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Stock impact report

Indoor Farming Technology Market Set to Reach $32.3 Billion by 2028 | Greenhouses and Lighting Systems Drives the Industry [Yahoo! Finance]

Scotts Miracle-Gro Company (The) (SMG) 
Last scotts miracle-gro company (the) earnings: 1/29 07:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
by rising consumer demand for fresh, locally sourced produce and the push for sustainable agricultural practices. According to recent research, published by MarketsandMarkets the global indoor farming technology market is projected to grow from USD 20.3 billion in 2023 to USD 32.3 billion by 2028, registering a CAGR of 9.7%. This surge highlights the growing adoption of controlled-environment farming systems across the world. Greenhouses Leading the Way Among the various facility types, glass and poly greenhouses are expected to dominate the market over the forecast period. These structures provide an efficient, controlled environment for growing crops year-round. Several factors contribute to this trend: Rising demand for fresh produce: Urbanization and consumer preferences are pushing growers toward local, high-quality crops. Advanced greenhouse technology: Innovations in climate control, irrigation, and automation are enhancing productivity and profitability. Sustainabili Show less Read more
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