The Southeast Asia Indoor Farming Market size is projected to grow at a CAGR of around 7.20% during the forecast period, i.e., 2024-30. According to MarkNtel Advisors Study.
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.
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Key Market Reports Highlights
- Market Dimensions & Projections
- Pricing Evaluation
- Recent Strategic Moves by Companies
- Primary Stakeholders
- Import/Export Trend Analysis
- Competitive Landscape Assessment
- Emerging Opportunities
- Market Trends and Indicators
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Southeast Asia Indoor Farming Market Segmentation:
The market report categorizes the market based on different segments and geographical analysis.
Study Timeline:
-Base Year: 2023
-Historical Period: 2019 to 2022
-Forecast Period: 2024 to 2030
- By Facility
- Greenhouses- Market Size & Forecast 2019-2030, (USD Million)
- Indoor Vertical Farms- Market Size & Forecast 2019-2030, (USD Million)
- Container Farms- Market Size & Forecast 2019-2030, (USD Million)
- Indoor Deep Water Culture Systems – Market Size & Forecast 2019-2030, (USD Million)
- By Type
- Aeroponics- Market Size & Forecast 2019-2030, (USD Million)
- Hydroponics- Market Size & Forecast 2019-2030, (USD Million)
- Aquaponics- Market Size & Forecast 2019-2030, (USD Million)
- Vertical Farming- Market Size & Forecast 2019-2030, (USD Million)
- By Crop
- Fruits – Market Size & Forecast 2019-2030, (USD Million)
- Vegetables- Market Size & Forecast 2019-2030, (USD Million)
- Leafy Greens- Market Size & Forecast 2019-2030, (USD Million)
- Other Vegetables (Eggplant, Tomato, Bell Peppers, Chilies, etc.) – Market Size & Forecast 2019-2030, (USD Million)
- Herbs and Microgreens- Market Size & Forecast 2019-2030, (USD Million)
- Flowers and Ornamentals- Market Size & Forecast 2019-2030, (USD Million)
- By Component
- Hardware- Market Size & Forecast 2019-2030, (USD Million)
- Climate Control Systems- Market Size & Forecast 2019-2030, (USD Million)
- Lightening Systems- Market Size & Forecast 2019-2030, (USD Million)
- Sensors- Market Size & Forecast 2019-2030, (USD Million)
- Irrigation Systems – Market Size & Forecast 2019-2030, (USD Million)
- Software- Market Size & Forecast 2019-2030, (USD Million)
- Web-Based-Market Size & Forecast 2019-2030, (USD Million)
- Cloud-Based- Market Size & Forecast 2019-2030, (USD Million)
- Hardware- Market Size & Forecast 2019-2030, (USD Million)
- By Country
- Indonesia
- Vietnam
- Malaysia
- Singapore
- Thailand
- The Philippines
- Rest of Southeast Asia
Competitive Landscape
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including – Sky Green, Signify Holdings, Vana Farming, HAVVA Agrotech, Netafim, Orlar, Verti Veggies, Kalera, Ariane Tech, Upgrown Farming, and others looking forward to strengthening their market positions.
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