South Korea Indoor Farming Market Overview, 2027

"South Korea has a vibrant indoor plant market, driven by a growing interest in indoor gardening, home decor, and the health benefits associated with plants. Indoor plants have become increasingly popular among South Koreans as they provide aesthetic appeal, improve indoor air quality, and contribute to a sense of well-being.There has been a significant increase in demand for indoor plants in South Korea in recent years. More people are recognizing the positive impact of plants on their living and working environments, leading to a surge in indoor gardening and plant ownership. south Korea offers a wide variety of indoor plants to cater to different preferences and requirements. Popular choices include tropical plants like Monstera, Fiddle Leaf Fig, and Snake Plant, as well as flowering plants, succulents, and bonsai trees.As urbanization continues, indoor gardening has gained traction among South Koreans living in small apartments or limited spaces. Compact plants, hanging plants, and vertical gardens are popular choices for those seeking to bring nature into their urban dwellings. Indoor plants have become an essential element of home decor and interior styling in South Korea. Plants are used to create natural and inviting spaces, and their aesthetic appeal is emphasized through stylish pots, plant stands, and other decorative accessories.South Korea has a well-developed network of plant retailers, nurseries, and online platforms that cater to the indoor plant market. Specialized plant shops, garden centers, and even dedicated plant markets offer a wide range of indoor plants and related products. With the growing popularity of indoor plants, there is also an increasing focus on plant care and education in South Korea. Workshops, classes, and online resources provide guidance on plant selection, care tips, and troubleshooting common plant issues.South Korea's focus on sustainable and eco-friendly practices has led to the integration of indoor plants in green building design and biophilic design concepts. Indoor plants are incorporated into workplaces, public spaces, and commercial buildings to create healthier and more visually appealing environments.Plant subscription services have emerged in South Korea, allowing plant enthusiasts to receive a curated selection of plants regularly. These services offer convenience and surprise by introducing new and unique plants to customers' collections.The indoor plant market in South Korea continues to evolve as more people recognize the benefits of indoor gardening and the positive impact of plants on their lives. With a diverse range of plants, a strong retail infrastructure, and a growing interest in green living, the market is expected to thrive in the coming years. According to Bonafide Research’s report titled ""South Korea Indoor Farming Market Overview, 2027,"" the indoor farming market in South Korea is expected to grow rapidly over the forecast period. Indoor farming is a method of growing fresh vegetables and other plants that uses a variety of facilities such as vertical farming, indoor greenhouses, and others. Vertical farms are plants that are piled on levels and are frequently integrated into other structures such as shipping containers, skyscrapers, or warehouses. Vertical indoor farms can produce more than traditional farms. Greenhouses have been the workhorse of indoor gardeners, particularly in the production of flowers and decorative plants. Modern high-tech designs were pioneered in the Netherlands and have since spread around the world. Several instances of these farms may be found throughout the United States, with the largest spanning hundreds of acres. Greenhouse indoor farming is one of the oldest techniques of indoor farming and has the largest market share in South Korea. Vertical indoor farming is a new approach to the indoor farming industry, and it is growing in the country with a higher growth rate. Indoor farming uses fully enclosed and opaque rooms with artificial lighting to grow crops and consists of systems such as hydroponics, aeroponics, aquaponics, soil-based, and hybrids. Indoor farming recirculates and reuses water, using an average of 95% less water to cultivate the same crops as outdoor farming. When plants or crops are produced in vertical greenhouses, the transpiration process occurs, allowing farmers to reuse the water for irrigation. Soil-based indoor farming has the highest market share in the South Korea. Hydroponic plants produce more fruits and vegetables because they are more tightly packed together in a hydroponic system than the amount of land required to cultivate the same number of plants. Hydroponics increases plant yields. A growth medium is used in some hydroponic systems to support the plant roots and enable more effective water absorption into the root structure. Plants may grow practically anywhere in an indoor hydroponic system all year. Hydroponic systems are available in a number of forms, including vertical stacking systems that take up little space. Hydroponic systems are very successful techniques, utilised in a variety of agricultural fields as well as in natural disasters. However, this system requires fewer personnel, but it is still costly and complicated, despite its great output. Consumers are more health-concerned and prefer veggies that are free of residue. The South Korea hydroponics market share is rising exponentially in the indoor farming market. The aeroponics technology of indoor farming improves nutrient absorption while exerting less stress on the plant, resulting in better overall produce. Aeroponic plants have more nutritional content while also having superior colors, texture, and taste. Aeroponics, when compared to other controlled environment agriculture systems such as hydroponics and aquaponics, has the added benefit of lower water consumption and greater yields. Aeroponics' lightweight trays also make it easy to stack the grow system and grow vertically. Aeroponics technology is the fastest growing technology in the South Korea.

Covid-19 impact: Traditional farming was hit hard during the pandemic due to lockdowns, border closures, quarantines, and supply chain disruptions. This limited access to fresh agricultural produce paved the way for indoor farming. In fact, the pandemic pushed the market demand for indoor farming as the populace was already experiencing high levels of food insecurity. During the pandemic's early stages of spread, the agriculture sector encountered difficulties. There were severe labour shortages on farms; some farmers lost their window of opportunity to harvest seasonal crops; agricultural product prices were plummeting; and logistics were disrupted. All this in spite of the fact that agriculture didn’t face a harsh shut down as it was under essential services that were exempted. The development of indoor farming can also help in addressing all aspects of various food security concerns. Increased health awareness and the consumption of food free of residues have made it possible to use cutting-edge methods, such as indoor farming. In order to have food that is pest-free, people are cultivating the essential crops on a modest scale in their own homes, which has increased productivity. Considered in this report Geography: South Korea Historic Year: 2016 Base year: 2021 Estimated year: 2022 Forecast year: 2027 Aspects covered in this report South Korea Indoor Farming Market with its value and forecast along with its segments Application wise Indoor Farming distribution Various drivers and challenges On-going trends and developments Top profiled companies Strategic recommendation

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Manmayi Raval

Research Consultant

Based on Growth Mechanism: Hydroponics Aeroponics Aquaponics Soil-based Hybrid Based on Facilities type Vertical indoor farming Greenhouse indoor farming Other indoor farming Based on Crop types: Fruits and vegetable Flower and ornamentals Other crop

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The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual report of companies, analyzing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to agricultural industry, food & beverage industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry. "