Lucintel Forecasts The Global Plant Factory Market To Reach $321 Million By 2035

By Author: Lucintel LLC
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According to a market report by Lucintel, the future of the global plant factory market looks promising with opportunities in the greenhouse and indoor farm markets. The global plant factory market is expected to reach an estimated $321 million by 2035 from $170 million in 2027 with a CAGR of 7.5% from 2027 to 2035. The major drivers for this market are the increasing demand for fresh vegetables in urban areas, the rising adoption of smart farming technologies in agriculture, and the growing need for sustainable food production systems.
A more than 150-page report to understand trends, opportunity and forecast in global plant factory market to 2035 by crop type (vegetables, fruits, flowers & ornamentals, and others), light type (sunlight and full artificial light), facility type (greenhouses, indoor farms, and others), growing system (soil based, non-soil based, and hybrid), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that, within the crop type category, vegetable will remain a larger segment over the forecast period due to high demand for fresh and healthy ...
... vegetable produce.
Within the facility type category, indoor farm will remain a larger segment over the forecast period, due to increasing adoption of controlled farming.
Download sample by clicking on plant factory market.
In terms of regions, Europe is expected to witness the highest growth over the forecast period due to growing sustainable agriculture practices and technology investments.
AeroFarms, Gotham Greens, BOWERY FARMING INC., Oishii, Plenty Unlimited Inc are the major suppliers in the plant factory market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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