Latest Research Shows a Promising Vertical Farming Market Ahead

The global market for vertical farming is estimated to grow to $10.5 billion by 2026

April 07, 2022

WELLESLEY, Mass., April 07, 2022 – Onset by various worldwide issues, including a rapidly growing population and food security, unsustainable agriculture production methods, and supply chain issues, the farming industry increasingly looks to adopt vertical farming as a solution. BCC Research’s latest Vertical Farming Market Report reveals:

• The global market for vertical farming is estimated to grow from $3.7 billion in 2021 to $10.5 billion by 2026, at a compound annual growth rate (CAGR) of 23.4% during the forecast period of 2021-2026.
• North America continues to be the leading region for vertical farming; however, the demand is rising throughout the rest of the world in order to combat global concerns of sustainability, a growing population, resource scarcity, and world hunger.
• Hydroponic technique has a significant share in the vertical farming market.

Vertical Farming on Demand Worldwide

According to BCC Research’s insight leaders, North America leads the vertical farming market, with a large number of players having access to the most sophisticated and advanced vertical farm technology readily available. The rising awareness among the population for healthy and organic food consumption further augments the adoption of vertical farming in the North American region.

The demand for worldwide vertical farming has risen as most countries focus on environmental sustainability, conservation of resources, and food security. Additionally, the widespread outbreak of COVID-19 has been a catalyst for vertical farm adoption across the globe. It has acted as awareness for countries to become more self-reliant on food production and availability, especially those with a large food import structure. The growing awareness of the importance of healthy food and minimizing pollution from farming activities, such as CO₂ emissions and others, will further act as a catalyst for the growth of the vertical farming market as a sustainable solution.

Explore the full report here, and for further information or to purchase the report, please contact us at info@bccresearch.com.

Vertical Farming: Global Markets to 2026( IAS183A )
Publish Date: Nov 2021    

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