The latest study on the Vertical Farming Market industry includes a detailed analysis of the future trends and demands for the forecast period, 2020 - 2030 The study is inclusive of a profound analysis of this business sphere focuses on the overall remuneration of the market over the projected period. The study also includes significant information pertinent to the Vertical Farming Market industry, particularly the current COVID-19 scenario. Exhaustive coverage of the COVID-19 impact on the Vertical Farming Market industry is a major attraction of the report.
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 report considers COVID-19 as a key contributor of the dynamically altered market scenario. The report covers a comprehensive impact analysis of the global health crisis on the overall growth of the market. Furthermore, the report covers the current and future impact of the COVID-19 crisis on the market and its key segments.
To know more about the report, visit @ https://www.emergenresearch.com/industry-report/vertical-farming-market
Competitive Outlook:
The global Vertical Farming Market is highly consolidated due to the presence of a large number of companies across this industry. These companies are known to make hefty investments in research and development projects. Also, they control a considerable portion of the overall market share, thus limiting the entry of new players into the sector. The global Vertical Farming Market report studies the prudent tactics undertaken by the leading market players, such as partnerships and collaborations, mergers acquisitions, new product launches, and joint ventures.
Some of the key participants in this industry 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.
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
Region wise performance of the Vertical Farming Market industry
North America Vertical Farming Market forecast is expected to remain significantly positive in terms of revenue share between 2020 and 2030 . In addition, North America Vertical Farming Market revenue share is expected to remain comparatively larger than that of other regional markets from 2020 to 2030 .
Asia Pacific registered fastest revenue CAGR in 2020, and the Vertical Farming Market forecast is that this trend is expected to continue going ahead. Market forecast states that revenue share contribution from China, India, and South Korea is expected to remain robust till 2030 .
Europe Vertical Farming Market forecast is positive currently, with revenue growth expected to remain steady between 2020 and 2030 . Robust focus on research and development initiatives by major firms and changing trends and demographics in countries in the region are some factors expected to continue to support Vertical Farming Market growth.
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Questions addressed in the report:
- What is the estimated market growth rate throughout the forecast period?
- Which end-use industry is expected to witness the highest demand for Vertical Farming Market in the near future?
- What is the regulatory framework governing the application of Vertical Farming Market in the food industry?
- Which manufacturing processes are utilized for the production of Vertical Farming Market ?
Table of Contents:
- Chapter 1 includes an introduction of the global Vertical Farming Market , along with a comprehensive market overview, market scope, product offerings, and an investigation of the market drivers, growth opportunities, risks, restraints, and other vital factors.
- Chapter 2 offers an in-depth analysis of the key manufacturers engaged in this business vertical, along with their sales and revenue estimations.
- Chapter 3 elaborates on the highly competitive terrain of the market, highlighting the key manufacturers and vendors.
- In Chapter 4, our team has fragmented the market on the basis of regions, underscoring the sales, revenue, and market share of each region over the forecast timeline.
- Chapters 5 and 6 have laid emphasis on the market segmentation based on product type and application.
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