openPR Logo
Press release

Vertical Farming Market to Reach US$ 17.0 Billion by 2028 | Growth Rate (CAGR) of 23%

04-19-2023 10:29 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: IMARC Group

Vertical Farming Market

Vertical Farming Market

The latest report by IMARC Group, titled "Vertical Farming Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028", The global vertical farming market size reached US$ 4.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 17.0 Billion by 2028, exhibiting a growth rate (CAGR) of 23% during 2023-2028.

Get Free Sample Copy of Report at - https://www.imarcgroup.com/vertical-farming-market/requestsample

Vertical Farming Market Overview:

Vertical farming is a process of raising crops in a controlled environment, stacked in layers or shelves, using artificial lighting and climate control technology. This approach allows for year-round fresh produce production with a smaller land footprint, reduced water usage, and higher crop yields than traditional agriculture. Vertical farming also removes the need for pesticides and herbicides, reducing transportation costs since the product can be grown in urban areas closer to consumers. The technology is gaining popularity globally, especially in areas with limited arable land, high population density, and unfavorable weather conditions for traditional farming.

Global Vertical Farming Market Trends:

The global market is majorly driven by the increasing demand for fresh produce. In line with this, the rising need for sustainable agriculture practices is significantly contributing to the market. Furthermore, the rising demand for high-quality food and rapid urbanization are significantly contributing to the market. Apart from this, the growing awareness of the benefits of sustainable agriculture practices is creating a positive outlook for the market.

Several leading players are heavily investing in vertical farming research and development (R&D) activities. This, in turn, is expected to fuel the market. Moreover, the shifting inclination towards climate control technology's need for less water and energy for irrigation is offering lucrative opportunities for the market. Additionally, the emerging trend of integrating robotics and artificial intelligence across farms is anticipated to provide a boost to the market.

Do you know more information, Contact to our analyst at- https://www.imarcgroup.com/vertical-farming-market

Key Market Segmentation:

Top Vertical Farming Companies Worldwide:

• AeroFarms
• Agrilution Systems GmbH
• AmHydro
• Everlight Electronics Co. Ltd
• Freight Farms Inc.
• Gronska Stadsodling
• Heliospectra AB
• Jones Food Company Limited
• Koninklijke Philips N.V.
• OSRAM GmbH (ams-OSRAM AG)
• Signify N.V.
• Urban Crop Solutions
• Vertical Farm Systems Pty Ltd

Breakup by Component:

• Irrigation Component
• Lighting
• Sensor
• Climate Control
• Building Material
o Glass Greenhouse
o Plastic Greenhouse
• Others

Breakup by Structure:

• Building-based Vertical Farms
• Container-based Vertical Farms

Breakup by Growth Mechanism:

• Hydroponics
• Aeroponics
• Aquaponics

Breakup by Application:

• Indoor
• Outdoor

Breakup by Region:

• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Browse More Research Reports:

https://www.einnews.com/pr_news/571979953/biometrics-market-expected-to-reach-us-74-42-billion-by-2027-cagr-of-17-5
https://www.einnews.com/pr_news/572751385/indian-textile-and-apparel-market-2022-2027-industry-growth-size-share-leading-manufacturers-analysis-and-forecast
https://www.einnews.com/pr_news/572130010/heat-exchanger-market-to-reach-a-value-of-us-23-4-billion-by-2027-cagr-of-6
https://www.einnews.com/pr_news/572753906/indian-online-grocery-market-to-reach-us-28-3-billion-by-2027-cagr-of-32-7
https://www.einnews.com/pr_news/571985913/indian-fish-market-to-reach-29-million-tons-by-2027-growth-cagr-of-8-9

Contact us:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800

Who we are:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Vertical Farming Market to Reach US$ 17.0 Billion by 2028 | Growth Rate (CAGR) of 23% here

News-ID: 3020941 • Views:

More Releases from IMARC Group

GCC Pet Food Market Size is Expected to Reach USD 422.9 Million By 2033 | CAGR: 5.3%
GCC Pet Food Market Size is Expected to Reach USD 422.9 Million By 2033 | CAGR: …
GCC Pet Food Market Overview Market Size in 2024: USD 266.2 Million Market Size in 2033: USD 422.9 Million Market Growth Rate 2025-2033: 5.3% According to IMARC Group's latest research publication, "GCC Pet Food Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2025-2033", the GCC pet food market size was valued at USD 266.2 Million in 2024. Looking forward, IMARC Group estimates the market to reach USD 422.9 Million by 2033, exhibiting a
GCC Residential Real Estate Market Size to Worth USD 147.77 Billion by 2033 | With a 7.50% CAGR
GCC Residential Real Estate Market Size to Worth USD 147.77 Billion by 2033 | Wi …
GCC Residential Real Estate Market Overview Market Size in 2024: USD 73.31 Billion Market Size in 2033: USD 147.77 Billion Market Growth Rate 2025-2033: 7.50% According to IMARC Group's latest research publication, "GCC Residential Real Estate Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2025-2033", the GCC residential real estate market size was valued at USD 73.31 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 147.77 Billion by
GCC Drones Market Size to Surpass USD 2,005.3 Million by 2033 | With a 13.3% CAGR
GCC Drones Market Size to Surpass USD 2,005.3 Million by 2033 | With a 13.3% CAG …
GCC Drones Market Overview Market Size in 2024: USD 588.2 Million Market Size in 2033: USD 2,005.3 Million Market Growth Rate 2025-2033: 13.3% According to IMARC Group's latest research publication, "GCC Drones Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2025-2033", The GCC drones market size was valued at USD 588.2 Million in 2024. Looking forward, IMARC Group estimates the market to reach USD 2,005.3 Million by 2033, exhibiting a growth rate of
Medical Imaging Market to Surpass USD 70.8 Billion by 2033, at a CAGR of 5.03%
Medical Imaging Market to Surpass USD 70.8 Billion by 2033, at a CAGR of 5.03%
Market Overview: The medical imaging market is experiencing rapid growth, driven by Growing Burden of Chronic and Age-Related Diseases, Expansion of Government-Funded Health Infrastructure and Technological Advancements in Imaging Modalities. According to IMARC Group's latest research publication, "Medical Imaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2025-2033", The global medical imaging market size reached USD 44.5 Billion in 2024. Looking forward, IMARC Group expects the market to reach

All 5 Releases


More Releases for Vertical

Vertical Farming Market Report 2024 - Vertical Farming Market Demand, Innovation …
"The Business Research Company recently released a comprehensive report on the Global Vertical Farming Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry. Ready to Dive into Something Exciting? Get Your Free Exclusive Sample
Vertical Lift Module Market Report 2024 - Vertical Lift Module Market Growth, Si …
"The Business Research Company recently released a comprehensive report on the Global Vertical Lift Module Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry. According to The Business Research Company's, The vertical lift module
Vertical Clean Steam Generators Market Vertical Designs Revolutionizing Clean St …
Global Vertical Clean Steam Generators Market Overview: The Vertical Clean Steam Generators market is a broad category that includes a wide range of products and services related to various industries. This market comprises companies that operate in areas such as consumer goods, technology, healthcare, and finance, among others. In recent years, the Vertical Clean Steam Generators market has experienced significant growth, driven by factors such as increasing consumer demand, technological advancements, and
Vertical Application Software Market To See Huge Growth and Size by 2028, Applic …
The Latest "Vertical Application Software Market" report provides a valuable set of very comprehensive and detailed information on the global Vertical Application Software market. This data helps both existing industrial manufacturers and emerging competitors to gain their market knowledge. The Vertical Application Software market also studied the revenue share, SWOT analysis, development status, capacity, and forecast details. The main objective of this report is to help the user understand the
Demand of Vertical Farming Crops Market| Vertical farming refers to a type of in …
An informative data report titled Vertical Farming Crops Market was published by the insight partner. It takes a closer look at the different aspects of the businesses, that are responsible for fuelling the growth of the companies. The research report also provides deep insights into the global market revenue, parent market trends, macro-economic indicators, and governing factors, along with market attractiveness per market segment. Due to the increased focus on health
VERTICAL FARMING BUSINESS
Farming in urban areas has become quite difficult due to the rising population, limited space, a fast pace of living, etc. which are driving the new technologies for cultivating the agricultural produce. Vertical Farming is one of the modern and advanced technologies which helps in growing more food in smaller spaces, offering an opportunity for growing fruits and vegetables in a controlled environment in metropolitan areas. Vertically grown crops require minimum