Crops can be grown in a controlled atmosphere using an alternative growing technique called indoor farming. It is used to grow a variety of fruits and vegetables, ornamentals, microgreens, and herbs on surfaces that are inclined vertically or beneath greenhouses and container farms. Indoor farming involves growing fruits and vegetables on one level, either in a greenhouse or a field. In order to produce crops flawlessly and without any agronomic constraints, indoor farming technology integrates a number of technologies, including robotics, artificial intelligence (AI), big data analytics, and the internet of things (IoT). Alternative indoor farming methods that involve growing plants in unconventional ways include hydroponics, aeroponics, and aquaponics.
According to SPER market research, ‘Indoor Farming Technology Market Size- By Growing System, By Facility Type, By Component Type, By Crop Type - Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Global Indoor Farming Technology Market is predicted to reach USD 48.08 billion by 2033 with a CAGR of 9.66%.
Growing both large and small-scale crops and plants indoors is referred to as indoor farming. Large-scale indoor farming is done to provide fresh, nutrient-dense goods to consumers and to augment local food sources. This technology produces incredibly healthy food because it controls the nutrients that fertilize plants. Many different types of crops, such as leafy vegetables, herbs, vegetables, fruits, microgreens, and flowers, can be grown inside. Organic food produced indoors using vertical farming techniques is devoid of agrochemical contamination. Consequently, the desire to lessen the carbon imprint of conventional agricultural operations and the growing customer demand for food free of pesticides and herbicides are what are propelling indoor vertical farming.
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Compared to traditional farming, indoor farming requires a larger initial investment. One of the main causes of the large investment is the greater cost of urban land than that of agricultural. Furthermore, because they demand a lot of energy, both vertical farms and greenhouses have higher operating costs. Keeping the ambient temperature under control and lighting a skyscraper are both costly and labour-intensive jobs. Controlling the lighting, temperature, pollination, and plant arrangement within buildings is essential for an ideal indoor farm. Because of these factors, most countries that rely heavily on agriculture are still in the early stages of indoor farming. The market for indoor farming technology is expected to encounter significant development constraints in areas where conventional farming practices are widely used and farmers lack the resources to create farms outfitted with cutting-edge equipment.
Impact of COVID-19 on Indoor Farming Market
The COVID-19 epidemic affected the supply chains of almost every industry in the world, including indoor farming. Despite the fact that indoor farming grows produce in a controlled environment, farms were unable to get their products to market during the first phase of COVID-19 due to supply chain disruptions. Nonetheless, lockdown restrictions have been lifted and vaccinations are accessible in practically every nation. Distribution methods are becoming more standard, which allows indoor farming businesses to promote their goods and increase market share while making money.
Europe accounted for the greatest portion of the market in 2022 and is predicted to continue to do so throughout the projection period. Regional growth is caused by the increasing use of indoor farm technologies like Controlled Environment-Agriculture (CEA), which regulates the environmental component.
Prominent market players of this industry are Argus Control System, Evenlight Electronics, Signify Holding and many others.
Our in-depth analysis of the Indoor Farming Technology Market includes the following segments:
By Growing System:
- Hydroponics
- Aeroponics
- Aquaponics
- Soil-based
- Hybrid
- Others
By Facility Type:
- Glass or Poly Greenhouse
- Indoor Vertical Farm
- Container Farm
- Indoor DWC System
By Component:
- Hardware
- Software
By Crop Type:
- Fruits & Vegetables
- Herbs & Microgen
- Flowers & Ornamentals
- Others
By Region:
- Asia-Pacific
- Europe
- Middle East & Africa
- North America
- Latin America
For More Information, refer to below link:-
Indoor Farming Technology Market Opportunities
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