Indoor Farming Technology Market to Reach $32.8 Billion by 2028
The indoor farming sector is expected to grow due to advancements in greenhouses and lighting systems.
The market is driven by consumer demand for fresh, locally sourced produce and sustainable agricultural practices.
According to MarketsandMarkets, the global indoor farming technology market will grow from $20.3 billion in 2023 to $32.3 billion by 2028, at a CAGR of 9.7%.
Controlled environment agriculture (CEA) farming systems are being adopted worldwide, with glass and poly greenhouses dominating the market.
These structures provide an efficient environment for growing crops year-round.
Author summary: Indoor farming market to reach $32.8 billion by 2028.