#Indoor Farming Technology Market Growth

[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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Grow Lights Market Will Reach USD 13,183 Million by 2030

As per a report by P&S Intelligence, the grow lights market will advance at 28% CAGR, to generate a value of USD 13,183 million, by 2030.

The growth in the industry is ascribed to the growing requirement for food as a result of the rising disposable income, increasing population, rapid urbanization, advancement of technologies in the agriculture sector, and the increasing preference for enhanced and new practices of farming.

The LED category is expected to dominate the grow lights market in the years to come. This is attributed to the increasing government programs to encourage the adoption of LED lights and drivers and the increasing demand for energy-efficient and affordable grow lights by consumers.

In the past few years, the retrofit category generated a larger revenue share in the industry, and it will remain larger in the years to come. This is because of the rising adoption of such lights in farming facilities due to their decreasing costs and the increasing number of new advanced farming facilities all over the world.

A key factor driving the industry is the necessity of more cost-effective grow light technologies in the cities. The expenditure on food production is high, and as a result, the requirement for economical food production is growing rapidly in urban areas.

Vertical farming is expected to observe the fastest growth in the years to come, growing at a rate of approximately 29.8%. This is attributed to the mounting requirement for herbs & food and the increasing number of such farms, mainly in developed countries, owing to the lack of space required to establish conventional farms.

In 2021, Europe generated the largest revenue share in the grow light industry, at approximately 33%, and it will remain the largest in the years to come. This is ascribed to the large consumer base and the substantial adoption of LED lights to grow plants inside commercial greenhouses in the region.

Developing nations, for example, India, South Korea, and China are the main buyers in the APAC grow light industry. This is credited to the rapid implementation of enhanced agricultural approaches, for instance, indoor horticulture, which resulted in a high horticulture light requirement in emerging nations.

[markandsparksolutions]

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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🌱 Precision Indoor Farming: Cultivating $14.7B Market by 2034

Precision Indoor Farming Market is experiencing significant growth, driven by the adoption of advanced technologies that allow for the cultivation of crops in controlled indoor environments. This innovative sector includes methods such as hydroponics, aeroponics, aquaponics, and vertical farming, along with cutting-edge technologies like IoT, AI, and data analytics to optimize plant growth. These techniques enable year-round, sustainable food production, addressing global challenges such as urbanization and food security. By enhancing both the quality and quantity of crop yields while minimizing resource usage, precision indoor farming offers a more sustainable solution for the future of agriculture.

To Request Sample Report: https://www.globalinsightservices.com/request-sample/?id=GIS11056 &utm_source=SnehaPatil&utm_medium=Article

The market is expanding rapidly, with vertical farming emerging as the leading sub-segment, known for its high-yield potential and efficient use of space. Hydroponics, another key method, is gaining traction due to its water conservation benefits, particularly in urban settings where water resources are limited. Regionally, North America holds the dominant market position, thanks to ongoing technological advancements and a strong focus on sustainable farming practices. Europe closely follows, with Germany leading due to its strong agricultural sector and government incentives supporting indoor farming.

In 2023, the market reached an estimated 200 million square meters, with projections to grow to 350 million square meters by 2033. The hydroponics segment accounted for 45% of the market share, followed by aeroponics at 30% and aquaponics at 25%. Companies such as AeroFarms, Bowery Farming, and Plenty Inc. are at the forefront of this revolution, utilizing innovative farming techniques and technologies to scale their operations.

As the demand for fresh produce continues to rise, and the push for sustainable urban farming solutions intensifies, the Precision Indoor Farming Market is set for continued growth, projected to expand at an annual rate of 15%.

#IndoorFarming #PrecisionFarming #VerticalFarming #Hydroponics #SustainableAgriculture #UrbanFarming #FoodSecurity #SmartFarming #IoT #AIinAgriculture #RenewableEnergy #Agritech #Automation #Aquaponics #Agribusiness #ClimateControl #LEDLighting #DataAnalytics #FarmingInnovation #TechInAgriculture #FarmingSolutions #SustainableFood #AgricultureTechnology #GreenFarming #FarmTech #FutureOfFarmin

[industryforecastnews]

Smart Agriculture Market Size, Share And Industry Report, 2030

Smart Agriculture Market Growth & Trends

The global smart agriculture market size is expected to reach USD 54.71 billion by 2030, registering a CAGR of 13.7% during the forecast period, according to a new report by Grand View Research, Inc. The major factors driving the growth of the agtech industry are the increasing use of Artificial Intelligence (AI) and Internet of Things (IoT) and the integration of image processing technologies into agriculture. Agriculture has grown significantly in recent years owing to precision agriculture practices. The development plan of several nations, such as India, China, and Brazil, emphasizes digital transformation and digitization across various sectors, including agriculture.

The smart agriculture business is predicted to be driven by factors such as constant population increase, favourable government incentives, a scarcity of cultivable land, and a desire for high and fresh-quality food. According to World Health Organization (WHO) and Population Council, an estimated 80% of the world's population lives in urban cities. However, the current land constraint in metropolitan areas has compelled producers to find a new way to produce fresh vegetables. The adoption of smart agriculture techniques will allow producers to grow crops indoors, in a multi-story building, stacked on racks, and in warehouse.

Smart farming can be utilized to produce organic crops on a vast scale. Vertical farming can be used in the large-scale production of organic crops. Controlled growing technologies such as hydroponics and aeroponics eliminate the use of chemical pesticides. Crops are produced in carefully chosen and well-monitored circumstances to guarantee optimal growth all year. As compared to open-field agriculture and other farming practices, vertical farm systems provide more crop rotation. Controlled humidity, temperature, and daylight will eventually result in a faster crop cycle. It takes 21 days for the system to produce fresh vegetables and greens. The growth rate is controlled with the help of a computer database that manages optimum growing conditions for various varieties such as baby spinach, lettuces, baby rocket, tatsoi, and basil.

Technological improvements in numerous industries have also positively impacted agriculture, as landowners and farmers are always striving to get the most out of their resources and land. Furthermore, due to labor difficulties such as a shortage of qualified farmers, a rising number of aged farmers, and a growing trend of large-scale farms, agriculture automation is gaining pace. Innovations in GPS mapping and associated farm applications, as well as advancements in precision agriculture, are also assisting farmers in operating more effectively and increasing their profit margins.

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Smart Agriculture Market Report Highlights

Precision farming agriculture type held the significant market share in 2023 as it allows measured application of agriculture inputs such as fertilizers and pesticides, thereby boosting the crop yield

The software segment is expected to register the highest growth rate over the forecast period. Cloud-based software is expected to be in high demand in the coming years

Smart greenhouse application is expected to be the fastest-growing segment during the forecast period of 2024 to 2030. HVAC management applications held the largest share in terms of revenue in 2023

The increasing adoption of modern technologies in agriculture, along with the reduced price of connected devices, is likely to influence the demand for smart agriculture solutions in the Asia Pacific regional market.

Smart Agriculture Market Segmentation

Grand View Research has segmented the Smart Agriculture market based on offering, application, and regions

Smart Agriculture Type Outlook (Revenue, USD Million, 2017 - 2030)

Precision farming

Livestock monitoring

Smart greenhouse

Others

Smart Agriculture Offering Outlook (Revenue, USD Million, 2017 - 2030)

Hardware

Software

Types

Smart Agriculture Application Outlook (Revenue, USD Million; 2017 - 2030)

Precision farming application

Livestock monitoring application

Smart greenhouse application

Others

Smart Agriculture Regional Outlook (Revenue, USD Billion, 2017 - 2030)

North America

Europe

Asia Pacific

South America

Middle East and Africa (MEA)

List of Key Players in the Smart Agriculture Market

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

Browse Full Report: https://www.grandviewresearch.com/industry-analysis/smart-agriculture-farming-market

[global-research-report]

Soil-Free, Limitless Potential: Driving Growth in the Hydroponics Industry

The global hydroponics market size is estimated to reach USD 10.98 billion by 2030, exhibiting a CAGR of 12.4% from 2024 to 2030, according to the new study conducted by Grand View Research, Inc. The integration of smart farming technologies, notably exemplified by the adoption of vertical farming, has played a pivotal role in advancing hydroponics and is projected to be a key driver of market growth. The continuous improvement in hydroponics technologies, coupled with the introduction of state-of-the-art innovations such as environmental and temperature sensing, remote growth monitoring, and automatic nutrient reading, is expected to significantly bolster the demand for hydroponic solutions in the market.

Based on type, the market is categorized into aggregate systems and liquid systems. The aggregate systems segment is projected to continue holding the largest market share over the forecast period. The liquid systems segment is poised for substantial growth at a high Compound Annual Growth Rate (CAGR) during the forecast period. In contrast, aggregate hydroponics farming involves a range of technologies, including drip, wick, and ebb and flow systems. In these methods, plants are cultivated using a medium like rock wool or perlite. Selecting the appropriate medium is crucial for farmers, considering variations in pH and thickness that can impact root growth. However, liquid systems, such as deep-water culture and Nutrient Film Technique (NFT), eliminate the need for such media by delivering nutrients directly to the roots. This streamlined approach not only enhances efficiency but also accelerates the time required for yielding crops. Consequently, the adoption of liquid systems is anticipated to experience substantial growth throughout the forecast period.

The primary crops cultivated through the hydroponics method are tomatoes, lettuce, cucumber, and herbs. The majority of indoor farmers use hydroponic systems to grow tomatoes. As a result, the tomatoes segment dominates the entire market in 2022 and is estimated to continue its dominance over the forecast period. Rising demand for organically grown, pesticide-free, and highly nutritious vegetables is expected to drive the adoption of hydroponics for the cultivation of lettuce and other leafy vegetables along with other indoor farming techniques. Among all the leafy vegetables, green leaf lettuce is increasingly gaining popularity among the growers owing to its high consumption rate and worldwide demand. However, owing to the changing and favorable regulations about the growth of legalized marijuana, cannabis farmers across the globe are increasingly adopting the hydroponic farming method.

Asia Pacific held the largest market share in 2023, as countries such as China, India, and Japan are finding lucrative opportunities in hydroponics farming to cater to the rising food demand. However, Europe is expected to register the fastest CAGR over the forecast period owing to the favorable government scenario regarding the development and adoption of alternative farming technologies.

The market is fragmented and has the presence of several key market players. Some prominent players in the market include AeroFarms, AmHydro, Argus Control Systems Limited, BrightFarms., Heliospectra and UrbanKisaan, among others. These players are adopting strategies such as partnerships and collaborations to gain a competitive edge. For instance, AeroFarms and Silal, a prominent fresh produce and agri-tech company in Abu Dhabi, have entered into a Memorandum of Understanding (MoU) to establish a durable research and development partnership focused on knowledge and technology exchange in advanced farming methods such as verical farming and hydroponics farming with local farmers.

Hydroponics Market Report Highlights

The market is expected to grow due to factors such as increasing demand for high-quality and pesticide-free crops, limited availability of arable land, and advancements in technology for efficient cultivation.

The aggregate systems holds a significant market share in the market due to factors such as their ability to provide controlled environments for plant growth, efficient nutrient delivery systems, and the flexibility to cultivate a wide range of crops.

The lettuce segment is projected to grow at the fastest CAGR of 15.4% over the forecast period. The online distribution channel segment growth is attributed to the factors such as its relatively short growth cycle, rising demand from households and fast-food chains, and its raw consumption in large quantities.

Europe is likely to emerge as the prominent segment, holding the largest market share by 2030. The countries such as the Netherlands, Turkey, and Spain witness a high adoption rate of hydroponics.

Hydroponics Market Segmentation

Grand View Research has segmented global hydroponics market report based on type, crop type, crop area, and region

Hydroponics Type Outlook (Revenue, USD Billion, 2017 - 2030)

Aggregate Systems

EBB & Flow Systems

Drip Systems

Wick Systems

Liquid Systems

Deep Water Culture

Nutrient Film Technique (NFT)

Aeroponics

Hydroponics Crop Type Outlook (Revenue, USD Billion, 2017 - 2030)

Tomatoes

Lettuce

Peppers

Cucumbers

Herbs

Others

Hydroponics Crop Area Outlook (Revenue, USD Billion, 2017 - 2030)

Upto 1000 sq.ft.

1000-50000 sq.ft.

Above 50000 sq.ft

Hydroponics Regional Outlook (Revenue, USD Billion, 2017 - 2030)

North America

US

Canada

Mexico

Europe

Germany

UK

France

Asia Pacific

China

Japan

India

South America

Brazil

Middle East and Africa (MEA)

Key Players

AeroFarms

AmHydro

Argus Control Systems Limited

Emirates Hydroponics Farms

Freight Farms, Inc.

Heliospectra

Signify Holding

Nutrifresh India

UrbanKisaan

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

[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. 

A Request of this Sample PDF File@- https://www.astuteanalytica.com/request-sample/indoor-farming-market

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

 For Purchase Enquiry: https://www.astuteanalytica.com/industry-report/indoor-farming-market

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. 

Download Sample PDF Report@- https://www.astuteanalytica.com/request-sample/indoor-farming-market

About Astute Analytica:

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.

They are able to make well-calibrated decisions and leverage highly lucrative opportunities while surmounting the fierce challenges all because we analyse for them the complex business environment, segment-wise existing and emerging possibilities, technology formations, growth estimates, and even the strategic choices available. In short, a complete package. All this is possible because we have a highly qualified, competent, and experienced team of professionals comprising business analysts, economists, consultants, and technology experts. In our list of priorities, you-our patron-come at the top. You can be sure of the best cost-effective, value-added package from us, should you decide to engage with us.

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Power Transmission Transformer Market

Power Transformer Market Size, Share, Trends: ABB Ltd. Leads

Integration of Renewable Energy Driving Market Growth

Market Overview:

The global Power Transformer Market is expected to be worth USD 22.83 billion in 2023, with a compound annual growth rate (CAGR) of 7.1% from 2024 to 2031. Rising infrastructure investment and rising electricity consumption in developed and emerging economies are expected to be the primary drivers of market growth during the forecast period. Smart meters are a result of high demand and pro-smart grid projects, which should help the expansion of the power transformer business over the next few years. Moreover, several government initiatives are meant to modernize current power systems and install innovative power transformers to increase energy efficiency and lower losses.

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Market Trends:

Driven by technology developments, governmental initiatives, and mounting environmental concerns, the integration of renewable energy sources—especially wind and solar power—into worldwide electricity systems is fast accelerating. With forecasts showing that this percentage must increase to 57–78% by 2030 to keep a path to net-zero emissions, wind and solar power together accounted for 12% of worldwide electricity output in 2022. Significant investments in big projects like the Hornsea wind farm in the United Kingdom and the Noor Abu Dhabi Solar Plant in the United Arab Emirates as well as the development of new power transformer technologies able of managing variable renewable outputs support this trend.

Market Segmentation:

Three voltage levels define the market: low voltage transformers (for local distribution up to 1 kV), medium voltage transformers (for substation applications 1 kV to 69 kV), and high voltage transformers (for power transmission above 69 kV). Three types of cooling transformers are used: air-cooled transformers, which are fit for lower power applications; dry-type transformers, which are perfect for indoor use and have solid insulation; and oil-immersed transformers, which are generally used for high voltage and high power applications.

Market Key Players:

The power transformer market is highly competitive, with many prominent players vying for market supremacy through product innovation, strategic partnerships, and geographic growth. Key companies such as ABB Ltd., Siemens AG, General Electric, Schneider Electric, Mitsubishi Electric Corporation, Toshiba Corporation, Hitachi Ltd., Bharat Heavy Electricals Limited (BHEL), Hyundai Electric & Energy Systems Co., Ltd., and CG Power and Industrial Solutions Limited dominate the market.

Contact Us:

Name: Hari Krishna

Email us: hari.krishna@aurorawaveintellects.com

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[kristinahertzz]

Floriculture Market

Floriculture Market Size, Share, Trends: Dümmen Orange Leads

Sustainable Practices Reshape Industry Landscape

Market Overview: 

The global floriculture market is projected to grow at a CAGR of 6.3% from 2024 to 2031. The market value is expected to rise significantly during this period, with Europe dominating the market, followed closely by Asia-Pacific. Key metrics include increasing urbanization, rising disposable income, and growing demand for ornamental plants and cut flowers.

The floriculture market is expanding rapidly, driven by rising consumer interest in gardening, landscaping, and interior décor. The COVID-19 pandemic has increased demand for indoor plants, as individuals spend more time at home. Furthermore, the growing popularity of employing flowers and plants in various events and festivities is helping to drive market growth.

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Market Trends: 

In response to growing environmental concerns, the floriculture business is transitioning to more sustainable practices. Growers are increasingly using environmentally friendly growing methods like as organic farming, integrated pest management, and water-saving irrigation technologies. Consumer demand for environmentally friendly products, as well as stricter pesticide use rules, are driving this trend. For example, the European Union's Farm to Fork Strategy intends to reduce chemical pesticide use by 50% by 2030, encouraging floriculture enterprises to innovate and adapt. Furthermore, environmental packaging options, such as biodegradable flower sleeves and recycled materials, are gaining popularity in the market.

Market Segmentation: 

Cut flowers remain the largest and most profitable section of the floriculture business, owing to increasing demand for fresh flowers at events, celebrations, and in everyday home decor. Roses, chrysanthemums, and tulips are among the most popular cut flower kinds, with roses accounting for over YY% of the global cut flower market. The expanding popularity of subscription-based flower delivery services in established nations, as well as the growing trend of flower gifting in emerging economies, are driving the segment's expansion.

In recent years, the cut flower industry has undergone considerable technological developments in post-harvest processing and cold chain management, which have extended flower vase life and enabled long-distance shipment. For example, the advent of modified environment packaging has enabled the preservation of cut flowers for up to three weeks, creating new export prospects for producers in Africa and South America.

Market Key Players:

Dümmen Orange

Syngenta Flowers

Beekenkamp Group

Selecta One

Danziger Group

Contact Us:

Name: Hari Krishna

Email us: hari.krishna@aurorawaveintellects.com

Website: https://aurorawaveintellects.com/

[shreeja-k]

"Revolutionizing Agriculture: The Role of the Metaverse in Shaping the Future of Indoor Farming"

The Metaverse and the Future of Indoor Farming: Revolutionizing Agriculture with Technology

As the world faces the challenges of a growing population, climate change, and dwindling natural resources, the agricultural industry is turning to technology for solutions. One of the most exciting and innovative developments is the Metaverse in indoor farming—a blend of immersive virtual technologies and advanced farming methods that are reshaping how we grow food, manage farms, and engage with consumers.

The Metaverse: A New Frontier in Indoor Farming

The Metaverse is quickly gaining momentum in the world of indoor farming, and for good reason. By 2030, the global Metaverse in indoor farming market is expected to grow from USD 536.55 million in 2024 to USD 761.11 million, with an annual growth rate of 5.12%. This growth is largely driven by the increasing need for sustainable farming practices and the adoption of innovative technologies like Virtual Reality (VR), Augmented Reality (AR), Artificial Intelligence (AI), and the Internet of Things (IoT).

Indoor farming, with techniques such as vertical farming, hydroponics, and aquaponics, is already changing the way we grow crops, allowing for more efficient use of space and resources. The integration of the Metaverse takes it even further, enhancing the potential of these methods and opening up new possibilities for farmers around the globe.

How the Metaverse is Changing Indoor Farming

1. Visualizing and Planning with VR and AR

Farmers can now use Virtual Reality (VR) and Augmented Reality (AR) to visualize and plan their farms like never before. Through the Metaverse, they can create 3D models of their indoor farms, allowing them to experiment with different layouts, crop placements, and design changes. This kind of enhanced visualization helps farmers make more informed decisions, ensuring they’re optimizing space and resources for maximum crop yield and sustainability.

2. Building Transparency with Consumer Engagement

Consumers are increasingly concerned with where their food comes from and how it is produced. The Metaverse offers an innovative solution by allowing consumers to take virtual tours of indoor farms. These immersive experiences help build trust between farmers and consumers by offering transparency into farming practices. Consumers can witness firsthand the sustainable practices being employed and learn more about the entire journey of their food. This level of engagement not only fosters a connection but also creates new opportunities for farmers to market their produce in exciting and interactive ways.

3. Remote Monitoring and Management

Another powerful aspect of the Metaverse is its ability to provide remote monitoring and management capabilities. With the integration of IoT and AI, farmers can remotely monitor their crops in real time. Sensors placed throughout the indoor farm collect data on factors like temperature, humidity, and light levels, which are then visualized in the Metaverse. This allows farmers to make quick adjustments to the environment, ensuring optimal growth conditions, even if they are miles away from their farms.

4. Revolutionizing Training and Education

The Metaverse is also paving the way for the future of agricultural education. VR and AR technologies are enabling immersive learning experiences, where farmers and agricultural students can practice farming techniques without the constraints of physical resources. These hands-on virtual experiences allow individuals to replicate real-world farming scenarios and experiment with new techniques in a safe, controlled environment. This provides an invaluable tool for training and research, allowing individuals to stay on top of the latest trends and technologies in the field.

Challenges to Overcome

While the Metaverse has enormous potential, there are also challenges to its widespread adoption:

High Costs: Setting up advanced technologies like VR, AR, and IoT can be expensive, making it difficult for smaller farms to invest in the necessary infrastructure. The upfront costs of equipment and systems can be a significant barrier for many.

Technological Complexity: The integration of new technologies into existing farming operations can be complicated. Many farmers may lack the technical skills or knowledge to fully utilize these tools, which means additional training and support will be needed to ensure successful adoption.

Infrastructure Needs: Implementing these technologies requires a strong technological infrastructure, which might not be readily available in all regions. For some, upgrading or establishing the necessary network can be a hurdle.

Opportunities for Growth in the Metaverse

Despite these challenges, the Metaverse presents tremendous opportunities for growth, especially in the following areas:

Educational Advancements: The ability to provide interactive, hands-on training through virtual environments is one of the most exciting aspects of the Metaverse. As the demand for skilled agricultural workers grows, VR and AR will play a key role in educating the next generation of farmers and agronomists.

Global Collaboration: With the Metaverse, farmers, researchers, and agricultural professionals from around the world can collaborate in virtual spaces. This opens up opportunities for knowledge-sharing, problem-solving, and the rapid spread of best practices, all of which can accelerate innovation in the sector.

Blockchain for Supply Chain Transparency: Integrating blockchain technology into the Metaverse adds an extra layer of transparency and security to the supply chain. Farmers can track their produce from farm to table, offering consumers more trust in the authenticity and sustainability of their food.

Looking Ahead: The Future of Indoor Farming

The future of agriculture is here, and it's virtual. The Metaverse in indoor farming is changing the way we approach food production, sustainability, and education. While there are challenges to overcome, the benefits of this technological transformation are undeniable. By embracing new tools and methodologies, farmers can increase efficiency, reduce waste, and better engage with consumers, all while contributing to a more sustainable future.

The Metaverse is no longer just a concept—it’s a reality that’s transforming farming as we know it. As the world continues to urbanize and face environmental challenges, the innovations brought by the Metaverse will play a pivotal role in shaping the future of food production, ensuring that we can feed the world in a sustainable and efficient way. The future of farming is in the cloud, and it's ready to grow.

[marketsndata]

Japan Fish Farming Market Report 2032

Japan fish farming market is projected to witness a CAGR of 2.10% during the forecast period FY2025-FY2032, growing from USD 5.65 billion in FY2024 to USD 6.67 billion in FY2032. Japan has long relied on its surrounding marine resources, but overfishing and environmental changes have significantly declined wild fish populations. To address this, Japan is increasingly turning toward fish farming as a sustainable alternative to meet its seafood demand while preserving natural fish stocks. As per the estimates of the Food and Agriculture Organization, the fish consumption in Japan in 2024 was 5,842 tons.

The technological changes have made land-based aquaculture more practical and efficient in Japan. The recirculation aquaculture systems recycle the water through a closed-loop system, hence giving complete control over the quality of water, temperature, and waste management, consequently optimizing all the conditions for growing fish. Such systems have been prevalent in Japan due to the high demand for space and strict laws on environmental considerations. For instance, in June 2024, Soul of Japan K.K., a Japanese aquaculture company, announced that it had secured a long-term debt facility worth USD 211 million (JPY 33 billion) to develop a recirculating aquaculture system (RAS) facility. This facility will be Asia’s largest land-based salmon farm and is expected to produce 10,000 tons of Atlantic Salmon annually.

Furthermore, the fish farming market is witnessing expansion due to closed containment systems, automated feeding, and water quality monitoring. These innovations are enhancing efficiency and reducing environmental impacts, allowing better regulation of fish health and growth conditions. It has been made significant in Japan due to space and natural resource constraints.

Fish farming is supported by the Government of Japan as one of the diversification economies, especially for rural coastal areas, since fishing industries are able to create jobs and sustain the economy at the grassroots level. It thus has become an integral component of various regional development strategies.

Land-based Fish Farming to Drive Market Growth

Land-based fish farming is a rapidly developing recirculating aquaculture system in Japan. The country has a very dense population on a relatively small land space, which presents significant challenges to traditional aquaculture and marine fisheries. It has resulted in overfishing and pollution in coastal waters, hence reducing wild fish stocks and necessitating alternative ways of producing fish. Land-based fish farming is a more viable or sustainable alternative to aquaculture since the levels of degradation of the environment, mainly water pollution and escape of farmed species to the wild, are generally high.

Besides, land-based fish farming is gaining popularity in the country due to the emphasis that has been laid on the quality and security of food. With more control over the farming environment, producers can produce high-quality fish that is disease-free and meets all the stringent safety standards required by Japanese consumers. It is a method that will allow the production of premium varieties of fish for Japan’s sophisticated seafood market.

General Oyster, a Tokyo-based company, announced in January 2024 that it had successfully farmed oysters on the land for the very first time in the world. The company utilizes indoor tanks with controlled water temperature and quality, which enables a stable supply of fish of a standard quality.

Increasing Seafood Consumption

Japan has a massive demand for seafood, which is augmenting the growth of the fish farming market. Seafood is a staple in Japanese cuisine, forming the base of iconic dishes such as sushi, sashimi, and tempura. According to the USDA Foreign Agricultural Service estimates, Japan is one of the world’s leading seafood consumers, contributing to the imports of USD 15 billion of seafood products in 2022.

Japan’s geographical surroundings, bounded by nutrient-rich waters, have long made seafood an abundant and accessible food supply. Besides, health-conscious consumers appreciate the nutritional advantages of seafood, such as high-quality protein and omega-3 fatty acids, which are associated with numerous health benefits. Moreover, there is an essential industrial and market relevance to the fishing industry and seafood markets in Japan, guaranteeing seafood remains a central component of daily consumption and culinary culture.

Salmon to Dominate Market Share in Japan

Salmon is consumed in a high quantity in Japan due to cultural preference, health benefits derived from its consumption, and market dynamics. Salmon fish consumption in Japan has been fueled by the advancement of freezing and farming techniques, which have made it a lot safer for consumption.

The richness and flavor in taste, further assisted by all-round culinary usage, have made salmon popular. It is widely used in sushi, sashimi, and other dishes in Japanese cuisine, finding favor with a huge range of consumers. Besides, health imperatives ascribed to salmon, such as high omega-3 fatty acid content, falling in line with health-conscious Japanese consumer trends, further drive the consumption of this fish variety. Other factors, such as consistency of supply and reasonable and relatively stable prices, make salmon more favored than other kinds of fish.

In May 2024, Proximar Ltd, a Japanese land-based salmon farmer, expected to harvest its first Atlantic Salmon in September 2024. Proximar operates its first production facility at the foot of Mount Fuji in Japan. The company targets an annual production of 5,300 tons in Phase 1, with a gradual increase following the initial harvest.

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Future Market Scenario (FY2025 – FY2032F)

The market is expected to witness expansion in the fish farming market due to the regulation of the standards of fish farming by global regulatory bodies such as the Aquaculture Stewardship Council. The regulations help fish farmers promote the best environmental and social fish farming, which fulfills the sustainability requirements. For instance, in June 2024, a Japanese fish farm, Izumisawa-Suisan Co.Ltd., became the first commercial farm to obtain Aquaculture Stewardship Council (ASC) certification for its cherry salmon production. The farm, which produces coho salmon, is based in Kamaishi City.

Report Scope

“Japan Fish Farming Market Assessment, Opportunities and Forecast, FY2018-FY2032F”, is a comprehensive report by Markets and Data, providing in-depth analysis and qualitative and quantitative assessment of the current state of Japan fish farming market, industry dynamics, and challenges. The report includes market size, segmental shares, growth trends, opportunities, and forecast between FY2025 and FY2032. Additionally, the report profiles the leading players in the industry, mentioning their respective market share, business models, competitive intelligence, etc.

Click here for full report- https://www.marketsandata.com/industry-reports/japan-fish-farming-market

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[shrutijadhav2139]

Earthworm Meal Market Overview: Key Factors Impacting Growth, Dynamics, and Future Outlook

The earthworm meal market is gaining significant traction as industries seek sustainable alternatives to traditional protein sources and environmentally friendly solutions. This emerging market is driven by various factors, ranging from the increasing demand for organic farming practices to the need for alternative protein sources in animal feed. Earthworm meal, which is produced by drying and grinding earthworms into a fine powder, is becoming a key component in agriculture, livestock farming, and even human food production.

Key Factors Impacting Growth

One of the primary factors driving the earthworm meal market is the increasing emphasis on sustainability. With global concerns over environmental degradation and the depletion of natural resources, industries are shifting toward more eco-friendly practices. Earthworms play a crucial role in breaking down organic matter and enriching the soil, making earthworm meal an excellent natural fertilizer. It enhances soil health and improves crop yields, thus positioning itself as a valuable alternative to synthetic fertilizers, which have harmful environmental effects.

In agriculture, organic farming is on the rise as consumers demand pesticide-free and chemical-free food products. Earthworm meal, rich in nutrients like nitrogen, phosphorus, and potassium, is increasingly used as a natural fertilizer, boosting its demand. The ability to improve soil structure and promote sustainable farming practices has made earthworm meal a popular choice among organic farmers. As more countries adopt organic certification standards, the market for earthworm meal is expected to expand, driven by the growing need for environmentally responsible farming inputs.

Another key driver of market growth is the rising demand for alternative protein sources. Traditional animal feed ingredients, such as fishmeal and soy, have raised concerns due to their environmental impact and limited availability. Earthworm meal is an attractive alternative because it is rich in protein, essential amino acids, and micronutrients, making it an ideal ingredient in animal feed. Livestock industries, including poultry, aquaculture, and pig farming, are adopting earthworm meal to meet the nutritional needs of animals while minimizing environmental impact.

In addition to animal feed, earthworm meal is being explored as a potential human food source. Although still in the early stages, some companies are experimenting with earthworm meal as a protein-rich ingredient in protein bars, smoothies, and other health foods. With the global population projected to reach nearly 10 billion by 2050, the need for alternative protein sources is expected to grow. Earthworm meal’s high nutritional value, combined with its sustainable production methods, positions it as a promising solution to meet the protein demands of the future.

Market Dynamics

Several dynamics are influencing the earthworm meal market, including technological advancements in earthworm farming and processing techniques. As farming practices evolve, more efficient and cost-effective methods for producing earthworm meal are being developed. This is reducing production costs and increasing accessibility to smaller-scale farmers and producers. The integration of vertical farming systems, which rely on controlled indoor environments, is also expected to drive demand for earthworm meal. These systems create ideal conditions for mass-producing earthworms, making the production of earthworm meal more scalable.

Regulatory frameworks also play a significant role in shaping the market. As awareness about the potential benefits of earthworm meal grows, governments are increasingly supporting the use of organic fertilizers and alternative proteins. Incentives for sustainable agricultural practices, such as subsidies and grants for organic farming, are boosting the adoption of earthworm-based products. However, regulatory challenges surrounding the commercialization of earthworm meal, particularly in human food products, remain. Strict food safety regulations and consumer acceptance will determine the pace at which earthworm meal enters the human food market.

Future Outlook

The future outlook for the earthworm meal market is promising. With growing global interest in sustainability, the market for earthworm meal is expected to expand in the coming years. Technological advancements in earthworm farming and processing, coupled with the increasing demand for alternative proteins in both agriculture and food sectors, will drive market growth. The integration of circular economy practices and sustainable farming methods will further boost the adoption of earthworm meal as a natural fertilizer.

In conclusion, the earthworm meal market is poised for substantial growth as it taps into key trends of sustainability, alternative protein sources, and organic farming. While challenges remain, particularly regarding regulatory hurdles for human consumption, the market’s potential is immense. As industries and consumers alike seek more environmentally responsible solutions, earthworm meal presents a sustainable and nutrient-rich alternative with wide-ranging applications in agriculture, animal feed, and even human food. The market’s growth is set to shape the future of food and agriculture, providing innovative solutions to some of the world’s most pressing challenges.

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[marketanalysisdata]

Smart Agriculture Market set to Witness Rapid Growth by 2030

The global smart agriculture market size is expected to reach USD 54.71 billion by 2030, registering a CAGR of 13.7% during the forecast period, according to a new report by Grand View Research, Inc. The major factors driving the growth of the agtech industry are the increasing use of Artificial Intelligence (AI) and Internet of Things (IoT) and the integration of image processing technologies into agriculture. Agriculture has grown significantly in recent years owing to precision agriculture practices. The development plan of several nations, such as India, China, and Brazil, emphasizes digital transformation and digitization across various sectors, including agriculture.

The smart agriculture business is predicted to be driven by factors such as constant population increase, favourable government incentives, a scarcity of cultivable land, and a desire for high and fresh-quality food. According to World Health Organization (WHO) and Population Council, an estimated 80% of the world's population lives in urban cities. However, the current land constraint in metropolitan areas has compelled producers to find a new way to produce fresh vegetables. The adoption of smart agriculture techniques will allow producers to grow crops indoors, in a multi-story building, stacked on racks, and in warehouse.

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

Smart farming can be utilized to produce organic crops on a vast scale. Vertical farming can be used in the large-scale production of organic crops. Controlled growing technologies such as hydroponics and aeroponics eliminate the use of chemical pesticides. Crops are produced in carefully chosen and well-monitored circumstances to guarantee optimal growth all year. As compared to open-field agriculture and other farming practices, vertical farm systems provide more crop rotation. Controlled humidity, temperature, and daylight will eventually result in a faster crop cycle. It takes 21 days for the system to produce fresh vegetables and greens. The growth rate is controlled with the help of a computer database that manages optimum growing conditions for various varieties such as baby spinach, lettuces, baby rocket, tatsoi, and basil.

Technological improvements in numerous industries have also positively impacted agriculture, as landowners and farmers are always striving to get the most out of their resources and land. Furthermore, due to labor difficulties such as a shortage of qualified farmers, a rising number of aged farmers, and a growing trend of large-scale farms, agriculture automation is gaining pace. Innovations in GPS mapping and associated farm applications, as well as advancements in precision agriculture, are also assisting farmers in operating more effectively and increasing their profit margins.

Smart Agriculture Market Report Highlights

Precision farming agriculture type held the significant market share in 2023 as it allows measured application of agriculture inputs such as fertilizers and pesticides, thereby boosting the crop yield

The software segment is expected to register the highest growth rate over the forecast period. Cloud-based software is expected to be in high demand in the coming years

Smart greenhouse application is expected to be the fastest-growing segment during the forecast period of 2024 to 2030. HVAC management applications held the largest share in terms of revenue in 2023

The increasing adoption of modern technologies in agriculture, along with the reduced price of connected devices, is likely to influence the demand for smart agriculture solutions in the Asia Pacific regional market.

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

Satellite Propulsion System Market: The global satellite propulsion system market size was estimated at USD 11.05 billion in 2024 and is projected to grow at a CAGR of 13.6% from 2025 to 2030.

AI In Cybersecurity Market: The global AI in cybersecurity market size was estimated at USD 25.35 billion in 2024 and is expected to witness a CAGR of 24.4% from 2025 to 2030.

Smart Agriculture Market Segmentation

Grand View Research has segmented the Smart Agriculture market based on offering, application, and regions

Smart Agriculture Type Outlook (Revenue, USD Million, 2017 - 2030)

Precision farming

Livestock monitoring

Smart greenhouse

Others

Smart Agriculture Offering Outlook (Revenue, USD Million, 2017 - 2030)

Hardware

Automation & control systems

Sensing devices

HVAC system

LED grow light

RFID tags & readers

Software

Web-based

Cloud-based

Types

System integration & consulting

Maintenance & support

Managed types

Assisted professional types

Smart Agriculture Application Outlook (Revenue, USD Million; 2017 - 2030)

Precision farming application

Yield monitoring

Field mapping

Crop scouting

Weather tracking & forecasting

Irrigation management

Inventory management

Farm labor management

Livestock monitoring application

Milk harvesting

Breeding management

Feeding management

Animal comfort management

Others

Smart greenhouse application

Water & fertilizer management

HVAC management

Yield monitoring

Others

Others

Smart Agriculture Regional Outlook (Revenue, USD Billion, 2017 - 2030)

North America

Europe

Asia Pacific

South America

Middle East and Africa (MEA)

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

[marketstudyreport]

Smart Agriculture Industry – Analysis, Industry Size And Forecast, 2030

The global smart agriculture market size is expected to reach USD 54.71 billion by 2030, registering a CAGR of 13.7% during the forecast period, according to a new report by Grand View Research, Inc. The major factors driving the growth of the agtech industry are the increasing use of Artificial Intelligence (AI) and Internet of Things (IoT) and the integration of image processing technologies into agriculture. Agriculture has grown significantly in recent years owing to precision agriculture practices. The development plan of several nations, such as India, China, and Brazil, emphasizes digital transformation and digitization across various sectors, including agriculture.

The smart agriculture business is predicted to be driven by factors such as constant population increase, favourable government incentives, a scarcity of cultivable land, and a desire for high and fresh-quality food. According to World Health Organization (WHO) and Population Council, an estimated 80% of the world's population lives in urban cities. However, the current land constraint in metropolitan areas has compelled producers to find a new way to produce fresh vegetables. The adoption of smart agriculture techniques will allow producers to grow crops indoors, in a multi-story building, stacked on racks, and in warehouse.

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

Smart farming can be utilized to produce organic crops on a vast scale. Vertical farming can be used in the large-scale production of organic crops. Controlled growing technologies such as hydroponics and aeroponics eliminate the use of chemical pesticides. Crops are produced in carefully chosen and well-monitored circumstances to guarantee optimal growth all year. As compared to open-field agriculture and other farming practices, vertical farm systems provide more crop rotation. Controlled humidity, temperature, and daylight will eventually result in a faster crop cycle. It takes 21 days for the system to produce fresh vegetables and greens. The growth rate is controlled with the help of a computer database that manages optimum growing conditions for various varieties such as baby spinach, lettuces, baby rocket, tatsoi, and basil.

Technological improvements in numerous industries have also positively impacted agriculture, as landowners and farmers are always striving to get the most out of their resources and land. Furthermore, due to labor difficulties such as a shortage of qualified farmers, a rising number of aged farmers, and a growing trend of large-scale farms, agriculture automation is gaining pace. Innovations in GPS mapping and associated farm applications, as well as advancements in precision agriculture, are also assisting farmers in operating more effectively and increasing their profit margins.

Smart Agriculture Market Report Highlights

Precision farming agriculture type held the significant market share in 2023 as it allows measured application of agriculture inputs such as fertilizers and pesticides, thereby boosting the crop yield

The software segment is expected to register the highest growth rate over the forecast period. Cloud-based software is expected to be in high demand in the coming years

Smart greenhouse application is expected to be the fastest-growing segment during the forecast period of 2024 to 2030. HVAC management applications held the largest share in terms of revenue in 2023

The increasing adoption of modern technologies in agriculture, along with the reduced price of connected devices, is likely to influence the demand for smart agriculture solutions in the Asia Pacific regional market.

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

Satellite Propulsion System Market: The global satellite propulsion system market size was estimated at USD 11.05 billion in 2024 and is projected to grow at a CAGR of 13.6% from 2025 to 2030.

AI In Cybersecurity Market: The global AI in cybersecurity market size was estimated at USD 25.35 billion in 2024 and is expected to witness a CAGR of 24.4% from 2025 to 2030.

Smart Agriculture Market Segmentation

Grand View Research has segmented the Smart Agriculture market based on offering, application, and regions

Smart Agriculture Type Outlook (Revenue, USD Million, 2017 - 2030)

Precision farming

Livestock monitoring

Smart greenhouse

Others

Smart Agriculture Offering Outlook (Revenue, USD Million, 2017 - 2030)

Hardware

Automation & control systems

Sensing devices

HVAC system

LED grow light

RFID tags & readers

Software

Web-based

Cloud-based

Types

System integration & consulting

Maintenance & support

Managed types

Assisted professional types

Smart Agriculture Application Outlook (Revenue, USD Million; 2017 - 2030)

Precision farming application

Yield monitoring

Field mapping

Crop scouting

Weather tracking & forecasting

Irrigation management

Inventory management

Farm labor management

Livestock monitoring application

Milk harvesting

Breeding management

Feeding management

Animal comfort management

Others

Smart greenhouse application

Water & fertilizer management

HVAC management

Yield monitoring

Others

Others

Smart Agriculture Regional Outlook (Revenue, USD Billion, 2017 - 2030)

North America

Europe

Asia Pacific

South America

Middle East and Africa (MEA)

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