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Vertical Farming Market Analysis 2023-2032: Growth Drivers, Demand, Size And Overview | 4D Bios Inc., AeroFarms, Agricool, Agrilution, American Hydroponics
Vertical Farming Market
Vertical Farming Market Size, Growth Rate, And Forecast
The global vertical farming market size grew from $5.07 billion in 2022 to $6.2 billion in 2023 at a compound annual growth rate (CAGR) of 22.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The vertical farming market size is expected to grow to $14.33 billion in 2027 at a CAGR of 23.3%.
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Vertical Farming Market Drivers
The rise in urbanization is expected to propel the growth of the vertical farming market. Urbanization increases the total cropland area and decreases the rural population which results in a higher per-capita cropland area of rural residents and, therefore, increased farm size.
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Vertical Farming Market Segments
• By Component: Irrigation Component, Lighting, Sensor, Climate Control, Building Material, Other Components.
• By Structure: Shipping Container, Building-Based.
• By Type: Hydroponics, Aeroponics, Aquaponics.
• By Crop Type: Leafy Green, Pollinated Plants, Nutraceutical Plant
• By Application: Indoor, Outdoor.
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Vertical Farming market.
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Vertical Farming Market Key Players
Major competitors in the vertical farming market include 4D Bios Inc., AeroFarms, Agricool, Agrilution, American Hydroponics, CropOne, Freight Farms, Green Sense Farms.
The Business Research Company's "Global Vertical Farming Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Vertical Farming Market Include:
1. Executive Summary
2. Vertical Farming Market Characteristics
3. Vertical Farming Market Trends And Strategies
4. Vertical Farming Market - Macro Economic Scenario
5. Vertical Farming Market Size And Growth
……
26. Africa Vertical Farming Market
27. Vertical Farming Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Vertical Farming Market
29. Vertical Farming Market Future Outlook and Potential Analysis
30. Appendix
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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…
