Dublin, Jan. 08, 2025 (GLOBE NEWSWIRE) -- The "United States Plant Factory Market, By Region, Competition, Forecast and Opportunities, 2019-2029F" report has been added to ResearchAndMarkets.com's offering.
The United States Plant Factory Market was valued at USD 1.42 Billion in 2023, and is expected to reach USD 2.55 Billion by 2029, rising at a CAGR of 10.42%
A Plant Factory, also known as a vertical farm, is a closed growing system which enables a fully controlled agricultural environment. This system uses artificial control of light, humidity, temperature, gases, and fertigation. The goal of a Plant Factory is to achieve consistent, high-quality, year-round crop production, optimizing resources such as water, energy, space, and capital. 
The Plant Factory market in the United States is a rapidly growing sector within the agricultural industry. Driven by the increasing demand for locally sourced, fresh produce, along with the need for efficient use of urban spaces, the vertical farming industry is experiencing significant investment and innovation. The concerns about climate change and the desire for reducing agricultural water usage are fueling adoption of these technologies.
This market encompasses a wide range of operations, from small urban farms in city centers to large-scale commercial facilities producing a wide variety of crops year-round. Despite being a relatively new industry, the Plant Factory market demonstrates promising potential for the future of sustainable and efficient agriculture in the United States.
One of the primary drivers of the United States plant factory market is the increasing demand for locally sourced and fresh produce. Consumers are becoming more conscious of the origin and freshness of their food, leading to a preference for fruits, vegetables, and herbs that are grown closer to home. Plant factories, also known as vertical farms or indoor farms, provide a solution to meet this demand by enabling year-round cultivation in controlled environments.
The growing population and ongoing urbanization are significant drivers for the plant factory market in the United States. As urban areas expand, the availability of arable land for traditional farming diminishes. Plant factories provide a viable solution to the challenges posed by limited space, enabling efficient cultivation in urban environments. According to the World Health Organization, the current population of the United States is 343,477,335 as of 2023, with a projected growth of 11%, reaching 380,846,910 by 2050.
Technological advancements and the integration of automation are driving forces behind the growth of the plant factory market in the United States. These facilities leverage cutting-edge technologies to create optimal growing conditions, utilizing controlled environments where factors such as light, temperature, and nutrient levels can be precisely managed. PFALs are advanced multi-layer indoor farming systems that utilize environmentally sustainable crop cultivation methods. These systems incorporate vertical farming, optimized lighting strategies, energy-efficient technologies, and intelligent control systems, allowing for horticultural production irrespective of climatic or geographic constraints.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 85 |
| Forecast Period | 2023 - 2029 |
| Estimated Market Value (USD) in 2023 | $1.42 Billion |
| Forecasted Market Value (USD) by 2029 | $2.55 Billion |
| Compound Annual Growth Rate | 10.4% |
| Regions Covered | United States |
Key Market Players
- Gotham Greens Farms LLC
- Bowery Farming Inc.
- Freight Farms
- Plenty Unlimited Inc.
- AeroFarms, LLC
- BrightFarms Inc.
- Iron Ox, Inc.
- AppHarvest, Inc.
- Vertical Harvest Farms
- Dream Harvesting Farming Company LLC
Key Topics Covered:
1. Product Overview
1.1. Market Definition
1.2. Scope of the Market
1.2.1. Markets Covered
1.2.2. Years Considered for Study
1.2.3. Key Market Segmentations
2. Research Methodology
2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations
3. Executive Summary
3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, Trends
4. Voice of Customer
5. United States Plant Factory Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value
5.2. Market Share & Forecast
5.2.1. By Facility Type (Greenhouses, Indoor Farms, Others)
5.2.2. By Light (Artificial Light and Sunlight)
5.2.3. By Growing System (Soil-Based, Non-Soil-Based, Hybrid)
5.2.4. By Type (Fruits & Vegetables, Ornamental Plants & Flowers, Others {Plantation Crops, Forage Crops, etc.})
5.2.5. By Region
5.2.6. By Company (2023)
5.3. Market Map
6. North-East Plant Factory Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Facility Type
6.2.2. By Light
6.2.3. By Growing System
6.2.4. By Type
7. Mid-West Plant Factory Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Facility Type
7.2.2. By Light
7.2.3. By Growing System
7.2.4. By Type
8. West Plant Factory Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value
8.2. Market Share & Forecast
8.2.1. By Facility Type
8.2.2. By Light
8.2.3. By Growing System
8.2.4. By Type
9. South Plant Factory Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value
9.2. Market Share & Forecast
9.2.1. By Facility Type
9.2.2. By Light
9.2.3. By Growing System
9.2.4. By Type
10. Market Dynamics
10.1. Drivers
10.2. Challenges
11. Market Trends & Developments
11.1. Recent Development
11.2. Mergers & Acquisitions
11.3. Product Launches
12. Policy & Regulatory Landscape
13. United States Economic Profile
14. United States Plant Factory Market: SWOT Analysis
15. Porter's Five Forces Analysis
15.1. Competition in the Industry
15.2. Potential of New Entrants
15.3. Power of Suppliers
15.4. Power of Customers
15.5. Threat of Substitute Products
16. Competitive Landscape
16.1. Business Overview
16.2. Products & Services
16.3. Recent Developments
16.4. Financials (As Reported)
16.5. Key Personnel
For more information about this report visit https://www.researchandmarkets.com/r/2b1oc0
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