“Growing Up: Navigating Innovations and Trends in the Vertical Farming Industry”
Global Vertical Farming Market was valued at USD 2.81 billion in 2021 and is expected to reach USD 7.03 billion by the year 2028, at a CAGR of 14%.
The Vertical Farming Market involves the cultivation of crops in vertically stacked layers or vertically inclined surfaces, using controlled-environment agriculture (CEA) techniques such as hydroponics, aeroponics, and aquaponics. This innovative farming method enables efficient use of space, resources, and energy, making it well-suited for urban environments and areas with limited arable land.
Vertical farming offers several advantages over traditional agriculture, including higher yields, reduced water consumption, year-round production, and protection from pests and diseases. The market has experienced significant growth driven by increasing urbanization, food security concerns, climate change, and the demand for sustainable agriculture solutions.
📚𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 — https://introspectivemarketresearch.com/request/16183
Growing Urbanization and Demand for Local Food Production :
A primary driver for the Vertical Farming Market is the growing trend of urbanization and the increasing demand for locally grown, fresh produce in urban areas. As populations shift towards urban centers, there is a need to produce food closer to consumers to reduce transportation costs, carbon emissions, and food miles.
Vertical farming offers a solution by enabling the cultivation of fruits, vegetables, and herbs in indoor facilities located within or near urban centers, providing consumers with access to fresh, nutritious produce year-round. Moreover, vertical farms can be integrated into urban landscapes, repurposing underutilized spaces such as warehouses, rooftops, and abandoned buildings to create sustainable food production hubs in densely populated cities.
Segments Covered :
By Type
- Lighting
- Hydroponic Components
- Climate Control
- Sensors
- Software & Services
By Growth Mechanism
- Hydroponics
- Aeroponics
- Aquaponics
By Structure
- Shipping Container
- Building-based
By Crop Type
- Fruits & Vegetables
- Other Crop Types
By crop type,Tomatoes, strawberries, lettuce, bell and chili peppers, cucumber, and leafy greens are among the most regularly grown vegetables, herbs, and fruits in various locales. One of the most significant considerations when growing any crop in vertical farming is to determine its economic feasibility, which ensures that the company will profit handsomely from its cultivation.
𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 : https://introspectivemarketresearch.com/inquiry/16183
Players Covered in Vertical Farming
- FarmVisionAI (US)
- AmHydro (US)
- Mirai Co. Ltd (Japan)
- Osram Licht AG (Germany)
- AeroFarms LLC (US)
- Bright Farms (US)
- Spread Co. Ltd.; (Japan)
- Plenty Unlimited Inc. (the US)
- Future Crops (Netherlands)
- Vertical Farm Systems (Australia)
- Valoya (Finland)
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