Global Plant Factory Market report from Global Insight Services is the single authoritative source of intelligence on Plant Factory Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
A plant factory is a facility in which plants are grown under controlled conditions. These facilities can be used to produce food, medicine, or other products. Plant factories may be used to grow crops in regions with limited space or resources, or to produce plants that are resistant to pests or diseases.
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Key Trends
One of the key trends in Plant Factory technology is the use of LED lighting. LEDs are more efficient than traditional incandescent bulbs, and they generate less heat.
Another key trend is the use of vertical farming techniques. In vertical farming, crops are grown in vertically stacked layers, with each layer having its own controlled environment.
Key Drivers
The key drivers of the plant factory market are the ever-increasing demand for food, the need for efficient and sustainable production methods, and the advances in technology that have made plant factories more efficient and cost-effective.
The demand for food is increasing globally as the population continues to grow. The United Nations estimates that the world population will reach 9.7 billion by 2050, which is an increase of more than 2 billion people from the current 7.3 billion.
Market Segmentation
By Facility Type
- Greenhouses
- Indoor farms
By Growing System
- Non-soil-based
- Soil-based
By Crop Type
- Fruits
- Vegetables
By Region
- North America
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Key Players
- Bright Farms
- Gotham Greens
- Aero Farms
- Bowery Farming
- AppHarvest
- Kalera
- Iron Ox
- Agricool
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