Opportunities in the production of pharmaceutical plants through indoor cultivation, incorporation of emerging technology, and expansion into developing countries

DublinAnd January 25 2022 /PRNewswire/ – “Global Indoor Agriculture Technology Market – Global and Regional Analysis: Focusing on Key Technologies, Patents, Drivers, Opportunities, Challenges and Applications” report has been added to ResearchAndMarkets.com Show.

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The global indoor farming technology market is expected to reach $12.767.3 million By 2026, at a compound annual growth rate of 14.80% over the forecast period 2021-2026.

The growth in the global indoor farming technology market is expected to be driven by increased demand for food products, fresh and organic products and the need for an alternative cultivation method for sustainable farming.

indoor farming technology

Indoor cultivation is an alternative cultivation method where crops are grown in a controlled environment. It is used to produce various vegetables and fruits, small herbs, and ornamental plants on vertically inclined roofs or under greenhouses and container farms. In the case of indoor cultivation, other vegetables and fruits are grown on one level, as in a field or greenhouse.

Indoor farming technology involves integrating various technologies such as big data analytics, robotics, artificial intelligence (AI), and Internet of Things (IoT) so that crops can be produced perfectly without any agricultural restrictions. Hydroponics, hydroponics are alternative agricultural techniques within the framework of indoor farming in which plants are grown in an unconventional way.

The main advantage of using indoor farming techniques is that they increase the yield of crops with a smaller unit area of ​​land. In earlier systems, wastewater from a fish tank was used to irrigate crops such as cucumbers and tomatoes in a sand-filled growing basin. As technology advances, equipment such as HVAC, LED lamp, ventilation system, irrigation system, sensors, monitors, etc. are used to achieve efficient growth of crops through indoor cultivation.

Impact of COVID-19 on indoor cultivation technology

The supply chain of most industries around the world has been affected by the COVID-19 pandemic, including the indoor farming industry. Although the products are grown in a controlled environment in indoor farming, due to supply chain disruption, the farms were unable to get the products to market in the initial phase of COVID-19.

However, vaccines are available in almost all countries, and lockdown restrictions have been in place. distribution channels are normalized; Hence the inland farming companies are able to market their products, also make profits and the market grows.

Market segmentation

Global market for indoor farming technology through technology

The hardware system segment dominates the indoor farming technology market by technology category. These hardware systems are known as the complete alternative to the natural conditions of conventional farming. Hardware systems play a major role in manually regulating these factors. Hence, sensors, controllers, climate controllers, lighting systems, irrigation systems and other devices play a major role in this case.

Global Indoor Farming Technology Market by Facility

The greenhouse segment dominates the global market for indoor farming technology by facility category. Greenhouses are bulging structures covered with a transparent material for growing crops in a controlled environment. With the practice of Controlled Ecological Agriculture (CEA), greenhouses use climate control systems, such as fans, ventilators, and coolers.

Global Indoor Agriculture Technology Market By Growth Method

The hydroponics segment is dominating the global indoor farming technology market with the ever-growing class of methods. Hydroponics is an ancient method of growing crops without soil. Instead, a water or nutrient solution is used. In hydroponics, crop roots are exposed only to nutrients or aqueous solution for optimal growth, while the farmer needs to regulate nutrient composition and frequency of solution provision to crops.

Global Indoor Agriculture Technology Market by Region

North America achieved the highest return from $1,877.1 million in 2020, which is attributed to technological developments in this region. It is also one of the largest agricultural centers in the world. The region is expected to witness high growth at a compound annual growth rate of 15.80% during the forecast period.

How this report can add value

Product/Innovation Strategy: The product segment helps the reader to understand the different types of technology such as the hardware, software and service system, the integrated system used in indoor farming, and the market potential globally.

Furthermore, the study provides the reader with a detailed understanding of the different growth methods (eg, hydroponics, hydroponics, aerodynamics, hybrid, and soil-based). Also, this section provides an understanding of the facilities used in indoor farming, such as vertical farms, greenhouses, and container farms, and their application with benefits.

In addition, comprehensive coverage of the various equipment required to set up a successful indoor farm (such as lighting systems, climate control systems, irrigation systems, sensors, and monitoring systems) for various applications was added to the study.

The major players in the market and competition summary

The companies identified in the report were selected based on a selective group of players, primarily Tier 1 (holding 50-60% of the market) and mid-segment players (comprising 30-40% of shares), and Small and emerging companies (holding the remaining 10-20% share), based on various factors such as product portfolio, annual revenue, market penetration, R&D initiatives, along with local and international presence in the inland agriculture technology industry.

Market Report Coverage – Indoor Cultivation Technology

Market segmentation

  • Growing method: Hydroponics, Aeroponic, Aquaponics, Soil, Hybrid

  • Facility: Greenhouses, indoor vertical farms, container farms

  • Technology: hardware system, software and services, integrated system

Territorial division

  • North America:we, CanadaAnd Mexico

  • Europe: FranceAnd HollandAnd ItaliaAnd SpainAnd Russiaand the rest-Europe

  • United kingdom

  • China

  • Asia Pacific: IndiaAnd JapanAnd SingaporeAnd Australia And New Zealandand the rest-Asia Pacific

  • rest of the world: BrazilAnd South AfricaThe United Arab Emirates, Kingdom Saudi Arabia

Market growth drivers

  • Increased demand for global food security due to population growth and urbanization

  • Growth in technology adoption in agriculture

  • Land degradation and reduction in arable land

  • Increase government support and initiatives

Market Challenges

  • High initial investment and operating costs

  • Suitable for selective crop production

  • Lack of awareness among farmers

Market Opportunities

  • Production of medicinal plants through indoor cultivation

  • Integration of different emerging technologies

  • Scope of expansion in developing countries

mentioned companies

  • Aerofarms

  • Artemis

  • American Hydroponics (AmHydro)

  • Argus Control System Limited

  • Autogro

  • CannaPro

  • will inherit

  • Current Lighting Solutions, LLC

  • Everlight Electronics Co., Ltd.

  • Fret Farms, Inc.

  • GE . lighting

  • General Hydroponics Corporation

  • ilometics

  • Logiqs BV

  • Lumigro

  • Lumilides

  • Netafim

  • OSRM Limited

  • Priva Holdings BV

  • Richelle Group

  • Smart Cannabis Corp.

  • Explain NV

  • Tevatronic Ltd.

  • Vertical Farm System Pty Ltd.

For more information on this report, visit https://www.researchandmarkets.com/r/de4hk5

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