Vertical Farming and Plant Factory market is projected to grow from US$ 568.7 million in 2023 to US$ 2128.2 million by 2029, at a Compound Annual Growth Rate (CAGR) of 24.6% - valuates Reports

Vertical Farming and Plant Factory market is projected to grow from US$ 568.7 million in 2023 to US$ 2128.2 million by 2029, at a Compound Annual Growth Rate (CAGR) of 24.6% during the forecast period.

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Prime agricultural land can be scarce and expensive. With worldwide population growth, the demand for both more food and more land to grow food is ever increasing. One solution to our need for more space is vertical farming, involves growing crops in controlled Vegetable Cultivation environments, with precise light, nutrients, and temperatures. In vertical farming, growing plants are stacked in layers that may reach several stories tall.
Global Vertical Farming and Plant Factory main players are AeroFarms, Gotham Greens, Spread, Nongzhong Wulian, etc. Global top four manufacturers hold a share about 10%. North America is the largest market, with a share over 55%.
In terms of production side, this report researches the Vertical Farming and Plant Factory production, growth rate, market share by manufacturers and by region (region level and country level), from 2018 to 2023, and forecast to 2029.
In terms of consumption side, this report focuses on the sales of Vertical Farming and Plant Factory by region (region level and country level), by company, by Type and by Application. from 2018 to 2023 and forecast to 2029.

This report presents an overview of global market for Vertical Farming and Plant Factory, capacity, output, revenue and price. Analyses of the global market trends, with historic market revenue/sales data for 2018 - 2022, estimates for 2023, and projections of CAGR through 2029.
This report researches the key producers of Vertical Farming and Plant Factory, also provides the consumption of main regions and countries. Highlights of the upcoming market potential for Vertical Farming and Plant Factory, and key regions/countries of focus to forecast this market into various segments and sub-segments. Country specific data and market value analysis for the U.S., Canada, Mexico, Brazil, China, Japan, South Korea, Southeast Asia, India, Germany, the U.K., Italy, Middle East, Africa, and Other Countries.
This report focuses on the Vertical Farming and Plant Factory sales, revenue, market share and industry ranking of main manufacturers, data from 2018 to 2023. Identification of the major stakeholders in the global Vertical Farming and Plant Factory market, and analysis of their competitive landscape and market positioning based on recent developments and segmental revenues. This report will help stakeholders to understand the competitive landscape and gain more insights and position their businesses and market strategies in a better way.
This report analyzes the segments data by Type and by Application, sales, revenue, and price, from 2018 to 2029. Evaluation and forecast the market size for Vertical Farming and Plant Factory sales, projected growth trends, production technology, application and end-user industry.
Descriptive company profiles of the major global players, including AeroFarms, Lufa Farms, Gotham Greens, Sky Greens, Plenty (Bright Farms), Mirai, Spread, Scatil and TruLeaf, etc.

Segment by Type
Hydroponics
Aeroponics

Segment by Application
Vegetable Cultivation
Fruit Planting
Others

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