The Plant Factory Market Study forecasts the market size across 6 regions and 24 countries for diverse segments including By Growing System (Soil-based, Non-soil based, Hybrid), By Facility (Greenhouses, Indoor farms, Others), By Light (Sunlight, Full artificial light), By Crop (Vegetables, Fruits, Flowers & ornamentals, Others).
A prominent trend in the Plant Factory market is the increasing integration of smart technologies to enhance efficiency and productivity. Plant factories are incorporating automation, IoT devices, and data analytics to monitor and control various parameters such as light, temperature, and nutrient levels. This trend not only improves resource utilization but also allows real-time monitoring and management, fostering sustainable and precision agriculture practices within controlled environments.
The primary driver propelling the Plant Factory market is the escalating demand for year-round fresh produce. As consumers seek locally sourced, high-quality vegetables and fruits irrespective of seasonal variations, plant factories offer a solution by providing a controlled environment for continuous and predictable crop production. This demand is further fueled by the desire for food security, reduced supply chain vulnerabilities, and the ability to meet the preferences of consumers for diverse, fresh produce throughout the year.
An opportunity within the Plant Factory market lies in the customization of facilities to cater to urban agriculture needs. Tailoring plant factories for urban environments allows for efficient use of space and addresses the increasing interest in locally produced food in urban areas. Customized plant factories can be designed to fit within limited spaces, promoting vertical farming and enabling urban dwellers to access fresh, locally grown produce. This represents an avenue for market growth by aligning with the rising trend of urban farming and sustainable agriculture practices.
By Growing System
By Facility
By Light
By Crop
*lIST NOT EXHUASTIVE
• North America (US, Canada, Mexico)
• Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
• Asia Pacific (China, India, Japan, South Korea, South East Asia, Rest of Asia Pacific)
• South America (Brazil, Argentina, Rest of South America)
• Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, Egypt, South Africa, Nigeria, Rest of Africa)
• Deepen your industry insights and navigate uncertainties for strategy formulation, CAPEX, and Operational decisions
• Gain access to detailed insights on the Plant Factory Market, encompassing current market size, growth trends, and forecasts till 2030.
• Access detailed competitor analysis, enabling competitive advantage through a thorough understanding of market players, strategies, and potential differentiation opportunities
• Stay ahead of the curve with insights on technological advancements, innovations, and upcoming trends
• Identify lucrative investment avenues and expansion opportunities within the Plant Factory Market industry, guided by robust, data-backed analysis.
• Understand regional and global markets through country-wise analysis, regional market potential, regulatory nuances, and dynamics
• Execute strategies with confidence and speed through information, analytics, and insights on the industry value chain
• Corporate leaders, strategists, financial experts, shareholders, asset managers, and governmental representatives can make long-term planning scenarios and build an integrated and timely understanding of market dynamics
• Benefit from tailored solutions and expert consultation based on report insights, providing personalized strategies aligned with specific business needs.
TABLE OF CONTENTS
1 INTRODUCTION TO 2024 Plant Factory Markets
1.1 Market Overview
1.2 Quick Facts
1.3 Scope/Objective of the Study
1.4 Market Definition
1.5 Countries and Regions Included
1.6 Units, Currency, and Conversions
1.7 Industry Value Chain
2 RESEARCH METHODOLOGY
2.1 Market Size Estimation
2.2 Sources and Research Methodology
2.3 Data Triangulation
2.4 Assumptions and Limitations
3 EXECUTIVE SUMMARY
3.1 Global Plant Factory Market Size Outlook, $ Million, 2021 to 2030
3.2 Plant Factory Market Outlook by Type, $ Million, 2021 to 2030
3.3 Plant Factory Market Outlook by Product, $ Million, 2021 to 2030
3.4 Plant Factory Market Outlook by Application, $ Million, 2021 to 2030
3.5 Plant Factory Market Outlook by Key Countries, $ Million, 2021 to 2030
4 MARKET DYNAMICS
4.1 Key Driving Forces of Plant Factory Market Industry
4.2 Key Market Trends in Plant Factory Market Industry
4.3 Potential Opportunities in Plant Factory Market Industry
4.4 Key Challenges in Plant Factory Market Industry
5 MARKET FACTOR ANALYSIS
5.1 Competitive Landscape
5.1.1 Global Plant Factory Market Share by Company
5.1.2 Product Offerings by Company
5.2 Porter’s Five Forces Analysis
6 GROWTH OUTLOOK ACROSS SCENARIOS
6.1 Growth Analysis-Case Scenario Definitions
6.2 Low Growth Scenario Forecasts
6.3 Reference Growth Scenario Forecasts
6.4 High Growth Scenario Forecasts
7 GLOBAL Plant Factory Market OUTLOOK BY SEGMENTS
7.1 Plant Factory Market Outlook by Segments
By Growing System
Soil-based
Non-soil based
Hybrid
By Facility
Greenhouses
Indoor farms
Others
By Light
Sunlight
Full artificial light
By Crop
Vegetables
Fruits
Flowers and ornamentals
Others
8 NORTH AMERICA Plant Factory Market ANALYSIS AND OUTLOOK TO 2030
8.1 Introduction to North America Plant Factory Markets in 2024
8.2 North America Plant Factory Market Size Outlook by Country, 2021-2030
8.2.1 United States
8.2.2 Canada
8.2.3 Mexico
8.3 North America Plant Factory Market size Outlook by Segments, 2021-2030
By Growing System
Soil-based
Non-soil based
Hybrid
By Facility
Greenhouses
Indoor farms
Others
By Light
Sunlight
Full artificial light
By Crop
Vegetables
Fruits
Flowers and ornamentals
Others
9 EUROPE Plant Factory Market ANALYSIS AND OUTLOOK TO 2030
9.1 Introduction to Europe Plant Factory Markets in 2024
9.2 Europe Plant Factory Market Size Outlook by Country, 2021-2030
9.2.1 Germany
9.2.2 France
9.2.3 Spain
9.2.4 United Kingdom
9.2.4 Italy
9.2.5 Russia
9.2.6 Norway
9.2.7 Rest of Europe
9.3 Europe Plant Factory Market size Outlook by Segments, 2021-2030
By Growing System
Soil-based
Non-soil based
Hybrid
By Facility
Greenhouses
Indoor farms
Others
By Light
Sunlight
Full artificial light
By Crop
Vegetables
Fruits
Flowers and ornamentals
Others
10 ASIA PACIFIC Plant Factory Market ANALYSIS AND OUTLOOK TO 2030
10.1 Introduction to Asia Pacific Plant Factory Markets in 2024
10.2 Asia Pacific Plant Factory Market Size Outlook by Country, 2021-2030
10.2.1 China
10.2.2 India
10.2.3 Japan
10.2.4 South Korea
10.2.5 Indonesia
10.2.6 Malaysia
10.2.7 Australia
10.2.8 Rest of Asia Pacific
10.3 Asia Pacific Plant Factory Market size Outlook by Segments, 2021-2030
By Growing System
Soil-based
Non-soil based
Hybrid
By Facility
Greenhouses
Indoor farms
Others
By Light
Sunlight
Full artificial light
By Crop
Vegetables
Fruits
Flowers and ornamentals
Others
11 SOUTH AMERICA Plant Factory Market ANALYSIS AND OUTLOOK TO 2030
11.1 Introduction to South America Plant Factory Markets in 2024
11.2 South America Plant Factory Market Size Outlook by Country, 2021-2030
11.2.1 Brazil
11.2.2 Argentina
11.2.3 Rest of South America
11.3 South America Plant Factory Market size Outlook by Segments, 2021-2030
By Growing System
Soil-based
Non-soil based
Hybrid
By Facility
Greenhouses
Indoor farms
Others
By Light
Sunlight
Full artificial light
By Crop
Vegetables
Fruits
Flowers and ornamentals
Others
12 MIDDLE EAST AND AFRICA Plant Factory Market ANALYSIS AND OUTLOOK TO 2030
12.1 Introduction to Middle East and Africa Plant Factory Markets in 2024
12.2 Middle East and Africa Plant Factory Market Size Outlook by Country, 2021-2030
12.2.1 Saudi Arabia
12.2.2 UAE
12.2.3 Oman
12.2.4 Rest of Middle East
12.2.5 Egypt
12.2.6 Nigeria
12.2.7 South Africa
12.2.8 Rest of Africa
12.3 Middle East and Africa Plant Factory Market size Outlook by Segments, 2021-2030
By Growing System
Soil-based
Non-soil based
Hybrid
By Facility
Greenhouses
Indoor farms
Others
By Light
Sunlight
Full artificial light
By Crop
Vegetables
Fruits
Flowers and ornamentals
Others
13 COMPANY PROFILES
13.1 Company Snapshot
13.2 SWOT Profiles
13.3 Products and Services
13.4 Recent Developments
13.5 Financial Profile
List of Companies
AeroFarms
Gotham Greens
BOWERY FARMING INC.
Oishii
Plenty Unlimited Inc.
Mirai
Agricool
Appharvest
Cropone
Brightfarms
14 APPENDIX
14.1 Customization Offerings
14.2 Subscription Services
14.3 Related Reports
14.4 Publisher Expertise
By Growing System
By Facility
By Light
By Crop
The global Plant Factory Market is one of the lucrative growth markets, poised to register a 8.1% growth (CAGR) between 2024 and 2032.
Emerging Markets across Asia Pacific, Europe, and Americas present robust growth prospects.
AeroFarms, Gotham Greens, BOWERY FARMING INC., Oishii , Plenty Unlimited Inc., Mirai, Agricool, Appharvest, Cropone, Brightfarms
Base Year- 2023; Estimated Year- 2024; Historic Period- 2018-2023; Forecast period- 2024 to 2030; Currency: USD; Volume