Vertical Farming Market to Witness Explosive Growth, Valued at USD 30,911.23 Million By 2032 With CAGR: 18.6%

Vertical Farming Market Size was valued at USD 6746.06 Million in 2023. The market is projected to grow from USD 6.2 Billion in 2023 to USD 30,911.23 Million by 2032, exhibiting a compound annual growth rate (CAGR) of 18.6% during the forecast period.

The two main factors that have supported the market's expansion in recent years are the lack of water and the decline of arable land.

𝐀𝐜𝐜𝐞𝐬𝐬 𝐭𝐡𝐞 𝐂𝐨𝐦𝐩𝐫𝐞𝐡𝐞𝐧𝐬𝐢𝐯𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 𝐇𝐞𝐫𝐞! https://www.polarismarketresearch.com/industry-analysis/vertical-farming-market/request-for-sample

Vertical farming is precisely what it states: farming on vertical surfaces instead of conventional, horizontal agriculture. It is also known as indoor farming as it involves raising plants indoors. Also, vertical farms use prevented farming and nutrition techniques along with LED illumination in place of rain and sunlight. Since plants are stacked in layers vertically, multiple of the farms reach storehouses with a lot of enormous shelving units.

Moreover, raising food vertically is thought to be a very efficacious and sustainable method. The secret to great efficiency is automation. Among the technologies utilized in vertical farms to monitor crops and establish ideal growth conditions are software, robotics, and data science. This covers managing the CO2, light, humidity, and temperature.

𝐋𝐞𝐚𝐝𝐢𝐧𝐠 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:

Aerofarms
Infarms
SweGreen
skyGreens Pte Ltd.
Jones Food Company
Signify
Sky Greens
Freight Farms
Valoya
Osram
Heliospectra AB
Osram
Urban Crop Solutions
Plenty Unlimited Inc.

𝐆𝐞𝐭 𝐀𝐡𝐞𝐚𝐝 𝐰𝐢𝐭𝐡 𝐃𝐞𝐭𝐚𝐢𝐥𝐞𝐝 𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐌𝐚𝐫𝐤𝐞𝐭 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬! https://www.polarismarketresearch.com/buy/8/2

𝐆𝐫𝐨𝐰𝐭𝐡 𝐃𝐫𝐢𝐯𝐞𝐫𝐬:

Urbanization: As the global population continues to urbanize, there's a growing demand for fresh produce in urban areas. Vertical farming offers a solution to this demand by enabling the cultivation of crops in controlled indoor environments closer to consumers.

Limited Arable Land: Vertical farming addresses the challenge of limited arable land by utilizing vertical space efficiently. This makes it suitable for urban environments where land availability is constrained and traditional agriculture may not be feasible.

Resource Efficiency: Vertical farming systems are designed to optimize resource usage, including water, energy, and nutrients. Techniques such as hydroponics, aeroponics, and aquaponics allow for precise control over inputs, leading to higher resource efficiency compared to conventional farming methods.

𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬 𝐎𝐟 𝐕𝐞𝐫𝐭𝐢𝐜𝐚𝐥 𝐅𝐚𝐫𝐦𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭:

Leafy Greens and Herbs: Vertical farming is well-suited for the cultivation of leafy greens, herbs, and microgreens due to their fast growth cycles and high market demand. Crops such as lettuce, kale, basil, and mint are commonly grown in vertical farming systems.

Fruit and Vegetable Production: Advances in vertical farming technology have expanded the range of crops that can be grown vertically to include fruits and vegetables such as strawberries, tomatoes, peppers, and cucumbers. These crops require specialized growing systems but offer opportunities for diversification and higher value-added products.

Medicinal Plants and Specialty Crops: Vertical farming enables the cultivation of medicinal plants and specialty crops with specific environmental requirements. This includes herbs with therapeutic properties, rare or exotic plants, and crops for pharmaceutical or cosmetic applications.

𝐍𝐨𝐰 𝐭𝐨 𝐀𝐜𝐜𝐞𝐬𝐬 𝐒𝐞𝐠𝐦𝐞𝐧𝐭-𝐬𝐩𝐞𝐜𝐢𝐟𝐢𝐜 𝐈𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧, 𝐔𝐧𝐜𝐨𝐯𝐞𝐫 𝐊𝐞𝐲 𝐓𝐫𝐞𝐧𝐝𝐬, 𝐃𝐫𝐢𝐯𝐞𝐫𝐬, 𝐚𝐧𝐝 𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐎𝐮𝐭𝐥𝐨𝐨𝐤! https://www.polarismarketresearch.com/industry-analysis/vertical-farming-market

𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧

The vertical farming market analysis is mainly based on structure, growth mechanism, crops, components, and region.

By growth mechanism analysis, the hydroponics sector dominates the market. Because hydroponic systems use closed-loop recirculation, they require less water than traditional farming techniques. Moreover, based on components analysis, the climate control category witnesses the quickest growth rate, as it enables growers to establish the perfect atmosphere for their crops.

Polaris Market Research has segmented the vertical farming market report based on growth mechanism, structure, components, and crops:

Vertical Farming Market, Growth Mechanism Outlook (Revenue - USD Million, 2019 - 2032)

• Aeroponics
• Hydroponics
• Aquaponics

Vertical Farming Market, Structure Outlook (Revenue - USD Million, 2019 - 2032)

• Building-based Vertical Farms
• Shipping Container-based Vertical Farms

Vertical Farming Market, Components Outlook (Revenue - USD Million, 2019 - 2032)

• Hardware
• Services

Vertical Farming Market, Crops Outlook (Revenue - USD Million, 2019 - 2032)

• Fruits, Vegetables, & Herbs
• Flowers & Ornamentals
• Others

𝐌𝐨𝐫𝐞 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐋𝐚𝐭𝐞𝐬𝐭 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐛𝐲 𝐏𝐨𝐥𝐚𝐫𝐢𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

Virtual Power Plant Market: https://www.polarismarketresearch.com/industry-analysis/virtual-power-plant-market

Cloud Managed Services Market: https://www.polarismarketresearch.com/industry-analysis/cloud-managed-service-market

Real-Time Location Systems Market: https://www.polarismarketresearch.com/industry-analysis/real-time-location-systems-market

Exhaust System Market: https://www.polarismarketresearch.com/industry-analysis/exhaust-system-market

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