Vertical Farming Market: was valued at US$ 3.4 Bn. in 2020 and expected to grow at a CAGR of 18.6% during the forecast period (2021-2027), thanks to the growing trend of hydroponic farming use which has boosted demand for Global Vertical Farming Market.
Vertical Farming Market Overview: Verticle farming is a process of growing crops in vertical stack layers by the use of artificial light and temperature. As compared to the conventional method of farming the vertical farming uses less physical space, less use water, less labor cost, and high productivity, etc. Crops such as summer squash, peppers, eggplant, cantaloupe, English cucumber, herbs, tomatoes, and mushrooms, etc. some of the vertical farming methods leading the market are hydroponic, aquaponic, and aeroponic. The USA has the leading number of vertical farms and is considered the future of agriculture. The global vertical farming market is estimated to reach US$ of 11.22 Bn. by 2027.
The Maximize Market Report on Vertical Farming Market provides, global level valuable source of data to help in better preparation for business strategies. It covers, industry overview with demand growth, balance sheet, challenges faced and opportunities for the leading key players in the Vertical Farming market.
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Vertical Farming Market Report Scope:
The Maximize Market Research report offers thorough and dynamic research methodology.
We provides, information about major growth drivers, market dynamics, challenges and scope along with the PESTAL, PORTER and SWOT analysis.
The report is also with the new developments and latest technologies in the Vertical Farming market.
We are providing detailed information for Vertical Farming market in the form of market shares, supply chain analysis and key success factors.
The final conclusion part of report is full of with the opinions of the industrial experts from the top leading organizations in the Vertical Farming market.
Years Considered for the report
Historical Years: 2016-2020
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2021-2027
COVID-19 Impact on the Vertical Farming Market:
The MMR report on the Vertical Farming market also states lots of detailed information regarding COVID-19 impact on the market. We have mentioned development strategies for pre and post COVID-19 from different perspectives such as type, application and corporate strategy analysis. In addition to that, we have covered leading 20 countries and analyzed the potential for the Vertical Farming market.
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Key Players in the Vertical Farming Market:
• AeroFarms
• Plenty
• Green Spirit Farms
• Bowery farming
• BrightFarms
• Gotham Greens
• Iron Ox
• Infarm
• Agricool
• CropOne
• Illumitex
• PodPonics
• Surna
• Freght Farms
• Voeks Inc
Vertical Farming Market Segment Analysis: Based Growth Mechanism Type, The market is segmented as Hydroponic, Aeroponic, Aquaponic. Amongst hydroponic farming held more than 52% of the share in the vertical farming market. Hydroponic farming also known as soilless farming is a process of growing crops without using soil. In this segment, roots are grown in a liquid nutrient solution. Driving demands for the installation of hydroponic farming are low installation cost, water-efficient method, ease to operate, higher profit rate. as a result, hydroponic farming is expected to grow CAGR of 8.6% during the forecast period.
The global report is segmented as mentioned above and the market estimation cost for each and every economy is provided on the basis of this segmentation. We have provided forecasted values of the market for every segment by considering past historical data as well as futuristic market impacting factors.
Vertical Farming Market Regional Insights:
The MMR report provides the statistical market growth data for every influencing economy in the Vertical Farming market. The various countries from regions like North America, Asia-Pacific, Europe, Latin America and MEA are considered while preparing report. All the emerging trends with population growth along with government’s strategies and regulations are covered here. The final conclusion part of regional insights consists, all economies market influencing data in the form of historical as well as forecasted.
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