in the plant factory market in 2022.
The table of contents in TBRC’s plant factory market report includes:
1. Executive Summary
2. Plant Factory Market Characteristics
3. Plant Factory Market Trends And Strategies
4. Plant Factory Market – Macro Economic Scenario
5. Plant Factory Market Size And Growth
………………………………………………………
26. Africa Plant Factory Market
27. Plant Factory Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Plant Factory Market
29. Plant Factory Market Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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According to the new market research report "Plant Factory Market by Growing System (Soil-based, Non-soil-based, and Hybrid), Facility Type (Greenhouses, Indoor Farms, Other Facility Types), Light Type, Crop Type (Vegetables, Fruits, Flowers & Ornamentals), and Region - Global Forecast to 2026", published by MarketsandMarkets™, the global Plant Factory Market size is estimated to be valued at USD 121.8 billion in 2021 and projected to reach USD 172.5 billion by 2026, recording a CAGR of 7.2% during the forecast period.Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=199919959Plant factories have evolved considerably and are equipped with technologies for climate control, supplemental lighting, irrigation control, and material handling, among others.
These control systems regulate internal conditions such as temperature, humidity levels, light intensity, and communication technologies for remotely monitoring the plant factory parameters.
Since the early 1980s, this industry began to gain importance among growers, majorly due to the unmatched yield obtained from this technology.
The recent advances in urban farming and the emergence of vertical farming technology have further fueled the growth of this market.The vegetables segment, by crop type, is projected to witness significant growth during the forecast period.Vegetables that can be grown in plant factories include tomatoes, squash, broccoli, artichoke, beans, and peas.
A few other vegetables are leafy greens, including spinach, kale, and arugula, and high-producing crops, such as lettuce and cucumber.
Vegetables have a relatively short harvest time compared to fruits, which can be further reduced through cultivation in a plant factory.
