Plant Factory Market 2024-2031 Explosive Growth, Highly Accurate Outlook, and an Analysis of the Competitive Landscape Comprise the next big thing - Plenty Unlimited Inc., Bright Farms, Bowery Farming

The Plant Factory Market is anticipated to reach, at a CAGR of 7.8% during the forecast period 2024-2031.

DataM Intelligence has published a new research report on "Plant Factory Market Size 2024". The report explores comprehensive and insightful Information about various key factors like Segmentation, CAGR, business revenue competitive positioning of key companies, investigating elements such as product offerings, pricing strategies, financial performance, product portfolios, growth initiatives, and geographical reach. The purpose of this report is to provide a telescopic view of the current market size by value and volume, opportunities, and development status.

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A Plant Factory is a controlled environment facility designed for the production of crops using advanced agricultural technologies and practices. Unlike traditional farming, plant factories utilize artificial lighting, climate control systems, and hydroponic or aeroponic growing methods to optimize plant growth throughout the year, regardless of external weather conditions.

Key Developments:

On June 16, 2021, AppHarvest, Inc. announced a partnership with Rabo AgriFinance, a division of Rabobank, to secure $75 million in funding aimed at expanding its network of high-tech controlled environment agriculture (CEA) facilities in Central Appalachia. CEA is designed to utilize only rainwater and can achieve up to 90% water savings compared to traditional open-field agriculture.

On April 8, 2021, AppHarvest disclosed its acquisition of Root AI, a company specializing in artificial intelligence for farming, which develops intelligent robots to assist in the management of advanced indoor farms. The integration of Root AI's robotic universal harvester, Virgo, is expected to enhance AppHarvest's harvesting capabilities while enabling crop care experts to focus on more complex tasks.

On March 15, 2022, plans were announced for an indoor farm featuring a vertical growing system developed by CEA, intended to produce strawberries for Driscoll's and Plenty. This facility is designed to supply strawberries to clients in the Northeastern U.S., strategically located near densely populated urban areas.

Research Process:

Both primary and secondary data sources have been used in the global Plant Factory Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

List of the Key Players in the Plant Factory Market:

Plenty Unlimited Inc., Bright Farms, Bowery Farming, AppHarvest, AeroFarms, Crop One, Mirai Co. Ltd, Gotham Greens, Crop One and Sky Greens

Segment Covered in the Plant Factory Market:

By Facility: Greenhouses, Indoor Farms, Others

By Light: Sunlight, Fully Artificial Light

By Growing System: Non-Soil-Based, Soil-Base, Hybrid

By Crop: Fruits, Vegetables, Flowers & ornamental, Others

Regional Analysis:

The global Plant Factory Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa.

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Regional Analysis:

The global Plant Factory Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The report offers detailed insight into new product launches, new technology evolutions, innovative services, and ongoing R&D. The report discusses a qualitative and quantitative market analysis, including PEST analysis, SWOT analysis, and Porter's five force analysis. The Plant Factory Market report also provides fundamental details such as raw material sources, distribution networks, methodologies, production capacities, industry supply chain, and product specifications.

**The full version of the report includes an in-depth analysis of emerging players and startups, which will provide valuable insights into the evolving market landscape and key strategies being adopted**

Chapter Outline:

Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.

Chapter 2: key insights, key emerging trends, etc.

Chapter 3: Manufacturers competitive analysis, detailed analysis of Plant Factory manufacturers competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.

Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.

Chapter 5 & 6: Revenue of Plant Factory in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and market size of each country in the world.

Chapter 7: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 8: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.

Chapter 10: The main points and conclusions of the report.

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Frequently Asked Questions

Q1) How Big is the Plant Factory Market?

A) The global plant factory market reached it a CAGR of 7.8% during the forecast period (2024-2031)

Q2) Who are the key players of Plant Factory Market?

A) Key players are Plenty Unlimited Inc., Bright Farms, Bowery Farming, AppHarvest, AeroFarms, Crop One, Mirai Co. Ltd, Gotham Greens, Crop One and Sky Greens.

Q3) What are the regions covered in this report?

A) The global Plant Factory Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa

4) What are the Segments Coverd in this report?

A) The Plant Factory market is segmented as By Facility, By Light, By Growing System, By Crop, and By Region.

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