The indoor farming market in Argentina is gaining momentum, projected to grow at a CAGR of over 10.21% from 2024 to 2029, as the country seeks to enhance food production and sustai
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Argentina's agricultural sector is a vital component of its economy, occupying approximately 35 million hectares and producing major crops like soybeans, wheat, maize, and sunflower, which together account for about 90% of total crop production. The country is one of the world's largest exporters of these commodities, with soybeans alone representing nearly half of the cultivated area. Technological advancements have significantly transformed farming practices; about 90% of agricultural land employs no-till methods, enhancing soil health and reducing erosion. The use of genetically modified organisms (GMOs) is prevalent, with 99% of soybean crops being glyphosate-resistant and 95% of maize being Bt corn. This technological shift has doubled production in recent years, driven by a network of landowners and contractors that optimize efficiency and productivity. Additionally, Argentina benefits from a favorable climate and fertile soils, particularly in the Pampas region, which supports high yields. The agricultural sector contributes around 7% to the national GDP and is crucial for foreign exchange earnings, underscoring its importance in both domestic food security and international trade.
According to the research report "Argentina Indoor Farming Market Overview, 2029," published by Bonafide Research, the Argentina Indoor Farming market is anticipated to grow at more than 10.21% CAGR from 2024 to 2029. The indoor farming market in Argentina is gaining momentum as the country looks to diversify its agricultural practices and enhance food security. Faced with challenges such as unpredictable climate conditions, limited arable land in urban areas, and a growing demand for fresh, locally sourced produce, indoor farming has emerged as a viable solution. Techniques like vertical farming, hydroponics, and greenhouse cultivation are becoming increasingly popular, allowing year-round production while minimizing water and land use. The Argentine government is beginning to recognize the potential of indoor farming and is providing support through initiatives aimed at fostering agricultural innovation and sustainability. Major cities like Buenos Aires are seeing a rise in urban farming projects, with vertical farms and greenhouses offering a way to meet the increasing demand for organic, pesticide-free food. The market is also benefitting from technological advancements, including automation, data-driven farming systems, and climate control technologies that optimize growing conditions and increase efficiency. These innovations are particularly attractive to startups and smaller farms looking to maximize yields and reduce operational costs.
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The indoor farming market in Argentina is on the rise, driven by various facility types, including vertical farming, greenhouses, and other innovative systems. Vertical farming has gained attention as a sustainable solution for urban agriculture, utilizing advanced technologies such as hydroponics and LED lighting to cultivate crops in controlled environments. This method allows for year-round production of fresh vegetables and herbs, significantly reducing water consumption and eliminating the need for pesticides, which aligns with the country’s growing focus on sustainability. Greenhouses remain a vital component of Argentina’s agricultural landscape, providing an ideal environment for extending the growing season and improving crop yields. With advancements in greenhouse technologies, such as automated climate control and energy-efficient systems, producers can optimize conditions for a diverse range of crops while minimizing resource use. Additionally, the “other” category includes various innovative approaches, such as container farming and aquaponics, which enhance local food production and promote efficient resource management. As Argentina faces challenges related to food security and environmental sustainability, indoor farming presents a viable solution to address these issues.
The indoor farming market in Argentina is witnessing significant growth, driven by various growth mechanisms, including hydroponics, aeroponics, aquaponics, soil-based systems, and hybrid approaches. Hydroponics has emerged as the largest segment, favored for its ability to produce high yields of crops in controlled environments while using significantly less water compared to traditional farming methods. This soil-less cultivation technique allows for year-round production of fresh vegetables and herbs, addressing the increasing demand for local produce in urban areas and reducing reliance on imports. Aeroponics, although still in its infancy in Argentina, is gaining traction as an innovative method that uses misting systems to nourish plant roots without soil, enhancing growth rates and optimizing resource efficiency. Aquaponics, which combines fish farming with plant cultivation, is also becoming recognized for its sustainability benefits, creating a closed-loop system that maximizes resource use while producing both fish and vegetables. While soil-based systems remain popular among traditional farmers, the shift towards more innovative and sustainable practices is evident. Hybrid systems that integrate multiple growth mechanisms are also emerging, allowing farmers to tailor their methods based on specific crop requirements and market needs. As Argentina faces challenges related to food security and environmental sustainability, these diverse growth mechanisms are crucial for modern agriculture.
Covid-19 impact:
Traditional farming was hit hard during the pandemic due to lockdowns, border closures, quarantines, and supply chain disruptions. This limited access to fresh agricultural produce paved the way for indoor farming. In fact, the pandemic pushed the market demand for indoor farming as the populace was already experiencing high levels of food insecurity. During the pandemic's early stages of spread, the agriculture sector encountered difficulties. There were severe labor shortages on farms; some farmers lost their window of opportunity to harvest seasonal crops; agricultural product prices were plummeting; and logistics were disrupted. All this in spite of the fact that agriculture didn’t face a harsh shutdown as it was under essential services that were exempted. The development of indoor farming can also help in addressing all aspects of various food security concerns. Increased health awareness and the consumption of food free of residues have made it possible to use cutting-edge methods, such as indoor farming. In order to have food that is pest-free, people are cultivating essential crops on a modest scale in their own homes, which has increased productivity.
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Manmayi Raval
Research Consultant
Considered in this report
• Geography: Argentina
• Historic year: 2018
• Base year: 2023
• Estimated year: 2024
• Forecast year: 2029
Aspects covered in this report
• Argentina Indoor Farming market with its value and forecast along with its segments
• various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation
By Facility Type
• Vertical Farm
• Greenhouse
• Others
The approach of the report:
We keep an eye on evolving markets and try to evaluate the potential of the products and services. If we find the market interesting, we start working on it and create the desired table of content, considering all aspects of the business. We start by creating separate questionnaires for C-level executives, national/regional sales personnel, company owners, dealers, distributors, and end-users. Once the questionnaires have been finalized, we start collecting the primary data (mostly through phone calls) and try to understand the market dynamics regionally or tier-wise. This process gives us in-depth details of the market, including all present companies, the top-performing products with reasons why they dominate; we get the details of new players and their innovative approaches; market trends; dynamics; and all the small details of the market. After the collection of primary inputs, we then cross-check the same with secondary sources that include associations, trade journals, annual reports, paid databases, newspapers, magazines, press releases, government sources, etc. From this, we get a rough estimate of the market and start checking existing product price variants, trade, production, raw material scenarios, policies and regulatory landscape, etc. Then, to finalize the market, we start collecting financials of each player present in the market, including limited, private limited, and LLPs. Moreover, we perform cross-industry and cross-region analysis of the product, and based on collected primary inputs and using statistical modeling, we start forecasting the market. We follow our forecasting algorithm, which is unique for each product but gives more weight age to primary inputs. At the same time, the content team starts preparing company profiles, market dynamics, market trends, five forces, PEST analysis, etc. Once the data is verified by the data expert, the team (primary team, content team, and data team) together crosscheck the segmentations, validate the market, and then the designing team starts plotting the graphs. Once the file is ready, the content team completes the report and makes sure that all the discussed points have been covered and provides their valuable inputs in the form of strategic recommendations for new as well as existing players. The QC team then checks the overall report that includes spell check, data verification, and makes the same dispatch ready and error-free.
Intended Audience
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the battery manufacturers, 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.
Table of Contents
1. Executive Summary
2. Market Structure
2.1. Market Considerate
2.2. Assumptions
2.3. Limitations
2.4. Abbreviations
2.5. Sources
2.6. Definitions
2.7. Geography
3. Research Methodology
3.1. Secondary Research
3.2. Primary Data Collection
3.3. Market Formation & Validation
3.4. Report Writing, Quality Check & Delivery
4. Argentina Macro Economic Indicators
5. Market Dynamics
5.1. Market Drivers & Opportunities
5.2. Market Restraints & Challenges
5.3. Market Trends
5.3.1. XXXX
5.3.2. XXXX
5.3.3. XXXX
5.3.4. XXXX
5.3.5. XXXX
5.4. Covid-19 Effect
5.5. Supply chain Analysis
5.6. Policy & Regulatory Framework
5.7. Industry Experts Views
6. Argentina Indoor Farming Market Overview
6.1. Market Size By Value
6.2. Market Size and Forecast, By Growth Mechanism
6.3. Market Size and Forecast, By Facility Type
7. Argentina Indoor Farming Market Segmentations
7.1. Argentina Indoor Farming Market, By Growth Mechanism
7.1.1. Argentina Indoor Farming Market Size, By Hydroponics, 2018-2029
7.1.2. Argentina Indoor Farming Market Size, By Aeroponics, 2018-2029
7.1.3. Argentina Indoor Farming Market Size, By Aquaponics, 2018-2029
7.1.4. Argentina Indoor Farming Market Size, By Soil - based, 2018-2029
7.1.5. Argentina Indoor Farming Market Size, By Hybrid, 2018-2029
7.2. Argentina Indoor Farming Market, By Facility Type
7.2.1. Argentina Indoor Farming Market Size, By Vertical Farms, 2018-2029
7.2.2. Argentina Indoor Farming Market Size, By Greenhouse, 2018-2029
7.2.3. Argentina Indoor Farming Market Size, By Others, 2018-2029
8. Argentina Indoor Farming Market Opportunity Assessment
8.1. By Growth Mechanism, 2024 to 2029
8.2. By Facility Type, 2024 to 2029
9. Competitive Landscape
9.1. Porter's Five Forces
9.2. Company Profile
9.2.1. Company 1
9.2.1.1. Company Snapshot
9.2.1.2. Company Overview
9.2.1.3. Financial Highlights
9.2.1.4. Geographic Insights
9.2.1.5. Business Segment & Performance
9.2.1.6. Product Portfolio
9.2.1.7. Key Executives
9.2.1.8. Strategic Moves & Developments
9.2.2. Company 2
9.2.3. Company 3
9.2.4. Company 4
9.2.5. Company 5
9.2.6. Company 6
9.2.7. Company 7
9.2.8. Company 8
10. Strategic Recommendations
11. Disclaimer
Table 1: Influencing Factors for Indoor Farming Market, 2023
Table 2: Argentina Indoor Farming Market Size and Forecast, By Growth Mechanism (2018 to 2029F) (In USD Million)
Table 3: Argentina Indoor Farming Market Size and Forecast, By Facility Type (2018 to 2029F) (In USD Million)
Table 4: Argentina Indoor Farming Market Size of Hydroponics (2018 to 2029) in USD Million
Table 5: Argentina Indoor Farming Market Size of Aeroponics (2018 to 2029) in USD Million
Table 6: Argentina Indoor Farming Market Size of Aquaponics (2018 to 2029) in USD Million
Table 7: Argentina Indoor Farming Market Size of Soil - based (2018 to 2029) in USD Million
Table 8: Argentina Indoor Farming Market Size of Hybrid (2018 to 2029) in USD Million
Table 9: Argentina Indoor Farming Market Size of Vertical Farms (2018 to 2029) in USD Million
Table 10: Argentina Indoor Farming Market Size of Greenhouse (2018 to 2029) in USD Million
Table 11: Argentina Indoor Farming Market Size of Others (2018 to 2029) in USD Million
Figure 1: Argentina Indoor Farming Market Size By Value (2018, 2023 & 2029F) (in USD Million)
Figure 2: Market Attractiveness Index, By Growth Mechanism
Figure 3: Market Attractiveness Index, By Facility Type
Figure 4: Porter's Five Forces of Argentina Indoor Farming Market
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