GITNUX MARKETDATA REPORT 2024

Indoor Farming Industry Statistics

The indoor farming industry is expected to continue growing rapidly, with a projected market value of over $40 billion by 2026.

With sources from: grandviewresearch.com, marketresearchfuture.com, fortunebusinessinsights.com, marketsandmarkets.com and many more

Statistic 1

The use of LED grow lights in indoor farming is projected to reach $1.9 billion by 2026.

Statistic 2

Approximately 40% of indoor farming operations reported using renewable energy sources in 2020.

Statistic 3

The Asia-Pacific region is the largest market for indoor farming, with China and Japan leading the region.

Statistic 4

The global indoor farming market was valued at approximately $14.5 billion in 2020.

Statistic 5

Revenue from indoor farming systems in Europe is expected to reach $2.55 billion by 2027.

Statistic 6

Indoor farming reduces the need for pesticides by up to 90%, leading to healthier produce.

Statistic 7

The global market for urban farming, including indoor farming, is projected to reach $26.16 billion by 2032.

Statistic 8

The indoor farming market is expected to grow at a CAGR of around 9.4% from 2021 to 2028.

Statistic 9

The United States accounts for over 35% of the global investment in indoor farming technologies.

Statistic 10

Over 75% of indoor farming operations use sustainable practices to minimize environmental impact.

Statistic 11

The adoption of IoT technologies in indoor farming is anticipated to grow at a rate of 22.5% annually.

Statistic 12

Indoor farming can reduce water usage by up to 90% compared to traditional farming methods.

Statistic 13

The leafy greens segment dominates the indoor farming market, contributing to over 60% of revenue.

Statistic 14

The global market for aeroponics, part of the indoor farming sector, was valued at approximately $578 million in 2020.

Statistic 15

The market for plant factories with artificial lighting is projected to grow to $9.64 billion by 2026.

Statistic 16

Automation in indoor farming is expected to reduce labor costs by up to 50% by 2025.

Statistic 17

North America holds a significant market share in indoor farming, with the United States as the primary contributor.

Statistic 18

Hydroponics is the most commonly used technique in indoor farming, accounting for over 50% of the market share.

Statistic 19

The cannabis segment in indoor farming is projected to grow at a CAGR of 20% from 2021 to 2028.

Statistic 20

Vertical farming, a subset of indoor farming, was valued at $2.9 billion in 2020.

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In the following post, we will explore the dynamic landscape of the indoor farming industry through a series of compelling statistics. From the widespread adoption of LED grow lights to the significant market growth projections, these statistics shed light on key trends shaping the future of indoor farming on a global scale. Let’s dive into the data-driven insights that highlight the innovation, sustainability, and market potential within this thriving sector.

Statistic 1

"The use of LED grow lights in indoor farming is projected to reach $1.9 billion by 2026."

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Statistic 2

"Approximately 40% of indoor farming operations reported using renewable energy sources in 2020."

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Statistic 3

"The Asia-Pacific region is the largest market for indoor farming, with China and Japan leading the region."

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Statistic 4

"The global indoor farming market was valued at approximately $14.5 billion in 2020."

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Statistic 5

"Revenue from indoor farming systems in Europe is expected to reach $2.55 billion by 2027."

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Statistic 6

"Indoor farming reduces the need for pesticides by up to 90%, leading to healthier produce."

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Statistic 7

"The global market for urban farming, including indoor farming, is projected to reach $26.16 billion by 2032."

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Statistic 8

"The indoor farming market is expected to grow at a CAGR of around 9.4% from 2021 to 2028."

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Statistic 9

"The United States accounts for over 35% of the global investment in indoor farming technologies."

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Statistic 10

"Over 75% of indoor farming operations use sustainable practices to minimize environmental impact."

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Statistic 11

"The adoption of IoT technologies in indoor farming is anticipated to grow at a rate of 22.5% annually."

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Statistic 12

"Indoor farming can reduce water usage by up to 90% compared to traditional farming methods."

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Statistic 13

"The leafy greens segment dominates the indoor farming market, contributing to over 60% of revenue."

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Statistic 14

"The global market for aeroponics, part of the indoor farming sector, was valued at approximately $578 million in 2020."

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Statistic 15

"The market for plant factories with artificial lighting is projected to grow to $9.64 billion by 2026."

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Statistic 16

"Automation in indoor farming is expected to reduce labor costs by up to 50% by 2025."

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Statistic 17

"North America holds a significant market share in indoor farming, with the United States as the primary contributor."

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Statistic 18

"Hydroponics is the most commonly used technique in indoor farming, accounting for over 50% of the market share."

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Statistic 19

"The cannabis segment in indoor farming is projected to grow at a CAGR of 20% from 2021 to 2028."

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Statistic 20

"Vertical farming, a subset of indoor farming, was valued at $2.9 billion in 2020."

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Interpretation

The indoor farming industry is experiencing rapid growth and innovation, driven by various factors such as the adoption of LED grow lights, renewable energy sources, and sustainable practices. With significant market shares in regions like Asia-Pacific and North America, indoor farming technologies are reshaping the agricultural landscape. The industry's emphasis on reducing environmental impact, increasing efficiency, and leveraging advanced technologies like IoT and automation is positioning it for substantial growth in the coming years. Vertical farming, hydroponics, aeroponics, and specialized segments like cannabis cultivation are contributing to the industry's diversification and economic value. As indoor farming continues to evolve and expand globally, it presents promising opportunities for sustainable agriculture and food production.

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