Plant Factory Market - Trends Forecast (2022-2028)

Plant Factory Market by Growing System (Soil-based, non-soil-based, and Hybrid), Facility Type (Greenhouses, Indoor Farms, Other Facility Types), Light Type, Crop Type (Vegetables, Fruits, Flowers & Ornamentals) and region (North America, Europe, Asia-Pacific, Middle East and Africa and South America)

Published Date: February, 2022

Base Year Estimate: 2021

Report ID: D-FB-PFM-1219

Format:  

Number of Pages: 318

Domain: Food & Beverages

Plant Factory Market – Trends Forecast (2022-2028)

The global Plant Factory Market size is projected to reach a CAGR of 8.9% from 2022-2028.

Plant factories have evolved considerably and are equipped with technologies for climate control, supplemental lighting, irrigation control, and material handling, among others. These control systems regulate internal conditions such as temperature, humidity levels, light intensity, and communication technologies for remotely monitoring the plant factory parameters.

An efficient alternative to the rising concerns on food security and shrinking arable land since it provides growers the ability to cultivate crops even in the absence of soil are some of the factors that have supported long-term expansion for Plant Factory Market.

Plant Factory Market Research Report

Europe is projected to account for the largest market during the forecast period. The European plant factory market has been experiencing tremendous growth. Its urban population is growing at a constant rate and is expected to constitute around 80% of the total population of Europe.

Plant Factory Market is segmented into facility type, light type, growing system, crop type and region.

On the basis of Facility Type

  • Greenhouses
  • Indoor farms
  • Other facility types (container farms and water culture farms)            

On the basis of Light Type

  • Sunlight
  • Full artificial light

On the basis of Growing System

  • Non-soil-based
  • Soil-based
  • Hybrid

On the basis of Crop Type

  • Fruits
  • Vegetables
  • Flower & ornamental
  • Other crop types (plantation and forage crops)

On the basis of Region

  • Asia Pacific
  • North America
  • Europe
  • South America
  • Middle East & Africa

Insights are provided for each region and major countries within the regions

Plant Factory Market Primary Respondent

 

Key Players

  • Bowery Farming
  • AppHarvest
  • Plenty Unlimited Inc.
  • Mirai Co. Ltd.
  • Kalera
  • Farminova

Recent Developments

  • In June 2021, AppHarvest completed the deal with Rabu Agri Finance to expand the high-tech indoor farm network. The company secured a USD 75 million credit facility via flagship Morehead farm mortgage following announcement; it announced hopes to have five farms operating by the end of 2022.
  • In October 2020, Plenty Unlimited Inc. announced a joint development agreement with Driscoll’s (US), using its indoor vertical farming to grow Driscoll’s proprietary flavorful strawberries year-round

Reasons to Acquire

  • Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
  • Gain authentic and granular data access for Plant Factory Market so as to understand the trends and the factors involved behind changing market situations
  • Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
  • In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope

 

Report Feature

Descriptions

Growth Rate

CAGR of 8.9% during the forecasting period, 2022-2028

Historical Data

2019-2020

Forecast Years

2022-2028

Base Year

2021

Units Considered

Revenue in USD million and CAGR from 2022 to 2028

Report Segmentation

facility type, light type, growing system, crop type and region.

Report Attribute

Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling

Regional Level Scope

North America, Europe, Asia-Pacific, South America, and Middle East and Africa

Country Level Scope

U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe)

Companies Profiled

Bowery Farming, AppHarvest, Plenty Unlimited Inc., Mirai Co. Ltd., Kalera and Farminova (Turkey)

Available Customization

In addition to the market data for Plant Factory Market, Delvens offers client-centric report and customized according to the company’s specific demand and requirement.

Please complete the form below:

This website is secure and your personal details are safe. Privacy Policy

Please complete the form below:

This website is secure and your personal details are safe. Privacy Policy

Please complete the form below:

This website is secure and your personal details are safe. Privacy Policy

Choose License Type
Global: 50+ Countries

Note: Report data and information will be by Country.


Regional Report

Note: Report data and information will be by Country.


Country Specific Report

Bundle Reports

50% Discount on all additional reports  

Special Pricing

Avail customised purchase options to meet your specific research requirements.

Custom Tailored Services

Delvens. offers transformed research reports where syndicated reports are not sufficient to provide solutions to your business.

Subscription Model

Get latest and trending updates throughout the year on the reports you buy.