Market Insights:
Vertical Farming Market size was valued at USD 4.22 Billion in 2021, registering a CAGR of 24.9 % during the forecast period (2022-2030), and the market is projected to be worth USD 31.22 Billion by 2030.
Stacking farms vertically is referred to as vertical agriculture. Because of this, small land may now be used for greater productivity. It is a non-traditional method of crop cultivation that makes it simple to harvest, has little impact from the weather, produces a high yield, uses few pesticides, requires less space, and uses less water, all of which are crucial for producers, decision-makers, and suppliers to implement successful marketing strategies.
Vertical Farming Market Research Report” was just released by Market Research Community. It is divided into several categories, including Structure (Building-based Structure and Container-based Structure), Growth Mechanism (Hydroponics, Aeroponics, and Aquaponics), Component (Irrigation Component, Lighting, Sensor, Climate Control, Building Material, and Others) and companies (everlight electronics co., ltd., hort americas, illumitex inc., koninklijke philips n.v., urban crop solutions, sky greens, 4d bios inc., aerofarms, agrilution, amhydro (american hydroponics), According to the analysis of Market Research Community, The market is projected to grow at a significant pace reaching a CAGR of approximately 24.9 %, over the forecast period of 2022–2030
Driver:
The increased adoption of Vertical Farming in the Next Generation industry is due to high workability, Stability of structure, good quality, and Demand for making things better. The demand for Vertical Farming also has other significant aspects, such as analysis, purchasing volume, costs, pricing analysis, and regulatory framework. Additionally, the increased demand of Vertical Farming in many sectors also boosts the market growth during the forecast period.
Report Coverage:
| Report Attributes | Report Details |
| Study Timeline | 2018-2030 |
| Market Size in 2030 (USD Billion) | 31.22 Billion |
| CAGR (2022-2030) | 24.9 % |
| By Structure | Building-based Structure and Container-based Structure |
| By Growth Mechanism | Hydroponics, Aeroponics, and Aquaponics |
| By Components | Irrigation Component, Lighting, Sensor, Climate Control, Building Material, and Others |
| By Geography | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Key Players | everlight electronics co., ltd., hort americas, illumitex inc., koninklijke philips n.v., urban crop solutions, sky greens, 4d bios inc., aerofarms, agrilution, amhydro (american hydroponics), |
Covid-19 Impact:
The COVID-19 pandemic has had a substantial negative influence on the Vertical Farming market in many different regions of the world. The factors such as limited availability of raw materials, transportation restrictions, the shutdown of manufacturing facilities, and economic slowdown are the major impacts of COVID-19 which hampered the market growth. Shipments were impacted during the initial lockdown due to halted automotive productions and stringent government rules. The overall impact of COVID-19 on the industry is estimated to be minimal because the situation has stabilised. Post covid-19, there was a positive impact on the market growth due to the increased industrial manufacturing processes and rising demand for environment-friendly alternatives.
Industry Competitive Landscape:
The research includes comprehensive profiles of the key players in the market and an analysis of the competitive landscape. The market for sample preparation has grown more quickly as a result of the spike in research and development (R&D), product innovation, different business strategies, and application releases. Key players in the market include-
everlight electronics co., ltd., hort americas, illumitex inc., koninklijke philips n.v., urban crop solutions, sky greens, 4d bios inc., aerofarms, agrilution, amhydro (american hydroponics),
Market Segment Analysis:
By Structure
- Shipping Container
- Building-based
By Growing Mechanism
- Hydroponics
- Aeroponics
- Aquaponics
By Component
- Lighting
- Hydroponic Components
- Climate Control
- Sensors
- Irrigation Component
- Material Handling Equipment
Region
The regional segment includes Asia Pacific, Europe, North America, the Middle East, and Africa, Latin America. In 2021, some of these regions expected to contribute the largest share during the forecast period.
The factors such as the large and easy availability of basic things, rising purchasing power among the population, and favorable government policies and industrial facilities are estimated to accelerate the industry growth in the region. The growing rate of industrialization is anticipated to boost the presence of Vertical Farming industries in the region.
Key Vertical Farming Market Trends
– Based on type, sub-type, technology utilised, applications, end-users, and geographies, the research identifies, defines, and predicts the Global Vertical Farming Market segments.
– Largest Market Share Held by Industry to Industry for Vertical Farming
– Based on their expected growth, development patterns and prospects for the future, and contributions to the overall market, it analyses the micro markets.
– Demand from the geographical area is estimated to boost growth.
– Growing Market Segment Adoption in the Vertical Farming Industry
– Over the forecast period, higher growth rates are anticipated in in some regions
Why Purchase the Industry Report by MRC
There is a huge amount of information in the report, including market trends and business opportunities for the forecast period.
Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) statistics.
Data at the regional, sub-regional, and national levels also includes information on the market’s supply and demand dynamics.
The competitive landscape includes the proportions of important players, recent innovations, and strategy.
Comprehensive product offerings, important financial data, latest advancements, SWOT analysis, and key player tactics.
Table of Content
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Research Methodology
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