MR Forecast has released a new report on the Vertical Farming market, covering both global and regional scales. The report provides a comprehensive understanding of the current market landscape, development, outlook, and status until 2032. The growth of the Vertical Farming market is fuelled by increasing demand in established regions, various types, technological advancements, and expanding end-user penetration. The report mainly focuses on the definition, types, applications, and major key players/manufacturers such as AeroFarms (U.S.), OSRAM Licht AG (Germany), Urban Crop Solutions (Europe), Heliospectra AB (Sweden), Everlight Electronics Co. Ltd. (Taiwan), Signify Holding (Netherlands), Sky Greens (Singapore), BrightFarms. (U.S.), Plenty Unlimited Inc. (U.S.), Freight Farms, Inc. (U.S.), based on the Global Vertical Farming industrial and supply chain.
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The Vertical Farming Marketsize was valued at USD 5.05 USD Billion in 2023 and is projected to reach USD 26.03 USD Billion by 2032, exhibiting a CAGR of 26.4 % during the forecast period.
The latest edition of this report you will be entitled to receive additional chapter / commentary on latest scenario, economic slowdown and COVID-19 impact on overall industry. Further it will also provide qualitative information about when industry could come back on track and what possible measures industry players are taking to deal with current situation. Each of the segment analysis table for forecast period also high % impact on growth.
This research is categorized differently considering the various aspects of this market. It also evaluates the upcoming situation by considering project pipelines of company, long term agreements to derive growth estimates. The forecast is analyzed based on the volume and revenue of this market. The tools used for analyzing the Global Vertical Farming Market research report include SWOT analysis.
February 2024 – Urban Crop Solutions launched an e-shop for customers for indoor farming installations. The e-shop can connect a customer to a sales person, and the team would assist customers in their purchases and other queries.,
November 2023 – Urban Crop Solutions collaborated with BASF for developing eco- friendly and efficient solutions.,
March 2023 – UP Vertical Farms developed unique solutions to the challenges handled by traditional farming methods. The company launched a high-density contactless vertical farm to be the most sustainable vertical farm by 2023. The solution enables significantly faster production, higher yields, and better quality control with minimal environmental impact.,
February 2023 – AeroFarms unveiled its new research & development farm in Abu Dhabi with the support of the Abu Dhabi Investment Office.,
October 2022 – AeroFarms decided to expand nationally from the Northeast region to all-natural food markets after noticing an increased demand for specialty vegetables. AeroFarms becomes the first indoor farming company to join the Whole Foods Market Global Planogram. ,
October 2022 – Singapore-based agtech company Singrow launched Bloom, a consumer concept brand, with plans to expand in Asia and beyond. The company plans to expand its firm partner presence beyond China, Singapore, and Indonesia to Thailand, the Philippines, Hong Kong, and the Middle East. ,
December 2021 - Dream Harvest Farming Company, a Houston-based vertical farming company, secured USD 50 million in funding from Orion Energy Partners. Through this funding, the company aims to scale up production and construct a 100,000 sq. ft indoor vertical farming facility. Further, the company aims to scale its operations and serve additional retailers.,
October 2020 – BrightFarms secured USD 100 million to expand its indoor farming. The funding round was led by Cox Enterprises. The company aims to leverage this funding to invest in its existing and retail farms. Further, the company aims to expand its presence across the U.S.
Influencing Trend:
- Robotics and Artificial Intelligence to Drive Market towards Higher Growth Trajectory
Market Growth Drivers:
- Declining Arable Land and Growing Water Crisis to Drive Adoption of Vertical Farms
The Global Vertical Farming segments and Market Data Break Down are illuminated below:
Type: Hydroponics, Aeroponics, Aquaponics,Structure: Building-Based Vertical Farm, Shipping-Container Vertical Farm,Component: Lighting System, Irrigation & Fertigation System, Climate Control, Sensors, Others
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The regional analysis of Global Vertical Farming Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading region across the world. Whereas, owing to rising no. of research activities in countries such as China, India, and Japan, Asia Pacific region is also expected to exhibit higher growth rate the forecast period 2024-2032.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Strategic Points Covered in Table of Content of Global Vertical Farming Market:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Vertical Farming market
Chapter 2: Exclusive Summary – the basic information of the Vertical Farming Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Vertical Farming
Chapter 4: Presenting the Vertical Farming Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region/Country 2015-2020
Chapter 6: Evaluating the leading manufacturers of the Vertical Farming market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions (2024-2032)
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source
Finally, Vertical Farming Market is a valuable source of guidance for individuals and companies.
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Key questions answered
- Who are the Leading key players and what are their Key Business plans in the Global Vertical Farming market?
- What are the key concerns of the five forces analysis of the Global Vertical Farming market?
- What are different prospects and threats faced by the dealers in the Global Vertical Farming market?
- What are the strengths and weaknesses of the key vendors?
Definitively, this report will give you an unmistakable perspective on every single reality of the market without a need to allude to some other research report or an information source. Our report will give all of you the realities about the past, present, and eventual fate of the concerned Market.
Thanks for reading this article, we can also provide customized report as per company’s specific needs. You can also get separate chapter wise or region wise report versions including North America, Europe or Asia.
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