The global indoor agriculture market size is expected to grow from USD 14,300 million in 2020 to USD 24,900 million by 2027, with a CAGR of 10.9%.
DALLAS, TEXAS, UNITED STATES, October 22, 2021 /EINPresswire.com/ — Global Covered agricultural market Research report by type of facility (greenhouse, indoor vertical farms, container farms, indoor deep water cultivation, others), by crop type (fruits, vegetables and herbs, flowers and ornamentals, other), by component ( hardware, software), by crop System (aeroponics, hydroponics, aquaponics, soil-based, hybrid), by region (Americas, Asia-Pacific and Europe, Middle East and Africa) – Global forecast to 2027 – Cumulative impact of COVID-19
In isolation from COVID-19, many countries around the world have realized that strengthening food production and distribution systems is essential to tackle hunger and tackle the double burden of malnutrition, and that the development of indoor agriculture can help integrate all dimensions of food security. . The increase in health problems and the consumption of residue-free foods paved the way for the use of modern techniques such as indoor farming.
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Market segmentation analysis
Based on the type of facility, the market is segmented into Greenhouses, Indoor Vertical Farms, Container Farms, Indoor Deep Water Cultivation, Others. The greenhouse segment holds the largest market share during the forecast period.
Based on the type of crop, the market is segmented into fruits, vegetables and herbs, flowers and ornamentals, others. The fruits, vegetables and herbs segment holds the largest market share during the forecast period.
On the basis of component, the market is segmented into hardware, software. Hardware segment holds the largest market share during the forecast period
On the basis of the growing system, the market is segmented into Aeroponics, Hydroponics, Aquaponics, Soil, Hybrid. Aeroponics Segment Hold Largest Market Share During Forecast Period
Impact of COVID-19 on the indoor agriculture market
The COVID pandemic has had a significant impact on the market in terms of sales which have been hampered due to disruptions in the transit capabilities of manufacturers due to strict lockdown requirements and growing security concerns. Additionally, supply chain disruptions, destruction of demand, and changes in customer behavior due to strict lockdown conditions around the world have had an influence on the indoor farming industry.
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Major players presented in the analysis of indoor farming market include AeroFarms, Agricool, Agrilution Systems GmbH, AutoGrow Systems Ltd., Bowery Farming, Bright Farms Inc. (Cox Enterprises, Inc.), Freight Farms, FreshBox Farms, Garden Fresh Farms, Green Sense Farms Holdings, Inc., Logiqs BV, Plenty Unlimited, Inc., SananBio, Sky Greens, SPREAD Co., Ltd., Urban Crop Solutions and Voeks Inc.
By type of establishment
â¢ Interior vertical trusses
â¢ Container farms
â¢ Indoor cultivation in deep water
By type of crop
â¢ Fruits, vegetables and herbs
o Peppers and hot peppers
â¢ Flowers and ornamental plants
o Ornamental plants
o Climate control system
o Irrigation systems
o Cloud based
By cultivation system
â¢ North America
â¢ Latin America
â¢ Asia Pacific
â¢ Middle East and Africa
Based on the region, the market has been studied across the Americas, Asia-Pacific and Europe, the Middle East and Africa. Europe should have the biggest share of the income. The increasing growth of greenhouses and vertical farms in the UK and Germany has elevated Europe to the top of the indoor truss technology markets. Farmers advocated this farming concept, which was supported by the UK government.
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