Le Lézard
Classified in: Covid-19 virus

Global Vertical Farming Market Report 2023: Accelerating Investment into Vertical Farming Bolsters Growth - ResearchAndMarkets.com


The "Global Vertical Farming Market (by Mechanism, Structure, Crop Type & Region): Insights & Forecast with Potential Impact of COVID-19 (2023-2027)" report has been added to ResearchAndMarkets.com's offering.

The global vertical farming market is expected to record a value of US$15.43 billion, growing at a CAGR of 24.13%, for the time period of 2023-2027.

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

Key Target Audience

Key Topics Covered:

1. Market Overview

2. Impact of COVID-19

3. Global Market Analysis

4. Regional Market Analysis

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

Companies Mentioned

For more information about this report visit https://www.researchandmarkets.com/r/6j5yzv

About ResearchAndMarkets.com

ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.


These press releases may also interest you

at 06:15
CNFinance Holdings Limited ("CNFinance" or the "Company"), a leading home equity loan service provider in China, today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2023. Fourth Quarter 2023...

at 06:05
3EO Health, a "Point of Life" diagnostics company focused on the development of high-performing low-cost molecular diagnostics, is excited to announce the next step in their quest to make molecular testing affordable. Today, the company has published...

at 06:05
Zura Bio Limited ("Zura Bio") a clinical-stage immunology company developing novel dual-pathway antibodies for autoimmune and inflammatory diseases, today reported full year 2023 financial results and recent business highlights. The Company has also...

at 06:05
REX American Resources Corporation ("REX" or the "Company") , a leading ethanol production company, today announced financial and operational results for the Company's full year and fiscal fourth quarter 2023. REX American Resources' Q4 and full...

at 03:00
Caledonia Mining Corporation Plc ("Caledonia" or the "Company")  announces its operating and financial results for the year ended December 31, 2023 (the "Year"). Further information on the financial and operating results for the Year and the quarter...

at 00:01
In advance of the upcoming NAB 2024 show, fan-streaming trailblazer Attention Seekers announced that it has selected Eluvio to provide the back-end technology platform for its next-generation Keystream service, a private press streaming service...



News published on and distributed by: