The global indoor farming technology market was valued at $5.84 billion in 2022 and is expected to reach $17.12 billion in 2027, following a CAGR of 23.99% during 2022-2027.
The global agricultural films market was valued at $11.38 billion in 2021 and is projected to reach $16.09 billion in 2027, following a CAGR of 5.94% during the forecast period 2022-2027.
The global indoor farming technology market is expected to reach $12,767.3 million by 2026, with a CAGR of 14.80% during the forecast period 2021-2026.
The global vertical farming market was valued at $5.50 billion in 2020 and is projected to reach $19.86 billion in 2026, following a CAGR of 24.3% during 2021-2026.
The global aquaponic and hydroponic systems and equipment market is expected to reach $2.74 billion by 2026, with a CAGR of 14.80% during the forecast period 2021-2026.
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The LED Grow Lights Industry Analysis by BIS Research projects the market to grow at a significant CAGR of 23.15% during the forecast period from 2019 to 2024.
The Indoor Farming Technology Industry Analysis by BIS Research projects the market to grow at a significant CAGR of 15.23% during the forecast period from 2019 to 2024.
The aquaponics & hydroponics systems & equipment market is expected to grow from $968.7 million in the year 2017 to $1,982.8 million by 2022 at a CAGR of 15.4% from 2017 to 2022.
The LED grow lights market is expected to grow from $XX.X million in the year 2016 to $2590.0 million by 2021, at a CAGR of XX.X% from 2016 to 2021. The growth is attributed to the increase in demand for food which leads to the need for increasing farm yields. LED grow light applications provide a solution to the problems faced during conventional farming.
The agricultural films market is expected to reach $9,283.4 million by 2021 growing at a CAGR of 5.1% from 2017 to 2021. In terms of volume the agricultural films market is expected to reach 7,532.1 kilo tons by 2021, registering a CAGR of 8.6% between 2017 and 2021.
The global vertical farming market is expected to grow at a CAGR of 27.77% through 2015 to 2022.
Hydroponics is the fastest growing soil-less farming practice at a global level, wherein a tailored nutrient solution is used for the crop to attain its full growth with a superior quality in a sustainable manner.
The global indoor farming technology market is expected to reach $12,767.3 million by 2026, with a CAGR of 14.80% during the forecast period 2021-2026.
The Indoor Farming Technology Industry Analysis by BIS Research projects the market to grow at a significant CAGR of 15.23% during the forecast period from 2019 to 2024.
The aquaponics & hydroponics systems & equipment market is expected to grow from $968.7 million in the year 2017 to $1,982.8 million by 2022 at a CAGR of 15.4% from 2017 to 2022.
The LED grow lights market is expected to grow from $XX.X million in the year 2016 to $2590.0 million by 2021, at a CAGR of XX.X% from 2016 to 2021. The growth is attributed to the increase in demand for food which leads to the need for increasing farm yields. LED grow light applications provide a solution to the problems faced during conventional farming.
The global vertical farming market is expected to grow at a CAGR of 27.77% through 2015 to 2022.
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New Farming Techniques
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