Local Bounti Secures $15M Convertible Note From Strategic Investor
Local Bounti Corporation (NYSE: LOCL), a U.S. indoor agriculture company, has announced it secured $15 million through the issuance of.
Global Greenhouse Industry: Growth, Innovation, and Sustainability
Market Expansion and Key Trends in Controlled-Environment Agriculture
The global greenhouse industry is experiencing rapid growth, driven by the demand for year-round fresh produce, climate change adaptation, and advancements in smart farming technologies. The commercial greenhouse market reached $39.34 billion in 2025 and is projected to expand to $60.72 billion by 2029, with some forecasts suggesting it could surpass $87.64 billion by 2033. Europe currently leads the industry, accounting for 33.5% of total revenue, while Asia-Pacific is expected to see the fastest growth due to food security concerns and high-yield farming techniques.
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