Vertical Farming Market Share, Size, Future Demand, Global Research, Top Leading player, Emerging Trends, Region by Forecast to 2027

 


Market Size – USD 2.90 billion in 2019, Market Growth - CAGR of 20.1%, Market Trends – Increasing utilization of hydroponics method. 

The global Vertical Farming Market will be worth USD 11.71 Billion by 2027, according to a current analysis by Emergen Research. The growth of this market can be attributed to the growing demand for organic food products among consumers. Growing environmental concerns such as the depletion of soil quality and groundwater on applications of chemical-based solutions have increased the vertical farming system's adoption. The reduction in the prices of the light-emitting diode (LED) and the technological advancement in the LEDs help in the growth of the vertical farming system. The scarcity of space in the densely populated countries has resulted in the increasing adoption of the vertical farming method. The advantages of growing crops close to urban areas and the reduction in transportation costs are expected to fuel the vertical farming market's growth over the forecast period.

The research segments the market based on product type, applications and end-use. It profiles the key players of the business and discusses investments, business ventures, mergers, acquisitions, collaborations along with the technological developments in the industry. The report gives a competitive analysis by evaluating the market position of the companies. It also examines the upcoming and niche areas in the business. The researcher aims to provide insights into the trends observed in the industry and the sectors that exhibit the most growth prospects.  

Browse complete report description and visit our website @ https://www.emergenresearch.com/industry-report/vertical-farming-market

All of the segments studied in the research study are analyzed on the basis of BPS, market share, revenue, and other important factors. Our research study shows how different segments are contributing to the growth of the global Vertical Farming market. It also provides information on key trends related to the segments included in the report. This helps market players to concentrate on high-growth areas of the global Vertical Farming market. The research study also offers separate analysis on the segments on the basis of absolute dollar opportunity.

In market segmentation by manufacturers, the report covers the following companies-

Freight Farms, Signify, Osram, Aerofarms, BrightFarms, Everlight Electronics, HELIOSPECTRA AB, Illumitex, Inc., AGRICOOL, and SKY GREENS, among others.

In market segmentation by geographical regions, the report has analysed the following regions-       

  1. North America (USA, Canada and Mexico)
  2. Europe (Germany, France, UK, Russia and Italy)
  3. Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
  4. South America (Brazil, Argentina, Columbia etc.)
  5. Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

Structure Outlook (Revenue, USD Billion; 2017-2027)

  1. Building-based
  2. Shipping-container

Growth mechanisms Outlook (Revenue, USD Billion; 2017-2027)

  1. Aeroponics
  2. Hydroponics
  3. Aquaponics

Offering Outlook (Revenue, USD Billion; 2017-2027)

  1. Climate Control
  2. Lighting
  3. Hydroponic Components
  4. Sensors

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