Global Smart Indoor Garden Market Size By Crop Type (Fruits & Vegetables, Herbs and Microgreens), By Growing System (Hydroponics, Aeroponics), By Geographic Scope And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
Global Smart Indoor Garden Market Size By Crop Type (Fruits & Vegetables, Herbs and Microgreens), By Growing System (Hydroponics, Aeroponics), By Geographic Scope And Forecast
Smart Indoor Garden Market Size And Forecast
Smart Indoor Garden Market size was valued at USD 136.16 Million in 2024 and is projected to reach USD 255.77 Million by 2031, growing at a CAGR of 8.20% from 2024 to 2031.
The increasing trends in interior designing, advancement in green technologies, rise in the greenhouse effect, and rise in disposable income, along with consumer awareness and acceptance are the factors driving the growth of the market. The Global Smart Indoor Garden Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
Global Smart Indoor Garden Market Definition
Smart Indoor Gardening is a Growing System that is used to grow vegetables, fruits, and flowers indoors. Without using any pesticides, , plant hormones, or any other chemical substances, a plant can be grown within our homes. This is a sustainable method of plant cultivation.
It is also observed that the vegetables grown in indoor gardening taste better as they are fresh and free from pesticides and other chemicals. The indoor garden is of various types such as , Aeroponics, Container Gardening, Corner Raised Beds, Microgreens Corner, living walls, etc.
The major application of indoor gardening is the production of organic vegetables and fruits, getting the high nutritional value from the plants, and production of fruits and vegetables in a small space with less requirement of water and other substances. These are affordable and do not require large land for cultivation.
What's inside a industry report?
Our reports include actionable data and forward-looking analysis that help you craft pitches, create business plans, build presentations and write proposals.
Global Smart Indoor Garden Market Overview
Advancements in green technologies, a rise in the greenhouse effect, a rise in disposable income, consumer awareness and acceptance, and increasing trends in interior designing are some of the major factors driving the market. The launch of new technologies and the increase in new products and services are significantly driving the market. As there is a significant rise in the global population, greater food production is required. According to WHO, the global population is estimated to hit 9.6 billion by 2050. As a result, farmers will be under a lot of pressure to increase their crop yields.
Hey, did you know the World Health Organization (WHO) says that a whopping 80% of people live in cities these days? Since there's not much farmland in urban areas, folks are finding new ways to grow their own food. The thing is, keeping plants alive indoors can be pricey – think about the costs of maintenance! Plus, it can be tough to get good advice and access to water in some places. And get thisnot enough funding is slowing down indoor farming research at universities, so it's harder for growers to get the data and knowledge they need to invest.
Moreover, the growth of the smart indoor garden market is hampered by unfavorable climatic conditions. Physical demarcations, such as live fences or hedges, fences, ditches, or mutually agreed-upon borders, may be used to define home gardens. Even for families who have very little to no land, new technologies and Growing Systems have made home gardening possible.
Due to technological advancements, the smart garden has become a convenient way of gardening. It utilizes a Wi-Fi-controlled technological gardening system. It comes with an app that allows you to control the device from your Android or iOS devices. These systems are meant to be used indoors to control lighting and provide nutrients to plants. They’re also fitted with self-watering systems and are specifically built for indoor use in small spaces without soil.
Global Smart Indoor Garden Market Segmentation Analysis
The Global Smart Indoor Garden Market is segmented based on Crop Type, Growing System, And Geography.
Smart Indoor Garden Market, By Crop Type
Fruits & Vegetables
Herbs and Microgreens
Flowers and Ornamentals
Based on Crop Type, the market is bifurcated into Fruits & Vegetables, Herbs and Microgreens, Flowers and Ornamentals. The Fruits & Vegetables segment accounted for the largest share and is anticipated to maintain its lead over the forecast period. This is attributed to the high revenue generation by Fruits & Vegetables in major geographies.
Smart Indoor Garden Market, By Growing System
Hydroponics
Aeroponics
Aquaponics
Soil-based
Hybrid
Based on Growing System, the market is bifurcated into Hydroponics, Aeroponics, Aquaponics, Soil-based, and Hybrid. Hydroponics dominated the market.
Smart Indoor Garden Market, By Geography
North America
Europe
Asia Pacific
Rest of the world
On the basis of Geography, the Global Smart Indoor Garden Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. North America held the largest revenue share in 2019 and is expected to maintain the lead throughout the forecast period. The U.S. accounted for the leading share in the North American market followed by Canada and Mexico. There is an expansion in the interest for manageable food creation in the Middle East, where accomplishing this is conceivable by receiving indoor vertical cultivating innovations in farming.
Key Players
The “Global Smart Indoor Garden Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Aero Farms, Bright Farms Inc, Bowery Inc, Fresh Box Farms., Metropolis Farms Inc, Garden Fresh Farms, Village Farms International Inc., Green Sense Farms LLC., Sky Greens (Sky Urban Solutions)., and Click and Grow.
The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Report Scope
REPORT ATTRIBUTES
DETAILS
STUDY PERIOD
2021-2031
BASE YEAR
2024
FORECAST PERIOD
2024-2031
HISTORICAL PERIOD
2021-2023
UNIT
Value(USD Million)
KEY COMPANIES PROFILED
Aero Farms, Bright Farms Inc, Bowery Inc, Fresh Box Farms., Metropolis Farms Inc, Garden Fresh Farms, Village Farms International Inc.
SEGMENTS COVERED
By Crop Type
By Growing System
By Geography
CUSTOMIZATION SCOPE
Free report customization (equivalent to up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope
Research Methodology of Market Research
To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our .
Reasons to Purchase this Report
We dive deep into the market with both qualitative and quantitative analysis, segmenting it based on everything from economics to less obvious factors. You'll get the market value (in USD Billion) for every slice and dice of the market. We'll pinpoint the region and segment expected to grow the fastest and become the leader. Expect a geographical breakdown, showing where the product/service is being used and what's influencing the market in each area. Our competitive landscape shows you where the big players rank, their new launches, partnerships, expansions, and acquisitions over the last five years – with detailed company profiles including overviews, insights, benchmarking, and SWOT analysis. Get a clear picture of the current and future market, highlighting growth opportunities, drivers, challenges, and restraints in both emerging and developed regions. We provide an in-depth look at the market through the lens of Porter's five forces analysis, giving you insights into the value chain and future growth opportunities. Plus, you get 6 months of analyst support after your purchase.
Customization of the Report
• In case of any please connect with our sales team, who will ensure that your requirements are met.
For a single, multi and corporate client license, the report will be available in PDF format.
Sample report would be given you in excel format. For more questions please contact:
Sample Report for Global Smart Indoor Garden Market Size By Crop Type (Fruits & Vegetables, Herbs and Microgreens), By Growing System (Hydroponics, Aeroponics), By Geographic Scope And Forecast