Taiwan Indoor Farming Market Overview, 2029

Taiwan, a compact island nation, boasts a profound agricultural legacy that has significantly influenced its culture and economy over the centuries. Despite its limited land resources, farmers in Taiwan have successfully cultivated a wide array of crops, including rice, fruits, and vegetables, employing innovative methods to enhance productivity. Traditional agricultural practices, such as terrace farming and organic methods, coexist with contemporary agricultural technologies. The island's subtropical climate offers optimal conditions for diverse crop cultivation, and its farmers have honed their skills in producing high-quality goods. In recent years, Taiwan has adopted advanced agricultural technologies, including precision farming and hydroponics, to boost efficiency and sustainability. Furthermore, the government has enacted policies aimed at supporting small-scale farmers and fostering rural development. The agricultural culture of Taiwan exemplifies the resilience and creativity of its populace, remaining a crucial component of the nation's economy and food security.

According to the research report "Taiwan Indoor Farming Market Overview, 2029," published by Bonafide Research, the Taiwan Indoor Farming market is expected to reach a market size of more than USD 985.04 Million by 2029. The indoor agriculture industry in Taiwan is undergoing substantial growth, driven by the demand for sustainable farming practices and innovative technological advancements. With limited agricultural land and a high population density, Taiwan has turned to indoor farming as a means to bolster food security and enhance resource efficiency. Techniques such as hydroponics, aeroponics, and vertical farming are becoming more prevalent, enabling farmers to grow a wide array of crops throughout the year, regardless of external weather conditions. This adaptability is vital for addressing the needs of a burgeoning population while decreasing reliance on imported food supplies. Vertical farming, in particular, is gaining popularity as it optimizes land use by stacking crops vertically, making it particularly advantageous in urban areas where land is limited. Additionally, the integration of smart technologies is essential, facilitating precise control over environmental conditions such as temperature, humidity, and light, which greatly improves overall productivity.

The indoor farming sector in Taiwan is witnessing robust expansion, marked by a diverse array of facility types, including vertical farms, greenhouses, and other cutting-edge systems. Vertical farming has become increasingly popular in urban environments, utilizing advanced technologies such as hydroponics and controlled environment agriculture to maximize crop yields in confined spaces. This approach facilitates year-round production of high-quality vegetables and herbs, thereby decreasing dependence on imports and lowering transportation-related emissions. Greenhouses are also integral to Taiwan's agricultural framework, providing a regulated environment that prolongs the growing season and boosts crop productivity. Contemporary greenhouse technologies, including automated climate management and energy-efficient designs, enhance both sustainability and production efficiency. Furthermore, the "other" category includes various innovative methods, such as container farming and aquaponics, which support local food production and optimize resource use. These systems empower farmers to adapt to urban landscapes and meet evolving consumer demands for fresh, locally sourced products. The Taiwanese government has been proactive in promoting indoor farming initiatives through subsidies and research grants, thereby encouraging innovation and sustainable agricultural practices.

The indoor farming sector in Taiwan is witnessing significant expansion, propelled by a variety of cultivation techniques such as hydroponics, aeroponics, aquaponics, soil-based systems, and hybrid models. Hydroponics is the predominant segment, recognized for its ability to yield high quantities of crops in confined spaces while consuming considerably less water compared to conventional agricultural practices. This method of soil-less cultivation facilitates continuous production throughout the year, ensuring a reliable supply of fresh vegetables and herbs, which is crucial for Taiwan's densely populated urban centers. The rising preference for locally sourced and premium-quality produce has further accelerated the implementation of hydroponic systems, which can be seamlessly integrated into urban settings, including rooftops and vertical farms. Aeroponics is also gaining popularity, utilizing misting techniques to nourish plant roots without soil, resulting in quicker growth and lower resource usage. Additionally, aquaponics, which merges fish farming with plant cultivation, is becoming increasingly favored for its sustainable approach that enhances resource efficiency and reduces waste. Although soil-based systems continue to hold relevance for certain crops, there is a noticeable shift towards more innovative and efficient farming techniques. Furthermore, hybrid systems that combine various growth methods are being investigated, offering the flexibility and adaptability needed to cater to specific crop demands.

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 labor 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 shutdown 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 essential crops on a modest scale in their own homes, which has increased productivity.



Considered in this report
• Geography: Taiwan
• Historic year: 2018
• Base year: 2023
• Estimated year: 2024
• Forecast year: 2029

Aspects covered in this report
• Taiwan Indoor Farming market with its value and forecast along with its segments
• various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation
By Growth Mechanism
• Hydroponics
• Aeroponics
• Aquaponics
• Soil-based
• Hybrid

By Facility Type
• Vertical Farm
• Greenhouse
• Others

The approach of the report:
We keep an eye on evolving markets and try to evaluate the potential of the products and services. If we find the market interesting, we start working on it and create the desired table of content, considering all aspects of the business. We start by creating separate questionnaires for C-level executives, national/regional sales personnel, company owners, dealers, distributors, and end-users. Once the questionnaires have been finalized, we start collecting the primary data (mostly through phone calls) and try to understand the market dynamics regionally or tier-wise. This process gives us in-depth details of the market, including all present companies, the top-performing products with reasons why they dominate; we get the details of new players and their innovative approaches; market trends; dynamics; and all the small details of the market. After the collection of primary inputs, we then cross-check the same with secondary sources that include associations, trade journals, annual reports, paid databases, newspapers, magazines, press releases, government sources, etc. From this, we get a rough estimate of the market and start checking existing product price variants, trade, production, raw material scenarios, policies and regulatory landscape, etc. Then, to finalize the market, we start collecting financials of each player present in the market, including limited, private limited, and LLPs. Moreover, we perform cross-industry and cross-region analysis of the product, and based on collected primary inputs and using statistical modeling, we start forecasting the market. We follow our forecasting algorithm, which is unique for each product but gives more weight age to primary inputs. At the same time, the content team starts preparing company profiles, market dynamics, market trends, five forces, PEST analysis, etc. Once the data is verified by the data expert, the team (primary team, content team, and data team) together crosscheck the segmentations, validate the market, and then the designing team starts plotting the graphs. Once the file is ready, the content team completes the report and makes sure that all the discussed points have been covered and provides their valuable inputs in the form of strategic recommendations for new as well as existing players. The QC team then checks the overall report that includes spell check, data verification, and makes the same dispatch ready and error-free.

Intended Audience
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the battery manufacturers, 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.