The global demand for Vertical Farming Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% during the period of 2022-2028.
Vertical farming is the agricultural practice of producing food vertically for imparting better protection to the plants/crops in extreme weather conditions. The plants cultivated under this method are grown by stacking vertically above each other in the limited space. It involves techniques such as hydroponics, aeroponic, or soil for producing fruits, vegetables, and herbs, even in a stressful environment. It is a novel method for improving the yield in an indoor environment under controlled temperature, nutrient supply, lights, humidity, air circulation, and irrigation methods.
The increasing adoption of organic foods due to the nutritional outcome and free from hazardous chemicals is driving for the vertical farming market. Rapid urbanization leading to a reduction in the arable land in results in demand for the novel farming technique as a space-saving option is favouring the market growth. The increasing importance of the modern agricultural method resulting in a reduction in deforesting and overall pollution is further propelling the growth of this market. However, the high installation cost of vertical farming is acting as significant restraint impacting its adoption across various regions.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of vertical farming.
The entire vertical farming market has been sub-categorized into structure, offering, growing mechanism and fruits vegetables & herbs. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
- Shipping Container
By Growing Mechanism
- Hydroponic Components
- Climate Control
By Fruits Vegetables & Herbs
- Bell & Chili Peppers
- Leafy Greens (excluding lettuce)
This section covers regional segmentation which accentuates on current and future demand for vertical farming market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Vertical Farming Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the vertical farming market include Agrilution, American Hydroponics, AeroFarms, BrightFarms, Everlight Electronics Co., Ltd., Freight Farms, GrowUp Urban Farms, Green Sense Farms, LLC, Illumitex, Inc., Vertical Farm Systems. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.