Research and Markets 8 min read Company Logo The report includes coverage of major players such as Avisomo, Beijing Kingpeng International Hi-Tech Corporation., Bowery Farming, Farminova Plant Factory, Plenty Unlimited, Oishii Farm, Urban Agrotech, Urban Crop Solutions and more.Global Plant Factories Market Global Plant Factories Market Dublin, Feb. 06, 2025 (GLOBE NEWSWIRE) — The “Plant Factories – Global Strategic Business Report” has been added to ResearchAndMarkets.com’s offering.The global market for Plant Factories was estimated at US$133.9 Million in 2023, and is projected to reach US$192 Million by 2030, growing at a CAGR of 5.3% from 2023 to 2030.The growth in the plant factories market is driven by several factors. Firstly, the increasing global population and urbanization are leading to higher demand for locally grown, fresh produce, which plant factories can provide efficiently. Secondly, concerns over food security and supply chain disruptions, highlighted by events such as the COVID-19 pandemic, have spurred interest in more resilient and sustainable food production methods. Thirdly, the rising awareness and preference for sustainable and pesticide-free food are encouraging consumers to support and purchase from plant factories.Additionally, technological advancements, such as improvements in LED lighting efficiency, automation, and AI-driven agricultural practices, are making plant factories more economically viable and attractive to investors. The trend towards smart cities and the integration of urban agriculture into city planning are also promoting the adoption of plant factories. Finally, government initiatives and subsidies aimed at promoting sustainable agriculture and reducing carbon footprints are providing additional support and incentives for the growth of the plant factories market. Key Insights: Market Growth: Understand the significant growth trajectory of the Soil-based Systems segment, which is expected to reach US$128 Million by 2030 with a CAGR of a 5.6%. The Non Soil-based Systems segment is also set to grow at 4.9% CAGR over the analysis period. Regional Analysis: Gain insights into the U.S. market, estimated at $36.5 Million in 2023, and China, forecasted to grow at an impressive 8.6% CAGR to reach $40.2 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific. Why You Should Buy This Report: Detailed Market Analysis: Access a thorough analysis of the Global Plant Factories Market, covering all major geographic regions and market segments. Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies. Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Plant Factories Market. Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decision
Gio. Feb 6th, 2025
