Vertical Farming Market Is Driven By Rising Demand For Healthy And Safe Food Through 2028

"Rising demand for healthy and safe food is expected to drive Global Vertical Farming market in the forecast period 2024-2028."

According to TechSci Research report, "Vertical Farming Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028," the global vertical farming market is anticipated to grow at an impressive rate in the forecast period, 2024-2028. A significant factor fueling the growth of the vertical farming market is decreasing arable land and rising water crisis. The use of vertical farming is expected to expand in the next years due to increasing demand for healthy and safe food with demand for out-of-season food which will further fuel the expansion of component segments and result in the growth of Global Vertical Farming market.

In October 2021 Kalera SA, a vertical farming startup with a technological focus located in Norway purchased &ever GmbH for USD 147.67 million. Over the anticipated timeframe, increased customer preferences for organic and specialty products, as well as rising demand for genetically modified seeds, will all contribute to the growth of global vertical farming market.

Furthermore, the market will develop as a result of abandoning conventional agriculture methods and incorporating robotics and artificial intelligence.

However, the high cost of initial investment can slow down market growth. Also, the complexity of horticulture lighting can further slowdown market growth.

Browse over XX market data Figures spread through XX Pages and an in-depth TOC on the "Global Vertical Farming Market"
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Global Vertical Farming Market is segmented based on structure, growing mechanism, crop type, component, application, region, and competitive landscape.

Based on structure, the market is categorized into building-based, and container-based. Container-based is expected to hold the largest market share in the forecast period, 2024-2028. Container-based farming is easy to transport and does not require much area of land because the whole process of crop production is carried out in a container.

Based on the growing mechanism, the market is fragmented into hydroponics, aeroponics, and aquaponics. Hydroponics is expected to hold the largest market share in the forecast period, 2024-2028. Hydroponics has a low implementation cost and ease of operation. Plants commonly grown hydroponically produce greater yields as compared to soil-growing plants.

Based on crop type, the market is segmented into leafy green, pollinated plants, and nutraceutical plants. The Pollinated Plants segment will experience the highest market share during the forecast period, 2024-2028. This can be attributed due to the increasing demand for organic food and the easy availability of these type plants.

Based on component, the market is fabricated into lighting, hydroponic component, climate control, sensors, and others. The lighting segment will experience the highest market share during the forecast period, 2024-2028. This can be attributed to the increasing demand for the LED lighting system to reduce operational costs and minimize power consumption.

Based on application, the market is divided into indoor and outdoor. The indoor segment will experience the highest market share during the forecast period, 2024-2028. This can be attributed due to higher yield of vertical farming due to the cultivation taking place in controlled indoor environment.

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Major companies operating in the Global Vertical Farming Market are:

• AeroFarms LLC
• AmHydro
• Urban Crop Solutions
• Bowery Farming Inc.
• Freight Farms, Inc.
• Crop One Holdings, Inc.
• Altius Farms, Inc.
• Plenty Unlimited Inc.
• Upward Enterprises Inc.
• Intelligent Growth Solutions Limited

"North America region is expected to grow at the highest rate in the global vertical farming market during the forecast period. This is because of the presence of major industry players, expansion of organic product demand , increasing adoption of federal agricultural regulations and increased food consumption and the use of automation technology in agriculture.. Moreover, in Asia Pacific due to a lack of agricultural land that is fertile, vertical farming is becoming more popular, which creates the potential for urban farming," said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

"Vertical Farming Market- Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Structure (Building Based, Container-Based), By Growing Mechanism (Hydroponics, Aeroponics, Aquaponics), By Crop Type (Leafy Green, Pollinated Plants, Nutraceutical Plants), By Component (Lighting, Hydroponic Component, Climate Control, Sensors, Others), By Application (Indoor, Outdoor), By Region,", has evaluated the future growth potential of global vertical farming market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision-makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in global vertical farming market."

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Table of Contents

1. Product Overview
1.1. Market Definition
1.2. Scope of the Market
1.2.1. Markets Covered
1.2.2. Years Considered for Study
1.2.3. Key Market Segmentations

2. Research Methodology
2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations

3. Executive Summary
3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, Trends

4. Voice of Customer

5. Global Vertical Farming Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value
5.2. Market Share & Forecast
5.2.1. By Structure (Building-Based, Container-Based)
5.2.2. By Growing Mechanism (Hydroponics, Aeroponics, Aquaponics)
5.2.3. By Crop Type (Leafy Green, Pollinated Plants, Nutraceutical Plants)
5.2.4. By Component (Lighting, Hydroponic Component, Climate Control, Sensors, Others)
5.2.5. By Application (Indoor, Outdoor)
5.2.6. By Region (North America, Europe, Asia Pacific, South America, Middle East & Africa)
5.2.7. By Company (2022)
5.3. Market Map
5.3.1. By Structure
5.3.2. By Growing Mechanism
5.3.3. By Crop Type
5.3.4. By Component
5.3.5. By Application
5.3.6. By Region ……Continue….

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