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Plant Factory Market Size & Share, by Facility (Greenhouses, Indoor farms); Light Type (Sunlight, Full Artificial Light); Crop Type (Leafy Greens, Fruits and Vegetables); Technology (Hydroponics, Aeroponics, Aquaponics, LED Lightning, Soil-Based Systems, Hybrid Systems) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2025-2037

  • Report ID: 6287
  • Published Date: Feb 18, 2025
  • Report Format: PDF, PPT

Global Plant Factory Market 

  1. An Outline of the Global Plant Factory Market 
    1. Study Objective
    2. Market Definition
    3. Market Segmentation 
  2.  Assumptions and Abbreviations
  3. Research Methodology & Approach
    1. Research Process 
    2. Primary Research 
      1. Manufacturers
      2. Suppliers/Distributors 
      3. End Users 
    3. Secondary Research 
    4. Market Size Estimation 
  4. Summary of the Report for Key Decision Makers
  5. Market Drivers
  6. Market Restraints
  7. Major Opportunities
  8. Major Trends
  9. Government Regulation: How they would aid business?
  10. Technology Analysis
  11. Industry Risk Analysis
  12. Industry Pricing Benchmarking
  13. SWOT Analysis
  14. Comparative Positioning of the Current Technologies
  15. Industry Growth Outlook
  16. Industry Supply Chain Analysis
  17. Startups in the Industry
  18. Regional Demand Analysis
  19. Recent News on Plant Factory Market
  20. Latest Projects Initiated by Key Players and Government Organizations      
  21. Farming Research Facility Expansion
  22. Research Agreement for Different Plants/Crops
  23. Mergers and Acquisition (M&A) Analysis
  24. Plant Factory Stages/Ecosystem
  25. Components Used in Plant Factory Facility
  26. Components Manufacturer
  27. Technology Innovation
  28. Investment or Funding Received by Key Players
  29. Strategic Initiative Adopted by Key Players
  30. Comparative Feature Analysis
  31. Competitive Positioning: Key Players
  32. Competitive Model
    1. Company Market Share
    2. Business Profile of Key Enterprises
      1. AeroFarms
        1. Detailed Overview
        2. Assessment of Key Offerings
        3. Analysis of Growth Strategies
        4. Exhaustive Analysis on Key Financial Indicators
        5. Recent Developments and Strategies
      2. BrightFarms 
      3. Bowery Farming Inc.
      4. ESPEC MIC CORP.
      5. Farmship, Inc.
      6. FF Agro Technologies Pvt Ltd 
      7. Freight Farms
      8. Gotham Greens
      9. Hydrofarm Holdings Group Inc.0
      10. iFarm
      11. Indoor Harvest Farms Pvt Ltd 
      12. Keystone Technology Inc. 
      13. Leaf Factory Tokyo Co., Ltd.
      14. Letcetra Agritech Private Limited
      15. M Hydroponic Research Co., Ltd
      16. Mebiol Inc.
      17. Mitsubishi Chemical Group 
      18. MIRAI Co., Ltd. 
      19. Plenty Unlimited Inc. 
      20. Sky Greens
      21. Spread Co., Ltd.
      22. Taikisha Ltd.
      23. Triton Foodworks
      24. Urban Crop Solutions BV 
      25. UrbanKisaan
      26. Vertical Harvest 
  33. Global Plant Factory Market Outlook
    1. Market Overview
    2. Market Revenue by Value (USD Million), and Compound Annual Growth Rate (CAGR)
    3. Global Plant Factory Market Segmentation Analysis (2024-2037)
      1. By Facility
        1. Greenhouses, Market Value (USD Million), and CAGR, 2024-2037F
        2. Indoor farms, Market Value (USD Million), and CAGR, 2024-2037F
        3. Others, Market Value (USD Million), and CAGR, 2024-2037F
        4.  
      2. By Light Type
        1. Sunlight, Market Value (USD Million), and CAGR, 2024-2037F
        2. Full artificial light Market Value (USD Million), and CAGR, 2024-2037F
      3. By Crop Type
        1. Leafy Greens, Market Value (USD Million), and CAGR, 2024-2037F
        2. Fruits and Vegetables, Market Value (USD Million), and CAGR, 2024-2037F
        3. Others, Market Value (USD Million), and CAGR, 2024-2037F
      4. By Technology
        1. Hydroponics, Market Value (USD Million), and CAGR, 2024-2037F
        2. Aeroponics, Market Value (USD Million), and CAGR, 2024-2037F
        3. Aquaponics, Market Value (USD Million), and CAGR, 2024-2037F
        4. LED Lightning, Market Value (USD Million), and CAGR, 2024-2037F
        5. Soil-Based Systems, Market Value (USD Million), and CAGR, 2024-2037F
        6. Hybrid Systems, Market Value (USD Million), and CAGR, 2024-2037F
      5. By Region
        1. North America, Market Value (USD Million), and CAGR, 2024-2037F
        2. Europe, Market Value (USD Million), and CAGR, 2024-2037F
        3. Asia Pacific Excluding Japan, Market Value (USD Million), and CAGR, 2024-2037F
        4. Japan, Market Value (USD Million), and CAGR, 2024-2037F
        5. Latin America, Market Value (USD Million), and CAGR, 2024-2037F
        6. Middle East and Africa, Market Value (USD Million), and CAGR, 2024-2037F
    4. Cross Analysis Facility w.r.t. Light Type
    5. Cross Analysis Light Type w.r.t. Crop Type
  34. North America Plant Factory Market Outlook
    1. Market Overview
    2. Market Revenue by Value (USD Million), and Compound Annual Growth Rate (CAGR)
    3. Plant Factory Market Segmentation Analysis (2024-2037)
      1. By Facility
        1. Greenhouses, Market Value (USD Million), and CAGR, 2024-2037F
        2. Indoor farms, Market Value (USD Million), and CAGR, 2024-2037F
        3. Others, Market Value (USD Million), and CAGR, 2024-2037F
        4.  
      2. By Light Type
        1. Sunlight, Market Value (USD Million), and CAGR, 2024-2037F
        2. Full artificial light Market Value (USD Million), and CAGR, 2024-2037F
      3. By Crop Type
        1. Leafy Greens, Market Value (USD Million), and CAGR, 2024-2037F
        2. Fruits and Vegetables, Market Value (USD Million), and CAGR, 2024-2037F
        3. Others, Market Value (USD Million), and CAGR, 2024-2037F
      4. By Technology
        1. Hydroponics, Market Value (USD Million), and CAGR, 2024-2037F
        2. Aeroponics, Market Value (USD Million), and CAGR, 2024-2037F
        3. Aquaponics, Market Value (USD Million), and CAGR, 2024-2037F
        4. LED Lightning, Market Value (USD Million), and CAGR, 2024-2037F
        5. Soil-Based Systems, Market Value (USD Million), and CAGR, 2024-2037F
        6. Hybrid Systems, Market Value (USD Million), and CAGR, 2024-2037F
      5. By Country
        1. US, Market Value (USD Million), and CAGR, 2024-2037F
        2. Canada, Market Value (USD Million), and CAGR, 2024-2037F
    4. Cross Analysis Facility w.r.t. Light Type
    5. Cross Analysis Light Type w.r.t. Crop Type
  35. Europe Plant Factory Market Outlook
    1. Market Overview
    2. Market Revenue by Value (USD Million), and Compound Annual Growth Rate (CAGR)
    3. Plant Factory Market Segmentation Analysis (2024-2037)
      1. By Facility
        1. Greenhouses, Market Value (USD Million), and CAGR, 2024-2037F
        2. Indoor farms, Market Value (USD Million), and CAGR, 2024-2037F
        3. Others, Market Value (USD Million), and CAGR, 2024-2037F
        4.  
      2. By Light Type
        1. Sunlight, Market Value (USD Million), and CAGR, 2024-2037F
        2. Full artificial light Market Value (USD Million), and CAGR, 2024-2037F
      3. By Crop Type
        1. Leafy Greens, Market Value (USD Million), and CAGR, 2024-2037F
        2. Fruits and Vegetables, Market Value (USD Million), and CAGR, 2024-2037F
        3. Others, Market Value (USD Million), and CAGR, 2024-2037F
      4. By Technology
        1. Hydroponics, Market Value (USD Million), and CAGR, 2024-2037F
        2. Aeroponics, Market Value (USD Million), and CAGR, 2024-2037F
        3. Aquaponics, Market Value (USD Million), and CAGR, 2024-2037F
        4. LED Lightning, Market Value (USD Million), and CAGR, 2024-2037F
        5. Soil-Based Systems, Market Value (USD Million), and CAGR, 2024-2037F
        6. Hybrid Systems, Market Value (USD Million), and CAGR, 2024-2037F
      5. By Country
        1. UK, Market Value (USD Million), and CAGR, 2024-2037F
        2. Germany, Market Value (USD Million), and CAGR, 2024-2037F
        3. France, Market Value (USD Million), and CAGR, 2024-2037F
        4. Italy, Market Value (USD Million), and CAGR, 2024-2037F
        5. Spain, Market Value (USD Million), and CAGR, 2024-2037F
        6. Netherland, Market Value (USD Million), and CAGR, 2024-2037F
        7. Russia, Market Value (USD Million), and CAGR, 2024-2037F
        8. Rest of Europe, Market Value (USD Million), and CAGR, 2024-2037F
    4. Cross Analysis Facility w.r.t. Light Type
    5. Cross Analysis Light Type w.r.t. Crop Type
  36. Asia Pacific Excluding Japan Plant Factory Market Outlook
    1. Market Overview
    2. Market Revenue by Value (USD Million), and Compound Annual Growth Rate (CAGR)
    3. Plant Factory Market Segmentation Analysis (2024-2037)
      1. By Facility
        1. Greenhouses, Market Value (USD Million), and CAGR, 2024-2037F
        2. Indoor farms, Market Value (USD Million), and CAGR, 2024-2037F
        3. Others, Market Value (USD Million), and CAGR, 2024-2037F
        4.  
      2. By Light Type
        1. Sunlight, Market Value (USD Million), and CAGR, 2024-2037F
        2. Full artificial light Market Value (USD Million), and CAGR, 2024-2037F
      3. By Crop Type
        1. Leafy Greens, Market Value (USD Million), and CAGR, 2024-2037F
        2. Fruits and Vegetables, Market Value (USD Million), and CAGR, 2024-2037F
        3. Others, Market Value (USD Million), and CAGR, 2024-2037F
      4. By Technology
        1. Hydroponics, Market Value (USD Million), and CAGR, 2024-2037F
        2. Aeroponics, Market Value (USD Million), and CAGR, 2024-2037F
        3. Aquaponics, Market Value (USD Million), and CAGR, 2024-2037F
        4. LED Lightning, Market Value (USD Million), and CAGR, 2024-2037F
        5. Soil-Based Systems, Market Value (USD Million), and CAGR, 2024-2037F
        6. Hybrid Systems, Market Value (USD Million), and CAGR, 2024-2037F
      5. By Country
        1. China, Market Value (USD Million), and CAGR, 2024-2037F
        2. India, Market Value (USD Million), and CAGR, 2024-2037F
        3. Indonesia, Market Value (USD Million), and CAGR, 2024-2037F
        4. South Korea, Market Value (USD Million), and CAGR, 2024-2037F
        5. Australia, Market Value (USD Million), and CAGR, 2024-2037F
        6. Singapore, Market Value (USD Million), and CAGR, 2024-2037F
        7. Rest of Asia Pacific Excluding Japan, Market Value (USD Million), and CAGR, 2024-2037F
    4. Cross Analysis Facility w.r.t. Light Type
    5. Cross Analysis Light Type w.r.t. Crop Type
  37. Japan Plant Factory Market Outlook
    1. Market Overview
    2. Market Revenue by Value (USD Million), and Compound Annual Growth Rate (CAGR)
    3. Plant Factory Market Segmentation Analysis (2024-2037)
      1. By Facility
        1. Greenhouses, Market Value (USD Million), and CAGR, 2024-2037F
        2. Indoor farms, Market Value (USD Million), and CAGR, 2024-2037F
        3. Others, Market Value (USD Million), and CAGR, 2024-2037F
        4.  
      2. By Light Type
        1. Sunlight, Market Value (USD Million), and CAGR, 2024-2037F
        2. Full artificial light Market Value (USD Million), and CAGR, 2024-2037F
      3. By Crop Type
        1. Leafy Greens, Market Value (USD Million), and CAGR, 2024-2037F
        2. Fruits and Vegetables, Market Value (USD Million), and CAGR, 2024-2037F
        3. Others, Market Value (USD Million), and CAGR, 2024-2037F
      4. By Technology
        1. Hydroponics, Market Value (USD Million), and CAGR, 2024-2037F
        2. Aeroponics, Market Value (USD Million), and CAGR, 2024-2037F
        3. Aquaponics, Market Value (USD Million), and CAGR, 2024-2037F
        4. LED Lightning, Market Value (USD Million), and CAGR, 2024-2037F
        5. Soil-Based Systems, Market Value (USD Million), and CAGR, 2024-2037F
        6. Hybrid Systems, Market Value (USD Million), and CAGR, 2024-2037F
    4. Cross Analysis Facility w.r.t. Light Type
    5. Cross Analysis Light Type w.r.t. Crop Type
  38. Latin America Plant Factory Market Outlook
    1. Market Overview
    2. Market Revenue by Value (USD Million), and Compound Annual Growth Rate (CAGR)
    3. Plant Factory Market Segmentation Analysis (2024-2037)
      1. By Facility
        1. Greenhouses, Market Value (USD Million), and CAGR, 2024-2037F
        2. Indoor farms, Market Value (USD Million), and CAGR, 2024-2037F
        3. Others, Market Value (USD Million), and CAGR, 2024-2037F
        4.  
      2. By Light Type
        1. Sunlight, Market Value (USD Million), and CAGR, 2024-2037F
        2. Full artificial light Market Value (USD Million), and CAGR, 2024-2037F
      3. By Crop Type
        1. Leafy Greens, Market Value (USD Million), and CAGR, 2024-2037F
        2. Fruits and Vegetables, Market Value (USD Million), and CAGR, 2024-2037F
        3. Others, Market Value (USD Million), and CAGR, 2024-2037F
      4. By Technology
        1. Hydroponics, Market Value (USD Million), and CAGR, 2024-2037F
        2. Aeroponics, Market Value (USD Million), and CAGR, 2024-2037F
        3. Aquaponics, Market Value (USD Million), and CAGR, 2024-2037F
        4. LED Lightning, Market Value (USD Million), and CAGR, 2024-2037F
        5. Soil-Based Systems, Market Value (USD Million), and CAGR, 2024-2037F
        6. Hybrid Systems, Market Value (USD Million), and CAGR, 2024-2037F
      5. By Country
        1. Brazil, Market Value (USD Million), and CAGR, 2024-2037F
        2. Argentina, Market Value (USD Million), and CAGR, 2024-2037F
        3. Mexico, Market Value (USD Million), and CAGR, 2024-2037F
        4. Rest of Latin America, Market Value (USD Million), and CAGR, 2024-2037F
    4. Cross Analysis Facility w.r.t. Light Type
    5. Cross Analysis Light Type w.r.t. Crop Type
  39. Middle East & Africa Plant Factory Market Outlook 
    1. Market Overview
    2. Market Revenue by Value (USD Million), and Compound Annual Growth Rate (CAGR)
    3. Plant Factory Market Segmentation Analysis (2024-2037)
      1. By Facility
        1. Greenhouses, Market Value (USD Million), and CAGR, 2024-2037F
        2. Indoor farms, Market Value (USD Million), and CAGR, 2024-2037F
        3. Others, Market Value (USD Million), and CAGR, 2024-2037F
        4.  
      2. By Light Type
        1. Sunlight, Market Value (USD Million), and CAGR, 2024-2037F
        2. Full artificial light Market Value (USD Million), and CAGR, 2024-2037F
      3. By Crop Type
        1. Leafy Greens, Market Value (USD Million), and CAGR, 2024-2037F
        2. Fruits and Vegetables, Market Value (USD Million), and CAGR, 2024-2037F
        3. Others, Market Value (USD Million), and CAGR, 2024-2037F
      4. By Technology
        1. Hydroponics, Market Value (USD Million), and CAGR, 2024-2037F
        2. Aeroponics, Market Value (USD Million), and CAGR, 2024-2037F
        3. Aquaponics, Market Value (USD Million), and CAGR, 2024-2037F
        4. LED Lightning, Market Value (USD Million), and CAGR, 2024-2037F
        5. Soil-Based Systems, Market Value (USD Million), and CAGR, 2024-2037F
        6. Hybrid Systems, Market Value (USD Million), and CAGR, 2024-2037F
      5. By Country
        1. GCC, Market Value (USD Million), and CAGR, 2024-2037F
        2. Israel, Market Value (USD Million), and CAGR, 2024-2037F
        3. South Africa, Market Value (USD Million), and CAGR, 2024-2037F
        4. Rest of Middle East & Africa, Market Value (USD Million), and CAGR, 2024-2037F
    4. Cross Analysis Facility w.r.t. Light Type
    5. Cross Analysis Light Type w.r.t. Crop Type
  40. Global Economic Scenario
  41. About Research Nester

Global Market Size, Forecast, and Trend Highlights Over 2025-2037

Plant Factory Market size was valued at USD 14 billion in 2024 and is projected to reach a valuation of USD 39.2 billion by the end of 2037, rising at a CAGR of 8.2% during the forecast period, i.e., 2025-2037. In 2025, the industry size of plant factory is assessed at USD 15 billion.

The plant factory market is steadily growing due to the increase in the use of controlled environment agriculture (CEA) technologies. Hydroponics, aeroponics, and vertical farming have made it possible to grow nutrient-rich crops such as magnesium-containing green vegetables for supplement preparation. In September 2024, Plenty Unlimited Inc. announced plans to expand its research and development center in Wyoming to improve crop yield by optimizing light intensity and nutrients. With increasing urbanization, plant factories are the best approach to food security and the production of supplement quality crops.

Government actions are even more encouraging for the development of the sector. In December 2024, the Malaysian government launched GPP KiTa as a regulatory structure for plant factory approval for urban agriculture. Likewise, the Global Report on Food Crisis (GRFC) 2023 exposed that 282 million people suffered from acute hunger, underlining the importance of increasing yields among crops. Due to increasing concern for food safety, plant factories are witnessing a surge in adoption as they offer a reliable way of growing crops, free from contamination of pests and diseases, with minimal environmental impact.

PLANT FACTORY MARKET SIZE
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Plant Factory Market: Growth Drivers and Challenges

Growth Drivers

  • Adoption of AI in modern agriculture: AI technology has entered the field of indoor farming by improving crop health checks, feeding and climate regulation. In February 2024, the Universitas Gadjah Mada (UGM) launched Smart Agri Plant Factory, which combines hydroponics, AI nutrient systems, and precision lighting for better crop yield quality. This facility enhances magnesium concentration in plants especially for magnesium glycinate supplements production. Artificial intelligence in agriculture also helps in having a consistent yield, low costs for labor, and better utilization of resources. For this reason, the ability to regulate nutrients in real time makes it a suitable technology for functional food manufacturing.
  • Achieving food security and sustainable production: The interest in localized indoor farm production has been boosted by the growing urban population and climate change impacts, which reduce food transport pollution. In September 2024, Urban Crop Solutions installed the first vertical farming tower at Agrotopia, with both artificial and sunlight for crop production all year round. They use limited water, improve crop quality, and offer fresh and locally grown crops to the plant factory market. Agriculture indoors is suitable for the growth of crops that are rich in magnesium to make up for the nutrient deficiency of supplements. With increasing pressure on governments to adopt sustainable agriculture, vertical farms are proving to be crucial to feeding cities.
  • Increased funding in vertical farming technologies: Governments and private investors are investing more capital into vertical farming to improve food production and agriculture. In February 2024, Oishii raised USD 134 million to scale up high-density indoor farming, which shows great confidence in controlled environment agriculture. Capital investments are being made towards the development of automated plant factories for the production of nutrient-dense crops, such as magnesium-containing plants for supplement production. By minimizing the area and water usage, these facilities support the sustainable use of natural resources in agriculture. The use of robotics, artificial intelligence, and smart lighting in vertical farms makes production to be efficient, productive, and cost effective.

Challenges

  • High energy consumption in indoor farming: Plant factories that use artificial lighting consume a lot of energy, as a result, they are costly to run and unsustainable. The use of LED and climate control systems on a large scale contributes to carbon emissions. Thus, there is a need for energy-efficient products. Ministries and scholars are looking at solar farms and energy recovery systems to reduce electricity usage. Limiting dependence on non-renewable sources of energy is still a major issue in the expansion of plant factories around the world.
  • Lack of consumer confidence and knowledge: Although the adoption of indoor farming has many advantages, consumer knowledge and acceptance of hi-tech farming are still low in many parts of the world. There is a strong link between fresh produce and traditional farming, hence making it a challenge to plant factory market crops grown through vertical farming. It is therefore crucial to increase awareness of the public by informing them on the nutritional values of the produce, the absence of pesticide usage in plant factories and the sustainable nature of this form of farming. Supermarkets, food brands, and supplement manufacturing companies are working with indoor farmers to enhance the acceptance of the products by the consumers.
Plant Factory Market: Key Insights

Base Year

2024

Forecast Year

2025-2037

CAGR

8.2%

Base Year Market Size (2024)

USD 14 billion

Forecast Year Market Size (2037)

USD 39.2 billion

Regional Scope

  • North America (U.S. and Canada)
  • Asia Pacific (Japan, China, India, Indonesia, Malaysia, Australia, South Korea, Rest of Asia Pacific)
  • Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Latin America (Mexico, Argentina, Brazil, Rest of Latin America)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Plant Factory Segmentation

Facility (Greenhouses, Indoor farms)

Indoor farms segment is expected to capture over 58.9% plant factory market share by 2037 as there is a growing need for food production that is not affected by climatic conditions while at the same time being highly productive. In March 2024, a Tokyo-based startup company called HarvestX Inc. received USD 2.46 million to enhance the indoor farming system. Growing populations in urban areas mean that indoor farms offer solutions to address food insecurity issues. CEA is effective in maintaining nutrient quality hence, suitable for functional food markets. Hydroponic and aeroponic systems are being adopted more often to improve yields while occupying less land and water.

Light Type (Sunlight, Full Artificial Light)  

By the end of 2037, among the light type, the artificial light segment is set to hold over 81.9% plant factory market share, due to the ability to control the lighting conditions in the greenhouse. In March 2023, Mitsubishi Chemical Group established the AN artificial light plant factory that focuses on the production of magnesium-rich crops for supplements and functional food. Advanced lighting systems help maintain standard plant quality by controlling spectral distribution and light intensity, making it mandatory for modern plant factories. The application of LED, UV, and infrared technologies makes it possible to increase the efficiency of photosynthesis and the yield of crops.

Our in-depth analysis of the plant factory market includes the following segments:

Facility
  • Greenhouses
  • Indoor farms

Light Type
  • Sunlight
  • Full artificial light

Crop Type
  • Leafy Greens
  • Fruits and Vegetables

Technology
  • Hydroponics
  • Aeroponics
  • Aquaponics
  • LED Lightning
  • Soil-Based Systems
  • Hybrid Systems

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Customize this Report

Plant Factory Industry - Regional Synopsis

Asia Pacific excluding Japan Market Statistics

Asia Pacific excluding Japan in plant factory market is expected to dominate around 35.4% revenue share by the end of 2037, due to urbanization, food security measures, and policies and incentives. According to the FAO, to achieve SDG 2 (Zero Hunger), more than 3 million people in the region need to be lifted out of hunger each month by December 2030. This calls for the need to come up with a solution that can feed the world’s growing population through large-scale production like vertical farming and plant factories.

India Production Linked Incentive (PLI) Scheme is significantly encouraging investment in agriculture, and the country is now well-equipped to feed consumers. The PLI scheme has been announced with INR 1.97 lakh crore (more than USD 26 billion) for 14 core manufacturing sectors, such as controlled environment agriculture. This kind of financial support is likely to promote the advancement of vertical farming in India and transform the food production system by minimizing the impact of climate change on traditional agriculture.

China is at the forefront of the use of automation in plant factories using artificial intelligence to improve yields. In February 2024, the Institute of Urban Agriculture (IUA) and the Chinese Academy of Agricultural Sciences (CAAS) introduced robots that can produce and harvest lettuce in 35 days with the help of an artificial intelligence control system. This state-of-the-art automation technology helps in continuously monitoring the environment and control of the conditions that are required for the growth of plants in vertical farms in order to enhance productivity. Due to these factors, China is anticipated to lead in high-tech farming innovations due to its increasing rate of innovations in Agri-Tech.

North America Market Analysis

North America plant factory market is expected to register over 8.4% growth till 2037, due to the rising plant factory investments and consumption of green food. The increasing utilization of controlled-environment agriculture (CEA) is responding to issues of climate change, food scarcity, and increasing urbanization. Governments and private investors are investing in high-tech vertical farming solutions to increase the food supply chain and production all year round.

The U.S. continues to lead the global plant factory investments as the country seeks to cultivate more crops in controlled environment structures in response to the growing consumer appetite for locally grown crops that are free from pesticide residues. In February 2024, the largest real estate investment trust (REIT), Realty Income, dedicated USD 1 billion to vertical farming investment, demonstrating high levels of belief in indoor farming. AI climate control and LED-based lighting of plant factories are helping to increase efficiency and crop yields, thereby enhancing plant factory market growth in the U.S.

Canada is experiencing the rising trend of vertical farming due to climate change and high dependence on imported foods. Efforts have been made by the government and private sectors to improve agricultural technology for an efficient plant factory in the urban and rural regions. The consumer’s increased concern for fresh and locally grown produce has led to the growth of plant factories using hydroponic and aeroponic systems for the production of plants. For these reasons, plant factories are turning into a viable solution to the challenges resulting from climate change for Canada agricultural sector.

PLANT FACTORY MARKET SHARE
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Companies Dominating the Plant Factory Market

    The plant factory market is saturated, and key players in the field are utilizing automation, sustainability, and optimal nutrient control. Some of the leading companies are AeroFarms, BrightFarms, Bowery Farming Inc., Gotham Greens, and Freight Farms. These firms are opening huge vertical farms with artificial intelligence climate control and LED lighting in order to achieve higher yields and better quality crops. Innovations in plant genetics, smart sensors, and precision irrigation are being made to increase productivity and decrease resource use.

    In November 2024, Plantas Group acquired Green Innovations Ltd., a company specializing in modular vertical farming technologies. This acquisition could support the efficient cultivation of magnesium-dense crops used in magnesium glycinate production. Furthermore, investment by companies demonstrates that plant factories are revolutionizing the production of nutrient-rich foods for functional foods and supplements. The automation, diversification, and efficiency in crop nutrition make the plant factories the future of high-yield farming in the industry.

    Here are some leading companies in the plant factory market:

    • AeroFarms  
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • BrightFarms  
    • Bowery Farming Inc. 
    • ESPEC MIC CORP. 
    • Farmship, Inc. 
    • FF Agro Technologies Pvt Ltd  
    • Freight Farms 
    • Gotham Greens 
    • Hydrofarm Holdings Group Inc.0 
    • iFarm 
    • Indoor Harvest Farms Pvt Ltd  
    • Keystone Technology Inc.  
    • Leaf Factory Tokyo Co., Ltd. 
    • Letcetra Agritech Private Limited 
    • M Hydroponic Research Co., Ltd 
    • Mebiol Inc. 
    • Mitsubishi Chemical Group  
    • MIRAI Co., Ltd.  
    • Plenty Unlimited Inc.  
    • Sky Greens 
    • Spread Co., Ltd. 
    • Taikisha Ltd. 
    • Triton Foodworks 
    • Urban Crop Solutions BV  
    • UrbanKisaan 
    • Vertical Harvest

In the News

  • In August 2024, BrightFarms expanded its crop production to include magnesium-rich leafy greens and herbs, providing consumers with natural sources of essential minerals, including magnesium glycinate precursors. This expansion aims to meet the growing demand for magnesium supplements and promote overall health and wellness.
  • In March 2024, Kao Corporation developed the Smart Garden Meguri plant factory, utilizing CO₂ recycling to accelerate plant growth while reducing water consumption by 40%. This innovative approach could enhance magnesium-rich crop cultivation for supplement applications, contributing to sustainable and efficient magnesium production.
  • In July 2023, Spread joined 30+ vertical farming companies in the Vertical Farming Manifesto, committing to sustainable agriculture. Their initiatives may enhance the availability of magnesium-rich crops used in magnesium glycinate supplements, supporting a more sustainable and accessible supply chain for magnesium supplements.

Author Credits:   Nilanjana Ray


  • Report ID: 6287
  • Published Date: Feb 18, 2025
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In 2024, the industry size of plant factory was USD 14 billion.

The global plant factory market size was USD 14 billion in 2024 and is expected to reach USD 39.2 billion by the end of 2037, expanding at a CAGR of 8.2% during the forecast period, i.e., 2025-2037. In 2025, the industry size of plant factory will be valued at USD 15 billion.

Key players in the market are AeroFarms, BrightFarms, Bowery Farming Inc., ESPEC MIC CORP., Farmship, Inc., FF Agro Technologies Pvt Ltd, Freight Farms, Gotham Greens, Hydrofarm Holdings Group Inc., iFarm, Indoor Harvest Farms Pvt Ltd, Keystone Technology Inc., Leaf Factory Tokyo Co., Ltd.

The artificial light segment is anticipated to lead the plant factory market during the forecast period.

Asia Pacific is likely to offer lucrative prospects to the companies in the plant factory market during the forecast period.
Plant Factory Market Report Scope

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