Vertical Farming Market to Reach US$ 19,864.8 million, Globally, by 2028 at 24.4% CAGR: Premium Market Insights

The vertical farming market is expected to reach US$ 19,864.8 million by 2028 from US$ 4,300.2 million in 2021; it is estimated to grow at a CAGR of 24.4% from 2021 to 2028.Vertical Farming Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Growth Mechanism (Hydroponics, Aeroponics, and Aquaponics) and Component (Lighting, Sensor, Climate Control, Irrigation Component, Building Material, and Others)

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Competitive Landscape: Vertical Farming Market:
At present, precision agriculture technologies that include automatic steering, yield monitoring, remote sensing, in-field electronic sensors, section and row control on planters, and spatial data management is the most popular trend in the vertical farming market. With the augmenting demand for food, farmers and agriculturists are increasingly shifting toward precision farming in a bid to improve time management, reduce water and chemical usage, improve yield, and produce healthier crops. Precision farming allows farmers to maximize their yields by tapping GPS, data analytics, and applications. Maps created from the data guide the farmers about the use of seed, water, fertilizer, and pesticide in every area. They also inform the time to harvest. The increasing awareness and knowledge about precision farming, especially in remote areas, is likely to have a positive impact on the vertical farming market over the forecast period.The major stakeholders in the vertical farming market ecosystem include component manufacturers, distributors/retailers, and end users. Though numerous companies have entered in contracts with manufacturing firms, these companies are now also outsourcing product design. Presently, manufacturers as well as design firms offer custom design, component selection along with manufacturing overcome the technical challenges related to bringing development of vertical farms. The component manufacturers & technology providers have the technical expertise to provide advanced, efficient and easy to use solution for applications that facilitate effective operations at vertical farms

Eden Green Technology
Elevate Farms Inc.
iFarm
OSRAM GmbH
Plenty Unlimited Inc.
Sky Greens
Vertical Farm Systems
Square Mile Farms
Agrilution
AeroFarms
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Chapter Details of Vertical Farming Market:
Part 01: Executive Summary
Part 02: Scope of The Report
Part 03: Vertical Farming Market Landscape
Part 04: Vertical Farming Market Sizing
Part 05: Vertical Farming Market Segmentation by Product
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis

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