Vertical Farming Market Overview
The Vertical Farming Market revenue has been estimated at USD and is projected to grow at a CAGR of % during the forecast period. Growing an adequate amount of healthy food in traditional farming is a big challenge. Protecting crops from bad weather, rapid urbanization, and industrialization, and lack of cultivable farming land are big problems for traditional farming.
According to analysts, the adoption of integrated management as well as ongoing technological research and development will drive the market growth during the forecast period. The Vertical Farming market research report offers a comprehensive analysis of the global Vertical Farming market and its crop type, mode of application, region, technology, and type segments. The price volatility along with the unorganized market are the elements that could influence the Vertical Farming-market advancement throughout the forecast period. The Vertical Farming-market research report by expert analysts is developed to assist organizations in the Vertical Farming market.
Key Factors Impacting Market Growth:
- Rising demand for high-quality food without herbicides and pesticides
- Independent farming techniques with less impact of climate conditions
- Limited space for growing vegetables and fruits
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Vertical Farming Market Competitive Landscape
The expansion and commercialization of agricultural activities are presumed to drive the Vertical Farming market growth worldwide. The global Vertical Farming market could be challenged by unorganized distribution channels, nevertheless, organizations in the Vertical Farming market will carry the growth rate forward. The Vertical Farming market research report presents company profiles of major companies active in the Vertical Farming market globally. Players Koninklijke Philips N.V., Sky Greens Pte. Ltd, AeroFarms LLC, Everlight Electronics Co. Ltd, Illumitex Inc, Hort Americas, Agrilution GmbH, Urban Crop Solutions Inc., American Hydroponics Systems Inc., and Vertical Farm Systems.
Vertical Farming Market Segmentation
The global Vertical Farming market has been segmented based on crop type, mode of application, region, technology, and type. On the basis of crop type, the market for Vertical Farming is segmented based on herbicides, insecticides, fungicides, and others. Additionally, the market on the basis of mode of application, is segmented into fertigation, foliar spray, and others. The global market for Vertical Farming is also covered based on the technology segment which is further split into physical, physio-chemical, chemical. On the basis of type, the market for Vertical Farming is segmented based on cereals & grains, oilseeds & pulses, fruits & vegetables, and others. Segmentation By Crop Type (Spinach, Cucumbers, Tomatoes, Strawberries, Pomegranates, Lettuce, Peppers, Broccoli, and Others), By Mechanism Type (Aeroponics, Aquaponics, and Hydroponics), By Structure Type (Building-based and Shipping Container), By Offering Type (Hardware, Software, and Services).
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Vertical Farming Market Regional Overview
North America, Europe, Asia Pacific and the rest of the world regional market for Vertical Farming are predominantly covered in the global Vertical Farming market research report. Country-level Vertical Farming markets spread across North America – the United States, Canada, and Mexico are also covered in the report. In South America – Brazil and other country-level Vertical Farming markets are covered in the report. In Asia-Pacific (APAC) region, the country-level Vertical Farming markets covered are Japan, India, China, and others. The Vertical Farming market research report also explores the regional market for Vertical Farming present in Europe in the United Kingdom, France, Italy, Spain, and Germany, etc. The Vertical Farming market research report also covers regional markets from the rest of the world alongside Vertical Farming markets of Africa and the Middle East.
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Industry News
The outdoor use of neonicotinoid pesticides, which damage pollinating insects such as bees, was banned by the EU in 2018. But the government allowed the emergency use of
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