During the projected period of 2022–2030, the worldwide indoor farming technology market is anticipated to grow at a compound annual growth rate (CAGR) of 5.0%.
Growing different crops, including fruits and vegetables, leafy vegetables, herbs, microgreens, flowers, and ornamentals indoors using a variety of methods is known as indoor farming technology (IFT). The food produced using this method is very nutritious since it provides organic food that is free of pesticide contamination and controls nutrients that fertilize the plants.

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GROWTH DRIVERS:
The rise in consumer demand for fresh, pesticide- and herbicide-free foods with high nutritional value, rising consumer awareness of the benefits of indoor farming technology systems, mounting pressure on the agriculture sector to meet the soaring food demand, and rising concerns about food security are the main factors propelling the growth of the global indoor farming technology market.
Adopting indoor farming has a number of benefits, including producing a larger yield than traditional farming techniques while consuming 95% less water and less space. Due to the growing global population, rising food consumption, and dwindling supplies of arable land and water, there is an urgent need to produce more goods with fewer resources. This is leading to greater use of indoor farming technology across geographies, which is boosting the market's overall growth.
The increasing adoption of growth strategies like partnerships, collaborations, and mergers & acquisitions by top players in the market to expand their product portfolio and their geographic reach is also anticipated to further provide ample growth opportunities for the development of the global indoor farming technology. These factors include the escalating technological advancements in indoor farming, the rising production of biopharmaceutical products, and the increasing adoption of these strategies by leading players in the market.

INDOOR FARMING TECHNOLOGY MARKET SEGMENTATION:
By Growing System:
• Hydroponics
• Aeroponics
• Aquaponics
• Soil-based
• Hybrid

By Facility Type:
• Glass or Poly Greenhouse
• Indoor Vertical Farm
• Container Farm
• Indoor DWC System

By Component:
• Hardware
• Software & Services
• Integrated Systems

By Crop Type:
• Fruits & Vegetables
• Herbs & Microgreens
• Flowers & Ornamentals
• Others

By Region:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

KEY COMPANIES IN INDOOR FARMING TECHNOLOGY MARKET:
• Hydrodynamics International
• American Hydroponics
• Richel Group
• Vertical Farm Systems
• General Hydroponics
• Signify Holding
• Everlight Electronics
• Argus Control Systems
• LumiGrow
• Netafim
• Logiqs
• Illumitex
• Agrilution
• Heliospectra AB
• Scotts Miracle Gro
• Hydroponics System International
• Advanced Nutrients
• Emerald Harvest
• VitaLink
• Other Players

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