Vertical Farming Market Overview
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 Scope and Methodology:
The report provides a comprehensive analysis of market participants in the Vertical Farming market. It provides a detailed analysis of the global, regional, national, and local markets within the Vertical Farming industry. The competitive analysis section highlights major industry players across various regions, offering insights into their revenue, financial standing, portfolio, and technical developments. Segment-wise analysis of the Vertical Farming market is conducted based on specific criteria, examining the factors that favorably and unfavorably impact market growth. By analyzing primary and secondary data sources, the report presents forecasts for market size, growth rate, and current and future trends in the Vertical Farming market. The bottom-up approach is utilized to validate the market size estimation for different segments. The report incorporates both primary and secondary data collection methods.
Qualitative and quantitative research methods are employed, utilizing tools such as SWOT analysis, PESTLE analysis, and Porter’s Five Forces analysis. These analytical tools provide valuable insights into the Vertical Farming market such as growth drivers and restraints. Overall, the report serves as a comprehensive guide for investors, stakeholders, and market followers of the Vertical Farming market, assisting them in making informed decisions.
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 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 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
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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?
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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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