Global Vertical Farming Market was valued at USD 2.81 billion in 2021 and is expected to reach USD 7.03 billion by the year 2028, at a CAGR of 14%.
The vertical farming market pertains to the cultivation of crops in vertically stacked layers or structures, typically indoors or in controlled environments. This innovative approach to agriculture utilizes advanced technologies such as hydroponics, aeroponics, and controlled environment agriculture (CEA) systems to optimize growing conditions and maximize yields in limited space.
Market Overview:
Due to reasons such urbanization, water shortage, land scarcity, and the growing need for year-round fresh produce, the vertical farming industry has experienced tremendous expansion in recent years. Higher crop yields, less water and pesticide use, and the possibility to produce crops closer to metropolitan areas, which lowers transportation costs and carbon emissions, are just a few benefits that vertical farming has over traditional farming techniques.
Market Trend :
The vertical farming industry is being shaped by a number of developments. The use of automation systems and smart technology to maximize plant development, track environmental conditions, and reduce resource usage is one prominent trend. Real-time data collection and data-driven decision-making to optimize production and efficiency are made possible for vertical farms by IoT sensors, data analytics, and AI-driven algorithms. Furthermore, customers, retailers, and foodservice providers who are looking for locally grown, sustainably produced, pesticide-free fruits, vegetables, and herbs are becoming more and more interested in vertical farming.
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Leading players involved in the Vertical Farming Market include:
FarmVisionAI (US)AmHydro (US),Mirai Co. Ltd (Japan),Osram Licht AG (Germany),Freight Farms (US),AeroFarms LLC (US),Bright Farms (US),Sky Greens (Singapore),Spread Co. Ltd.; (Japan),Plenty Unlimited Inc. (the US),Future Crops (Netherlands),Vertical Farm Systems (Australia),Valoya (Finland),Everlight Electronics Co. Ltd. (Taiwan),Heliospectra AB (Sweden),Intelligent Growth Solutions (Scotland),Green Sense Farms (US),Agrilution Systems GmbH (Germany),Vertical Future Ltd (UK)
The latest report on the Vertical Farming Market provides a detailed analysis of the market for the years 2024 to 2032. It presents a comprehensive overview of the global Vertical Farming industry, incorporating all key industry trends, market dynamics, competitive landscape, and market analysis tools such as Porter’s five forces analysis, Industry Value chain analysis, and PESTEL analysis of the Vertical Farming market. Moreover, the research covers crucial chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to grasp the market direction and development in the present and forthcoming years.
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Segmentation of Vertical Farming Market:
By Type
· Lighting
· Hydroponic Components
· Climate Control
· Sensors
· Software Services
By Growth Mechanism
· Hydroponics
· Aeroponics
· Aquaponics
By Structure
· Shipping Container
· Building-based
By Crop Type
· Fruits Vegetables
· Other Crop Types
An in-depth study of the Vertical Farming industry for the years 2024–2032 is provided in the latest research. North America, Europe, Asia-Pacific, South America, the Middle East, and Africa are only some of the regions included in the report’s segmented and regional analyses. The research also includes key insights including market trends and potential opportunities based on these major insights. All these quantitative data, such as market size and revenue forecasts, and qualitative data, such as customers’ values, needs, and buying inclinations, are integral parts of any thorough market analysis.
By Regions: -
- North America (US, Canada, Mexico)
- Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
- Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
- Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
- Middle East Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
- South America (Brazil, Argentina, Rest of SA)
Key Benefits of Vertical Farming Market Research:
- Research Report covers the Industry drivers, restraints, opportunities and challenges
- Competitive landscape strategies of leading key players
- Potential niche segments and regional analysis exhibiting promising growth covered in the study
- Recent industry trends and market developments
- Research provides historical, current, and projected market size share, in terms of value
- Market intelligence to enable effective decision making
- Growth opportunities and trend analysis
- Covid-19 Impact analysis and analysis to Vertical Farming market
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