The Mexico indoor farming market is projected to show steady growth during the forecast period.
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
| Report Metric | Details |
|---|---|
| Study Period | 2021 to 2031 |
| Historical Data | 2021 to 2024 |
| Base Year | 2025 |
| Forecast Period | 2026 – 2031 |
| Report Metric | Details |
| Growth Rate | CAGR during the forecast period |
| Base Year | 2021 |
| Forecast Period | 2023 – 2028 |
| Forecast Unit (Value) | USD Billion |
| Segments Covered | Growing System, Component, Facility Type, And Crop Type |
| Companies Covered | Signify Holding (PHILIPS), Verde Compacto, Karma Verde Fresh, Heliospectra AB, Inverfarms Mexico |
| Customization Scope | Free report customization with purchase |
Segmentation: