The significant reduction in pesticide and herbicide use facilitated by indoor farming technology underscores its pivotal role in promoting sustainable agriculture. The controlled environments within indoor farms create a natural barrier against pests and diseases, minimizing the reliance on chemical interventions. By mitigating the runoff of agricultural chemicals into ecosystems, indoor farming contributes to preserving biodiversity and water quality. The embrace of these technologies enhances food safety and aligns with global efforts towards more ecologically responsible farming practices, ensuring a harmonious coexistence between agricultural production and environmental conservation.
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Data Bridge Market Research analyses the North America Indoor Farming Technology Market was valued at USD 1.92 billion in 2021 and is expected to reach USD 6.21 billion by 2029, registering a CAGR of 15.80% during the forecast period of 2022-2029. The emphasis on resource efficiency in indoor farming technology is a key driver for the market. With a focus on optimizing water, energy, and space usage, these technologies offer a sustainable solution to address global challenges such as water scarcity and climate change, making indoor farming an environmentally conscious and resilient approach to food production.
Key Findings of the Study
Increasing impact of climate change is expected to drive the market's growth rate
The impact of climate change, characterized by erratic weather patterns and unpredictable events, poses significant threats to traditional agriculture. The indoor farming technology market is driven by the need to mitigate these risks. By providing a controlled environment, indoor farming minimizes the vulnerabilities associated with adverse weather conditions and extreme climate events. This ensures a stable and predictable cultivation environment, allowing for consistent crop production despite external climate challenges. As climate change becomes more pronounced, the demand for indoor farming technologies rises, positioning them as a crucial solution for maintaining reliable food production in the face of environmental uncertainties.
Report Scope and Market Segmentation
Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014-2019)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Growing System (Aeroponics, Hydroponics, Aquaponics, Soil-Based, Hybrid), Facility Type (Glass or Poly Greenhouses, Indoor Vertical Farms, Container Farms, Indoor Deep Water Culture (DWC) Systems), Component (Hardware, Software and Services), Farm Size (Large Farms, Small Farms), Crop Type (Fruits and Vegetables, Herbs and Microgreens, Flowers and Ornamentals, Others)
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Countries Covered
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U.S., Canada and Mexico in North America
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Market Players Covered
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Sananbio (U.S.), Hawthorne Gardening Co. (U.S.), Freight Farms, Inc. (U.S.), OSRAM SYLVANIA Inc. (U.S.), SUNCORE TILES (Canada), Priva (Netherlands), Surna. (U.S.), ZipGrow. (Canada), LOGIQS B.V. (Netherlands), GE CURRENT (U.S.), Signify Holding. (Netherlands), Argus Control Systems Limited (Canada), LumiGrow. (U.S.), Certhon (Netherlands), iFarm (Finland), Braingrid Corporation. (Canada), Eden Green Technology. (U.S.), NETAFIM (Israel), Urban Crop Solutions (Belgium) among many others.
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Data Points Covered in the Report
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In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
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Segment Analysis:
The North America indoor farming technology market is segmented on the basis of growing system, facility type, component, farm size, and crop type.
- On the basis of growing system, the North America indoor farming technology market is segmented into aeroponics, hydroponics, aquaponics, soil-based, and hybrid
- On the basis of facility type, the North America indoor farming technology market is segmented into glass or poly greenhouses, indoor vertical farms, container farms, and indoor deep water culture (DWC) systems
- On the basis of component, the North America indoor farming technology market is segmented into hardware, software, and services
- On the basis of farm size, the North America indoor farming technology market is segmented into large farms, and small farms
- On the basis of crop type, the North America indoor farming technology market is segmented into fruits and vegetables, herbs and microgreens, flowers and ornamentals, and others
Major Players
Data Bridge Market Research recognizes the following companies as the major North America indoor farming technology market players in North America indoor farming technology market are Sananbio (U.S.), Hawthorne Gardening Co. (U.S.), Freight Farms, Inc. (U.S.), OSRAM SYLVANIA Inc. (U.S.), SUNCORE TILES (Canada), Priva (Netherlands), Surna. (U.S.), ZipGrow. (Canada)
Market Developments
- In February 2022, Aero Farms made a significant stride in agricultural innovation by announcing a tomato research collaboration with FFAR (Foundation for Food and Agriculture Research) and the University of Florida. This collaborative effort aims to revolutionize vertical farming, offering a promising avenue for cultivating high-yielding crops, particularly flavored tomatoes, in controlled environmental conditions. The initiative signifies a concerted effort to leverage advanced technology and research to enhance the sustainability and productivity of vertical farms
- In January 2022, Plenty and Walmart announced a strategic, long-term investment plan to deliver fresh, peak-flavor produce to consumers year-round. This joint endeavor underscores a commitment to meeting the growing demand for high-quality, locally sourced fruits and vegetables. By combining the agricultural expertise of Plenty with the vast retail reach of Walmart, the partnership aspires to redefine the accessibility and availability of premium produce, transcending traditional seasonal limitations
- In April 2021, Aero Farms again made headlines by launching the world's largest and most technologically advanced aeroponic indoor vertical farm in Virginia. This pioneering facility represents a quantum leap in sustainable farming practices, utilizing state-of-the-art aeroponic techniques to optimize crop yields in a controlled indoor environment. The Virginia-based vertical farm not only signifies a remarkable feat in agricultural engineering but also underscores the ongoing commitment to revolutionizing food production for a more sustainable future
- In August 2019, LumiGrow Inc. marked a milestone in horticultural lighting with the launch of the TopLight Hybrid smart fixture. This cutting-edge lighting solution empowers users to harness an expanded white spectrum, offering wireless control through LumiGrow's SmartPAR software. The innovation enhances the precision and efficiency of light regulation for crops and exemplifies the relentless pursuit of technological advancements to optimize agricultural practices
- In April 2019, Hydroponics System International Corporation launched a novel raised system designed to cater to facilities requiring elevated gutters. This innovation addressed a critical need in the agricultural infrastructure by supporting facilities that necessitated gutters positioned above ground level. The introduction of the raised system exemplifies a commitment to addressing specific challenges within the hydroponics industry, showcasing the continuous evolution and adaptation of technologies to meet the diverse needs of modern agriculture
Regional Analysis
Geographically, the countries covered in the North America indoor farming technology market report are U.S., Canada, and Mexico in North America.
As per Data Bridge Market Research analysis:
U.S. is the dominant country in North America indoor farming technology market during the forecast period 2022-2029
The U.S. dominates the North America indoor farming technology market, wielding its influence through robust manufacturing capabilities and a comprehensive service infrastructure. As this sector's largest producer and service provider, the U.S. caters to domestic demands and exports cutting-edge indoor farming technology globally. The nation's unwavering commitment to research and development is a key driver of this dominance, fostering continuous innovation and technological advancements. The collaborative efforts between government agencies, research institutions, and private enterprises further solidify the U.S.'s position, ensuring that the scope of growth for indoor farming in North America is continually expanding.
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