Plant Factory Market Segmentation:
Facility Segment Analysis
Indoor farms segment is expected to capture over 58.9% plant factory market share by 2035 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 Segment Analysis
By the end of 2035, 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:
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Facility |
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Light Type |
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Crop Type |
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Technology |
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