Smart Indoor Gardening System Market Growth
The smart indoor gardening systems market comprises indoor vertical farming,
vertical farms, urban farms, and controlled environment agriculture. Smart
indoor garden systems offer various advantages such as better control over
environmental factors, multi-tiered cultivation, and year-round harvesting of fruits
and vegetables. With the growing urban population and issues related to land
availability, hydroponics farming, and vertical farming techniques in a
controlled environment are gaining popularity.
The Global smart indoor gardening system
market is estimated to be valued at US$ 2.36 Bn in 2024 and is expected to
exhibit a CAGR of 6.2% over the forecast period 2024 To 2031.
Key Takeaways
Key players operating in the Smart
Indoor Gardening System Market Growth are Aero Farms, Robert Bosch
GmbH, CLICK & GROW LLC, Plenty Unlimited Inc, Gardyn Inc, BSH Hausgerate
GmbH, Grobo Inc., AVA Technologies Inc., CityCrop, EDN Inc., Metropolis Farms
Canada, Moistenland LLC, Natufia Saudi Arabia LLC, Rise Gardens LLC, The Leaf
Land Scape, Urban Smart Farms, Grow Smart Greens, and Plantaform.
The key opportunities in the market include rise in consumer preference for
organic foods and vertical farming to address the challenges of limited land
availability. Furthermore, government initiatives and funding to support urban
agriculture is fueling the adoption of smart indoor gardening systems.
Globally, the smart indoor gardening systems market is expected to witness high
growth in North America and Europe owing to increasing popularity of indoor
vertical farming. Asia Pacific is also expected to offer lucrative growth
opportunities with the rising middle-class population and changing food
consumption patterns in countries like China and India.
Market drivers
Growing urban population and limited availability of cultivable land are
compelling people to adopt indoor vertical farming techniques. Moreover,
factors like year-round production of crops, controlled environment for
cultivation, water conservation, and fresh harvest are driving the demand for
smart indoor gardening systems globally. The need to optimize agricultural
productivity is further augmenting the adoption of smart indoor vertical farms.
PEST Analysis
Political: Smart indoor gardening systems allows urban farming and address food
security issues across many nations. Governments support urban agriculture
through subsidies and policies.
Economic: Rising disposable incomes, urban population, and health awareness
drives demand for fresh produce grown locally without pesticides. Indoor
systems offers year-round harvest with less water and space compared to
traditional farming.
Social: Younger consumers prefer convenient, sustainable products. Indoor
systems are attractive given smaller living spaces in urban areas.
Technological: Advances in vertical farming, hydroponics, automation and IoT
enables controlled growing of herbs, leafy greens with optimum light, nutrients
and water inside homes and offices.
North America accounted for the largest share in 2024 in terms of value owing
to supportive policies, sustainable startup ecosystem and health conscious
population. Indoor gardening provides an environment-friendly food production
alternative in densely populated regions.
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Indoor Gardening System Market