Plant Factory Market Outlook:
Plant Factory Market size was valued at USD 3.79 billion in 2025 and is likely to cross USD 10.01 billion by 2035, expanding at more than 10.2% CAGR during the forecast period i.e., between 2026-2035. In the year 2026, the industry size of plant factory is assessed at USD 4.14 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.
