What are the major factors driving the growth of the Plant Factory market?

In the year 2024, the industry size of plant factory was USD 164 million. Read More

What would be the CAGR of Plant Factory Market over the forecast period?

The global plant factory market size is projected to reach USD 164 million in 2024 and is anticipated to generate USD 458.7 million by the end of 2037, expanding at a CAGR of 8.29% during the forecast period, i.e., 2025-2037. In 2025, the industry size of the plant factory will be valued at USD 177.5 million.. Read More

Which region will provide more business opportunities for growth of Plant Factory market in future?

The indoor farms segment is anticipated to set a share of USD 264.9 million during 2025-2037. Read More

Who are the major players dominating in the Plant Factory market?

Asia Pacific region is expected to open new avenues for the plant factory business in the coming years. Read More

Plant Factory Market Analysis

Global Plant Factory Market

An Outline of the Global Plant Factory Market
1. Study Objective
2. Market Definition
3. Market Segmentation
Assumptions and Abbreviations
Research Methodology & Approach
1. Research Process
2. Primary Research
  1. Manufacturers
  2. Suppliers/Distributors
  3. End Users
3. Secondary Research
4. Market Size Estimation
Summary of the Report for Key Decision Makers
Market Drivers
Market Restraints
Major Opportunities
Major Trends
Technology Analysis
Industry Risk Analysis
SWOT Analysis
Industry Growth Outlook
Japanese Startup Analysis
Industry Supply Chain Analysis
Factory Type Analysis
Regional Demand Analysis
Patent Analysis
Light Type Analysis
Comparative Feature Analysis
Competitive Positioning: Key Players
Competitive Model
1. Company Market Share
2. Business Profile of Key Enterprise
  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. Gotham Greens
  5. Freight Farms
  6. Hydrofarm Holdings Group Inc.
  7. Urban Crop Solutions BV
  8. FF Agro Technologies Pvt Ltd
  9. Triton Foodworks
  10. Letcetra Agritech Private Limited
  11. UrbanKisaan
  12. MIRAI Co., Ltd.
  13. Plenty Unlimited Inc.
  14. Indoor Harvest Farms Pvt Ltd
  15. Vertical Harvest
  16. Mitsubishi Chemical Group
  17. Keystone Technology Inc.
  18. ESPEC MIC CORP.
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
  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 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
America Plant Factory Market Outlook
1. Market Overview
2. Market Revenue by Value (USD Million), and Compound Annual Growth Rate (CAGR)
3. North America 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
  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 Country
    1. US, Market Value (USD Million), and CAGR, 2024-2037F
    2. Canada, Market Value (USD Million), and CAGR, 2024-2037F
Europe Plant Factory Market Outlook
1. Market Overview
2. Market Revenue by Value (USD Million), and Compound Annual Growth Rate (CAGR)
3. Europe 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
  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 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
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. Asia Pacific Excluding Japan 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
  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 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
Japan Plant Factory Market Outlook
1. Market Overview
2. Market Revenue by Value (USD Million), and Compound Annual Growth Rate (CAGR)
3. Japan 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
  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
Latin America Plant Factory Market Outlook
1. Market Overview
2. Market Revenue by Value (USD Million), and Compound Annual Growth Rate (CAGR)
3. Latin America 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
  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 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
Middle East & Africa Plant Factory Market Outlook
1. Market Overview
2. Market Revenue by Value (USD Million), and Compound Annual Growth Rate (CAGR)
3. Middle East & Africa 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
  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 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
Global Economic Scenario
About SDKI

Plant Factory Market Analysis

Facility (Greenhouse, Indoor Farms, Others)

Indoor farms segment in the plant factory market is expected to cross USD 264.9 million by the end of 2037, owing to the surging adoption of indoor farming by companies, restaurants, and grocery stores. Indoor farms have gained popularity due to consistency in quality and supply through indoor farms, reachability to urban centers, and sustainability compared to traditional farming. For instance, in January 2022, Walmart, invested in Plenty company to utilize its indoor vertical farming technology to deliver fresh produce to Walmart retail stores. This partnership aims to provide high-quality food to customers throughout the year, regardless of weather conditions.

Light Type (Sunlight, Full Artificial Light)

In plant factory market, full artificial light segment is projected to exceed USD 370.6 million by the end of 2037, owing to rising availability of a range of lighting technologies such as LED, HID, incandescent, and halogen lights. In March 2023, Mitsubishi Chemical Group (MCG Group) announced the launch of a fully artificial light-type plant factory system, AN in Oi-cho, Fukui Prefecture to solve food supply issues, providing high-quality and pest-free vegetables.

In addition, UV lights are also deployed in plant factories as a nonthermal technique for improving the safety and shelf life of various goods, including fruits, vegetables, plant-based milk substitutes, and more. It helps to inactivate an array of microbial agents including bacteria, fungi, yeasts, molds, and viruses affecting the crop health.

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

Facility	Greenhouse Indoor Farms Others
Light Type	Sunlight Full Artificial Light

Plant Factory Market Analysis

Plant Factory Market Analysis

Browse Key Market Insights with Data Illustration:

Frequently Asked Questions (FAQ)

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Plant Factory Market Analysis

Plant Factory Market Analysis

Browse Key Market Insights with Data Illustration:

Frequently Asked Questions (FAQ)

How big is the plant factory industry?

What is the outlook for the plant factory market?

Who are the major players dominating the plant factory landscape?

Which segment will capture the significant market share for the plant factory by 2037?

Which region will provide more opportunities for the plant factory business in the coming years?