Global Plant Factory Market
Plant Factory Market size is estimated at USD 164 million in 2024 and is set to exceed USD 458.7 million by the end of 2037, expanding at over 8.29% CAGR during the forecast period i.e., between 2025-2037. In 2025, the industry size of plant factory is assessed at USD 177.5 million.
The plant factory market is driven by the surging need to cultivate high-quality food to cater to the growing population across the globe and a rising preference for fresh and locally sourced produce. As per the Global Report on Food Crises (GRFC) 2023, over 282 million individuals in 59 countries and territories observed high levels of acute hunger, indicating a global increase of 24 million compared to the previous year. Plant factories use cutting-edge technologies such as IoT, robots, data analytics, and others to grow crops in a controlled environment. This enables continuous production and higher yields throughout the year, addressing the food scarcity challenges.
Author Credits: Nilanjana Ray
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