In-depth Vertical Farming Market Synopsis
The MMR offers a concise depiction of the “Vertical Farming Market” industry, delivering an in-depth analysis of the Vertical Farming Market. The comprehensive industry overview meticulously delves into the market's dimensions, encompassing various market dynamics such as strategies, market revenue, pricing analysis, micro and macro market trends, scenarios, and industry benchmarks. It extensively covers regional consumer preferences, market sizes, and industrial competition.
Vertical Farming Market Growth Estimated:
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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Extent of the Market Report and Research Approach Vertical Farming Market
The sizing of specific segments within the Vertical Farming market was determined utilizing diverse secondary sources including industry associations, white papers, and journals. Primary methods incorporated surveys, questionnaires, and telephonic interviews with esteemed professionals, industry specialists, market leaders, entrepreneurs, and marketing experts. Employing PESTLE analysis facilitated comprehension of the potential impact of micro and macro-economic factors on the Vertical Farming Market.
Thorough scrutiny of industry rivalry, comprising market leaders, followers, and emerging entrants, was conducted. Extensive primary research validated and confirmed crucial statistics attained post-comprehensive Vertical Farming market engineering and calculations, encompassing market statistics, size estimations, forecasts, breakdowns, and data triangulation. Secondary data was gathered from annual reports, articles, paid and free databases, etc. The bottom-up approach was utilized to estimate regional and Vertical Farming market sizes.
Vertical Farming Market Divisibility
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
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Localised Perspectives on the Vertical Farming Industry
Regional analytics span across North America, South America, Asia Pacific, Europe, the Middle East, and Africa. The report entails a comprehensive elucidation of market sizes, trends, competition, and technology adoption on a regional basis.
The Vertical Farming Market's Principal Players
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
Section Heading: Vertical Farming Industry
Part 01: Executive Summary
Part 02: Scope of the Vertical Farming Market Report
Part 03: Vertical Farming Market Landscape
Part 04: Vertical Farming Market Sizing
Part 05: 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
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Principal Products/Services:
- Historical Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curves by region (2018 to 2021)
- Industrial Manipulator Market Size, Share, and Forecast by different segments | 2023−2029
- Industrial Manipulator Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Industrial Manipulator Market Segmentation – In-depth analysis by Type, Application, and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Market Leaders, Market Followers, Regional players
- 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
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