Vertical Farming Market Growth, Trends, Share, Size, Growth Drivers, CAGR Status, Demand, Challenges, Business Opportunities and Forecast Analysis Till 2030: SPER Market Research

Published: Nov-2022

Author: SPER Analysis Team

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RESEARCH METHODOLOGY

Vertical Farming Market Growth, Trends, Share, Size, Growth Drivers, CAGR Status, Demand, Challenges, Business Opportunities and Forecast Analysis Till 2030: SPER Market Research

Global Vertical Farming Market is projected to be worth USD 22.77 billion by 2030.

Vertical farming is the practise of constructing farms vertically. More production may now be done on tiny pieces of land as a result. It is a non-traditional method of crop cultivation that offers easy harvesting, minimum climatic effects, good yield, little need for pesticides, small area needs, and little water usage.

The primary factors influencing the expansion of the vertical farming business are the rise in popularity of organic food, the optimal utilisation of vertical space and balanced energy consumption, the convenience of crop monitoring and harvesting, and the reduction in arable land. However, the market's growth is constrained by high startup costs and the adoption of cutting-edge technologies. However, industry participants in vertical farming should expect to gain significantly from the growing urban population and the quick adoption of technology-driven agriculture.

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The Global Vertical Farming Market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; AeroFarms, Agrilution GmbH, Altius Farms, American Hydroponics, Brightfarms Inc., Everlight Electronics Co., Ltd., Freight Farms, Future Crops, Green Sense Farms, LLC, GrowUp Urban Farms Ltd., Illumitex, Inc., Vertical Farm Systems.

SPER Market Research study aims to provide market dynamics, demand and supply with yearly forecast to 2030. This report provides data for growth estimates and forecasts for product type segment â€“ By Component {Irrigation Component, Lighting, Sensor, Climate Control, Building Material (Glass greenhouse, Plastic greenhouse), Others}, By Structure (Building-based Vertical Farms, Container-based Vertical Farms), By Growth Mechanism (Hydroponics, Aeroponics, Aquaponics).

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This report also provides the data for key regional segments of North America, Europe, Asia-Pacific and Rest of the World.

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.