Global Indoor Farming Market Size, Shares, Trends Analysis & Forecast Report 2021-2028 – – Yahoo Finance

DUBLIN, November 02, 2021–(BUSINESS WIRE)–The "Indoor Farming Market Size, Share & Trends Analysis Report By Facility Type (Greenhouses, Vertical Farms), By Component (Hardware, Software), By Crop Category, By Region, and Segment Forecasts, 2021-2028" report has been added to's offering.
The global indoor farming market size is estimated to reach USD 75.3 billion by 2028, exhibiting a CAGR of 10.9% from 2021 to 2028
The increasing demand for food owing to the rising population is expected to drive the growth. Factors such as declining water supply, urbanization, and climate change have contributed to the loss of arable land. This in turn is driving demand for indoor farms to produce food.
The challenges, such as rising global temperature and extreme weather conditions, act as a barrier in the traditional farming technique. The European Environment Agency (EEA) has carried out several initiatives to build vertical farms to overcome these challenges and produce food in an environment-friendly way.
Indoor farming increases the crop yield and reduces the farming impact on the environment by reducing the distance traveled in the supply chain. It reduces the need for the land space required to grow plants compared to traditional farming methods by using growing shelves mounted vertically.
Rising consumer awareness regarding the consumption of healthy and fresh food is anticipated to positively influence the growth of the market for indoor farming over the forecast period. Furthermore, the use of technology, such as LED indoor farming to create nature-like conditions will help farmers meet the expected demand for food supply in near future.
Europe dominated the market in 2020 and is anticipated to remain dominant over the coming years, owing to the continuous adoption of advanced technologies such as LED lighting, controlled environment agriculture.
Asia Pacific is expected to exhibit the fastest CAGR from 2021 to 2028, owing to the increasing indoor farms in countries such as China and Japan. Increasing adoption of greenhouses and vertical farms is projected to bode well for regional growth.
In addition, the rising demand for pesticide-free, fresh vegetables and fruits is expected to fuel the regional market growth.
Indoor Farming Market Report Highlights
The greenhouses segment dominated the market in terms of revenue in 2020 as these facilities produce higher yields. Greenhouses offer a stable and highly controlled environment for the cultivation of flowers, vegetables, and fruits.
The fruits, vegetables, and herbs segment is estimated to register the fastest CAGR over the forecast period, owing to the increasing food consumption along with growing consumer awareness regarding the importance of healthy eating, especially in regions such as Europe and Asia Pacific.
The climate control systems segment is projected to expand at the highest CAGR during the forecast period, as the crop development can be controlled by adjusting and monitoring the concentration of minerals.
Some of the key players operating in the market include LumiGrow (U.S.), Illumitex (U.S.), Hydrodynamics International (U.S.), and Agrilution (Germany).
Indoor Farming Market Dynamics
Market Driver Analysis
Reduction in Per Capita Arable Land
Increasing demand for organic food
Market restraint analysis
Higher initial investments
Market Opportunity analysis
Production of bio-pharmaceutical products
Indoor Farming Market Analysis – Porter's
Indoor Farming Market Analysis – PEST
Major Deals & Strategic Alliances Analysis
Indoor Farming Market: COVID-19 Impact
Companies Mentioned
Argus Control System Limited
General Hydroponics (Hawthorne Gardening Company)
Hydrodynamics International
LumiGrow Inc.
Richel Group
Vertical Farm Systems
For more information about this report visit
View source version on
Laura Wood, Senior Press Manager
[email protected]

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
The American Petroleum Institute reported late Tuesday that U.S. crude supplies rose by 3.6 million barrels for the week ended Oct. 29, according to sources. The API also reportedly showed an inventory decline of 552,000 barrels for gasoline, but distillate stockpiles edged up by 573,000 barrels. Crude stocks at the Cushing, Okla., storage hub, meanwhile, fell by 882,000 barrels for the week, sources said. Inventory data from the Energy Information Administration will be released Wednesday. On a
While experiencing increased valuations from its announced partnership with Hertz rental cars, Tesla begins to slightly drop as the deal has no been finalized yet. Yahoo Finance's Emily McCormick reports.
Investors now are experiencing a perfect storm of inflation in the U.S. Perfect storms are generated from seemingly small factors. Inflation is always caused by too much money chasing too few goods. This is how the “too much money” side looks currently: During mandated pandemic shutdowns, the U.S. government dropped money on anyone who could fog a mirror.
Alibaba Group Holding Ltd's (NYSE: BABA) annual 'Singles Day' shopping spree is set for its most sober tone ever in 2021, amid China's regulatory scrutiny drive on the giant companies, Reuters reports. Alibaba preaches sustainability and inclusiveness rather than hyping the usual sales boom amid calls by Beijing to promote "common prosperity." Alibaba's 2021 priorities were encouraging "eco-friendly consumption" and "supporting vulnerable populations." However, Alibaba's live-streaming stars and
Steel output in China, the world's second-largest economy, fell in late October to the lowest level since March 2020.
When looking for the best artificial intelligence stocks to buy, identify companies using AI technology to improve products or gain a strategic edge, such as Google, Microsoft and Nvidia.
For his second Executive Decision segment of Monday's "Mad Money" program, Jim Cramer spoke with Benjamin Gliklich, president and CEO of Element Solutions , ae specialty chemicals provider. Gliklich said while Element Solutions has a diverse business, 90% of its sales stem from just two areas. Gliklich said the solutions are referred to as "wet chemistry," as the coatings are typically applied in vats.
Though Russian President Vladimir Putin has insisted that Moscow is not weaponizing its energy resources, EU members seem to disagree.
Since the beginning of 2020, used car prices are up a staggering 40%. When will it stop?
Consumers will be threatened with even higher energy prices if the Government backs a "premature" ban on oil and gas drilling in the North Sea, the chief executive of BP has warned.
Real estate investment trusts (REITs) are publicly traded companies that allow individual investors to buy shares in real estate portfolios that receive income from a variety of properties. They allow investors to easily invest in the real estate sector, which includes companies that own, develop, and manage residential, commercial, and industrial properties.
The company has already completed a $1.4bn share buyback this year.
BP added more than a billion dollars to its share buyback programme on Tuesday as it likened itself to a "cash machine" benefitting from higher oil and gas prices and a strong trading performance in the third quarter. BP said it expected natural gas prices to remain strong in the coming months of peak winter demand. The company "is a cash machine at these sort of (oil and gas) prices and the business is running very well," Chief Executive Officer Bernard Looney told Reuters.
From 2008 to 2020, the 37 states with monopoly or partial competition models saw power prices rise 20.7%, while the 14 jurisdictions with retail electricity competition saw prices decline 0.3%.
The pandemic has wreaked havoc on the world's supply chains for a number of reasons — from a lack of raw material to labor shortages — but whatever the reason, the problems are persisting, and Microsoft has decided to bring to bear its considerable resources on modernizing supply chain and manufacturing. To help address these issues, the company is announcing a new manufacturing solution called the Microsoft Cloud for Manufacturing, along with Dynamics 365 Supply Chain Insights, a tool designed to give customers more visibility into what's happening along their supply chain routes and intelligence to deal with issues as they arise.
(Bloomberg) — The record steel rally is starting to show early signs of cooling, with one top U.S. producer scouring for buyers to take over abandoned orders of high-end metal used by automakers.Most Read from BloombergSupply Chain Crisis Risks Taking the Global Economy Down With ItInto the Metaverse: Where Crypto, Gaming and Capitalism CollideAtlanta’s Crowded Election Pits Former Mayor Versus ‘Anyone But’In Minneapolis Election, the Future of Policing Is at StakeThe Best New Restaurants in Wa
Stephen Yalof, Tanger Outlets CEO joined Yahoo Finance Live to discuss the company’s third-quarter earnings and his outlook for the holiday shopping season.
These are the utilities stocks with the best value, fastest growth, and most momentum for November 2021.
It's thanks to a revived coal market with higher prices and stronger demand — and the Canonsburg company's expectation that there isn't enough capacity to meet future demand.
Shareholders overwhelmingly approved the deal, and the new company's shares will start trading Nov. 2.