Europe is seeing a significant rise when it comes to indoor farming. Many countries compete to dominate the market, which results in the birth of many new farms. The number of indoor farms across the region is still relatively small. However, the sector is increasing at a rapid pace. Producing locally-grown greens all year round can be done without soil or sunshine in Europe due to the high emergence of indoor farming. While set-up and operational costs are increasing, there is a high demand amongst European environmentally conscious consumers. Further, changes in climate conditions, changes in temperature and water adversely across the region are creating higher demands for alternative farming methods. Further, various aggrotech companies are making efforts to curb the challenges by adopting indoor farming. They are also investing in research and development to combine technologies with food systems to enhance productivity and sustainability. For instance, in May 2021, LettUs Grow Ltd (an indoor farming technology provider) announced its partnership with Harper Adams University. The aim of the partnership is to undertake the trial of various irrigation systems and technologies. Also, higher investment by the company is expected to create new opportunities for the market. According to the report titled "Europe Indoor Farming Market Outlook, 2027", published by Bonafide Research, the indoor farming market is anticipated to have a market size of more than USD 11 billion during the forecast period. The growing demand for organic and healthy food in Europe is driving the market growth. In addition to that, the increasing challenges of limited land and space for growing crops across the region are encouraging cities and companies to adopt controlled environment agriculture practices. Further, the European indoor farming market is segmented into six prominent countries, including Germany, the UK, France, Italy, Spain, and the Netherlands. Among these countries, the UK is estimated to occupy a larger market share by 2027.
Asia-Pacific dominates the market and is the largest and fastest-growing market in the animal growth promoters industry globally
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Covid-19 Impact: The COVID-19 outbreak has negatively impacted the overall market growth. Many countries initiated border closures to curb the infection spread by viruses, thereby causing interruptions in the supply chain for indoor farming. Moreover, the suspension of production facilities led to delays in the supply of agricultural chemicals such as herbicides and pesticides. However, an increase in the demand for organic food was witnessed during the pandemic, which is expected to fuel the need for indoor farming. A shift in consumer preferences regarding farming methods is also expected to boost market growth by 2027. Major Companies present in the market: Netafim, Logiqs B.V., Richel Group S.A., Everlight Electronics Co., Ltd., Agrilution, GP Solutions, Inc., Farm.One, Inc., ECF Farmsystems GmbH, Signify Holding, Heliospectra AB, OSRAM GmbH., Urban Crop Solutions, Aponic Limited, Zipgrow Inc., CEL Group of Companies (Conviron) Considered in this report • Geography: Europe • Historic Year: 2016 • Base year: 2021 • Estimated year: 2022 • Forecast year: 2027
Aspects covered in this report • Europe Indoor Farming Market with its value and forecast along with its segments • Country wise Indoor Farming market analysis • Application wise Indoor Farming distribution • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation Countries covered in the report • Germany • UK • France • Italy • Spain • Netherlands Based on type of growth mechanism in the report: • Hydroponics • Aeroponics • Aquaponics • Soil-based • Hybrid Based on facility type of indoor farming in the report: • Vertical Farms • Indoor Greenhouses • Others Based on component type of indoor farming in the report: • Hardware (Lighting, Climate control, Sensors & Others) • Software & Services Based on Crop type in the report: • Fruits, vegetable & herbs • Flowers & ornamentals • Others The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual report of companies, analyzing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to agricultural industry, food & beverage industry, nutrition industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.
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