Europe Indoor Farming Market registering a CAGR of 10.4% from 2021 to 2028
Europe Indoor Farming Industry Overview The Europe indoor farming market size was valued at USD 10.38 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 10.4% from 2021 to 2028. The market growth can be attributed to the changing climatic conditions across Europe. Changes in temperature and weather adversely affect crop yield. These factors are promoting the demand for indoor farming in Europe. Various aggrotech companies are making efforts to curb the challenges imposed by climate changes on crops by adopting indoor farming practices. For instance, in August 2020, Urban Crop Solutions, a vertical farming system provider, announced the launch of its Modulex Plant Factory, a vertical farming system focused on helping businesses achieve profitability. This system enables growers to control the internal conditions to keep the crops unaffected by external weather conditions. The increasing challenges of limited land and space for g...