Global vertical farming market size reached USD 3.09 Billion in 2021 and is expected to register a revenue CAGR of 23.5% during the forecast period, according to latest analysis by Emergen Research. Increase in global demand for food and rapid urbanization are expected to support market revenue growth during 2022-2030.
In addition, the rapid climate change caused by global warming has adversely affected the weather patterns, causing irregular rainfall, drought, desertification, thereby reducing agricultural productivity. Increasing population is expected to lead to a rise in global demand for food, which is further expected to increase demand for alternative agriculture practices such as vertical farming to ensure food security. This is expected to further accelerate revenue growth of the market during the forecast period.
Urban farming technology, which involves large-scale agricultural production in the urban environment within constrained places, is increasingly being adopted as a result of the rapid development in urbanisation. Over 50% of the world’s population, which is projected to rise by 1.5 times by 2045, presently resides in metropolitan areas. The need for vertical farming is anticipated to significantly expand as more people live in cities. By preserving ideal climatic conditions and nutritional content, vertical farming techniques promote faster development and output of the crops. Additionally, because vertical farms allow users to adapt the growing demands independent of weather and are significantly less subject to climate change, they can grow food all year round.
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Sample Reports Provides :
Vertical farming market Size & Share Estimation and Forecast
Vertical farming market Intelligence & Market Opportunity Assessment
Competitor Benchmarking
Competitive Landscape Study
Extensive market scope covering all major offerings in the ecosystem
In-depth analysis for all the countries covered in each report
Current and upcoming trends impact analysis
How will this Report Benefit you?
A 250-page report from Emergen Research includes 194 tables and 189 charts and graphics. Anyone in need of commercial, in-depth assessments for the global lab-on-a-chip market, as well as comprehensive market segment analysis, can benefit from our new study. You can assess the whole regional and global market for vertical farming market with the aid of our recent study. To increase market share, obtain financial analysis of the whole market and its various segments. We think there are significant prospects in this industry for rapidly expanding energy storage technology. Look at how you may utilise the current and potential revenue-generating prospects in this sector. The research will also assist you in making better strategic decisions, enabling you to build growth strategies, strengthen competitor analysis, and increase business productivity.
Some Key Highlights from the Report :
Building-based segment revenue is expected to expand at a substantially rapid CAGR during the forecast period owing to increasing urbanization and minimal availability of land in urban areas for agricultural practices.
Control systems segment accounted for largest revenue share over the forecast period owing to increasing demand for intelligent control systems embedded in buildings and containers for controlling and optimizing the internal environment conditions to prolong productivity.
North America is expected to register a steady revenue growth rate in vertical farming market over the forecast period owing to the robust presence of international and domestic enterprises providing vertical farming products such as AeroFarms, LLC, Freight Farms, Inc., Green Sense Farms Holdings, Inc., LumiGrow, Inc., and Hydrofarm LLC. among others in countries in the region.
Some major companies in global market report include AeroFarms, LLC, Agricool SAS, Sky Greens, Emirates Vertical Farming Farms, Freight Farms, Inc., Green Sense Farms Holdings, Inc., Heliospectra AB, LumiGrow, Inc., Signify Holding B.V., and Hydrofarm LLC.
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This research allows the business owners/individuals/ stakeholders to collect decisive information about market segmentation based on product category, usage and sale volume across the various geographical regions. Business stakeholders can prepare effective expansion plan by using the statistics on market share, size and the growth rate discussed in the report.
Segmented the global Vertical farming market :
Emergen Research has segmented global vertical farming market on the basis of system, type, structure, equipment, and region:
System Outlook (Revenue, USD Billion, 2019–2030)
- Hydroponics
- Aeroponics
- Aquaponics
Type Outlook (Revenue, USD Billion, 2019–2030)
- Aggregate Systems
- Open System
- Closed System
- Liquid Systems
Structure Outlook (Revenue, USD Billion, 2019–2030)
- Building-based
- Shipping Container-based
Equipment Outlook (Revenue, USD Billion, 2019–2030)
- Heating Ventilation and Air Conditioning (HVAC)
- Light-emitting Diode (LED)
- Grow Lights
- Irrigation Systems
- Material Handling Equipment
- Control Systems
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Geographically, this report studies the key regions, focuses on product sales, value, market share and growth opportunity in these regions, covering:
- United States
- Europe
- China
- Japan
- Southeast Asia
- India
This Report Contains Answers To The Following Questions:
What will the market size and growth rate be in the forecast period?
Which are the recent industry trends that can be implemented to generate additional revenue streams?
What are the key market trends?
What are the significant segments operating in the Vertical farming market ?
What are projections of the industry considering capacity, production, and production value?
Where will the strategic developments take the industry in the mid to long-term?
How big is the opportunity for the Vertical farming market ?
How much is the Vertical farming market worth?
Who are the major players operating in the Vertical farming market ?
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