| Product Code: ETC4597948 | Publication Date: Jul 2023 | Updated Date: Sep 2025 | Product Type: Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The plant factory market in Singapore has gained traction due to its role in addressing the nation`s limited land resources and the growing demand for fresh, locally grown produce. Plant factories employ controlled environment agriculture to grow crops year-round, independent of weather conditions. With Singapore push for food security and sustainable urban farming, the plant factory market has thrived. The high level of automation, efficient resource use, and the ability to grow crops close to consumers have all contributed to the success of this market, making it an integral part of Singapore agriculture landscape.
The Singapore plant factory market is driven by the country`s efforts to enhance food security and reduce its reliance on food imports. Plant factories provide a controlled environment for year-round crop production, making it possible to grow fresh produce locally. As Singapore aims to increase self-sufficiency in food production, the demand for plant factories is on the rise. Additionally, the focus on urban farming, the need for pesticide-free produce, and the desire for sustainable agricultural practices are key drivers. The integration of technology and automation in plant factories further contributes to their growth, allowing for efficient and resource-conscious crop cultivation.
The Singapore Plant Factory Market faces challenges related to energy consumption and sustainability. Plant factories require controlled environments with artificial lighting, heating, and cooling systems, which can lead to high energy costs. Ensuring energy efficiency and minimizing the carbon footprint is a challenge, particularly in a country with limited land resources. Additionally, the market may encounter regulatory and environmental challenges related to resource usage and waste management.
The Singapore plant factory market experienced growth during the COVID-19 pandemic. Plant factories, with their controlled environment and vertical farming methods, gained importance as a way to ensure a stable and local food supply. With travel restrictions and disruptions in international trade, the need for local food production became evident. Plant factories offered a reliable source of fresh produce, and the market saw investments in these technologies to address food security concerns.
The Singapore Plant Factory market includes key players like Panasonic and Spread Co., Ltd. Panasonic is a leader in plant factory technology, providing indoor farming solutions that optimize growing conditions and enhance crop yields. Spread Co., Ltd., a Japanese company, specializes in vertical farming and plant factories, contributing to Singapore urban agriculture. These key players are pivotal in advancing controlled environment agriculture, supporting year-round crop production and food security in the country.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Singapore Plant Factory Market Overview |
3.1 Singapore Country Macro Economic Indicators |
3.2 Singapore Plant Factory Market Revenues & Volume, 2021 & 2031F |
3.3 Singapore Plant Factory Market - Industry Life Cycle |
3.4 Singapore Plant Factory Market - Porter's Five Forces |
3.5 Singapore Plant Factory Market Revenues & Volume Share, By Growing System, 2021 & 2031F |
3.6 Singapore Plant Factory Market Revenues & Volume Share, By Facility Type, 2021 & 2031F |
3.7 Singapore Plant Factory Market Revenues & Volume Share, By Crop Type, 2021 & 2031F |
4 Singapore Plant Factory Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing urbanization leading to limited agricultural land availability |
4.2.2 Growing consumer demand for locally sourced, fresh produce |
4.2.3 Government initiatives promoting sustainable agriculture practices |
4.3 Market Restraints |
4.3.1 High initial setup costs for plant factories |
4.3.2 Technological challenges in optimizing plant growth in controlled environments |
4.3.3 Lack of skilled workforce in plant factory operations |
5 Singapore Plant Factory Market Trends |
6 Singapore Plant Factory Market, By Types |
6.1 Singapore Plant Factory Market, By Growing System |
6.1.1 Overview and Analysis |
6.1.2 Singapore Plant Factory Market Revenues & Volume, By Growing System, 2021-2031F |
6.1.3 Singapore Plant Factory Market Revenues & Volume, By Soil-based, 2021-2031F |
6.1.4 Singapore Plant Factory Market Revenues & Volume, By Non-soil-based, 2021-2031F |
6.1.5 Singapore Plant Factory Market Revenues & Volume, By Hybrid, 2021-2031F |
6.2 Singapore Plant Factory Market, By Facility Type |
6.2.1 Overview and Analysis |
6.2.2 Singapore Plant Factory Market Revenues & Volume, By Greenhouses, 2021-2031F |
6.2.3 Singapore Plant Factory Market Revenues & Volume, By Indoor Farms, 2021-2031F |
6.2.4 Singapore Plant Factory Market Revenues & Volume, By Other Facility Types, 2021-2031F |
6.3 Singapore Plant Factory Market, By Crop Type |
6.3.1 Overview and Analysis |
6.3.2 Singapore Plant Factory Market Revenues & Volume, By Vegetables, 2021-2031F |
6.3.3 Singapore Plant Factory Market Revenues & Volume, By Fruits, 2021-2031F |
6.3.4 Singapore Plant Factory Market Revenues & Volume, By Flowers & Ornamentals, 2021-2031F |
7 Singapore Plant Factory Market Import-Export Trade Statistics |
7.1 Singapore Plant Factory Market Export to Major Countries |
7.2 Singapore Plant Factory Market Imports from Major Countries |
8 Singapore Plant Factory Market Key Performance Indicators |
8.1 Energy efficiency ratio (EER) of plant factory operations |
8.2 Crop yield per square meter of growing area |
8.3 Carbon footprint reduction achieved through plant factory operations |
9 Singapore Plant Factory Market - Opportunity Assessment |
9.1 Singapore Plant Factory Market Opportunity Assessment, By Growing System, 2021 & 2031F |
9.2 Singapore Plant Factory Market Opportunity Assessment, By Facility Type, 2021 & 2031F |
9.3 Singapore Plant Factory Market Opportunity Assessment, By Crop Type, 2021 & 2031F |
10 Singapore Plant Factory Market - Competitive Landscape |
10.1 Singapore Plant Factory Market Revenue Share, By Companies, 2024 |
10.2 Singapore Plant Factory Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
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