Exploring Vertical Farming Market : Size, Growth, Trends, and Forecast Analysis: Opportunities and Challenges
The latest study on the Vertical Farming Market industry includes a detailed analysis of the future trends and demands for the forecast period, 2020 – 2032 . The report is furnished with the latest scenario and growth outlook of the market with regard to the impact of the pandemic.The report considers 2017-2018 as historical years, 2019 as the base year, and 2020- 2032 as the forecast timeline. The report offers strategic recommendations to the key stakeholders and investors to help them ascertain maximum returns on their investments and formulate new strategic business plans.
Global vertical farming market size reached USD 3.09 Billion in 2021 and is expected to register a revenue CAGR of 23.5% during the forecast period, according to latest analysis by Emergen Research. Increase in global demand for food and rapid urbanization are expected to support market revenue growth during 2022-2030.In addition, the rapid climate change caused by global warming has adversely affected the weather patterns, causing irregular rainfall, drought, desertification, thereby reducing agricultural productivity. Increasing population is expected to lead to a rise in global demand for food, which is further expected to increase demand for alternative agriculture practices such as vertical farming to ensure food security. This is expected to further accelerate revenue growth of the market during the forecast period.
Covid impact analysis:
The global Vertical Farming Market report by emergen research is the latest document covering the changes in the market dynamics and trends that have followed the COVID-19 outbreak. The global health emergency has brought about unprecedented changes in the global economic scenario, drastically affecting the Vertical Farming Market landscape, disrupting its supply chains, and causing volatility in prices and demand for products. The report analyzes the impact of the pandemic on the Vertical Farming Market industry and highlights its beleaguered segments. However, our analysts speculate that the market will regain traction in the post-COVID scenario.
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Major companies in the market include AeroFarms, LLC, Agricool SAS, Sky Greens, Emirates Vertical Farming Farms, Freight Farms, Inc., Green Sense Farms Holdings, Inc., Heliospectra AB, LumiGrow, Inc., Signify Holding B.V., and Hydrofarm LLC.
Overview of the TOC of the Report:
- Regional analysis with sales, revenue, and market share for each region for the forecast period
- Country-wise analysis of the market by type, application, and manufacturers
- Market Segmentation based on types
- Market segmentation based on applications
- Historical and forecast estimation
Emergen Research has segmented global vertical farming market on the basis of system, type, structure, equipment, and region:
- System Outlook (Revenue, USD Billion, 2019–2030)
- Hydroponics
- Aeroponics
- Aquaponics
- Type Outlook (Revenue, USD Billion, 2019–2030)
- Aggregate Systems
- Open System
- Closed System
- Liquid Systems
- Aggregate Systems
- Structure Outlook (Revenue, USD Billion, 2019–2030)
- Building-based
- Shipping Container-based
- Equipment Outlook (Revenue, USD Billion, 2019–2030)
- Heating Ventilation and Air Conditioning (HVAC)
- Light-emitting Diode (LED)
- Grow Lights
- Irrigation Systems
- Material Handling Equipment
- Control Systems
Key Geographies Profiled in the Report:
- North America (the U.S., Mexico, and Canada)
- Asia Pacific (China, Japan, India, and Rest of Asia Pacific)
- Europe (the U.K., France, Germany, and Rest of Europe)
- Latin America (Brazil and Rest of Latin America)
- Middle East & Africa (GCC Countries and Rest of Middle East & Africa)
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Key questions answered in the report:
Which are the five top players of the Vertical Farming Market ?
How will the Vertical Farming Market change in the next five years?
Which product and application will take a lion’s share of the Vertical Farming Market ?
What are the drivers and restraints of the Vertical Farming Market ?
Which regional market will show the highest growth?
What will be the CAGR and size of the Vertical Farming Market throughout the forecast period?
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