Global Plant Factory Market size was valued at USD 118.2 Bn in 2022 and Plant Factory Market revenue is expected to reach USD 189.4 Bn by 2029, at a CAGR of 7.3 % over the forecast period (2023-2029).

Market Overview:

A plant factory known as a vertical farm or indoor farm, is a sophisticated form of controlled environment agriculture in which plants are cultivate in indoor facilities under artificial light. It is a high tech farming factors, including light, temperature, humidity and nutrient levels. The main goal of a Plant Factory is to create an ideal environment for plant growth, allowing crops to grow faster, with higher crops, and in a more controlled manner compared to old-fashioned outdoor farming methods. These facilities are equipped with advanced technologies, such as LED grow lights, aeroponic systems, automated climate control, and precision nutrient delivery.

Drivers:

The demand for fresh, locally grown produce is driving the growth of the plant factory market. Consumers increasingly prioritize the freshness, nutritional value, and sustainability of their food. Plant factories are meeting this demand by offering year-round crop production regardless of weather conditions. Through controlled environment agriculture and vertical farming technologies, plant factories provide optimal growing conditions indoors, ensuring consistent crop quality. This is particularly advantageous in regions with harsh climates or limited arable land. Consumers choose locally grown produce for food security, reduced carbon footprint, and support local economies. Plant factories located in urban areas bring food production closer to consumers, ensuring fresher and more sustainable production. By employing sustainable practices, such as efficient resource usage and minimal pesticide use, plant factories align with consumers' environmental concerns. The market is expected to continue to grow as consumer demand for fresh, locally-grown produce remains strong.

Segmentation:

by Technology

Hydroponics
Aeroponics
Aquaponics
Vertical Farming Systems
Artificial Lighting
Climate Control Systems
Automation

by Component

Lighting Systems
Climate Control Systems
Sensors and Monitoring Devices
Growing Media
Nutrient Delivery Systems
Automation and Control Systems

by End User

Retail Stores
Food Service
Online Grocery Delivery
Industrial Ingredient Suppliers

Key Players: the key players are

1. AeroFarms
2. Gotham Greens
3. AppHarvest
4. Bowery Farming
5. Plenty Unlimited Inc.
6. Mirai Co. Ltd.
7. Farminova
8. Iron Ox,
9. Taiksha Ltd.
10. Crop One
11. Vertical Harvest
12. Farmone
13. Smallhold
14. Oishii
15. Agricool (France)
16. AppHarvest (US)
17. BrightFarms
18. Farminova
19. Taiksha
20. Farmone
21. Smallhold

Regional Analysis:

The report has assessed the global Plant Factory market in the following regions:

• America, North (the United States, Canada)
• European Union (Germany, France, United Kingdom, Russia)
• Asia-Pacific region (China, Japan, Korea, India, Southeast Asia, and Australia)
• Latin America (Brazil, Argentina, Colombia)
• Africa and the Middle East (Saudi Arabia, UAE, Egypt, South Africa)

Key Questions answered in the Plant Factory Market Report are:

• Which key trends are likely to emerge in the Plant Factory market in the forecast period?
• What will be the Plant Factory market size by 2027?
• Which company had the biggest share in the Plant Factory market in 2020?
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