Market Research Future Published a Cooked Research Report on "Global Vertical Farming Market "
MRFR recognizes the following companies as the key players in the global Vertical Farming market— Aerofarms (US), Urban Crop (Belgium), Illurnitex, Inc. (US), Sky Greens (Singapore), Koninklijke Fhilips N.V (Netherlands), Everlight Electronics Co. Ltd. (Taiwan), Green Sense Farms, LLC (US), Agrilution (Germany), American Hydroponics (US), Vertical Farm Systems (Australia).
The global Vertical Farming market is accounted to register a CAGR of 23.30% during the forecast period and is estimated to reach USD 33.5 Billion by 2032.
The Vertical Farming Market refers to the industry focused on the cultivation of plants in vertically stacked layers or structures, often in urban environments. This innovative approach to farming utilizes controlled environments, hydroponic or aeroponic systems, and artificial lighting to optimize crop growth and yield. The market is driven by the increasing demand for sustainable and efficient agricultural practices, urbanization, and the need for local food production.
The global Vertical Farming market has been segmented based on Component, Structure, Growth Mechanism
Based on Component, the market is segmented into component irrigation component, lighting, sensor, climate control, building material, glass greenhouse, and plastic greenhouse The market was controlled by the climate control sector. Demand for hydroponic components is anticipated to be driven by farmers' greater adoption of hydroponic equipment to lessen the infrastructure needed to support the equipment and the weight burden.
Based on structure, the global Vertical Farming market has been segmented into building-based vertical farms, container-based vertical farms. Between 2022 and 2032, the container-based vertical farms category is expected to maintain its market dominance, accounting for around 53.32% of the market in 2022.
Based on Growth Mechanism, the global Vertical Farming market has been segmented into hydroponics, aeroponics, aquaponics. the hydroponics sector held the greatest market share. Because of its inexpensive installation costs and ease of use, hydroponics is a popular growth method
Browse In-depth Details [Table of Content, List of Figures, List of Tables] of Vertical Farming Market Research Report
The global Vertical Farming market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Vertical Farming market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Vertical Farming market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Vertical Farming market comprises of Middle East, Africa, and Latin America.
This market will be dominated by North American vertical farming because to factors including increased demand for fresh and organic goods, technical improvements, and so forth.
Additionally, the second-largest market share for Vertical Farming is held by Europe’s. Demand in the regional market is increased by the expanding use of nanotechnology and robots in agriculture.
In addition, the German vertical farming market had the biggest market share, while the fastest-growing market in the European region was the UK vertical farming industry. In addition, the Indian vertical farming market had the quickest rate of growth in the Asia-Pacific region, while China's vertical farming industry had the greatest market share.
Key Findings of the Study