Global Indoor Farming Market to reach USD 66.6 billion by 2027.Global Indoor Farming Market is valued approximately USD 32.3 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 10.9 % over the forecast period 2021-2027. Indoor farming is a way of producing crops or plants exclusively indoors, generally on a big scale. This type of farming frequently use hydroponics and artificial lighting to supply plants with the nutrients and light levels they require for development. Indoor Farming Market is receiving immense popularity because of increasing awareness among the consumers for consuming fresh food. Increasing in population is creating higher demand for food which serves as another driving factor for the market. Many companies are collaborating with each other in order to develop new production system. For instance, In April 2021, Aerofarms had undergone a partnership with Hortifrut SA, a certified B corporation in Chile. The partnership will focus on the research and development of blueberry and cranberry production in fully controlled vertical farms and indoor environments. In 2019, Bright Farms expanded its construction unit with three new sustainable greenhouse farms in Massachusetts, New York, and North Carolina. Deforestation, as well as a rise in the availability of certified items, are driving the industry. However, the changing climatic conditions contribute to existing environmental problems, such as soil degradation and groundwater depletion, affecting the food and agriculture production systems which may impede the growth of the market over the forecast period of 2021-2027. Also, Governments encourage building indoor farms along with other initiatives is likely to increase the market growth during the forecast period.

The regional analysis of global Indoor Farming Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Europe is the significant region across the world in terms of market share owing to rising adoption of technologies, such as Controlled Environment-Agriculture (CEA). Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2021-2027. Factors such as the continuously rising population in the region has resulted in an increasing demand for organic food and increasing awareness would create lucrative growth prospects for the Indoor Farming Market across Asia-Pacific region.

Major market player included in this report are:
Argus Control Systems Ltd.
Certhon
General Hydroponics
Hydrodynamics International
Illumitex
Lumigrow
Netafim
Priva
Richel Group
Vertical Farm Systems



The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Facility Type Outlook:
Greenhouses
Vertical Farms
Others

By Component Outlook:
Hardware
Software
By Crop Category Outlook:
Fruits, Vegetables, & Herbs
Flowers & Ornamentals
Others


By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027

Target Audience of the Global Indoor Farming Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors