Southeast Asia Indoor Farming Market Overview: Driving Forces Behind Rapid Growth & Expansion

How Big is the Southeast Asia Indoor Farming Market?

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. One of the primary factors driving market growth for indoor farming in the region is the high frequency of natural calamities such as earthquakes and floods that are happening due to worsening climate change. Such frequent natural disasters have led to soil degradation and groundwater depletion, which has further deteriorated the quality of food grown via traditional farming methods. Since indoor farming takes place in a closed and controlled environment, it maintains the quality and quantity of the crops cultivated.

Market Statistics

Market Growth Rate (CAGR): 7.20% from 2024-2030

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Southeast Asia Indoor Farming Market Insight:

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.

Southeast Asia Indoor Farming Market Segmentation:

The report has segmented the market into the following categories:

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)

By Country

Indonesia
Vietnam
Malaysia
Singapore
Thailand
The Philippines
Rest of Southeast Asia

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Competitive Landscape:

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

The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant.

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Key Highlights of the Report:

Market Performance (2024-2030)
Strategic Recommendations
Current, Historical and Future Market Trends
Market Drivers and Leading Competitor
SWOT Analysis
Structure of the Market
Comprehensive Mapping and Recent Advancement

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