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Agritecture Market - Global Industry Size, Share, Trends, Opportunity and Forecast, 2018-2028 Segmented By Integration (Indoor v/s Outdoor), By Structure (Retrofitting, Extension, New Building), By Application (Commercial v/s Residential), By Region
Market Report I 2023-02-01 I 117 Pages I TechSci Research
Global Agritecture Market is anticipated to grow at CAGR of 10% to reach USD 7723 million by 2028 on account of increasing yield of crop without any increment in the land area. Also, the subsistence crop production all year round regardless of the weather conditions is further creating a positive impact on the global agritecture market. Agritecture can be referred to as a fusion of agriculture with architecture. It can be employed within a building using vertical farming to intensify plant growth and green density.
Lack of Arable Land to Drive Agritecture Market
One of the most essential factors contributing to the expansion of the global agritecture market is the loss of fertile land. This can be ascribed to the development of domestic areas, rise in number of metropolitan cities, commercial places, amongst others making the cultivation of crops troublesome. The shrinkage of land can also be attributed to climate extremities, slope steepness, rockiness of land, soilerosion, etc. Moreover, the growing use of agrochemicals, increased deforestation and overgrazing activities, and a rise in number of floods have led to land degradation and formation of barren lands which are not suitable for cultivation. The increasing construction and mining projects also have had a negative impact on the quality of land and soil as well as the ground water table. These factors are contributing to the increased adoption of agritecture practices across the globe.
Growing use of Advanced Technologies
Different developments are made to promote plant growth and a good environment for the crops, so that when traditional farming is impractical inside or outside of corporate infrastructure, technological developments can help. One of the cutting-edge technologies used in the AgroTech structure, which lowers the cost of activities like vertical farming while also making it an effective kind of agricultural architecture, is light emitting diode technology. Plant growth inside the infrastructure is aided by artificial illumination used in indoor agriculture.
The goal of automation in agritecture is to speed up time to market, cut expenses associated with production, distribution, and the environment, and standardize high quality. Internet of Things (IoT) is now a widely used technology that supports plenty of sectors, including manufacturing, transportation, and agriculture. The agriculture industry has undergone a revolution with the help of IoT.
Growing Concerns about Aesthetic Looks & Increasing Awareness about Agritecture
The vertical farms also function in an aesthetic sense, producing a design element that not only adds depth to a room but also forms a substantial but not overpowering partition in the space. This is a choice that requires meticulous upkeep, but crop cultivation and harvesting must also be taken into account to achieve practical result.
The swift acceptance of agritecture can be owed to its benefit of offering aesthetic looks and greener environment for the infrastructure. Several airports, railway and metro stations are opting to install a vertical farm inside or outside their premises to grow plants which is actively driving the growth of global agritecture market. The best-known example for this is the Jewel Changi Airport Garden in Singapore which grows plants on gross floor area of 135,700 square meters.
Market Segmentation
The global agritecture market is segmented on the basis of integration, structure, application, regional distribution, and competitive landscape. Based on integration, the market is differentiated into indoor and outdoor. Based on structure, the market is segmented into retrofitting, extension, and new building. Based on application, the market is further fragmented into commercial and residential. The market analysis also studies the regional segmentation to devise regional market segmentation, divided into North America, Europe, Asia-Pacific, South America, and Middle East & Africa.
Company Profiles
Agritecture Consulting LLC, AeroFarms LLC, Obyashi Corporation, Freight Farms, Inc., Grow Pod Solutions, LettUs Grow Ltd., FarmBox Foods, are amongst the major market players in the global agritecture market.
Report Scope:
In this report, global agritecture market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
- Agritecture Market, By Integration:
o Indoor
o Outdoor
- Agritecture Market, By Structure:
o Retrofitting
o Extension
o New Building
- Agritecture Market, By Application:
o Commercial
o Residential
- Agritecture Market, By Region:
o North America
- United States
- Canada
- Mexico
o Europe
- France
- United Kingdom
- Netherlands
- Sweden
- Germany
- Italy
- Spain
o Asia-Pacific
- China
- Japan
- Singapore
- South Korea
- Australia
- India
o South America
- Brazil
- Argentina
- Colombia
o Middle East & Africa
- UAE
- Saudi Arabia
- South Africa
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the global agritecture market.
Available Customizations:
With the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to five).
1. Product Overview
2. Research Methodology
3. Executive Summary
4. Impact of COVID-19 on Global Agritecture Market
5. Voice of Customer
5.1. Product/Service Awareness
5.2. Factors Contributing to Switch Over to Agritecture
5.3. Barriers to Adoption of Agritecture
6. Global Agritecture Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Integration (Indoor v/s Outdoor)
6.2.2. By Structure (Retrofitting, Extension, New Building)
6.2.3. By Application (Commercial v/s Residential)
6.2.4. By Region
6.2.5. By Company (2022)
6.3. Product Market Map (By integration, By Structure, By Application)
7. North America Agritecture Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Integration
7.2.2. By Structure
7.2.3. By Application
7.2.4. By Country
7.3. North America: Country Analysis
7.3.1. United States Agritecture Market Outlook
7.3.1.1. Market Size & Forecast
7.3.1.1.1. By Value
7.3.1.2. Market Share & Forecast
7.3.1.2.1. By Integration
7.3.1.2.2. By Structure
7.3.1.2.3. By Application
7.3.2. Canada Agritecture Market Outlook
7.3.2.1. Market Size & Forecast
7.3.2.1.1. By Value
7.3.2.2. Market Share & Forecast
7.3.2.2.1. By Integration
7.3.2.2.2. By Structure
7.3.2.2.3. By Application
7.3.3. Mexico Agritecture Market Outlook
7.3.3.1. Market Size & Forecast
7.3.3.1.1. By Value
7.3.3.2. Market Share & Forecast
7.3.3.2.1. By Integration
7.3.3.2.2. By Structure
7.3.3.2.3. By Application
8. Europe Agritecture Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value
8.2. Market Share & Forecast
8.2.1. By Integration
8.2.2. By Structure
8.2.3. By Application
8.2.4. By Country
8.3. Europe: Country Analysis
8.3.1. France Agritecture Market Outlook
8.3.1.1. Market Size & Forecast
8.3.1.1.1. By Value
8.3.1.2. Market Share & Forecast
8.3.1.2.1. By Integration
8.3.1.2.2. By Structure
8.3.1.2.3. By Application
8.3.2. United Kingdom Agritecture Market Outlook
8.3.2.1. Market Size & Forecast
8.3.2.1.1. By Value
8.3.2.2. Market Share & Forecast
8.3.2.2.1. By Integration
8.3.2.2.2. By Structure
8.3.2.2.3. By Application
8.3.3. Netherlands Agritecture Market Outlook
8.3.3.1. Market Size & Forecast
8.3.3.1.1. By Value
8.3.3.2. Market Share & Forecast
8.3.3.2.1. By Integration
8.3.3.2.2. By Structure
8.3.3.2.3. By Application
8.3.4. Sweden Agritecture Market Outlook
8.3.4.1. Market Size & Forecast
8.3.4.1.1. By Value
8.3.4.2. Market Share & Forecast
8.3.4.2.1. By Integration
8.3.4.2.2. By Structure
8.3.4.2.3. By Application
8.3.5. Germany Agritecture Market Outlook
8.3.5.1. Market Size & Forecast
8.3.5.1.1. By Value
8.3.5.2. Market Share & Forecast
8.3.5.2.1. By Integration
8.3.5.2.2. By Structure
8.3.5.2.3. By Application
8.3.6. Italy Agritecture Market Outlook
8.3.6.1. Market Size & Forecast
8.3.6.1.1. By Value
8.3.6.2. Market Share & Forecast
8.3.6.2.1. By Integration
8.3.6.2.2. By Structure
8.3.6.2.3. By Application
8.3.7. Spain Agritecture Market Outlook
8.3.7.1. Market Size & Forecast
8.3.7.1.1. By Value
8.3.7.2. Market Share & Forecast
8.3.7.2.1. By Integration
8.3.7.2.2. By Structure
8.3.7.2.3. By Application
9. Asia-Pacific Agritecture Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value
9.2. Market Share & Forecast
9.2.1. By Integration
9.2.2. By Structure
9.2.3. By Application
9.2.4. By Country
9.3. Asia-Pacific: Country Analysis
9.3.1. China Agritecture Market Outlook
9.3.1.1. Market Size & Forecast
9.3.1.1.1. By Value
9.3.1.2. Market Share & Forecast
9.3.1.2.1. By Integration
9.3.1.2.2. By Structure
9.3.1.2.3. By Application
9.3.2. Japan Agritecture Market Outlook
9.3.2.1. Market Size & Forecast
9.3.2.1.1. By Value
9.3.2.2. Market Share & Forecast
9.3.2.2.1. By Integration
9.3.2.2.2. By Structure
9.3.2.2.3. By Application
9.3.3. Singapore Agritecture Market Outlook
9.3.3.1. Market Size & Forecast
9.3.3.1.1. By Value
9.3.3.2. Market Share & Forecast
9.3.3.2.1. By Integration
9.3.3.2.2. By Structure
9.3.3.2.3. By Application
9.3.4. South Korea Agritecture Market Outlook
9.3.4.1. Market Size & Forecast
9.3.4.1.1. By Value
9.3.4.2. Market Share & Forecast
9.3.4.2.1. By Integration
9.3.4.2.2. By Structure
9.3.4.2.3. By Application
9.3.5. Australia Agritecture Market Outlook
9.3.5.1. Market Size & Forecast
9.3.5.1.1. By Value
9.3.5.2. Market Share & Forecast
9.3.5.2.1. By Integration
9.3.5.2.2. By Structure
9.3.5.2.3. By Application
9.3.6. India Agritecture Market Outlook
9.3.6.1. Market Size & Forecast
9.3.6.1.1. By Value
9.3.6.2. Market Share & Forecast
9.3.6.2.1. By Integration
9.3.6.2.2. By Structure
9.3.6.2.3. By Application
10. South America Agritecture Market Outlook
10.1. Market Size & Forecast
10.1.1. By Value
10.2. Market Share & Forecast
10.2.1. By Integration
10.2.2. By Structure
10.2.3. By Application
10.2.4. By Country
10.3. South America: Country Analysis
10.3.1. Brazil Agritecture Market Outlook
10.3.1.1. Market Size & Forecast
10.3.1.1.1. By Value
10.3.1.2. Market Share & Forecast
10.3.1.2.1. By Integration
10.3.1.2.2. By Structure
10.3.1.2.3. By Application
10.3.2. Argentina Agritecture Market Outlook
10.3.2.1. Market Size & Forecast
10.3.2.1.1. By Value
10.3.2.2. Market Share & Forecast
10.3.2.2.1. By Integration
10.3.2.2.2. By Structure
10.3.2.2.3. By Application
10.3.3. Colombia Agritecture Market Outlook
10.3.3.1. Market Size & Forecast
10.3.3.1.1. By Value
10.3.3.2. Market Share & Forecast
10.3.3.2.1. By Integration
10.3.3.2.2. By Structure
10.3.3.2.3. By Application
11. Middle East and Africa Agritecture Market Outlook
11.1. Market Size & Forecast
11.1.1. By Value
11.2. Market Share & Forecast
11.2.1. By Integration
11.2.2. By Structure
11.2.3. By Application
11.2.4. By Country
11.3. MEA: Country Analysis
11.3.1. UAE Agritecture Market Outlook
11.3.1.1. Market Size & Forecast
11.3.1.1.1. By Value
11.3.1.2. Market Share & Forecast
11.3.1.2.1. By Integration
11.3.1.2.2. By Structure
11.3.1.2.3. By Application
11.3.2. Saudi Arabia Agritecture Market Outlook
11.3.2.1. Market Size & Forecast
11.3.2.1.1. By Value
11.3.2.2. Market Share & Forecast
11.3.2.2.1. By Integration
11.3.2.2.2. By Structure
11.3.2.2.3. By Application
11.3.3. South Africa Agritecture Market Outlook
11.3.3.1. Market Size & Forecast
11.3.3.1.1. By Value
11.3.3.2. Market Share & Forecast
11.3.3.2.1. By Integration
11.3.3.2.2. By Structure
11.3.3.2.3. By Application
12. Market Dynamics
12.1. Drivers
12.2. Challenges
13. Market Trends & Developments
14. Competitive Landscape
14.1. Competition Outlook
14.2. Company Profiles
14.2.1. Agritecture Consulting LLC
14.2.2. AeroFarms LLC
14.2.3. Obyashi Corporation
14.2.4. Freight Farms, Inc.
14.2.5. Grow Pod Solutions
14.2.6. LettUs Grow Ltd.
14.2.7. FarmBox Foods
15. Strategic Recommendations
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