Vertical Farming Market by Structure (Building-Based Vertical Farms, Shipping Container Vertical Farms), by Component (Irrigation Component, Lighting, Building Material, Sensor, Climate Control), by Geographic Scope and Forecast

May 2021| VMR2433B| Verified Market Research

Report Highlights

Vertical Farming Market Size And Forecast

Vertical Farming Market was valued at USD 3.12 Billion in 2020 and is projected to reach USD 16.77 Billion by 2027, growing at a CAGR of 23.28% from 2020 to 2027.

Global Vertical Farming Market Overview

With the increasing advancements in technology, factors such as automation and the implementation of artificial intelligence in various industry vectors are leading to an increased rate of urbanization. The concept of vertical farming has been developed on the basis of its potential to provide large populations concentrated in urban areas with locally grown food and to meet the demands of an ever-growing worldwide population. Due to the challenges and costs of transporting fresh crops to larger cities, urban farmers have realized the potential in utilizing existing square meters in tall city buildings and producing crops locally.

Moreover, other factors such as growing demand for high-quality food without any pesticides or herbicides, an independent farming technique with very less impact of climatic conditions and the possibility of growing vegetables and fruits in a limited space have been driving the market for the global vertical farming market. On the other hand, high initial investments, lacking technical knowledge and a limited variety of crops grown might hamper the overall market.

Global Vertical Farming Market Segmentation Analysis

The Global Vertical Farming Market is segmented based on Structure, Component, Growth Mechanism, and Geography.

Key Players in Vertical Farming Market

The Global Vertical Farming Market study report will provide a valuable insight with an emphasis on the global market. The major players in the market are Signify, AeroFarms LLC, Sky Greens PTE. LTD., Illumitex Inc., Everlight Electronics Co.Ltd., American Hydroponic Systems Inc., Vertical Farm Systems, Hort Americas, LLC. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Verified Market Research has been providing Research Reports, with up to date information, and in-depth analysis, for several years now, to individuals and companies alike that are looking for accurate Research Data. It has large database which includes the latest content from renowned authors and publications worldwide. It also provides customized Data and Reports according to the need of the client.

Similar Reports from Verified Market Research

Global Vertical Farming Market

  • Date - Apr 2020
  • Code - VMR2433A

Vertical Farming Market Size And Forecast
Vertical Farming Market was valued at USD 2.51 Billion in 2018 and is projected to reach USD 13.04 Billion by 2026, growing at a CAGR of 22.75% from 2019 to 2026.

Verified Market Research
Price: $3750

Become a Member

Already a member? Login here.

Have a Question? Ask Us.

Why BCC Research?

Every purchase provides access to:

  • Thousands of recently published reports from select publishers
  • Member Discounts of up to 50% on over 20,000 additional reports from all publishers
  • Our analysts and research concierge for all inquiries
Custom Research

Need a custom data table, graph or complete report? Tell us more.