Southeast Asia Indoor Farming Market Is Expected Significant Growth in the Near Future
The latest report by MarkNtel Advisors, titled “Southeast Asia Indoor Farming Market” Size study report 2024-30 provides an in-depth examination of revenue growth, market definition, segmentation, industry potential, and influential trends to help comprehend the market’s future outlook and existing prospects. Southeast Asia Indoor Farming Market Share, Size, and Industry Analysis. By Facility (Greenhouses, Indoor Vertical Farms, Container Farms, Indoor Deep Water Culture Systems), By Type (Aeroponics, Hydroponics, Aquaponics, Vertical Farming), By Crop, (Fruits, [Vegetables, Leafy Greens, Other Vegetables (Eggplant, Tomato, Bell Peppers, Chilies, etc.)], Herbs and Microgreens, Flowers and Ornamentals), By Component (Hardware, [Climate Control Systems, Lightening Systems, Sensors, Irrigation Systems], Software, [Web-Based, Cloud-Based]). The Southeast Asia Indoor Farming Market size is projected to grow at a CAGR of around 7.20% during the forecast period, i.e., 2024-30.
Key Highlights of the Market Report:
- Detailed overview of the market share
- Changing market dynamics of the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape of Southeast Asia Indoor Farming Market
- Strategies of key players and product offerings
- Potential and niche segments/regions exhibiting promising market growth
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Southeast Asia Indoor Farming Market Driver:
Limited Availability of Arable Land in the Region – Arable land in countries like Singapore and Malaysia has been continuously decreasing over the past few years, owing to rapid urbanization, expanding cities, and growing populations. As per the World Bank, the population of countries like Singapore and Malaysia has been constantly rising in recent years. For instance, the population of Singapore was approximately 5.45 million in 2021 as compared to 5.64 million in 2022 as per the Singapore government, and similarly, the population of Malaysia stood at around 33.5 million in 2021 and rose to nearly 33.8 million in 2022 as per the Department of Statistics Malaysia.
As a result of an increase in population, the arable land per capita is decreasing in these countries, which is driving the growth of indoor farming in the region because indoor farming methods can produce large amounts of crops per unit area as compared to traditional farming while using fewer resources such as water and fertilizers.
Southeast Asia Indoor Farming Market Segmentation
By Facility
-Greenhouses- Market Size & Forecast 2019-2030, (USD Million)
-Indoor Vertical Farms- Market Size & Forecast 2019-2030, (USD Million)
-Container Farms- Market Size & Forecast 2019-2030, (USD Million)
-Indoor Deep Water Culture Systems – Market Size & Forecast 2019-2030, (USD Million)
By Type
-Aeroponics- Market Size & Forecast 2019-2030, (USD Million)
-Hydroponics- Market Size & Forecast 2019-2030, (USD Million)
-Aquaponics- Market Size & Forecast 2019-2030, (USD Million)
-Vertical Farming- Market Size & Forecast 2019-2030, (USD Million)
By Crop
-Fruits – Market Size & Forecast 2019-2030, (USD Million)
-Vegetables- Market Size & Forecast 2019-2030, (USD Million)
–Leafy Greens- Market Size & Forecast 2019-2030, (USD Million)
–Other Vegetables (Eggplant, Tomato, Bell Peppers, Chilies, etc.) – Market Size & Forecast 2019-2030, (USD Million)
-Herbs and Microgreens- Market Size & Forecast 2019-2030, (USD Million)
-Flowers and Ornamentals- Market Size & Forecast 2019-2030, (USD Million)
By Component
-Hardware- Market Size & Forecast 2019-2030, (USD Million)
–Climate Control Systems- Market Size & Forecast 2019-2030, (USD Million)
–Lightening Systems- Market Size & Forecast 2019-2030, (USD Million)
–Sensors- Market Size & Forecast 2019-2030, (USD Million)
–Irrigation Systems – Market Size & Forecast 2019-2030, (USD Million)
-Software- Market Size & Forecast 2019-2030, (USD Million)
–Web-Based-Market Size & Forecast 2019-2030, (USD Million)
–Cloud-Based- Market Size & Forecast 2019-2030, (USD Million)
By Country
-Indonesia
-Vietnam
-Malaysia
-Singapore
-Thailand
-The Philippines
-Rest of Southeast Asia
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Major Key Players in Southeast Asia Indoor Farming Market research report:
Verti Veggies
-Business Description
-Facility Portfolio
-Strategic Alliances or Partnerships
-Recent Developments
-Financial Details
-Others
Kalera
-Business Description
-Facility Portfolio
-Strategic Alliances or Partnerships
-Recent Developments
-Financial Details
-Others
Ariane Tech
-Business Description
-Facility Portfolio
-Strategic Alliances or Partnerships
-Recent Developments
-Financial Details
-Others
Upgrown Farming
-Business Description
-Facility Portfolio
-Strategic Alliances or Partnerships
-Recent Developments
-Financial Details
-Others
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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