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

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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.

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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 ATTRIBUTESDETAILS
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
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