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
New Farming Techniques Market and Industry Overview
The new farming techniques market and industry involve the adoption of innovative and sustainable practices in agricultural production. These techniques include precision farming, hydroponics, vertical farming, and organic farming, among others. Key players in the industry include technology providers, agricultural companies, and research institutions. The market is driven by factors such as the need for increased food production, resource efficiency, and environmental sustainability. New farming techniques offer benefits such as higher yields, reduced water and pesticide usage, and minimized environmental impact. As the global population continues to grow and agricultural land becomes limited, the adoption of new farming techniques is expected to increase, driving the growth of the market.
BIS’s new farming techniques market research report provides a comprehensive analysis of innovative and sustainable practices in agricultural production. It examines key players, trends, challenges, and growth opportunities in precision farming, hydroponics, vertical farming, and organic farming, offering valuable insights and strategies for businesses operating in this evolving market.
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