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Vertical Farming Market Analysis: Key Insights and Forecast for 2024-2030

12-19-2024 07:20 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: MAXIMIZE MARKET RESEARCH PVT. LTD.

Vertical Farming Market

Vertical Farming Market

๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ ๐ข๐ง ๐ญ๐ก๐ž ๐†๐ฅ๐จ๐›๐š๐ฅ ๐•๐ž๐ซ๐ญ๐ข๐œ๐š๐ฅ ๐…๐š๐ซ๐ฆ๐ข๐ง๐  ๐Œ๐š๐ซ๐ค๐ž๐ญ

The global vertical farming market is revolutionizing agriculture, offering sustainable solutions for food production amidst growing urbanization. Valued at US 5.07 Bn in 2023, the market is projected to grow at a robust CAGR of 25.7%, reaching USD 25.14 Bn by 2030. With increasing adoption of advanced farming technologies, the industry is witnessing significant mergers, acquisitions, and technological advancements.

๐”๐ง๐ฅ๐จ๐œ๐ค ๐œ๐ซ๐ข๐ญ๐ข๐œ๐š๐ฅ ๐ฆ๐š๐ซ๐ค๐ž๐ญ ๐ข๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐›๐ฒ ๐ž๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ข๐ง๐  ๐ญ๐ก๐ž ๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž ๐ฏ๐ข๐š ๐ญ๐ก๐ž ๐ฅ๐ข๐ง๐ค @https://www.maximizemarketresearch.com/request-sample/15221/

๐•๐ž๐ซ๐ญ๐ข๐œ๐š๐ฅ ๐…๐š๐ซ๐ฆ๐ข๐ง๐  ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ ๐ข๐ง ๐•๐ข๐ž๐ญ๐ง๐š๐ฆ:

Vietnam's rapid urbanization and government initiatives are fostering the growth of vertical farming. Recent developments include ๐’๐ค๐ฒ ๐†๐ซ๐ž๐ž๐ง๐ฌ partnership with local agricultural firms to introduce innovative farming systems. The country's push for food security and sustainable practices is driving market expansion.

๐•๐ž๐ซ๐ญ๐ข๐œ๐š๐ฅ ๐…๐š๐ซ๐ฆ๐ข๐ง๐  ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐“๐ซ๐ž๐ง๐๐ฌ ๐ข๐ง ๐“๐ก๐š๐ข๐ฅ๐š๐ง๐:

Thailand's market is expanding, driven by a growing demand for organic produce and urban farming solutions. ๐๐š๐ง๐š๐ฌ๐จ๐ง๐ข๐œ has launched indoor farming systems tailored for the Thai market, focusing on leafy greens. The government's support for technology-driven agriculture is boosting the adoption of vertical farming.

๐•๐ž๐ซ๐ญ๐ข๐œ๐š๐ฅ ๐…๐š๐ซ๐ฆ๐ข๐ง๐  ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐‰๐š๐ฉ๐š๐ง:

Japan remains a global leader in vertical farming, leveraging cutting-edge robotics and AI technologies. Notable mergers include ๐’๐ฉ๐ซ๐ž๐š๐ ๐‚๐จ., ๐‹๐ญ๐. acquisition of smaller agritech firms to scale production. Innovations in lighting and automation are setting benchmarks for the global market.

๐†๐ž๐ญ ๐š ๐œ๐ฅ๐จ๐ฌ๐ž๐ซ ๐ฅ๐จ๐จ๐ค ๐š๐ญ ๐ญ๐ก๐ž ๐ ๐š๐ฆ๐ž-๐œ๐ก๐š๐ง๐ ๐ข๐ง๐  ๐ฉ๐ซ๐จ๐๐ฎ๐œ๐ญ๐ฌ ๐๐ซ๐ข๐ฏ๐ข๐ง๐  ๐ฌ๐ฎ๐œ๐œ๐ž๐ฌ๐ฌ :https://www.maximizemarketresearch.com/request-sample/15221/

๐•๐ž๐ซ๐ญ๐ข๐œ๐š๐ฅ ๐…๐š๐ซ๐ฆ๐ข๐ง๐  ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‚๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐š๐ญ๐ข๐จ๐ง ๐ข๐ง ๐’๐จ๐ฎ๐ญ๐ก ๐Š๐จ๐ซ๐ž๐š:

South Korea's vertical farming market is witnessing consolidation as companies like ๐๐จ๐ง๐ ๐ฌ๐ก๐ข๐ฆ invest in indoor farming technologies. The government's initiatives to ensure food security and reduce dependency on imports are key growth drivers.

๐•๐ž๐ซ๐ญ๐ข๐œ๐š๐ฅ ๐…๐š๐ซ๐ฆ๐ข๐ง๐  ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐”๐ฉ๐๐š๐ญ๐ข๐จ๐ง ๐ข๐ง ๐’๐ข๐ง๐ ๐š๐ฉ๐จ๐ซ๐ž:

Singapore, a pioneer in vertical farming, is focusing on maximizing limited land resources. ๐’๐ฎ๐ฌ๐ญ๐ž๐ง๐ข๐ซ ๐€๐ ๐ซ๐ข๐œ๐ฎ๐ฅ๐ญ๐ฎ๐ซ๐ž has expanded its operations to include new crop varieties. Recent regulatory updates and investments in R&D are strengthening the country's position as a global leader.

๐•๐ž๐ซ๐ญ๐ข๐œ๐š๐ฅ ๐…๐š๐ซ๐ฆ๐ข๐ง๐  ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ฒ ๐ข๐ง ๐”๐ง๐ข๐ญ๐ž๐ ๐’๐ญ๐š๐ญ๐ž๐ฌ:

The U.S. market is growing rapidly, fueled by consumer demand for fresh, locally sourced produce. Recent mergers, such as ๐๐ฅ๐ž๐ง๐ญ๐ฒ partnership with Walmart, are enhancing distribution networks. Investments in sustainable and energy-efficient farming methods are reshaping the industry.

๐„๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ž ๐๐ž๐ญ๐š๐ข๐ฅ๐ž๐ ๐๐š๐ญ๐š ๐š๐ง๐ ๐ข๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐›๐ฒ ๐ฏ๐ข๐ž๐ฐ๐ข๐ง๐  ๐ญ๐ก๐ž ๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž @https://www.maximizemarketresearch.com/request-sample/15221/

๐•๐ž๐ซ๐ญ๐ข๐œ๐š๐ฅ ๐…๐š๐ซ๐ฆ๐ข๐ง๐  ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐“๐ซ๐ž๐ง๐๐ฌ ๐ข๐ง ๐„๐ฎ๐ซ๐จ๐ฉ๐ž:

Europe is embracing vertical farming to address food sustainability challenges. ๐ˆ๐ง๐Ÿ๐š๐ซ๐ฆ has expanded its presence across major cities, establishing partnerships with leading retailers. The region's stringent environmental regulations are fostering innovation in vertical farming technologies.

๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง:

๐›๐ฒ ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐Œ๐ž๐œ๐ก๐š๐ง๐ข๐ฌ๐ฆ

Hydroponic
Aeroponic
Aquaponic

In 2023, the vertical farming market's growth mechanism was dominated by the hydroponics category. A number of factors have contributed to the hydroponics segment's rise as a market leader in vertical farming. By growing plants without the use of soil and using mineral solutions to directly feed the roots, hydroponics offers unparalleled efficiency. In comparison to traditional farming methods, this approach not only maximizes the use of available area but also guarantees the best possible distribution of resources, resulting in higher returns.

๐›๐ฒ ๐’๐ญ๐ซ๐ฎ๐œ๐ญ๐ฎ๐ซ๐ž

Building based structure
Container based structure

In 2023, the vertical farming market's structural segment was dominated by the container-based segment. The containers' capacity to enable agricultural growing regardless of location is responsible for this increase. One major benefit of container farming is its portability and low space needs, which enable newcomers to get started without requiring a large amount of land or specialized infrastructure. Because used containers are easily accessible and reasonably priced, more competition has contributed to a drop in shipping container pricing, which has further accelerated market expansion. Notwithstanding these benefits, there are also issues, such as decreased relative productivity and possible conflicts with layout management, heat, and light.

๐›๐ฒ ๐€๐ฉ๐ฉ๐ฅ๐ข๐œ๐š๐ญ๐ข๐จ๐ง

Indoor
Outdoor

๐†๐ž๐ญ ๐š ๐๐ž๐ญ๐š๐ข๐ฅ๐ž๐ ๐š๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ:https://www.maximizemarketresearch.com/market-report/global-vertical-farming-market/15221/

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

๐๐จ๐ซ๐ญ๐ก ๐€๐ฆ๐ž๐ซ๐ข๐œ๐š
1. AeroFarms (United States)
2. Plenty (United States)
3. Bowery Farming (United States)
4. BrightFarms (United States)
5. Gotham Greens (United States)
6. Lufa Farms (Canada)
7. Farm.One (United States)
8. Local Roots Farms (United States)
9. Green Sense Farms (United States)
10. Vertical Harvest (United States)
11. Freight Farms (United States)
12. Crop One Holdings (United States)
13. Fifth Season (United States)
14. AppHarvest (United States)
15. FarmBox Foods (United States)
16. Modular Farms (Canada)
17. Urban Grow Inc. (United States)

๐„๐ฎ๐ซ๐จ๐ฉ๐ž
1. Infarm (Germany)
2. Urban Crop Solutions (Belgium)
3. Jones Food Company (United Kingdom)
4. iFarm (Finland)
5. PlantLab (Netherlands)
6. Evergreen Farm Oy (Finland)

๐€๐ฌ๐ข๐š ๐๐š๐œ๐ข๐Ÿ๐ข๐œ
1. Sky Greens (Singapore)
2. Spread Co., Ltd. (Japan)

๐‘๐ž๐œ๐ž๐ง๐ญ ๐ƒ๐ž๐ฏ๐ž๐ฅ๐จ๐ฉ๐ฆ๐ž๐ง๐ญ๐ฌ

๐’๐ค๐ฒ ๐†๐ซ๐ž๐ž๐ง๐ฌ introduced compact vertical farming solutions tailored for urban households.
๐๐š๐ง๐š๐ฌ๐จ๐ง๐ข๐œ launched advanced LED systems for indoor farming in Asia.
๐’๐ฉ๐ซ๐ž๐š๐ ๐‚๐จ., ๐‹๐ญ๐. unveiled a new automated facility to enhance productivity in Japan.
๐๐ฅ๐ž๐ง๐ญ๐ฒ partnered with Walmart to deliver fresh produce to multiple U.S. states.
๐ˆ๐ง๐Ÿ๐š๐ซ๐ฆ expanded its network of vertical farms across Europe, targeting major urban centers.

๐‚๐ก๐ž๐œ๐ค ๐จ๐ฎ๐ญ ๐จ๐ฎ๐ซ ๐ญ๐ซ๐ž๐ง๐๐ข๐ง๐  ๐ฌ๐ญ๐ฎ๐๐ข๐ž๐ฌ ๐ญ๐จ ๐ฎ๐ง๐๐ž๐ซ๐ฌ๐ญ๐š๐ง๐ ๐ข๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐ฌ๐ก๐ข๐Ÿ๐ญ๐ฌ :

โ™ฆ Global Lemon Extract Market https://www.maximizemarketresearch.com/market-report/global-lemon-extract-market/27793/

โ™ฆ Global Optical Sorter Market https://www.maximizemarketresearch.com/market-report/global-optical-sorter-market/73696/

โ™ฆ Endoscopic Spinal Surgery Market https://www.maximizemarketresearch.com/market-report/global-endoscopic-spinal-surgery-market/80247/

โ™ฆ Global Voice over Internet Protocol (VoIP) Market https://www.maximizemarketresearch.com/market-report/global-voice-over-internet-protocol-voip-market/55029/

โ™ฆ Global Online and Betting Market https://www.maximizemarketresearch.com/market-report/global-online--and-betting-market/22190/

โ™ฆ Inverter Market https://www.maximizemarketresearch.com/market-report/global-inverter-market/54845/

โ™ฆ India Solar Rooftop Market https://www.maximizemarketresearch.com/market-report/india-solar-rooftop-market/20777/

โ™ฆ Motorhome Vehicle Market https://www.maximizemarketresearch.com/market-report/motorhome-vehicle-market/165020/

โ™ฆ Global directional drilling services market https://www.maximizemarketresearch.com/market-report/directional-drilling-services-market/69000/

โ™ฆ Global Membrane Bioreactor (MBR) Systems Market https://www.maximizemarketresearch.com/market-report/global-membrane-bioreactor-systems-market/31266/

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ ๐”๐ฌ:

MAXIMIZE MARKET RESEARCH PVT. LTD.
3rd Floor, Navale IT park Phase 2,
Pune Banglore Highway, Narhe
Pune, Maharashtra 411041, India.
+91 9607365656
sales@maximizemarketresearch.com

๐€๐›๐จ๐ฎ๐ญ ๐”๐ฌ:

Maximize Market Research is one of the fastest-growing market research and business consulting firms serving clients globally. Our revenue impact and focused growth-driven research initiatives make us a proud partner of majority of the Fortune 500 companies. We have a diversified portfolio and serve a variety of industries such as IT & telecom, chemical, food & beverage, aerospace & defense, healthcare and others.

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