Kiribati Indoor Farming Market: Industry Overview (2022-2027) by Component, Growing System, Crop Type, Facility Type

Kiribati Indoor Farming Market Overview:

Indoor agriculture is a type of modern agriculture that involves cultivating crops in a controlled environment. The global market for indoor farming is growing, fueled by the rising global population and the resulting desire for more secure and reliable food sources. Traditional agriculture is restricted to locations with enough land and water. It's an appendix to Kiribati's 20-Year Vision (KV20) that intends to operationalize the government's national goals, strategies, plans, and priorities in the agriculture sector. By 2030, Kiribati is expected to require 50% more food to feed its increasing population. Indoor Farm productivity and lives are threatened by extreme weather and rising sea levels. Coastal fisheries and marine stocks are being depleted due to overfishing and unregulated commercial development. Twenty-five percent of children under the age of five are underweight, and 38 % of men and 54 % of women aged 20 and over are fat.

 

The report examines the market's growth drivers as well as its segments (Component, Growing System, Crop Type, and Facility Type). This market study takes an in-depth look at all of the significant advancements that are currently occurring across all industry sectors. To provide key data analysis for the historical period (2017-2020), statistics, infographics, and presentations are used. The report examines the Laser Interferometer market's, Restraints, Opportunities, and Challenges. This SMR report includes investor recommendations based on a detailed analysis of the current competitive landscape of the Laser Interferometer market.

 

Kiribati Indoor Farming Market Dynamics:

Environment sustainability:

 

Indoor Farming and environmental sustainability are inextricably intertwined, as environmental damage can reduce agricultural production, and unsustainable agriculture methods can result in irreversible environmental damage. The repercussions of climate change are already being seen in Kiribati. Higher air temperatures, changes in rainfall patterns, increased occurrence of extreme weather events, and sea-level rise due to saltwater inundation of groundwater and the limited soil availability are some of the observed changes that will continue to have an impact on agriculture production. All of these climate consequences, especially rising sea levels, are disturbing and hampering Kiribati Indoor Farming Market productivity.

Temperature rises can increase the occurrence of food-borne illnesses, provoke disease and pest outbreaks, diminish agricultural yields, and stress livestock, all of which reduce production. Flooding and drought can be caused by changes in rain patterns and extreme weather events, which can reduce productivity and increase the incidence of food-borne diseases. Changes in weather patterns alter the profile of existing pests and diseases, perhaps resulting in pest/disease epidemics at inconvenient periods.

 

 

Land Tenure System and Land availability:

 

The Kiribati Indoor Farming sector's production and development are being hampered by the land tenure structure. Kiribati has limited land to diversify and enhance farming production and productivity, with only 42% of the total land available for agriculture. However, due to limits in the local and traditional land tenure system, available agricultural land is not readily accessible, which is a major impediment to private sector development. Land in the Gilbert Islands Group is unequally divided among the population and is owned by individuals or families. Individually held land, including bought land, is registered in the name of the individual or individuals. The government owns the atolls in the Phoenix and Line Islands.

 

Technical Skills of Indoor Farming Staff Improved

 

The need to increase the farming staff's technical abilities, particularly their diagnostic skills, was underlined during a participative engagement with stakeholders. Improvements in agricultural personnel diagnostic skills are expected to make a substantial contribution to effectively resolving difficulties that farmers face. Technology development on the farm will also be encouraged. Farmers must be involved in diagnosing problems and agreeing on solutions from the start, as well as in the development, deployment, and assessment of technology to support their agricultural and forestry activities.

 

Kiribati Development Plan (KDP)

 

• The KDP is a four-year mid-term strategy that establishes government priorities. It directs the creation of policies and activities that promote inclusive economic growth. The KDP is divided into six key program areas (KPAs): Economic Growth and Poverty Reduction, Human Resource Development, Health, Environment, Governance, and Infrastructure.

 

• Kiribati's National Adaptation Plan is known as the (NAP). This integrated adaptation plan included 104 activities to supplement the government's sectoral objectives and national priorities in addressing climate change impacts, strengthening resilient development, and increasing financial and technical coordination and collaboration across sectors. In light of climate change, this plan emphasizes the need for food security.

 

Kiribati Indoor Farming Market Segment Analysis:

Based on facility type, the Indoor Vertical Farm segment held the largest market share of xx% in 2021, owing to the increasing usage of environmentally friendly fruit and vegetable farming Furthermore, shifting consumer food purchasing habits is likely to increase demand for organic food. Indoor farming uses modern techniques to preserve crops from harsh weather, such as controlled environment agriculture technology, which uses light control, artificial environmental monitoring, and fustigation.

 

 

Based on crop type, the Fruits & vegetable segment held the largest market share of xx% in 2021. Tomatoes, lettuce, leafy greens, cucumbers, bell peppers, and chili peppers, among other regularly grown fruits, vegetables, and herbs, are driving segment expansion. These crops are grown on a massive scale to ensure that the firms engaged in their production make the most money possible.

 

 

The purpose of this research is to provide stakeholders in the industry with a thorough insight into the Kiribati Indoor Farming market. The study includes an analysis of difficult data in simple language, as well as the industry's historical and current state, as well as anticipated market size and trends. The market report examines all segments of the industry, with a focus on significant players such as market leaders, followers, and new entrants. The report includes a PORTER, and PESTEL analysis as well as the possible influence of microeconomic market determinants. External and internal elements that are expected to have a favorable or negative impact on the market have been examined, providing decision-makers with a clear future vision of the industry. The research also aids in comprehending the Kiribati Indoor Farming market dynamics and structure by studying market segments and forecasting market size. The research is an investor's guide since it depicts the competitive analysis of major competitors in the Kiribati Indoor Farming market by product, price, financial situation, product portfolio, and growth plans.

 

Kiribati Indoor Farming Market Scope:

Kiribati Indoor Farming Market		Market Segmentation
Market Indicators:	Details	by Component	Hardware Software & Services
Historical Data:	2017-2020	by Growing System	Aeroponics Hydroponics Aquaponics Soil-based Hybrid
Forecast Period:	2022-2027	by Crop Type	Fruits & vegetables Flowers & Ornamentals Others
Base Year:	2021	by Facility Type	Glass or Poly Greenhouse Indoor Vertical Farm Container Farm Indoor DWC System
CAGR:	%
Market Size in 2021:	USD Mn.
The market size in 2027:	USD Mn.

 

Kiribati Indoor Farming Market Players

• ifarm
• Central Pacific Producers Ltd
• SWINTECH
• Dominos Mini Mart
• Tekatirirake Boboti Ltd
• One heart
• Levett Print