Global Plant Factory Market Size, Trends, By Facility (Indoor Farms, Greenhouses, and Others), By Light (Sunlight, Artificial Light), By Growing System (Soil-Based, Non-Soil-Based, Hybrid), By Crop Type (Fruits, Vegetables, Ornamentals, and Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East and Africa): Global Opportunity Analysis and Industry Forecast, 2023-2030.
Global Plant Factory Market
The Global Plant Factory Market was valued at US$ 135.61 Mn in 2022, estimated to reach US$ 221.84 Mn by 2030, with a CAGR of 6.21% from 2023-2030.
A plant factory is a high-tech agriculture facility that allows for year-round indoor cultivation of crops in a controlled environment. It is a closed-loop system that uses artificial lighting, hydroponics, and a controlled environment to maximize crop production and quality. Plant factories are gaining popularity as a way to address food security concerns, reduce the environmental impact of agriculture, and increase crop yields. They are particularly well-suited for urban areas where there may be limited access to land for traditional farming.
Market Drivers
The global market for plant factories is being driven by the growing demand for food due to the rising global population and increasing urbanization, which has led to a surge in demand for high-quality and nutrient-rich crops.
Additionally, the increasing need for year-round crop production and the ability to control environmental factors such as temperature, light, and humidity are boosting the adoption of plant factories. The rising awareness about the advantages of vertical farming techniques, including increased crop yield, efficient use of resources, and reduced environmental impact, is also driving the growth of the plant factory market.
Market Restraints
There are several factors that could restrain the growth of the global plant factory market, such as the high initial investment required, the lack of awareness and technical expertise regarding plant factories in certain regions, and the need for a stable power supply and high energy costs associated with operating a plant factory.
Moreover, the limited range of crops that can be cultivated in a plant factory and the lack of standardization in terms of quality and safety regulations could also hamper the growth of the market.
Market Segmentation
The scope of the global plant factory market covers segmentation based on facility, light, growing system, crop type, and region.
On the basis of the facility, the market is segmented into indoor farms, greenhouses, and others. Based on the light, the market is segmented into sunlight and artificial light.
Further, the market is segmented into the growing system, such as soil-based, non-soil-based, and hybrid. The market is also segmented into crop types, such as fruits, vegetables, ornamentals, and others.
Regional Analysis
The global plant factory market is segmented into 5 main regions, namely, North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Europe is a major market for plant factories due to the increasing demand for organic products, technological advancements, and favorable government regulations.
The North American market is expected to witness fast growth due to the increasing adoption of vertical farming, advancements in farming technology, and rising consumer demand for locally grown produce.
Key Players
Mirai, Plenty Unlimited Inc, Gotham Greens, Agricool, AppHarvest, Aerofarms, CropOne, Bowery Farming Inc, Oishii, Bright Farms, Lufa Farms, Farminova Plant Factory, etc.
Market Taxonomy
By Facility
• Indoor Farms
• Greenhouses
• Others
By Light
• Sunlight
• Artificial Light
By Growing System
• Soil-Based
• Non-Soil-Based
• Hybrid
By Crop Type
• Fruits
• Vegetables
• Ornamentals
• Others
By Region
• North America
o U.S.
o Canada
o Mexico
• Latin America
o Brazil
o Argentina
o Colombia
o Peru
o Chile
o Venezuela
o Rest of Latin America
• Europe
o Germany
o France
o UK
o Russia
o Italy
o Spain
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o South Korea
o Australia
o New Zealand
o Singapore
o Malaysia
o Rest of Asia Pacific
• Middle East & Africa
o Saudi Arabia
o UAE
o Egypt
o Kuwait
o South Africa
o Rest of Middle East & Africa
Key Questions Addressed by the Report
• What are the key opportunities in the Global Plant Factory Market?
• What will be the growth rate from 2023 to 2030?
• Which segment/region will have the highest growth?
• What are the factors that will impact/drive the market?
• What is the competitive landscape in the industry?
• What is the role of key players in the value chain?
Global Plant Factory Market
1 Introduction
1.1 Objective of the Study
1.2 Market Definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Plant Factory Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact due to Recent Energy Crisis
4.2.5 Cumulative Impact due to Nearing Economic Downturn
4.2.6 Post Covid-19 World Supply & Demand Conditions
4.2.7 Cumulative Impact of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Plant Factory Market, By Facility
5.1 Y-o-Y Growth Comparison, By Facility
5.2 Global Plant Factory Market Share Analysis, By Facility
5.3 Global Plant Factory Market Size and Forecast, By Facility
5.3.1 Indoor Farms
5.3.2 Greenhouses
5.3.3 Others
6 Global Plant Factory Market, By Light
6.1 Y-o-Y Growth Comparison, By Light
6.2 Global Plant Factory Market Share Analysis, By Light
6.3 Global Plant Factory Market Size and Forecast, By Light
6.3.1 Sunlight
6.3.2 Artificial Light
7 Global Plant Factory Market, By Growing System
7.1 Y-o-Y Growth Comparison, By Growing System
7.2 Global Plant Factory Market Share Analysis, By Growing System
7.3 Global Plant Factory Market Size and Forecast, By Growing System
7.3.1 Soil-Based
7.3.2 Non-Soil-Based
7.3.3 Hybrid
8 Global Plant Factory Market, By Crop Type
8.1 Y-o-Y Growth Comparison, By Crop Type
8.2 Global Plant Factory Market Share Analysis, By Crop Type
8.3 Global Plant Factory Market Size and Forecast, By Crop Type
8.3.1 Fruits
8.3.2 Vegetables
8.3.3 Ornamentals
8.3.4 Others
9 Global Plant Factory Market, By Region
9.1 Global Plant Factory Market Share Analysis, By Region
9.2 Global Plant Factory Market Size and Forecast, By Region
9.3 Global Plant Factory Market Trends and Forecast, By Region
10 North America Plant Factory Market Analysis and Forecast (2023-2030)
10.1 Introduction
10.2 North America Plant Factory Market Share Analysis, By Facility
10.3 North America Plant Factory Market Size and Forecast, By Light
10.4 North America Plant Factory Market Size and Forecast, By Growing System
10.5 North America Plant Factory Market Size and Forecast, By Crop Type
10.6 North America Plant Factory Market Size and Forecast, By Country
10.6.1 U.S.
10.6.1.1 Market Size and Forecast, By Facility
10.6.1.2 Market Size and Forecast, By Light
10.6.1.3 Market Size and Forecast, By Growing System
10.6.1.4 Market Size and Forecast, By Crop Type
10.6.2 Canada
10.6.2.1 Market Size and Forecast, By Facility
10.6.2.2 Market Size and Forecast, By Light
10.6.2.3 Market Size and Forecast, By Growing System
10.6.2.4 Market Size and Forecast, By Crop Type
10.6.3 Mexico
10.6.3.1 Market Size and Forecast, By Facility
10.6.3.2 Market Size and Forecast, By Light
10.6.3.3 Market Size and Forecast, By Growing System
10.6.3.4 Market Size and Forecast, By Crop Type
11 Europe Plant Factory Market Analysis and Forecast (2023-2030)
11.1 Introduction
11.2 Europe Plant Factory Market Share Analysis, By Facility
11.3 Europe Plant Factory Market Size and Forecast, By Light
11.4 Europe Plant Factory Market Size and Forecast, By Growing System
11.5 Europe Plant Factory Market Size and Forecast, By Crop Type
11.6 Europe Plant Factory Market Size and Forecast, By Country
11.6.1 Germany
11.6.1.1 Market Size and Forecast, By Facility
11.6.1.2 Market Size and Forecast, By Light
11.6.1.3 Market Size and Forecast, By Growing System
11.6.1.4 Market Size and Forecast, By Crop Type
11.6.2 France
11.6.2.1 Market Size and Forecast, By Facility
11.6.2.2 Market Size and Forecast, By Light
11.6.2.3 Market Size and Forecast, By Growing System
11.6.2.4 Market Size and Forecast, By Crop Type
11.6.3 UK
11.6.3.1 Market Size and Forecast, By Facility
11.6.3.2 Market Size and Forecast, By Light
11.6.3.3 Market Size and Forecast, By Growing System
11.6.3.4 Market Size and Forecast, By Crop Type
11.6.4 Russia
11.6.4.1 Market Size and Forecast, By Facility
11.6.4.2 Market Size and Forecast, By Light
11.6.4.3 Market Size and Forecast, By Growing System
11.6.4.4 Market Size and Forecast, By Crop Type
11.6.5 Italy
11.6.5.1 Market Size and Forecast, By Facility
11.6.5.2 Market Size and Forecast, By Light
11.6.5.3 Market Size and Forecast, By Growing System
11.6.5.4 Market Size and Forecast, By Crop Type
11.6.6 Spain
11.6.6.1 Market Size and Forecast, By Facility
11.6.6.2 Market Size and Forecast, By Light
11.6.6.3 Market Size and Forecast, By Growing System
11.6.6.4 Market Size and Forecast, By Crop Type
11.6.7 Rest of Europe
11.6.7.1 Market Size and Forecast, By Facility
11.6.7.2 Market Size and Forecast, By Light
11.6.7.3 Market Size and Forecast, By Growing System
11.6.7.4 Market Size and Forecast, By Crop Type
12 Asia Pacific Plant Factory Market Analysis and Forecast (2023-2030)
12.1 Introduction
12.2 Asia Pacific Plant Factory Market Share Analysis, By Facility
12.3 Asia Pacific Plant Factory Market Size and Forecast, By Light
12.4 Asia Pacific Plant Factory Market Size and Forecast, By Growing System
12.5 Asia Pacific Plant Factory Market Size and Forecast, By Crop Type
12.6 Asia Pacific Plant Factory Market Size and Forecast, By Country
12.6.1 China
12.6.1.1 Market Size and Forecast, By Facility
12.6.1.2 Market Size and Forecast, By Light
12.6.1.3 Market Size and Forecast, By Growing System
12.6.1.4 Market Size and Forecast, By Crop Type
12.6.2 Japan
12.6.2.1 Market Size and Forecast, By Facility
12.6.2.2 Market Size and Forecast, By Light
12.6.2.3 Market Size and Forecast, By Growing System
12.6.2.4 Market Size and Forecast, By Crop Type
12.6.3 India
12.6.3.1 Market Size and Forecast, By Facility
12.6.3.2 Market Size and Forecast, By Light
12.6.3.3 Market Size and Forecast, By Growing System
12.6.3.4 Market Size and Forecast, By Crop Type
12.6.4 South Korea
12.6.4.1 Market Size and Forecast, By Facility
12.6.4.2 Market Size and Forecast, By Light
12.6.4.3 Market Size and Forecast, By Growing System
12.6.4.4 Market Size and Forecast, By Crop Type
12.6.5 Australia
12.6.5.1 Market Size and Forecast, By Facility
12.6.5.2 Market Size and Forecast, By Light
12.6.5.3 Market Size and Forecast, By Growing System
12.6.5.4 Market Size and Forecast, By Crop Type
12.6.6 New Zealand
12.6.6.1 Market Size and Forecast, By Facility
12.6.6.2 Market Size and Forecast, By Light
12.6.6.3 Market Size and Forecast, By Growing System
12.6.6.4 Market Size and Forecast, By Crop Type
12.6.7 Singapore
12.6.7.1 Market Size and Forecast, By Facility
12.6.7.2 Market Size and Forecast, By Light
12.6.7.3 Market Size and Forecast, By Growing System
12.6.7.4 Market Size and Forecast, By Crop Type
12.6.8 Malaysia
12.6.8.1 Market Size and Forecast, By Facility
12.6.8.2 Market Size and Forecast, By Light
12.6.8.3 Market Size and Forecast, By Growing System
12.6.8.4 Market Size and Forecast, By Crop Type
12.6.9 Rest of Asia
12.6.9.1 Market Size and Forecast, By Facility
12.6.9.2 Market Size and Forecast, By Light
12.6.9.3 Market Size and Forecast, By Growing System
12.6.9.4 Market Size and Forecast, By Crop Type
13 Latin America Plant Factory Market Analysis and Forecast (2023-2030)
13.1 Introduction
13.2 Latin America Plant Factory Market Share Analysis, By Facility
13.3 Latin America Plant Factory Market Size and Forecast, By Light
13.4 Latin America Plant Factory Market Size and Forecast, By Growing System
13.5 Latin America Plant Factory Market Size and Forecast, By Crop Type
13.6 Latin America Plant Factory Market Size and Forecast, By Country
13.6.1 Brazil
13.6.1.1 Market Size and Forecast, By Facility
13.6.1.2 Market Size and Forecast, By Light
13.6.1.3 Market Size and Forecast, By Growing System
13.6.1.4 Market Size and Forecast, By Crop Type
13.6.2 Argentina
13.6.2.1 Market Size and Forecast, By Facility
13.6.2.2 Market Size and Forecast, By Light
13.6.2.3 Market Size and Forecast, By Growing System
13.6.2.4 Market Size and Forecast, By Crop Type
13.6.3 Colombia
13.6.3.1 Market Size and Forecast, By Facility
13.6.3.2 Market Size and Forecast, By Light
13.6.3.3 Market Size and Forecast, By Growing System
13.6.3.4 Market Size and Forecast, By Crop Type
13.6.4 Peru
13.6.4.1 Market Size and Forecast, By Facility
13.6.4.2 Market Size and Forecast, By Light
13.6.4.3 Market Size and Forecast, By Growing System
13.6.4.4 Market Size and Forecast, By Crop Type
13.6.5 Chile
13.6.5.1 Market Size and Forecast, By Facility
13.6.5.2 Market Size and Forecast, By Light
13.6.5.3 Market Size and Forecast, By Growing System
13.6.5.4 Market Size and Forecast, By Crop Type
13.6.6 Venezuela
13.6.6.1 Market Size and Forecast, By Facility
13.6.6.2 Market Size and Forecast, By Light
13.6.6.3 Market Size and Forecast, By Growing System
13.6.6.4 Market Size and Forecast, By Crop Type
13.6.7 Rest of Latin America
13.6.7.1 Market Size and Forecast, By Facility
13.6.7.2 Market Size and Forecast, By Light
13.6.7.3 Market Size and Forecast, By Growing System
13.6.7.4 Market Size and Forecast, By Crop Type
14 Middle East Plant Factory Market Analysis and Forecast (2023-2030)
14.1 Introduction
14.2 Middle East Plant Factory Market Share Analysis, By Facility
14.3 Middle East Plant Factory Market Size and Forecast, By Light
14.4 Middle East Plant Factory Market Size and Forecast, By Growing System
14.5 Middle East Plant Factory Market Size and Forecast, By Crop Type
14.6 Middle East Plant Factory Market Size and Forecast, By Country
14.6.1 Saudi Arabia
14.6.1.1 Market Size and Forecast, By Facility
14.6.1.2 Market Size and Forecast, By Light
14.6.1.3 Market Size and Forecast, By Growing System
14.6.1.4 Market Size and Forecast, By Crop Type
14.6.2 UAE
14.6.2.1 Market Size and Forecast, By Facility
14.6.2.2 Market Size and Forecast, By Light
14.6.2.3 Market Size and Forecast, By Growing System
14.6.2.4 Market Size and Forecast, By Crop Type
14.6.3 Egypt
14.6.3.1 Market Size and Forecast, By Facility
14.6.3.2 Market Size and Forecast, By Light
14.6.3.3 Market Size and Forecast, By Growing System
14.6.3.4 Market Size and Forecast, By Crop Type
14.6.4 Kuwait
14.6.4.1 Market Size and Forecast, By Facility
14.6.4.2 Market Size and Forecast, By Light
14.6.4.3 Market Size and Forecast, By Growing System
14.6.4.4 Market Size and Forecast, By Crop Type
14.6.5 South Africa
14.6.5.1 Market Size and Forecast, By Facility
14.6.5.2 Market Size and Forecast, By Light
14.6.5.3 Market Size and Forecast, By Growing System
14.6.5.4 Market Size and Forecast, By Crop Type
14.6.6 Rest of Middle East & Africa
14.6.6.1 Market Size and Forecast, By Facility
14.6.6.2 Market Size and Forecast, By Light
14.6.6.3 Market Size and Forecast, By Growing System
14.6.6.4 Market Size and Forecast, By Crop Type
15 Competitive Analysis
15.1 Competition Dashboard
15.2 Market share Analysis of Top Vendors
15.3 Key Development Strategies
16 Company Profiles
16.1 Mirai
16.1.2 Offerings
16.1.3 Key Financials
16.1.4 Business Segment & Geographic Overview
16.1.5 Key Market Developments
16.1.6 Key Strategies
16.2 Plenty Unlimited Inc
16.2.1 Overview
16.2.2 Offerings
16.2.3 Key Financials
16.2.4 Business Segment & Geographic Overview
16.2.5 Key Market Developments
16.2.6 Key Strategies
16.3 Gotham Greens
16.3.1 Overview
16.3.2 Offerings
16.3.3 Key Financials
16.3.4 Business Segment & Geographic Overview
16.3.5 Key Market Developments
16.3.6 Key Strategies
16.4 Agricool
16.4.1 Overview
16.4.1 Overview
16.4.2 Offerings
16.4.3 Key Financials
16.4.4 Business Segment & Geographic Overview
16.4.5 Key Market Developments
16.4.6 Key Strategies
16.5 AppHarvest
16.5.1 Overview
16.5.2 Offerings
16.5.3 Key Financials
16.5.4 Business Segment & Geographic Overview
16.5.5 Key Market Developments
16.5.6 Key Strategies
16.6 Aerofarms
16.6.1 Overview
16.6.2 Offerings
16.6.3 Key Financials
16.6.4 Business Segment & Geographic Overview
16.6.5 Key Market Developments
16.6.6 Key Strategies
16.7 CropOne
16.7.1 Overview
16.7.2 Offerings
16.7.3 Key Financials
16.7.4 Business Segment & Geographic Overview
16.7.5 Key Market Developments
16.7.6 Key Strategies
16.8 Bowery Farming Inc
16.8.1 Overview
16.8.2 Offerings
16.8.3 Key Financials
16.8.4 Business Segment & Geographic Overview
16.8.5 Key Market Developments
16.8.6 Key Strategies
16.9 Oishii
16.9.1 Overview
16.9.2 Offerings
16.9.3 Key Financials
16.9.4 Business Segment & Geographic Overview
16.9.5 Key Market Developments
16.9.6 Key Strategies
16.10 Bright Farms
16.10.1 Overview
16.10.2 Offerings
16.10.3 Key Financials
16.10.4 Business Segment & Geographic Overview
16.10.5 Key Market Developments
16.10.6 Key Strategies
16.11 Lufa Farms
16.11.1 Overview
16.11.2 Offerings
16.11.3 Key Financials
16.11.4 Business Segment & Geographic Overview
16.11.5 Key Market Developments
16.11.6 Key Strategies
16.12 Farminova Plant Factory
16.12.1 Overview
16.12.2 Offerings
16.12.3 Key Financials
16.12.4 Business Segment & Geographic Overview
16.12.5 Key Market Developments
16.12.6 Key Strategies
