Vertical Farming Market to Reach Value of USD 20.91 Billion by 2029
Posted on Mar 17 2023 6:39 AM
"Vertical Farming Market Size, Share & COVID-19 Impact Analysis, By Type (Hydroponics, Aeroponics and Aquaponics), By Structure (Building-Based Vertical Farm and Shipping-Container Vertical Farm), By Component (Lighting System, Irrigation & Fertigation System, Climate Control, Sensors, and Others), and Regional Forecast, 2022-2029 "
The Global "Vertical Farming Market Size 2023" research report covers explicit information regarding the development rate, market estimates, drivers, limitations, future-based demand, and revenue during the forecast period. The report explores the current outlook in global and key regions from the perspective of players, countries, product types and end industries.
The global vertical farming market was valued at USD 3.47 billion in 2021 and is projected to grow from USD 4.16 billion in 2022 to USD 20.91 billion by 2029, exhibiting a CAGR of 25.9% during the forecast period.
Additionally,technology industry the report provides insights into the regional analysis that covers different regions, contributing to the growth of the market. The Global Vertical Farming Market consists of data accumulated from numerous primary and secondary sources. This information has been verified and validated by the industry analysts, thus providing significant insights to the researchers, analysts, managers, and other industry professionals. This document further helps in understanding market trends, applications, specifications, and market.
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Increasing Number of Company Mergers Will Aid Growth
The report encompasses several factors that have contributed to the growth of the market in recent years. Among all factors, the increasing number of company mergers have had the highest impact on market growth. The increasing investment in the development of newer vertical farming equipment, coupled with the efforts put in to acquire medium as well as small scale enterprises will contribute to the growth of the market. In 2017, Signify Holding. (Philips Lighting) announced a collaboration with Ecobain Gardens to build the first ever commercial vertical farm operation in Canada. This partnership offers customers attractive returns on investments via healthier, nutritious and rich foods that attract new customers. The report identifies a few of the leading company mergers of recent times and gauges their impact on the global vertical farming market growth in the forthcoming years.
Customization Available: Global Vertical Farming Market
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Primary Research: Detailed product mapping of major as well as emerging players in the market. Estimation of revenues/market size of all segments to arrive at the total market valuation. Estimation based on current trends, purchasing behavior, demand-supply gap, import-export scenario, and latest technology and developments. Estimation based on the number of end-users and the average consumption by each end-user. Estimation based on the production side and the supply side for the products and services offered in the market.
Bottom-Up Approach: This approach follows estimation of data through market share, revenues, and growth rate of prominent players operating in the market.
Top-Down Approach: Discussion with stakeholders and Key Opinion Leaders (KOLS) to validate market estimates and get their insights related to trends, dynamics, and competitive analysis.
Vertical Farming Market Segments:
- Building-Based Vertical Farm
- Shipping-Container Vertical Farm
- Lighting System
- Irrigation & Fertigation System
- Climate Control
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Who are the Top Players Vertical Farming Market?
- Freight Farms, Inc.
- Illumitex Inc.
- 4D Bios, Inc.
- Thrive Agritech
- Heliospectra AB
- Everlight Electronics
Global Vertical Farming Market Size Highlights:
The report for Global Vertical Farming Market of Fortune Business Insights covers extensive primary research. This is accompanied with detailed analysis of qualitative and quantitative aspects by various industry experts and key opinion leaders to gain deeper insights into the market and industry performance. Moreover, report gives a clear picture of the current market scenario, which includes the historical and forecasted market size, in terms of value and volume, macroeconomic, technological advancement, and governing factors of the market. Furthermore, report provides comprehensive information about the strategies of the top companies in the industry, along with a broad study of the different market segments of the technology industry.
The Global Vertical Farming Market report is provided for the international markets as well as development trends, competitive landscape analysis, and key regions development status. Moreover, development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed. This report additionally states import/export consumption, supply and demand Figures, cost, price, revenue and gross margins.
The financial parameters which are assessed include the sales, profits and the overall revenue generated by the key players of Market. Furthermore, the report offers a detailed analysis and information as per Vertical Farming Market Growth Analysis by manufacturers, market segments helping our readers to get a comprehensive overview of the global market. Several players are planning to focus on developing cost-effective products or services, aiming to maintain a strong foothold in the market.
Out research methodology is robust and includes data triangulation based on bottom-up and top-down approaches. We validated the approximate market number with the help of primary research. Furthermore, Secondary research was conducted to find out detailed information about mergers and acquisitions, collaborations, joint ventures, and agreements. Moreover, we have derived significant information about the market dynamics associated with growth drivers, trends, and obstacles.
Frequently Asked Questions?
- What is the Vertical Farming Market size?
- What is the CAGR for Vertical Farming Market ?
- What are the segments covered in the Vertical Farming Market report?
- Who are the key players in the Vertical Farming Market?
- Which region is more attractive for vendors in the Vertical Farming Market?
- What are the key markets for higher education?
- What are the key factors driving the growth of Vertical Farming Market ?
- Which segment has the largest share in the Vertical Farming Market?
Key Points from TOC:
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
4. Key Insights
4.1 Global Statistics — Key Countries
4.2 New Product Launches
4.3 Pipeline Analysis
4.4 Regulatory Scenario — Key Countries
4.5 Recent Industry Developments — Partnerships, Mergers and Acquisitions
5. Global Vertical Farming Market Analysis, Insights and Forecast
5.1. Key Findings/ Summary
5.2. Market Analysis — By Product Type
5.3. Market Analysis — By Distribution Channel
5.4. Market Analysis — By Countries/Sub-regions
11. Competitive Analysis
11.1. Key Industry Developments
11.2. Global Market Share Analysis
11.3. Competition Dashboard
11.4. Comparative Analysis — Major Players
12. Company Profiles
12.2 Products and Services
12.3 SWOT Analysis
12.4 Recent developments
12.5 Major Investments
12.6 Regional Market Size and Demand
13. Strategic Recommendations
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