Vertical Farming Market Top Manufacturers and Research Methodology by 2027

According to the most recent report, the vertical farming market is expected to generate USD 6.5 billion by the end of 2024, with a CAGR of about 20% between 2019 and 2024. With the bulk of its sectors operating well, the segment by component is likely to hold the lion’s share. In terms of geographic share, Asia Pacific holds a majority share because these countries are home to a big proportion of the world’s population.

The vertical farming market is one of the fastest-growing farming markets in the world, and the vertical farming approach has revolutionised old farming methods that required vast amounts of land and surfaces for crop cultivation. The growing population and ever-increasing food demand have put a strain on the farming business, making it impossible to meet everyone’s needs. Also, to satisfy the increased needs, the environment was badly influenced and injured; hence, all of these issues contributed to the growth of vertical farming firms and indoor vertical farming techniques.

Vertical farming systems and technologies offer a superior approach to farming methods in that they allow the production of crops in large quantities within a confined land area while not requiring large sums of money to be invested in capital and also having a minimal environmental impact.

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Vertical Farming Market Segmentation

Throughout the projection period, hardware is the dominant sector in terms of market share in the vertical farming industry. Vertical farming is a type of controlled environment agriculture activity that takes place indoors and uses an artificial environment to aid crop growth. Vertical farming replaces sunlight, which is essential for photosynthesis, with artificial lights. Hydroponics, one of the vertical farming technologies, is the process of growing crops without soil in which a constant supply of water containing vital nutrients is delivered to crop roots. Similarly, climate control systems are built to produce an appropriate atmosphere for growth, and sensors are put to measure and monitor crop growth.

Vertical Farming Market scope:

The study draws a forecast of the growth of the vertical farming market by evaluating the market size, share, demand, trends, and gross revenue of the industry. It also focuses on the positions of the major companies against the competitive landscape and their individual share in the global market. The report segments the industry based on product type, application and end-use. It highlights the recent trends and technological developments in the sector that will potentially influence the industry. The research offers a detailed outlook of the trends observed in the market, the contributing factors, major stakeholders, key companies and prime areas that exhibit a potential for growth.

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Vertical Farming Region Classification

The worldwide vertical farming market has been classified into four regions, each of which has made major contributions in terms of capabilities and population demands. However, among the four nations, the Asia Pacific region has accounted for the majority of the vertical farming market share, as the key drivers for the vertical farming industry’s growth are developed here, and the population appears to be quite interested in market innovations in terms of new products. Countries such as China, Japan, Korea, and India are predicted to generate the majority of vertical farming market income. According to vertical farming data, the population of these countries, as well as their disposable incomes, has been expanding, resulting in changes in lifestyles and shifting expectations.

Vertical Farming Industry News

4D Bios Inc., AeroFarms, Agrilution, AMHYDRO (American Hydroponics), Everlight Electronics Co., Ltd., Hort Americas, Illumitex Inc., Koninklijke Philips N.V., Urban Crop Solutions, and Sky Greens are among the key vertical farming market participants. To gain a foothold in the vertical farming sector, market participants have used a variety of strategies such as product introduction, collaboration and partnership, joint venture, and acquisition.

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TABLE OF CONTENTS

1. 1 EXECUTIVE SUMMARY

1.1. Market Attractiveness Analysis

1.1.1. Global Vertical Farming Market, By Technology

1.1.2. Global Vertical Farming Market, By Structure

1.1.3. Global Vertical Farming Market, By Crop Type

1.1.4. Global Vertical Farming Market, By Region

2. MARKET INTRODUCTION

2.1. Definition

2.2. Scope Of The Study

2.3. Market Structure

2.4. Key Buying Criteria

2.5. Macro Factor Indicator Analysis

3. RESEARCH METHODOLOGY

3.1. Research Process

3.2. Primary Research

3.3. Secondary Research

3.4. Market Size Estimation

3.5. Forecast Model

3.6. List Of Assumptions

4. MARKET DYNAMICS

4.1. Introduction

4.2. Drivers

4.3. Restraints

4.4. Opportunities

4.5. Challenges

5. MARKET FACTOR ANALYSIS

Continued…

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