Vertical Farming Plant Factory Market Offers Opportunities for Investors and Entrepreneurs Alike | Aerofarms , Bright Farms , Plenty Unlimited Inc. , Sky Greens , Green Sense Farms , Green Spirit Farms , Illumitex Inc. , Everlight Electronics Co. Ltd.

Vertical Farming Plant Factory Market overview

The vertical farming plant factory market is a segment of the agriculture industry that involves growing crops in vertically stacked layers using controlled environment agriculture technology. This technology allows for precise control of growing conditions, such as temperature, humidity, light, and nutrient levels.

The global vertical farming plant factory market is expected to grow at a CAGR of around 26.12% from 2022 to 2028. The market size is projected to reach USD 6.74 billion by 2028, up from USD 2.1 billion in 2022.

The use of this technology can lead to faster and higher yields of crops, while reducing land use and environmental impacts. The market has gained significant attention in recent years due to its potential to increase agricultural productivity and efficiency. More companies are investing in vertical farming technology, and consumers are demanding more sustainable and locally sourced food. The market is expected to continue to grow in the coming years.


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What is New Additions in 2023?

Detailed industry outlook
Additional information on company players
Customized report and analyst support on request
Recent market developments and it's futuristic growth opportunities
Customized regional/country reports as per request


The list of Key Players Profiled in the study includes: -

Aerofarms
Bright Farms
Plenty Unlimited Inc.
Sky Greens
Green Sense Farms
Green Spirit Farms
Illumitex Inc.
Everlight Electronics Co. Ltd.
Spread Co. Ltd.
Toshiba Lighting and Technology Corporation


Cataloging the Competitive Terrain of the Vertical Farming Plant Factory Market:

The report provides an overview of every manufacturer and the products developed by each manufacturer along with the application scope of every product.

Data regarding the market share of every company, as well as sales figures concerning each firm, is stated in the report.

Details regarding the profit margins and price patterns have been inculcated in the report.


IN THE NEWS

In May 2021, AeroFarms announced that it had completed a $200 million funding round to expand its operations globally and accelerate its research and development initiatives.

In March 2021, Plenty Unlimited Inc. announced that it had raised $140 million in a funding round led by SoftBank Vision Fund 1 to expand its vertical farming operations.

In February 2021, Signify (formerly known as Philips Lighting) launched a new range of LED lighting products specifically designed for vertical farming applications, offering greater energy efficiency and crop yields.

In January 2021, Lufa Farms announced the launch of its fourth rooftop greenhouse in Montreal, Canada, increasing its production capacity by 40%.

In December 2020, Kalera announced plans to build a new vertical farming facility in Houston, Texas, that will be the largest indoor vertical farm in the world, capable of producing 5 million pounds of leafy greens annually.


Vertical Farming Plant Factory Market Dynamics:

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

Growth Drivers:

Rising demand for high-quality and fresh food products.
Growing urbanization and limited arable land availability.
Increasing focus on food security and sustainability.
Technological advancements in the field of lighting, hydroponics, and automation.
Government initiatives and funding to promote vertical farming practices.
Increased consumer awareness regarding the benefits of locally grown produce.

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Segmentation Analysis of the Market:

Global Vertical Farming Plant Factory Market forecast report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market. Global Vertical Farming Plant Factory Market segments and Market Data Break Down are illuminated.

By Growth Mechanism:

Aeroponics
Hydroponics
Aquaponics
Others

By Structure:

Building-based Vertical Farms
Shipping Container Vertical Farms
Others

By Component:

Lighting
Climate Control
Sensors
Pumps & Irrigation Systems
Others

By Crop Type:

Leafy Greens
Tomato
Pepper
Strawberry
Others


Regional Coverage:

Rеgіоn-wіѕе ѕеgmеntаtіоn in the Global Vertical Farming Plant Factory Market іnсludеѕ the claims to split the regional scope of the market, which among these regions has been touted to amass the largest market share over the anticipated duration

•North America (USA, Canada and Mexico)
•Europe (UK, Germany, France and the Rest of Europe)
•Asia Pacific (China, Japan, India, and the Rest of the Asia Pacific region)
•South America (Brazil, Argentina and the Rest of South America)
•Middle East and Africa (GCC and Rest of the Middle East and Africa)


** Note - This report sample includes:

Scope For 2024

Brief Introduction to the research report.
Table of Contents (Scope covered as a part of the study)
Top players in the market
Research framework (structure of the report)
Research methodology adopted by The Market Insights


The Global Vertical Farming Plant Factory Market Industry Report Covers the Following Data Points:

𝐒𝐞𝐜𝐭𝐢𝐨𝐧 𝟏: This section covers the global Market overview, including the basic market introduction, market analysis by its applications, type, and regions. The major regions of the global Market industry include North America, Europe, Asia-Pacific, and the Middle-East and Africa. Vertical Farming Plant Factory Market industry statistics and outlook are presented in this section. Market dynamics states the opportunities, key driving forces, market risk are studied.

𝐒𝐞𝐜𝐭𝐢𝐨𝐧 𝟐: This section covers Market manufacturers profile based on their business overview, product type, and application. Also, the sales volume, market product price, gross margin analysis, and share of each player is profiled in this report.

𝐒𝐞𝐜𝐭𝐢𝐨𝐧 𝟑 𝐚𝐧𝐝 𝐒𝐞𝐜𝐭𝐢𝐨𝐧 𝟒: These sections present the market competition based on sales, profits, and market division of each manufacturer. It also covers the industry scenario based on regional conditions.

𝐒𝐞𝐜𝐭𝐢𝐨𝐧 𝟓 𝐚𝐧𝐝 𝐒𝐞𝐜𝐭𝐢𝐨𝐧 𝟔: These sections provide forecast information related to Vertical Farming Plant Factory Market for each region. The sales channels include direct and indirect Marketing, traders, distributors, and development trends are presented in this report.

𝐒𝐞𝐜𝐭𝐢𝐨𝐧 𝟕 𝐚𝐧𝐝 𝐒𝐞𝐜𝐭𝐢𝐨𝐧 𝟖: In these sections, Industry key research conclusions and outcome, analysis methodology, and data sources are covered.


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What makes the information worth buying?

• A comprehensive and in-depth overview of the global Vertical Farming Plant Factory industry in exchange, use, and geographical area sectors is provided.

• This research looks at the industry rewards and constraints that influence industry growth.

• Developing business strategies and aspects to aid in an emerging market.

• Examining free markets and developing appropriate strategies.


FAQs

1. What is the market size of the Vertical Farming Plant Factory Market?
Ans - The global vertical farming plant factory market is expected to grow at a CAGR of around 26.12% from 2022 to 2028. The market size is projected to reach USD 6.74 billion by 2028, up from USD 2.1 billion in 2022.

2. Which companies are the major players in the Vertical Farming Plant Factory Market?
Ans - Aerofarms, Bright Farms, Plenty Unlimited Inc., Sky Greens, Green Sense Farms, Green Spirit Farms.

3. Which regions are expected to witness significant growth in the Vertical Farming Plant Factory Market?
Ans - Asia Pacific and North America are expected to witness significant growth in the Vertical Farming Plant Factory Market due to the increasing adoption of advanced farming techniques and the rising demand for locally grown and pesticide-free produce.

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