Vertical Farming Market to Cross USD 11.2 Bn by 2030 Owing to Safeguarding Packed Medical Products | Top Key players covered are AeroFarms, Signify, BrightFarms, Illumitex Inc

Growing food in vertically stacked layers is known as "vertical farming." The technique may employ hydroponic, aeroponic, or soil growing techniques.

The Global Vertical Farming Market Size was valued at USD 3.1 Billion in 2021. The market is anticipated to expand USD 11.2 Billion in 2028, recording a remarkable growth at a CAGR of 25.2% in the forecast period.

Vertical farming is the practice of growing food in vertical stacks, typically in abandoned warehouses, skyscrapers, or shipping containers. Organic food is regarded as being healthier, safer, and better for the environment. It is vital for producers, lawmakers, and suppliers to implement efficient marketing tactics since consumers' food purchase behavior has a big impact on the market for organic food.

Get a Sample Copy of the Report: https://www.extrapolate.com/sample/Agritech/vertical-farming-market/25627?utm_source=Akshay&utm_id=8022

Key Players to Focus on Various Strategies to Maintain Their Market Standing

Leading businesses operating in the global vertical farming market are aiming to employ several organic and inorganic strategies in order to gain a competitive edge and acquire high market share. A few of the key strategies adopted by these companies include R&D developments, mergers and acquisitions, partnerships, collaborations, and product innovations.

Top Key Players-
• AeroFarms
• Signify
• BrightFarms
• Illumitex Inc
• Heliospectra AB
• Freight Farm
• SPREAD Co., Ltd
• OSRAM GmbH
• Urban Crop Solutions
• Cargill, Incorporated
• Plenty Unlimited Inc.
• Valoya
• BOWERY FARMING INC.
• Others

Increasing adoption of Internet of Things, smart and connected gadgets, drones, mobile applications, and other technologies provide real-time data to vertical farming producers. Manually managing current information on crop health and the environment is difficult. Crop production can be made more efficient with the help of automation and information technology. Plenty's indoor farm in San Francisco, for example, has combined crop science with big data, IoT, climate management, and machine learning technology. This allows the enterprise to generate delicious and healthful food while keeping energy and water usage under control.

Inquire Before Buying This Report: https://www.extrapolate.com/enquire/Agritech/vertical-farming-market/25627?utm_source=Akshay&utm_id=8022

The Global Vertical Farming Market Segmentation-
By Structure-
• Building-based
• Shipping Container-based

By Type-
• Hydroponics
• Aeroponics
• Aquaponics

By Component-
• Irrigation
• Lighting
• Sensor
• Climate Control
• Others

By Region-
• North America- U.S., Mexico, Canada
• Europe- UK, France, Germany, Italy, Spain, Rest of Europe
• Asia-Pacific- China, Japan, India, South Korea, Rest of Asia Pacific
• South America- Brazil, Argentina, Colombia, Rest of South America
• The Middle East and Africa- GCC, South Africa, Rest of Middle East & Africa

Browse Complete Report Here: https://www.extrapolate.com/Agritech/vertical-farming-market/25627?utm_source=Akshay&utm_id=8022

KEY INDUSTRY DEVELOPMENTS:
August 2021- Aero Farms has announced to expand to the Midwest region as part of a project with World Wildlife Fund (WWF) to minimize the environmental footprint of indoor agriculture.

June 2021- Osram has expanded their business operation by launching Osconiq S 5050 white lighting to its horticulture portfolio.

The Global Vertical Farming market is categorized into North America, Europe, Asia-Pacific, Latin America, Middle East and Africa. North America region is expected to dominate the market share owing to the organic food is in high demand in the region, which eats more than 75% of all veggies produced worldwide. The growth of indoor farming and organic food in the region is being fueled by a shift in customer preferences, followed by an increase in pollution, food scandals, and a rise in aversion. Some of the largest indoor vertical farms in the world are located in the region.

However, Asia Pacific region is expected to witness the highest growth rate during the forecast period of the global vertical farming market due to the increasing implementation of nanotechnology and robotics in farming. Nanotechnology aids in the improvement of food packaging as well as disease and insect control. The environment Agency has undertaken many attempts to construct vertical farms in order to address the difficulties of population expansion and climate change, as well as the production of food in an environmentally unfavorable manner. As a result, market demand in the region has increased

Contact Us
Extrapolate
Phone: (+1) 888 328 2189
E-mail: talk@extrapolate.com
Website: https://www.extrapolate.com
Blog: https://www.extrapolate.com/blog

About Extrapolate-
Extrapolate is a Global Market Research, Advisory and Consulting firm which works closely with Industry experts from various industries to bring the latest and most accurate research reports.

In an era of breakneck change and a low tolerance for missed or misread opportunities, businesses need astute guidance to shape markets - not merely respond to them. Extrapolate helps clients develop market perspectives that drive success.

This release was published on openPR.