Asia Pacific Indoor Farming Market Size, Share, Opportunities, And Trends By Growing System (Hydroponics, Aeroponics, Aquaponics, Soil-based, Hybrid), By Component (Hardware, Software And Services), By Facility Type (Glass Or Poly Greenhouse, Indoor Vertical Farm, Container Farm, Indoor DWC System), And By Crop Type (Fruits And Vegetables, Herbs And Microgreens, Flowers And Ornamentals, Others), And By Country - Forecasts From 2023 To 2028
- Published : Feb 2023
- Report Code : KSI061614435
- Pages : 124
Indoor framing can be defined as the practice of growing plants in soilless environments, using techniques such as aquaponics, hydroponics, and aeroponics, or it can refer to controlled-environment agriculture, which focuses on maximizing plant growth. An indoor farm commonly consists of shallow trays piled inside a structure and illuminated by LED lights on each level. These farms have to provide everything, including water, fertilisers, sunlight, and perhaps pollinators and pest control as well. Others may be constructed in enormous greenhouses to maximize the Sun's heat and light while also managing other inputs like fertilizer and water.
Rising food security issues and scarcity of resources, such as land, are also fueling the expansion of indoor farming techniques.
Indoor farming approaches have arisen in recent years to meet the confluence of difficulties such as food production, community sustainability, and resource efficiency. Indoor farming allows for the production of nutrient-rich food near home while conserving resources. Such creative agricultural approaches that produce what we need where we need it might help to address some of APAC’s food production, storage, distribution, and loss concerns. Food insecurity is spreading throughout the region as a result of rising food costs, wars, floods, droughts, water shortages, an increase in climate-related disasters, the worldwide pandemic, and more. Lower yields are the result of a combination of changes in pest and disease breakout frequencies and timings as well as rainfall patterns, which are important for agriculture in the monsoon area. These factors are boosting indoor farming approaches as governments in this region encourage farmers to grow more while using fewer resources to enhance food output. The Asia Pacific market is predicted to increase rapidly throughout the projection period because of the requirement for better output with fewer resources and land. World Bank figures indicate that approximately 4.7 billion are living in the Asia Pacific region in 2021 and is expected to grow by 700 million to 5.3 billion in 2050. According to a recent study conducted by professors at Duke University, Asia and Africa will lose almost 80 percent of the world's agricultural land which is equal to 24 million hectares due to urbanization. Asia will lose the most agriculture in absolute terms. As a result, the high population, rising urbanization, and decreasing cropland are propelling demand for indoor framing practices in the region.
To increase crop productivity, improved technologies like artificial intelligence, the internet of things, and data analytics are being used more frequently in indoor farming. Several Indonesian businesses are investing in research and development operations to integrate technology with food systems to increase efficiency and sustainability driving growth.
However, the high cost associated with indoor farming techniques, lack of knowledge, and skilled manpower are some of the factors that will hinder the growth of the indoor farming market in the Asia Pacific.
Taiwan is anticipated to hold a significant amount of the Asia Pacific indoor farming market share during the forecast period
Taiwan is anticipated to hold a significant amount of market share in Asia Pacific indoor farming. The country's market is predicted to increase rapidly throughout the projection period because of the requirement for better output with fewer resources and land. Taiwan has a population of 23.57 million people and a land area of only 36,197 km2 according to Council of Agriculture figures. This means that the ability to use space as effectively as possible is critical for the country's progress and self-sufficiency. Due to Taiwan's predominantly hilly terrain, only 25% of the land is suitable for farming. Meanwhile, climate change is having an impact on agricultural productivity by raising temperatures and making rain more erratic. Simultaneously, significant soil erosion, acidification, pollution by chemicals and heavy metals, and extensive pesticide usage have all lowered soil quality. As a result, the country is embracing indoor agricultural methods. One of the prime reasons driving the growth of indoor farming technology is the reluctance of the country’s youth population to enter the agriculture workforce. According to Council of Agriculture statistics, the number of people engaged in the agriculture sector in Taiwan has decreased from approximately 1.3 million in the 1980s to 542,000 in 2021, and the farming population is aging more rapidly due to a large outflow of young people, the proportion of people aged under 44 years old engaged in farming decreasing from 60 % in 1980 to 60 % in 2021. Moreover, the presence of key market players such as Yes Health Group, and Nordic Harvest is also driving demand in this country.
Market Key Developments
- In October 2022, Taiwan is using unoccupied metro spaces to meet the strong demand for sustainable, clean, and organic food. Advanced and efficient vertical farming systems are being used to provide fresh vegetables to commuters. The 40-square-meter 'Metro Fresh' hydroponic garden, located near Taipei's Nanjing-Fushing Station, produces lettuce under LED lighting in a sterile environment, eliminating the usage of pesticides and herbicides.
- In December 2022, Vertical Future joined forces with Vertical Farm Systems, a new company formed to work on the Singapore Advanced Vertical Farming project. VFS research will be accelerated by the Singapore Advanced Vertical Farming project, which will be a critical step in the company's commitment to the "30 by 30" initiative.
- In May 2022, InvertiGro's in-store InvertiWall is branded as "the Urban Garden,". It demonstrates indoor vertical farming in action in Australia’s largest metropolitan city. Woolworths Metro customers can view their herbs growing in the inner-city store's fruit and vegetable area, and can now enjoy a new hyperlocal and sustainably-grown fresh herb variety.
- By Growing System
- Soil- based
- By Component
- By Facility Type
- Grass or Poly Greenhouse
- Indoor Vertical farms
- Container Farms
- Indoor DWC System
- By Crop Type
- Fruits and Vegetables
- Herbs and Microgreens
- Flowers and Ornamentals
- By Country
- South Korea
Thai Advance Agri Tech
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