The report provides an analysis of both the current and future conditions in the “Vertical Farming Market”, delivering valuable insights and the latest information across essential segments. Within the context of the Vertical Farming market, the study covers crucial research areas like revenue generation, sales, and overall income. In order to offer a thorough evaluation, the report presents two distinct scenarios that encompass the entire range of the Vertical Farming market, including the projected Vertical Farming sales during the forecast period.
Vertical Farming Market Key Insights :
Vertical Farming Market was valued at USD 22.19 Billion in 2022, and it is expected to reach USD 15.78 Billion by 2029, exhibiting a CAGR of 18.6 % during the forecast period (2023-2029)
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Vertical Farming Market Report Scope and Research Methodology
The primary goal of the Vertical Farming market report is to offer a comprehensive analysis using clear and straightforward language. The study encompasses all the prominent companies and key aspects within the Vertical Farming market, evaluating various measures like volume, share, growth, and strategies. This research not only assists established businesses in refining their operational plans but also provides future entrants with strategic recommendations. MMR’s research undertakes a thorough exploration of the Vertical Farming market, highlighting the foremost global companies based on metrics such as volume, share, strategies, and growth. The report further supplies strategies applicable to both existing industry participants and prospective Vertical Farming market entrants. Moreover, the global report for the Vertical Farming market presents a meticulous breakdown of regional share distribution, accompanied by an examination of growth drivers in those specific regions.
Vertical Farming Market Segmentation
by Growth Mechanism
Hydroponic
Aeroponic
Aquaponic
According to Growing Mechanism, the hydroponics market had the largest revenue share of over 50.0% in 2022 and is predicted to continue leading the market for the duration of the forecast. Hydroponics is a widely used growing technology due to its low installation costs and simplicity of use. It’s a technique for growing plants without soil that involves replacing the dirt around the roots of the plants with a mineral solution. Moreover, the use of hydroponics technology removes the chance that soil organisms could spread disease. It is anticipated that as consumers become more aware of the risks associated with pesticides, demand for hydroponics will rise. When compared to equivalent soil-grown plants, hydroponically grown plants yield more due to effective nutrition control.
by Structure
Building based structure
Container based structure
According to Structure, the vertical farming market was led by the shipping container segment in 2022, accounting for over 50% of the market, and this trend is expected to continue during the forecast period. This growth is explained by the structure’s ability to support agricultural production wherever it is located. One of the main benefits of container farming is its portability; it doesn’t need a large amount of land or a special facility to start growing. Additionally, since it is very inexpensive to get used containers, the price of shipping containers decreases as competition grows, enabling more businesses to enter the market. Nevertheless, these systems have certain drawbacks, such as low productivity in comparison and conflict between layout, heat, and light.
by Application
Indoor
Outdoor
Vertical Farming Market Regional Insights
The different section on regional segmentation gives the regional aspects of the global Vertical Farming Market. This chapter describes the regulatory landscape that is expected to impact the market. It highlights the political landscape in the market and forecasts its influence on the Vertical Farming market globally. The presence and availability of global brands with the challenges they confront due to severe competition from local and domestic brands, the impact of domestic tariffs, and trade channels, are all taken into account. The Vertical Farming report covers the five regions and their country-wise distribution are:
North America – (U.S., Canada, and Mexico)
Europe – (U.K., Germany, France, Spain, Italy, Sweden, CIS Countries, and Rest of Europe)
Asia Pacific – (China, India, Japan, South Korea, Australia, ASEAN, and Rest of APAC)
Middle East & Africa – (South Africa, GCC Countries, Nigeria, Egypt, and Rest of ME&A)
South America – (Brazil, Argentina, Colombia, and Rest of South America)
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Key Companies in the Vertical Farming Market include
1. AeroFarms 2. Plenty 3. Green Spirit Farms 4. Bowery farming 5. BrightFarms 6. Gotham Greens 7. Iron Ox 8. Infarm 9. Agricool 10. CropOne 11. Illumitex 12. PodPonics 13. Surna 14. Freght Farms 15. Voeks Inc 16. Signify 17. Osram 18. Freight Farms 19. Sky Greens 20. Spread 21. Valoya 22. Everlight Electronics 23. Heliospectra AB 24. Green Sense Farms 25. Agrilution 26. American Hydroponics 27. Urban Crop solutions 28. Vertical Farm Systems
Table of Content: Vertical Farming Market
Part 01: Executive Summary
Part 02: Scope of the Vertical Farming Market Report
Part 03: Global Vertical Farming Market Landscape
Part 04: Global Vertical Farming Market Sizing
Part 05: Global Vertical Farming Market Segmentation by Type
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
Key Offerings:
- A detailed Analysis of the Market Overview
- Market Share, Size & Forecast by Revenue | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Market Segmentation – A detailed analysis by Route of administration, Application, Facility of use and Region and Region
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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