Rising Climate Change Worries Prompt Focus on Plant Factories for Stable Crop Production

A recent report from ResearchAndMarkets.com highlights the rapid growth of the global plant factories market, projected to increase from $133.9 million in 2023 to $192 million by 2030, with a compound annual growth rate (CAGR) of 5.3%. Key drivers of this growth include rising global populations and urbanization, heightened food security concerns, and the demand for sustainable, pesticide-free produce. The report outlines significant advancements in technology, such as LED lighting and AI integration, which enhance the efficiency and viability of plant factories. It also provides insights into regional market dynamics, noting particularly strong growth in the U.S. and China. Major players in the sector include Avisomo, Bowery Farming, and Plenty Unlimited, among others, indicating a competitive landscape ripe for investment and innovation as global agricultural practices evolve to meet sustainability and resilience challenges.

Rising Climate Change Worries Prompt Focus on Plant Factories for Stable Crop Production

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