Global Vertical Farming Market research report offers a panoramic view of the Vertical Farming Market , regulatory framework, and macro- and micro-economic factors that influence the growth of the industry. The report strives to offer authentic information about the Vertical Farming Market size, share, product portfolio, revenue estimations, and growth rate. The report has been formulated through extensive primary and secondary research along with verified and reliable data obtained from industry experts and profess ionals.
Global vertical farming market size reached USD 4.80 Billion in 2022 and is expected to register a revenue CAGR of 24.1% 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 2022-2032.
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.
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Major Companies and Competitive Landscape
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.
Objective:
The objective of this report is to provide a comprehensive overview of the Vertical Farming Market . It covers market trends, key players, growth drivers, challenges, and opportunities in the market. Additionally, this report aims to analyze the impact of the COVID-19 pandemic on the Vertical Farming Market and forecast the market size and growth potential in the coming years.
Valuable Market Insights:
- The report highlights the latest trends observed in the consumption pattern of each regional segment.
- Extensive market segmentation included in the report helps better understand the revenue and estimated growth of the individual regions.
- The report throws light on the historical and current market scenarios and provides a concise year-on-year growth rate of the global Vertical Farming Market .
- The report further entails the current market trends, technological advancements, revenue growth, and other aspects affecting Vertical Farming Market growth.
Objectives of the Global Vertical Farming Market Study:
- An in-depth study of the evolving market sectors and the growth & penetration status of the global Vertical Farming Market
- COVID-19 Impact Analysis to highlight the major opportunities and challenges
- Strategic recommendations to help readers formulate lucrative business strategies
- Identification of the emerging players and their tactical approaches to expand market presence
- An extensive study of the product portfolios of the major Vertical Farming Market players and their regional presence
- A closer look at the strategic initiatives undertaken by the leading companies across this industry, including mergers & acquisitions, collaborations, partnerships, and joint ventures
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For the purpose of this report, Emergen Research has segmented the global vertical farming market on the basis of system, type, structure, equipment, and region:
· System Outlook (Revenue, USD Billion; 2019–2032)
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- Hydroponics
- Aeroponics
- Aquaponics
· Deployment Outlook (Revenue, USD Billion; 2019–2032)
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- Aggregate System
- Open System
- Closed System
- Liquid System
- Aggregate System
· Structure Outlook (Revenue, USD Billion; 2019–2032)
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- Building Based
- Shipping Container Based
Region wise performance of the Vertical Farming Market industry
North America Vertical Farming Market forecast is expected to remain significantly positive in terms of revenue share between 2020 and 2030 . In addition, North America Vertical Farming Market revenue share is expected to remain comparatively larger than that of other regional markets from 2020 to 2030 .
Asia Pacific registered fastest revenue CAGR in 2020, and the Vertical Farming Market forecast is that this trend is expected to continue going ahead. Market forecast states that revenue share contribution from China, India, and South Korea is expected to remain robust till 2030 .
Europe Vertical Farming Market forecast is positive currently, with revenue growth expected to remain steady between 2020 and 2030 . Robust focus on research and development initiatives by major firms and changing trends and demographics in countries in the region are some factors expected to continue to support Vertical Farming Market growth.
Questions addressed in the report:
- What is the estimated market growth rate throughout the forecast period?
- Which end-use industry is expected to witness the highest demand for Vertical Farming Market in the near future?
- What is the regulatory framework governing the application of Vertical Farming Market in the food industry?
- Which manufacturing processes are utilized for the production of Vertical Farming Market ?
The report provides a sophisticated analysis of the insightful data of the Vertical Farming Market industry that has been formulated based on thorough primary and secondary research. The details have further been validated and verified by the industry experts. The precise data offered by the report offers fruitful information about sales strategies to improve market performance.
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