South America Vertical Farming Market Overviews
South America Vertical Farming Market size was valued at USD 1.11 Bn. in 2023 and expected to grow at a CAGR of 21.1% during the forecast period.
Vertical farming is done in a closed environment where crops are grown on racks to minimize the space required for growth. Vertical farming is the process of growing crops in a vertical layer using artificial light and heat. Compared to traditional farming methods, vertical farming requires less physical space, consumes less water, lowers labor costs and is more productive. Crops such as summer squash, bell peppers, eggplants, cantaloupe, English cucumbers, herbs, tomatoes, mushrooms are considered in vertical farming. South America vertical farming market report’s segment analysis provided on the basis of structure type and country.
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South America Vertical Farming Market Scope and Methodology:
Population growth and the deterioration of agricultural areas will force this controlled agriculture to shift to vertical farming, which has been the solution to feeding many Latin American cities such as Lima and Bogota. Better yield in a much smaller area, shorter growing time, less water usage, a gassy product has widely grown to the point of consumption, superior meal taste is the main driving factor to promote the growth of the South America vertical farming market.
South America Vertical Farming Market Regional Insights
Latin America market region includes countries like Brazil and Argentina and the remaining countries of South America. The market is expected to expand in Latin America as the consumer demand for organic foods is being complemented by rising disposable incomes and the growing populace. Further feasibility of the application of technological advancements in vertical farming, will bring down the costs and be considered as a major factor contributing to the South America vertical farming market growth in the foreseeable future. Brazil is one of the largest markets in this region followed by Argentina and Columbia.
South America Vertical FarmingMarket Segmentation
By Type, the market is segmented into Hardware, Software, Service and Others. Software Segment dominated the South America vertical farming market with a 42.2% share in 2023. Vertical farming is an energy-intensive crop production system that involves the integration of multiple technologies such as big data analysis, robotics, the Internet of Things, and artificial intelligence enabling successful crop growth without agricultural constraints. With the help of this technology, the software segment of Latin America is constantly growing.
South America Vertical Farming Market Key Players
Signify
Osram
Freight Farms
Aerofarms
Sky Greens
Spread
Plenty
Aerofarms
Koninklijko
Philips N.V
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Key questions answered in the South America Vertical Farming Market are:
- What is South America Vertical Farming ?
- What was the South America Vertical Farming market size in 2023?
- What is the growth rate of the South America Vertical Farming Market?
- Which are the factors expected to drive the South America Vertical Farming market growth?
- What are the different segments of the South America Vertical Farming Market?
- What growth strategies are the players considering to increase their presence in South America Vertical Farming ?
- What are the upcoming industry applications and trends for the South America Vertical Farming Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the South America Vertical Farming Market?
- Who are the leading companies and what are their portfolios in South America Vertical Farming Market?
- What segments are covered in the South America Vertical Farming Market?
- Who are the key players in the South America Vertical Farming market?
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
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