Increase in demand for food to drive turkey plant factory market in the forecast period, 2023-2027. According to the TechSci Research report, “Turkey Plant Factory Market – By Region, Forecast, and Opportunities, 2017-2027”, the Turkey plant factory market is anticipated to grow at a significant rate in the forecast period, 2023-2027. The plant factory is a system that produces high-quality crops all year round.
The Important Factors of the Turkey Plant Factory Market
The cultivation environment is controlled artificially (e.g., light, temperature, carbon dioxide concentration, and humidity. By controlling the environment, plant factories produce crops, fruits, and vegetables at a much larger rate than conventional methods. the surge in demand for food, technological advancements, higher-yielding crops, and growing demand for indoor farming are the primary factors driving the demand for the Turkey plant factory market. Also, growing urbanization, increasing investments, and growth of population are expected to influence market demand.
However, due to the lack of understanding of photosynthesis in plants, limited adoption cases to expensive initial capital and maintenance costs may hamper the growth of the market in the forecast period.
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The Turkey plant factory market is segmented into facility type, light, growing system type, fruits & vegetables, and company.
Based on facility type, the market is divided into greenhouses, indoor farms, and others. The greenhouses facility segment is expected to witness a rise over the forecast period. Owing to the government’s expanding attempts to set up greenhouse facilities, and the increase in farmers’ knowledge and use of greenhouse facilities, the greenhouses facility segment is augmented to grow. Moreover, greenhouse structures help in the cultivation of vegetables, fruits, flowers, and crops by controlling the artificial environment such as humidity, light exposure, temperature, and carbon dioxide.
Based on light, the market is divided into the sunlight and artificial light. The artificial light segment is forecasted to witness high growth over the upcoming years due to their ability to aid agricultural output in locales with extreme temperature variations and in small spaces, making them ideal for cultivation.
Based on the growing system, the market is divided into non-soil-based, soil-based, and hybrid. Out of these, the non-soil-based segment is forecasted to grow at a significant rate as they reduce water usage, land, and pesticides. It also enhances the quality and taste of the product.
Based on type, the market is divided into fruits & vegetables, ornamental plants & flowers, and others. The vegetable segment is projected to propel the growth of the market as they are delicious and profitable crops. Vegetables have a relatively short harvest time, which can be further reduced through cultivation in a plant factory.
Based on fruits & vegetables, the market is divided into lettuce, strawberries, tomatoes, leafy vegetables (excluding lettuce), and others. Strawberry segments are anticipated to grow at the highest rate during the forecast period as they are high-profit crops.
Major operating companies operating in the Turkey plant factory market are:
- Cantek Group (FARMINOVA)
- Plant Factory
- CY Group
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“Turkey is expected to witness significant growth in the upcoming years due to increasing food demand and temperature fluctuations. Also, owing to the rise in population in the country, and rapid urbanization, the demand for plant factories rises. Various projects and programs are being funded by the government due to which the Turkey plant factory market is expected to grow through 2027” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“Turkey Plant Factory Market – By Region, Competition Forecast & Opportunities, 2027, Segmented by Facility Type (Greenhouses, Indoor Farms, Others), By Light (Sunlight v/s Artificial Light), By Growing System (Non-Soil-Based, Soil-Based, Hybrid), By Type (Fruits & Vegetables, Ornamental Plants & Flowers, Others), By Fruits & Vegetables (Lettuce, Strawberries, Tomatoes, Leafy Vegetables (excluding Lettuce), Others), By Region”, has evaluated the future growth potential of Turkey plant factory and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision-makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the Turkey plant factory market.
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