Precision Business Insights has published a report on the global plant factory market, estimating its value at USD 154.37 billion in 2024 and is expected to expand at a compound annual growth rate (CAGR) of 7.8% over the forecast period 2025-2031. The report explores the market growth and potential opportunities in the market industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.
View the detailed report description here - https://www.precisionbusinessinsights.com/market-reports/plant-factory-market
The plant factory market refers to the industry focused on advanced agricultural systems designed to grow crops in controlled environments. These systems use technologies like artificial lighting, temperature control, and optimized moisture levels to ensure year-round production, higher yields, and resource efficiency. Plant factories are often categorized into facility types such as greenhouses, indoor farms, and vertical farms.
Drivers:
1) Growing Global Population: The increasing demand for food due to population growth has led to the adoption of plant factories as a sustainable solution for year-round crop production.
2) Technological Advancements: Innovations in LED lighting, automation, and climate control systems have made plant factories more efficient and cost-effective.
The global plant factory market segmentation:
1) By Facility Type: Greenhouses, Indoor farms, Other Facility Types
2) By Light Type: Sunlight, Full Artificial Light
3) By Technology: Non-soil-based, Soil-based, Hybrid
4) By Crop Type: Fruits, Vegetables, Flower & Ornamental and Other Crop Types
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Regional Overview:
The report also examines the current concerns and their Future Effects on the plant factory market by the region. The report covers all regions and countries, North America was the largest and Asia was the fastest-growing region in the plant factory market. The market has been segmented into numerous primary regions and a detailed evaluation of primary countries.
North America (U.S., Canada)
Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
Latin America (Mexico, Brazil, Argentina, Columbia, Rest of Latin America)
Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)
The competitive landscape is dominated by major players like aerofarms, agricool, appharvest, badia farms, bowery farming inc., brightfarms, crop one, dream harvest farming company llc, farminova plant factory n.v., farmone, gotham greens, iron ox, kalera, mirai co. ltd.
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