#Canada Indoor Farming Technology Market

[prenasper]

Indoor Farming Market Share, Rising Trends, Growth Drivers, Opportunities, Challenges, CAGR Status, Business Analysis and Future Outlook Till 2033: SPER Market Research

The practice of cultivating crops indoors without exposing them to the outside environment is commonly referred to as indoor farming. Vegetables, fruits, and herbs are the most widely cultivated indoor crops. Large-scale operations and compact spaces, such as basements, are both possible with indoor farms. Farming practices typically incorporate methods like hydroponics, where crops are nourished by artificial lighting. The yield from indoor farming technologies surpass traditional farming. A controlled environment inside the indoor farming complex creates an optimum growing conditions for the farmers to grow a crop from the seed till the harvesting stage arrives. In order to produce safer and healthier food, indoor farming technology refrains from employing any fungicides and all pesticides.

According to SPER Market Research, ‘Indoor Farming Technology Market Size- By Growing System, By Facility Type, By Component Type, By Crop Type - Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Global Indoor Farming Technology Market is estimated to reach USD 48.08 billion by 2033 with a CAGR of 9.66%.

 The growing issue of a shortage of land for farming or food production, as a result of the world's population growing at an accelerated rate, is driving the development of indoor farming. Major advantages of indoor farming include improved crop growth, less water use, less reliance on outdoor temperatures or weather, labour cost savings, and improved energy conservation. These advantages are driving the global adoption of indoor farming practices, which is anticipated to fuel the growth of the indoor farming technology market. Modern agriculture has benefited from indoor vertical farming, which is gaining the interest of younger people. Technology for indoor farming makes it possible to maximize agricultural productivity and ecological sustainability due to shorter harvest times and better yields in less area.

Limited funding for agriculture-related businesses slows down research and development for indoor farming in public or private universities, which restricts the amount of data and information available. High set-up cost could be a restraining factor initially in indoor farming technology market. Since indoor farming equipment uses a lot of energy, farmers may find it difficult to pay for their high electricity bills. Furthermore, there is a need for higher public awareness and comprehension on the advantages of sustainable agriculture technologies and indoor farming. In addition, the sector lacks supervision and standards, which leads to variations in the safety and quality of products.

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The COVID-19 pandemic had a range of effects on the global indoor agricultural technology sector. The pandemic has hindered market expansion by causing labour shortages, supply chain interruptions, and a decline in consumer demand for non-essential commodities. However, the outbreak has highlighted the significance of resilient and sustainable food systems as well as food security, leading to increased investment in indoor farming technology. The epidemic has also prompted the development of automation and remote monitoring tools, which let farmers to oversee and manage their indoor crops from a distance. All things considered, the pandemic has brought opportunities as well as challenges to the worldwide indoor farming technology market.

 Indoor Farming Technology Market Key Players:

North America is the leading holder of share in Indoor Farming Technology Market. The need for indoor farming technology has been rising in this area as a result of the expanding involvement of international business lines in agricultural operations to satisfy crop producers' expectations to attain export-quality crops. Some of the key market players are Lumigrow, Signify Holding, Argus Control System, Everlight Electronics.

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Farming Technologies Market Future Outlook

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The Rise of the Vertical Farming Market: A Sustainable Agricultural Revolution

The global agricultural sector is undergoing a dramatic transformation as climate change, population growth, and urbanization drive the need for innovative solutions to feed the world sustainably. Among these, vertical farming has emerged as a game-changer in modern agriculture, offering the potential to grow crops in urban settings while minimizing resource use.

In this blog, we explore the vertical farming market's growth, key drivers, applications, challenges, and future outlook.

What is Vertical Farming?

Vertical farming involves growing crops in vertically stacked layers, often in controlled indoor environments. This technique uses advanced technologies such as hydroponics, aeroponics, and aquaponics, enabling year-round production of fresh produce. Vertical farms are typically located in urban areas, closer to consumers, reducing transportation costs and emissions.

Market Overview

Market Size and Growth

The vertical farming market is expanding rapidly, driven by rising demand for sustainable agriculture and fresh, locally sourced produce. Key statistics include:

Market Size in 2023: Estimated at $5 billion.

Projected Market Size by 2030: Expected to exceed $20 billion, growing at a CAGR of 25%.

Key Growth Drivers

Urbanization: With more people living in cities, vertical farming addresses the challenge of producing food in urban areas with limited arable land.

Sustainability Goals: The ability to grow crops using up to 95% less water and reduced reliance on pesticides makes vertical farming environmentally friendly.

Technological Advancements: Innovations in LED lighting, sensors, and automation are improving efficiency and reducing operational costs.

Consumer Demand: The growing preference for fresh, pesticide-free, and locally grown produce is fueling the market's growth.

Food Security Concerns: Vertical farming offers a resilient solution to mitigate supply chain disruptions and climate-related agricultural challenges.

Applications of Vertical Farming

1. Leafy Greens and Microgreens

Vertical farms excel in producing leafy greens, herbs, and microgreens, which have short growth cycles and high market demand.

2. Fruits and Vegetables

Crops like strawberries, tomatoes, and bell peppers are increasingly being grown in vertical farms, offering consistent quality and supply.

3. Medicinal Plants

The controlled environment in vertical farms is ideal for cultivating medicinal plants and herbs with specific growth requirements.

4. Research and Development

Vertical farming facilities serve as research hubs for testing new crop varieties and agricultural technologies.

Challenges in the Vertical Farming Market

While vertical farming offers numerous benefits, it is not without challenges:

High Initial Investment: Setting up vertical farms requires significant capital for infrastructure, technology, and equipment.

Energy Consumption: The reliance on artificial lighting and climate control systems results in high energy costs.

Crop Selection: Not all crops are suitable for vertical farming, limiting the range of products.

Skilled Labor: Operating and maintaining vertical farming systems require specialized knowledge and skills.

Regional Insights

1. North America

North America dominates the vertical farming market, with significant investments in the U.S. and Canada. Factors such as technological advancements and consumer demand for fresh produce drive growth in this region.

2. Asia-Pacific

The Asia-Pacific region is experiencing rapid growth, particularly in countries like Japan, Singapore, and China. Urbanization, land scarcity, and government support for sustainable agriculture contribute to this trend.

3. Europe

Europe is witnessing strong adoption of vertical farming due to stringent environmental regulations and a focus on reducing carbon footprints.

Key Players in the Market

Several companies are leading the charge in the vertical farming industry:

AeroFarms: Pioneering large-scale indoor vertical farming in the U.S.

Plenty: Utilizing cutting-edge technology to produce high-quality crops.

Infarm: Specializing in modular vertical farms for urban settings.

Bowery Farming: Focusing on automation and data-driven farming practices.

Future Trends

The vertical farming market is poised for significant growth, driven by the following trends:

Integration of AI and IoT: Advanced technologies will enhance efficiency, reduce costs, and improve crop yields.

Expansion to Staple Crops: Efforts to grow staple crops like rice and wheat in vertical farms are underway.

Sustainable Energy Solutions: Adopting renewable energy sources will address the challenge of high energy consumption.

Public-Private Partnerships: Collaborations between governments and private companies will accelerate market development.

Conclusion

Vertical farming represents a sustainable and innovative solution to address the challenges of modern agriculture. As technology continues to advance and consumer preferences shift toward sustainability, the vertical farming market is set to revolutionize the way we produce and consume food. For investors and stakeholders, now is the time to capitalize on this growing industry and contribute to a greener, more resilient food system.

[shrutijadhav2139]

Cannabis Seeds Market Drivers Trends and Insights Shaping Future Growth Opportunities in the Global Industry Landscape

Cannabis seeds market is experiencing rapid growth as increasing legalization and changing societal perceptions are unlocking new opportunities in the global industry landscape. As cannabis transitions from an illicit substance to a regulated product, its seeds are becoming a valuable commodity for medicinal, recreational, and industrial purposes. The market is witnessing a dynamic shift fueled by key drivers, emerging trends, and transformative insights that promise sustained growth in the coming years.

Key Drivers of the Cannabis Seeds Market

The cannabis seeds market is primarily driven by increasing global acceptance of cannabis for medical and recreational use. Countries like Canada, the United States, Germany, and Thailand have spearheaded legalization efforts, contributing to the proliferation of cannabis cultivation. This shift has created a surge in demand for high-quality seeds tailored to meet diverse consumer needs, such as strains optimized for therapeutic benefits or enhanced psychoactive effects.

Another significant driver is the rising application of cannabis seeds in health and wellness industries. Cannabis seeds are rich in proteins, fatty acids, and other nutrients, making them a valuable ingredient in dietary supplements, skin care products, and health foods. Furthermore, ongoing research into the potential therapeutic properties of cannabinoids, such as CBD and THC, has positioned cannabis seeds as an essential raw material for pharmaceutical applications.

Lastly, advancements in cultivation techniques, such as indoor farming, hydroponics, and genetic modification, have enabled farmers to produce higher-yield, pest-resistant, and climate-adaptable cannabis seeds. These innovations are reducing production costs and improving seed quality, thereby expanding the market's reach.

Emerging Trends Shaping the Market

Several trends are shaping the future of the cannabis seeds market, offering a glimpse into its long-term growth potential.

Organic and Sustainable Cultivation Practices: As consumers demand eco-friendly products, there is a growing shift toward the cultivation of organically certified cannabis seeds. Farmers are adopting sustainable practices to minimize environmental impact while meeting regulatory standards.

Increased Demand for Autoflowering Seeds: Autoflowering seeds are gaining traction due to their shorter growth cycles, resistance to environmental stress, and ease of cultivation. These attributes make them ideal for both commercial growers and hobbyists.

Technological Innovations in Seed Breeding: Companies are leveraging genetic engineering to create seeds with tailored cannabinoid profiles, enhanced flavors, and higher resistance to diseases. Such innovations are setting new benchmarks in seed quality.

Geographic Expansion of Legal Markets: The legalization of cannabis in new regions, such as parts of Asia and Africa, is unlocking untapped potential for seed producers. This trend is expected to continue as more countries revise their cannabis regulations.

Integration of Blockchain in Supply Chains: Blockchain technology is being used to enhance traceability and transparency in the cannabis seeds market. This innovation ensures the authenticity of seeds and helps combat counterfeit products.

Future Growth Opportunities

The future of the cannabis seeds market is bright, with opportunities emerging across various segments. Medical cannabis is anticipated to remain a dominant application, as healthcare providers increasingly prescribe cannabis-based treatments for conditions like chronic pain, epilepsy, and anxiety. Additionally, recreational cannabis markets are expanding, particularly in North America and Europe, where governments continue to relax regulations.

Furthermore, industrial hemp production offers growth opportunities for cannabis seeds, given the rising demand for hemp-derived fibers, textiles, and biofuels. Collaborative research initiatives and government incentives for hemp cultivation are further accelerating this trend.

Conclusion

Cannabis seeds market stands at the forefront of a transformative era driven by legalization, innovation, and evolving consumer preferences. With its integration into various industries, the market is poised for significant growth. Companies that prioritize sustainable practices, technological advancements, and strategic partnerships will be well-positioned to capitalize on the vast opportunities shaping the global cannabis industry landscape.

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[rohanisblog]

Global Indoor Farming Trends: Market to Grow at 10.1% CAGR to 2031

Astute Analytica, a prominent market research firm, has recently published a comprehensive report that offers an extensive analysis of the global Indoor Farming market. This report goes beyond mere statistics, providing deep insights into various critical aspects such as market segmentation, key players, market valuation, and regional overviews. It serves as a valuable resource for businesses and stakeholders seeking to navigate this evolving industry landscape. 

Market Valuation 

The report includes a thorough evaluation of the market valuation, drawing from historical data, current trends, and future projections. By employing rigorous analytical methods, it effectively captures the growth trajectory of the market. This detailed assessment allows businesses to understand the factors driving growth and make informed decisions regarding investments and strategic initiatives.

Global Indoor Farming Market is estimated to witness a rise in revenue from US$ 28.7 billion in 2022 to US$ 67.0 billion by 2031 at a healthy CAGR of 10.1% during the forecast period 2023-2031. 

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Comprehensive Market Overview 

Astute Analytica's report provides a holistic overview of the global Indoor Farming market. It encapsulates a wide array of information related to market dynamics, including growth drivers, challenges, and opportunities. Stakeholders can leverage these insights to formulate effective strategies and maintain a competitive edge in the market. 

Key Players in the Market 

The report identifies and profiles the major players who are influencing the global Indoor Farming market. Through meticulous research, it presents a clear view of the competitive landscape, detailing the strategies, market presence, and significant developments of leading companies. This section is vital for stakeholders who wish to understand the positioning and actions of their competitors. 

Key Companies: 

AeroFarms

AgriCool

Argus Control Systems

Bowery Farming

BrightFarms

Everlight Electronics

EXDIN Solutions

General Hydroponics

Gotham Greens

GP Solutions

Heliospectra AB

Infarm

Iron Ox

LumiGrow

Signify Holding

Sky Greens

SPREAD Co., Ltd.

Other Prominent Players

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Segmentation Analysis 

A crucial component of the report is the segmentation analysis, which delves into various market segments based on industry verticals, applications, and geographic regions. This detailed examination provides stakeholders with a nuanced understanding of market dynamics, enabling them to identify opportunities for growth and areas for investment. 

Market Segmentation: 

By Growing System:

Hydroponics

Aeroponics

Aquaponics

Soil-based

Hybrid

By Crop Type:

Common crops

Lettuce

Chard

Cabbage

Kale

Tomatoes

Spinach

Herbs

Basil

Mint

Chives

Parsley

Microgreens

By Technology:

Controlled Environment Agriculture

Dosing systems

Sterilization Systems

Chemical disinfection

Lighting

Fluorescent grow lights

LED lighting

Air control

CO2 gassing

Compressed CO2

The Internet of Things - IoT

Sensors

By Region:

North America

The U.S.

Canada

Mexico

Europe

Western Europe

The UK

Germany

France

Italy

Spain

Rest of Western Europe

Eastern Europe

Poland

Russia

Rest of Eastern Europe

Asia Pacific

China

India

Japan

Australia & New Zealand

South Korea

ASEAN

Rest of Asia Pacific

Middle East & Africa (MEA)

UAE

Saudi Arabia

Rest of MEA

South America

Argentina

Brazil

Rest of Latin America

 Research Methodology 

Astute Analytica is recognized for its rigorous research methodology and dedication to delivering actionable insights. The firm has rapidly established a solid reputation by providing tangible outcomes to clients. The report is built on a foundation of both primary and secondary research, offering a granular perspective on market demand and business environments across various segments. 

Beneficiaries of the Report 

The insights presented in this report are invaluable for a range of stakeholders, including: 

Industry Value Chain Participants: Those directly or indirectly involved in the Indoor Farming market need to stay informed about leading competitors and current market trends. 

Analysts and Suppliers: Individuals seeking up-to-date insights into this dynamic market will find the report particularly beneficial. 

Competitors: Companies looking to benchmark their performance and assess their market positions can leverage the data and analysis provided in this research. 

Astute Analytica's report on the global Indoor Farming market is an essential resource that empowers stakeholders with the knowledge needed to navigate and thrive in this competitive landscape. 

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Astute Analytica is a global analytics and advisory company that has built a solid reputation in a short period, thanks to the tangible outcomes we have delivered to our clients. We pride ourselves in generating unparalleled, in-depth, and uncannily accurate estimates and projections for our very demanding clients spread across different verticals. We have a long list of satisfied and repeat clients from a wide spectrum including technology, healthcare, chemicals, semiconductors, FMCG, and many more. These happy customers come to us from all across the globe.

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[creativeera]

Hydroponics Market Poised for Rapid Growth Revolutionizing Agriculture with Sustainable, Soilless Cultivation

Hydroponics is the process of growing plants in a soilless environment with mineral nutrient solutions instead of soil. Hydroponics offers several advantages over traditional soil-based agriculture such as higher yield per unit area, minimal environmental effect, and independence from weather and pests. Hydroponic systems provide the plants with essential nutrients and water directly to their roots through dissolvable fertilizers. It makes use of less water as there is no run-off and drainage and produces quicker growth of plants.

The Hydroponics Market is estimated to be valued at US$ 10.6 billion in 2028 and is expected to exhibit a CAGR of 12% over the forecast period 2028. Key Takeaways Key players operating in the Hydroponics Market are Argus Control Systems Ltd., BrightFarms Inc., Circle Fresh Farms, Horti Tech, Hydrodynamics International, and Koninklijke Philips NV. Hydroponics facilitates higher yields and more frequent harvests per year compared to traditional farming. It produces yields 4-6 times greater than soil-based agriculture while using 95% less water. Key players are expanding their production facilities globally to meet the growing demand for contamination-free vegetables and fruits. The growing Hydroponics Market Growth for organic foods and rising environmental concerns over conventional farming practices are fueling the adoption of hydroponics worldwide. Furthermore, scarcity of arable land and shortage of freshwater resources are encouraging farmers to opt for sustainable soilless cultivation techniques. Countries in Asia Pacific and Middle East & Africa regions are increasingly implementing hydroponic farming systems to ensure food security. Market Key Trends One of the major trends in the hydroponics market is the increasing investment in indoor vertical farming projects. Indoor vertical farms maximize space utilization and enable year-round production regardless of weather conditions. Led by artificial intelligence (AI) and Internet of Things (IoT), they facilitate real-time monitoring of hydroponic parameters for optimum plant growth. With several notable projects underway, vertical farming is expected to revolutionize urban agriculture.

Porter's Analysis Threat of new entrants: Low startup costs and technical know-how are relatively low barriers for new entrants in hydroponics market. Bargaining power of buyers: Large retail buyers and online platforms have significant bargaining power against hydroponics suppliers. Bargaining power of suppliers: Specialized equipment manufacturers and distributors of hydroponic nutrients have some bargaining power over cultivators. Threat of new substitutes: Technologies like aeroponics and aquaponics pose threat of substitution to hydroponics systems in long run. Competitive rivalry: Many small and medium scale cultivators compete intensely to supply vegetables through grocers as well as online platforms. Geographical Regions North America accounts for the largest share in global hydroponics market, driven by early adoption and higher consumer spend in the US and Canada. Countries like Netherlands, Germany, Spain are the major markets in Europe due to emphasis on sustainable agricultural practices. Major share of hydroponics produce in Asia Pacific is concentrated in China, Japan and Australia owing to land and water constraints in these densely populated nations. The fastest growing regional market for hydroponics is Latin America led by Brazil, Chile and Colombia. This growth can be attributed to rising area under greenhouse cultivation supported by government initiatives and increasing exports of high value crops. Countries like Kenya and Morocco in Africa are also emerging as lucrative markets for hydroponics with growing commercial greenhouse industry.

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[lesverts1]

Revolutionizing Agriculture: Exploring Hydroponics in Canada

The Rise of Hydroponics in Canada

Canada’s agricultural sector has traditionally been limited by its climate, with most regions experiencing long, harsh winters and short growing seasons. This has historically forced Canadians to rely on imported fruits and vegetables, particularly during the colder months. However, with the advent of hydroponics, these challenges are being addressed in an innovative and eco-friendly manner.

Hydroponics involves growing plants in a controlled environment, where their roots are submerged in nutrient-rich water instead of soil. This method allows for precise control over the growing conditions, including temperature, light, and humidity, which are essential for optimal plant growth. It also eliminates the risk of soil-borne diseases and pests, ensuring healthier and more productive plants.

Benefits of Hydroponics for Canadian Agriculture

One of the most significant advantages of hydroponics is its ability to produce fresh, high-quality produce year-round, regardless of the weather conditions. In Canada, hydroponic canada where winter temperatures can drop well below freezing, this is a game-changer. Hydroponic systems can be set up indoors, in greenhouses, or even in urban settings, allowing for local production of fruits, vegetables, and herbs.

Moreover, hydroponics uses significantly less water than traditional farming methods. In a country where water conservation is becoming increasingly important, this is a crucial benefit. The closed-loop systems used in hydroponic farming recirculate water, reducing waste and minimizing the environmental impact. This makes hydroponics a sustainable and eco-friendly option for Canadian farmers and gardeners alike.

Hydroponic farming also requires less space than traditional agriculture, making it ideal for urban areas where land is scarce and expensive. Vertical farming, a popular hydroponic method, maximizes space by growing plants in stacked layers. This is particularly beneficial in cities like Toronto and Vancouver, where the demand for locally grown produce is high.

Economic Opportunities and Challenges

The hydroponics industry in Canada is growing rapidly, hydroponic garden with new businesses and startups emerging across the country. This growth is creating jobs and stimulating economic development, particularly in rural areas where traditional farming may no longer be viable. Additionally, the demand for locally grown, organic produce is driving the expansion of hydroponic farms.

However, the hydroponics industry in Canada also faces several challenges. The initial setup costs for hydroponic systems can be high, particularly for large-scale operations. This can be a barrier for small farmers and entrepreneurs looking to enter the market. Additionally, the technology and expertise required to operate a hydroponic farm can be complex, necessitating specialized knowledge and training.

Despite these challenges, the future of hydroponics in Canada looks bright. With advances in technology and increasing awareness of the benefits of sustainable farming practices, hydroponics is poised to play a significant role in the country’s agricultural future.

[shubhampawrainfinium]

"AR in Agriculture: Enhancing Efficiency or Just Overcomplicating Simple Tasks?"

As the market is still in its nascent stage, its growth is primarily driven by the increasing global demand for food, the rising population, the trend of digitalization in both industry (Industry 4.0) and agriculture (Agriculture 4.0), the need for simulated training, and the importance of precise field monitoring.

Digital technology has increasingly influenced various industries in recent years, and agriculture is no exception. Augmented Reality has emerged as a transformative force within the agricultural sector, offering innovative solutions that enhance productivity, efficiency, and sustainability.

Key Applications of Augmented Reality in Agriculture

Precision Farming: AR enables farmers to visualize and analyze critical data such as soil conditions, crop health, and weather patterns in real-time. This facilitates informed decision-making related to planting, irrigation, and harvesting, which leads to increased crop yields and optimized resource usage.

Training and Education: AR technology offers immersive training experiences, providing farmers with step-by-step guidance on equipment operation, crop management, and pest control. This contributes to skill development and better knowledge retention among agricultural professionals.

Remote Assistance: Farmers can receive virtual assistance from remote experts through AR-powered devices such as smart glasses or mobile phones. This helps in quick issue resolution, reducing downtime and improving overall farm productivity.

Crop Monitoring and Management: AR applications assist in monitoring crop health by overlaying real-time data on the condition of plants. This allows for early identification of diseases, pests, and nutrient deficiencies, enabling timely intervention and preventing potential yield losses.

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Benefits of Augmented Reality in Agriculture

Increased Efficiency: AR streamlines farm operations by providing timely information, reducing the need for manual tasks, and optimizing the use of resources.

Improved Decision-Making: Access to real-time data enables farmers to make more informed decisions regarding crop management, resource allocation, and overall farm strategy.

Sustainability: AR-facilitated precision farming practices contribute to sustainable agriculture by minimizing resource wastage, reducing environmental impact, and optimizing input usage.

Enhanced Productivity: AR tools lead to increased productivity through efficient resource management, improved crop management, and reduced operational downtimes.

Understanding Augmented Reality in Agriculture

Augmented Reality involves overlaying digital information onto the physical world, providing users with an enriched and interactive experience. In agriculture, AR integrates digital insights with the physical environment to deliver real-time data, insights, and visualizations to farmers and agricultural professionals. This technology utilizes devices such as smart glasses, smartphones, and tablets to create an immersive and informative environment.

Market Impact

The global shift towards digitization, industrialization, and sustainability has created significant opportunities for companies to invest in advanced technological tools within agriculture. Digitization is particularly evident in precision agriculture, smart farming, artificial intelligence (AI), the Internet of Things (IoT), and big data analytics, with North America and Europe leading the market.

Market Segmentation

By Application:

Indoor Farming

Outdoor Farming

By Solution:

Hardware

Software

Service

By Region:

North America: U.S., Canada, and Mexico

Europe: Germany, France, Netherlands, Italy, and Rest-of-Europe

U.K.

Asia-Pacific: Japan, India, Australia and New Zealand, and Rest-of-Asia-Pacific

China

Rest-of-the-World: South America, Middle East, and Africa

Recent Developments in the Global Augmented Reality in Agriculture Market

June 2022: Rams Creative Technologies Pvt. Ltd. announced a new partnership with Microsoft’s Mixed Reality Program (MRPP), a program designed by Microsoft for companies involved in designing, developing, and deploying mixed reality and augmented reality solutions for enterprises.

January 2022: Augmenta and Arva Intelligence entered into a partnership to promote affordable farm-ready automation, environmental enhancement, and carbon offsetting.

Report Overview : https://www.infiniumglobalresearch.com/market-reports/global-ar-in-agriculture-market

Market Drivers and Challenges

Drivers:

Digitization driving the next agricultural revolution (Agriculture 4.0)

AR as a tool for precise field monitoring

Growing demand for spatial computing applications

Challenges:

Lack of awareness

Limited research and development (R&D) and agricultural use-cases for AR

Conclusion

Augmented Reality is ushering in a new era of smart and sustainable farming practices in agriculture. By providing real-time data, enhancing decision-making, and optimizing resource use, AR is becoming an invaluable tool for farmers to meet the challenges of modern agriculture. As the market continues to develop, the integration of technology and agriculture is set to revolutionize food production and the management of agricultural resources.

[futuristicpaintercat]

Medicinal Cannabis Market Driving Growth Owing to Increased Legalization

Medicinal cannabis, also known as medical marijuana, refers to using the whole unprocessed marijuana plant or its basic extracts to treat symptoms of illnesses and other conditions. It is most commonly used to treat chronic pain, muscle spasms, nausea caused by chemotherapy, neurological disorders, epilepsy, and mental disorders such as depression, anxiety and post-traumatic stress disorder. The legalization of medicinal cannabis across various countries is fueling its demand as an alternative to prescribed medication to treat medical ailments.

The Global Medicinal Cannabis Market is estimated to be valued at US$ 14589.08 Bn in 2024 and is expected to exhibit a CAGR of 13.% over the forecast period 2024 to 2031. Key Takeaways Key players operating in the Medicinal Cannabis Market are Deere & Company, AGCO Corporation, Agribotix LLC, Agrobot and Blue River Technology. These players are focusing on introducing advanced technologies for cultivation and production of cannabis to meet the growing demand. The key opportunities in the market include expanding product portfolio, strategic partnerships, and increasing geographical presence. Various countries are legalizing cannabis for medical use which is creating new opportunities for market players. Technological advancements such as controlled environment agriculture, artificial intelligence, indoor farming, and analytics are enabling efficient cultivation of cannabis. Smart greenhouses with sensors and robotic equipment are helping increase yield while reducing production costs. Market Drivers Increased legalization of medicinal cannabis across major countries is a key driver boosting the market growth. Countries like Canada, Germany, Italy, Australia, Chile, Colombia, and several U.S. states have legalized medical cannabis over the past decade. This has expanded access to patients and increased production. Growing acceptance of cannabis in treating health issues is further fueling the demand. Rising investments in development of advanced cannabis varieties through plant breeding is also propelling the market.

Current Challenges in Medicinal Cannabis Market The Medicinal Cannabis Market Demand is still evolving with various challenges. One major challenge is the variable legality and regulations across different geographies. While many countries and states have legalized medical cannabis, it is still considered as an illegal drug in others. This regulatory uncertainty poses difficulty for businesses to expand globally and gain acceptance. Another challenge is the limited number of high-quality clinical studies to prove the medical efficacy and advantages of various cannabis-based medicines. More extensive research is still needed to understand the potential of cannabis-based therapeutics better. On the production front, developing standardized cultivation and manufacturing practices is challenging due to the complexity involved. This impacts the consistency and quality of medical cannabis products. Lastly, with medical cannabis being a new category, its acceptance among medical professionals and patients is still a work in progress which requires more awareness and advocacy.

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[rupalic]

Exploring the Lucrative Indoor Farming Technology Market

Indoor farming technology encompasses a range of innovative methods and tools designed to facilitate the cultivation of crops in controlled indoor environments. This approach is gaining popularity due to its potential to address challenges such as limited arable land, water scarcity, and climate variability.

The indoor farming technology market size is expected to grow at a compound annual growth rate (CAGR) of 9.7% in terms of value, from USD 20.3 billion by 2023 to USD 32.3 billion by 2028.

North America is expected to increase its market share in the indoor farming technology market during the forecast period.

North America is expected to increase its market share in the market for indoor farming technology and is projected to grow at the 2nd highest CAGR from 2023 to 2028. Because of the increasing rise of greenhouses and vertical farms in the United States and Canada, North America is one of the greatest indoor farming technology marketplaces. This agricultural concept, which is supported by the US government, has been promoted by cultivators. Hydroponic gardening techniques and technology are becoming increasingly popular in cities to help grocery stores produce fresh veggies. The years 2021 and 2022 were great for indoor agriculture and vertical farming. Private funding resulted in over USD 1.6 billion in investments in the United States, M&A activity increased, and several indoor farms went public. Following a decline in investments due to the epidemic in 2020, investments have now rebounded to higher levels than before.

Key components and technologies associated with indoor farming:

LED Lighting Systems:Advanced LED (Light Emitting Diode) lighting is crucial for providing the right spectrum of light for photosynthesis in plants. These systems are energy-efficient and allow growers to customize light conditions for specific crops.

Hydroponics and Aeroponics:Hydroponic systems involve growing plants in nutrient-rich water without soil, while aeroponics involves suspending plant roots in a misty environment. Both methods provide precise control over nutrient delivery and optimize resource utilization.

Vertical Farming:Vertical farming involves stacking crops in layers or vertically inclined surfaces. This maximizes space utilization and allows for higher crop yields in smaller areas. Vertical farms often integrate controlled environmental conditions.

Automation and Robotics:Automation and robotics play a significant role in indoor farming, assisting in tasks such as seeding, planting, harvesting, and even monitoring environmental parameters. This leads to increased efficiency and reduced labor costs.

Climate Control Systems:Indoor farms use sophisticated climate control systems to regulate temperature, humidity, and airflow. These systems create an optimal environment for plant growth, regardless of external weather conditions.

IoT (Internet of Things) and Sensors:IoT devices and sensors are employed to monitor and collect data on various factors such as temperature, humidity, nutrient levels, and crop health. This data is then analyzed to make informed decisions and adjustments for optimal crop growth.

Biotechnology and Genetic Engineering:Biotechnological advancements, including genetic engineering, are employed to develop crops with desirable traits such as resistance to pests, diseases, or improved nutritional content.

Artificial Intelligence (AI) and Machine Learning:AI and machine learning algorithms are used to analyze vast amounts of data collected from indoor farms. This helps in predicting optimal cultivation conditions, disease detection, and overall farm management.

Container Farming:Containerized farming involves growing crops in repurposed shipping containers. These compact, portable units can be placed in various locations, making them suitable for urban farming and addressing space constraints.

Aquaponics:Aquaponics combines aquaculture (fish farming) with hydroponics. The nutrient-rich water from fish tanks is used to fertilize plants, and the plants help purify the water, creating a symbiotic relationship between fish and plants.

Major players profiled in the indoor farming technology industry:

EVERLIGHT ELECTRONICS CO., LTD (Taiwan)

Heliospectra AB (Sweden)

Argus Control Systems Limited (Canada)

Lumigrow, Inc (Canada)

weisstechnik (US)

LOGIQS.B.V. (Netherlands)

 Illumitex (US)

Market Driver: Rising demand for fresh foods with higher nutritive value

Indoor farming refers to the cultivation of crops or plants of both large and small sizes. Indoor farming is used on a wide scale to supplement local food sources and give consumers nutritious, fresh products. Because this farming method manages plant-fertilizing nutrients, the food generated using this technology is extremely nutritious. Indoor farming allows for the cultivation of a wide range of crops, including leafy vegetables, herbs, vegetables, fruits, micro greens, and flowers. Indoor vertical farming methods produce organic food that is free of agrochemical contamination. As a result, the increasing consumer demand for pesticide and herbicide-free food, as well as the growing need to reduce the carbon footprint of traditional agricultural practices, are driving forces for indoor vertical farming. For example, in 2016, Fujitsu Limited (Japan) established a vertical farming initiative in which lettuce with a low potassium level was cultivated, resulting in exceptionally nutritious lettuce with no unpleasant taste for people with kidney disease.

Key Questions Addressed by the Report:

How big is the indoor farming technology market?

What are the drivers and opportunities for the Indoor farming technology market?

Which region is expected to hold the highest market share?

What is the most profitable crop for indoor farming?

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Indoor Farming Market Outlook for Forecast Period (2023 to 2030)

Indoor Farming Market was valued at USD 34790 million in 2021 and is expected to reach USD 53570 million by the year 2028, at a CAGR of 6.36%.

The rising interest in indoor farming has been acting as a critical point for the food supply chain as the world population is expected to gain 9.8 billion by 2050, and the effects of global warming on nutrient depletion in crops have been posing as a threat for crop production. In these situations, indoor farming has been proving to be an efficient way to produce more food with few resources than conventional farming, without depending on arable land availability and external climate conditions. The indoor farming industry is prominently by the greenhouse technologies, but due to increasing technological innovations and interest among the growers, other branches, such as aeroponics and hydroponics, are also observed to be growing.

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Leading players involved in the Indoor Farming Market include:

Philips Lighting, Everlight Electronics, Argus Controls Systems, Netafim, Lumigrow, Logiqs, Illumitex, Vertical Farm Systems, Hydrodynamics International, General Hydroponics, Richel Group, American Hydroponics, Agrilution and Other Major Players. 

The latest research on the Indoor Farming market provides a comprehensive overview of the market for the years 2023 to 2030. It gives a comprehensive picture of the global Indoor Farming industry, considering all significant industry trends, market dynamics, competitive landscape, and market analysis tools such as Porter's five forces analysis, Industry Value chain analysis, and PESTEL analysis of the Indoor Farming market. Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years. The report is designed to help readers find information and make decisions that will help them grow their businesses. The study is written with a specific goal in mind: to give business insights and consultancy to help customers make smart business decisions and achieve long-term success in their particular market areas.

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Segmentation of Indoor Farming Market:

By Growing System

Alumina

Titanite

Zirconia

Silicon Carbide

Aluminum Nitride

Silicon Nitride

Other

By Facility Type

Monolithic Ceramics

Ceramic Matrix Composites

Ceramic Coating

By Crop Type

Electrical and Electronics

Transportation (Aerospace & Automotive)

Medical Industrial Defense

Security Chemical

Other

Market Segment by Regions: -

North America (US, Canada, Mexico)

Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)

Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)

Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)

Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)

South America (Brazil, Argentina, Rest of SA)

Reasons for Acquiring this Report:

1. Strategic Decision-Making for Government Leaders and Politicians:

Gain insights into the global Indoor Farming Market Growth 2023-2030 market revenues at global, regional, and national levels until 2030. Assess and strategize market share based on comprehensive analysis, enabling informed decision-making. Identify potential markets for exploration and expansion.

2. Informed Decision-Making for Professionals and Product Developers:

Access a detailed breakdown of the Indoor Farming Market Growth 2023-2030 market worldwide, including product variations, use cases, technologies, and final consumers. Allocate resources effectively by anticipating demand patterns for emerging products. Stay ahead in product development by understanding market dynamics and consumer preferences.

3. Strategic Planning for Sales Managers and Market Stakeholders:

Utilize market breakdowns to target specific segments, optimizing sales strategies. Address challenges and capitalize on expansion opportunities highlighted in the report. Mitigate threats effectively with a comprehensive understanding of market risks.

4. Comprehensive Understanding for Executives:

Analyze primary drivers, challenges, restrictions, and opportunities in the global Laboratory Clothes market. Develop effective strategies by gaining insights into market dynamics. Allocate resources based on a thorough understanding of market conditions.

5. Competitive Intelligence:

Obtain a detailed analysis of competitors and their key tactics in the Indoor Farming Market Growth 2023-2030. Plan market positioning based on a comprehensive understanding of the competitive landscape. Stay ahead by learning from competitors’ strengths and weaknesses.

6. Accurate Business Forecasting:

Evaluate the accuracy of global Indoor Farming Market Growth 2023-2030 business forecasts across regions, major countries, and top enterprises. Make data-driven decisions with confidence, minimizing risks associated with inaccurate forecasts. Stay ahead of industry trends by aligning business strategies with reliable forecasts.

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Canada Horticulture Market Outlook, Demand, Forecast 2022-2029

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated Canada horticulture market size at USD 1.78 billion in 2022. During the forecast period between 2023 and 2029, BlueWeave expects Canada horticulture market size is to grow at a CAGR of 10.02% reaching a value of USD 3.17 billion by 2029. Growing consumer knowledge of environmental and health issues is one of the main drivers propelling the expansion of the Canadian horticulture business. This awareness is also driving consumers to want more locally grown and organic products. As a result, urban farming, community-supported agriculture (CSA), and farmers' markets have increased. Also, environmentally friendly and sustainable practices are gaining popularity, with a focus on integrated pest management, effective irrigation methods, and water saving. There is a rise in vertical farming and indoor gardening, which take advantage of cutting-edge technology like hydroponics and aquaponics. As Canadians invest more in enhancing the beauty of their homes and outdoor areas, the market is shifting in favor of ornamental plants and landscaping services.

Canada Horticulture Market – Overview

Horticulture is the branch of agriculture that focuses on the cultivation, management, and study of plants, primarily those used for ornamental purposes, food production, and landscaping. It encompasses a wide range of activities, including growing fruits, vegetables, flowers, and herbs, as well as the maintenance of gardens, parks, and nurseries. Horticulture combines scientific knowledge and techniques with practical skills to maximize plant growth, improve crop yields, and enhance the aesthetic appeal of outdoor spaces. It involves various practices, such as plant propagation, pest control, soil management, and irrigation. Horticulture plays a vital role in providing food security, preserving biodiversity, and creating visually appealing landscapes for human enjoyment.

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Impact of COVID-19 on Canada Horticulture Market

The COVID-19 pandemic significantly impacted the Canada horticulture market. As the virus spread and restrictions were imposed, the horticulture industry faced numerous challenges. Lockdowns and social distancing measures disrupted the supply chain, leading to labor shortages and difficulty in sourcing inputs. Retail sales were also affected as garden centers and nurseries faced temporary closures or reduced operations. However, there was an increased interest in home gardening and plant cultivation as people spent more time indoors. Online sales and direct-to-consumer models gained prominence. The horticulture market witnessed a shift in consumer preferences towards sustainable and locally sourced products. Despite the challenges, the industry demonstrated resilience and adapted to the evolving market conditions.

Canada Horticulture Market – By Propagation

By propagation, Canada horticulture market is divided into Seed, Vegetative, Layering & Cutting, Grafting, and Breeding segments. The seed segment dominates the market share. This segment involves the production and distribution of plants through the use of seeds. It encompasses activities such as seed collection, processing, and sales. The seed segment is crucial in horticulture as it serves as the foundation for plant growth and development. It allows for the cultivation of a wide variety of plants, including fruits, vegetables, and ornamental plants. Due to the diverse agricultural practices and consumer demand for different plant species, the seed segment holds significant importance and contributes significantly to the overall horticulture industry in Canada.

Competitive Landscape

Canada horticulture market is fiercely competitive. Major companies in the market include Sunrite Greenhouses Ltd, Mucci Farms, NatureFresh Farms, Mastronardi Produce Ltd, Village Farms International Inc., Windset Farms, Red Sun Farms, BC Hot House Foods Inc., Quebec Hothouse, and Greenhouse Vegetable Growers (GVG). These companies use various strategies, including increasing investments in their R&D activities, mergers, and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in Canada horticulture market.

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Landscape of the Worldwide Indoor Farming Technologies Market Outlook: Ken Research Buy Now The Indoor farming is an approach of increasing the crops frequently on a great scale, wholly indoors.

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Hydroponics Market - Forecast (2022 - 2027)

Hydroponics Market Overview:

As per a 2015 study conducted by researchers at the University of Sheffield’s Grantham Centre for Sustainable Futures, 33% of the global arable land has been degraded in the last 40 years.[1] Soil erosion, pollution, traditional methods of ploughing land, and heavy use of fertilizers have led to the rise in non-arable land. Hydroponics is a process of growing a variety of vegetable and fruit plants with the utilization of mineral nutrient solutions in liquid, sand, or gravel while discarding the use of soil, chemical fertilizers, and pesticides. Hydroponics forms part of hydroculture and is a modern, eco-friendly farming and agricultural practice.

The growing population coupled with the decreasing agriculture land has increased the demand for food products. Traditional agricultural methods cannot handle the growing global demand for due to the exponentially increasing population. Water scarcity is another relevant factor associated with traditional farming practices. Thus, hydroponics has started to gradually replace traditional agricultural methods. The global hydroponics market was valued at $293.12m in 2018 and is projected to grow at a healthy compound annual growth rate (CAGR) of 16.45% during the forecast period 2019-2025.

Europe held the prominent share of the global hydroponics market, estimated at 43.56%, in 2018. Extensive utilization of technology for hydroponics adoption has enabled Europe to enjoy a maximum market share. The easy availability of equipment such as LED lights, HVAC systems, submersible pumps, nutrient film technique (NFT), and electrical conductivity meters has favored the growth of the hydroponics market in the region.

Based on crop type, the hydroponics market is segmented into vegetables, fruits, flowers and foliage, herbs, and others. Vegetable hydroponics is used for growing cucumber, tomatoes, potatoes, capsicums, lettuce, coriander, and others. Increasing demand for organic vegetables, water scarcity, and unpredictable climate conditions are some of the prominent aspects escalating the demand for vegetable hydroponics. The vegetable hydroponics application segment is estimated to grow with a healthy CAGR of 13.73% through 2025.

Hydroponics Market Growth Drivers:

·         Higher yield and profit

Traditional agricultural practices involve various procedures and steps to cultivate plants. The yield is more likely influenced by soil nutrients, fertilizers, water, and moreover,  climatic conditions. In hydroponics technique,  plants are grown using mineral nutrient solutions without of the need for soil and chemical fertilizers. Consequently, the yield cannot be hindered by the factors that influence traditional practices.

·         Growing food demand

The global population is increasing drastically, which is subsequently rising the demand for food. In hydroponics farming, the yield rate is very high and plants grow at faster rate as compared to soil plants.

·         Water scarcity

Conventional farming methods utilize a large amount of water till harvesting. Water acts as a threat as the total yield of the crop depends upon the availability of water. In contrast, hydroponics requires very low amount of water for growing plants. Owing to its low water utilization factor, hydroponics is gaining momentum.

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Hydroponics Market Key Players Perspective:

Argus Control Systems Ltd, one of the leading market players, has partnered with Hydrofarm Holdings Group, Inc. This partnership aims to provide sophisticated environmental systems and services for hydroponic production in the U.S. and Canada.

Other key players in the hydroponics market include Agrexco Agricultural Export Company Ltd., Achdut Ltd., Agri-Plas, Inc., Koninklijke Philips NV, American Hydroponics, Anglebase Ltd., Asmir Growing Equipment Co.Ltd, CropKing Inc., and Daesan Precision Co., Ltd.

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Hydroponics Market Trends –

·         Hydroponic Indoor Gardens

The growing trend of building indoor gardens has given a huge boost to the hydroponics market It provides people, primarily in urban areas, to grow organic vegetables with the use of hydroponics technology.

·         LED lights

Plants require light to grow. In hydroponics, the light is provided using LED grow lights. The light spectrum vented by LED lights has been proven to be productive in stimulating the growth of plants.

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Hydroponics Market Research Scope:

The base year of the study is 2018, with forecast done up to 2025. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the hydroponics market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The key areas of focus include the types hydroponics systems, and their specific applications in different areas.

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Hydroponics Market Report: Industry Coverage

The hydroponics market can be fragmented on the basis of type, equipment, crop, and geography. Based on the type, the market can be divided into wick system, water culture, EBB & FLOW, others. By equipment, the market can be segmented into growing chamber, submersible pump, growing LED, and others. By crop, the market can be bifurcated into vegetables, fruits, flowers and foliage, herbs, and others.

The hydroponics market report also analyzes the major geographic regions for the market as well as the major countries for the market in these regions. The regions and countries covered in the study include:

•           North America: The U.S., Canada, Mexico

•           South America: Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, Costa Rica

•           Europe: The U.K., Germany, Italy, France, The Netherlands, Belgium, Spain, Denmark

•           APAC: China, Japan, Australia, South Korea, India, Taiwan, Malaysia, Hong Kong

•           Middle East and Africa: Israel, South Africa, Saudi Arabia

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North America Vertical Farming Market – Analysis and Forecast (2018 - 2024)

The Vertical farming technique uses a (controlled-environment agriculture) CEA technology that helps in preserving the natural environment that helps in producing the crops to ensure even distribution of crops in densely populated areas. The techniques help in eliminating the excessive expenditure incurred by the commercial grower on a rain-forest system. This technique is also helping the commercial growers to grow the fruits and vegetables that comprise increased demand throughout the year irrespective of any alteration in climate. The crops grown using this technique are helping people to consume fresh and toxin-free produce as the crops are produced with the help of an organic approach.

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Industry Dynamics

Growth Drivers

The increasing adoption of techniques that are conducive for the climate and increasing demand for organic products is the primary factor aiding the growth of the vertical farming market in the region. The demand for organic products in the region is increasing at a rapid pace owing to the nutritional content available in those products. The content of antioxidants is greater in organic products than those available in conservatively produced crops. The use of this technique requires less water than the traditional vertical farms and as the result, it greatly saves the energy requirement for the manufacturers that are contributing towards the enhanced demand for the vertical farming market in the region.

Geography Overview

Geographically, North America is the largest vertical farming market as the people of North America are increasingly demanding organic foods due to increasing awareness for consuming a healthy diet. The people of this region are becoming conservative in their consumption approach and are increasingly consuming healthy food. The region is creating spaces for building building-based vertical farms and it is helping the manufacturers to satisfy the increasing demand of the consumers for food. Moreover, vertical farming is enabling the region to fulfill the required demands of the consumers as commercial growers are developing vertical farms in this region and will continue to do so in the near future.

Competitive Insight

Some of the key players operating in the North American vertical farming market are AeroFarms, Gotham Greens, Bright Farms, Vertical Harvest, Home Town Farms, Infinite Harvest, Lufa Farms, Beijing IEDA Protected Horticulture, Farmed Here, Garden Fresh Farms, Metro Farms, Green Sense Farms, Indoor Harvest, Sky Vegetables, Sundrop Farms, and Ecopia Farms.

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VynZ Research is a global market research firm offering research, analytics, and consulting services on business strategies. We have a recognized trajectory record and our research database is used by many renowned companies and institutions in the world to strategize and revolutionize business opportunities. The company focuses on providing valuable insights on various technology verticals such as Chemicals, Automotive, Transportation, Energy, Consumer Durables, Healthcare, ICT and other emerging technologies. READ MORE…

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Global UV LED Market Size, Segments, Outlook, and Revenue Forecast 2022-2028: Ken Research

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What is the Expected Future Outlook for the Overall Global UV LED Market Across the globe?

The Global UV LED market was valued at USD ~billion in 2022P and is anticipated to reach USD ~billion by the end of 2028F, witnessing a CAGR of ~% during the forecast period 2022P-2028F. The realistic growth scenario represents the most likely scenario as per current market conditions. This scenario assumes that there will be no overall impact on the market due to any potential COVID-19 waves in the future.

The Global UV LED market is driven by factors such as increasing adoption of smart home devices across countries. The growing trend of horticulture and indoor farming in developing countries. However, the market is also constantly being influenced by rapid development in technology, product innovation, and diversification in some countries.

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Increasing government energy-saving policies, and strategies are one of the major factors propelling UV LED market growth.

For instance, in August 2022, the U.S. Department of Energy, an executive department of the U.S. federal government, released two reports focused on better understanding the current state and viability of commercial ultraviolet (UV) LED products. First, initial UV LED standards and distinctions with white LEDs, followed by an operating lifetime study of UV LED products.

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With the increasing innovation and technology, the Global UV LED market is changing rapidly. For instance, In May 2022, Fujifilm, a Japanese photography company, launched the Active Hybrid LED UV retrofit system, to be installed on new presses or retrofitted to existing equipment by label and packaging converters. In addition, the system combines high-power, low-heat LED UV curing technologies with Fujifilm's ink expertise to strengthen label production on narrow web presses. Furthermore, in April 2022, Intertronics, a UK-based distribution company, launched its new range of LED UV curing flood lamps, namely the 'DymaxBlueWave FX-1250 LED UV Curing Flood Lamp,' which can cure LED matched UV curable adhesives, coatings, and inks with high uniformity, irradiances UV light.

The Global UV LED Market is forecasted to continue an exponential growth that is witnessed since 2017. The major driving factors contributing to the expansion of UV LEDs is increasing prevalence of water-borne diseases across countries, along with the Increasing government energy-saving policies, and strategies. Though the market is highly competitive with around ~500 participants, few country-niche players control the dominant share and regional players also hold a significant share.

By Product Type

UV-A

UV-B

UV-C

By Application

Light/UV Curing

Medical Field

Disinfection/Purification

Counterfeit Detection

By End User

Healthcare

Residential

Industrial

Commercial

By Geography

North America

S.

Canada

Mexico

Europe

Germany

UK

France

Italy

Spain

Rest of Europe

Asia Pacific

China

Japan

India

Australia

South Korea Rest of Asia Pacific

LAMEA

Latin America

Middle East

Africa

Key Players

Koninklijke Philips N.V.

Nichia Corporation

Nordson Corporation

Phoseon Technology

SemiLEDs Corporation

Seoul Semiconductor Co. Ltd.

Crystal IS, Inc.

Lumileds Holding B.V.

G Electronics

Sensor Electronics Technology

For more information on the research report, refer to the below link:

Global UV LED Market Size, Segments, Outlook, and Revenue Forecast 2022-2028: Ken Research

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Indoor Farming Technology Market to See Booming Growth | General Hydroponics, LumiGrow, Richel Group, agrilution

Advance Market Analytics published a new research publication on “Global Indoor Farming Technology Market Insights, to 2027” with 232 pages and enriched with self-explained Tables and charts in presentable format. In the study, you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market-associated stakeholders. The growth of the Indoor Farming Technology market was mainly driven by the increasing R&D spending across the world.

Major players profiled in the study are:

Philips Lighting (Netherlands), Argus Controls Systems (Canada), LumiGrow (United States) , Netafim (Israel), General Hydroponics (United States) , Logiqs (Netherlands) , Illumitex (United States), EVERLIGHT Electronics (Taiwan) , Richel Group (France) , Vertical Farm Systems (Australia), Hydrodynamics International (United States), agrilution (Germany)

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Scope of the Report of Indoor Farming Technology

Indoor Farming has significantly grown in the recent years, allowing a large amount of fresh and green vegetable produced in city environments, with minimum space and in less water utilization than conventional farming techniques. Indoor Farming refers to method of growing crops or plants, usually on a large scale, indoor. A wide variety of fruits, vegetables and herbs are grown. It is may be practiced in both on a small scale and large scale.

The Global Indoor Farming Technology Market segments and Market Data Break Down are illuminated below:

by Facility Type (Glass or Poly Greenhouses, Indoor Vertical Farms, Container Farms, Indoor Deep Water Culture (DWC) Systems), Crop Type (Fruits & Vegetables, Herbs & Microgreens, Flowers & Ornamentals, Others (cannabis and cannabis)), Growing System (Hydroponics, Aeroponics, Aquaponics, Soil-based, Hybrid), Component (Hardware, Software & Services)

Market Opportunities:

Production of Biopharmaceutical Product

Development of Innovative and Cost-Effective Technologies

Market Drivers:

Rise in Requirement for higher Yield with limited Water and Space

Surging Demand for Fresh Food with High Nutritious Value

Minute Impact of Fluctuating Climatic Condition

Market Trend:

Development of Innovative and Cost Effective Technologies

What can be explored with the Indoor Farming Technology Market Study?

Gain Market Understanding

Identify Growth Opportunities

Analyze and Measure the Global Indoor Farming Technology Market by Identifying Investment across various Industry Verticals

Understand the Trends that will drive Future Changes in Indoor Farming Technology

Understand the Competitive Scenarios

Track Right Markets

Identify the Right Verticals

Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa

Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.

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Strategic Points Covered in Table of Content of Global Indoor Farming Technology Market:

Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Indoor Farming Technology market

Chapter 2: Exclusive Summary – the basic information of the Indoor Farming Technology Market.

Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Indoor Farming Technology

Chapter 4: Presenting the Indoor Farming Technology Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.

Chapter 5: Displaying the by Type, End User and Region/Country 2016-2021

Chapter 6: Evaluating the leading manufacturers of the Indoor Farming Technology market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile

Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions (2022-2027)

Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source

Finally, Indoor Farming Technology Market is a valuable source of guidance for individuals and companies.

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