Farming on the Rise: Size, Trends, and Future Prospects of Vertical Farming Market Up to 2029

Maximize Market Research is an Vertical Farming research firm that has delivered a detailed analysis of the “Vertical Farming Market”. The report includes key business insights, demand analysis, pricing analysis, and competitive landscape.

Vertical Farming Market Value :

Vertical Farming Market was valued at USD 22.19 Billion in 2022, and it is expected to reach USD 15.78 Billion by 2029, exhibiting a CAGR of 18.6 % during the forecast period (2023-2029)

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Vertical Farming Market Segmentation

Global Vertical Farming Market, by Growth mechanism type (2022-2029)

• Hydroponic
• Aeroponic
• Aquaponic

The hydroponics segment had the biggest revenue share of more than 50.0% in 2022, according to Growing Mechanism, and is likely to maintain its dominance throughout the forecast period. Hydroponics is a popular growing technology due to its low installation costs and ease of use. It is a method of cultivating plants that uses a mineral solution around the plant roots instead of earth. In addition, hydroponics reduces the potential of soil organisms causing sickness. Consumers’ rising awareness of pesticide risks is expected to fuel up demand for hydroponics. Hydroponically grown plants produce more than comparable soil-grown plants due to better nutrition control. Furthermore, plant roots are immersed in a chemical solution.

Global Vertical Farming Market, by Structure (2022-2029)

• Building based structure
• Container based structure

According to Structure, the shipping container category dominated the vertical farming market in 2022 with a market share of more than 50.0% and is expected to maintain its dominance throughout the projected period. This growth is attributed to the structure’s ability to help with agricultural yield regardless of geographic location. One of the primary benefits of container farming is that it is portable and does not require a large plot of land or a dedicated facility to get started. Furthermore, as competition grows, the price of shipping containers reduces since the cost of acquiring used containers is very low, allowing more businesses to enter the market. However, such systems have some drawbacks, such as low comparative productivity and antagonism between light, heat, and layout.

Global Vertical Farming Market, by Application (2022-2029)

• Indoor
• Outdoor

Vertical Farming Market Regional Insights

The report includes a thorough analysis of all the factors, market size, growth rate, and import and export in regions. The Regional Analysis provides the Vertical Farming market status of various countries included in the report.  The Vertical Farming market is broadly segmented into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.

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Vertical Farming Market Key Players

1. AeroFarms 2. Plenty 3. Green Spirit Farms 4. Bowery farming 5. BrightFarms 6. Gotham Greens 7. Iron Ox 8. Infarm 9. Agricool 10. CropOne 11. Illumitex 12. PodPonics 13. Surna 14. Freght Farms 15. Voeks Inc 16. Signify 17. Osram 18. Freight Farms 19. Sky Greens 20. Spread 21. Valoya 22. Everlight Electronics

Table Of Content :

1. Global Vertical Farming Market: Research Methodology

2. Global Vertical Farming Market: Executive Summary
2.1. Market Overview and Definitions
2.1.1. Introduction to Global Vertical Farming Market
2.2. Summary
2.2.1. Key Findings
2.2.2. Recommendations for Investors
2.2.3. Recommendations for Market Leaders
2.2.4. Recommendations for New Market Entry

3. Global Vertical Farming Market: Competitive Analysis
3.1. MMR Competition Matrix
3.1.1. Market Structure by region–
3.1.2. Competitive Benchmarking of Key Players
3.2. Consolidation in the Market
3.2.1 M&A by region
3.3. Key Developments by Companies
3.4. Market Drivers
3.5. Market Restraints
3.6. Market Opportunities
3.7. Market Challenges
3.8. Market Dynamics
3.9. PORTERS Five Forces Analysis
3.10. PESTLE
3.11. Regulatory Landscape by region
• Asia Pacific
• Europe
• North America
• The Middle East and Africa
• South America
3.12. COVID-19 Impact

Key questions answered in the Vertical Farming Market are:

• What are the recent industry trends that can be implemented to generate additional revenue streams for the Vertical Farming Market?
• What major challenges could the Vertical Farming Market face in the future?
• What segments are covered in the Vertical Farming Market?
• Who are the leading companies and what are their portfolios in Vertical Farming Market?
• What segments are covered in the Vertical Farming Market?
• Who are the key players in the Vertical Farming market?

Key Offerings:

• Past Market Size and Competitive Landscape (2018 to 2021)
• Past Pricing and price curve by region (2018 to 2021)
• Market Size, Share, Size & Forecast by different segment | 2023−2029
• 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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