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Plant Factory Market by Growing System (Soil-based, Non-soil-based, and Hybrid), Facility Type (Greenhouses, Indoor Farms, Other Facility Types), Light Type, Crop Type (Vegetables, Fruits, Flowers & Ornamentals), and Region - Global Forecast to 2026

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    Report

  • 227 Pages
  • August 2021
  • Region: Global
  • Markets and Markets
  • ID: 5410427

According to the publisher, the global plant factory market size is estimated to be valued at USD 121.8 billion in 2021 and projected to reach USD 172.5 billion by 2026, recording a CAGR of 7.2% during the forecast period One of the major drivers is that it provides higher yield compared to traditional agricultural techniques, owing to the increase in harvest cycles.




By facility type, greenhouses are projected to dominate the market during the forecast period.

Greenhouses are high-tech structures dedicated to the cultivation of plants, particularly vegetables, flowers, and fruits. Environmental elements such as temperature, light exposure, irrigation, fertilization, humidity, and ventilation can be controlled and monitored for optimal crop growth. Commercial greenhouses typically cultivate crops in large volumes for consumers; research greenhouses are suited for plant science and medicinal horticulture.


By light type, sunlight is projected to dominate the market during the forecast period.

Some plant factories prefer and utilize natural light sources, i.e., sunlight. However, it is suitable for places with a significant amount of sunlight necessary for the growth of indoor plants. Greenhouse farms generally use natural sunlight. For sustainable production, the use of freely available sunlight is preferred.


The European region is projected to record the highest growth rate during the forecast period.

The evolution of plant factories or Controlled Environment Agriculture (CEA) and commercial greenhouses took place in Europe due to the favorable situations for adopting the CEA technique of farming and automation technologies and the encouragement from governments. Many Europe-based companies have invested significantly in the research of various areas of greenhouse automation, hydroponics, aeroponics, aquaponics, including climate control, lighting, and material handling, among others. As a result of the all-around development in plant factories, Europe has become a major market for plant factory.


The plant factory market is segmented region-wise, with a detailed analysis of each region. These regions include Asia Pacific, North America, Europe, South America and Rest of the World including Africa and the Middle East.


Break-up of Primaries

  • By Company: Tier 1- 60%, Tier 2- 25%, Tier 3- 15%,
  • By Designation: CXO - 35%, Directors - 45%, and Others - 20%
  • By Region: North America - 10%, Europe - 25%, APAC- 45%, South America - 5%, RoW- 15%

Leading players profiled in this report include the following:

  • AeroFarms (US)
  • BrightFarms (US)
  • Gotham Greens (US)
  • Bowery Farming (US)
  • AppHarvest (US)
  • Plenty Unlimited Inc. (US)
  • Mirai Co. Ltd. (Japan)
  • Kalera (Norway)
  • Farminova (Turkey)
  • Taiksha Ltd. (US)
  • Iron Ox (US)
  • Agricool (France)
  • Crop One (UAE)
  • Vertical Harvest (US)

Research Coverage

This report segments the plant factory market based on facility type, growing system, light type, crop type, and region. In terms of insights, this research report focuses on various levels of analyses-competitive landscape, pricing insights, end-use analysis, and company profiles-which together comprise and discuss the basic views on the emerging & high-growth segments of the plant factory market, high-growth regions, countries, industry trends, drivers, restraints, opportunities, and challenges.


Reasons to buy this report

  • To get a comprehensive overview of the plant factory market
  • To gain wide-ranging information about the top players in this industry, their product portfolio details, and the key strategies adopted by them
  • To gain insights about the major countries/regions, in which the plant factory market is flourishing
Frequently Asked Questions about the Plant Factory Market

What is the estimated value of the Plant Factory Market?

The Plant Factory Market was estimated to be valued at $121.8 Billion in 2021.

What is the growth rate of the Plant Factory Market?

The growth rate of the Plant Factory Market is 7.2%, with an estimated value of $172.5 Billion by 2026.

What is the forecasted size of the Plant Factory Market?

The Plant Factory Market is estimated to be worth $172.5 Billion by 2026.

Who are the key companies in the Plant Factory Market?

Key companies in the Plant Factory Market include Aerofarms, Agricool, Appharvest, Badia Farms, Bowery Farming, Brightfarms, Crop One, Dream Harvest Farming Company LLC and Farmone.

Table of Contents

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Inclusions & Exclusions
1.4 Study Scope
Figure 1 Market Segmentation
1.5 Regions Covered
1.6 Periodization Considered
1.7 Currency Considered
Table 1 USD Exchange Rates Considered, 2018-2020
1.8 Stakeholders
2 Research Methodology
2.1 Research Data
Figure 2 Plant Factory Market: Research Design
2.1.1 Secondary Data
2.1.1.1 Key Data from Secondary Sources
2.1.2 Primary Data
Figure 3 Plant Factory Market: Primary Validations
2.1.2.1 Key Industry Insights
2.1.2.2 Breakdown of Primaries
2.2 Market Size Estimation
Figure 4 Plant Factory Market Size Estimation: Supply Side (1/2)
Figure 5 Plant Factory Market Size Estimation: Supply Side (2/2)
Figure 6 Plant Factory Market Size Estimation: Demand Side
2.2.1 Market Size Estimation Notes
Figure 7 Plant Factory Market Size Estimation - Top-Down Approach
Figure 8 Plant Factory Market Size Estimation - Bottom-Up Approach
2.3 Data Triangulation
Figure 9 Data Triangulation Methodology
2.4 Assumptions for the Study
2.5 Research Limitations & Associated Risks
2.6 Market Scenarios Considered for the Impact of COVID-19
Figure 10 Scenario-Based Modelling
2.7 COVID-19 Health Assessment
Figure 11 COVID-19: Global Propagation
Figure 12 COVID-19 Propagation: Select Countries
2.8 COVID-19 Economic Assessment
Figure 13 Revised Gross Domestic Product Forecasts for Select G20 Countries in 2020
2.8.1 COVID-19 Economic Impact-Scenario Assessment
Figure 14 Criteria Impacting Global Economy
Figure 15 Scenarios in Terms of Recovery of Global Economy
3 Executive Summary
Table 2 Plant Factory Market Snapshot, 2021 Vs. 2026
Figure 16 Plant Factory Market Size, by Facility Type, 2021 Vs. 2026 (USD Billion)
Figure 17 Plant Factory Market Size, by Growing System, 2021 Vs. 2026 (USD Billion)
Figure 18 Plant Factory Market Size, by Crop Type, 2021 Vs. 2026 (USD Billion)
Figure 19 Plant Factory Market Size, by Light Type, 2021 Vs. 2026 (USD Billion)
Figure 20 Plant Factory Market Share, by Region, 2021
4 Premium Insights
4.1 Brief Overview of the Plant Factory Market
Figure 21 Rising Population and Concerns Over Food Security to Drive the Growth of the Plant Factory Market
4.2 Plant Factory Market: Major Regional Submarkets
Figure 22 US is the Largest Market Globally for Plant Factories in 2021
4.3 North America: Plant Factory Market, by Type & Country
Figure 23 US to Account for the Largest Share of the North American Market
4.4 Plant Factory Market, by Facility Type & Region
Figure 24 Greenhouses to Dominate the Plant Factory Market in 2021
4.5 Plant Factory Market, by Growing System
Figure 25 Soil-Based Plant Factories to Dominate the Market
4.6 Plant Factory Market, by Crop Type
Figure 26 The Vegetables Segment to Dominate the Plant Factory Market
4.7 Plant Factory Market, by Light Type
Figure 27 Sunlight-Based Plant Factories to Dominate the Plant Factory Market
4.8 Plant Factory Market, by Key Country
Figure 28 Netherlands to be the Most Lucrative Market for Plant Factories
5 Market Overview
5.1 Introduction
5.2 Macroeconomic Indicators
5.2.1 Increasing Global Population
Table 3 Population Comparison, 2009-2019
Figure 29 Population Growth Trend, 1950-2050
5.2.2 Rapid Urbanization
Table 4 Urban Population Percentage, 2019
5.3 Market Dynamics
Figure 30 Plant Factory Market: Market Dynamics
5.3.1 Drivers
5.3.1.1 Higher Yield as Compared to Traditional Agriculture Practices
Table 5 Yield of Crops: Soil Cultivation Vs. Hydroponics (Lbs/Acre)
5.3.1.2 Lesser Impact of External Weather Conditions
Figure 31 Global Average Yield for Indoor Farming, by Crop Type, 2015 (‘000 Pounds Per Acre)
Figure 32 Global Average Yield for Indoor Farming, by Crop Type, 2015 (‘000 Pounds Per Acre)
5.3.1.3 Rise in Demand for Food Due to Increasing Population and Challenges of Climate Change
5.3.1.3.1 Rise in Disposable Incomes Are Leading to Increased Expenditure on Food, Fueling Demand for Food Products
Figure 33 US: Share of Household Consumer Expenditures by Major Categories, 2019
5.3.2 Restraints
5.3.2.1 High Capital Investments
5.3.2.2 Requirement of High-Precision Environment
5.3.3 Opportunities
5.3.3.1 Increased Adoption of Plant Factories by Restaurants and Grocery Stores Amid the COVID-19 Pandemic
5.3.3.1.1 Increased Agri-Food Export Among Countries Fuels the Demand for Ample Yield All-Year-Round
Figure 34 Major Agri-Food Exporters, 2016-2018 (USD Billion)
5.3.3.2 Rise in Demand for Floriculture and Ornamental Horticulture
5.3.3.2.1 Availability of Disposable Income Allows Consumers to Spend on Floriculture and Other Ornamental Horticulture Products
Figure 35 Per Capita GDP, by Country, 2019 (USD)
5.3.4 Challenges
5.3.4.1 Tapping into the Organic Food Market
5.3.4.1.1 Augmented Demand for Organic Food Products in Developed Countries
Figure 36 Countries with the Highest Per Capita Consumption of Organic Food, 2015 (USD)
5.3.4.1.2 Debate Over Certification of Food Grown in Plant Factories as “Organic”
5.3.4.2 Risk of Equipment Failure and Delay in the Learning Curve Among Growers
5.3.4.3 Spread of Waterborne Diseases and Algae in Closed Systems
5.4 COVID-19 Impact on the Plant Factory Market
6 Industry Trends
6.1 Introduction
6.2 Value Chain Analysis
Figure 37 Value Chain of the Plant Factory Market
6.3 Supply Chain Analysis & Market Ecosystem Mapping
6.3.1 Supply Chain Analysis
Figure 38 Supply Chain of the Plant Factory Market
6.3.2 Raw Material Sourcing
6.3.3 System and Technology Provision
6.3.4 Consulting, Management, and End-users
6.3.5 Market Ecosystem Mapping
6.3.5.1 Demand Side
6.3.5.2 Supply Side
6.3.6 Plant Factory: Market Map
Table 6 Plant Factory Market: Supply Chain (Ecosystem)
6.4 Technology Analysis
6.5 Yc-Ycc Shift
Figure 39 Yc-Ycc Shift for the Plant Factory Market
6.6 Patent Analysis
Figure 40 List of Major Patents for Plant Factories
6.6.1 List of Major Patents [Plant Factory/Controlled Environment Agriculture (Crops & Technologies)]
6.7 Porter's Five Forces Analysis
Table 7 Plant Factory Market: Porter's Five Forces Analysis
6.7.1 Degree of Competition
6.7.2 Bargaining Power of Buyers
6.7.3 Bargaining Power of Suppliers
6.7.4 Threat of Substitutes
6.7.5 Threat of New Entrants
6.8 Pricing Analysis
Table 8 Average Cost Price, by Type, 2019-2020
6.9 Trade Analysis
Table 9 Hs Trade Codes for Hydroponics
6.10 Case Studies
Table 10 Need for Development and Innovation in Developing Nations
Table 11 Need for Innovation in the Framework of Vertical Farms for Optimization to Get the Highest Yield
7 Regulations
7.1 North America
7.2 Europe
7.3 North America
7.4 Asia-Pacific
7.4.1 India
7.4.2 China
7.4.3 Japan
8 Plant Factory Market, by Growing System
8.1 Introduction
Figure 41 Plant Factory Market Size, by Growing System, 2021 Vs. 2026 (USD Billion)
Table 12 Plant Factory Market Size, by Growing System, 2019-2026 (USD Billion)
8.1.1 COVID-19 Impact on the Plant Factory Market Size, by Growing System
8.1.1.1 Realistic Scenario
Table 13 Realistic Scenario: Plant Factory Market Size, by Growing System, 2018-2021 (USD Billion)
8.1.1.2 Optimistic Scenario
Table 14 Optimistic Scenario: Plant Factory Market Size, by Growing System, 2018-2021 (USD Billion)
8.1.1.3 Pessimistic Scenario
Table 15 Pessimistic Scenario: Plant Factory Market Size, by Growing System, 2018-2021 (USD Billion)
8.2 Non-Soil-Based
8.2.1 Non-Soil-Based Systems Offer Better Yield and Quality of Produce Compared to Soil-Based Systems
Table 16 Non-Soil-Based: Plant Factory Market Size, by Sub-Segment, 2019-2026 (USD Billion)
Table 17 Non-Soil-Based: Plant Factory Market Size, by Region, 2019-2026 (USD Billion)
8.2.2 Hydroponics
8.2.3 Aeroponics
8.2.4 Aquaponics
8.3 Soil-Based
8.3.1 Soil-Based Growing Systems-A Tactical Alternative to Traditional Soil-Based Agriculture
Table 18 Soil-Based: Plant Factory Market Size, by Region, 2019-2026 (USD Billion)
8.4 Hybrid
8.4.1 Hybrid Systems to Offer a Dual Advantage for Optimum Production
Table 19 Hybrid: Plant Factory Market Size, by Region, 2019-2026 (USD Billion)
9 Plant Factory Market, by Facility Type
9.1 Introduction
Figure 42 Plant Factory Market Size, by Facility Type, 2021 Vs. 2026 (USD Billion)
Table 20 Plant Factory Market Size, by Facility Type, 2019-2026 (USD Billion)
9.1.1 COVID-19 Impact on the Plant Factory Market Size, by Facility Type
9.1.1.1 Realistic Scenario
Table 21 Realistic Scenario: Plant Factory Market Size, by Facility Type, 2018-2021 (USD Billion)
9.1.1.2 Optimistic Scenario
Table 22 Optimistic Scenario: Plant Factory Market Size, by Facility Type, 2018-2021 (USD Billion)
9.1.1.3 Pessimistic Scenario
Table 23 Pessimistic Scenario: Plant Factory Market Size, by Facility Type, 2018-2021 (USD Billion)
9.2 Greenhouses
9.2.1 Greenhouses Provide Higher Profitability and Growth Prospects Compared to Other Cea Facilities
Table 24 Greenhouses Plant Factory Market Size, by Region, 2019-2026 (USD Billion)
9.3 Indoor Farms
9.3.1 Indoor Farms Help Bring Production Operations Closer to Population Centers
Table 25 Indoor Farms Market Size, by Region, 2019-2026 (USD Billion)
9.4 Other Facility Types
9.4.1 The Unavailability of Arable Land Drives the Market for Cea Facilities
Table 26 Other Plant Factory Facility Types Market Size, by Region, 2019-2026 (USD Billion)
10 Plant Factory Market, by Crop Type
10.1 Introduction
Figure 43 Plant Factory Market Size, by Crop Type, 2021 Vs. 2026 (USD Billion)
Table 27 Plant Factory Market Size, by Crop Type, 2019-2026 (USD Billion)
10.1.1 COVID-19 Impact on the Plant Factory Market Size, by Crop Type
10.1.1.1 Realistic Scenario
Table 28 Realistic Scenario: Plant Factory Market Size, by Crop Type, 2018-2021 (USD Billion)
Table 29 Optimistic Scenario: Plant Factory Market Size, by Crop Type, 2018-2021 (USD Billion)
10.1.1.3 Pessimistic Scenario
Table 30 Pessimistic Scenario: Plant Factory Market Size, by Crop Type, 2018-2021 (USD Billion)
10.2 Fruits
10.2.1 Benefits of Year-Round Harvests Supplement Fruit Cultivation in Plant Factories
Table 31 Fruits: Plant Factory Market Size, by Fruit Type, 2019-2026 (USD Billion)
Table 32 Fruits: Plant Factory Market Size, by Region, 2019-2026 (USD Billion)
10.2.2 Berries
10.2.2.1 Seasonal Availability of Berries to Fuel the Need for Production in Plant Factories
10.2.3 Other Fruits
10.2.3.1 Melons and Grapes Are Among the Optimum Choices for Controlled Environment Production
10.3 Vegetables
10.3.1 Ease of Production in Plant Factories to Drive the Demand for Vegetables
Table 33 Vegetables: Plant Factory Market Size, by Vegetable Type, 2019-2026 (USD Billion)
Table 34 Vegetables: Plant Factory Market Size, by Region, 2019-2026 (USD Billion)
10.3.2 Tomato
10.3.2.1 Enhanced Nutritive Value of Tomatoes Grown in Plant Factories to Drive the Demand
10.3.3 Leafy Greens
10.3.3.1 Enhanced Shelf-Life Due to Cea to Propel the Demand for Leafy Greens
Table 35 Leafy Greens: Plant Factory Market Size, by Leafy Greens Type, 2019-2026 (USD Billion)
10.3.3.1.1 Lettuce
10.3.3.1.2 Kale
10.3.3.1.3 Spinach
10.3.3.1.4 Other Leafy Greens
10.3.4 Eggplant
10.3.4.1 High Sensitivity to External Conditions to Augment the Production of Eggplant in Plant Factories
10.3.5 Herbs & Microgreens
10.3.5.1 Microgreens Are Increasingly Grown in Plant Factories to Retain the Peak Flavor Intensity
Table 36 Herbs and Microgreens: Plant Factory Market Size, by Herbs and Microgreens Type, 2019-2026 (USD Billion)
10.3.5.1.1 Basil
10.3.5.1.2 Herbs
10.3.5.1.3 Tarragon
10.3.5.1.4 Wheatgrass
10.3.6 Other Vegetables
10.3.6.1 Vining Properties of Vegetables to Augment the Need for Enclosed Agricultural Methods
10.4 Flower & Ornamental
10.4.1 The Fast-Growing Floriculture Industry to Drive the Plant Factory Market
Table 37 Flower and Ornamental: Plant Factory Market Size, by Flower and Ornamental Type, 2019-2026 (USD Billion)
Table 38 Flower & Ornamental: Plant Factory Market Size, by Region, 2019-2026 (USD Billion)
10.4.2 Perennials
10.4.2.1 Ease of Production to Drive the Market for Perennials Produced in Plant Factories
10.4.3 Annuals
10.4.3.1 Ornamental Annuals Widely Cultivated in Indoor Farms and Greenhouses
10.4.4 Biennial
10.4.4.1 Longer Growth Periods of Biennials to Propel Their Production in Secure Environments
10.5 Other Crop Types
10.5.1 Legalization to Drive the Demand for Cannabis Produced in Plant Factories
Table 39 Other Crop Types: Plant Factory Market Size, by Region, 2019-2026 (USD Billion)
11 Plant Factory Market, by Light Type
11.1 Introduction
Figure 44 Plant Factory Market, by Light Type, 2021 Vs. 2026 (USD Billion)
Table 40 Plant Factory Market, by Light Type, 2019-2026 (USD Billion)
11.2 COVID-19 Impact Analysis, by Light Type
Table 41 Optimistic Scenario: Plant Factory Market Size, by Light Type, 2018-2021 (USD Billion)
Table 42 Realistic Scenario: Plant Factory Market Size, by Light Type, 2018-2021 (USD Billion)
Table 43 Pessimistic Scenario: Plant Factory Market Size, by Light Type, 2018-2021 (USD Billion)
11.3 Full Artificial Light
Table 44 Full Artificial Light: Plant Factory Market, by Region, 2019-2026 (USD Billion)
11.4 Sunlight
Table 45 Sunlight: Plant Factory Market, by Region, 2019-2026 (USD Billion)
12 Plant Factory Market, by Region
12.1 Introduction
Figure 45 Netherlands to be the Most Lucrative Market in the Plant Factory Market by 2026
Table 46 Plant Factory Market Size, by Region, 2019-2026 (USD Billion)
12.1.1 COVID-19 Impact on the Plant Factory Market, by Region
12.1.1.1 Realistic Scenario
Table 47 Realistic Scenario: COVID-19 Impact on the Plant Factory Market Size, by Region, 2018-2021 (USD Billion)
12.1.1.2 Optimistic Scenario
Table 48 Optimistic Scenario: COVID-19 Impact on the Plant Factory Market Size, by Region, 2018-2021 (USD Billion)
12.1.1.3 Pessimistic Scenario
Table 49 Pessimistic Scenario: COVID-19 Impact on the Plant Factory Market Size, by Region, 2018-2021 (USD Billion)
12.2 North America
Figure 46 North America: Regional Snapshot
Table 50 North America: Plant Factory Market Size, by Country, 2019-2026 (USD Billion)
Table 51 North America: Plant Factory Market Size, by Growing System, 2019-2026 (USD Billion)
Table 52 North America: Plant Factory Market Size, by Facility Type, 2019-2026 (USD Billion)
Table 53 North America: Plant Factory Market Size, by Light Type, 2019-2026 (USD Billion)
Table 54 North America: Plant Factory Market Size, by Crop Type, 2019-2026 (USD Billion)
12.2.1 US
12.2.1.1 Favorable Government Schemes and Introduction of Newer Farming Kits and Techniques by Plant Factory System Providers
Table 55 US: Plant Factory Market Size, by Growing System, 2019-2026 (USD Billion)
Table 56 US: Plant Factory Market Size, by Facility Type, 2019-2026 (USD Billion)
12.2.2 Canada
12.2.2.1 High Awareness About Modern Farming Techniques
Table 57 Canada: Major Crops Grown in Greenhouses, 2015
Figure 47 Canada: Species of Greenhouse-Grown Flowers, 2015
Table 58 Canada: Plant Factory Market Size, by Growing System, 2019-2026 (USD Billion)
Table 59 Canada: Plant Factory Market Size, by Facility Type, 2019-2026 (USD Billion)
12.2.3 Mexico
12.2.3.1 Larger Greenhouse Area Used for Cultivation
Table 60 Mexico: Plant Factory Market Size, by Growing System, 2019-2026 (USD Billion)
Table 61 Mexico: Plant Factory Market Size, by Facility Type, 2019-2026 (USD Billion)
12.3 Europe
Figure 48 European Plant Factory Market Snapshot
12.3.1 COVID-19 Impact on the Plant Market in Europe
Table 62 Europe: Plant Factory Type Market Size, by Country/Region, 2019-2026 (USD Billion)
Table 63 Europe: Plant Factory Market Size, by Growing System, 2019-2026 (USD Billion)
Table 64 Europe: Plant Factory Market Size, by Facility Type, 2019-2026 (USD Billion)
Table 65 Europe: Plant Factory Market Size, by Light Type, 2019-2026 (USD Billion)
Table 66 Europe: Plant Factory Market Size, by Crop Type, 2019-2026 (USD Billion)
12.3.2 Netherlands
12.3.2.1 Increasing Inclination Toward Efficient Farming
Table 67 Netherlands: Plant Factory Market Size, by Growing System, 2019-2026 (USD Billion)
Table 68 Netherlands: Plant Factory Market Size, by Facility Type, 2019-2026 (USD Billion)
12.3.3 Spain
12.3.3.1 Increase in Investments in Sustainable Farming Practices and Advanced Set-Ups to Achieve Higher Volumes of Produce
Table 69 Spain: Plant Factory Market Size, by Growing System, 2019-2026 (USD Billion)
Table 70 Spain: Plant Factory Market Size, by Facility Type, 2019-2026 (USD Billion)
12.3.4 Italy
12.3.4.1 Growth in Organic Croplands and Rise in Demand for and Supply of Organic Products
Table 71 Italy: Plant Factory Market Size, by Growing System, 2019-2026 (USD Billion)
Table 72 Italy: Plant Factory Market Size, by Facility Type, 2019-2026 (USD Billion)
12.3.5 UK
12.3.5.1 Various Players Are Expanding Indoor Farming and Vertical Farming Businesses
Table 73 UK: Plant Factory Market Size, by Growing System, 2019-2026 (USD Billion)
Table 74 UK: Plant Factory Market Size, by Facility Type, 2019-2026 (USD Billion)
12.3.6 France
12.3.6.1 Gradual Adoption of Modern Farming Techniques
Table 75 France: Plant Factory Market Size, by Growing System, 2019-2026 (USD Billion)
Table 76 France: Plant Factory Market Size, by Facility Type, 2019-2026 (USD Billion)
12.3.7 Turkey
12.3.7.1 Increase in Protected Cultivation
Table 77 Turkey: Plant Factory Market Size, by Growing System, 2019-2026 (USD Billion)
Table 78 Turkey: Plant Factory Market Size, by Facility Type, 2019-2026 (USD Billion)
12.3.8 Rest of Europe
12.3.8.1 Demand for Controlled Environment Agriculture
Table 79 Rest of Europe: Plant Factory Market Size, by Growing System, 2019-2026 (USD Billion)
Table 80 Rest of Europe: Plant Factory Market Size, by Facility Type, 2019-2026 (USD Billion)
12.4 Asia-Pacific
Figure 49 Asia-Pacific: Plant Factory Market Snapshot
Table 81 Asia-Pacific: Plant Factory Market Size, by Country/Region, 2019-2026 (USD Billion)
Table 82 Asia-Pacific: Plant Factory Market Size, by Growing System, 2019-2026 (USD Billion)
Table 83 Asia-Pacific: Plant Factory Market Size, by Facility Type, 2019-2026 (USD Billion)
Table 84 Asia-Pacific: Plant Factory Market Size, by Light Type, 2019-2026 (USD Billion)
Table 85 Asia-Pacific: Plant Factory Market Size, by Crop Type, 2019-2026 (USD Billion)
12.4.1 China
12.4.1.1 High Adoption Rate of Plant Factories and Increasing Population
Table 86 China: Plant Factory Market Size, by Growing System, 2019-2026 (USD Billion)
Table 87 China: Plant Factory Market Size, by Facility Type, 2019-2026 (USD Billion)
12.4.2 Japan
12.4.2.1 Staunch Initiatives from the Government and Member Companies
Table 88 Japan: Plant Factory Market Size, by Growing System, 2019-2026 (USD Billion)
Table 89 Japan: Plant Factory Market Size, by Facility Type, 2019-2026 (USD Billion)
12.4.3 Singapore
12.4.3.1 Food Security Concerns and Extensive R&D
Table 90 Singapore: Plant Factory Market Size, by Growing System, 2019-2026 (USD Billion)
Table 91 Singapore: Plant Factory Market Size, by Facility Type, 2019-2026 (USD Billion)
12.4.4 India
12.4.4.1 Local Players Establishing Partnerships with Global Companies
Table 92 India: Plant Factory Market Size, by Growing System, 2019-2026 (USD Billion)
Table 93 India: Plant Factory Market Size, by Facility Type, 2019-2026 (USD Billion)
12.4.5 Australia & New Zealand
12.4.5.1 Freshwater Scarcity and Harsh Terrains of Land Bolstering the Need for Plant Factories
Table 94 Australia & New Zealand: Plant Factory Market Size, by Growing System, 2019-2026 (USD Billion)
Table 95 Australia & New Zealand: Plant Factory Market Size, by Facility Type, 2019-2026 (USD Billion)
12.4.6 South Korea
12.4.6.1 Favorable Government Legislation and Investments by Major Players
Table 96 South Korea: Plant Factory Market Size, by Growing System, 2019-2026 (USD Billion)
Table 97 South Korea: Plant Factory Market Size, by Facility Type, 2019-2026 (USD Billion)
12.4.7 Taiwan
12.4.7.1 Lack of Space and Destructive Calamities Augmenting the Plant Factory Market
Table 98 Taiwan: Plant Factory Market Size, by Growing System, 2019-2026 (USD Billion)
Table 99 Taiwan: Plant Factory Market Size, by Facility Type, 2019-2026 (USD Billion)
12.4.8 Rest of Asia-Pacific
12.4.8.1 Lack of Space and Destructive Calamities Augmenting the Plant Factory Market
Table 100 Rest of Asia-Pacific: Plant Factory Market Size, by Growing System, 2019-2026 (USD Billion)
Table 101 Rest of Asia-Pacific: Plant Factory Market Size, by Facility Type, 2019-2026 (USD Billion)
12.5 South America
Table 102 South America: Plant Factory Market Size, by Country/Region, 2019-2026 (USD Billion)
Table 103 South America: Plant Factory Market Size, by Growing System, 2019-2026 (USD Billion)
Table 104 South America: Plant Factory Market Size, by Facility Type, 2019-2026 (USD Billion)
Table 105 South America: Plant Factory Market Size, by Light Type, 2019-2026 (USD Billion)
Table 106 South America: Plant Factory Market Size, by Crop Type, 2019-2026 (USD Billion)
12.5.1 Brazil
12.5.1.1 High Adoption Rate of Plant Factories
Table 107 Brazil: Plant Factory Market Size, by Growing System, 2019-2026 (USD Billion)
Table 108 Brazil: Plant Factory Market Size, by Facility Type, 2019-2026 (USD Billion)
12.5.2 Argentina
12.5.2.1 Growth in the Agricultural Sector
Table 109 Argentina: Plant Factory Market Size, by Growing System, 2019-2026 (USD Billion)
Table 110 Argentina: Plant Factory Market Size, by Facility Type, 2019-2026 (USD Billion)
12.5.3 Rest of South America
12.5.3.1 Lack of Water Availability and Inconvenient Land Structures Facilitating the Need for Plant Factories
Table 111 Rest of South America: Plant Factory Market Size, by Growing System, 2019-2026 (USD Billion)
Table 112 Rest of South America: Plant Factory Market Size, by Facility Type, 2019-2026 (USD Billion)
12.6 Rest of the World
Table 113 RoW: Plant Factory Market Size, by Region, 2019-2026 (USD Billion)
Table 114 RoW: Plant Factory Market Size, by Growing System, 2019-2026 (USD Billion)
Table 115 RoW: Plant Factory Market Size, by Facility Type, 2019-2026 (USD Billion)
Table 116 RoW: Plant Factory Market Size, by Light Type, 2019-2026 (USD Billion)
Table 117 RoW: Plant Factory Market Size, by Crop Type, 2019-2026 (USD Billion)
12.6.1 Africa
12.6.1.1 Conscious Efforts by the Government
Table 118 Africa: Plant Factory Market Size, by Growing System, 2019-2026 (USD Billion)
Table 119 Africa: Plant Factory Market Size, by Facility Type, 2019-2026 (USD Billion)
12.6.2 Middle East
12.6.2.1 Lack of Fresh Water Augmenting the Demand for Cea Practices
Table 120 Middle East: Plant Factory Market Size, by Growing System, 2019-2026 (USD Billion)
Table 121 Middle East: Plant Factory Market Size, by Facility Type, 2019-2026 (USD Billion)
13 Competitive Landscape
13.1 Overview
13.2 Market Share Analysis of Plant Factory Companies
Table 122 Plant Factory Market: Degree of Competition
13.3 Key Player Strategies
13.4 Revenue Analysis of Key Players
Figure 50 Plant Factory Market: Revenue Analysis, 2016-2020 (USD Million)
13.5 COVID-19 Specific Company Response
13.6 Company Evaluation Quadrant: Definitions & Methodology (Overall Market)
13.6.1 Stars
13.6.2 Emerging Leaders
13.6.3 Pervasive Players
13.6.4 Participants
Figure 51 Plant Factory Market: Company Evaluation Quadrant,2019 (Key Players)
13.7 Product Footprint
Table 123 Plant Factory Market: Company Product Footprint
Table 124 Plant Factory Market: Company Industry Footprint
13.8 Regional Footprint
Table 125 Plant Factory Market: Company Regional Footprint
Table 126 Plant Factory Market: Company Footprint
13.9 Company Evaluation Quadrant (Start-Ups/SMEs)
13.9.1 Progressive Companies
13.9.2 Starting Blocks
13.9.3 Responsive Companies
13.9.4 Dynamic Companies
Figure 52 Plant Factory Market: Company Evaluation Matrix, 2020 (Start-Ups/SMEs)
13.10 Competitive Scenario
13.10.1 Deals
Table 127 Deals, 2018-2021
13.10.2 Others
Table 128 Others, 2018-2021
14 Company Profiles
Business Overview, Products Offered, Recent Developments & Analyst's View
14.1 Key Players
14.1.1 Aerofarms
Table 129 Aerofarms: Business Overview
Table 130 Aerofarms: Plant Factory Market: Deals
Table 131 Aerofarms: Plant Factory Market: Others
14.1.2 Gotham Greens
Table 132 Gotham Greens: Business Overview
Table 133 Gotham Greens: Plant Factory Market: Others
14.1.3 Bowery Farming
Table 134 Bowery Farming: Business Overview
14.1.4 Oishii
Table 135 Oishii: Business Overview
14.1.5 Plenty Unlimited Inc
Table 136 Plenty Unlimited Inc.: Business Overview
Table 137 Plenty Unlimited Inc. Plant Factory Market: Deals
Table 138 Plenty Unlimited Inc. Plant Factory Market: Others
14.1.6 Mirai Co. Ltd.
Table 139 Mirai Co Ltd. Business Overview
Table 140 Mirai Co. Ltd. Plant Factory Market: Deals
14.1.7 Agricool
Table 141 Agricool: Business Overview
14.1.8 Appharvest
Table 142 Appharvest: Business Overview
Table 143 Plant Factory Market: Appharvest: Others
Table 144 Appharvest: Plant Factory Market: Deals
14.1.9 Crop One
Table 145 Crop One: Business Overview
14.1.10 Brightfarms
Table 146 Brightfarms: Business Overview
14.2 Other Players
14.2.1 Farminova Plant Factory N.V.
Table 147 Farminova Plant Factory N.V. Business Overview
14.2.2 Taikisha Ltd.
Table 148 Taikisha Ltd.: Business Overview
Figure 53 Taikisha Co Ltd: Company Snapshot
14.2.3 Iron Ox
Table 149 Iron Ox: Business Overview
Table 150 Iron Ox: Plant Factory Market: Others
14.2.4 Vertical Harvest
Table 151 Vertical Harvest: Business Overview
14.2.5 Smallhold
Table 152 Smallhold: Business Overview
14.2.6 Badia Farms
14.2.7 Farmone
14.2.8 Kalera
14.2.9 Sky Greens
14.2.10 Dream Harvest Farming Company LLC
Details on Business Overview, Products Offered, Recent Developments & Analyst's View Might Not be Captured in Case of Unlisted Companies.
15 Adjacent & Related Markets
15.1 Introduction
Table 153 Adjacent Markets for Plant Factory
15.2 Limitations
15.3 Hydroponics Market
15.3.1 Market Definition
15.3.2 Market Overview
15.4 Hydroponics Market, by Type
15.4.1 Introduction
Table 154 Hydroponics Market Size, by Type, 2018-2026 (USD Million)
15.5 Indoor Farming Technology Market
15.5.1 Market Definition
15.5.2 Market Overview
15.6 Indoor Farming Technology Market, by Facility Type
Table 155 Indoor Farming Technology Market Size, by Facility Type, 2015-2018 (USD Million)
16 Appendix
16.1 Discussion Guide
16.2 Knowledge Store: Subscription Portal
16.3 Available Customizations
16.4 Related Reports
16.5 Author Details

Executive Summary

Companies Mentioned

  • Aerofarms
  • Agricool
  • Appharvest
  • Badia Farms
  • Bowery Farming
  • Brightfarms
  • Crop One
  • Dream Harvest Farming Company LLC
  • Farminova Plant Factory N.V.
  • Farmone
  • Gotham Greens
  • Iron Ox
  • Kalera
  • Mirai Co. Ltd.
  • Oishii
  • Plenty Unlimited Inc
  • Sky Greens
  • Smallhold
  • Taikisha Ltd.
  • Vertical Harvest

Methodology

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