Vertical Farming And Plant Factory Market Is Projected To Reach USD 9.85 Billion By 2027, Growing At A CAGR Of 19.6% From 2020 To 2027

Vertical Farming And Plant Factory Market size was valued at USD 2.34 Billion in 2019 and is projected to reach USD 9.85 Billion by 2027, growing at a CAGR of 19.6% from 2020 to 2027.

High yield and various other benefits of vertical farming over conventional farming, advances in light-emitting diode technology, year-round crop production regardless of weather conditions, and the need for little resources are the main factors driving the market's growth. The market is comprehensively evaluated in the study on the global vertical farming and plant factory market. The research provides a thorough analysis of the market's key segments, trends, drivers, restraints, competitive environment, and other important elements.

Market Overview:

Since they are now both economical and effective, growers may reduce their overall farming costs. The development of the vertical farming market is thus being aided by recent advancements in LED technology. Applications requiring indoor farming require artificial lighting. In recent years, the cost of LEDs has decreased dramatically because to their increased efficiency and prolonged lifespan. Hydroponic, aquaponic, or aeroponic systems, cameras, artificial intelligence, automated systems, and other cutting-edge technologies are frequently used in vertical farming. These sophisticated devices require a qualified crew to operate them. People with technical expertise and up-to-date knowledge are required for machine and computer maintenance. Vertical farming has been impacted by the lack of skilled labour on a worldwide scale, like other industries.

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Segmentations:

Global Vertical Farming and Plant Factory Market: Segmentations

Global Vertical Farming and Plant Factory Market: By Key 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
Nongzhong Wulian

Global Vertical Farming and Plant Factory Market: By Types
Hydroponics
Aeroponics

Global Vertical Farming and Plant Factory Market: By Applications
Vegetable Cultivation
Fruit Planting

Global Vertical Farming and Plant Factory Market: Regional Analysis
The countries covered in the regional analysis of the Global Vertical Farming and Plant Factory market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

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The vertical farming and plant factory market research report offers a thorough analysis of the state of the industry globally. The global Vertical Farming and Plant Factory market has been segmented by end user, product type, application, region, and leading brands or players in our most recent research analysis. The condition of the worldwide market, growth factors, competitive environment, difficulties, distributors, market share, anticipated trends, growth rate, sales channel, and new opportunities are also included in the research. The study has been divided into countries based on region. The global Vertical Farming and Plant Factory market research study was classified by region based on the import-export situation, apparent consumption, and production scenario.

Report Scope:

The primary and secondary research is done in order to access up-to-date government regulations, market information and industry data. Data were collected from the Vertical Farming and Plant Factory manufacturers, distributors, end users, industry associations, governments' industry bureaus, industry publications, industry experts, third party database, and our in-house databases. The report combines extensive quantitative analysis and exhaustive qualitative analysis, ranges from a macro overview of the total market size, industry chain, and market dynamics to micro details of segment by type, application and region and as a result provides a holistic view of as well as a deep insight into the Vertical Farming and Plant Factory market covering all its essential aspects.

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Reasons to Purchase this Report:

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players

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