出版：MarketsandMarkets（マーケッツアンドマーケッツ） 出版年月：2023年5月
植物工場市場 : 栽培システム (非土壌ベース、土壌ベース、ハイブリッド)、作物の種類 (果物、野菜、花と観賞用、その他の作物の種類)、施設の種類 (温室、屋内農場)、照明の種類と地域別 – 2028年までの世界予測
Plant Factory Market by Growing System (Non-soil-based, Soil-based, Hybrid), Crop Type (Fruits, Vegetables, Flowers & Ornamentals, Other Crop Types), Facility Type (Greenhouses, Indoor Farms), Light Type and Region – Global Forecast to 2028
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The plant factory market is projected to grow from USD 138 Million in 2023 to USD 196 Million by 2028, at a CAGR of 7.3% during the forecast period. Climate change is causing more frequent and severe weather events, which can damage crops and disrupt traditional farming methods. Plant factory systems offer a way to produce crops in a controlled environment, which is less vulnerable to weather-related disruptions.
The greenhouse segment is expected to account for the largest share in 2023.
Based on facility type, the greenhouse segment is projected to lead the plant factory market during the forecast period. As consumers become more interested in locally grown and sustainably produced food, the demand for indoor-grown produce is increasing. Advanced greenhouse facilities can meet this demand by producing high-quality crops year-round in a controlled environment, and plant factory systems can complement these facilities by providing a source of seedlings or young plants for transplanting into the greenhouse.
The Vegetables Segment is projected to dominate the market share in the crop type segment during the forecast period.
Based on the crop-type segment, the vegetables segment is projected to dominate the market share during the forecast period. Plant factories can also help improve the sustainability and efficiency of vegetable production. By using hydroponic or aeroponic systems, growers can reduce water usage, minimize fertilizer runoff, and optimize energy use. Additionally, plant factories can be located close to urban centers, reducing transportation costs and carbon emissions associated with long-distance food transport.
Europe is expected to account for the largest market share in 2023.
The Plant Factory market industry has been studied in North America, Europe, Asia Pacific, South America and Rest of the World. Europe accounted for the largest market share in 2023. According to the World Bank 2020, the EU’s percentage of arable land has been consistently dropping since 1960. Today, less than 25% of the region’s land area is arable. With less than 15 percent of their land being arable, countries like Croatia, Estonia, and Slovenia are particularly affected by this problem. Companies and cities are turning to CEA in response to the problem of a lack of available space and land suitable for crop cultivation. As the amount of arable land in Europe decreases, it becomes more difficult to produce enough fresh, high-quality produce to meet local demand. Plant factories can help fill this gap by producing fresh, locally grown produce in urban areas, which can then be distributed to nearby communities. This can help to ensure a reliable supply of fresh produce even as the amount of arable land in Europe declines.
The break-up of the profile of primary participants in the plant factory market:
• By Company Type: Tier 1 – 60%, Tier 2 – 25%, and Tier 3 – 15%
• By Designation: C Level – 35%, Director Level – 45%, Others-20%
• By Region: Asia Pacific – 45%, Europe – 25%, North America – 10%, South America – 5%, and Rest of the World – 15%
Prominent companies include AeroFarms (US), Gotham Greens (US), BOWERY FARMING INC. (US), Oishii (US), Plenty Unlimited Inc. (US) among others.
Research Coverage:
This research report categorizes the plant factory market by Growing System (Soil-based, non-soil-based, and Hybrid), Facility Type (Greenhouses, Indoor Farms, Other Facility Types), Light Type (Sunlight, Full Artificial Light), Crop Type (Vegetables, Fruits, Flowers & Ornamentals, other crop type), and Region (North America, Europe, Asia Pacific, South America, and Rest of the World). The scope of the report covers detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of the plant factory market. A detailed analysis of the key industry players has been done to provide insights into their business overview, solutions, and services; key strategies; contracts, partnerships, agreements, new product & service launches, mergers and acquisitions, and recent developments associated with the plant factory market. Competitive analysis of upcoming startups in the plant factory market ecosystem is covered in this report.
Reasons to buy this report:
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall plant factory market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and to plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
Analysis of key drivers (Higher yield as compared to traditional agriculture practices, Plant factories have lesser impact of external weather conditions), restraints (High capital investments, Requirement of high-precision environment), opportunity (Increased adoption of plant factories by restaurants and grocery stores amid the COVID-19 pandemic, Rise in demand for floriculture and ornamental horticulture), and challenges (Tapping into the organic food market, Risk of equipment failure and delay in the learning curve among growers, Spread of waterborne diseases and algae in closed systems) influencing the growth of the plant factory market.
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the plant factory market.
• Market Development: Comprehensive information about lucrative markets – the report analyses the plant factory market across varied regions.
• Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the plant factory market.
• Competitive Assessment: In-depth assessment of market shares, growth strategies and service offerings of leading players like AeroFarms (US), Gotham Greens (US), BOWERY FARMING INC. (US), Oishii (US), Plenty Unlimited Inc. (US) among others in the plant factory market strategies. The report also helps stakeholders understand the plant factory market and provides them with ainformation on key market drivers, restraints, challenges, and opportunities.
目次
1 INTRODUCTION 37
1.1 STUDY OBJECTIVES 37
1.2 MARKET DEFINITION 38
1.3 STUDY SCOPE 38
1.3.1 MARKETS COVERED 38
FIGURE 1 MARKET SEGMENTATION 38
1.3.2 REGIONS COVERED 39
FIGURE 2 PLANT FACTORY MARKET: GEOGRAPHIC SCOPE 39
1.4 INCLUSIONS & EXCLUSIONS 39
1.5 PERIODIZATION CONSIDERED 40
1.6 CURRENCY CONSIDERED 40
TABLE 1 US DOLLAR EXCHANGE RATES CONSIDERED, 2019–2022 41
1.7 STAKEHOLDERS 41
1.8 SUMMARY OF CHANGES 41
1.8.1 RECESSION IMPACT 42
2 RESEARCH METHODOLOGY 43
2.1 RESEARCH DATA 43
FIGURE 3 PLANT FACTORY MARKET: RESEARCH DESIGN 43
2.1.1 SECONDARY DATA 44
2.1.1.1 Key data from secondary sources 44
2.1.2 PRIMARY DATA 44
2.1.2.1 Key data from primary sources 45
2.1.2.2 Key insights from industry experts 46
2.1.2.3 Breakdown of primary interviews 46
FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION 46
2.2 MARKET SIZE ESTIMATION 47
2.2.1 MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH 48
FIGURE 5 PLANT FACTORY MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH 48
2.2.2 MARKET SIZE ESTIMATION: TOP-DOWN APPROACH 49
FIGURE 6 PLANT FACTORY MARKET SIZE ESTIMATION: TOP-DOWN APPROACH 49
FIGURE 7 PLANT FACTORY MARKET SIZE ESTIMATION (DEMAND SIDE) 50
FIGURE 8 PLANT FACTORY MARKET SIZE ESTIMATION, BY CROP TYPE (SUPPLY SIDE) 50
2.3 DATA TRIANGULATION 51
FIGURE 9 DATA TRIANGULATION AND MARKET BREAKUP 51
2.4 GROWTH RATE FORECAST 52
2.5 ASSUMPTIONS 52
FIGURE 10 ASSUMPTIONS 52
2.6 LIMITATIONS AND ASSOCIATED RISKS 53
TABLE 2 LIMITATIONS AND ASSOCIATED RISKS 53
2.7 RECESSION IMPACT ANALYSIS 53
2.7.1 RECESSION IMPACT ON PLANT FACTORY MARKET 54
2.7.1.1 Macro indicators of recession 54
FIGURE 11 RECESSION INDICATORS AND IMPACT ON PLANT FACTORY MARKET 54
FIGURE 12 GLOBAL PLANT FACTORY MARKET: EARLIER FORECAST VS. RECESSION FORECAST 54
3 EXECUTIVE SUMMARY 56
TABLE 3 PLANT FACTORY MARKET SNAPSHOT, 2023 VS. 2028 57
FIGURE 13 PLANT FACTORY MARKET SIZE, BY FACILITY TYPE, 2023 VS. 2028 (USD MILLION) 57
FIGURE 14 PLANT FACTORY MARKET SIZE, BY GROWING SYSTEM, 2023 VS. 2028 (USD MILLION) 58
FIGURE 15 PLANT FACTORY MARKET SIZE, BY CROP TYPE, 2023 VS. 2028 (USD MILLION) 59
FIGURE 16 PLANT FACTORY MARKET SIZE, BY LIGHT TYPE, 2023 VS. 2028 (USD MILLION) 59
FIGURE 17 PLANT FACTORY MARKET SHARE, BY REGION, 2022 60
4 PREMIUM INSIGHTS 61
4.1 ATTRACTIVE OPPORTUNITIES FOR COMPANIES IN PLANT FACTORY MARKET 61
FIGURE 18 RISING POPULATION AND CONCERNS OVER FOOD SECURITY TO DRIVE GROWTH OF PLANT FACTORY MARKET 61
4.2 ASIA PACIFIC: PLANT FACTORY MARKET, BY CROP TYPE AND COUNTRY, 2022 62
FIGURE 19 VEGETABLES SEGMENT AND CHINA TO ACCOUNT FOR LARGEST MARKET SHARES IN 2022 62
4.3 PLANT FACTORY MARKET: REGIONAL SUBMARKETS 63
FIGURE 20 NETHERLANDS TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 63
4.4 PLANT FACTORY MARKET, BY GROWING SYSTEM AND REGION, 2023 VS. 2028 63
FIGURE 21 EUROPE TO DOMINATE PLANT FACTORY MARKET BY GROWING SYSTEM, 2023 VS. 2028 63
4.5 PLANT FACTORY MARKET, BY CROP TYPE, 2023 VS. 2028 64
FIGURE 22 VEGETABLES SEGMENT TO ACCOUNT FOR LARGEST MARKET SIZE DURING FORECAST PERIOD 64
4.6 PLANT FACTORY MARKET, BY FACILITY TYPE, 2023 VS. 2028 64
FIGURE 23 GREENHOUSE SEGMENT TO ACCOUNT FOR LARGEST MARKET SIZE DURING FORECAST PERIOD 64
5 MARKET OVERVIEW 65
5.1 INTRODUCTION 65
5.2 MACROECONOMIC INDICATORS 66
5.2.1 INCREASING GLOBAL POPULATION 66
FIGURE 24 WORLD POPULATION BY GROUP OF ECONOMIES 66
FIGURE 25 WORLD POPULATION, 1950–2021 67
FIGURE 26 POPULATION GROWTH TREND, 1950–2050 67
5.2.2 RAPID URBANIZATION 68
FIGURE 27 NUMBER OF PEOPLE LIVING IN URBAN AND RURAL AREAS GLOBALLY 68
FIGURE 28 URBAN POPULATION BY GROUP OF ECONOMIES (PERCENTAGE OF TOTAL POPULATION) 68
5.3 MARKET DYNAMICS 70
FIGURE 29 DRIVER, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES: PLANT FACTORY MARKET 70
5.3.1 DRIVERS 70
5.3.1.1 Higher yield compared to traditional agricultural practices 70
TABLE 4 YIELD OF CROPS: SOIL CULTIVATION VS. HYDROPONICS (LBS/ACRE) 72
5.3.1.2 Low impact on external weather conditions 72
5.3.2 RESTRAINTS 74
5.3.2.1 High capital investments 74
FIGURE 30 BREAKEVEN COST OF PRODUCTION TO GROW AND DELIVER GREENS (DOLLARS PER POUND) 75
FIGURE 31 ELECTRICITY PRICES PAID BY INDUSTRIAL SECTOR (CENTS PER KILOWATT-HOUR) 75
5.3.2.2 Requirement of high-precision environment 76
5.3.3 OPPORTUNITIES 76
5.3.3.1 Increased adoption of plant factories by restaurants and grocery stores amid COVID-19 pandemic 76
5.3.3.2 Rising demand for floriculture and ornamental horticulture 78
FIGURE 32 INDIA: FRUITS & VEGETABLES, FLORICULTURE EXPORTS 78
FIGURE 33 CANADA: ORNAMENTAL SALES AND RESALES BY SUB-SECTOR (MILLIONS OF CANADIAN DOLLARS) 79
5.3.4 CHALLENGES 80
5.3.4.1 Tapping into organic food market 80
FIGURE 34 GLOBAL ORGANIC AGRICULTURAL LAND, 2019 81
FIGURE 35 ORGANIC FOOD SALES IN US AND EUROPEAN UNION 82
FIGURE 36 COUNTRIES WITH HIGHEST PER CAPITA CONSUMPTION OF ORGANIC FOOD IN 2019 82
5.3.4.2 Risk of equipment failure and delay in learning curve among growers 82
5.3.4.3 Spread of waterborne diseases and algae in closed systems 83
6 INDUSTRY TRENDS 85
6.1 INTRODUCTION 85
6.2 VALUE CHAIN ANALYSIS 85
6.2.1 RAW MATERIAL SUPPLIERS 85
6.2.2 PLANT FACTORY PROVIDERS 85
6.2.3 PLANT FACTORY TECHNOLOGY PROVIDERS 86
6.2.4 CONSULTING & MANAGEMENT SERVICES 86
6.2.5 END USERS 86
FIGURE 37 PLANT FACTORY MARKET: VALUE CHAIN ANALYSIS 86
6.3 TECHNOLOGY ANALYSIS 86
6.3.1 AUTOMATION AND ROBOTICS 87
6.3.2 DATA ANALYTICS AND MACHINE LEARNING 87
6.4 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESSES 88
FIGURE 38 PLANT FACTORY MARKET: TRENDS/DISRUPTIONS IMPACTING BUYERS/CUSTOMERS 88
6.5 PATENT ANALYSIS 89
FIGURE 39 PATENTS GRANTED FOR PLANT FACTORY MARKET, 2012–2022 89
FIGURE 40 REGIONAL ANALYSIS OF PATENTS GRANTED FOR PLANT FACTORY MARKET, 2012–2022 90
TABLE 5 KEY PATENTS PERTAINING TO PLANT FACTORY MARKET (CROPS & TECHNOLOGIES), 2022 90
6.6 ECOSYSTEM/MARKET MAP 91
6.6.1 DEMAND SIDE 91
6.6.2 SUPPLY SIDE 91
FIGURE 41 PLANT FACTORY MARKET: ECOSYSTEM/MARKET MAP 92
TABLE 6 PLANT FACTORY MARKET: ECOSYSTEM 92
6.7 TRADE SCENARIO 93
FIGURE 42 FRUITS: IMPORT VALUE BY KEY COUNTRY, 2018–2022 (USD THOUSAND) 93
TABLE 7 IMPORT DATA OF FRUITS FOR KEY COUNTRIES, 2022 (VALUE) 94
FIGURE 43 FRUITS: EXPORT VALUE BY KEY COUNTRY, 2018–2022 (USD THOUSAND) 94
TABLE 8 EXPORT DATA OF FRUITS FOR KEY COUNTRIES, 2022 (VALUE) 95
FIGURE 44 OTHER VEGETABLES: IMPORT VALUE BY KEY COUNTRY, 2018–2022 (USD THOUSAND) 95
TABLE 9 IMPORT DATA OF OTHER VEGETABLES FOR KEY COUNTRIES, 2022 (VALUE) 96
FIGURE 45 OTHER VEGETABLES: EXPORT VALUE BY KEY COUNTRY, 2018–2022 (USD THOUSAND) 96
TABLE 10 EXPORT DATA OF OTHER VEGETABLES FOR KEY COUNTRIES, 2022 (VALUE) 97
6.8 TARIFF AND REGULATORY LANDSCAPE 97
6.8.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 97
TABLE 11 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 97
TABLE 12 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 98
TABLE 13 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 98
TABLE 14 SOUTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 99
TABLE 15 REST OF THE WORLD: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 99
6.8.2 REGULATORY FRAMEWORK 100
6.8.2.1 North America 100
6.8.2.2 Europe 101
6.8.2.3 Asia Pacific 101
6.8.2.3.1 India 101
6.8.2.3.2 China 102
6.8.2.3.3 Japan 102
6.9 PORTER’S FIVE FORCES ANALYSIS 102
TABLE 16 PLANT FACTORY MARKET: PORTER’S FIVE FORCES ANALYSIS 102
6.9.1 INTENSITY OF COMPETITIVE RIVALRY 103
6.9.2 BARGAINING POWER OF SUPPLIERS 103
6.9.3 BARGAINING POWER OF BUYERS 103
6.9.4 THREAT OF SUBSTITUTES 104
6.9.5 THREAT OF NEW ENTRANTS 104
6.10 KEY STAKEHOLDERS AND BUYING CRITERIA 104
6.10.1 KEY STAKEHOLDERS IN BUYING PROCESS 104
FIGURE 46 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR CROP TYPES 105
TABLE 17 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR CROP TYPES 105
6.10.2 BUYING CRITERIA 105
TABLE 18 KEY CRITERIA FOR SELECTING SUPPLIERS/VENDORS 106
FIGURE 47 KEY CRITERIA FOR SELECTING SUPPLIERS/VENDORS 106
6.11 CASE STUDY ANALYSIS 106
6.11.1 USE CASE 1: GOODLEAF FARMS PROVIDED CANADIANS WITH FRESH, NUTRITIOUS, PESTICIDE-FREE BABY GREENS AND MICROGREENS 106
6.11.2 USE CASE 2: TOSHIBA LIGHTING & TECHNOLOGY CORPORATION HELPED SPREAD CO., LTD. ACHIEVE ENERGY SAVINGS AND REDUCE COSTS 107
6.11.3 USE CASE 3: SKY GREENS SAVED ON ELECTRICITY AND WATER BY USING NATURAL LIGHT SOURCES 107
6.12 KEY CONFERENCES & EVENTS IN 2023 108
TABLE 19 PLANT FACTORY MARKET: DETAILED LIST OF CONFERENCES & EVENTS, 2023 108
7 PLANT FACTORY MARKET, BY GROWING SYSTEM 109
7.1 INTRODUCTION 110
FIGURE 48 PLANT FACTORY MARKET, BY GROWING SYSTEM, 2023 VS. 2028 (USD MILLION) 111
TABLE 20 PLANT FACTORY MARKET, BY GROWING SYSTEM, 2019–2022 (USD MILLION) 111
TABLE 21 PLANT FACTORY MARKET, BY GROWING SYSTEM, 2023–2028 (USD MILLION) 111
7.2 NON-SOIL-BASED 112
7.2.1 BETTER YIELD AND NECESSITY TO GROW CROPS IN SMALLER SPACES TO DRIVE MARKET 112
TABLE 22 NON-SOIL-BASED: PLANT FACTORY MARKET, BY GROWING SYSTEM, 2019–2022 (USD MILLION) 112
TABLE 23 NON-SOIL-BASED: PLANT FACTORY MARKET, BY GROWING SYSTEM, 2023–2028 (USD MILLION) 113
TABLE 24 NON-SOIL-BASED: PLANT FACTORY MARKET, BY REGION, 2019–2022 (USD MILLION) 113
TABLE 25 NON-SOIL-BASED: PLANT FACTORY MARKET, BY REGION, 2023–2028 (USD MILLION) 113
7.2.2 HYDROPONICS 114
7.2.3 AEROPONICS 114
7.2.4 AQUAPONICS 115
7.3 SOIL-BASED 116
7.3.1 CLIMATE CHANGE AND INSUFFICIENT CROP PRODUCTIVITY TO DRIVE DEMAND FOR SOIL-BASED AGRICULTURE 116
TABLE 26 SOIL-BASED: PLANT FACTORY MARKET, BY REGION, 2019–2022 (USD MILLION) 116
TABLE 27 SOIL-BASED: PLANT FACTORY MARKET, BY REGION, 2023–2028 (USD MILLION) 116
7.4 HYBRID 117
7.4.1 HYBRID SYSTEMS TO OFFER DUAL ADVANTAGE FOR OPTIMUM PRODUCTION 117
TABLE 28 HYBRID: PLANT FACTORY MARKET, BY REGION, 2019–2022 (USD MILLION) 117
TABLE 29 HYBRID: PLANT FACTORY MARKET, BY REGION, 2023–2028 (USD MILLION) 118
8 PLANT FACTORY MARKET, BY CROP TYPE 119
8.1 INTRODUCTION 120
FIGURE 49 PLANT FACTORY MARKET, BY CROP TYPE, 2023 VS. 2028 (USD MILLION) 121
TABLE 30 PLANT FACTORY MARKET, BY CROP TYPE, 2019–2022 (USD MILLION) 121
TABLE 31 PLANT FACTORY MARKET, BY CROP TYPE, 2023–2028 (USD MILLION) 121
TABLE 32 PLANT FACTORY MARKET, BY VEGETABLE TYPE, 2019–2022 (USD MILLION) 122
TABLE 33 PLANT FACTORY MARKET, BY VEGETABLE TYPE, 2023–2028 (USD MILLION) 122
TABLE 34 VEGETABLES: PLANT FACTORY MARKET, BY LEAFY GREENS TYPE, 2019–2022 (USD MILLION) 122
TABLE 35 VEGETABLES: PLANT FACTORY MARKET, BY LEAFY GREENS TYPE, 2023–2028 (USD MILLION) 123
TABLE 36 VEGETABLES: PLANT FACTORY MARKET, BY HERBS & MICROGREENS TYPE, 2019–2022 (USD MILLION) 123
TABLE 37 VEGETABLES: PLANT FACTORY MARKET, BY HERBS & MICROGREENS TYPE, 2023–2028 (USD MILLION) 123
TABLE 38 PLANT FACTORY MARKET, BY FRUIT TYPE, 2019–2022 (USD MILLION) 124
TABLE 39 PLANT FACTORY MARKET, BY FRUIT TYPE, 2023–2028 (USD MILLION) 124
TABLE 40 PLANT FACTORY MARKET, BY FLOWERS & ORNAMENTALS TYPE, 2019–2022 (USD MILLION) 124
TABLE 41 PLANT FACTORY MARKET, BY FLOWERS & ORNAMENTALS TYPE, 2023–2028 (USD MILLION) 124
8.2 FRUITS 125
8.2.1 YEAR-ROUND HARVEST, REDUCED WATER USAGE, AND MINIMAL DAMAGE POSSIBILITIES TO DRIVE MARKET 125
TABLE 42 FRUITS: PLANT FACTORY MARKET, BY REGION, 2019–2022 (USD MILLION) 126
TABLE 43 FRUITS: PLANT FACTORY MARKET, BY REGION, 2023–2028 (USD MILLION) 126
8.2.2 BERRIES 126
8.2.2.1 Growing popularity of berries as healthy and delicious food to fuel production in plant factories 126
8.2.3 OTHER FRUITS 127
8.3 VEGETABLES 128
8.3.1 CONSISTENT NUTRIENT LEVELS, REDUCED PESTICIDE USE, AND LONGER SHELF LIFE TO DRIVE DEMAND 128
TABLE 44 VEGETABLES: PLANT FACTORY MARKET, BY REGION, 2019–2022 (USD MILLION) 129
TABLE 45 VEGETABLES: PLANT FACTORY MARKET, BY REGION, 2023–2028 (USD MILLION) 129
8.3.2 TOMATO 129
8.3.2.1 Enhanced nutritive value and reduced negative environmental impact to drive demand 129
8.3.3 LEAFY GREENS 130
8.3.3.1 Enhanced shelf-life, increased food safety, and security of supply to grow demand for leafy greens 130
8.3.3.1.1 Lettuce 130
8.3.3.1.2 Kale 130
8.3.3.1.3 Spinach 131
8.3.3.1.4 Other leafy greens 131
8.3.4 EGGPLANT 132
8.3.4.1 High sensitivity to external conditions to augment production of eggplants in plant factories 132
8.3.5 HERBS & MICROGREENS 132
8.3.5.1 Need to retain peak flavor intensity of microgreens to drive production in plant factories 132
8.3.5.1.1 Basil 132
8.3.5.1.2 Herbs 133
8.3.5.1.3 Tarragon 133
8.3.5.1.4 Wheatgrass 133
8.3.6 OTHER VEGETABLES 134
8.4 FLOWERS & ORNAMENTALS 134
8.4.1 REQUIREMENT FOR COMPLETE CONTROL OVER NUTRITIONAL FLOW AND MONITOR PH LEVELS TO DRIVE MARKET 134
TABLE 46 FLOWERS & ORNAMENTALS: PLANT FACTORY MARKET, BY REGION, 2019–2022 (USD MILLION) 135
TABLE 47 FLOWERS & ORNAMENTALS: PLANT FACTORY MARKET, BY REGION, 2023–2028 (USD MILLION) 135
8.4.2 PERENNIALS 135
8.4.2.1 Ease of production to drive market for perennials produced in plant factories 135
8.4.3 ANNUALS 136
8.4.3.1 Wider cultivation of ornamental annuals in indoor farms and greenhouses to boost market 136
8.4.4 BIENNIAL 136
8.4.4.1 Longer growth periods of biennials supplemented by secure environments to propel market 136
8.5 OTHER CROP TYPES 136
TABLE 48 OTHER CROP TYPES: PLANT FACTORY MARKET, BY REGION, 2019–2022 (USD MILLION) 136
TABLE 49 OTHER CROP TYPES: PLANT FACTORY MARKET, BY REGION, 2023–2028 (USD MILLION) 137
9 PLANT FACTORY MARKET, BY FACILITY TYPE 138
9.1 INTRODUCTION 139
FIGURE 50 PLANT FACTORY MARKET, BY FACILITY TYPE, 2023 VS. 2028 (USD MILLION) 139
TABLE 50 PLANT FACTORY MARKET, BY FACILITY TYPE, 2019–2022 (USD MILLION) 140
TABLE 51 PLANT FACTORY MARKET, BY FACILITY TYPE, 2023–2028 (USD MILLION) 140
9.2 GREENHOUSES 140
9.2.1 NEED TO PRODUCE WIDER CROP VARIETIES AND PROVIDE HIGHER PROFITABILITY AND GROWTH PROSPECTS TO BOOST MARKET 140
TABLE 52 GREENHOUSES: PLANT FACTORY MARKET, BY REGION, 2019–2022 (USD MILLION) 141
TABLE 53 GREENHOUSES: PLANT FACTORY MARKET, BY REGION, 2023–2028 (USD MILLION) 141
9.3 INDOOR FARMS 142
9.3.1 NEED TO FACILITATE MORE THAN THREE-FOLD YIELD THAN TRADITIONAL FARMING TO BOOST DEMAND 142
TABLE 54 INDOOR FARMS: PLANT FACTORY MARKET, BY REGION, 2019–2022 (USD MILLION) 142
TABLE 55 INDOOR FARMS: PLANT FACTORY MARKET, BY REGION, 2023–2028 (USD MILLION) 143
9.4 OTHER FACILITY TYPES 143
TABLE 56 OTHER FACILITY TYPES: PLANT FACTORY MARKET, BY REGION, 2019–2022 (USD MILLION) 143
TABLE 57 OTHER FACILITY TYPES: PLANT FACTORY MARKET, BY REGION, 2023–2028 (USD MILLION) 144
10 PLANT FACTORY MARKET, BY LIGHT TYPE 145
10.1 INTRODUCTION 146
FIGURE 51 PLANT FACTORY MARKET, BY LIGHT TYPE, 2023 VS. 2028 (USD MILLION) 146
TABLE 58 PLANT FACTORY MARKET, BY LIGHT TYPE, 2019–2022 (USD MILLION) 146
TABLE 59 PLANT FACTORY MARKET, BY LIGHT TYPE, 2023–2028 (USD MILLION) 147
10.2 FULL ARTIFICIAL LIGHT 147
10.2.1 NEED FOR PRECISE CONTROL OF GROWING CONDITIONS AND YEAR-ROUND PRODUCTION OF CROPS TO DRIVE MARKET 147
TABLE 60 FULL ARTIFICIAL LIGHT: PLANT FACTORY MARKET, BY REGION, 2019–2022 (USD MILLION) 148
TABLE 61 FULL ARTIFICIAL LIGHT: PLANT FACTORY MARKET, BY REGION, 2023–2028 (USD MILLION) 148
10.3 SUNLIGHT 148
10.3.1 NEED TO REDUCE ENERGY CONSUMPTION, DECREASE PRODUCTION COSTS, AND IMPROVE CROP QUALITY TO PROPEL MARKET 148
TABLE 62 SUNLIGHT: PLANT FACTORY MARKET, BY REGION, 2019–2022 (USD MILLION) 149
TABLE 63 SUNLIGHT: PLANT FACTORY MARKET, BY REGION, 2023–2028 (USD MILLION) 150
11 PLANT FACTORY MARKET, BY REGION 151
11.1 INTRODUCTION 152
TABLE 64 PLANT FACTORY MARKET, BY REGION, 2019–2022 (USD MILLION) 153
TABLE 65 PLANT FACTORY MARKET, BY REGION, 2023–2028 (USD MILLION) 153
11.2 ASIA PACIFIC 154
11.2.1 ASIA PACIFIC: RECESSION IMPACT ANALYSIS 154
FIGURE 52 ASIA PACIFIC PLANT FACTORY MARKET: RECESSION IMPACT ANALYSIS 155
TABLE 66 ASIA PACIFIC: PLANT FACTORY MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 156
TABLE 67 ASIA PACIFIC: PLANT FACTORY MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 156
TABLE 68 ASIA PACIFIC: PLANT FACTORY MARKET, BY GROWING SYSTEM, 2019–2022 (USD MILLION) 156
TABLE 69 ASIA PACIFIC: PLANT FACTORY MARKET, BY GROWING SYSTEM, 2023–2028 (USD MILLION) 157
TABLE 70 ASIA PACIFIC: PLANT FACTORY MARKET, BY NON-SOIL-BASED GROWING SYSTEM, 2019–2022 (USD MILLION) 157
TABLE 71 ASIA PACIFIC: PLANT FACTORY MARKET, BY NON-SOIL-BASED GROWING SYSTEM, 2023–2028 (USD MILLION) 157
TABLE 72 ASIA PACIFIC: PLANT FACTORY MARKET, BY FACILITY TYPE, 2019–2022 (USD MILLION) 158
TABLE 73 ASIA PACIFIC: PLANT FACTORY MARKET, BY FACILITY TYPE, 2023–2028 (USD MILLION) 158
TABLE 74 ASIA PACIFIC: PLANT FACTORY MARKET, BY LIGHT TYPE, 2019–2022 (USD MILLION) 158
TABLE 75 ASIA PACIFIC: PLANT FACTORY MARKET, BY LIGHT TYPE, 2023–2028 (USD MILLION) 158
TABLE 76 ASIA PACIFIC: PLANT FACTORY MARKET, BY CROP TYPE, 2019–2022 (USD MILLION) 159
TABLE 77 ASIA PACIFIC: PLANT FACTORY MARKET, BY CROP TYPE, 2023–2028 (USD MILLION) 159
11.2.2 CHINA 159
11.2.2.1 Youth opting to live in cities and population of agricultural workers getting older to drive market 159
TABLE 78 CHINA: PLANT FACTORY MARKET, BY GROWING SYSTEM, 2019–2022 (USD MILLION) 160
TABLE 79 CHINA: PLANT FACTORY MARKET, BY GROWING SYSTEM, 2023–2028 (USD MILLION) 160
TABLE 80 CHINA: PLANT FACTORY MARKET, BY FACILITY TYPE, 2019–2022 (USD MILLION) 160
TABLE 81 CHINA: PLANT FACTORY MARKET, BY FACILITY TYPE, 2023–2028 (USD MILLION) 161
11.2.3 JAPAN 161
11.2.3.1 Advancements in automation and AI technologies and availability of limited space to propel market 161
TABLE 82 JAPAN: PLANT FACTORY MARKET, BY GROWING SYSTEM, 2019–2022 (USD MILLION) 161
TABLE 83 JAPAN: PLANT FACTORY MARKET, BY GROWING SYSTEM, 2023–2028 (USD MILLION) 162
TABLE 84 JAPAN: PLANT FACTORY MARKET, BY FACILITY TYPE, 2019–2022 (USD MILLION) 162
TABLE 85 JAPAN: PLANT FACTORY MARKET, BY FACILITY TYPE, 2023–2028 (USD MILLION) 162
11.2.4 SINGAPORE 162
11.2.4.1 Food security concerns, extensive R&D, and adoption of technical advancements to propel market 162
TABLE 86 SINGAPORE: PLANT FACTORY MARKET, BY GROWING SYSTEM, 2019–2022 (USD MILLION) 163
TABLE 87 SINGAPORE: PLANT FACTORY MARKET, BY GROWING SYSTEM, 2023–2028 (USD MILLION) 163
TABLE 88 SINGAPORE: PLANT FACTORY MARKET, BY FACILITY TYPE, 2019–2022 (USD MILLION) 164
TABLE 89 SINGAPORE: PLANT FACTORY MARKET, BY FACILITY TYPE, 2023–2028 (USD MILLION) 164
11.2.5 INDIA 164
11.2.5.1 Rising concerns about food security and growing population to drive demand for plant factories 164
TABLE 90 INDIA: PLANT FACTORY MARKET, BY GROWING SYSTEM, 2019–2022 (USD MILLION) 165
TABLE 91 INDIA: PLANT FACTORY MARKET, BY GROWING SYSTEM, 2023–2028 (USD MILLION) 165
TABLE 92 INDIA: PLANT FACTORY MARKET, BY FACILITY TYPE, 2019–2022 (USD MILLION) 166
TABLE 93 INDIA: PLANT FACTORY MARKET, BY FACILITY TYPE, 2023–2028 (USD MILLION) 166
11.2.6 AUSTRALIA & NEW ZEALAND 166
11.2.6.1 Harsh climatic conditions, need to reduce reliance on imported products, and scarcity of fresh water to drive market 166
TABLE 94 AUSTRALIA & NEW ZEALAND: PLANT FACTORY MARKET, BY GROWING SYSTEM, 2019–2022 (USD MILLION) 167
TABLE 95 AUSTRALIA & NEW ZEALAND: PLANT FACTORY MARKET, BY GROWING SYSTEM, 2023–2028 (USD MILLION) 167
TABLE 96 AUSTRALIA & NEW ZEALAND: PLANT FACTORY MARKET, BY FACILITY TYPE, 2019–2022 (USD MILLION) 168
TABLE 97 AUSTRALIA & NEW ZEALAND: PLANT FACTORY MARKET, BY FACILITY TYPE, 2023–2028 (USD MILLION) 168
11.2.7 SOUTH KOREA 168
11.2.7.1 Favorable government legislation and investments by major players 168
TABLE 98 SOUTH KOREA: PLANT FACTORY MARKET, BY GROWING SYSTEM, 2019–2022 (USD MILLION) 169
TABLE 99 SOUTH KOREA: PLANT FACTORY MARKET, BY GROWING SYSTEM, 2023–2028 (USD MILLION) 169
TABLE 100 SOUTH KOREA: PLANT FACTORY MARKET, BY FACILITY TYPE, 2019–2022 (USD MILLION) 170
TABLE 101 SOUTH KOREA: PLANT FACTORY MARKET, BY FACILITY TYPE, 2023–2028 (USD MILLION) 170
11.2.8 TAIWAN 170
11.2.8.1 Limited agricultural land and destructive calamities to drive demand for plant factories 170
TABLE 102 TAIWAN: PLANT FACTORY MARKET, BY GROWING SYSTEM, 2019–2022 (USD MILLION) 171
TABLE 103 TAIWAN: PLANT FACTORY MARKET, BY GROWING SYSTEM, 2023–2028 (USD MILLION) 171
TABLE 104 TAIWAN: PLANT FACTORY MARKET, BY FACILITY TYPE, 2019–2022 (USD MILLION) 171
TABLE 105 TAIWAN: PLANT FACTORY MARKET, BY FACILITY TYPE, 2023–2028 (USD MILLION) 171
11.2.9 REST OF ASIA PACIFIC 172
TABLE 106 REST OF ASIA PACIFIC: PLANT FACTORY MARKET, BY GROWING SYSTEM, 2019–2022 (USD MILLION) 172
TABLE 107 REST OF ASIA PACIFIC: PLANT FACTORY MARKET, BY GROWING SYSTEM, 2023–2028 (USD MILLION) 173
TABLE 108 REST OF ASIA PACIFIC: PLANT FACTORY MARKET, BY FACILITY TYPE, 2019–2022 (USD MILLION) 173
TABLE 109 REST OF ASIA PACIFIC: PLANT FACTORY MARKET, BY FACILITY TYPE, 2023–2028 (USD MILLION) 173
11.3 EUROPE 173
11.3.1 EUROPE: RECESSION IMPACT ANALYSIS 175
FIGURE 53 EUROPEAN PLANT FACTORY MARKET: RECESSION IMPACT ANALYSIS 176
FIGURE 54 EUROPE: PLANT FACTORY MARKET SNAPSHOT 177
TABLE 110 EUROPE: PLANT FACTORY MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 178
TABLE 111 EUROPE: PLANT FACTORY MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 178
TABLE 112 EUROPE: PLANT FACTORY MARKET, BY GROWING SYSTEM, 2019–2022 (USD MILLION) 178
TABLE 113 EUROPE: PLANT FACTORY MARKET, BY GROWING SYSTEM, 2023–2028 (USD MILLION) 179
TABLE 114 EUROPE: PLANT FACTORY MARKET, BY NON-SOIL-BASED GROWING SYSTEM, 2019–2022 (USD MILLION) 179
TABLE 115 EUROPE: PLANT FACTORY MARKET, BY NON-SOIL-BASED GROWING SYSTEM, 2023–2028 (USD MILLION) 179
TABLE 116 EUROPE: PLANT FACTORY MARKET, BY FACILITY TYPE, 2019–2022 (USD MILLION) 179
TABLE 117 EUROPE: PLANT FACTORY MARKET, BY FACILITY TYPE, 2023–2028 (USD MILLION) 180
TABLE 118 EUROPE: PLANT FACTORY MARKET, BY LIGHT TYPE, 2019–2022 (USD MILLION) 180
TABLE 119 EUROPE: PLANT FACTORY MARKET, BY LIGHT TYPE, 2023–2028 (USD MILLION) 180
TABLE 120 EUROPE: PLANT FACTORY MARKET, BY CROP TYPE, 2019–2022 (USD MILLION) 180
TABLE 121 EUROPE: PLANT FACTORY MARKET, BY CROP TYPE, 2023–2028 (USD MILLION) 181
11.3.2 NETHERLANDS 181
11.3.2.1 Higher prices and increasing export volume of agricultural products to drive demand for efficient farming 181
TABLE 122 NETHERLANDS: PLANT FACTORY MARKET, BY GROWING SYSTEM, 2019–2022 (USD MILLION) 182
TABLE 123 NETHERLANDS: PLANT FACTORY MARKET, BY GROWING SYSTEM, 2023–2028 (USD MILLION) 182
TABLE 124 NETHERLANDS: PLANT FACTORY MARKET, BY FACILITY TYPE, 2019–2022 (USD MILLION) 182
TABLE 125 NETHERLANDS: PLANT FACTORY MARKET, BY FACILITY TYPE, 2023–2028 (USD MILLION) 183
11.3.3 SPAIN 183
11.3.3.1 Increasing investments and advanced setups to achieve higher volumes of products to drive market 183
TABLE 126 SPAIN: PLANT FACTORY MARKET, BY GROWING SYSTEM, 2019–2022 (USD MILLION) 184
TABLE 127 SPAIN: PLANT FACTORY MARKET, BY GROWING SYSTEM, 2023–2028 (USD MILLION) 184
TABLE 128 SPAIN: PLANT FACTORY MARKET, BY FACILITY TYPE, 2019–2022 (USD MILLION) 184
TABLE 129 SPAIN: PLANT FACTORY MARKET, BY FACILITY TYPE, 2023–2028 (USD MILLION) 184
11.3.4 ITALY 185
11.3.4.1 Rising organic croplands and demand for out-of-season products to boost demand for plant factories 185
TABLE 130 ITALY: PLANT FACTORY MARKET, BY GROWING SYSTEM, 2019–2022 (USD MILLION) 185
TABLE 131 ITALY: PLANT FACTORY MARKET, BY GROWING SYSTEM, 2023–2028 (USD MILLION) 186
TABLE 132 ITALY: PLANT FACTORY MARKET, BY FACILITY TYPE, 2019–2022 (USD MILLION) 186
TABLE 133 ITALY: PLANT FACTORY MARKET, BY FACILITY TYPE, 2023–2028 (USD MILLION) 186
11.3.5 UK 186
11.3.5.1 Shortage of agricultural workers and regulations and restrictions due to Brexit to propel market 186
TABLE 134 UK: PLANT FACTORY MARKET, BY GROWING SYSTEM, 2019–2022 (USD MILLION) 187
TABLE 135 UK: PLANT FACTORY MARKET, BY GROWING SYSTEM, 2023–2028 (USD MILLION) 187
TABLE 136 UK: PLANT FACTORY MARKET, BY FACILITY TYPE, 2019–2022 (USD MILLION) 188
TABLE 137 UK: PLANT FACTORY MARKET, BY FACILITY TYPE, 2023–2028 (USD MILLION) 188
11.3.6 FRANCE 188
11.3.6.1 Decline in agricultural land and continuous urbanization to lead to gradual adoption of modern farming techniques 188
TABLE 138 FRANCE: PLANT FACTORY MARKET, BY GROWING SYSTEM, 2019–2022 (USD MILLION) 189
TABLE 139 FRANCE: PLANT FACTORY MARKET, BY GROWING SYSTEM, 2023–2028 (USD MILLION) 189
TABLE 140 FRANCE: PLANT FACTORY MARKET, BY FACILITY TYPE, 2019–2022 (USD MILLION) 189
TABLE 141 FRANCE: PLANT FACTORY MARKET, BY FACILITY TYPE, 2023–2028 (USD MILLION) 190
11.3.7 TURKEY 190
11.3.7.1 Availability of alternative energy sources and growing interest in soilless crop cultivation to boost market 190
TABLE 142 TURKEY: PLANT FACTORY MARKET, BY GROWING SYSTEM, 2019–2022 (USD MILLION) 191
TABLE 143 TURKEY: PLANT FACTORY MARKET, BY GROWING SYSTEM, 2023–2028 (USD MILLION) 191
TABLE 144 TURKEY: PLANT FACTORY MARKET, BY FACILITY TYPE, 2019–2022 (USD MILLION) 191
TABLE 145 TURKEY: PLANT FACTORY MARKET, BY FACILITY TYPE, 2023–2028 (USD MILLION) 191
11.3.8 REST OF EUROPE 192
TABLE 146 REST OF EUROPE: PLANT FACTORY MARKET, BY GROWING SYSTEM, 2019–2022 (USD MILLION) 192
TABLE 147 REST OF EUROPE: PLANT FACTORY MARKET, BY GROWING SYSTEM, 2023–2028 (USD MILLION) 193
TABLE 148 REST OF EUROPE: PLANT FACTORY MARKET, BY FACILITY TYPE, 2019–2022 (USD MILLION) 193
TABLE 149 REST OF EUROPE: PLANT FACTORY MARKET, BY FACILITY TYPE, 2023–2028 (USD MILLION) 193
11.4 NORTH AMERICA 194
11.4.1 NORTH AMERICA: RECESSION IMPACT ANALYSIS 195
FIGURE 55 NORTH AMERICAN PLANT FACTORY MARKET: RECESSION IMPACT ANALYSIS 196
TABLE 150 NORTH AMERICA: PLANT FACTORY MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 196
TABLE 151 NORTH AMERICA: PLANT FACTORY MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 197
TABLE 152 NORTH AMERICA: PLANT FACTORY MARKET, BY GROWING SYSTEM, 2019–2022 (USD MILLION) 197
TABLE 153 NORTH AMERICA: PLANT FACTORY MARKET, BY GROWING SYSTEM, 2023–2028 (USD MILLION) 197
TABLE 154 NORTH AMERICA: PLANT FACTORY MARKET, BY NON-SOIL-BASED GROWING SYSTEM, 2019–2022 (USD MILLION) 198
TABLE 155 NORTH AMERICA: PLANT FACTORY MARKET, BY NON-SOIL-BASED GROWING SYSTEM, 2023–2028 (USD MILLION) 198
TABLE 156 NORTH AMERICA: PLANT FACTORY MARKET, BY FACILITY TYPE, 2019–2022 (USD MILLION) 198
TABLE 157 NORTH AMERICA: PLANT FACTORY MARKET, BY FACILITY TYPE, 2023–2028 (USD MILLION) 199
TABLE 158 NORTH AMERICA: PLANT FACTORY MARKET, BY LIGHT TYPE, 2019–2022 (USD MILLION) 199
TABLE 159 NORTH AMERICA: PLANT FACTORY MARKET, BY LIGHT TYPE, 2023–2028 (USD MILLION) 199
TABLE 160 NORTH AMERICA: PLANT FACTORY MARKET, BY CROP TYPE, 2019–2022 (USD MILLION) 199
TABLE 161 NORTH AMERICA: PLANT FACTORY MARKET, BY CROP TYPE, 2023–2028 (USD MILLION) 200
11.4.2 US 200
11.4.2.1 Loss of favorable farmlands and need to boost overall crop productivity to drive demand for plant factories 200
TABLE 162 US: PLANT FACTORY MARKET, BY GROWING SYSTEM, 2019–2022 (USD MILLION) 201
TABLE 163 US: PLANT FACTORY MARKET, BY GROWING SYSTEM, 2023–2028 (USD MILLION) 201
TABLE 164 US: PLANT FACTORY MARKET, BY FACILITY TYPE, 2019–2022 (USD MILLION) 201
TABLE 165 US: PLANT FACTORY MARKET, BY FACILITY TYPE, 2023–2028 (USD MILLION) 202
11.4.3 CANADA 202
11.4.3.1 Unfavorable weather conditions and awareness of modern farming techniques to drive market 202
TABLE 166 CANADA: PLANT FACTORY MARKET, BY GROWING SYSTEM, 2019–2022 (USD MILLION) 203
TABLE 167 CANADA: PLANT FACTORY MARKET, BY GROWING SYSTEM, 2023–2028 (USD MILLION) 203
TABLE 168 CANADA: PLANT FACTORY MARKET, BY FACILITY TYPE, 2019–2022 (USD MILLION) 203
TABLE 169 CANADA: PLANT FACTORY MARKET, BY FACILITY TYPE, 2023–2028 (USD MILLION) 204
11.4.4 MEXICO 204
11.4.4.1 Need to reduce carbon footprint and crop cultivation in water scarcity to drive demand for plant factories 204
TABLE 170 MEXICO: PLANT FACTORY MARKET, BY GROWING SYSTEM, 2019–2022 (USD MILLION) 205
TABLE 171 MEXICO: PLANT FACTORY MARKET, BY GROWING SYSTEM, 2023–2028 (USD MILLION) 205
TABLE 172 MEXICO: PLANT FACTORY MARKET, BY FACILITY TYPE, 2019–2022 (USD MILLION) 205
TABLE 173 MEXICO: PLANT FACTORY MARKET, BY FACILITY TYPE, 2023–2028 (USD MILLION) 206
11.5 `REST OF THE WORLD 206
11.5.1 ROW: RECESSION IMPACT ANALYSIS 206
FIGURE 56 ROW PLANT FACTORY MARKET: RECESSION IMPACT ANALYSIS 208
TABLE 174 ROW: PLANT FACTORY MARKET, BY SUBREGION, 2019–2022 (USD MILLION) 208
TABLE 175 ROW: PLANT FACTORY MARKET, BY SUBREGION, 2023–2028 (USD MILLION) 209
TABLE 176 ROW: PLANT FACTORY MARKET, BY GROWING SYSTEM, 2019–2022 (USD MILLION) 209
TABLE 177 ROW: PLANT FACTORY MARKET, BY GROWING SYSTEM, 2023–2028 (USD MILLION) 209
TABLE 178 ROW: PLANT FACTORY MARKET, BY NON-SOIL-BASED GROWING SYSTEM, 2019–2022 (USD MILLION) 209
TABLE 179 ROW: PLANT FACTORY MARKET, BY NON-SOIL-BASED GROWING SYSTEM, 2023–2028 (USD MILLION) 210
TABLE 180 ROW: PLANT FACTORY MARKET, BY FACILITY TYPE, 2019–2022 (USD MILLION) 210
TABLE 181 ROW: PLANT FACTORY MARKET, BY FACILITY TYPE, 2023–2028 (USD MILLION) 210
TABLE 182 ROW: PLANT FACTORY MARKET, BY LIGHT TYPE, 2019–2022 (USD MILLION) 210
TABLE 183 ROW: PLANT FACTORY MARKET, BY LIGHT TYPE, 2023–2028 (USD MILLION) 211
TABLE 184 ROW: PLANT FACTORY MARKET, BY CROP TYPE, 2019–2022 (USD MILLION) 211
TABLE 185 ROW: PLANT FACTORY MARKET, BY CROP TYPE, 2023–2028 (USD MILLION) 211
11.5.2 AFRICA 211
11.5.2.1 Integration of technologies and government initiatives to augment agricultural sector to drive market 211
TABLE 186 AFRICA: PLANT FACTORY MARKET, BY GROWING SYSTEM, 2019–2022 (USD MILLION) 212
TABLE 187 AFRICA: PLANT FACTORY MARKET, BY GROWING SYSTEM, 2023–2028 (USD MILLION) 212
TABLE 188 AFRICA: PLANT FACTORY MARKET, BY FACILITY TYPE, 2019–2022 (USD MILLION) 213
TABLE 189 AFRICA: PLANT FACTORY MARKET, BY FACILITY TYPE, 2023–2028 (USD MILLION) 213
11.5.3 MIDDLE EAST 213
11.5.3.1 Lack of fresh water for agriculture and arable land to augment demand for CEA practices 213
TABLE 190 MIDDLE EAST: PLANT FACTORY MARKET, BY GROWING SYSTEM, 2019–2022 (USD MILLION) 214
TABLE 191 MIDDLE EAST: PLANT FACTORY MARKET, BY GROWING SYSTEM, 2023–2028 (USD MILLION) 214
TABLE 192 MIDDLE EAST: PLANT FACTORY MARKET, BY FACILITY TYPE, 2019–2022 (USD MILLION) 214
TABLE 193 MIDDLE EAST: PLANT FACTORY MARKET, BY FACILITY TYPE, 2023–2028 (USD MILLION) 215
11.6 SOUTH AMERICA 215
11.7 SOUTH AMERICA: RECESSION IMPACT ANALYSIS 215
FIGURE 57 SOUTH AMERICAN PLANT FACTORY MARKET: RECESSION IMPACT ANALYSIS 217
TABLE 194 SOUTH AMERICA: PLANT FACTORY MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 217
TABLE 195 SOUTH AMERICA: PLANT FACTORY MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 218
TABLE 196 SOUTH AMERICA: PLANT FACTORY MARKET, BY GROWING SYSTEM, 2019–2022 (USD MILLION) 218
TABLE 197 SOUTH AMERICA: PLANT FACTORY MARKET, BY GROWING SYSTEM, 2023–2028 (USD MILLION) 218
TABLE 198 SOUTH AMERICA: PLANT FACTORY MARKET, BY NON-SOIL-BASED GROWING SYSTEM, 2019–2022 (USD MILLION) 219
TABLE 199 SOUTH AMERICA: PLANT FACTORY MARKET, BY NON-SOIL-BASED GROWING SYSTEM, 2023–2028 (USD MILLION) 219
TABLE 200 SOUTH AMERICA: PLANT FACTORY MARKET, BY FACILITY TYPE, 2019–2022 (USD MILLION) 219
TABLE 201 SOUTH AMERICA: PLANT FACTORY MARKET, BY FACILITY TYPE, 2023–2028 (USD MILLION) 220
TABLE 202 SOUTH AMERICA: PLANT FACTORY MARKET, BY LIGHT TYPE, 2019–2022 (USD MILLION) 220
TABLE 203 SOUTH AMERICA: PLANT FACTORY MARKET, BY LIGHT TYPE, 2023–2028 (USD MILLION) 220
TABLE 204 SOUTH AMERICA: PLANT FACTORY MARKET, BY CROP TYPE, 2019–2022 (USD MILLION) 220
TABLE 205 SOUTH AMERICA: PLANT FACTORY MARKET, BY CROP TYPE, 2023–2028 (USD MILLION) 221
11.7.1 BRAZIL 221
11.7.1.1 Limited water resources and increasing population to drive adoption rate of plant factories 221
TABLE 206 BRAZIL: PLANT FACTORY MARKET, BY GROWING SYSTEM, 2019–2022 (USD MILLION) 222
TABLE 207 BRAZIL: PLANT FACTORY MARKET, BY GROWING SYSTEM, 2023–2028 (USD MILLION) 222
TABLE 208 BRAZIL: PLANT FACTORY MARKET, BY FACILITY TYPE, 2019–2022 (USD MILLION) 222
TABLE 209 BRAZIL: PLANT FACTORY MARKET, BY FACILITY TYPE, 2023–2028 (USD MILLION) 222
11.7.2 ARGENTINA 223
11.7.2.1 Surge in food consumption and necessity to establish reliable and secure food supply to drive demand for plant factories 223
TABLE 210 ARGENTINA: PLANT FACTORY MARKET, BY GROWING SYSTEM, 2019–2022 (USD MILLION) 223
TABLE 211 ARGENTINA: PLANT FACTORY MARKET, BY GROWING SYSTEM, 2023–2028 (USD MILLION) 224
TABLE 212 ARGENTINA: PLANT FACTORY MARKET, BY FACILITY TYPE, 2019–2022 (USD MILLION) 224
TABLE 213 ARGENTINA: PLANT FACTORY MARKET, BY FACILITY TYPE, 2023–2028 (USD MILLION) 224
11.7.3 REST OF SOUTH AMERICA 224
TABLE 214 REST OF SOUTH AMERICA: PLANT FACTORY MARKET, BY GROWING SYSTEM, 2019–2022 (USD MILLION) 225
TABLE 215 REST OF SOUTH AMERICA: PLANT FACTORY MARKET, BY GROWING SYSTEM, 2023–2028 (USD MILLION) 225
TABLE 216 REST OF SOUTH AMERICA: PLANT FACTORY MARKET, BY FACILITY TYPE, 2019–2022 (USD MILLION) 225
TABLE 217 REST OF SOUTH AMERICA: PLANT FACTORY MARKET, BY FACILITY TYPE, 2023–2028 (USD MILLION) 226
12 COMPETITIVE LANDSCAPE 227
12.1 OVERVIEW 227
12.2 MARKET SHARE ANALYSIS, 2022 227
TABLE 218 PLANT FACTORY MARKET: DEGREE OF COMPETITION (FRAGMENTED) 228
12.3 STRATEGIES ADOPTED BY KEY PLAYERS 228
TABLE 219 STRATEGIES ADOPTED BY KEY PLANT FACTORY MANUFACTURERS 228
12.4 COMPANY EVALUATION QUADRANT (KEY PLAYERS) 229
12.4.1 STARS 229
12.4.2 EMERGING LEADERS 229
12.4.3 PERVASIVE PLAYERS 229
12.4.4 PARTICIPANTS 229
FIGURE 58 PLANT FACTORY MARKET: COMPANY EVALUATION QUADRANT, 2022 (KEY PLAYERS) 230
12.4.5 PRODUCT FOOTPRINT 231
TABLE 220 CROP TYPE: COMPANY FOOTPRINT 231
TABLE 221 FACILITY TYPE: COMPANY FOOTPRINT 231
TABLE 222 REGION: COMPANY FOOTPRINT 232
TABLE 223 OVERALL COMPANY FOOTPRINT 232
12.5 PLANT FACTORY MARKET, EVALUATION QUADRANT FOR STARTUPS/SMES, 2022 233
12.5.1 PROGRESSIVE COMPANIES 233
12.5.2 STARTING BLOCKS 233
12.5.3 RESPONSIVE COMPANIES 233
12.5.4 DYNAMIC COMPANIES 233
FIGURE 59 PLANT FACTORY MARKET: COMPANY EVALUATION QUADRANT, 2022 (STARTUP/SME) 234
12.5.5 COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES 235
TABLE 224 PLANT FACTORY MARKET: DETAILED LIST OF KEY STARTUPS/SMES 235
TABLE 225 PLANT FACTORY MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES 236
12.6 COMPETITIVE SCENARIO 237
12.6.1 DEALS 237
TABLE 226 PLANT FACTORY MARKET: DEALS, 2018–2023 237
12.6.2 OTHERS 240
TABLE 227 PLANT FACTORY MARKET: OTHERS, 2018–2023 240
13 COMPANY PROFILES 246
13.1 INTRODUCTION 246
(Business overview, Products/Solutions/Services offered, Recent Developments, MNM view)*
13.2 KEY PLAYERS 246
13.2.1 AEROFARMS 246
TABLE 228 AEROFARMS: BUSINESS OVERVIEW 246
TABLE 229 AEROFARMS: PRODUCTS/SOLUTIONS/SERVICES OFFERED 247
TABLE 230 AEROFARMS: NEW PRODUCT LAUNCHES 247
TABLE 231 AEROFARMS: PLANT FACTORY MARKET: DEALS 248
TABLE 232 AEROFARMS: PLANT FACTORY MARKET: OTHERS 249
13.2.2 GOTHAM GREENS 252
TABLE 233 GOTHAM GREENS: BUSINESS OVERVIEW 252
TABLE 234 GOTHAM GREENS: PRODUCTS/SOLUTIONS/SERVICES OFFERED 252
TABLE 235 GOTHAM GREENS: PLANT FACTORY MARKET: OTHERS 254
13.2.3 BOWERY FARMING INC. 256
TABLE 236 BOWERY FARMING INC.: BUSINESS OVERVIEW 256
TABLE 237 BOWERY FARMING INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 257
TABLE 238 BOWERY FARMING INC.: PLANT FACTORY MARKET: DEALS 258
TABLE 239 BOWERY FARMING INC.: PLANT FACTORY MARKET: OTHERS 259
13.2.4 OISHII 260
TABLE 240 OISHII: BUSINESS OVERVIEW 260
TABLE 241 OISHII: PRODUCTS/SOLUTIONS/SERVICES OFFERED 260
13.2.5 PLENTY UNLIMITED INC. 262
TABLE 242 PLENTY UNLIMITED INC.: BUSINESS OVERVIEW 262
TABLE 243 PLENTY UNLIMITED INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 262
TABLE 244 PLENTY UNLIMITED INC.: PLANT FACTORY MARKET: DEALS 263
TABLE 245 PLENTY UNLIMITED INC.: PLANT FACTORY MARKET: OTHERS 263
13.2.6 MIRAI 265
TABLE 246 MIRAI: BUSINESS OVERVIEW 265
TABLE 247 MIRAI: PRODUCTS/SOLUTIONS/SERVICES OFFERED 265
TABLE 248 MIRAI: PLANT FACTORY MARKET: DEALS 266
13.2.7 AGRICOOL 268
TABLE 249 AGRICOOL: BUSINESS OVERVIEW 268
TABLE 250 AGRICOOL: PRODUCTS/SOLUTIONS/SERVICES OFFERED 268
13.2.8 APPHARVEST 270
TABLE 251 APPHARVEST: BUSINESS OVERVIEW 270
TABLE 252 APPHARVEST: PRODUCTS/SOLUTIONS/SERVICES OFFERED 270
TABLE 253 APPHARVEST: PLANT FACTORY MARKET: DEALS 271
TABLE 254 APPHARVEST: PLANT FACTORY MARKET: OTHERS 272
13.2.9 CROP ONE 273
TABLE 255 CROP ONE: BUSINESS OVERVIEW 273
TABLE 256 CROP ONE: PRODUCTS/SOLUTIONS/SERVICES OFFERED 273
TABLE 257 CROP ONE: PLANT FACTORY MARKET: DEALS 274
TABLE 258 CROP ONE: PLANT FACTORY MARKET: OTHERS 274
13.2.10 BRIGHTFARMS 276
TABLE 259 BRIGHTFARMS: BUSINESS OVERVIEW 276
TABLE 260 BRIGHTFARMS: PRODUCTS/SOLUTIONS/SERVICES OFFERED 276
TABLE 261 BRIGHTFARMS: PLANT FACTORY MARKET: OTHERS 277
13.3 OTHER PLAYERS 279
13.3.1 FARMINOVA PLANT FACTORY 279
TABLE 262 FARMINOVA PLANT FACTORY: BUSINESS OVERVIEW 279
TABLE 263 FARMINOVA PLANT FACTORY: PRODUCTS/SOLUTIONS/SERVICES OFFERED 279
13.3.2 TAIKISHA LTD. 281
TABLE 264 TAIKISHA LTD.: BUSINESS OVERVIEW 281
FIGURE 60 TAIKISHA LTD: COMPANY SNAPSHOT 282
TABLE 265 TAIKISHA LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 282
TABLE 266 TAIKISHA LTD.: PLANT FACTORY MARKET: OTHERS 283
13.3.3 IRON OX, INC. 284
TABLE 267 IRON OX, INC.: BUSINESS OVERVIEW 284
TABLE 268 IRON OX, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 284
TABLE 269 IRON OX, INC.: PLANT FACTORY MARKET: OTHERS 285
13.3.4 VERTICAL HARVEST 286
TABLE 270 VERTICAL HARVEST: BUSINESS OVERVIEW 286
TABLE 271 VERTICAL HARVEST: PRODUCTS/SOLUTIONS/SERVICES OFFERED 286
13.3.5 SMALLHOLD 288
TABLE 272 SMALLHOLD: BUSINESS OVERVIEW 288
TABLE 273 SMALLHOLD: PRODUCTS/SOLUTIONS/SERVICES OFFERED 288
13.3.6 BADIA FARMS 290
13.3.7 FARM.ONE INC. 291
13.3.8 KALERA INC. 292
13.3.9 SKY GREENS 293
13.3.10 DREAM HARVEST 294
*Details on Business overview, Products/Solutions/Services offered, Recent Developments, MNM view might not be captured in case of unlisted companies.
14 ADJACENT & RELATED MARKETS 295
14.1 INTRODUCTION 295
14.2 LIMITATIONS 295
14.3 HYDROPONICS MARKET 296
14.3.1 MARKET DEFINITION 296
14.3.2 MARKET OVERVIEW 296
14.3.3 HYDROPONICS MARKET, BY TYPE 296
14.3.3.1 Introduction 296
TABLE 274 HYDROPONICS MARKET, BY TYPE, 2019–2021 (USD MILLION) 297
TABLE 275 HYDROPONICS MARKET, BY TYPE, 2022–2027 (USD MILLION) 297
14.3.4 HYDROPONICS MARKET, BY REGION 298
14.3.4.1 Introduction 298
TABLE 276 HYDROPONIC TYPES MARKET, BY REGION, 2019–2021 (USD MILLION) 298
TABLE 277 HYDROPONIC TYPES MARKET, BY REGION, 2022–2027 (USD MILLION) 299
TABLE 278 HYDROPONIC INPUTS MARKET, BY REGION, 2019–2021 (USD MILLION) 299
TABLE 279 HYDROPONIC INPUTS MARKET, BY REGION, 2022–2027 (USD MILLION) 299
TABLE 280 HYDROPONIC CROP MARKET, BY REGION, 2019–2021 (USD MILLION) 300
TABLE 281 HYDROPONIC CROP MARKET, BY REGION, 2022–2027 (USD MILLION) 300
14.4 INDOOR FARMING TECHNOLOGY MARKET 300
14.4.1 MARKET DEFINITION 300
14.4.2 MARKET OVERVIEW 300
14.4.3 INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM 301
14.4.3.1 Introduction 301
TABLE 282 INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2015–2018 (USD MILLION) 301
TABLE 283 INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2019–2026 (USD MILLION) 301
14.4.4 INDOOR FARMING TECHNOLOGY MARKET, BY REGION 302
14.4.4.1 Introduction 302
TABLE 284 INDOOR FARMING TECHNOLOGY MARKET, BY REGION, 2015–2018 (USD MILLION) 302
TABLE 285 INDOOR FARMING TECHNOLOGY MARKET, BY REGION, 2019–2026 (USD MILLION) 303
15 APPENDIX 304
15.1 DISCUSSION GUIDE 304
15.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 309
15.3 CUSTOMIZATION OPTIONS 311
15.4 RELATED REPORTS 311
15.5 AUTHOR DETAILS 312