Vertical Farming Market Share, Growth, Demand, Analysis, Outlook, and Forecast Report 2023-2030

Vertical Farming Market Overview
Farms stacked vertically are practiced in vertical agriculture. Small land can now be used for more output thanks to this. This unconventional approach to crop production allows for simple harvesting, minimal climate impact, maximum yield, low use of pesticides, reduced land needs, and reduced water usage. For example, one hectare of vertical farming saves around 200 tons of water per day and is comparable to nine hectares of typical outdoor farming.

The growing demand for organic food, efficient use of vertical space and balanced energy consumption, convenience of crop monitoring and harvesting, and dwindling arable land are some of the key drivers driving the expansion of the vertical farming business. However, the market's growth is hampered by large initial investments and the use of emerging technologies.

Vertical Farming Market Size and Growth Analysis
The global Vertical Farming Market is expected to exhibit a CAGR of 24.6% during the forecast period 2023-2030.

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Vertical Farming Market Dynamics and Trends
The main driver of the expansion of the vertical farming industry is the increasing need for precision farming due to the depletion of other natural resources and arable land. The need for food is rising due to global population growth. However, because of things like over-cultivation, soil erosion, and urbanization, the amount of land that can be used for agriculture is decreasing globally. This is putting further pressure on farmers to adopt sustainable agricultural methods that guarantee higher yields with less input.

Because it can produce large yields with little input, vertical farming has become a viable substitute for conventional farming methods. When compared to regular farming, vertical farms use 90% less water and emit less CO2. Higher agricultural yields and less food transportation led to a rise in local farmers' adoption.

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Vertical Farming Market Segment Analysis

By Technique
By Type
By Distribution Channel
By Region

Major Companies Covered
Plenty Unlimited Inc, Thanyas Organic Pvt Ltd, Plantagon International AB, Bowery Farming, Inc., BrightFarms Inc, Gotham Green Holdings, LLC, Infarm, Agricool SAS, Crop One Holdings, Inc

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