Growing crops in layers that are piled vertically is known as vertical farming. In order to maximise plant development, controlled-environment agriculture and soilless farming methods like hydroponics, aquaponics, and aeroponics are widely utilised. Vertical farming systems are frequently housed in structures like buildings, shipping containers, tunnels, and defunct mine shafts. As of 2020, there will be about 30 hectares (74 acres) of operational vertical farms worldwide. The main advantage of employing vertical farming technology is increased crop output with a reduced requirement for land area per unit of crop. Because crops do not share the same plots of land when growing, there is an improved ability to cultivate a greater variety of crops at once.
Market Growth:
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)
Vertical Farming Market Overview
The Report Delivered By Maximize Market Research Helps Clients To Understand The Competitive Landscape In Detail, Which Is A Guide For Strategic Planning. The Vertical Farming Market Overview Provides Thorough Details About The Size Of The Market, Trade Statistics, Leading Players, And Various Market Metrics Such As Life Cycle, Trends, Etc.
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Vertical Farming Market Report Scope And Research Methodology
The Report Offers A Comprehensive Analysis Of The Vertical Farming Market, Including Trends, Forecasts, And Monetary Values. It Provides A Detailed Examination Of The Segments And Sub-Segments Within Both The Global And Regional Vertical Farming Markets. The Report Employs A Bottom-Up Approach To Estimate The Market Size Of The Vertical Farming Market, Ensuring Accuracy Across Various Segments. It Includes Comprehensive Information On Key Market Participants, As Well As New Entrants, Covering Their Services, Revenue, Financial Status, Portfolio, Growth Strategies, And Regional Presence. The Report Also Provides Projections For Market Size And Growth Rate And Highlights Existing And Future Trends Within The Vertical Farming Market.
Furthermore, The Report Presents An In-Depth Analysis Of Demand Projections, Market Trends, And Micro And Macro Factors That Impact The Vertical Farming Market. It Identifies The Drivers And Constraints Influencing The Growth Of The Vertical Farming Market. The Report Utilizes Qualitative And Quantitative Research Methods, Incorporating Tools Such As Swot Analysis, Pestle Analysis, And Porter's Five Forces Analysis. This Enables A Comprehensive Understanding Of The Market Dynamics. The Report Also Provides Insights Into Key Upcoming Developments That Are Expected To Influence The Demand For Vertical Farming In The Foreseeable Future.
Vertical Farming Market Segmentation
by Growth Mechanism
Hydroponic
Aeroponic
Aquaponic
The hydroponics segment, according to Growing Mechanism, had the biggest revenue share of more than 50.0% in 2022 and is anticipated to continue to hold a commanding position throughout the projection period. Hydroponics is a well-liked growth technique due to its low installation costs and simplicity of use. It is a technique for growing plants that substitutes a mineral solution for soil around the plant roots. Additionally, the hydroponics method reduces the risk of sickness due to soil organisms. Demand for hydroponics is expected to increase as consumers become more aware of the risks associated with pesticides. Plants grown hydroponically offer a better yield than equivalent soil-grown plants due to good nutrient 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 with a market share of more than 50.0%, and this trend is anticipated to continue during the forecast period. This growth is attributed to the building's ability to support crop production regardless of location. One of the main benefits of container farming is that it is portable and doesn't need a sizable piece of land or a special facility to start growing. Additionally, as competition grows, shipping container prices decrease since it is very inexpensive to acquire used containers, allowing more businesses to enter the market. Poor comparative productivity and conflict between light, heat, and layout are two drawbacks of such systems.
by Application
Indoor
Outdoor
The Key Manufacturers In The Vertical Farming Market
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
Vertical Farming Market Regional Insights
The Report Provides A Regional Analysis That Aids In Comprehending The Vertical Farming Market Across Multiple Countries. It Offers A Comprehensive Examination Of Various Factors, Market Size, Growth Rate, As Well As Import And Export Statistics Within Different Regions. The Vertical Farming Market Is Categorized Into Several Major Regions, Namely North America, Europe, Asia Pacific, Latin America, The Middle East, And Africa. The Report Delves Into Each Of These Regions To Provide Detailed Insights And Understanding Of The Vertical Farming Market's Dynamics And Performance In Each Geographical Area.
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Table Of Content For The Vertical Farming Market Includes:
1. Global Vertical Farming Market: Research Methodology
2. Global Vertical Farming Market: Executive Summary
2.1. Market Overview and Definitions
2.1.1. Introduction to Global Vertical Farming Market
2.2. Summary
2.2.1. Key Findings
2.2.2. Recommendations for Investors
2.2.3. Recommendations for Market Leaders
2.2.4. Recommendations for New Market Entry
3. Global Vertical Farming Market: Competitive Analysis
3.1. MMR Competition Matrix
3.1.1. Market Structure by region–
3.1.2. Competitive Benchmarking of Key Players
3.2. Consolidation in the Market
3.2.1 M&A by region
3.3. Key Developments by Companies
3.4. Market Drivers
3.5. Market Restraints
3.6. Market Opportunities
3.7. Market Challenges
3.8. Market Dynamics
3.9. PORTERS Five Forces Analysis
3.10. PESTLE
3.11. Regulatory Landscape by region
• Asia Pacific
• Europe
• North America
• The Middle East and Africa
• South America
3.12. COVID-19 Impact
4. Global Vertical Farming Market Segmentation
4.1. Global Vertical Farming Market, by Growth mechanism type (2022-2029)
• Hydroponic
• Aeroponic
• Aquaponic
4.2. Global Vertical Farming Market, by Structure (2022-2029)
• Building based structure
• Container based structure
4.3. Global Vertical Farming Market, by Application (2022-2029)
• Indoor
• Outdoor
Key Questions Answered In The Vertical Farming Market Are:
- Which Are The Factors Expected To Drive The Vertical Farming Market Growth?
- What Are The Different Segments Of The Vertical Farming Market?
- What Are The Factors Restraining The Growth Of The Vertical Farming Market?
- What Is The Demand Pattern Of The Vertical Farming Market?
- What Major Challenges Could The Vertical Farming Market Face In The Future?
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Key Offerings:
- Past Market Size And Competitive Landscape (2018 To 2022)
- Past Pricing And Price Curve By Region (2018 To 2022)
- Market Size, Share, Size & Forecast By Different Segment | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, And Key Trends By Region
- Market Segmentation – A Detailed Analysis By Segment With Their Sub-Segments And Region
- Competitive Landscape – Profiles Of Selected Key Players By Region From A Strategic Perspective
- Competitive Landscape – Market Leaders, Market Followers, Regional Player
- Competitive Benchmarking Of Key Players By Region
- Pestle Analysis
- Porter’s Analysis
- Value Chain And Supply Chain Analysis
- Legal Aspects Of Business By Region
- Lucrative Business Opportunities With Swot Analysis
- Recommendations
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