Plant Factory Market Outlook 2028 By Size, Share, Trends, Growth Analysis
Expansion of vertical farming & urban agriculture and advancements in technology & automation is expected to drive the Global Plant Factory Market growth in the forecast period, 2024-2028. According to TechSci Research report, “ Plant Factory Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028 ”, the Global Plant Factory Market stood at USD 124.20 Million in 2022 and is anticipated to grow with a CAGR of 7.04% in the forecast period, 2024-2028. The Global Plant Factory Market is primarily driven by several key factors which include escalating food demand due to rapidly growing population, the increasing adoption of advanced technologies in agriculture, such as hydroponics and aeroponics, and the rise in urban farming practices due to limited arable land. Additionally, the need for a reliable, year-round, weather-independent method of producing crops is also a significant driver of the market. Moreover, the growin...