Global Vertical Farming Market Insights & Forecast 2024-2028, with Profiles of Leading Players AeroFarms, Spread Co., Infarm, Plenty, Gotham Greens and Bowery Farming - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Global Vertical Farming Market (by Mechanism, Structure, Crop Type & Region): Insights & Forecast (2024-2028)" report has been added to ResearchAndMarkets.com's offering.

The global vertical farming market is expected to record a value of US$19.06 billion, growing at a CAGR of 24.08%, for the time period of 2024-2028.

Factors such as growing global population, accelerating investment into vertical farming, decline in agriculture land area, rising risk of water scarcity, growing problem of deforestation and rapid urbanization would drive the growth of the market. However, the market growth would be challenged by maintenance of temperature, humidity and air circulation in a vertical farm, lack of technically skilled workforce and heavy initial investment costs in vertical farms.

A few notable trends may include rising penetration of vertical farming, adoption of artificial intelligence, reduction in environmental impact in vertical farming and high yield associated with vertical farming.

Based on mechanism, the global vertical farming market is segmented into Hydroponics, Aquaponics and Aeroponics. Hydroponics accounts for majority of the global market share. Hydroponics grows plants without soil, where the soil is replaced by a mineral solution inserted around the plant roots, leading to the production of pesticides free food. Owing to such a factor hydroponics would continue to remain dominant in the global market over the forecast period.

The fastest growing regional market was North America due to the factors such as alarming rate of water level depletion, the presence of drought-stricken states, and an increase in environmental concerns.

Europe and Asia Pacific also played substantial role in the development of agriculture technology, which helped them to capture significant shares in the global vertical farming market.

Scope of the report

• The report provides a comprehensive analysis of the global vertical farming market.
• The major regions (North America, Europe, Asia Pacific, Middle East & Africa and South America) in the mobile gaming market have been analyzed.
• The market dynamics such as growth drivers, market trends and challenges are analyzed in-depth.
• The company profiles of leading players - AeroFarms, Spread Co., Infarm, Plenty, Gotham Greens and Bowery Farming - are also presented in detail.

Key Topics Covered:

1. Market Overview

1.1 Introduction

1.2 Difference Between Vertical Farming & Traditional Farming

1.3 Advantages of Vertical Farming

1.4 Drawbacks of Vertical Farming

1.5 Mechanism of Vertical Farming

1.6 Main Component of Vertical Farming

1.7 Vertical farming Vs. Greenhouse

1.8 Use of Technology in Vertical Farming

2. Impact of COVID-19

2.1 Disruption in Food Supply Chain

2.2 Role of Plant-Based Diet during COVID-19

3. Global Market Analysis

3.1 Global Vertical Farming Market by Value

3.2 Global Vertical Farming Market Forecast by Value

3.3 Global Vertical Farming Market by Mechanism

3.4 Global Vertical Farming Market by Structure

3.5 Global Vertical Farming Market by Crop Type

3.6 Global Vertical Farming Market by Region

4. Regional Market Analysis

4.1 North America

4.2 Europe

4.3 Asia Pacific

4.4 Middle East & Africa

4.5 South America

5. Market Dynamics

5.1 Growth Drivers

5.1.1 Growing Global Population

5.1.2 Accelerating Investment into Vertical Farming

5.1.3 Decline in Agriculture Land Area

5.1.4 Rising Risk of Water Scarcity

5.1.5 Growing Problem of Disforestation

5.1.6 Rapid Urbanization

5.2 Key Trends & Developments

5.2.1 Rising Penetration of Vertical Farming

5.2.2 Adoption of Artificial Intelligence

5.2.3 Reduction in Environmental Impact in Vertical Farming

5.2.4 High Yield Associated With Vertical Farming

5.3 Challenges

5.3.1 Maintenance of Temperature, Humidity and Air Circulation in a Vertical Farm

5.3.2 Lack of Technically Skilled Workforce

5.3.3 Heavy Initial Investment Costs in Vertical Farms

6. Company Profiles

6.1 AeroFarms

6.2 Spread Co.

6.3 Infarm

6.4 Plenty

6.5 Gotham Greens

6.6 Bowery Farming

For more information about this report visit https://www.researchandmarkets.com/r/n02svo

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