The market for vertical farming was estimated to be worth US $5.07 billion in 2023, and by 2030, its revenue is expected to have grown at a compound annual growth rate (CAGR) of 25.7% to reach about USD $25.14 billion.
Vertical Farming Market Overview
Maximize Market Research is a Business Consultancy Firm that has published a detailed analysis of the “ Vertical Farming Market”. The report includes key business insights, demand analysis, pricing analysis, and competitive landscape. The analysis in the report provides an in-depth aspect at the current status of the Vertical Farming market, with forecasts outspreading to the year 2030.
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Vertical Farming Market Scope and Methodology:
The research provides a thorough understanding of the Vertical Farming industry, highlights major competitors and their market positioning, and provides an overview of the competitive landscape. It also talks about recent product developments and market trends in technology. For the benefit of businesses, newcomers, and industry participants in the Vertical Farming market, comprehensive data on revenue, sales volume, and average pricing is accessible for the whole Vertical Farming market and its segments. The examination of the Vertical Farming industry reveals current patterns impacting growth and prospects.
Both qualitative and quantitative research are included in the study, with an emphasis on pattern identification, data interpretation, and perceptive observations. A hierarchical method is used to analyse the strategies of leading businesses in the Vertical Farming industry, taking into account different market segments and geographical areas. Details on import/export activities, market trends, costs, and pricing are also included in the study.
Vertical Farming Market Regional Insights
The Vertical Farming market is divided into North America, South America, Europe, the Middle East and Africa, and Asia Pacific, according to regional analysis. Several areas are home to nations such as the United States, Canada, Mexico, United Kingdom, Germany, France, Spain, Italy, Rest of Europe, China, India, Japan, Australia, and South Korea.
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Vertical Farming Market Segmentation
by Growth Mechanism
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.
by Structure
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.
by Application
Indoor
Outdoor
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Vertical Farming Market Key Players
North America
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)
Europe
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)
Asia Pacific
1. Sky Greens (Singapore)
2. Spread Co., Ltd. (Japan)
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Table of Content: Vertical Farming Market
Part 01: Executive Summary
Part 02: Scope of the Vertical Farming Market Report
Part 03: Global Vertical Farming Market Landscape
Part 04: Global Vertical Farming Market Sizing
Part 05: Global Vertical Farming Market Segmentation by Type
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
Key questions answered in the Vertical Farming Market are:
- What is Vertical Farming?
- What was the Vertical Farming market size in 2023?
- What is the growth rate of the Vertical Farming Market?
- Which is the fastest-growing region in the Vertical Farming market?
- Which are the factors expected to drive the Vertical Farming market growth?
- What is the CAGR at which the Vertical Farming market will grow during the forecast period?
- What growth strategies are the players considering to increase their presence in Vertical Farming?
- What are the upcoming opportunities and trends for the Vertical Farming Market?
- What are the different segments of the Vertical Farming Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Vertical Farming Market?
- What segments are covered in the Vertical Farming Market?
- Who are the key players in the Vertical Farming market?
- Who are the leading companies and what are their portfolios in Vertical Farming Market?
Related Reports: Global Vertical Farming Market https://www.maximizemarketresearch.com/market-report/global-translation-service-market/59434/
Global Vertical Farming Market https://www.maximizemarketresearch.com/market-report/global-vertical-farming-market/15221/
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by Different Segment | 2024−2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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