The global indoor farming market reached a value of US$ 19.6 Billion in 2023. As per the analysis by IMARC Group, the top companies in the global indoor farming market are focusing on various technological advancements, such as the increasing utilization of the Internet of Things (IoT), to develop advanced monitoring systems that track the physical conditions of the crops and offer remote functions for operating water systems and light-emitting diode (LED) lights. Moreover, the rising preference among farmers to open indoor facilities closer to these urban areas, creating a local, stable, and sustainable year-round food supply, is creating a positive outlook for the market. In line with this, the increasing instances of droughts, floods, and other natural disasters across the globe have raised concerns over food security, which, in turn, is facilitating the demand for indoor farming. Apart from this, the increasing adoption of hydroponics and aeroponics techniques that use nutrient-rich water to feed the plants and help save water and allow for faster growth and higher yields is providing an impetus to the market growth. Various technological advancements in farming sensors, monitoring, and regulating devices for each aspect of cultivation have further propelled the market growth. Apart from this, the integration of robotics and artificial intelligence (AI) to track the development of plants and automate tasks involved in indoor farming, such as seeding, harvesting, and packaging, is positively influencing the market growth. Other factors, including the incཧreasing demand for sustainable farming, the development of high-tech, fully controlled, and semi-automated greenhouse facilities, and escalating requirements for stabilized crop production, are anticipated to drive the market growth. Looking forward, IMARC Group expects the market value to reach US$ 43.9 Billion by 2032, growing at a CAGR of 9.1% during the forecast period (2024-2032).
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The global indoor farming market has several major players including AeroFarms, Agricool, Agrilution Systems GmbH, AutoGrow Systems Ltd., Bowery Farming, Bright Farms Inc. (Cox Enterprises, Inc.)., Freight Farms, FreshBox Farms, Garden Fresh Farms, Green Sense Farms Holdings, Inc., Logiqs B.V., Plenty Unlimited, Inc., SananBio, Sky Greens, SPREAD Co., Ltd., Urban Crop Solutions, and Voeks Inc. More information about these companies has been provided below.
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Establishment: |
2004 |
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Headquarters: |
Newark, New Jersey, U.S |
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Website: |
//www.aerofarms.com/ |
AeroFarms is a leading agricultural technology company that specializes in indoor vertical farming. It focuses on revolutionizing agriculture by developing sustainable, efficient, and scalable farming solutions. AeroFarms is commi🍎tted to producing high-quality, flavorful, and nutritious crops. The company grows a wide range of leafy greens, including lettuce,꧅ kale, arugula, and microgreens, which are known for their freshness, taste, and nutritional value.
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Establishment: |
2015 |
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Headquarters: |
Montrouge, France |
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Website: |
//www.agricool.co/ |
Agricool is a French-based agricultural technology start-up that specializes in urban farming. It grows local, tasty, and pesticide-free fruits and vegetables by recycling shipping containers into urban farms. Agricool has launched a 高清体育直播:shipping container converted into a vertical farm that uses hydropoꦿnic technology to grow a variety of crops. The product is designed to be placed in urban environments, making use of unused urban spaces such as parking lots, rooftops, and abandoned buildings.
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Establishment: |
2013 |
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Headquarters: |
Munich, Bayern, Germany |
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Website: |
//www.agrilution.com/ |
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Establishment: |
1994 |
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Headquarters: |
Auckland, New Zealand |
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Website: |
//autogrow.com/ |
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Establishment: |
2015 |
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Headquarters: |
New York, New York, United States |
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Website: |
//boweryfarming.com/ |
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Establishment: |
2011 |
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Headquarters: |
Irvington, New York |
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Website: |
//www.brightfarms.com |
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Establishment: |
2011 |
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Headquarters: |
Boston, Massachusetts, United States |
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Website: |
//www.freightfarms.com/ |
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Establishment: |
2013 |
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Headquarters: |
Millis, Massachusetts, United States |
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Website: |
//www.freshboxfarms.com/ |
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Establishment: |
2010 |
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Headquarters: |
Minnesota, United States |
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Website: |
//www.gardenfreshfarms.org/ |
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Establishment: |
2011 |
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Headquarters: |
Portage, Indiana, United States |
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Website: |
//www.greensensefarms.com/ |
Green Sense Farms Holdings, Inc. is a leading indoor vertical farming company renowned for its innovative approach to sustainable farming, utiliꦜzing cutting-edge technology to grow fresh, nutrient-rich produce year-round in a controllꦉed environment. The company strongly emphasizes sustainability and environmental stewardship in its farming practices. Green Sense Farms Holdings, Inc. offers controlled environmental agriculture solutions by designing and building vertical farms, greenhouses, and integrated facilities.
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Establishment: |
1975 |
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Headquarters: |
South Holland, Netherlands |
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Website: |
//www.logiqs.nl/en/vertical-farming/ |
Logiqs B.V. is a leading global provider of innovative horticultural automation solutions specializing in designing, manufacturing, and installing advanced automation systems for greenhouses, nurseries, and vertical farms. In addition, the company is a developer and installer of logistics systems for worldwide horticulture and logist⛦ics. Logiqs B.V. 🔯aims to revolutionize the horticulture industry by providing cutting-edge solutions that optimize plant growth, reduce labor costs, and minimize environmental impact.
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Establishment: |
2014 |
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Headquarters: |
South San Francisco, California, United States |
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Website: |
//www.plenty.ag/ |
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Establishment: |
2015 |
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Headquarters: |
Albuquerque, New Mexico, United States |
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Website: |
//www.sananbio.com/ |
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Establishment: |
2011 |
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Headquarters: |
Singapore |
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Website: |
//www.skygreens.com/ |
Sky Greens is a pioneering company in the field of sustainable urban farming, Sky Greens is a pioneering company in the vertical cultivation market, producing hi⭕gh-quality nutritious urban produce. It focuses on producing high-quality and nutritious produce and uses non-GMO seeds and follows strict food safety standards to ensure that the products are safe, healthy, and of the highest quality. Moreover, Sky Greens is an innovator and builder of the low-carbon hydraulic water-driven vertical farmin💜g system.
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Establishment: |
2006 |
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Headquarters: |
Japan |
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Website: |
//spread.co.jp/en/ |
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Establishment: |
2014 |
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Headquarters: |
Belgium |
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Website: |
//urbancropsolutions.com/ |
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Establishment: |
2007 |
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Headquarters: |
California, United States |
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Website: |
//www.voeksinc.com/ |
About Author:
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Shree Basu
Senior Content Writer at IMARC Services Private Limited Shree Basu is an experienced content writer with a passion for researching about diverse markets, ranging from technology to chemistry to agriculture. She has around two years of experience in different aspects of market research and has worked with multiple startups and enterprises in the B2B, B2C, and retail industries. In her free time, Shree enjoys reading, feeding stray animals, and watching crime documentaries. |