#Global Indoor Farming Technology Market Share

[marketsndata]

[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.

For More Information, refer to below link:-

Farming Technologies Market Future Outlook

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Indoor Farming Technology Market overview by recent opportunities, growth size, regional analysis and forecasts to 2031

New York,Global Indoor Farming Technology Market report from Global Insight Services is the single authoritative source of intelligence on Indoor Farming Technology Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

Indoor farming technology is the application of modern agricultural techniques and equipment to grow crops indoors, in a controlled environment. This can be done in a variety of settings, including greenhouses, warehouses, and even shipping containers.Key Trends

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Key Trends

The main trends in indoor farming technology are automation, precision farming, and controlled environment agriculture (CEA).

Automation is being used more and more in indoor farming to help reduce labor costs and increase efficiency. Robotics is one area that is seeing a lot of growth in indoor farming, with many developing robots to help with tasks such as planting, thinning, and harvesting.

Precision farming is another key trend in indoor farming technology. This involves using sensors and other data-driven techniques to manage crops more effectively. For example, by monitoring temperature, humidity, and light levels, farmers can make sure that conditions are optimal for plant growth. This can help to improve yields and reduce wastage.

CEA is another important trend in indoor farming technology. This involves controlling the environment in which plants are grown, in order to optimize conditions for growth. For example, by using LED lighting, farmers can reduce energy costs and create the perfect light spectrum for plant growth.

Key Drivers

The key drivers of indoor farming technology market are the ever-increasing demand for food, the need for higher crop yields, and the dwindling land and water resources. The other drivers include the changing climatic conditions, the increasing population, and the need for better quality food.

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Market Segments

By Growing System

Hydroponics

Aeroponics

Aquaponics

Soil-based

Hybrid

By Facility Type

Glass or Poly Greenhouse

Indoor Vertical Farm

Container Farm

Indoor DWC System

By Component

Hardware

Software & Services

By Crop Type

Fruits & vegetables

Herbs & Microgreens

Flowers & Ornamentals

Others

Key Players

Signify Holding

Everlight Electronics

Argus Control Systems

LumiGrow

Netafim

Logiqs

Richel Group

Vertical Farm Systems

Key Players

Signify Holding

Everlight Electronics

Argus Control Systems

LumiGrow

Netafim

Logiqs

Richel Group

Vertical Farm Systems

General Hydroponics

Heliospectra AB

Philips Lighting

GreenPower Farm Systems

Heliospectra

Valoya

GrowGeneration

Hort Americas

LumiGrow

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[marketanalysisdata]

Vertical Farming Market Analysis And Segment Forecast till 2030

The global vertical farming market was valued at USD 6.92 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 20.1% from 2023 to 2030. This rapid growth is driven by several key factors, with one of the primary drivers being the increasing adoption of environmentally friendly agricultural practices to produce fruits and vegetables. As the global population continues to grow at an unprecedented rate, there is an escalating demand for urban agriculture solutions, particularly in cities where traditional farming space is limited or unavailable. Vertical farming, which involves growing crops in stacked layers or vertically inclined surfaces, is well-suited to meet these demands, offering a more sustainable, space-efficient method of food production in urban environments.

The vertical farming market is currently in a high-growth stage, marked by significant technological innovation. Various advanced technologies, including sensors and cameras, are being increasingly integrated into vertical farming systems to enhance resource efficiency, improve crop yields, and address challenges such as limited space and environmental constraints. Additionally, technologies like hydroponics (growing plants in a water-based, nutrient-rich solution), aeroponics (growing plants in air or mist without soil), LED grow lights (to simulate sunlight), and automation systems (for enhanced precision and efficiency) are frequently employed to improve farming outcomes, optimize energy use, and boost overall crop quality.

The growth of the vertical farming market can also be attributed to several broader trends, such as steady population growth, government incentives, the limited availability of cultivable land, and an increasing demand for high-quality, fresh food. Another important factor is the growing consumer demand for organic food, which has positively impacted the vertical farming sector. As more consumers place higher value on organic and locally grown products, vertical farming offers a viable and scalable solution to meet this demand, providing fresh, nutritious produce in a sustainable manner.

Gather more insights about the market drivers, restrains and growth of the Vertical Farming Market

Regional Insights:

In terms of revenue, Europe led the vertical farming market in 2022, holding a market share of approximately 31.7%. Europe is expected to maintain its dominance throughout the forecast period (2023-2030). The region’s strong market position can be attributed to growing awareness about the importance of alternative farming solutions, particularly due to challenges such as scarcity of fertile agricultural land and the effects of population growth. The shift towards urban agriculture in Europe is being driven by the need for more efficient food production methods in cities with limited space.

Europe is also expected to experience significant growth in the vertical farming sector due to the expansion of genetically modified (GM) crop technology and advancements in nanotechnology and robotics for farming. Nanotechnology, in particular, is helping improve food packaging, optimize disease and pest control, and boost overall crop performance, making it a key technological enabler in the region's vertical farming industry.

The European Environment Agency has launched several initiatives aimed at building vertical farms to address ongoing challenges related to population growth, climate change, and the need for more sustainable food production methods. These efforts are expected to continue driving market demand in the region as governments and private entities invest in sustainable agricultural solutions.

In Africa, the vertical farming market is anticipated to grow due to the increasing urbanization and the commercialization of indoor farming. As cities expand, there is rising demand for space-efficient farming solutions. However, the region faces significant barriers to growth, including lack of financial resources to build modern vertical farming systems, as well as limited access to water and land. To overcome these challenges, innovative farming models, such as vertically stacked wooden crates and sack gardens, are being explored and adopted. These low-cost alternatives provide a way to practice vertical farming in resource-constrained environments, offering a potential avenue for growth in the region.

Browse through Grand View Research's Category Next Generation Technologies Industry Research Reports.

The global cannabis vertical farming market size was estimated at USD 487.5 million in 2024 and is anticipated to grow at a CAGR of 19.3% from 2025 to 2030.

The global field device management market size was valued at USD 1.83 billion in 2024 and is projected to grow at a CAGR of 6.8% from 2025 to 2030.

Key Companies & Market Share Insights:

The vertical farming market is relatively fragmented, with several key players operating across different regions. Some of the prominent companies driving the market include Agrilution GmbH, Aerofarm, Brightfarms Inc., Everlight Electronics Co., Ltd., Freight Farms, GrowUp Urban Farms Ltd., Green Sense Farms, LLC, and Vertical Farm Systems. These companies are at the forefront of innovation in vertical farming technologies, working to improve the efficiency, sustainability, and scalability of urban farming solutions.

Vertical Farm Systems is focused on developing fully automated growing systems that use reusable mediums and energy-efficient climate cells. The company integrates artificial intelligence (AI) and automation to optimize growing conditions, allowing for more efficient farming with less human intervention and higher precision in crop management.

Brightfarms Inc. is an indoor farming company that specializes in fresh packaged salads grown in controlled environments. The company emphasizes the development of efficient vertical farming systems that prioritize resource efficiency and sustainable practices. Their products are sold locally, reducing the environmental footprint associated with long-distance food transportation.

Bowery Farming is another emerging player in the market, providing vertical farming solutions combined with digital agriculture The company, based in New York, operates farms in New Jersey, Maryland, and Pennsylvania, using data-driven insights to optimize crop growth and improve operational efficiency. Bowery Farming is expanding its footprint in the U.S. and continues to focus on sustainable farming practices that can scale with increasing urban populations.

Aerofarm is a S.-based indoor farming company that utilizes artificial intelligence (AI) and plant biology to enhance the efficiency and productivity of its vertical farming systems. The company’s mission is to address the shortcomings of the existing food system and improve the growth and quality of fresh produce through advanced, sustainable farming techniques.

These key players are actively developing and implementing new farming technologies to meet the increasing demand for sustainable, high-quality produce while reducing the reliance on traditional farming methods that are often constrained by land and resource limitations. Their efforts are focused on improving crop yield, reducing environmental impact, and driving the global adoption of vertical farming techniques.

Key Vertical Farming Companies:

AeroFarms (U.S.)

Illumitex, Inc. (U.S.)

American Hydroponics (U.S.)

Agrilution GmbH

Brightfarms Inc.

Everlight Electronics Co., Ltd.

Freight Farms

GrowUp Urban Farms Ltd.

Green Sense Farms, LLC

Vertical Farm Systems.

Order a free sample PDF of the Vertical Farming Market Intelligence Study, published by Grand View Research.

[marketstudyreport]

Vertical Farming Industry Outlook, Research, Trends and Forecast to 2030

The global vertical farming market was valued at USD 6.92 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 20.1% from 2023 to 2030. This rapid growth is driven by several key factors, with one of the primary drivers being the increasing adoption of environmentally friendly agricultural practices to produce fruits and vegetables. As the global population continues to grow at an unprecedented rate, there is an escalating demand for urban agriculture solutions, particularly in cities where traditional farming space is limited or unavailable. Vertical farming, which involves growing crops in stacked layers or vertically inclined surfaces, is well-suited to meet these demands, offering a more sustainable, space-efficient method of food production in urban environments.

The vertical farming market is currently in a high-growth stage, marked by significant technological innovation. Various advanced technologies, including sensors and cameras, are being increasingly integrated into vertical farming systems to enhance resource efficiency, improve crop yields, and address challenges such as limited space and environmental constraints. Additionally, technologies like hydroponics (growing plants in a water-based, nutrient-rich solution), aeroponics (growing plants in air or mist without soil), LED grow lights (to simulate sunlight), and automation systems (for enhanced precision and efficiency) are frequently employed to improve farming outcomes, optimize energy use, and boost overall crop quality.

The growth of the vertical farming market can also be attributed to several broader trends, such as steady population growth, government incentives, the limited availability of cultivable land, and an increasing demand for high-quality, fresh food. Another important factor is the growing consumer demand for organic food, which has positively impacted the vertical farming sector. As more consumers place higher value on organic and locally grown products, vertical farming offers a viable and scalable solution to meet this demand, providing fresh, nutritious produce in a sustainable manner.

Gather more insights about the market drivers, restrains and growth of the Vertical Farming Market

Regional Insights:

In terms of revenue, Europe led the vertical farming market in 2022, holding a market share of approximately 31.7%. Europe is expected to maintain its dominance throughout the forecast period (2023-2030). The region’s strong market position can be attributed to growing awareness about the importance of alternative farming solutions, particularly due to challenges such as scarcity of fertile agricultural land and the effects of population growth. The shift towards urban agriculture in Europe is being driven by the need for more efficient food production methods in cities with limited space.

Europe is also expected to experience significant growth in the vertical farming sector due to the expansion of genetically modified (GM) crop technology and advancements in nanotechnology and robotics for farming. Nanotechnology, in particular, is helping improve food packaging, optimize disease and pest control, and boost overall crop performance, making it a key technological enabler in the region's vertical farming industry.

The European Environment Agency has launched several initiatives aimed at building vertical farms to address ongoing challenges related to population growth, climate change, and the need for more sustainable food production methods. These efforts are expected to continue driving market demand in the region as governments and private entities invest in sustainable agricultural solutions.

In Africa, the vertical farming market is anticipated to grow due to the increasing urbanization and the commercialization of indoor farming. As cities expand, there is rising demand for space-efficient farming solutions. However, the region faces significant barriers to growth, including lack of financial resources to build modern vertical farming systems, as well as limited access to water and land. To overcome these challenges, innovative farming models, such as vertically stacked wooden crates and sack gardens, are being explored and adopted. These low-cost alternatives provide a way to practice vertical farming in resource-constrained environments, offering a potential avenue for growth in the region.

Browse through Grand View Research's Category Next Generation Technologies Industry Research Reports.

The global cannabis vertical farming market size was estimated at USD 487.5 million in 2024 and is anticipated to grow at a CAGR of 19.3% from 2025 to 2030.

The global field device management market size was valued at USD 1.83 billion in 2024 and is projected to grow at a CAGR of 6.8% from 2025 to 2030.

Key Companies & Market Share Insights:

The vertical farming market is relatively fragmented, with several key players operating across different regions. Some of the prominent companies driving the market include Agrilution GmbH, Aerofarm, Brightfarms Inc., Everlight Electronics Co., Ltd., Freight Farms, GrowUp Urban Farms Ltd., Green Sense Farms, LLC, and Vertical Farm Systems. These companies are at the forefront of innovation in vertical farming technologies, working to improve the efficiency, sustainability, and scalability of urban farming solutions.

Vertical Farm Systems is focused on developing fully automated growing systems that use reusable mediums and energy-efficient climate cells. The company integrates artificial intelligence (AI) and automation to optimize growing conditions, allowing for more efficient farming with less human intervention and higher precision in crop management.

Brightfarms Inc. is an indoor farming company that specializes in fresh packaged salads grown in controlled environments. The company emphasizes the development of efficient vertical farming systems that prioritize resource efficiency and sustainable practices. Their products are sold locally, reducing the environmental footprint associated with long-distance food transportation.

Bowery Farming is another emerging player in the market, providing vertical farming solutions combined with digital agriculture The company, based in New York, operates farms in New Jersey, Maryland, and Pennsylvania, using data-driven insights to optimize crop growth and improve operational efficiency. Bowery Farming is expanding its footprint in the U.S. and continues to focus on sustainable farming practices that can scale with increasing urban populations.

Aerofarm is a S.-based indoor farming company that utilizes artificial intelligence (AI) and plant biology to enhance the efficiency and productivity of its vertical farming systems. The company’s mission is to address the shortcomings of the existing food system and improve the growth and quality of fresh produce through advanced, sustainable farming techniques.

These key players are actively developing and implementing new farming technologies to meet the increasing demand for sustainable, high-quality produce while reducing the reliance on traditional farming methods that are often constrained by land and resource limitations. Their efforts are focused on improving crop yield, reducing environmental impact, and driving the global adoption of vertical farming techniques.

Key Vertical Farming Companies:

AeroFarms (U.S.)

Illumitex, Inc. (U.S.)

American Hydroponics (U.S.)

Agrilution GmbH

Brightfarms Inc.

Everlight Electronics Co., Ltd.

Freight Farms

GrowUp Urban Farms Ltd.

Green Sense Farms, LLC

Vertical Farm Systems.

Order a free sample PDF of the Vertical Farming Market Intelligence Study, published by Grand View Research.

[global-research-report]

Smart Agriculture Market by Region: Segmentation, Opportunities, and Insights

The global smart agriculture market was valued at USD 22.65 billion in 2023, with projections indicating a compound annual growth rate (CAGR) of 13.7% from 2024 to 2030. This rapid growth is driven primarily by the increasing automation of commercial greenhouses and the widespread adoption of controlled environment agriculture (CEA) in greenhouse setups. CEA enables cultivators to achieve higher yields by carefully managing factors like temperature, humidity, and lighting, resulting in optimal growing conditions. As cultivators increasingly recognize the advantages of greenhouse cultivation, the development and adoption of commercial greenhouses have expanded. There is a shift away from traditional lighting systems toward LED grow lights, which, despite their higher initial cost, are favored for their energy efficiency and suitability for CEA setups in indoor farming environments.

The smart agriculture market is also propelled by advancements in equipment equipped with sophisticated sensors and imaging technology. Key technologies enhancing market demand include livestock biometrics, where tools like RFID, biometrics, and GPS allow cultivators to monitor livestock in real time, capturing vital data on animal health, location, and behavior. Additionally, infrastructural health sensors are becoming essential for monitoring the condition of various agricultural facilities, from buildings and bridges to factories and farms. Connected to intelligent networks, these sensors provide instant data to maintenance teams, allowing for proactive care of structures and equipment.

Agricultural robots are another significant technological advancement, streamlining essential farming activities like soil preparation, weeding, fruit picking, harvesting, planting, plowing, and irrigation. This automation not only reduces labor costs but also boosts efficiency and precision in agricultural tasks, supporting the market’s upward trajectory.

To maintain profitability, farmers are increasingly adopting advanced and efficient agricultural technologies, ensuring they can meet the growing demand for high-quality products in the smart agriculture market. Mobile technology also plays a key role, providing new applications and tools that enhance the agricultural value chain, from monitoring and maintenance to harvesting and distribution.

Gather more insights about the market drivers, restrains and growth of the Smart Agriculture Market

Regional Insights

North America: In 2023, North America led the global smart agriculture market, holding a substantial 44.07% market share. The region is expected to continue its growth, with a projected CAGR of 12.3% from 2024 to 2030. This growth is fueled by increasing government initiatives and regulatory measures aimed at modernizing and sustaining the agricultural sector. To support these efforts, organizations across the region have collaborated to establish the North America Climate Smart Agriculture Alliance (NACSAA), a coalition dedicated to educating cultivators on sustainable agricultural practices. Water conservation has also become a key focus, with governments in North America actively promoting smart irrigation through subsidies. For example, the government of California has introduced rebates on smart controllers, incentivizing farmers to adopt water-efficient technologies that align with environmental conservation goals.

Asia Pacific: The Asia Pacific region is poised for the fastest growth in the smart agriculture market during the forecast period. Although still in the early stages of adoption, the market is set to expand rapidly due to rising government support and increasing awareness among farmers. In Japan, for instance, the Ministry of Agriculture has been actively funding precision agriculture initiatives to enhance productivity and resource efficiency. Additionally, farmers' associations and community-based organizations in each country play a pivotal role in advocating for sustainable agricultural practices, further driving demand for smart agriculture solutions.

In Singapore, where approximately 90% of food consumption relies on imports, the demand for innovative farming techniques is expected to grow significantly. Singapore's push toward self-sufficiency in food production and sustainable practices will likely boost the adoption of smart agriculture. Furthermore, the rising popularity of organic farming among small farmers in parts of South Asia is expected to enhance regional market growth, as demand for more sustainable and efficient farming solutions increases across the sector.

Browse through Grand View Research's Category Next Generation Technologies Industry Research Reports.

The global postal automation system market size was estimated at USD 903.7 million in 2024 and is projected to grow at a CAGR of 7.0% from 2025 to 2030.

The global generative AI market sizewas valued at USD 16.87 billion in 2024 and is projected to grow at a CAGR of 37.6% from 2025 to 2030. 

Key Companies & Market Share Insights

The global agriculture technology market features prominent companies, including Ag Leader Technology, AGCO Corporation, AgJunction, Inc., AgEagle Aerial Systems Inc., Autonomous Solutions, Inc., Argus Control Systems Ltd., BouMatic Robotic B.V., CropMetrics, CLAAS KGaA mbH, CropZilla, Deere & Company, DICKEY-john, DroneDeploy, DeLaval Inc, Farmers Edge Inc., Grownetics, Inc., Granular, Inc., Gamaya, GEA Group Aktiengesellschaft, Raven Industries, Trimble Inc., and Topcon Positioning Systems, among others.

AGCO Corporation, headquartered in the U.S., is a leading manufacturer of agricultural equipment. The company offers an extensive product lineup, including tractors, combines, forage equipment, hay tools, self-propelled sprayers, seeding and tillage equipment, and smart farming solutions. This diverse product portfolio enables AGCO to meet the varying needs of the modern agricultural sector, providing solutions that enhance efficiency and productivity.

Deere & Company, another key player, is involved in manufacturing a broad range of machinery for agriculture and forestry, along with heavy equipment like drivetrains and diesel engines. Deere & Company’s offerings also include lawn care equipment and other machinery for industries such as landscaping, construction, government and military, and sports turf. Its diversified product line positions the company as a strong competitor across multiple sectors, helping it maintain a robust market presence.

Prospera Technologies and Agrible, Inc. are emerging players in the agriculture technology market, contributing to its evolution with advanced solutions.

Prospera Technologies is a global provider specializing in agricultural technology for optimizing irrigation and crop health management. Using AI-powered sensors and cameras, Prospera enables farmers to monitor crop conditions and make data-driven decisions, ultimately enhancing yield and resource efficiency.

Agrible, Inc., based in the U.S., offers agriculture solutions to customers in over 30 countries. Agrible’s services are aimed at optimizing critical aspects of farming, including water use, crop protection, fertilization, and fieldwork. Additionally, the company supports research trials, food supply chain management, and sustainability efforts, helping clients achieve operational efficiency and environmental goals.

 

Key Smart Agriculture Companies:

Ag Leader Technology

AGCO Corporation

AgJunction, Inc.

AgEagle Aerial Systems Inc.

Autonomous Solutions, Inc.

Argus Control Systems Ltd

BouMatic Robotic B.V.

CropMetrics

CLAAS KGaA mbH

CropZilla

Deere & Company

DICKEY-john

DroneDeploy

DeLaval Inc

Farmers Edge Inc

Grownetics, Inc.

Granular, Inc.

Gamaya

GEA Group Aktiengesellschaft

Raven Industries

Trimble Inc.

Topcon Positioning System

Order a free sample PDF of the Market Intelligence Study, published by Grand View Research.

[sharvariakerkar]

The world around us (Draft 1)

Food: With soil degraded and outdoor farming impossible, agriculture has moved indoors. Diets consist mainly of bio-engineered crops, lab-grown proteins, and nutrient bars, with flavorless, pre-portioned meals providing only essential nutrients. Local markets are gone, and food distribution is strictly controlled to prevent shortages, as usable farmland no longer exists.

Water: Clean water is strictly rationed and dispensed from government kiosks via digital credits. Taps are obsolete; instead, homes have automated dispensers that release small, measured amounts based on individual water allowances

Housing: Housing might shift towards "stacked neighborhoods" where entire communities live in interconnected, multi-story pods suspended above the ground.

Education: Most learning takes place through online platforms, with students using personal devices lessons, discussions, and assignments. Physical classrooms still exist but are smaller and less frequent, focusing more on hands-on projects.

Social Equity: Social equity remains a challenge, with severe inequality due to resource distribution. Wealthier groups control access to essentials like clean water, healthcare, and quality housing, while marginalized communities face resource scarcity and greater exposure to environmental hazards.

Gender Equality: Gender equality has made progress in legal frameworks, but economic disparity hinders true equality. Remote work has enabled more flexibility, reducing traditional gender role constraints.

Work & Income: The concept of work from anywhere has transformed, but for the low-income workforce, it has taken a unique turn. While wealthier workers enjoy immersive VR offices and virtual collaborations, low-income workers often find themselves in microtask hubs, local centers where they perform quick, digital tasks for companies worldwide.

Energy / Electricity: Energy relies mostly on solar, wind, and nuclear fusion. Personal energy consumption is rationed, and cities operate on “smart grids” that regulate and allocate electricity. Renewable energy is widely accessible, but the high cost of advanced systems puts poorer areas at risk of frequent blackouts.

⁠Peace & Justice: International conflict has decreased due to mutual climate threats, but social unrest within nations is common, driven by resource scarcity and inequality. Police forces are replaced with AI surveillance in wealthier areas, while under-resourced communities experience higher rates of violence due to desperation and limited law enforcement.

Political Voice: Digital Democracy Pods would be virtual spaces where people engage in debates, voting, and decision-making, using AI to personalize political discussions and simulate outcomes. These pods would allow global participation, but the control of these platforms by tech giants or governments might limit true democratic influence, creating a paradox of more engagement but less real power.

Transportation: Transportation has become super efficient and eco-friendly, with personal cars being rare and mostly owned by wealthy people. Most people rely on public transport like fast underground trains, self-driving buses, and electric cable cars to get around the city. Short trips are handled by small, shared self-driving pods that adjust routes based on where people need to go.

Air Pollution: Air pollution is critical, with most people wearing personal air filters and indoor spaces having filtration systems. Wealthier regions are shielded with clean zones that filter air around residential areas, while low-income communities suffer severe pollution exposure and related health effects.

⁠Noise Pollution: Noise-canceling technology evolved into something truly unique sound manipulation. Instead of just silencing noise, cities use advanced sound waves to reprogram sound itself, turning unwanted noise into a neutral or even soothing sound.

Non-Human life: There will be sustainable, living architecture made from bio-engineered organisms like fungi or algae that grow and adapt to environmental conditions. These "living buildings" could generate their own energy, absorb CO2, and even filter water, providing an organic alternative to traditional construction. The structures might shift shape with weather patterns or grow over time, making cities more interconnected with nature and reducing the ecological footprint of urban development. Chemical pollution: Chemical pollution will likely be a severe global problem, with widespread contamination of air, water, and soil. Many ecosystems will be permanently damaged by toxins like heavy metals, pesticides, and industrial waste. While technologies may exist to monitor and address pollution, large-scale cleanup will be slow and costly. ⁠Water bodies & Supply: Freshwater bodies are contaminated and scarce, with desalination and recycling as primary water sources. Lakes and rivers have become unusable in many areas. Waste management: Waste management relies heavily on recycling with landfill space nearly depleted. Urban places have waste to energy plants that generate electricity, and zero-waste buildings could be the norm, where everything is designed for reuse. Land use & Streets & Public Spaces: Public spaces are limited to indoor environments, where artificial greenery is used to simulate outdoor areas. Parks are replaced with indoor “green bubbles” for filtered air and limited nature exposure. Ocean pollution: Oceans are heavily polluted, and most marine life has declined or vanished. Scientists have discovered a fascinating phenomenon: some species of algae have adapted to thrive in polluted ocean environments, creating glowing "bioluminescent reefs" in areas once devastated by pollution. These glowing algae have become a new form of marine life. Effects of climate change: Climate change has led to extreme weather events, frequent flooding, and coastal erosion. Temperatures have risen significantly, making outdoor activities dangerous in many regions. Wealthy communities have climate-controlled environments, while lower-income groups are vulnerable to extreme conditions Urban Agriculture & Greenification: Urban agriculture and greenification have evolved into a vital part of city life. Cities are filled with vertical farms, rooftop gardens, and hydroponic systems, growing everything from leafy greens to protein-rich algae. Gender & Sexuality, Diversity & Inclusion: People are more open to diverse identities, but personal freedoms are impacted by environmental constraints. While cultural acceptance of gender and sexuality diversity has advanced, social divides between pollution-protected and high-risk zones exacerbate inequality. True inclusivity remains limited to affluent societies, where diversity is welcomed within protective enclaves. Accessibility and Sustainability: Accessibility has improved in technology-rich zones, where sustainability is prioritized to an extreme due to the need to reduce waste. However, access to these advancements is limited to wealthier populations. Sustainable solutions are a costly privilege, with poorer areas bearing the brunt of pollution from outdated infrastructure. Sustainability has become a matter of survival rather than a shared social value.

[harshnews]

Crop Development and Farming Market Size, Share, Key Drivers, Trends, Challenges and Competitive Analysis

"Global Crop Development and Farming Market – Industry Trends and Forecast to 2029

Global Crop Development and Farming Market, By Type (Tobacco Farming, Sugar beet Farming, Sugarcane Farming, Cotton Farming, Other Miscellaneous Crop Farming), Application (Food and Beverages, Fodder), Farming Process (Organic Farming, Traditional Farming), – Industry Trends and Forecast to 2029.

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**Segments**

- **Crop Type** - Cereals - Fruits - Vegetables - Oilseeds - Flowers - Others

- **Farming Type** - Conventional Farming - Organic Farming - Precision Farming - Indoor Farming - Vertical Farming - Others

- **Regional Analysis** - North America - Europe - Asia-Pacific - Latin America - Middle East and Africa

Crop development and farming form a crucial part of the global economy, providing essential food and raw materials for various industries worldwide. The segmentation of the market into different categories helps in understanding the dynamics and trends within the industry. Crop type segmentation includes cereals, fruits, vegetables, oilseeds, flowers, and others. Each crop type has its unique cultivation requirements and market demand, making it vital for farmers and businesses to strategize accordingly. Additionally, farming type segmentation encompasses conventional farming, organic farming, precision farming, indoor farming, vertical farming, and others. This segmentation reflects the evolving methods and technologies being adopted in the agricultural sector to enhance productivity and sustainability. Moreover, regional analysis plays a significant role in assessing market trends and opportunities across different geographies, such as North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.

**Market Players**

- Monsanto Company - Syngenta - Bayer CropScience - BASF SE - DowDuPont - Archer Daniels Midland Company - Cargill - Yara International - Bunge Limited - Agrium

The crop development and farming market comprise a diverse range of players contributing to the growth and innovation of the industry. Companies like Monsanto Company, Syngenta, Bayer CropScience, BASF SE, and DowDuPont are key players in the market known for their extensive research and development activities in crop protection and biotechnology. Additionally,The crop development and farming market is a dynamic and evolving industry, driven by the constant need to meet the growing demand for food and raw materials globally. The market players play a vital role in shaping the landscape of this industry, with companies like Monsanto Company, Syngenta, Bayer CropScience, BASF SE, and DowDuPont leading the way in innovation and research. These key players have established themselves as industry giants known for their cutting-edge technologies and sustainable agricultural practices. Through investments in research and development, these companies continue to introduce new crop varieties, pest control solutions, and agronomic practices that enhance crop yields and quality.

Monsanto Company, a renowned multinational agricultural company, has built a strong presence in the market with its focus on biotechnology and genetically modified seeds. By developing innovative traits that provide resistance to pests and diseases, Monsanto has revolutionized crop production practices worldwide. Syngenta, another major player in the industry, specializes in crop protection products and seeds. With a diverse range of offerings, Syngenta caters to the needs of farmers across different regions and crop types. Bayer CropScience, a subsidiary of Bayer AG, is known for its comprehensive portfolio of crop protection products, seeds, and traits. The company's commitment to sustainable agriculture and digital farming solutions sets it apart in the market.

BASF SE, a global leader in the chemicals industry, has a significant presence in the agricultural sector through its crop protection solutions and biotechnology research. By focusing on innovation and sustainability, BASF continues to contribute to the development of more efficient and environmentally friendly farming practices. DowDuPont, a merger of two industry giants, has a diverse portfolio spanning crop protection, seeds, and digital agriculture. The company's cutting-edge technologies and commitment to sustainability position it as a key player in the market.

Apart from the major multinational corporations, companies like Archer Daniels Midland Company, Cargill, Yara International, Bunge Limited, and Agrium also play crucial roles in the crop**Segments**

Global Crop Development and Farming Market, by Type: - Tobacco Farming - Sugar beet Farming - Sugarcane Farming - Cotton Farming - Other Miscellaneous Crop Farming

Application: - Food and Beverages - Fodder

Farming Process: - Organic Farming - Traditional Farming

The global crop development and farming market is witnessing significant growth and innovation driven by technological advancements, shifting consumer preferences, and the increasing need for sustainable agricultural practices. The industry is segmented based on crop type, farming type, and regional analysis to provide insights into the diverse dynamics of the market. Crop type segmentation includes cereals, fruits, vegetables, oilseeds, flowers, and others, each with specific cultivation requirements and market demands. The farming type segmentation covers conventional farming, organic farming, precision farming, indoor farming, vertical farming, and others, reflecting the industry's adoption of advanced technologies and practices. Regional analysis further enhances the understanding of market trends and opportunities across key geographies like North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.

**Market Players**

The market players in the crop development and farming industry play a critical role in driving innovation, research, and development to meet the increasing global demand for food and raw materials. Key companies such as Monsanto Company, Syngenta, Bayer CropScience, BASF SE, and DowDuPont are at the forefront of the industry, known for their advanced technologies and

Table of Content:

Part 01: Executive Summary

Part 02: Scope of the Report

Part 03: Global Crop Development and Farming Market Landscape

Part 04: Global Crop Development and Farming Market Sizing

Part 05: Global Crop Development and Farming Market Segmentation By Product

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

Key takeaways from the Crop Development and Farming Market report:

Detailed considerate of Crop Development and Farming Market-particular drivers, Trends, constraints, Restraints, Opportunities and major micro markets.

Comprehensive valuation of all prospects and threat in the

In depth study of industry strategies for growth of the Crop Development and Farming Market-leading players.

Crop Development and Farming Market latest innovations and major procedures.

Favorable dip inside Vigorous high-tech and market latest trends remarkable the Market.

Conclusive study about the growth conspiracy of Crop Development and Farming Market for forthcoming years.

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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.

Get more insights on Hydroponics Market

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Vertical Farming Market Size, Share, Growth and Industry Trends 2024 - 2030

The global vertical farming market size was valued at USD 6.92 billion in 2023 and is expected to grow at a CAGR of 20.1% from 2023 to 2030. Market growth is attributed to the growing adoption of environment-friendly production of fruits and vegetables. Unprecedented growth of the global population has increased the demand for urban agriculture.

Vertical farming is the practice of producing food in vertically stacked layers, such as in a used warehouse, skyscraper, or shipping container. Organic foods are perceived as healthier, more nutritious, safer, and more environmentally friendly. A critical factor that influences demand for organic food is the food purchasing behavior of consumers, which is essential for producers, policymakers, and suppliers to implement successful marketing strategies.

Obesity and heart diseases are prevalent health-related issues among consumers. Furthermore, growing depletion of groundwater and changing climatic conditions have urged traditional growers to adopt alternate farming methods. Increasing consumer concerns about health and the abovementioned factors are likely to elevate industry demand.

Gather more insights about the market drivers, restrains and growth of the Vertical Farming Market

Vertical Farming Market Report Highlights

• The escalating production of biopharmaceutical products is anticipated to drive the market

• The shipping container segment accounted for the largest market share in 2022. Shipping container-based farming uses less water than traditional farming with drip irrigation. Shipping containers can be easily stacked, modified, recycled, and refurbished at a lower cost. Additionally, the excess availability of unused shipping containers across the region will likely influence segment growth over the forecast period

• The hardware segment accounted the largest market share in 2022. The hardware plays a significant role in maintaining the environment of the indoor farms. The segment is further categorized into climate control systems, lighting systems, sensors, and irrigation systems, which enables the cultivation of indoor-grown crops

• The fruits vegetables, & herbs segment is also expected to have considerable growth over the forecast period. The increasing cultivation of commonly grown fruits and vegetables in greenhouses is driving the segment growth. Crops grown in vertical farming provide maximum profit to companies involved in their cultivation

• Based on offering, the climate control segment is expected to witness high growth over the forecast period as the growth of crops can be controlled by monitoring and adjusting the concentrations of minerals

• By growing mechanism, the aeroponics segment is expected to observe considerable growth over the forecast period as the aeroponics facilitate fast growth in plants (under normal conditions)

• The North American regional market is expected to witness significant growth over the forecast period owing to the expansion of small-scale, commercial vertical farms

Browse through Grand View Research's Next Generation Technologies Industry Research Reports.

• The global synthetic data generation market size was valued at USD 218.4 million in 2023 and is projected to grow at a CAGR of 35.3% from 2024 to 2030. 

• The global service virtualization market size was valued at USD 786.0 Million in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 17.4% from 2024 to 2030. 

Vertical Farming Market Segmentation

Grand View Research has segmented the global vertical farming market report based on structure, growing mechanism, crop category and region

Vertical Farming Structure Outlook (Revenue, USD Million, 2017 - 2030)

• Shipping Container

• Building-based

Vertical Farming Component Outlook (Revenue, USD Million, 2017 - 2030)

• Hardware

o Lighting

o Hydroponic components

o Climate control

o Sensors

• Software

• Services

o System Integration & Consulting

o Managed Services

o Assisted Professional Services

Vertical Farming Growing Mechanism Outlook (Revenue, USD Million, 2017 - 2030)

• Hydroponics

• Aeroponics

• Aquaponics

Vertical Farming Crop Category Outlook (Revenue, USD Million, 2017- 2030)

• Fruits Vegetables, & Herbs

o Tomato

o Lettuce

o Bell & Chili Peppers

o Strawberry

o Cucumber

o Leafy Greens (excluding lettuce)

o Herbs

o Others

• Flowers & Ornamentals

o Perennials

o Annuals

o Ornamentals

• Others (Cannabis, Microgreens)

Vertical Farming Regional Outlook (Revenue, USD Million, 2017 - 2030)

• North America

o U.S.

o Canada

o Mexico

• Europe

o Germany

o U.K.

o France

o Italy

o Spain

• Asia Pacific

o China

o Japan

o India

o Singapore

o South Korea

• South America

o Brazil

• Middle East and Africa (MEA)

Order a free sample PDF of the Vertical Farming Market Intelligence Study, published by Grand View Research.

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Smart Agriculture Market Dynamics, Top Manufacturers Analysis, Trend And Demand, Forecast To 2030

Smart Agriculture Industry Overview

The global smart agriculture market size was valued at USD 22.65 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 13.7% from 2024 to 2030. 

Increasing automation of commercial greenhouses and growing implementation of the controlled environment agriculture (CEA) concept in greenhouses, in a bid to obtain a higher yield and maintain optimum growing conditions, are the key factors driving demand during the forecast period. Cultivators realize the potential benefits of growing plants inside a greenhouse, which has led to the development of commercial greenhouses. Cultivators have shifted from the conventional lighting systems to LED grow lights as the latter can easily be integrated into a CEA setup. Although LED grows lights are high in cost, they are an ideal option for indoor farming, owing to their long-term benefits in terms of energy efficiency.

Gather more insights about the market drivers, restrains and growth of the Smart Agriculture Market

Smart agriculture companies are shifting their focus toward the development of equipment that is integrated with advanced sensors and cameras. Key technologies driving the market demand include livestock biometrics, such as RFID, biometrics, and GPS to help cultivators automatically obtain information regarding livestock in real-time. Furthermore, infrastructural health sensors are used for monitoring material conditions and vibrations in buildings, factories, bridges, farms, and other infrastructure. Coupled with an intelligent network, infrastructural health sensors help provide information to the maintenance team in real-time. In addition, agricultural robots are being used to automate farming processes, such as soil maintenance, weeding, fruit picking, harvesting, planting, plowing, and irrigation, among others.

To sustain profits, farmers are increasingly adopting smarter and more efficient agriculture technologies to deliver high-quality products to the smart agriculture market in sufficient quantities. Mobile technology aids in offering innovative types and applications that are used across the agricultural value chain.

Machine-to-Machine (M2M) applications are particularly suited for the agricultural sector, enabling farmers to monitor equipment, assess the environmental impact on production, precisely manage livestock and crops, and keep track of tractors and other agricultural equipment. M2M is an integral part of IoT, which describes the coordination of multiple devices, appliances, and machines connected to the internet through multiple networks.

The COVID-19 pandemic has brought widespread disruption to the global supply chain, resulting in food shortages and inflation. Necessary measures are required to strengthen the food supply chain and prepare for any future crisis. The ongoing pandemic has highlighted the significance of being able to carry out agricultural operations remotely. The ability of smart agricultural practices to help farmers recoup losses in a relatively shorter lead time is expected to drive future market growth.

Browse through Grand View Research's Next Generation Technologies Industry Research Reports.

The global agriculture 4.0 market was estimated at USD 67.73 billion in 2023 and is projected to grow at a CAGR of 11.6% from 2024 to 2030. 

The global AI in food & beverages market size was valued at USD 8.45 billion in 2023 and is projected to grow at a CAGR of 39.1% from 2024 to 2030. 

Key Companies & Market Share Insights

Some of the key players operating in the market include Ag Leader Technology, AGCO Corporation, AgJunction, Inc., AgEagle Aerial Systems Inc., Autonomous Solutions, Inc., Argus Control Systems Ltd, BouMatic Robotic B.V., CropMetrics, CLAAS KGaA mbH, CropZilla, Deere & Company, DICKEY-john, DroneDeploy, DeLaval Inc, Farmers Edge Inc, Grownetics, Inc., Granular, Inc., Gamaya, GEA Group Aktiengesellschaft, Raven Industries, Trimble Inc., Topcon Positioning System among others.

AGCO Corporation is a U.S.-based agriculture equipment manufacturer. The company develops and sells products and solutions such as tractors, combines, foragers, hay tools, self-propelled sprayers, smart farming technologies, seeding equipment, and tillage equipment.

Deere & Company is engaged in the manufacturing & construction of agricultural and forestry machinery; drivetrains and diesel engines for heavy equipment; and lawn care machinery. Additionally, the company also manufactures and provides other heavy manufacturing equipment. The company serves diverse industries such as agriculture, forestry, construction, landscaping & grounds care, engines & drivetrain, government and military, and sports turf.

Prospera Technologies and Agrible, Inc. are some of the emerging market participants in the target market.

Prospera Technologies is a global service provider of agriculture technology for managing and optimizing irrigation and crop health. The company provides AI-based sensors and cameras that aid farmers in crop monitoring.

Agrible is a U.S.-based agriculture solution provider. The company helps customers in more than 30 countries optimize water use, crop protection, fertilization, fieldwork, research trials, food supply chains, and sustainability initiatives

Key Smart Agriculture Companies:

Ag Leader Technology

AGCO Corporation

AgJunction, Inc.

AgEagle Aerial Systems Inc.

Autonomous Solutions, Inc.

Argus Control Systems Ltd

BouMatic Robotic B.V.

CropMetrics

CLAAS KGaA mbH

CropZilla

Deere & Company

DICKEY-john

DroneDeploy

DeLaval Inc

Farmers Edge Inc

Grownetics, Inc.

Granular, Inc.

Gamaya

GEA Group Aktiengesellschaft

Raven Industries

Trimble Inc.

Topcon Positioning System

Recent Developments

In July 2023, Deere & Company announced the acquisition of Smart Apply, Inc. The company planned to leverage Smart Apply’s precision spraying to assist growers in addressing the challenges associated with input costs, labor, regulatory requirements, and environmental goals.

In May 2023, AgEagle Aerial Systems Inc. announced that it had entered into a 2-year supply agreement with Wingtra AG. This agreement is purposed to secure the supply of RedEdge-P sensor kits for incorporation with WingtraOne VTOL drones. This is specifically resourceful for those seeking to benefit materially from unparalleled, high precision, and plant-level detail in commercial agriculture, environmental research, forestry, and water management applications.

In April 2023, AGCO Corporation announced a strategic collaboration with Hexagon, for the expansion of AGCO’s factory-fit and aftermarket guidance offerings. The new guidance system was planned to be commercialized as Fuse Guide on Valtra and Massey Ferguson tractors.

In February 2023, Topcon Agriculture unveiled the launch of Transplanting Control, an exceptional guidance control solution for specialty farmers. This turnkey solution was designed to boost efficiency, reduce labor, and proliferate production. Further, it delivers GNSS-driven guidance, autosteering & control, thereby proving advantageous for the growers of perennial trees, vegetables, and fruits.

In January 2023, ASI Logistics in collaboration with SICK, Inc. announced the successful implementation of autonomous yard truck operations. In this collaboration, ASI Logistics leveraged its groundbreaking Vehicle Automation Kit (VAK) along with the industry-leading LiDAR systems of SICK.

In March 2022, Raven announced its business expansion in South Dakota and Arizona to enhance the development of AI-driven technologies for tailoring cutting-edge solutions. The strategy was also aimed at allowing access to a nearby test farm for same-day testing.

In October 2021, BouMatic announced the acquisition of SAC Group to leverage automatic and conventional milking systems. The transaction demonstrated the company’s incessant commitment to delivering best-in-class dairy farm solutions to consumers across the world.

In May 2021, AGCO announced a targeted spraying solutions strategic collaboration with Raven Industries Inc., BASF Digital, and Robert Bosch GmbH. The objective of this deal was to assess the targeted spraying technology for enhancing crop protection product applications by limiting crop input costs and addressing environmental sustainability.

Order a free sample PDF of the Smart Agriculture Market Intelligence Study, published by Grand View Research.

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Plant Factory Industry Future Outlook, Global Trends, Industry Share And Top Key Players

The global plant factory market size was valued at US$ 129 million in 2022 and is poised to grow from US$ 138 million in 2023 to US$ 196 million by 2028, growing at a CAGR of 7.3% in the forecast period (2023-2028). Plant factories, also known as vertical farms or indoor farms, are advanced agricultural systems designed to produce crops in controlled environments using cutting-edge technology. These facilities utilize artificial lighting, climate control, and hydroponics or aeroponics to optimize plant growth, offering an innovative solution to the challenges faced by traditional agriculture.

Hydroponic farming, a key component of vertical farming, uses significantly less water than traditional agriculture due to its efficient water use system. Plants consume only 0.1% of the water supplied, with the rest being returned to the environment through evapotranspiration. In contrast, conventional farming often wastes water due to inefficient irrigation, evaporation, and poor water management. Vertical farming allows for efficient water use, using up to 95% less water than traditional methods. According to the Columbia University Earth Institute, vertical farmers use 70% to 95% less water compared to conventional farmers for plant cultivation.

Post-Pandemic Growth: How COVID-19 Accelerated Plant Factory Adoption in Restaurants and Grocery Stores

The adoption of indoor farming by restaurants and grocery stores is gaining momentum, driven initially by retailer acceptance and gradually by public acceptance. Major grocery chains like Walmart, Kroger, and Albertsons have established agreements with indoor growers to source produce. Publix, based in Lakeland, Florida, has also embraced this trend by introducing an on-site trailer farm from a nearby hydroponic grower. According to a 2021 survey by FMI, The Food Industry Association, 43% of consumers expressed a preference for produce grown outdoors over that grown indoors. However, members of Generation Z, who are rapidly becoming America’s most influential demographic, showed a stronger preference for produce from indoor sources.

Greenhouses Dominate Plant Factory Industry Share

Greenhouse farming offers several advantages over traditional farming methods, such as greater control over environmental factors like temperature, humidity, and lighting, which can result in higher crop yields and quality. As growers see the benefits of greenhouse farming, they may also become interested in incorporating plant factory technology into their operations, which can further increase efficiency, reduce costs, and improve crop quality. This can drive further demand for plant factory systems and technologies, leading to further growth in the plant factory industry.

Plant Factory Market Growth Drivers

To meet the rising demand for food and address the challenges posed by shrinking cropland and declining soil fertility, alternative farming techniques like vertical farming have gained prominence. These technologies are crucial for achieving food self-sufficiency, especially in countries that have historically struggled with domestic production and supply due to limited natural resources and unfavorable climatic conditions. The scarcity of arable land, poor soil quality, and increased food demand have spurred the development of innovative methods like vertical farming, which is gradually gaining traction worldwide. Vertical farming optimizes space by growing food in stacked layers or towers, offering advantages such as more efficient land use, consistent year-round crop production unaffected by weather conditions, and reduced water and pesticide usage.

In recent years, many restaurants have embraced the concept of local food, advancing it further with the acceptance of hyperlocal food. This approach involves restaurants either growing their own produce or sourcing it from nearby farms, promoting sustainability and supporting the local economy while ensuring high-quality ingredients. Hyperlocal restaurants, which source almost all their food locally, have become more common. Some restaurants even have their own gardens to grow the vegetables used in their dishes.

Europe Dominates Global Plant Factory Market Share

The plant factory industry has been studied in North America, Europe, Asia Pacific, South America and Rest of the World. The growth of the plant factory market in Europe is driven by a combination of factors, including increased demand for locally grown produce, government support and funding, technological advancements, environmental concerns, and growing consumer interest in sustainable and locally grown produce. Many European countries have implemented policies and initiatives that encourage the adoption of sustainable agricultural practices, including plant factories. For example, the European Union’s Horizon 2020 program has allocated significant funding for research and innovation in sustainable agriculture, including plant factory technology. Additionally, some countries offer tax incentives and other benefits to growers who adopt these practices.

Plant Factory Leaders: How AeroFarms, Gotham Greens, and Others are Shaping Agriculture

· AeroFarms: Transforming urban agriculture with over 14 years of expertise in aeroponics, AeroFarms builds large-scale indoor vertical farms for high-quality baby leafy greens and microgreens. With a focus on local freshness and a patented growing cloth medium, AeroFarms partners with global leaders like IKEA and Goldman Sachs to bring sustainable farming solutions to the US and beyond.

· Gotham Greens: Pioneering urban agriculture, Gotham Greens operates climate-controlled, solar-powered greenhouses across American cities. By leveraging hydroponic technology and machine learning, they produce fresh, local produce year-round, all while minimizing environmental impact with their sustainable energy practices.

· Bowery Farming Inc: As the largest vertical farming company in the US, Bowery Farming Inc. uses cutting-edge technology, including AI and robotics, to grow organic, pesticide-free produce. Their smart farms, powered by BoweryOS, ensure fresh, flavorful greens are available at major retailers and grocery stores across the Northeast and Mid-Atlantic regions.

· Oishii: Revolutionizing the fruit industry, Oishii’s vertical farms in the US produce the renowned Japanese "Omakase Berry." By mimicking ideal growing conditions and eliminating pesticides, Oishii delivers strawberries with unmatched sweetness and quality, advancing sustainability in the vertical farming sector.

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Urban Farming Market Share, Key Market Players, Trends & Forecast, 2024–2030

The Urban Farming Market was valued at USD 1.9 billion in 2023-e and will surpass USD 2.7 billion by 2030; growing at a CAGR of 4.2% during 2024 - 2030. As the global population continues to urbanize, the urban farming market is growing rapidly, presenting new opportunities and challenges. This blog explores the factors driving the rise of urban farming, the benefits it offers, and the innovative trends shaping its future.

The report focuses on estimating the current market potential in terms of the total addressable market for all the segments, sub-segments, and regions. In the process, all the high-growth and upcoming technologies were identified and analyzed to measure their impact on the current and future market. The report also identifies the key stakeholders, their business gaps, and their purchasing behavior. 

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The Driving Forces Behind Urban Farming

Sustainability and Environmental Concerns: With increasing awareness of climate change and environmental degradation, urban farming offers a way to reduce the carbon footprint associated with food transportation. Locally grown produce means fewer food miles and lower emissions.

Food Security: Urban areas, especially those with limited access to fresh produce, benefit from urban farming by ensuring a steady supply of nutritious food. This is particularly vital in food deserts where grocery stores are scarce.

Technological Advancements: Innovations in agriculture technology, such as hydroponics, aquaponics, and vertical farming, have made it feasible to grow crops in urban environments. These methods maximize space and resources, making urban farming more efficient and productive.

Economic Opportunities: Urban farming creates jobs and stimulates local economies. From farmers and gardeners to tech developers and marketers, the sector provides diverse employment opportunities.

Community Engagement: Urban farms often serve as community hubs, bringing people together to learn about sustainable practices, share resources, and foster a sense of belonging.

Benefits of Urban Farming

Improved Food Quality and Nutrition: Urban farms typically produce fresher and more nutrient-dense food compared to what is found in supermarkets. This is due to shorter supply chains and reduced need for preservatives.

Environmental Benefits: Urban farming can transform unused or underutilized spaces into green areas, improving air quality, reducing urban heat islands, and promoting biodiversity.

Educational Opportunities: Schools and community organizations use urban farms as living classrooms to teach children and adults about agriculture, nutrition, and environmental stewardship.

Mental and Physical Health: Gardening and farming activities provide physical exercise and mental health benefits, such as reduced stress and improved well-being.

Trends Shaping the Future of Urban Farming

Vertical Farming: By growing crops in stacked layers, vertical farming maximizes space, allowing for higher yields in smaller areas. This trend is particularly significant in densely populated cities with limited land availability.

Smart Farming Technologies: The integration of IoT (Internet of Things) devices, AI (Artificial Intelligence), and data analytics is revolutionizing urban farming. Smart sensors monitor soil moisture, nutrient levels, and plant health, optimizing growing conditions and reducing waste.

Community-Supported Agriculture (CSA): CSAs are gaining popularity as a model where consumers subscribe to receive regular shares of produce from local farms. This not only provides farmers with a stable income but also strengthens the connection between urban dwellers and their food sources.

Rooftop and Indoor Gardens: Utilizing rooftops and indoor spaces for farming is becoming more common. These gardens can be found on residential buildings, offices, and even restaurants, contributing to urban greening and sustainability.

Public Policy and Incentives: Governments and municipalities are increasingly recognizing the value of urban farming. Policies and incentives, such as grants, tax breaks, and zoning regulations, are being implemented to support and encourage the practice.

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Challenges and Considerations

While urban farming offers numerous benefits, it also faces challenges. These include limited space, high initial setup costs, regulatory hurdles, and the need for specialized knowledge and skills. Addressing these challenges requires collaboration between policymakers, businesses, and communities to create supportive environments for urban farming initiatives.

Conclusion

The Urban Farming Market is poised for significant growth as cities strive to become more sustainable and self-sufficient. By leveraging technological advancements, fostering community engagement, and implementing supportive policies, urban farming can play a crucial role in shaping the future of urban living. As more people embrace this movement, the potential to transform our cities into greener, healthier, and more resilient spaces becomes increasingly attainable.

[vijukumar]

Cultivating the Future: Trends and Key Players in the Protected Cultivation Market

The protected cultivation market is experiencing a surge in growth, driven by the increasing demand for sustainable and efficient food production methods. As the global population continues to rise and climate change poses significant challenges, the need for innovative agricultural solutions has become more pressing than ever before.

Market Trends

One of the key trends in the protected cultivation market is the increasing adoption of advanced technologies, such as hydroponics and LED lighting. These technologies allow for more efficient use of resources, such as water and energy, while also improving crop yields and quality.

Another trend is the growing popularity of vertical farming, which involves cultivating crops in stacked, indoor environments. This approach allows for higher crop densities and reduced land usage, making it an attractive option for urban areas with limited space.

Additionally, the market is seeing a shift towards eco-friendly practices and reduced environmental impact. Growers are increasingly focused on minimizing their carbon footprint and adopting sustainable cultivation methods, such as the use of renewable energy sources and the recycling of water and nutrients.

Market Players

The protected cultivation market is dominated by several key players, each with a significant market share. Some of the major players in the market include:

GreenTech Agro: A leading provider of greenhouse solutions, with a focus on advanced technologies and sustainable practices.

Ammerlaan Construction: A prominent player in the greenhouse construction and design industry.

Priva: A global leader in greenhouse automation and control systems.

Ridder Group: A manufacturer of greenhouse equipment and solutions, with a strong focus on energy efficiency.

Bayer Crop Science: A multinational agrochemical and pharmaceutical company, with a growing presence in the protected cultivation market.

These companies are continuously investing in research and development to create innovative solutions that address the evolving needs of the market.

GreenTech Agro, for example, is known for its pioneering greenhouse solutions that leverage advanced technologies and sustainable practices. The company's focus on optimizing growing conditions and improving crop yields has made it a trusted partner for growers seeking to maximize their operations.

Ammerlaan Construction, on the other hand, has established itself as a leader in the design and engineering of state-of-the-art greenhouse facilities. The company's expertise in project management and its ability to deliver high-performing protected cultivation systems have made it a preferred choice for growers.

Priva, a global leader in greenhouse automation and control systems, has been instrumental in helping growers precisely manage the environmental conditions within their protected cultivation facilities. The company's advanced technologies have enabled growers to optimize growing conditions and maximize crop yields.

The Ridder Group, a prominent manufacturer of greenhouse equipment and solutions, has been at the forefront of promoting energy efficiency and sustainability in the protected cultivation market. The company's products, which include climate control systems, irrigation solutions, and cultivation substrates, have been widely adopted by growers seeking to reduce their environmental footprint.

Bayer Crop Science, as a multinational agrochemical and pharmaceutical company, has been leveraging its expertise in crop protection and plant health management to develop innovative solutions for the protected cultivation market. The company's integrated approach to agrichemicals and protected cultivation has allowed it to cater to the specific needs of growers operating in these specialized environments.

Conclusion

The protected cultivation market is poised for significant growth in the coming years, driven by the increasing demand for sustainable and efficient food production methods. The market is characterized by the adoption of advanced technologies, the growing popularity of vertical farming, and a focus on eco-friendly practices. The key players in the market, such as GreenTech Agro, Ammerlaan Construction, Priva, Ridder Group, and Bayer Crop Science, are shaping the future of protected cultivation through their continuous investments in research and development, their focus on innovative solutions, and their commitment to promoting sustainable practices. As the protected cultivation industry continues to evolve, the contributions of these industry leaders will be crucial in unlocking the full potential of this dynamic and rapidly growing market.

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Vertical Farming Market: Technological Prospects 2022-2028

Vertical farming – a closed environment crop-growing technique has gained prominence globally owing to high food consumption and lack of arable land for cultivation. The volume of global food consumption reached 2.5 billion metric tons in 2021. This elevates the need for this technique to reduce reliance on weather, high soil fertility, and water consumption. Our estimates indicate that the global vertical farming market is set to propel at a CAGR of 23.10% from 2022 to 2028.

Several crops have been grown in stacked layers in skyscrapers, warehouses, or shipping containers in recent years, especially in Asia and Europe. For instance, Vertical Future, a London-based company, concluded research to deliver sustainable fresh produce with zero agrichemical components. Hence, a gradual shift from conventional agrochemical-based farming to sustainable controlled environment agriculture has widened the market’s scope.

Technology-Driven Offerings – A Sustainable Approach

Lighting category captures the major share in terms of offering and is expected to continue its dominance over the forecast period. Farming with lighting technology enables consistent plant growth, reducing the heat stress on roots and ensuring uniform lighting. LED, in this regard, is a popular supplementary light source as it consumes 85% less heat than high-pressure sodium (HPS) lights.

Hence, the LED grow light is set to become the most sought-after technology, forecasted to reach about $12 billion by 2030. GoodLeaf, a Canadian vertical farm, is among the many to have replaced old lighting systems with LED to grow varied crops and reduce overall energy-related costs in vertical farming. Overall, the growing implementation of this technique in skyscrapers and greenhouses is estimated to drive the market’s demand in the coming years.

Vertical farming is inclined towards deploying sensors to store information in the cloud and analyze data in real time using the internet of things (IoT). Increasing government support for modern agricultural techniques has boosted the demand for these sensors in the market. For example, the European Commission introduced the Farm Advisory System to help farmers understand rules for animal health, agriculture, and the environment.

Another development includes collaboration between International Rice Research Institute and government partners to introduce the Cereal System initiative in South Asia to offer tools for location-specific fertilizer recommendations to growers. Estimates indicate C02 sensors to be a popular device, followed by pH, EC, and magnetometer sensors.

Climate control is a critical aspect of indoor farming techniques, with air quality control gaining major prominence. Hence, CO2 enrichment methods have been adopted to saturate CO2 solutions, reducing overall cost and the need for additional equipment such as HVAC systems. Since the build-up of heat and humidity in the growing area increases the risk of infection, vertical planes are incorporated as it allows air to move easily compared to horizontal layouts.

However, the rising need for airflow examination has influenced players to introduce new systems, such as the airflow monitoring system by Kanomax that measures air velocity 24/7, enabling farmers to intervene in real time if the airflow is poor or excessive. The deployment of such advanced systems creates opportunities for operating players to launch new products, thus driving the market.

Bio-Pharma Farming – A new Vertical?

In addition to being economically viable in the food industry, vertical farming is expected to show significant prominence in the biopharma sector in the upcoming years. Molecular farming, in this scenario, holds the potential to offer proteins that can be used as a therapeutic tool in healthcare and life sciences. In line with this, a few bio-pharma companies like Abattis Bioceuticals Corp have adopted vertical farming technology to produce nutraceutical components. Therefore, the adoption of advanced solutions like indoor cultivation will accelerate the vertical farming market’s development over the forecast period.

 

FAQs:

Q1) Which countries have adopted vertical farming?

Several countries in the Asia-Pacific and Europe have adopted vertical farming techniques, including Japan, China, Singapore, the UK, France, and the Netherlands.

Q2) Which are the key crop types in the vertical farming market?

Tomato, berries, pepper, cucumber, microgreens, lettuce and leafy vegetables, and others are key crop types in the vertical farming market.

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Agrochemicals Market - Forecast (2024 - 2030)

The global agrochemical market revenue crossed $267.6 billion as of 2023 with a CAGR of 4% and will continue to leverage a better economy in the forecasted period 2024 to 2030. According to a finding of Proceedings of the National Academy of Sciences (PNAS) of the United States of America, pests and pathogens cost nearly $40 billion to the plants and forest crop production in the U.S. every year. This statistic is reflective of the need for agricultural chemicals such as insecticides, herbicides, fungicides, and pesticides on a large scale. The residential and commercial gardens are also affected by the resultant economic loss. As a result, they incorporate agrichemical sprays and fertilizers to eradicate pest issues along with promoting plant growth and crop yields significantly. APAC is a massively populated region; therefore, it relies on farming and cultivation practices to balance the increasing food consumption rate. However, the rise in infested agricultural fields is a major limitation to the regional agricultural economy. Ricepedia reports that Asia, alone, produces and consumes 90% of rice in the world. Asian agricultural countries use modern farming techniques with a stronghold in agronomy. Besides, there is a surge of government-subsidized agrichemical inputs available to the local farmers. All these collectively influence APAC’s contribution to the global agrochemical market. This resonates with the fact that APAC held a major regional share of 32.50% acquiring huge profit in the year 2023.

IndustryARC’s expertise highlights, “Increase in the number of invasive species is a perennial threat to the current agricultural productivity which majorly upheaves the global agrochemical market demand to eliminate the threat of crop loss.” Non-agricultural indoor plantations, residential gardening, nurseries, and others have subsequent involvement in the mounting agrochemical demand which is projected to grow at a CAGR of 3.86% during the forecast period of 2024-2030. Pests and diseases are a constant threat to wheat and maize cultivation throughout the world. Consequently, there is a greater dependency on pesticides, adjuvants, and fertilizers to inhibit the growth of pest infestation. Wheat and maize farming segment is evaluated to increase at 5.20% CAGR through to 2030 and is foreseen to expand largely over this period.

The agrochemicals market is increasingly influenced by the trend toward sustainable agriculture. This shift entails developing and using products that minimize environmental impact while maintaining agricultural productivity. This trend is driven by consumer awareness, regulatory pressures, and a broader societal push towards sustainable practices. Companies are focusing on eco-friendly fertilizers and pesticides, soil health, and water conservation methods. This shift also includes a greater emphasis on integrated pest management and reduced chemical use, balancing agricultural needs with ecological preservation.

Digital agriculture is revolutionizing the agrochemicals market by enabling more precise and efficient use of agricultural inputs. This trend involves leveraging technologies like AI, IoT, and big data analytics for targeted pesticide and fertilizer applications, minimizing waste and environmental impact. By providing farmers with real-time data on crop health, soil conditions, and weather patterns, digital tools help in optimizing resource use and decision-making. This technological integration not only boosts crop yields but also supports sustainable farming practices through informed agrochemical application.

Agrochemicals Market Growth Drivers:

Frequent incidences of new pests, pathogens, and weeds in farming, plantation, and residential gardening discovered in the past decade. Significantly, there is a huge requirement for effective agrochemicals for reducing economic and crop loss. Also, the application of chemical growth agents such as adjuvants and hormones helps in healthy crop yields. Consequently, the global agrochemical market experiences huge demand thereby gaining a lucrative economy.

While chemical pests and pathogen inhibitors pose a threat to ecological sustenance, organic agrochemicals are on the rise in modern farming across the world. There is a rise in the organic farming method owing to its suitability for regulating the spread and growth of agricultural pests and diseases. Concurrently, the increasing usage of natural pesticides and fertilizers provides a greater scope of opportunity for the global agrochemical market.

Agrochemicals Market Companies:

Bulk supply of agrochemicals throughout the world is facilitated by different companies such as The Mosaic Co., Agrium Inc., BASF SE, DowDuPont, Israel Chemicals, PI Industries, Bayer AG, Sumitomo Chemical Co., Syngenta AG, and Yara International. R&D investment for developing innovative techniques and products also complying with environmental sustainability and government regulations are key to the success of these market leaders.

Sumitomo Chemical Co. is a leading chemical product distributing company in Japan with a prime focus on petrochemicals and plastics, pharmaceuticals, health, and crop-related services. Their main involvement in the agricultural sector is promoted by crop protection chemicals which include insecticides, plant growth regulators, fungicides, herbicides, and so on.