Global Vertical Farming Market Size & Trends

According to a new market research report published by Global Market Estimates, the global vertical farming market is projected to grow at a CAGR of 20.5% from 2023 to 2028.
The increasing urbanization, rising demand for locally grown, fresh produce, and the need for sustainable agricultural practices are expected to drive the market growth. Additionally, advancements in vertical farming technology, efficient space utilization, reduced water usage, and the ability to grow crops year-round are the major drivers for the global vertical farming market growth.

Browse 147 Market Data Tables and 115 Figures spread through 163 Pages and in-depth TOC on "Global Vertical Farming Market - Forecast to 2028'' https://www.globalmarketestimates.com/market-report/vertical-farming-market

By Structure (Shipping Container and Building-based), By Component (Hardware, Software, and Services), By Growing Mechanism (Hydroponics, Aeroponics, and Aquaponics), By Crop Category (Fruits, Vegetables & Herbs, Flowers & Ornamentals, and Others (Microgreens)), and By Region (North America, Asia Pacific, Central and South America, Europe, and Middle East and Africa), Competitive Landscape, Company Market Share Analysis, and End User Analysis

Key Market Insights
• As per the component outlook, the hardware segment is expected to be the largest segment in the global vertical farming market from 2023 to 2028
• As per the growing mechanism outlook, hydroponic is expected to be the largest segment in the global vertical farming market from 2023 to 2028
• Asia Pacific is analyzed to be the fastest-growing region in the market
• North America is estimated to hold largest share of the market during the forecast period from 2023-2028
• AeroFarms, Illumitex, Inc., American Hydroponics, Agrilution GmbH, Brightfarms Inc., Everlight Electronics Co., Ltd., Freight Farms, GrowUp Urban Farms Ltd., Green Sense Farms, LLC, and Vertical Farm Systems among others, are some of the key players operating in the global vertical farming market

Structure Outlook (Revenue, USD Billion, 2023-2028)
• Shipping Container
• Building-based

Component Outlook (Revenue, USD Billion, 2023-2028)
• Hardware
• Software
• Services

Growing Mechanism Outlook (Revenue, USD Billion, 2023-2028)
• Hydroponics
• Aeroponics
• Aquaponics

Crop Category Outlook (Revenue, USD Billion, 2023-2028)
• Fruits, Vegetables & Herbs
• Flowers & Ornamentals
• Others (Q

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This release was published on openPR.