Vertical Farming Market

0
754

Vertical Farming Market Analysis 

The global vertical farming market Globally, the size of vertical farming market is set to grow at a CAGR of 23.3% estimated to reach USD 25.1 Billion by 2030 driven by the increasing awareness and consciousness among people on what they eat and increased focus on health issues.

Drivers 

Use of LEDs in Vertical Farming to Boost Market Growth 

The use of light-emitting diodes (LEDs) in vertical farming will boost market growth over the forecast period. LEDs are now cost-effective and effective enough for cutting the total farming cost for the growers. Innovations in the LED technology lately are supporting the vertical farming market growth. In fact artificial lighting is indeed a pre-requisite for indoor farming applications. 

Key Players 

Key players profiled in the global vertical farming market report include Urban Crop Solutions (Belgium), Hort Americas (U.S.), Sky Greens (Singapore), Illumitex, Inc. (U.S.), Indoor Harvest Corporation (U.S.), Aerofarms (U.S.), Agrilution (Germany), Everlight Electronics Co. (Taiwan), and Koninklijke Philips N.V. (Netherlands). 

Get free sample report @ https://www.marketresearchfuture.com/sample_request/2779

Opportunities 

Lower Installation Cost of Hydroponics Technology to offer Robust Opportunities 

The lower installation cost of hydroponics technology will offer robust opportunities for the market during the forecast period. The growing conditions of hydroponics technology can be monitored consistently and controlled for ensuring correct chemical composition for better growth. This uses less water over traditional farming techniques and does not use soil, thus eliminating pests, weeds, and others and also cut down labor costs. Besides, there are no limitations to set up a hydroponics system on rural agricultural land that will improve its accessibility and also eliminate the need for complex distribution network.

COVID-19 Analysis 

The COVID-19 outbreak possessed a positive impact on the global vertical farming market. The pandemic bolsters the demand for locally-grown greens, boosting the need for vertical farming. Investors are finding this business attractive for the farms offering organic vegetables and fruits while consuming less water as well as per unit area of land over conventional farming. Short supply chain systems, localization, and increased production capacity prove in being more robust during the current crisis.

 

Market Segmentation 

Hydroponics segment by technology will dominate the market over the forecast period.

Building-based indoor vertical farming by structure will lead the market over the forecast period.

Tomato by crop type will spearhead the market over the forecast period.

Browse Complete Report @ https://www.marketresearchfuture.com/reports/vertical-farming-market-2779

Regional Analysis 

 North America to Command Vertical Farming Market 

 North America will command the vertical farming market over the forecast period. The growing need for rich quality fresh and organic food, legalization of the use of Cannabis in the US and Canada, increasing investments to bring developments and technological advances, the need for food supply against the growing population, non-governmental organizations and governments promoting vertical farming owning to its multiple benefits concerning food security, decreasing arable land in this region, the growing popularity of organic foods, adoption of new technological solutions, rising employment generation, and increasing population are fuelling the vertical farming market growth in the region. 

Read More @

Global Accelerator Card Market By Accelerator Type Forecast (2017-2025)         

North America Smart Home and Office Market By End-User Forecast (2015-2025)           

North America Smart Home and Office Market By Standard Forecast (2015-2025)           

North America Walkie Talkie Market By Type Forecast (2017-2025)        

North America Walkie Talkie Market By Ownership Forecast (2017-2025)          

Contact us:

Market Research Future®,

99 Hudson Street,

 5Th Floor,

New York, New York 10013,

United States of America

Phone: +1 628 258 0071(US),+44 2035 002 764(UK)

Email: sales@marketresearchfuture.com

 

 

 

 

 

Реклама
Поиск
Реклама
Категории
Больше
Бизнес
Thermal Interface Pads & Materials Market Trends, Price, Size, Share, Growth, Analysis, Report, Forecast 2023-2029
Global Thermal Interface Pads & Materials Market size was US$ 2.80 Bn. in 2022...
От Preeti Mmr 2024-05-03 08:15:43 0 403
Разное
Aape Bape:探索時尚潮流的新境界
在當今瞬息萬變的時尚界,aape...
От Jikk Jikk 2024-10-22 09:13:19 0 0
Красота, здоровье
Vascular Patches Market Share, Opportunities, Current Scope, Emerging Trends, and Revenue Estimation With forecast till 2030
The global Vascular Patches Market is expected to reach USD 6.1 Bn by the end of 2022, growing at...
От SHWETA Shweta 2023-07-25 08:21:31 0 762
Кино
"Future of Chloroform Market: Moderate Growth Anticipated by 2030 with 2.56% CAGR"
Chloroform Market was valued at US$ 7.68 Bn. in 2023. The Chloroform Market size is...
От Rishikesh Mmr 2024-05-22 06:09:45 0 487
Разное
Functional Safety Market Insights: Strategic Analysis and Future Predictions 2024-2030
Functional Safety Market Overview: Maximize Market Research, a Functional...
От Rajnandini Kulkarni 2024-08-05 09:58:27 0 178