Micro Farming Market- By Farm Type, By Growing Medium, By Farming, By Crop Type, By Geography - Industry Forecast, 2024-2030.
Micro Farming Market Overview:
Micro Farming market - Report Coverage:
COVID-19 / Ukraine Crisis - Impact Analysis:
Key Takeaways:
Key Market Players:
Product/Service launches, approvals, patents and events, acquisitions, partnerships and collaborations are key strategies adopted by players in the Micro Farming Market. The top 10 companies in this industry are listed below:
- GrowUp Farms Ltd.
- Argus Control Systems Ltd.
- Sky Urban Solutions Holding Pte Ltd.
- Freight Farms, Inc.
- BrightFarms, Inc.
- General Hydroponics, Inc.
- Gotham Greens Holdings, LLC
- UrbanFarmers AG
- AeroFarm Systems
- Altius Farms, Inc.
Scope of Report:
Report Metric | Details |
---|---|
Base Year Considered |
2023 |
Forecast Period |
2024–2030 |
CAGR |
4.7% |
Market Size in 2030 |
$338 billion |
Segments Covered |
Farm Type, By Growing Medium, By Farming, By Crop Type, By Geography |
Geographies Covered |
North America (U.S., Canada and Mexico), Europe (Germany, France, UK, Italy, Spain, Russia and Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia, New Zealand and Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia and Rest of South America), Rest of the World (Middle East and Africa). |
Key Market Players |
● GrowUp Farms Ltd. ● Argus Control Systems Ltd. ● Sky Urban Solutions Holding Pte Ltd. ● Freight Farms, Inc. ● BrightFarms, Inc. ● General Hydroponics, Inc. ● Gotham Greens Holdings, LLC. ● UrbanFarmers AG ● AeroFarm Systems ● Altius Farms, Inc |
The Micro Farming Market is projected to grow at 4.7% CAGR during the forecast period 2023-2030.
The global Micro Farming Market size is estimated to be $245 billion in 2023 and is projected to reach $338 billion by 2030.
The leading players in the Micro Farming market are GrowUp Farms Ltd., Argus Control Systems Ltd., Sky Urban Solutions Holding Pte Ltd., Freight Farms, Inc., BrightFarms, Inc., General Hydroponics, Inc., Gotham Greens Holdings, LLC., UrbanFarmers AG, AeroFarm Systems and Altius Farms, Inc.
The Micro Farming market is expected to experience significant growth in the coming years due to several trends in Vertical and Indoor Farming, Sustainable and Regenerative Practices, Local Food Movements, Collaborative Farming Models and Integration with Smart Cities. These are some major trends that will shape the micro farming market in the future.
Rising Demand for Local and Fresh Produce, Urbanization and Limited Arable Land, Food Security and Self-Sufficiency, Sustainable and Environmentally Friendly Practices, Year-Round Crop Production are some driving factors and opportunities for the Micro Farming market.