Mexico 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) - Forecasts From 2023 To 2028
- Published : Feb 2023
- Report Code : KSI061614456
- Pages : 85
Using layers of potted seeds coated on top of one another, indoor farms upsurge the overall crop output per unit area, pushing the market. Growing plants or crops indoors on both a small scale and a large scale is known as indoor farming. Aquaponics and hydroponics are used in indoor farming, and artificial lighting is used to provide plants with the necessary nutrients and light levels. The high initial cost of constructing indoor farms and restrictions on the types of crops that can be grown are anticipated to stymie industry expansion.
Modern farming practices include indoor agriculture, which involves growing food in a controlled environment. Due to the expanding population and the resulting need for more secure and dependable food sources, the market for indoor farming is expanding. Traditional agricultural practices can only be practiced in areas with enough water and land.
The primary factors driving the expansion of indoor farming in Mexico are the need for new farming techniques, the reduction of available agricultural land, and the growing emphasis on food security. Mexico’s agricultural production structure has a varied environment, which includes water scarcity, low agricultural land which has hence resulted in a slow growth in production. Indoor farming is anticipated to overcome these disparities and lead to market growth.
The expansion of indoor farming in Mexico is influenced by the country's declining agricultural land area and growing water scarcity.
Mexico's predicted dry agricultural area is predicted by the United Nations Conference on Trade and Development (UNCTAD) to be slightly more than half of the entire nation. Additionally, it is difficult to find water in the majority of the country's northern and central regions. Due to their proximity to the United States, the areas that are considered to be water stressed have also seen greater economic growth than the rest of the nation. Additionally, the agricultural area has stagnated as a result of this. Mexico is regarded as a country with a water shortage and is dealing with several logistical and administrative issues.
To address the challenges with water and arable land, the nation is searching for alternative, sustainable alternatives. Every square meter of the floor space used for indoor farming produces roughly the same quantity of crops as managed farmlands, and uses 95% less water because it is recycled due to vertical structure of the farm. These advantages are essential if the nation is to develop indoor farming. As a result, it is anticipated that Mexico's need for vertical farms will increase over the future years.
Increased attention to food security will spur indoor farming market expansion in Mexico.
With drastically various levels of political and operational capability in Mexico, every industry is handles by various organizations. However, the government is putting reforms into effect.
Therefore, innovative and daring methods like indoor farming are needed to meet the rising demand for food security. Mexico's indoor farming business is anticipated to expand gradually over the next few years as awareness of this issue grows along with the nation's growing population. ?
Market Key Developments
- In February 2023, an expansion has been announced by Rising Farms, a high-tech indoor farming business with headquarters in Mexico. The business has disclosed plans to open a new facility and increase its indoor agricultural area to encompass 50 football fields.
- In March 2021, to make it simpler for growers and business owners to launch a cutting-edge vertical farm utilizing Philips GreenPower LED lighting, Artechno, a global provider of scalable Automated vertical farming systems, and Signify, the world leader in lighting, entered into a collaboration agreement.
- By Growing System
- By Component
- By Facility Type
- Glass or Poly Greenhouse
- Indoor Indoor Farm
- Container Farm
- Indoor DWC System
- By Crop Type
- Fruits and Vegetables
- Herbs and Microgreens
- Flowers and Ornamentals
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Market Segmentation
1.7. Base, and Forecast Years Timeline
2. RESEARCH METHODOLOGY
2.1. Research Data
3. EXECUTIVE SUMMARY
3.1. Research Highlights
4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porter’s Five Force Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
5. MEXICO INDOOR FARMING MARKET ANALYSIS, BY GROWING SYSTEM
6. MEXICO INDOOR FARMING MARKET ANALYSIS, BY COMPONENT
7. MEXICO INDOOR FARMING MARKET ANALYSIS, BY FACILITY TYPE
7.2. Glass or Poly Greenhouse
7.3. Indoor Indoor Farm
7.4. Container Farm
7.5. Indoor DWC System
8. MEXICO INDOOR FARMING MARKET ANALYSIS, BY CROP TYPE
8.2. Fruits and Vegetables
8.3. Herbs and Microgreens
8.4. Flowers and Ornamentals
9. COMPETITIVE ENVIRONMENT AND ANALYSIS
9.1. Major Players and Strategy Analysis
9.2. Emerging Players and Market Lucrativeness
9.3. Mergers, Acquisitions, Agreements, and Collaborations
9.4. Vendor Competitiveness Matrix
10. COMPANY PROFILES
10.1. Signify Holding (PHILIPS)
10.2. Verde Compacto
10.3. Karma Verde Fresh
10.4. Heliospectra AB
10.5. Inverfarms Mexico
Signify Holding (PHILIPS)?
Karma Verde Fresh
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