As per the report by Allied Market Research, Titled ”Vertical Farming Market by Structure (Building-based Structure and Container-based Structure), Growth Mechanism (Hydroponics, Aeroponics, and Aquaponics), and Component (Irrigation Component, Lighting, Sensor, Climate Control, Building Material, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030”.
The vertical farming market size was valued at $3.24 billion in 2020, and is projected to reach $24.11 billion by 2030, registering a CAGR of 22.9%.
The global vertical farming market is expected to witness substantial growth from 2022 to 2031. Rapid technological innovations and increase in demand are the major factors that propel the growth of the market. The vertical farming market study offers an in-depth analysis of the major market trends, driving factors, top 10 market players, and prime investment pockets.
𝑪𝒍𝒊𝒄𝒌 𝑯𝒆𝒓𝒆 𝑹𝒆𝒒𝒖𝒆𝒔𝒕 𝑭𝒐𝒓 𝑷𝑫𝑭 ➡ https://www.alliedmarketresearch.com/request-sample/2288
The vertical farming market report provides a comprehensive study of the market on the basis of various parameters such as sales, market size, sales analysis, and key driving factors. In addition, the report provides Porter’s five forces analysis, SWOT analysis, a business overview of services and products, and portfolio and financial analysis. These statistical tools offer vital information about major market players and aid leverage of lucrative opportunities in the market. The report helps industry players and new industry entrants to formulate fruitful business strategies.
Key Market Segments Includes:
• By Structure
o Building-based Vertical Farms
o Container-based Vertical Farms
• BY Growth mechnism
o Hydroponics
o Aeroponics
o Aquaponics
• By Component
o Irrigation Component
o Lighting
o Sensor
o Climate Control
o Building Material
o Glass greenhouse
o Plastic greenhouse
o Others
In 2020, the vertical hydroponics segment accounted for the highest share of USD 1,329. Also, the vertical hydroponics dominates the growth mechanism segment in the global vertical farming market share. The aeroponics segment, however is expected to have the highest CAGR of 24.0% throughout the forecast period. Furthermore, among various components used in vertical farming, the climate control component segment is expected to grow at a significant CAGR of 26.6%, due to rise in concerns among growers to restrict the influence of climate, which causes crop yield loss.
Based on growth mechanism, the hydroponics segment accounted for the highest share in 2020, contributing to more than two-fifths of the global vertical farming market, and is expected to continue its lead in terms of revenue during the forecast period. This is attributed to ongoing developments that cater to casual indoor growers. However, the aeroponics segment is estimated to portray the fastest CAGR of 24.0% from 2021 to 2030, owing to its environment-friendly nature, high yield of crops, and high investments from key players.
The vertical farming market is analyzed on the basis of geographical penetration along with a study of market influence in the various regions such as North America (United States, Canada, and Mexico), Europe (Germany, France, UK, Russia, and Italy), Asia-Pacific (China, Japan, Korea, India, and Southeast Asia), South America (Brazil, Argentina, Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa).
The global vertical farming market report includes a detailed study of major market players such as 4D Bios Inc., AeroFarms, Agrilution, AMHYDRO (American Hydroponics), Everlight Electronics Co., Ltd., Hort Americas, Illumitex Inc., Koninklijke Philips N.V., Urban Crop Solutions, and Sky Greens along with inclusive information on their company description, market share, key developments, and financial breakdown. The competitive analysis of these companies offers a business overview along with a portfolio analysis of their services and products. These market players have adopted several business strategies such as mergers & acquisitions, joint ventures, new product launches, and collaborations to maintain their foothold in the market.
The Interested Potential Key Market Players Can Enquire for the Report Purchase at: https://www.alliedmarketresearch.com/purchase-enquiry/2288
The report offers a comprehensive analysis of the dynamic driving and restraining factors, along with the study of major challenges and lucrative opportunities. Furthermore, the report provides a SWOT analysis that aids to gain the driving and restraining factors in the industry. The report highlights market segmentation and the study of prime market players. Furthermore, the report includes an in-depth analysis of the Covid-19 outbreak impact on the global vertical farming market. The global vertical farming market report offers a brief overview of the market and highlights the market definition and scope.
Key Benefits for Stakeholders
• This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the operating room equipment market analysis from 20WW to 20MM to identify the prevailing operating room equipment market opportunities.
• The market research is offered along with information related to key drivers, restraints, and opportunities.
• Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
• In-depth analysis of the operating room equipment market segmentation assists to determine the prevailing market opportunities.
• Major countries in each region are mapped according to their revenue contribution to the global market.
• Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the vertical farming market players.
• The report includes the analysis of the regional as well as global operating room equipment market trends, key players, market segments, application areas, and vertical farming market growth strategies.
COVID-19 Scenario:
The current pandemic has adversely affected many sectors and one of the worst hit industries of digital pen market. The investors, end customers, and suppliers have been affected. The management has been facing hard time in getting the operations back on track along with motivating the employees and providing relative benefits to the customers. It will surely take some time for the things to get back to normal. In this scenario, it is important for the stakeholders to analyze the industry’s strength, weaknesses, threats, and opportunities to make sound decisions for the future.
The report includes a comprehensive analysis of the impact of the Covid-19 pandemic on the industry. The prolonged lockdown across the market and strict regulations on international trade have a major impact on the global vertical farming market. The Covid-19 pandemic led to the disruption of the supply chain and value. In addition, the Covid-19 pandemic resulted in increased prices of raw materials and led to a shortage of skilled workforce. The vertical farming market report offers consumer preferences, trends, and budget impact on the market due to the Covid-19 pandemic.
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