Global Vertical Farming Market Is Expected To Grow At A Healthy CAGR With Top Players AeroFarms, Gotham Greens, Etc. At a CAGR Of 25.7%

The Global vertical farming market is set to experience substantial growth in the coming years, according to a new report from market research firm Market Square Insights. The report predicts that the market will grow at a CAGR of 25.7% from 2022 to 2029, reaching a value of USD 20.89 billion by the end of the forecast period.

Vertical farming, a practice that involves growing crops in vertically stacked layers, is gaining popularity due to its many benefits, including the ability to grow food in areas where traditional agriculture is not possible, reduced water usage, and the ability to grow crops year-round. In addition, vertical farming eliminates the need for pesticides and herbicides, making it a more sustainable and environmentally friendly option.

The report identifies several key factors driving the growth of the vertical farming market, including increasing demand for locally grown food, rising population and urbanisation, and the need to reduce the carbon footprint of agriculture. Technological advancements in lighting and irrigation systems, as well as automation and data analytics, are also expected to fuel market growth.



Key research findings:

· Along with providing fresh local produce, vertical agriculture could help increase food production and expand agricultural operations as the world's population is projected to exceed 8.9 billion by 2050.
· Recently, USDA and the Department of Energy held a stakeholder workshop focused on vertical agriculture and sustainable urban ecosystems which has opened new ways, ideas, challenges and opportunities in vertical farming along with growth in the potential market.
· Vertical farming has also proved to be efficient and sustainable, as according to a report it requires almost 250 times less water than a traditional farm would need.

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Market Trends and developments:

· Recently Abu Dhabi-based ADQ, an investment and holding company, has announced the operational phase of its AgTech Park ecosystem with the rollout of a vertical farming project.

· The ZERO project grows crops in vertical layers in a controlled environment including the benefits of vertical farming, a higher yield, briefer growing periods, and lower usage of water.

· Recently, according to a report, it has been discovered that Food pods and vertical farming could help us grow crops on Mars.

· According to the research The Paris and Los Angeles-based company has designed a controlled-environment capsule system that could one day allow crops to be grown in space.

· Recently, AeroFarms AgX, the world's largest indoor vertical farm for research and development (R&D) has been opened in Abu Dhabi's Mussafah industrial area.




The Key Market segments are:

By Market Players:
AeroFarms
Gotham Greens
Plenty (Bright Farms)
Lufa Farms
Beijing IEDA Protected Horticulture
Green Sense Farms
Garden Fresh Farms
Mirai
Sky Vegetables
TruLeaf
Urban Crops
Sky Greens
GreenLand
Scatil
Jingpeng
Metropolis Farms
Plantagon
Spread
Sanan Sino Science

By Type:
Aeroponics
Hydroponics

By Application:
Vegetable Cultivation
Fruit Planting


More insights on the report > https://marketsquareinsights.com/vertical-farming/




Forecasted Demand analysis according to Case study:

According to a case study in Alberta deciding on which crops to produce, it is beneficial to assess the current consumption of various vegetables and make projections on potential demand in the coming years.

The demand for vegetables is influenced by several factors, including changes in per capita disappearance and population growth.

Statistics Canada reports that Alberta is expected to have the highest population growth rate among all provinces in the next 25 years.

These factors should be considered when developing a strategy for growing and selling vegetables in the region.




Key Indicators Analysed:

· Market Players & Competitor Analysis: The report covers the important key players of the enterprise which include Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2015-2020 & Sales through Product Types.

· Global and Regional Market Analysis: The report consists of Global & Regional marketplace popularity and outlook 2021-2027. Further the report gives ruin down information about every region & international location included within the report. Also, it is identifying its production, consumption, import and export, income volume & sales forecast.

· Market Analysis through Product Type: The record covers majority Product Types within the Vertical Farming Industry, which include its product specs through every key player, volume, income through Volume and Value (USD).

· Market Analysis through Application Type: Based at the Vertical Farming Industry and its applications, the marketplace is similarly sub-segmented into numerous principal Applications of its enterprise. It gives you the marketplace size, CAGR & forecast through every enterprise application.

· Market Trends: Market key tend which encompass Increased Competition and Continuous Innovations.

· Opportunities and Drivers: Identifying the Growing Demands and New Technology

Porter's Five Force Analysis: The report will deal with the kingdom of opposition in enterprise relying on 5 simple forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and present industry rivalry.

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Conclusion:
In conclusion, the vertical farming market is a rapidly growing industry that offers numerous benefits to farmers and consumers alike.

It provides a sustainable and efficient way to produce fresh and healthy crops, while also reducing transportation costs and carbon footprint.

With increasing demand for locally sourced food and rising concerns over food safety and security, vertical farming is poised to play a significant role in the future of agriculture.

As the technology and techniques continue to evolve and improve, we can expect to see even more growth and innovation in this exciting industry.




Table of contents of the report:

1. Introduction: Brief overview of the vertical farming market.
2. Market Overview: Key statistics and market size estimation.
3. Market Dynamics: Drivers, restraints, and opportunities in the market.
4. Segmentation Analysis: By type, by crop type, by technology, by application, by region.
5. Competitive Landscape: Top players in the market, company profiles, competitive strategies
6. Industry Outlook: Future trends and growth opportunities in the market.
7. Conclusion: Final thoughts on the vertical farming market and its potential impact on the agriculture industry.

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Market Square Insights is a market research and consulting firm.

At Market Square Insights, we understand research requirements and help a client in taking informed business-critical decisions. The company focuses on helping the clients achieve transformational growth by helping them make crucial business decisions. At Market Square Insights, we diligently study emerging trends across various industries at global and regional levels, to identify potential opportunities for our client.

This release was published on openPR.