Plant Growth Chambers Market is projected to grow at a good CAGR between 2019 and 2024
The report published by Knowledge Sourcing Intelligence titled “Plant Growth Chambers Market - Forecast From 2019 to 2024” studies the various factors affecting the demand for plant growth chambers across the globe. The report has been segmented by type of model (reach-in, walk-in), application (nutrition, plant breeding and genetic research, photosynthesis, others), crop (potatoes, soybeans, others), and by geography, covering five regions namely North America, South America, Europe, Middle East and Africa and the Asia Pacific, and some of the major economies in each of these regions.
Burgeoning global population and increasing urbanization are putting pressure on the available limited arable land. This, in turn, is encouraging the use of various indoor farming techniques, especially vertical farming which is positively impacting the demand for plant growth chambers across different regions. The emerging trend of protein-rich diet is escalating the livestock production which is also bolstering the growth of plant growth chambers market so as to increase the production of livestock feed. The uncertainty of weather and rising cases of pest attacks is also encouraging the adoption of plant growth chambers to grow different crops under controlled environmental conditions.
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Demand for plant growth chambers high to grow potatoes.
By crop, plant growth chambers market is segmented as potato, soybeans, and others. Potato segment holds a significant market share during the forecast period owing to growing global food insecurity and many countries around the globe lack an adequate supply of healthy potatoes which is considered as a staple crop to feed many people. Another major driver is the high investment in R&D by NASA to develop technology for growing vegetables in space.
China holds a significant market share.
Geographically, plant growth chambers market is segmented as North America, South America, Europe, Middle East and Africa, and the Asia Pacific. China holds a significant market share is owing to the high investments in vertical farming solutions in the country. U.S. and Europe also witness a significant CAGR between 2019 and 2024 owing to early adoption of new technology and the presence of major market players in the region.
This report also includes a study of strategies and product portfolios of some of the leading companies in the plant growth chambers market. It consists of company profiles of the leading companies such as Conviron, Aralab, Darwin Chambers, Thermo Fisher Scientific, Inc., and Binder, among others.
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