Dublin, Oct. 22, 2021 (GLOBE NEWSWIRE) -- The "Europe Indoor Farming Market Size, Share & Trends Analysis Report By Facility Type (Greenhouses, Vertical Farms), By Component (Hardware, Software), By Crop Category, By Country, And Segment Forecasts, 2021 - 2028" report has been added to ResearchAndMarkets.com's offering.
Europe's indoor farming market size is expected to reach USD 23.26 billion by 2028, registering a CAGR of 10.4% from 2021 to 2028. The increase in demand for healthy food in Europe is driving the market growth. Additionally, the rising number of people growing healthy food in their own houses is also a major factor contributing to the growth.
The growing adoption of hydroponic systems in indoor farming is creating new opportunities for market growth in Europe. Hydroponics is the practice of growing plants without soil. It offers various advantages such as fostering strong yields, rapid growth, and 90% less water usage than traditional methods.
Nowadays, various agri-tech companies in Europe are increasingly investing in aquaponics farms as they eliminate soil-borne plant and fish diseases. For instance, in April 2021, Les Nouvelles Fermes, an urban agriculture company, raised USD 2.36 million to construct urban aquaponics farms in Europe.
The outbreak of the COVID-19 pandemic has negatively impacted market growth. Many countries initiated border closures to curb the spread of the virus, thereby causing interruptions in the supply chain of indoor farming. Moreover, the suspension of production facilities led to delays in the supply of agriculture chemicals such as herbicides and pesticides. However, an increase in demand for organic food across Europe due to the pandemic is anticipated to drive the growth of the market post the COVID-19 outbreak.
Europe Indoor Farming Market Report Highlights
- The greenhouses segment dominated the market in 2020. The segment growth can be attributed to the increase in demand for greenhouses among farmers as it enables them to enhance the quality and quantity of agricultural products
- The hardware segment dominated the market in 2020. The segment growth can be attributed to the rise in demand for hardware among farmers for maintaining an ideal farm environment
- The fruits, vegetables, and herbs segment dominated the market in 2020. The segment growth can be attributed to the increase in the cultivation of commonly grown fruits and vegetables in greenhouses
- The U.K. dominated the market in 2020 owing to an increase in the number of vertical farms in the country
Companies Mentioned
- Bridge Greenhouses Ltd.
- LettUs Grow Ltd.
- V-Farm
- Agrilution
- GrowUp Farms Limited
- Netafim
- PRIVA
- Richel Group
- Signify Holding
- Everlight Electronics Co., Ltd
Key Topics Covered:
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
2.1 Europe Indoor Farming Market - Industry Snapshot & Key Buying Criteria, 2017 - 2028
2.2 Europe Indoor Farming Market, 2017 - 2028
2.2.1 Europe indoor farming market, by country, 2017 - 2028
2.2.2 Europe indoor farming market, by facility type, 2017 - 2028
2.2.3 Europe indoor farming market, by component, 2017 - 2028
2.2.4 Europe indoor farming market, by crop category, 2017 - 2028
Chapter 3 Europe Indoor Farming Industry Outlook
3.1 Market Segmentation and Scope
3.2 Market Lineage Outlook
3.2.1 Related/Ancillary market outlook
3.3 Market Size and Growth Prospects
3.4 Europe Indoor Farming Market - Value Chain Analysis
3.5 Europe Indoor Farming Market - Market Dynamics
3.5.1 Market driver analysis
3.5.2 Market challenge analysis
3.5.3 Market opportunity analysis
3.6 Penetration and Growth Prospect Mapping
3.7 Europe Indoor Farming Market - Porter's Five Forces Analysis
3.8 Europe Indoor Farming Market - PEST Analysis
3.9 Impact of COVID-19 on the Europe Indoor Farming Market
Chapter 4 Europe Indoor Farming Facility Type Outlook
4.1 Europe Indoor Farming Market Share by Facility Type, 2020
4.2 Greenhouses
4.2.1 Europe greenhouses indoor farming market, 2017 - 2028
4.3 Vertical Farms
4.3.1 Europe vertical farms indoor farming market, 2017 - 2028
4.4 Others
4.4.1 Europe others indoor farming market, 2017 - 2028
Chapter 5 Europe Indoor Farming Component Outlook
5.1 Europe Indoor Farming Market Share by Component, 2020
5.2 Hardware
5.2.1 Europe hardware indoor farming market, 2017 - 2028
5.3 Software
5.3.1 Europe software indoor farming market, 2017 - 2028
Chapter 6 Europe Indoor Farming Crop Category Outlook
6.1 Europe Indoor Farming Market Share by Crop Category, 2020
6.2 Fruits, Vegetables, & Herbs
6.2.1 Europe fruits, vegetables, & herbs indoor farming market, 2017 - 2028
6.3 Flowers & Ornamentals
6.3.1 Europe flowers & ornamentals indoor farming market, 2017 - 2028
6.4 Others
6.4.1 Europe others indoor farming market, 2017 - 2028
Chapter 7 Europe Indoor Farming Country Outlook
7.1 Europe Indoor Farming Market Share by Country, 2020
7.1.1 U.K.
7.1.2 Germany
7.1.3 France
7.1.4 Netherlands
Chapter 8 Competitive Analysis
8.1 Recent Developments & Impact Analysis, By Key Market Participants
8.2 Company Categorization
8.3 Vendor Landscape
8.3.1 Company Market Share Analysis, 2020
8.3.2 Vendor landscape
8.4 Company Analysis Tools
8.4.1 Company Market Position Analysis
8.4.2 Competitive Dashboard Analysis
Chapter 9 Competitive Landscape
For more information about this report visit https://www.researchandmarkets.com/r/wvh7kr
