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by Growing System (Hydroponics, Aeroponics, Aquaponics, Soil-based, Hybrid), Facility Type, Component, Crop Type (Fruits & Vegetables, Herbs & Microgreens, Flowers & Ornamentals), and Region - Global Forecast to 2026 , published by MarketsandMarkets™, the market size is estimated to account for a value of USD 14.5 billion in 2020 and is projected to grow at a CAGR 9.4% from 2020, to reach a value of USD 24.8 billion by 2026. Factors such as the higher yield as compared to conventional agriculture practices, controlled environment farming, and improved yield and higher produce with limited land resources, are some of the key factors driving the growth of the indoor farming technology market during the forecast period.
Indoor Farming Technology Market worth $24.8 billion by 2026 - Exclusive Report by MarketsandMarkets Indoor Farming Technology Market by Growing System (Hydroponics, Aeroponics, Aquaponics, Soil-based, Hybrid), Facility Type, Component, Crop Type (Fruits & Vegetables, Herbs & Microgreens, Flowers & Ornamentals), and Region - Global Forecast to 2026 , published by MarketsandMarkets, the market size is estimated to account for a value of USD 14.5 billion in 2020 and is projected to grow at a CAGR 9.4% from 2020, to reach a value of USD 24.8 billion by 2026. Factors such as the higher yield as compared to conventional agriculture practices, controlled environment farming, and improved yield and higher produce with limited land resources, are some of the key factors driving the growth of the indoor farming technology market during the forecast period.
Indoor Farming Technology Market to see Huge Growth by 2025 | Logiqs, agrilution, LumiGrow texasguardian.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from texasguardian.com Daily Mail and Mail on Sunday newspapers.
Operator
Good day, and welcome to The Scotts Miracle-Gro Company s first-quarter 2021 earnings conference call. Today s conference is being recorded. At this time, I would like to turn the conference over to Jim King. Please go ahead.
Jim King
Chief Communications Officer and Executive Vice President
Good morning, everyone, and welcome to The Scotts Miracle-Gro first-quarter conference call. We re taking a slightly different approach this morning as we re managing this call remotely for the first time. In a moment, you ll hear prepared remarks from our chairman and chief executive officer, Jim Hagedorn; as well as our interim chief financial officer, Cory Miller. At the conclusion of those remarks, we ll go live to take your questions.