Indoor Farming Technology Market Size By Facility
Type, By Growing System, By Crop Type, By
Geographic Scope And Forecast
Indoor Farming Technology Market Size And Forecast
Indoor Farming Technology Market was valued at USD 12.66 Billion in 2019 and is
projected to reach USD 25.08 Billion by 2027, growing at a CAGR of 8.94% from
2020 to 2027.
The Global Indoor Farming Technology Market is expected to showcase substantial
growth during the forecasted period with a boost in the market demand due to an
increase in the demand for grains and food leads to a search for high-yielding farming
techniques. It is also considered as an optimum solution for food security in the coming
years. It is also cost-effective and requires less area to harvest. This feature adds up to
the market demand during the forecasted period. The Global Indoor Farming
Technology Market report provides a holistic evaluation of the market. The report offers
a comprehensive analysis of key segments, trends, drivers, restraints, competitive
landscape, and factors that are playing a substantial role in the market.
Global Indoor Farming Technology Market Definition
Indoor farming refers to the process of growing plants at a large scale indoors i.e., the
crops are not exposed to the external environment. Thus, method of farming usually
inculcates techniques such as hydroponics and the crops feed on artificial lights for their
nutrition. Fruits, herbs, and vegetables are the most popular species grown indoors.
Indoor farms can be operated on a large scale and can be created in an area as small
as a basement. Some indoor farms which are being operated at greenhouses can use a
combination of natural and artificial resources. Indoor farming technology refrains from
using any pesticides and no fungicides so that the food is healthier and safer.
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Global Indoor Farming Technology Market Overview