Plant Factory Market by Growing System (Non-soil-based, Soil-based, Hybrid), Crop Type (Fruits, Vegetables, Flowers & Ornamentals, Other Crop Types), Facility Type (Greenhouses, Indoor Farms), Light Type and Region - Global Forecast to 2028

Abstract
The plant factory market is projected to grow from USD 138 Million in 2023 to USD 196 Million by 2028, at a CAGR of 7.3% during the forecast period. Climate change is causing more frequent and severe weather events, which can damage crops and disrupt traditional farming methods. Plant factory systems offer a way to produce crops in a controlled environment, which is less vulnerable to weather-related disruptions.

The greenhouse segment is expected to account for the largest share in 2023.

Based on facility type, the greenhouse segment is projected to lead the plant factory market during the forecast period. As consumers become more interested in locally grown and sustainably produced food, the demand for indoor-grown produce is increasing. Advanced greenhouse facilities can meet this demand by producing high-quality crops year-round in a controlled environment, and plant factory systems can complement these facilities by providing a source of seedlings or young plants for transplanting into the greenhouse.

The Vegetables Segment is projected to dominate the market share in the crop type segment during the forecast period.

Based on the crop-type segment, the vegetables segment is projected to dominate the market share during the forecast period. Plant factories can also help improve the sustainability and efficiency of vegetable production. By using hydroponic or aeroponic systems, growers can reduce water usage, minimize fertilizer runoff, and optimize energy use. Additionally, plant factories can be located close to urban centers, reducing transportation costs and carbon emissions associated with long-distance food transport.

Europe is expected to account for the largest market share in 2023.

The Plant Factory market industry has been studied in North America, Europe, Asia Pacific, South America and Rest of the World. Europe accounted for the largest market share in 2023. According to the World Bank 2020, the EU’s percentage of arable land has been consistently dropping since 1960. Today, less than 25% of the region’s land area is arable.

With less than 15 percent of their land being arable, countries like Croatia, Estonia, and Slovenia are particularly affected by this problem. Companies and cities are turning to CEA in response to the problem of a lack of available space and land suitable for crop cultivation. As the amount of arable land in Europe decreases, it becomes more difficult to produce enough fresh, high-quality produce to meet local demand. Plant factories can help fill this gap by producing fresh, locally grown produce in urban areas, which can then be distributed to nearby communities. This can help to ensure a reliable supply of fresh produce even as the amount of arable land in Europe declines.

The break-up of the profile of primary participants in the plant factory market:
• By Company Type: Tier 1 – 60%, Tier 2 – 25%, and Tier 3 – 15%
• By Designation: C Level – 35%, Director Level – 45%, Others-20%
• By Region: Asia Pacific – 45%, Europe – 25%, North America – 10%, South America – 5%, and Rest of the World – 15%

Prominent companies include AeroFarms (US), Gotham Greens (US), BOWERY FARMING INC. (US), Oishii (US), Plenty Unlimited Inc. (US) among others.

Research Coverage:
This research report categorizes the plant factory market by Growing System (Soil-based, non-soil-based, and Hybrid), Facility Type (Greenhouses, Indoor Farms, Other Facility Types), Light Type (Sunlight, Full Artificial Light), Crop Type (Vegetables, Fruits, Flowers & Ornamentals, other crop type), and Region (North America, Europe, Asia Pacific, South America, and Rest of the World). The scope of the report covers detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of the plant factory market. A detailed analysis of the key industry players has been done to provide insights into their business overview, solutions, and services; key strategies; contracts, partnerships, agreements, new product & service launches, mergers and acquisitions, and recent developments associated with the plant factory market. Competitive analysis of upcoming startups in the plant factory market ecosystem is covered in this report.

Reasons to buy this report:
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall plant factory market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and to plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.

The report provides insights on the following pointers:
Analysis of key drivers (Higher yield as compared to traditional agriculture practices, Plant factories have lesser impact of external weather conditions), restraints (High capital investments, Requirement of high-precision environment), opportunity (Increased adoption of plant factories by restaurants and grocery stores amid the COVID-19 pandemic, Rise in demand for floriculture and ornamental horticulture), and challenges (Tapping into the organic food market, Risk of equipment failure and delay in the learning curve among growers, Spread of waterborne diseases and algae in closed systems) influencing the growth of the plant factory market.

•Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the plant factory market.
•Market Development: Comprehensive information about lucrative markets – the report analyses the plant factory market across varied regions.
•Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the plant factory market.
•Competitive Assessment: In-depth assessment of market shares, growth strategies and service offerings of leading players like AeroFarms (US), Gotham Greens (US), BOWERY FARMING INC. (US), Oishii (US), Plenty Unlimited Inc. (US) among others in the plant factory market strategies. The report also helps stakeholders understand the plant factory market and provides them with ainformation on key market drivers, restraints, challenges, and opportunities.

Content
Table of Contents

1INTRODUCTION37
1.1STUDY OBJECTIVES37
1.2MARKET DEFINITION38
1.3STUDY SCOPE38
1.3.1MARKETS COVERED38
FIGURE 1MARKET SEGMENTATION38
1.3.2REGIONS COVERED39
FIGURE 2PLANT FACTORY MARKET: GEOGRAPHIC SCOPE39
1.4INCLUSIONS & EXCLUSIONS39
1.5PERIODIZATION CONSIDERED40
1.6CURRENCY CONSIDERED40
TABLE 1US DOLLAR EXCHANGE RATES CONSIDERED, 2019–202241
1.7STAKEHOLDERS41
1.8SUMMARY OF CHANGES41
1.8.1RECESSION IMPACT42
2RESEARCH METHODOLOGY43
2.1RESEARCH DATA43
FIGURE 3PLANT FACTORY MARKET: RESEARCH DESIGN43
2.1.1SECONDARY DATA44
2.1.1.1Key data from secondary sources44
2.1.2PRIMARY DATA44
2.1.2.1Key data from primary sources45
2.1.2.2Key insights from industry experts46
2.1.2.3Breakdown of primary interviews46
FIGURE 4BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION46
2.2MARKET SIZE ESTIMATION47
2.2.1MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH48
FIGURE 5PLANT FACTORY MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH48
2.2.2MARKET SIZE ESTIMATION: TOP-DOWN APPROACH49
FIGURE 6PLANT FACTORY MARKET SIZE ESTIMATION: TOP-DOWN APPROACH49
FIGURE 7PLANT FACTORY MARKET SIZE ESTIMATION (DEMAND SIDE)50
FIGURE 8PLANT FACTORY MARKET SIZE ESTIMATION, BY CROP TYPE (SUPPLY SIDE)50
2.3DATA TRIANGULATION51
FIGURE 9DATA TRIANGULATION AND MARKET BREAKUP51
2.4GROWTH RATE FORECAST52
2.5ASSUMPTIONS52
FIGURE 10ASSUMPTIONS52
2.6LIMITATIONS AND ASSOCIATED RISKS53
TABLE 2LIMITATIONS AND ASSOCIATED RISKS53
2.7RECESSION IMPACT ANALYSIS53
2.7.1RECESSION IMPACT ON PLANT FACTORY MARKET54
2.7.1.1Macro indicators of recession54
FIGURE 11RECESSION INDICATORS AND IMPACT ON PLANT FACTORY MARKET54
FIGURE 12GLOBAL PLANT FACTORY MARKET: EARLIER FORECAST VS. RECESSION FORECAST54
3EXECUTIVE SUMMARY56
TABLE 3PLANT FACTORY MARKET SNAPSHOT, 2023 VS. 202857
FIGURE 13PLANT FACTORY MARKET SIZE, BY FACILITY TYPE, 2023 VS. 2028 (USD MILLION)57
FIGURE 14PLANT FACTORY MARKET SIZE, BY GROWING SYSTEM, 2023 VS. 2028 (USD MILLION)58
FIGURE 15PLANT FACTORY MARKET SIZE, BY CROP TYPE, 2023 VS. 2028 (USD MILLION)59
FIGURE 16PLANT FACTORY MARKET SIZE, BY LIGHT TYPE, 2023 VS. 2028 (USD MILLION)59
FIGURE 17PLANT FACTORY MARKET SHARE, BY REGION, 202260
4PREMIUM INSIGHTS61
4.1ATTRACTIVE OPPORTUNITIES FOR COMPANIES IN PLANT FACTORY MARKET61
FIGURE 18RISING POPULATION AND CONCERNS OVER FOOD SECURITY TO DRIVE GROWTH OF PLANT FACTORY MARKET61
4.2ASIA PACIFIC: PLANT FACTORY MARKET, BY CROP TYPE AND COUNTRY, 202262
FIGURE 19VEGETABLES SEGMENT AND CHINA TO ACCOUNT FOR LARGEST MARKET SHARES IN 202262
4.3PLANT FACTORY MARKET: REGIONAL SUBMARKETS63
FIGURE 20NETHERLANDS TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD63
4.4PLANT FACTORY MARKET, BY GROWING SYSTEM AND REGION, 2023 VS. 202863
FIGURE 21EUROPE TO DOMINATE PLANT FACTORY MARKET BY GROWING SYSTEM, 2023 VS. 202863
4.5PLANT FACTORY MARKET, BY CROP TYPE, 2023 VS. 202864
FIGURE 22VEGETABLES SEGMENT TO ACCOUNT FOR LARGEST MARKET SIZE DURING FORECAST PERIOD64
4.6PLANT FACTORY MARKET, BY FACILITY TYPE, 2023 VS. 202864
FIGURE 23GREENHOUSE SEGMENT TO ACCOUNT FOR LARGEST MARKET SIZE DURING FORECAST PERIOD64
5MARKET OVERVIEW65
5.1INTRODUCTION65
5.2MACROECONOMIC INDICATORS66
5.2.1INCREASING GLOBAL POPULATION66
FIGURE 24WORLD POPULATION BY GROUP OF ECONOMIES66
FIGURE 25WORLD POPULATION, 1950–202167
FIGURE 26POPULATION GROWTH TREND, 1950–205067
5.2.2RAPID URBANIZATION68
FIGURE 27NUMBER OF PEOPLE LIVING IN URBAN AND RURAL AREAS GLOBALLY68
FIGURE 28URBAN POPULATION BY GROUP OF ECONOMIES (PERCENTAGE OF TOTAL POPULATION)68
5.3MARKET DYNAMICS70
FIGURE 29DRIVER, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES: PLANT FACTORY MARKET70
5.3.1DRIVERS70
5.3.1.1Higher yield compared to traditional agricultural practices70
TABLE 4YIELD OF CROPS: SOIL CULTIVATION VS. HYDROPONICS (LBS/ACRE)72
5.3.1.2Low impact on external weather conditions72
5.3.2RESTRAINTS74
5.3.2.1High capital investments74
FIGURE 30BREAKEVEN COST OF PRODUCTION TO GROW AND DELIVER GREENS (DOLLARS PER POUND)75
FIGURE 31ELECTRICITY PRICES PAID BY INDUSTRIAL SECTOR (CENTS PER KILOWATT-HOUR)75
5.3.2.2Requirement of high-precision environment76
5.3.3OPPORTUNITIES76
5.3.3.1Increased adoption of plant factories by restaurants and grocery stores amid COVID-19 pandemic76
5.3.3.2Rising demand for floriculture and ornamental horticulture78
FIGURE 32INDIA: FRUITS & VEGETABLES, FLORICULTURE EXPORTS78
FIGURE 33CANADA: ORNAMENTAL SALES AND RESALES BY SUB-SECTOR (MILLIONS OF CANADIAN DOLLARS)79
5.3.4CHALLENGES80
5.3.4.1Tapping into organic food market80
FIGURE 34GLOBAL ORGANIC AGRICULTURAL LAND, 201981
FIGURE 35ORGANIC FOOD SALES IN US AND EUROPEAN UNION82
FIGURE 36COUNTRIES WITH HIGHEST PER CAPITA CONSUMPTION OF ORGANIC FOOD IN 201982
5.3.4.2Risk of equipment failure and delay in learning curve among growers82
5.3.4.3Spread of waterborne diseases and algae in closed systems83
6INDUSTRY TRENDS85
6.1INTRODUCTION85
6.2VALUE CHAIN ANALYSIS85
6.2.1RAW MATERIAL SUPPLIERS85
6.2.2PLANT FACTORY PROVIDERS85
6.2.3PLANT FACTORY TECHNOLOGY PROVIDERS86
 
6.2.4CONSULTING & MANAGEMENT SERVICES86
6.2.5END USERS86
FIGURE 37PLANT FACTORY MARKET: VALUE CHAIN ANALYSIS86
6.3TECHNOLOGY ANALYSIS86
6.3.1AUTOMATION AND ROBOTICS87
6.3.2DATA ANALYTICS AND MACHINE LEARNING87
6.4TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESSES88
FIGURE 38PLANT FACTORY MARKET: TRENDS/DISRUPTIONS IMPACTING BUYERS/CUSTOMERS88
6.5PATENT ANALYSIS89
FIGURE 39PATENTS GRANTED FOR PLANT FACTORY MARKET, 2012–202289
FIGURE 40REGIONAL ANALYSIS OF PATENTS GRANTED FOR PLANT FACTORY MARKET, 2012–202290
TABLE 5KEY PATENTS PERTAINING TO PLANT FACTORY MARKET (CROPS & TECHNOLOGIES), 202290
6.6ECOSYSTEM/MARKET MAP91
6.6.1DEMAND SIDE91
6.6.2SUPPLY SIDE91
FIGURE 41PLANT FACTORY MARKET: ECOSYSTEM/MARKET MAP92
TABLE 6PLANT FACTORY MARKET: ECOSYSTEM92
6.7TRADE SCENARIO93
FIGURE 42FRUITS: IMPORT VALUE BY KEY COUNTRY, 2018–2022 (USD THOUSAND)93
TABLE 7IMPORT DATA OF FRUITS FOR KEY COUNTRIES, 2022 (VALUE)94
FIGURE 43FRUITS: EXPORT VALUE BY KEY COUNTRY, 2018–2022 (USD THOUSAND)94
TABLE 8EXPORT DATA OF FRUITS FOR KEY COUNTRIES, 2022 (VALUE)95
FIGURE 44OTHER VEGETABLES: IMPORT VALUE BY KEY COUNTRY, 2018–2022 (USD THOUSAND)95
TABLE 9IMPORT DATA OF OTHER VEGETABLES FOR KEY COUNTRIES, 2022 (VALUE)96
FIGURE 45OTHER VEGETABLES: EXPORT VALUE BY KEY COUNTRY, 2018–2022 (USD THOUSAND)96
TABLE 10EXPORT DATA OF OTHER VEGETABLES FOR KEY COUNTRIES, 2022 (VALUE)97
6.8TARIFF AND REGULATORY LANDSCAPE97
6.8.1REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS97
TABLE 11NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS97
TABLE 12EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS98
TABLE 13ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS98
TABLE 14SOUTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS99
TABLE 15REST OF THE WORLD: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS99
 
6.8.2REGULATORY FRAMEWORK100
6.8.2.1North America100
6.8.2.2Europe101
6.8.2.3Asia Pacific101
6.8.2.3.1India101
6.8.2.3.2China102
6.8.2.3.3Japan102
6.9PORTER’S FIVE FORCES ANALYSIS102
TABLE 16PLANT FACTORY MARKET: PORTER’S FIVE FORCES ANALYSIS102
6.9.1INTENSITY OF COMPETITIVE RIVALRY103
6.9.2BARGAINING POWER OF SUPPLIERS103
6.9.3BARGAINING POWER OF BUYERS103
6.9.4THREAT OF SUBSTITUTES104
6.9.5THREAT OF NEW ENTRANTS104
6.10KEY STAKEHOLDERS AND BUYING CRITERIA104
6.10.1KEY STAKEHOLDERS IN BUYING PROCESS104
FIGURE 46INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR CROP TYPES105
TABLE 17INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR CROP TYPES105
6.10.2BUYING CRITERIA105
TABLE 18KEY CRITERIA FOR SELECTING SUPPLIERS/VENDORS106
FIGURE 47KEY CRITERIA FOR SELECTING SUPPLIERS/VENDORS106
6.11CASE STUDY ANALYSIS106
6.11.1USE CASE 1: GOODLEAF FARMS PROVIDED CANADIANS WITH FRESH, NUTRITIOUS, PESTICIDE-FREE BABY GREENS AND MICROGREENS106
6.11.2USE CASE 2: TOSHIBA LIGHTING & TECHNOLOGY CORPORATION HELPED SPREAD CO., LTD. ACHIEVE ENERGY SAVINGS AND REDUCE COSTS107
6.11.3USE CASE 3: SKY GREENS SAVED ON ELECTRICITY AND WATER BY USING NATURAL LIGHT SOURCES107
6.12KEY CONFERENCES & EVENTS IN 2023108
TABLE 19PLANT FACTORY MARKET: DETAILED LIST OF CONFERENCES & EVENTS, 2023108
7PLANT FACTORY MARKET, BY GROWING SYSTEM109
7.1INTRODUCTION110
FIGURE 48PLANT FACTORY MARKET, BY GROWING SYSTEM, 2023 VS. 2028 (USD MILLION)111
TABLE 20PLANT FACTORY MARKET, BY GROWING SYSTEM, 2019–2022 (USD MILLION)111
TABLE 21PLANT FACTORY MARKET, BY GROWING SYSTEM, 2023–2028 (USD MILLION)111
7.2NON-SOIL-BASED112
7.2.1BETTER YIELD AND NECESSITY TO GROW CROPS IN SMALLER SPACES TO DRIVE MARKET112
TABLE 22NON-SOIL-BASED: PLANT FACTORY MARKET, BY GROWING SYSTEM, 2019–2022 (USD MILLION)112
TABLE 23NON-SOIL-BASED: PLANT FACTORY MARKET, BY GROWING SYSTEM, 2023–2028 (USD MILLION)113
TABLE 24NON-SOIL-BASED: PLANT FACTORY MARKET, BY REGION, 2019–2022 (USD MILLION)113
TABLE 25NON-SOIL-BASED: PLANT FACTORY MARKET, BY REGION, 2023–2028 (USD MILLION)113
7.2.2HYDROPONICS114
7.2.3AEROPONICS114
7.2.4AQUAPONICS115
7.3SOIL-BASED116
7.3.1CLIMATE CHANGE AND INSUFFICIENT CROP PRODUCTIVITY TO DRIVE DEMAND FOR SOIL-BASED AGRICULTURE116
TABLE 26SOIL-BASED: PLANT FACTORY MARKET, BY REGION, 2019–2022 (USD MILLION)116
TABLE 27SOIL-BASED: PLANT FACTORY MARKET, BY REGION, 2023–2028 (USD MILLION)116
7.4HYBRID117
7.4.1HYBRID SYSTEMS TO OFFER DUAL ADVANTAGE FOR OPTIMUM PRODUCTION117
TABLE 28HYBRID: PLANT FACTORY MARKET, BY REGION, 2019–2022 (USD MILLION)117
TABLE 29HYBRID: PLANT FACTORY MARKET, BY REGION, 2023–2028 (USD MILLION)118
8PLANT FACTORY MARKET, BY CROP TYPE119
8.1INTRODUCTION120
FIGURE 49PLANT FACTORY MARKET, BY CROP TYPE, 2023 VS. 2028 (USD MILLION)121
TABLE 30PLANT FACTORY MARKET, BY CROP TYPE, 2019–2022 (USD MILLION)121
TABLE 31PLANT FACTORY MARKET, BY CROP TYPE, 2023–2028 (USD MILLION)121
TABLE 32PLANT FACTORY MARKET, BY VEGETABLE TYPE, 2019–2022 (USD MILLION)122
TABLE 33PLANT FACTORY MARKET, BY VEGETABLE TYPE, 2023–2028 (USD MILLION)122
TABLE 34VEGETABLES: PLANT FACTORY MARKET, BY LEAFY GREENS TYPE, 2019–2022 (USD MILLION)122
TABLE 35VEGETABLES: PLANT FACTORY MARKET, BY LEAFY GREENS TYPE, 2023–2028 (USD MILLION)123
TABLE 36VEGETABLES: PLANT FACTORY MARKET, BY HERBS & MICROGREENS TYPE, 2019–2022 (USD MILLION)123
TABLE 37VEGETABLES: PLANT FACTORY MARKET, BY HERBS & MICROGREENS TYPE, 2023–2028 (USD MILLION)123
TABLE 38PLANT FACTORY MARKET, BY FRUIT TYPE, 2019–2022 (USD MILLION)124
TABLE 39PLANT FACTORY MARKET, BY FRUIT TYPE, 2023–2028 (USD MILLION)124
TABLE 40PLANT FACTORY MARKET, BY FLOWERS & ORNAMENTALS TYPE, 2019–2022 (USD MILLION)124
TABLE 41PLANT FACTORY MARKET, BY FLOWERS & ORNAMENTALS TYPE, 2023–2028 (USD MILLION)124
8.2FRUITS125
8.2.1YEAR-ROUND HARVEST, REDUCED WATER USAGE, AND MINIMAL DAMAGE POSSIBILITIES TO DRIVE MARKET125
TABLE 42FRUITS: PLANT FACTORY MARKET, BY REGION, 2019–2022 (USD MILLION)126
TABLE 43FRUITS: PLANT FACTORY MARKET, BY REGION, 2023–2028 (USD MILLION)126
 
8.2.2BERRIES126
8.2.2.1Growing popularity of berries as healthy and delicious food to fuel production in plant factories126
8.2.3OTHER FRUITS127
8.3VEGETABLES128
8.3.1CONSISTENT NUTRIENT LEVELS, REDUCED PESTICIDE USE, AND LONGER SHELF LIFE TO DRIVE DEMAND128
TABLE 44VEGETABLES: PLANT FACTORY MARKET, BY REGION, 2019–2022 (USD MILLION)129
TABLE 45VEGETABLES: PLANT FACTORY MARKET, BY REGION, 2023–2028 (USD MILLION)129
8.3.2TOMATO129
8.3.2.1Enhanced nutritive value and reduced negative environmental impact to drive demand129
8.3.3LEAFY GREENS130
8.3.3.1Enhanced shelf-life, increased food safety, and security of supply to grow demand for leafy greens130
8.3.3.1.1Lettuce130
8.3.3.1.2Kale130
8.3.3.1.3Spinach131
8.3.3.1.4Other leafy greens131
8.3.4EGGPLANT132
8.3.4.1High sensitivity to external conditions to augment production of eggplants in plant factories132
8.3.5HERBS & MICROGREENS132
8.3.5.1Need to retain peak flavor intensity of microgreens to drive production in plant factories132
8.3.5.1.1Basil132
8.3.5.1.2Herbs133
8.3.5.1.3Tarragon133
8.3.5.1.4Wheatgrass133
8.3.6OTHER VEGETABLES134
8.4FLOWERS & ORNAMENTALS134
8.4.1REQUIREMENT FOR COMPLETE CONTROL OVER NUTRITIONAL FLOW AND MONITOR PH LEVELS TO DRIVE MARKET134
TABLE 46FLOWERS & ORNAMENTALS: PLANT FACTORY MARKET, BY REGION, 2019–2022 (USD MILLION)135
TABLE 47FLOWERS & ORNAMENTALS: PLANT FACTORY MARKET, BY REGION, 2023–2028 (USD MILLION)135
8.4.2PERENNIALS135
8.4.2.1Ease of production to drive market for perennials produced in plant factories135
8.4.3ANNUALS136
8.4.3.1Wider cultivation of ornamental annuals in indoor farms and greenhouses to boost market136
 
8.4.4BIENNIAL136
8.4.4.1Longer growth periods of biennials supplemented by secure environments to propel market136
8.5OTHER CROP TYPES136
TABLE 48OTHER CROP TYPES: PLANT FACTORY MARKET, BY REGION, 2019–2022 (USD MILLION)136
TABLE 49OTHER CROP TYPES: PLANT FACTORY MARKET, BY REGION, 2023–2028 (USD MILLION)137
9PLANT FACTORY MARKET, BY FACILITY TYPE138
9.1INTRODUCTION139
FIGURE 50PLANT FACTORY MARKET, BY FACILITY TYPE, 2023 VS. 2028 (USD MILLION)139
TABLE 50PLANT FACTORY MARKET, BY FACILITY TYPE, 2019–2022 (USD MILLION)140
TABLE 51PLANT FACTORY MARKET, BY FACILITY TYPE, 2023–2028 (USD MILLION)140
9.2GREENHOUSES140
9.2.1NEED TO PRODUCE WIDER CROP VARIETIES AND PROVIDE HIGHER PROFITABILITY AND GROWTH PROSPECTS TO BOOST MARKET140
TABLE 52GREENHOUSES: PLANT FACTORY MARKET, BY REGION, 2019–2022 (USD MILLION)141
TABLE 53GREENHOUSES: PLANT FACTORY MARKET, BY REGION, 2023–2028 (USD MILLION)141
9.3INDOOR FARMS142
9.3.1NEED TO FACILITATE MORE THAN THREE-FOLD YIELD THAN TRADITIONAL FARMING TO BOOST DEMAND142
TABLE 54INDOOR FARMS: PLANT FACTORY MARKET, BY REGION, 2019–2022 (USD MILLION)142
TABLE 55INDOOR FARMS: PLANT FACTORY MARKET, BY REGION, 2023–2028 (USD MILLION)143
9.4OTHER FACILITY TYPES143
TABLE 56OTHER FACILITY TYPES: PLANT FACTORY MARKET, BY REGION, 2019–2022 (USD MILLION)143
TABLE 57OTHER FACILITY TYPES: PLANT FACTORY MARKET, BY REGION, 2023–2028 (USD MILLION)144
10PLANT FACTORY MARKET, BY LIGHT TYPE145
10.1INTRODUCTION146
FIGURE 51PLANT FACTORY MARKET, BY LIGHT TYPE, 2023 VS. 2028 (USD MILLION)146
TABLE 58PLANT FACTORY MARKET, BY LIGHT TYPE, 2019–2022 (USD MILLION)146
TABLE 59PLANT FACTORY MARKET, BY LIGHT TYPE, 2023–2028 (USD MILLION)147
10.2FULL ARTIFICIAL LIGHT147
10.2.1NEED FOR PRECISE CONTROL OF GROWING CONDITIONS AND YEAR-ROUND PRODUCTION OF CROPS TO DRIVE MARKET147
TABLE 60FULL ARTIFICIAL LIGHT: PLANT FACTORY MARKET, BY REGION, 2019–2022 (USD MILLION)148
TABLE 61FULL ARTIFICIAL LIGHT: PLANT FACTORY MARKET, BY REGION, 2023–2028 (USD MILLION)148
10.3SUNLIGHT148
10.3.1NEED TO REDUCE ENERGY CONSUMPTION, DECREASE PRODUCTION COSTS, AND IMPROVE CROP QUALITY TO PROPEL MARKET148
TABLE 62SUNLIGHT: PLANT FACTORY MARKET, BY REGION, 2019–2022 (USD MILLION)149
TABLE 63SUNLIGHT: PLANT FACTORY MARKET, BY REGION, 2023–2028 (USD MILLION)150
11PLANT FACTORY MARKET, BY REGION151
11.1INTRODUCTION152
TABLE 64PLANT FACTORY MARKET, BY REGION, 2019–2022 (USD MILLION)153
TABLE 65PLANT FACTORY MARKET, BY REGION, 2023–2028 (USD MILLION)153
11.2ASIA PACIFIC154
11.2.1ASIA PACIFIC: RECESSION IMPACT ANALYSIS154
FIGURE 52ASIA PACIFIC PLANT FACTORY MARKET: RECESSION IMPACT ANALYSIS155
TABLE 66ASIA PACIFIC: PLANT FACTORY MARKET, BY COUNTRY, 2019–2022 (USD MILLION)156
TABLE 67ASIA PACIFIC: PLANT FACTORY MARKET, BY COUNTRY, 2023–2028 (USD MILLION)156
TABLE 68ASIA PACIFIC: PLANT FACTORY MARKET, BY GROWING SYSTEM, 2019–2022 (USD MILLION)156
TABLE 69ASIA PACIFIC: PLANT FACTORY MARKET, BY GROWING SYSTEM, 2023–2028 (USD MILLION)157
TABLE 70ASIA PACIFIC: PLANT FACTORY MARKET, BY NON-SOIL-BASED GROWING SYSTEM, 2019–2022 (USD MILLION)157
TABLE 71ASIA PACIFIC: PLANT FACTORY MARKET, BY NON-SOIL-BASED GROWING SYSTEM, 2023–2028 (USD MILLION)157
TABLE 72ASIA PACIFIC: PLANT FACTORY MARKET, BY FACILITY TYPE, 2019–2022 (USD MILLION)158
TABLE 73ASIA PACIFIC: PLANT FACTORY MARKET, BY FACILITY TYPE, 2023–2028 (USD MILLION)158
TABLE 74ASIA PACIFIC: PLANT FACTORY MARKET, BY LIGHT TYPE, 2019–2022 (USD MILLION)158
TABLE 75ASIA PACIFIC: PLANT FACTORY MARKET, BY LIGHT TYPE, 2023–2028 (USD MILLION)158
TABLE 76ASIA PACIFIC: PLANT FACTORY MARKET, BY CROP TYPE, 2019–2022 (USD MILLION)159
TABLE 77ASIA PACIFIC: PLANT FACTORY MARKET, BY CROP TYPE, 2023–2028 (USD MILLION)159
11.2.2CHINA159
11.2.2.1Youth opting to live in cities and population of agricultural workers getting older to drive market159
TABLE 78CHINA: PLANT FACTORY MARKET, BY GROWING SYSTEM, 2019–2022 (USD MILLION)160
TABLE 79CHINA: PLANT FACTORY MARKET, BY GROWING SYSTEM, 2023–2028 (USD MILLION)160
TABLE 80CHINA: PLANT FACTORY MARKET, BY FACILITY TYPE, 2019–2022 (USD MILLION)160
TABLE 81CHINA: PLANT FACTORY MARKET, BY FACILITY TYPE, 2023–2028 (USD MILLION)161
11.2.3JAPAN161
11.2.3.1Advancements in automation and AI technologies and availability of limited space to propel market161
TABLE 82JAPAN: PLANT FACTORY MARKET, BY GROWING SYSTEM, 2019–2022 (USD MILLION)161
TABLE 83JAPAN: PLANT FACTORY MARKET, BY GROWING SYSTEM, 2023–2028 (USD MILLION)162
TABLE 84JAPAN: PLANT FACTORY MARKET, BY FACILITY TYPE, 2019–2022 (USD MILLION)162
TABLE 85JAPAN: PLANT FACTORY MARKET, BY FACILITY TYPE, 2023–2028 (USD MILLION)162
11.2.4SINGAPORE162
11.2.4.1Food security concerns, extensive R&D, and adoption of technical advancements to propel market162
TABLE 86SINGAPORE: PLANT FACTORY MARKET, BY GROWING SYSTEM, 2019–2022 (USD MILLION)163
TABLE 87SINGAPORE: PLANT FACTORY MARKET, BY GROWING SYSTEM, 2023–2028 (USD MILLION)163
TABLE 88SINGAPORE: PLANT FACTORY MARKET, BY FACILITY TYPE, 2019–2022 (USD MILLION)164
TABLE 89SINGAPORE: PLANT FACTORY MARKET, BY FACILITY TYPE, 2023–2028 (USD MILLION)164
11.2.5INDIA164
11.2.5.1Rising concerns about food security and growing population to drive demand for plant factories164
TABLE 90INDIA: PLANT FACTORY MARKET, BY GROWING SYSTEM, 2019–2022 (USD MILLION)165
TABLE 91INDIA: PLANT FACTORY MARKET, BY GROWING SYSTEM, 2023–2028 (USD MILLION)165
TABLE 92INDIA: PLANT FACTORY MARKET, BY FACILITY TYPE, 2019–2022 (USD MILLION)166
TABLE 93INDIA: PLANT FACTORY MARKET, BY FACILITY TYPE, 2023–2028 (USD MILLION)166
11.2.6AUSTRALIA & NEW ZEALAND166
11.2.6.1Harsh climatic conditions, need to reduce reliance on imported products, and scarcity of fresh water to drive market166
TABLE 94AUSTRALIA & NEW ZEALAND: PLANT FACTORY MARKET, BY GROWING SYSTEM, 2019–2022 (USD MILLION)167
TABLE 95AUSTRALIA & NEW ZEALAND: PLANT FACTORY MARKET, BY GROWING SYSTEM, 2023–2028 (USD MILLION)167
TABLE 96AUSTRALIA & NEW ZEALAND: PLANT FACTORY MARKET, BY FACILITY TYPE, 2019–2022 (USD MILLION)168
TABLE 97AUSTRALIA & NEW ZEALAND: PLANT FACTORY MARKET, BY FACILITY TYPE, 2023–2028 (USD MILLION)168
 
11.2.7SOUTH KOREA168
11.2.7.1Favorable government legislation and investments by major players168
TABLE 98SOUTH KOREA: PLANT FACTORY MARKET, BY GROWING SYSTEM, 2019–2022 (USD MILLION)169
TABLE 99SOUTH KOREA: PLANT FACTORY MARKET, BY GROWING SYSTEM, 2023–2028 (USD MILLION)169
TABLE 100SOUTH KOREA: PLANT FACTORY MARKET, BY FACILITY TYPE, 2019–2022 (USD MILLION)170
TABLE 101SOUTH KOREA: PLANT FACTORY MARKET, BY FACILITY TYPE, 2023–2028 (USD MILLION)170
11.2.8TAIWAN170
11.2.8.1Limited agricultural land and destructive calamities to drive demand for plant factories170
TABLE 102TAIWAN: PLANT FACTORY MARKET, BY GROWING SYSTEM, 2019–2022 (USD MILLION)171
TABLE 103TAIWAN: PLANT FACTORY MARKET, BY GROWING SYSTEM, 2023–2028 (USD MILLION)171
TABLE 104TAIWAN: PLANT FACTORY MARKET, BY FACILITY TYPE, 2019–2022 (USD MILLION)171
TABLE 105TAIWAN: PLANT FACTORY MARKET, BY FACILITY TYPE, 2023–2028 (USD MILLION)171
11.2.9REST OF ASIA PACIFIC172
TABLE 106REST OF ASIA PACIFIC: PLANT FACTORY MARKET, BY GROWING SYSTEM, 2019–2022 (USD MILLION)172
TABLE 107REST OF ASIA PACIFIC: PLANT FACTORY MARKET, BY GROWING SYSTEM, 2023–2028 (USD MILLION)173
TABLE 108REST OF ASIA PACIFIC: PLANT FACTORY MARKET, BY FACILITY TYPE, 2019–2022 (USD MILLION)173
TABLE 109REST OF ASIA PACIFIC: PLANT FACTORY MARKET, BY FACILITY TYPE, 2023–2028 (USD MILLION)173
11.3EUROPE173
11.3.1EUROPE: RECESSION IMPACT ANALYSIS175
FIGURE 53EUROPEAN PLANT FACTORY MARKET: RECESSION IMPACT ANALYSIS176
FIGURE 54EUROPE: PLANT FACTORY MARKET SNAPSHOT177
TABLE 110EUROPE: PLANT FACTORY MARKET, BY COUNTRY, 2019–2022 (USD MILLION)178
TABLE 111EUROPE: PLANT FACTORY MARKET, BY COUNTRY, 2023–2028 (USD MILLION)178
TABLE 112EUROPE: PLANT FACTORY MARKET, BY GROWING SYSTEM, 2019–2022 (USD MILLION)178
TABLE 113EUROPE: PLANT FACTORY MARKET, BY GROWING SYSTEM, 2023–2028 (USD MILLION)179
TABLE 114EUROPE: PLANT FACTORY MARKET, BY NON-SOIL-BASED GROWING SYSTEM, 2019–2022 (USD MILLION)179
TABLE 115EUROPE: PLANT FACTORY MARKET, BY NON-SOIL-BASED GROWING SYSTEM, 2023–2028 (USD MILLION)179
TABLE 116EUROPE: PLANT FACTORY MARKET, BY FACILITY TYPE, 2019–2022 (USD MILLION)179
TABLE 117EUROPE: PLANT FACTORY MARKET, BY FACILITY TYPE, 2023–2028 (USD MILLION)180
TABLE 118EUROPE: PLANT FACTORY MARKET, BY LIGHT TYPE, 2019–2022 (USD MILLION)180
TABLE 119EUROPE: PLANT FACTORY MARKET, BY LIGHT TYPE, 2023–2028 (USD MILLION)180
TABLE 120EUROPE: PLANT FACTORY MARKET, BY CROP TYPE, 2019–2022 (USD MILLION)180
TABLE 121EUROPE: PLANT FACTORY MARKET, BY CROP TYPE, 2023–2028 (USD MILLION)181
11.3.2NETHERLANDS181
11.3.2.1Higher prices and increasing export volume of agricultural products to drive demand for efficient farming181
TABLE 122NETHERLANDS: PLANT FACTORY MARKET, BY GROWING SYSTEM, 2019–2022 (USD MILLION)182
TABLE 123NETHERLANDS: PLANT FACTORY MARKET, BY GROWING SYSTEM, 2023–2028 (USD MILLION)182
TABLE 124NETHERLANDS: PLANT FACTORY MARKET, BY FACILITY TYPE, 2019–2022 (USD MILLION)182
TABLE 125NETHERLANDS: PLANT FACTORY MARKET, BY FACILITY TYPE, 2023–2028 (USD MILLION)183
11.3.3SPAIN183
11.3.3.1Increasing investments and advanced setups to achieve higher volumes of products to drive market183
TABLE 126SPAIN: PLANT FACTORY MARKET, BY GROWING SYSTEM, 2019–2022 (USD MILLION)184
TABLE 127SPAIN: PLANT FACTORY MARKET, BY GROWING SYSTEM, 2023–2028 (USD MILLION)184
TABLE 128SPAIN: PLANT FACTORY MARKET, BY FACILITY TYPE, 2019–2022 (USD MILLION)184
TABLE 129SPAIN: PLANT FACTORY MARKET, BY FACILITY TYPE, 2023–2028 (USD MILLION)184
11.3.4ITALY185
11.3.4.1Rising organic croplands and demand for out-of-season products to boost demand for plant factories185
TABLE 130ITALY: PLANT FACTORY MARKET, BY GROWING SYSTEM, 2019–2022 (USD MILLION)185
TABLE 131ITALY: PLANT FACTORY MARKET, BY GROWING SYSTEM, 2023–2028 (USD MILLION)186
TABLE 132ITALY: PLANT FACTORY MARKET, BY FACILITY TYPE, 2019–2022 (USD MILLION)186
TABLE 133ITALY: PLANT FACTORY MARKET, BY FACILITY TYPE, 2023–2028 (USD MILLION)186
11.3.5UK186
11.3.5.1Shortage of agricultural workers and regulations and restrictions due to Brexit to propel market186
TABLE 134UK: PLANT FACTORY MARKET, BY GROWING SYSTEM, 2019–2022 (USD MILLION)187
TABLE 135UK: PLANT FACTORY MARKET, BY GROWING SYSTEM, 2023–2028 (USD MILLION)187
TABLE 136UK: PLANT FACTORY MARKET, BY FACILITY TYPE, 2019–2022 (USD MILLION)188
TABLE 137UK: PLANT FACTORY MARKET, BY FACILITY TYPE, 2023–2028 (USD MILLION)188
11.3.6FRANCE188
11.3.6.1Decline in agricultural land and continuous urbanization to lead to gradual adoption of modern farming techniques188
TABLE 138FRANCE: PLANT FACTORY MARKET, BY GROWING SYSTEM, 2019–2022 (USD MILLION)189
TABLE 139FRANCE: PLANT FACTORY MARKET, BY GROWING SYSTEM, 2023–2028 (USD MILLION)189
TABLE 140FRANCE: PLANT FACTORY MARKET, BY FACILITY TYPE, 2019–2022 (USD MILLION)189
TABLE 141FRANCE: PLANT FACTORY MARKET, BY FACILITY TYPE, 2023–2028 (USD MILLION)190
11.3.7TURKEY190
11.3.7.1Availability of alternative energy sources and growing interest in soilless crop cultivation to boost market190
TABLE 142TURKEY: PLANT FACTORY MARKET, BY GROWING SYSTEM, 2019–2022 (USD MILLION)191
TABLE 143TURKEY: PLANT FACTORY MARKET, BY GROWING SYSTEM, 2023–2028 (USD MILLION)191
TABLE 144TURKEY: PLANT FACTORY MARKET, BY FACILITY TYPE, 2019–2022 (USD MILLION)191
TABLE 145TURKEY: PLANT FACTORY MARKET, BY FACILITY TYPE, 2023–2028 (USD MILLION)191
11.3.8REST OF EUROPE192
TABLE 146REST OF EUROPE: PLANT FACTORY MARKET, BY GROWING SYSTEM, 2019–2022 (USD MILLION)192
TABLE 147REST OF EUROPE: PLANT FACTORY MARKET, BY GROWING SYSTEM, 2023–2028 (USD MILLION)193
TABLE 148REST OF EUROPE: PLANT FACTORY MARKET, BY FACILITY TYPE, 2019–2022 (USD MILLION)193
TABLE 149REST OF EUROPE: PLANT FACTORY MARKET, BY FACILITY TYPE, 2023–2028 (USD MILLION)193
11.4NORTH AMERICA194
11.4.1NORTH AMERICA: RECESSION IMPACT ANALYSIS195
FIGURE 55NORTH AMERICAN PLANT FACTORY MARKET: RECESSION IMPACT ANALYSIS196
TABLE 150NORTH AMERICA: PLANT FACTORY MARKET, BY COUNTRY, 2019–2022 (USD MILLION)196
TABLE 151NORTH AMERICA: PLANT FACTORY MARKET, BY COUNTRY, 2023–2028 (USD MILLION)197
TABLE 152NORTH AMERICA: PLANT FACTORY MARKET, BY GROWING SYSTEM, 2019–2022 (USD MILLION)197
TABLE 153NORTH AMERICA: PLANT FACTORY MARKET, BY GROWING SYSTEM, 2023–2028 (USD MILLION)197
TABLE 154NORTH AMERICA: PLANT FACTORY MARKET, BY NON-SOIL-BASED GROWING SYSTEM, 2019–2022 (USD MILLION)198
TABLE 155NORTH AMERICA: PLANT FACTORY MARKET, BY NON-SOIL-BASED GROWING SYSTEM, 2023–2028 (USD MILLION)198
TABLE 156NORTH AMERICA: PLANT FACTORY MARKET, BY FACILITY TYPE, 2019–2022 (USD MILLION)198
TABLE 157NORTH AMERICA: PLANT FACTORY MARKET, BY FACILITY TYPE, 2023–2028 (USD MILLION)199
TABLE 158NORTH AMERICA: PLANT FACTORY MARKET, BY LIGHT TYPE, 2019–2022 (USD MILLION)199
TABLE 159NORTH AMERICA: PLANT FACTORY MARKET, BY LIGHT TYPE, 2023–2028 (USD MILLION)199
TABLE 160NORTH AMERICA: PLANT FACTORY MARKET, BY CROP TYPE, 2019–2022 (USD MILLION)199
TABLE 161NORTH AMERICA: PLANT FACTORY MARKET, BY CROP TYPE, 2023–2028 (USD MILLION)200
11.4.2US200
11.4.2.1Loss of favorable farmlands and need to boost overall crop productivity to drive demand for plant factories200
TABLE 162US: PLANT FACTORY MARKET, BY GROWING SYSTEM, 2019–2022 (USD MILLION)201
TABLE 163US: PLANT FACTORY MARKET, BY GROWING SYSTEM, 2023–2028 (USD MILLION)201
TABLE 164US: PLANT FACTORY MARKET, BY FACILITY TYPE, 2019–2022 (USD MILLION)201
TABLE 165US: PLANT FACTORY MARKET, BY FACILITY TYPE, 2023–2028 (USD MILLION)202
11.4.3CANADA202
11.4.3.1Unfavorable weather conditions and awareness of modern farming techniques to drive market202
TABLE 166CANADA: PLANT FACTORY MARKET, BY GROWING SYSTEM, 2019–2022 (USD MILLION)203
TABLE 167CANADA: PLANT FACTORY MARKET, BY GROWING SYSTEM, 2023–2028 (USD MILLION)203
TABLE 168CANADA: PLANT FACTORY MARKET, BY FACILITY TYPE, 2019–2022 (USD MILLION)203
TABLE 169CANADA: PLANT FACTORY MARKET, BY FACILITY TYPE, 2023–2028 (USD MILLION)204
11.4.4MEXICO204
11.4.4.1Need to reduce carbon footprint and crop cultivation in water scarcity to drive demand for plant factories204
TABLE 170MEXICO: PLANT FACTORY MARKET, BY GROWING SYSTEM, 2019–2022 (USD MILLION)205
TABLE 171MEXICO: PLANT FACTORY MARKET, BY GROWING SYSTEM, 2023–2028 (USD MILLION)205
TABLE 172MEXICO: PLANT FACTORY MARKET, BY FACILITY TYPE, 2019–2022 (USD MILLION)205
TABLE 173MEXICO: PLANT FACTORY MARKET, BY FACILITY TYPE, 2023–2028 (USD MILLION)206
11.5`REST OF THE WORLD206
11.5.1ROW: RECESSION IMPACT ANALYSIS206
FIGURE 56ROW PLANT FACTORY MARKET: RECESSION IMPACT ANALYSIS208
TABLE 174ROW: PLANT FACTORY MARKET, BY SUBREGION, 2019–2022 (USD MILLION)208
TABLE 175ROW: PLANT FACTORY MARKET, BY SUBREGION, 2023–2028 (USD MILLION)209
TABLE 176ROW: PLANT FACTORY MARKET, BY GROWING SYSTEM, 2019–2022 (USD MILLION)209
TABLE 177ROW: PLANT FACTORY MARKET, BY GROWING SYSTEM, 2023–2028 (USD MILLION)209
TABLE 178ROW: PLANT FACTORY MARKET, BY NON-SOIL-BASED GROWING SYSTEM, 2019–2022 (USD MILLION)209
TABLE 179ROW: PLANT FACTORY MARKET, BY NON-SOIL-BASED GROWING SYSTEM, 2023–2028 (USD MILLION)210
TABLE 180ROW: PLANT FACTORY MARKET, BY FACILITY TYPE, 2019–2022 (USD MILLION)210
TABLE 181ROW: PLANT FACTORY MARKET, BY FACILITY TYPE, 2023–2028 (USD MILLION)210
TABLE 182ROW: PLANT FACTORY MARKET, BY LIGHT TYPE, 2019–2022 (USD MILLION)210
TABLE 183ROW: PLANT FACTORY MARKET, BY LIGHT TYPE, 2023–2028 (USD MILLION)211
TABLE 184ROW: PLANT FACTORY MARKET, BY CROP TYPE, 2019–2022 (USD MILLION)211
TABLE 185ROW: PLANT FACTORY MARKET, BY CROP TYPE, 2023–2028 (USD MILLION)211
11.5.2AFRICA211
11.5.2.1Integration of technologies and government initiatives to augment agricultural sector to drive market211
TABLE 186AFRICA: PLANT FACTORY MARKET, BY GROWING SYSTEM, 2019–2022 (USD MILLION)212
TABLE 187AFRICA: PLANT FACTORY MARKET, BY GROWING SYSTEM, 2023–2028 (USD MILLION)212
TABLE 188AFRICA: PLANT FACTORY MARKET, BY FACILITY TYPE, 2019–2022 (USD MILLION)213
TABLE 189AFRICA: PLANT FACTORY MARKET, BY FACILITY TYPE, 2023–2028 (USD MILLION)213
11.5.3MIDDLE EAST213
11.5.3.1Lack of fresh water for agriculture and arable land to augment demand for CEA practices213
TABLE 190MIDDLE EAST: PLANT FACTORY MARKET, BY GROWING SYSTEM, 2019–2022 (USD MILLION)214
TABLE 191MIDDLE EAST: PLANT FACTORY MARKET, BY GROWING SYSTEM, 2023–2028 (USD MILLION)214
TABLE 192MIDDLE EAST: PLANT FACTORY MARKET, BY FACILITY TYPE, 2019–2022 (USD MILLION)214
TABLE 193MIDDLE EAST: PLANT FACTORY MARKET, BY FACILITY TYPE, 2023–2028 (USD MILLION)215
11.6SOUTH AMERICA215
11.7SOUTH AMERICA: RECESSION IMPACT ANALYSIS215
FIGURE 57SOUTH AMERICAN PLANT FACTORY MARKET: RECESSION IMPACT ANALYSIS217
TABLE 194SOUTH AMERICA: PLANT FACTORY MARKET, BY COUNTRY, 2019–2022 (USD MILLION)217
TABLE 195SOUTH AMERICA: PLANT FACTORY MARKET, BY COUNTRY, 2023–2028 (USD MILLION)218
TABLE 196SOUTH AMERICA: PLANT FACTORY MARKET, BY GROWING SYSTEM, 2019–2022 (USD MILLION)218
TABLE 197SOUTH AMERICA: PLANT FACTORY MARKET, BY GROWING SYSTEM, 2023–2028 (USD MILLION)218
TABLE 198SOUTH AMERICA: PLANT FACTORY MARKET, BY NON-SOIL-BASED GROWING SYSTEM, 2019–2022 (USD MILLION)219
TABLE 199SOUTH AMERICA: PLANT FACTORY MARKET, BY NON-SOIL-BASED GROWING SYSTEM, 2023–2028 (USD MILLION)219
TABLE 200SOUTH AMERICA: PLANT FACTORY MARKET, BY FACILITY TYPE, 2019–2022 (USD MILLION)219
TABLE 201SOUTH AMERICA: PLANT FACTORY MARKET, BY FACILITY TYPE, 2023–2028 (USD MILLION)220
TABLE 202SOUTH AMERICA: PLANT FACTORY MARKET, BY LIGHT TYPE, 2019–2022 (USD MILLION)220
TABLE 203SOUTH AMERICA: PLANT FACTORY MARKET, BY LIGHT TYPE, 2023–2028 (USD MILLION)220
TABLE 204SOUTH AMERICA: PLANT FACTORY MARKET, BY CROP TYPE, 2019–2022 (USD MILLION)220
TABLE 205SOUTH AMERICA: PLANT FACTORY MARKET, BY CROP TYPE, 2023–2028 (USD MILLION)221
11.7.1BRAZIL221
11.7.1.1Limited water resources and increasing population t