Vertical Farming Market Overview
Maximize Market Research is a Business Consultancy Firm that has published a detailed analysis of the “Vertical Farming Market”. The report includes key business insights, demand analysis, pricing analysis, and competitive landscape. The report provides the current state of the Vertical Farming market by thorough analysis, and projections are made up to 2029.
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Vertical Farming Market Growth and Revenue Projection:
The Vertical Farming Market size was valued at US 5.07 Bn in 2023 and market revenue is growing at a CAGR of 25.7 % from 2023 to 2030, reaching nearly USD 25.14 Bn by 2030.
Vertical Farming Market Scope and Methodology:
The report aims to assess and predict the size of the Vertical Farming market. It offers strategic profiles of significant market participants to provide an accurate interpretation of the competitive landscape within the global Vertical Farming. Recent developments such as new product launches, acquisitions, mergers, joint ventures, brand activities, and major players in the Vertical Farming industry have undergone a comprehensive analysis. The report aims to present insights into industry trends, dynamics, and potentials, to assist professionals in staying informed about the latest trends and sector performance. This insight aids in predicting growth and decline in Vertical Farming market share over the forecast period.
An in-depth understanding of the Vertical Farming industry was achieved through a combination of primary and secondary research methods. To ensure the accuracy of our findings, we utilized various methodologies such as PESTLE, PORTER, and SWOT analysis. The SWOT analysis was used to identify the strengths, weaknesses, opportunities, and challenges of the key players within the Vertical Farming industry. Additionally, we used PORTER and PESTLE analysis to gain a better understanding of the microeconomic and macroeconomic factors that influence the Vertical Farming industry.
The world's declining amount of arable land that can be farmed and rising population both contribute to the growth of the vertical farming market.
A number of causes are contributing to the notable rise that the vertical farming market is witnessing, chief among them being the growing global population and the depletion of fertile land suitable for cultivation. The need for food to support human existence is rising as the world's population continues to rise. Challenges to traditional farming practices include water scarcity, land degradation, and climate change, all of which have a negative impact on productivity and crop yields. There is less and less area accessible for farming as a result of growing urbanisation and infrastructure development. Vertical farming has come to light as a potential remedy for these problems.
Vertical Farming Market Segmentation
by Growth
Mechanism Hydroponic
Aeroponic
Aquaponic
by Structure
Building based structure
Container based structure
by Application
Indoor
Outdoor
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Vertical Farming Market Regional Insights
Regional insights play a crucial role in understanding the nuanced dynamics of the Vertical Farming market. The Vertical Farming market is divided into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. The report comprehensively examines factors, market size, growth rate, and import and export activities within each region. The Regional Analysis section presents the current status of the Vertical Farming market in the countries covered in the report.
Vertical Farming Market Key Players
North America
1. AeroFarms (United States)
2. Plenty (United States)
3. Bowery Farming (United States)
4. BrightFarms (United States)
5. Gotham Greens (United States)
6. Lufa Farms (Canada)
7. Farm.One (United States)
8. Local Roots Farms (United States)
9. Green Sense Farms (United States)
10. Vertical Harvest (United States)
11. Freight Farms (United States)
12. Crop One Holdings (United States)
13. Fifth Season (United States)
14. AppHarvest (United States)
15. FarmBox Foods (United States)
16. Modular Farms (Canada)
17. Urban Grow Inc. (United States)
Europe
1. Infarm (Germany)
2. Urban Crop Solutions (Belgium)
3. Jones Food Company (United Kingdom)
4. iFarm (Finland)
5. PlantLab (Netherlands)
6. Evergreen Farm Oy (Finland)
Asia Pacific
1. Sky Greens (Singapore)
2. Spread Co., Ltd. (Japan)
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Key questions answered in the Vertical Farming Market are:
- What is Vertical Farming?
- What was the Vertical Farming market size in 2023?
- What will be the CAGR at which the Vertical Farming market will grow?
- What is the growth rate of the Vertical Farming Market?
- What are the industry trends that can be implemented to generate additional revenue streams for 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?
- Which are the factors expected to drive the Vertical Farming market growth?
- What are the different segments of the Vertical Farming Market?
- What growth strategies are the players considering to increase their presence in Vertical Farming?
- What are the upcoming industry applications and trends for the Vertical Farming Market?
- How can the investors capitalize on the opportunities in the 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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