According to the report published by Allied Market Research, the global vertical farming market accounted for $12.77 billion in $2.23 billion in 2018 and is expected to garner $12.77 billion by 2026, growing at a CAGR of 24.6% from 2019 to 2026.
Increased utilization of vertical space & balanced energy utilization, ease provided for crop monitoring and harvesting, and limited availability of arable land for conventional agriculture have boosted the growth of the global vertical farming market. However, the high initial investment and development phase of technologies hamper the market growth. On the contrary, surge in urban population and rise in adoption of organic foods are expected to create lucrative opportunities in the near future.
Download PDF Sample: https://www.alliedmarketresearch.com/request-sample/2288
The global vertical farming market is segmented on the basis of component, structure, growth mechanism, and geography. Based on component, the market is segment is divided into irrigation components, lighting, sensor, climate control, building material, and others.
On the basis of structure, the market is categorized into building-based vertical farms and container-based vertical farms. The shipping container-based vertical farms segment is anticipated to register the fastest CAGR of 28.1% from 2019 to 2026. However, the building-based vertical farms segment dominated the market in 2018, contributing to nearly three-fifths of the total share.
Based on growth mechanism, the market is bifurcated into hydroponics, aeroponics, and aquaponics. The aeroponics segment is projected to register the fastest CAGR of 25.6% during the forecast period. However, the hydroponics segment held the lion’s share in 2018, contributing to two-fifths of the market.
The global vertical farming market is analyzed across various regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across Europe is expected to manifest the fastest CAGR of 26.0% during the study period. However, the market across the Asia-Pacific region held the largest share in 2018, accounting for half of the market.
Enquire For Discount: https://www.alliedmarketresearch.com/purchase-enquiry/2288
Money Makers:
The global vertical farming market report includes an in-depth analysis of the major market players such as:
- AeroFarms
- 4D Bios Inc.
- AMHYDRO (American Hydroponics)
- Agrilution
- Hort Americas
- Everlight Electronics Co., Ltd.
- Koninklijke Philips N.V.
- Illumitex Inc.
- Urban Crop Solutions
- Sky Greens
Avenue, a user-based library of global market report database, provides comprehensive reports pertaining to the world’s largest emerging markets. It further offers e-access to all the available industry reports just in a jiffy. By offering core business insights on the varied industries, economies, and end users worldwide, Avenue ensures that the registered members get an easy as well as single gateway to their all-inclusive requirements.
Top Trending Reports:
About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact Us:
David Correa
5933 NE Win Sivers Drive 205, Portland, OR 97220 United States
USA/Canada (Toll Free):
1-800-792-5285, 1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@ alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com