Plant Growth Chambers Market Size

Plant Growth Chambers Market Analysis

The Plant Growth Chambers Market size is estimated at USD 486.60 million in 2024, and is expected to reach USD 612.22 million by 2029, growing at a CAGR of 4.70% during the forecast period (2024-2029).

• Rapid urbanization, rising population, and declining arable land are leading to increasing food security concerns around the world. This represents one of the key factors catalyzing the demand for plant growth chambers as they enhance the productivity of agricultural land. These chambers are utilized in horticulture crop production and provide consistent crop quality, increased productivity, flexibility in changing plant location, and thus an efficient usage of the space.
• There is increasing adoption of plant growth chambers for both industrial and academic research purposes. The need to feed an ever-growing global population, coupled with the increasing demand for sustainable agricultural practices, fuelled a significant rise in the demand for plant growth chambers across the world. Moreover, a decreased arable land worldwide is driving the demand for these artificial growth chambers for sustainable crop production. According to the FAO, in the year 2020, the global arable land accounted for 1,387,172.6 thousand hectares, which decreased from 1,389,750.0 thousand hectares in 2018.
• Furthermore, advancements in biological engineering, along with the growing adoption of genetically modified crops, are also contributing to market growth. Moreover, the increasing popularity of plant growth chambers in dry climatic regions that are more susceptible to drought conditions is also driving the growth of the market.