Vertical Farming Market Demand, Size, Share, Scope & Forecast To 2030

Increase in global demand for food and rapid increase in urbanization are some key factors driving market revenue growth       

The report studies the factors influencing the growth of the industry in the global market and offers accurate predictions about the growth pattern. The report pays special attention to the key elements of the market, such as drivers, restraints, opportunities, threats, risks, limitations, and other aspects. The report covers a comprehensive analysis of the competitive landscape with a detailed analysis of the company profiles, product portfolio, and business expansion strategies.  

Global vertical farming market size reached USD 3.09 Billion in 2021 and is expected to register a revenue CAGR of 23.5% during the forecast period, according to latest analysis by Emergen Research. Increase in global demand for food and rapid urbanization are expected to support market revenue growth during 2022-2030. In addition, the rapid climate change caused by global warming has adversely affected the weather patterns, causing irregular rainfall, drought, desertification, thereby reducing agricultural productivity. Increasing population is expected to lead to a rise in global demand for food, which is further expected to increase demand for alternative agriculture practices such as vertical farming to ensure food security. This is expected to further accelerate revenue growth of the market during the forecast period. Rapid increase in urbanization has led to increasing adoption of urban farming technology that involves large-scale agricultural production in the urban surroundings within confined spaces.

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Market Drivers:

The constant efforts of prominent players to develop newer and modern technologies and product advancements are expected to drive the growth of the industry over the coming years. The report studies the extensive business expansion plans and advancements in R&D activities and product portfolio. The report offers a clear understanding of the alliances in the market, such as mergers and acquisitions, joint ventures, collaborations, partnerships, agreements, product launches and brand promotions, and corporate deals.

Some major companies in global market report include AeroFarms, LLC, Agricool SAS, Sky Greens, Emirates Vertical Farming Farms, Freight Farms, Inc., Green Sense Farms Holdings, Inc., Heliospectra AB, LumiGrow, Inc., Signify Holding B.V., and Hydrofarm LLC.

 Key Points of Vertical Farming Market:

  • Extensive coverage of the analysis of the Vertical Farming market
  • Key insights into the regional spread of the industry in key geographies
  • Radical insights into the vital market trends; both current and emerging trends, and factors influencing the growth of the market
  • Comprehensive coverage of the impact of the COVID-19 pandemic on the overall growth of the Vertical Farming market
  • Complete data about the key manufacturers and vendors in the Vertical Farming market

 

Emergen Research has segmented global vertical farming market on the basis of system, type, structure, equipment, and region:

  • System Outlook (Revenue, USD Billion, 2019–2030)
    • Hydroponics
    • Aeroponics
    • Aquaponics
  • Type Outlook (Revenue, USD Billion, 2019–2030)
    • Aggregate Systems
      1. Open System
      2. Closed System
    • Liquid Systems
  • Structure Outlook (Revenue, USD Billion, 2019–2030)
    • Building-based
    • Shipping Container-based
  • Equipment Outlook (Revenue, USD Billion, 2019–2030)
    • Heating Ventilation and Air Conditioning (HVAC)
    • Light-emitting Diode (LED)
    • Grow Lights
    • Irrigation Systems
    • Material Handling Equipment
    • Control Systems

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At Emergen Research, we believe in advancing with technology. We are a growing market research and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade.