Southeast Asia Indoor Farming Market Gears Up for a 7.20% CAGR Ride in 2024-30

Market Overview: Southeast Asia Indoor Farming Market

MarkNtel Advisors, leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. Recently published a report on Southeast Asia Indoor Farming Market and provide your business with the latest market trends and analysis from our reports to make informed decisions and stay ahead of the competition.

Southeast Asia Indoor Farming Market Insights 2024-30

The Southeast Asia Indoor Farming Market is estimated to grow at a CAGR of around 7.20% during the forecast period 2024-30.

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Driving Innovation: Exploring the Southeast Asia Indoor Farming Market and its Key Drivers

Southeast Asia Indoor Farming Market Driver: Limited Availability of Arable Land in the Region

Arable land in countries like Singapore and Malaysia has been continuously decreasing over the past few years, owing to rapid urbanization, expanding cities, and growing populations. As per the World Bank, the population of countries like Singapore and Malaysia has been constantly rising in recent years. For instance, the population of Singapore was approximately 5.45 million in 2021 as compared to 5.64 million in 2022 as per the Singapore government, and similarly, the population of Malaysia stood at around 33.5 million in 2021 and rose to nearly 33.8 million in 2022 as per the Department of Statistics Malaysia.

As a result of an increase in population, the arable land per capita is decreasing in these countries, which is driving the growth of indoor farming in the region because indoor farming methods can produce large amounts of crops per unit area as compared to traditional farming while using fewer resources such as water and fertilizers.

Top Players in the Southeast Asia Indoor Farming Market:

Sky Green, Signify Holdings, Vana Farming, HAVVA Agrotech, Netafim, Orlar, Verti Veggies, Kalera, Ariane Tech, Upgrown Farming, and others

Southeast Asia Indoor Farming Industry Recent Development:

• In 2022, Kalera completed the construction of phase one of their fully automated farm at Changi Logistics Farm in Singapore. The farm allows the cultivation of crops throughout the year, irrespective of the climate conditions.

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Segmentation Analysis of Southeast Asia Indoor Farming Market

Southeast Asia Indoor Farming Market exactly assesses and highlights significant trends and influencing factors within each segment. The comprehensive analysis extends its predictions for the period spanning 2024-30, focusing on the national landscape. The market is exactly categorized based on this analysis, providing valuable insights into its various facets.

By Facility

-Greenhouses

-Indoor Vertical Farms

-Container Farms

-Indoor Deep Water Culture Systems

• Indoor Vertical Farms dominated market revenue during the historical period and are expected to dominate the market during the forecast period.

By Type

-Aeroponics

-Hydroponics

-Aquaponics

-Vertical Farming

By Crop

-Fruits

-Vegetables

–Leafy Greens

–Other Vegetables (Eggplant, Tomato, Bell Peppers, Chilies, etc.)

-Herbs and Microgreens

-Flowers and Ornamentals

By Component

-Hardware

–Climate Control Systems

-Lightening Systems

–Sensors

–Irrigation Systems

-Software

–Web-Based

–Cloud-Based

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A Comprehensive Geographical Analysis:

By Country

-Indonesia

-Vietnam

-Malaysia

-Singapore

-Thailand

-The Philippines

-Rest of Southeast Asia

• Singapore is expected to witness significant growth in the Indoor Farming Market during 2024-30

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MarkNtel Advisors is a leading market research company, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others. 

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals. 

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