Indoor framing can be defined as the practice of growing plants in soilless environments, using technologies 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 maximise the Sun's heat and light while also managing other inputs like fertiliser and water.
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 Taiwan’s food production, storage, distribution, and loss concerns. Food production challenges due to land scarcity, a growing population, pressing food security problems, and climate change are boosting indoor farming approaches as governments in this country encourage farmers to grow more while using fewer resources to enhance food output. 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. Council of Agriculture figures indicate that Taiwan has 23.57 million people and 36,197 square kilometers of land. This means that the ability to use space as effectively as possible is critical for the country's progress and self-sufficiency. Agricultural land is only suitable for 25 percent of Taiwan's land due to its hilly terrain. 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 during the previous 50 years. As a result, the country is embracing indoor agricultural methods.
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 Taiwan.
The reluctance of the country’s youth population to enter the agricultural sector drove growth for indoor framing techniques in the country during the projection period.
Vertical indoor farms have become extremely popular in Taiwan. The prime reason driving the growth of indoor farming 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 ageing 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. Only 5% of the population is working in agriculture in 2022. Jobs in the tech industry have become more popular among the younger demographic since they pay more and provide more career opportunities. This shift in labor has helped the tech industry in terms of research and technical experimentation. Indoor farms utilize technology to increase yields and eliminate weather changes while requiring the least amount of labor. Indoor farming technology uses high-tech equipment to regulate parameters such as light, temperature, and nutrients that are most beneficial to plant development while requiring the least amount of labor. This leads to an increase in the use of indoor farming techniques throughout the projection period.
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 | YesHealth Group, Nordic Harvest, EVERLIGHT, Unimicron Technology, Airtree Inc, Hydrolush Agrotech |
| Customization Scope | Free report customization with purchase |
Segmentation: