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Vertical Farming Market Forecast: Rapid Growth at 18.6% CAGR to Surpass USD 30,911.23 Million By 2032

09-27-2024 08:32 AM CET | IT, New Media & Software

Press release from: Polaris Market Research & Consulting

Vertical Farming Market

Vertical Farming Market

๐“๐ก๐ž ๐ฏ๐ž๐ซ๐ญ๐ข๐œ๐š๐ฅ ๐Ÿ๐š๐ซ๐ฆ๐ข๐ง๐  ๐ฆ๐š๐ซ๐ค๐ž๐ญ ๐ฌ๐ข๐ณ๐ž ๐ฐ๐š๐ฌ ๐ฏ๐š๐ฅ๐ฎ๐ž๐ ๐š๐ญ ๐”๐’๐ƒ ๐Ÿ”๐Ÿ•๐Ÿ’๐Ÿ”.๐ŸŽ๐Ÿ” ๐ฆ๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐ข๐ง ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ‘. ๐“๐ก๐ž ๐ฆ๐š๐ซ๐ค๐ž๐ญ ๐ข๐ฌ ๐ฉ๐ซ๐จ๐ฃ๐ž๐œ๐ญ๐ž๐ ๐ญ๐จ ๐ ๐ซ๐จ๐ฐ ๐ญ๐จ ๐”๐’๐ƒ ๐Ÿ‘๐ŸŽ,๐Ÿ—๐Ÿ๐Ÿ.๐Ÿ๐Ÿ‘ ๐ฆ๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐›๐ฒ ๐Ÿ๐ŸŽ๐Ÿ‘๐Ÿ, ๐ž๐ฑ๐ก๐ข๐›๐ข๐ญ๐ข๐ง๐  ๐š ๐œ๐จ๐ฆ๐ฉ๐จ๐ฎ๐ง๐ ๐š๐ง๐ง๐ฎ๐š๐ฅ ๐ ๐ซ๐จ๐ฐ๐ญ๐ก ๐ซ๐š๐ญ๐ž (๐‚๐€๐†๐‘) ๐จ๐Ÿ ๐Ÿ๐Ÿ–.๐Ÿ”% ๐Ÿ๐ซ๐จ๐ฆ ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ’ ๐ญ๐จ ๐Ÿ๐ŸŽ๐Ÿ‘๐Ÿ.

๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ƒ๐ž๐Ÿ๐ข๐ง๐ข๐ญ๐ข๐จ๐ง:

Vertical farming involves growing plants using small amounts of resources within a confined area. It includes cultivating crops vertically using shelves and towers as opposed to using traditional horizontal farming techniques. Vertical farming is the practice of cultivating crops indoors with carefully regulated artificial lighting and temperature conditions. In simple terms, vertical farming aims to boost production in restricted spaces. Vertical farming focuses primarily on efficiency by accelerating plant growth compared to conventional farming practices, incorporating technologies like sensors, robots, and LEDs to mimic sunlight, along with algorithms to improve lighting and cultivation conditions.

๐‚๐ก๐ž๐œ๐ค ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐Ÿ๐จ๐ซ ๐‹๐š๐ญ๐ž๐ฌ๐ญ ๐ˆ๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐“๐ซ๐ž๐ง๐๐ฌ: https://www.polarismarketresearch.com/industry-analysis/vertical-farming-market/request-for-sample

๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐ƒ๐ซ๐ข๐ฏ๐ž๐ซ๐ฌ ๐š๐ง๐ ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ:

โ— The increasing demand for fresh, locally-grown produce has a significant impact on the market. Consumers are increasingly interested in where their food comes from, how it is grown, and the impact of its production on the environment.
โ— The market will experience a boost soon, driven by the growing demand for fresh, locally grown crops, improvements in technology and automation, and the expanding awareness of the benefits of sustainable agriculture.

๐Š๐ž๐ฒ ๐๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ:

With so many businesses involved, the market is projected to become more competitive as it continues to grow. Here is the list of the leading companies operating in the vertical farming market:

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

๐Œ๐š๐ค๐ž ๐š๐ง ๐ˆ๐ง๐ช๐ฎ๐ข๐ซ๐ฒ ๐๐ž๐Ÿ๐จ๐ซ๐ž ๐๐ฎ๐ฒ๐ข๐ง๐ : https://www.polarismarketresearch.com/industry-analysis/vertical-farming-market/inquire-before-buying

๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐‡๐ข๐ ๐ก๐ฅ๐ข๐ ๐ก๐ญ๐ฌ:

โ€ข The Hydroponics segment is accounted to dominate the market in 2022. The growth of the segment can be attributed to its several benefits compared to traditional farming methods, including efficient use of resources, higher crop yields, faster growth, year-round production, reduced pesticide use, and locally grown produce.
โ€ข Building-based Vertical Farms segment was leading the market in 2022. The growth of building-based vertical farms in the vertical farming market is attributed to their effective space optimization, reduced transportation costs, better-controlled environment, higher crop yields, and using less water and fertilizers compared to traditional farming methods
โ€ข The Climate Control segment is projected to witness the quickest growth rate in the forecast period. Supporting factors of the segment can be contributed to the benefits of climate control components in vertical farming, including consistent and optimized growing conditions, reduced risk of crop failure, increased energy efficiency, flexibility in crop selection, and year-round crop production.
โ€ข The North American region is projected to account for a major market share in the forecast period. The segment is expected to grow in the coming years, driven by increasing demand for locally grown, fresh produce, technological advancements, government support, investment in research and development, and growing adoption by commercial growers.

๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง ๐Ž๐ฏ๐ž๐ซ๐ฏ๐ข๐ž๐ฐ:

The vertical farming market is mainly segmented based on growth mechanism, structure, components, crops, and region. Based on the growth mechanism analysis, in 2022, the hydroponic segment held the largest market share. In hydroponic systems, the amount of water used is lower than in traditional farming methods due to the water being recycled in a closed-loop system. Hydroponics could lead to a decrease of up to 90% in water consumption, making it a more environmentally friendly and sustainable method of growing plants.

Furthermore, according to the structure analysis, in 2022, the building-based vertical farms segment dominate the market. Vertical farms incorporated into buildings make use of unused spaces like building rooftops, empty buildings, and industrial areas. It allows for efficient use of space in busy urban areas.

๐„๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ž ๐ญ๐ก๐ž ๐‚๐จ๐ฆ๐ฉ๐ฅ๐ž๐ญ๐ž ๐‚๐จ๐ฆ๐ฉ๐ซ๐ž๐ก๐ž๐ง๐ฌ๐ข๐ฏ๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐‡๐ž๐ซ๐ž: https://www.polarismarketresearch.com/industry-analysis/vertical-farming-market

๐Œ๐จ๐ซ๐ž ๐“๐ซ๐ž๐ง๐๐ข๐ง๐  ๐‘๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ ๐›๐ฒ ๐๐จ๐ฅ๐š๐ซ๐ข๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก:

Queue Management System Market: https://www.polarismarketresearch.com/industry-analysis/queue-management-system-market

Cloud Advertising Market: https://www.polarismarketresearch.com/industry-analysis/cloud-advertising-market

Desktop Virtualization Market: https://www.polarismarketresearch.com/industry-analysis/desktop-virtualization-market

Digital Battlefield Market: https://www.polarismarketresearch.com/industry-analysis/digital-battlefield-market

WTTx Market: https://www.polarismarketresearch.com/industry-analysis/wttx-market

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ:
Likhil G
8 The Green Ste 19824,
Dover, DE 19901,
United States
Phone: +1-929 297-9727
Email: sales@polarismarketresearch.com
Web: https://www.polarismarketresearch.com
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๐€๐›๐จ๐ฎ๐ญ ๐๐จ๐ฅ๐š๐ซ๐ข๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก & ๐‚๐จ๐ง๐ฌ๐ฎ๐ฅ๐ญ๐ข๐ง๐ , ๐ˆ๐ง๐œ:

Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for PMR's clientele spread across different enterprises. We at Polaris are obliged to serve PMR's diverse customer base present across the industries of healthcare, technology, semiconductors, and chemicals among various other industries present around the world. We strive to provide PMR's customers with updated information on innovative technologies, high-growth markets, emerging business environments, and the latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced, and extremely qualified team of experts comprising SMEs, analysts, and consultants, we at Polaris endeavor to deliver value-added business solutions to PMR's customers.

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