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The indoor farming technologies market size is forecast to increase by USD 6.58 billion, at a CAGR of 20.1% between 2023 and 2028. Indoor farming technologies, including aquaponics and aeroponics, are gaining traction in the market due to their ability to address critical farming challenges. These innovative farming methods enable the reduction of water usage and chemicals, making them more sustainable and eco-friendly. The increasing focus on urban farming and food security is fueling the growth of this sector. Lighting is a significant consideration, with LED lights being a popular choice due to their energy efficiency and ability to mimic natural light. Moreover, it is driving advancements in pharmaceutical development, with applications in producing monoclonal antibodies, bio-inks, and vaccines. The soil-based and hybrid farming methods offer further opportunities for yield improvement and crop diversification. As the market continues to evolve, these trends are expected to shape the technologies landscape.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
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