Asia-Pacific Indoor Farming Market Outlook, 2027 Is Anticipated To Grow At A CAGR Of More Than 16.50

Markjoseph22 Sep, 2022Business

According to the report titled "Asia-Pacific Indoor Farming Market Outlook, 2027", published by Bonafide Research, the indoor farming market is projected to grow at a 16.50% CAGR for 2022–2027. With the population of the Asia-Pacific region expected to reach 5 Billion by the upcoming timeframe, the responsibility to supply food to an ever-growing population is becoming difficult. The indoor farming industry is anticipated to be the viable option to overcome these threats. Across the region, the indoor farming sector is expecting a huge boom in investments and interest from manufacturers, suppliers, and retailers. This is largely due to advancements in technology such as sensors and smart energy systems that have improved the efficiency of growing products. Further, the market is segmented into five prominent countries, including China, Japan, Taiwan, Singapore, and South Korea. Among these countries, China is anticipated to lead the market during the forecast period.