Dublin, Nov. 30, 2021 (GLOBE NEWSWIRE) -- The "Indoor Farming Market - Global Opportunity and Forecast to 2026" report has been added to ResearchAndMarkets.com's offering.
The global indoor farming market grew at a CAGR of around 12% during 2015-2020. Looking forward, the market is expected to exhibit strong growth during 2021-2026.
Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Indoor farming is a part of modern agriculture for growing crops in a protected environment. The market for Indoor farming is increasing globally catalyzed by the rising world population and a consequent demand for building secure and consistent food supplies.
Conventional agriculture is locationally tied to areas with sufficient land and water. As the amount of vacant arable land and water to support conventional agriculture is dwindling, the demand of indoor farming is increasing as it is decoupled from such needs and can be located closer to end consumption.
The scarcity of land for farming across the world is one of the primary factors catalyzing indoor farming growth. As the global population continues to develop and urbanize, farmers are opening indoor facilities closer to these urban areas creating a local, stable, and sustainable year-round food supply.
In addition to this, the increasing instances of droughts, floods, and other natural disasters across the globe have raised concerns over food security. This, in turn, has prompted the growth of indoor agriculture in such countries. Moreover, high-tech, fully controlled, and semi-automated greenhouse facilities in rural areas and its environmentally friendly farming practices have also driven the market demand for indoor farming.
Furthermore, the growth in technological advancements in farming sensors, monitoring, and regulating devices for each aspect of cultivation has further propelled the growth of this market.
Additionally, this technique enables food production in a sustainable surrounding without chemical pesticides, hence increasing the production for organic yields, which is currently in strong demand from the consumer end.
The competitive landscape of the industry has also been examined with some of the key players being
Agrilution Systems GmbH
AutoGrow Systems Ltd.
Bright Farms Inc. (Cox Enterprises, Inc.).
Garden Fresh Farms
Green Sense Farms Holdings Inc.
Plenty Unlimited Inc.
SPREAD Co. Ltd.
Urban Crop Solutions
Key Market Segmentation:
Breakup by Facility Type:
Indoor Vertical Farms
Indoor Deep Water Culture
Breakup by Crop Type:
Fruits, Vegetables and Herbs
Bell and Chilli Peppers
Flowers and Ornamentals
Breakup by Component:
Climate Control System
Breakup by Growing System:
Breakup by Region:
Middle East & Africa
For more information about this report visit https://www.researchandmarkets.com/r/cw4x2u
CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager email@example.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900