The global Vertical Farming market size is projected to reach USD 9.9 billion by 2026 at a CAGR of 25.2% from USD 3.8 billion in 2021 during the forecast period 2021-2028.
The vertical farming market is primarily dominated by the building-based vertical farms’ phase as leading corporations within the market are concerned during this form of farming. Building-based vertical farms generate higher per sq. ft. revenue than shipping container-based vertical farms, because the former uses lesser capital and incurs lower in operation expenses (for identical area).
Advancements in crystal rectifier (LED) technology and high yield related to vertical farming over standard farming are a number of the factors that have supported semi-permanent growth for Vertical Farming market.
The market is seeing a decline due to the closure of multiple SMEs, provision disruptions, lockdowns, and different issues arising due to the Covid-19 pandemic. The pandemic has compelled governments worldwide to shift their focus and defrayal to the health care sector. The demand from finish users conjointly declined considerably throughout 2020.
In Asia Pacific, the companies involved in vertical farming are investing and expanding their operations in other countries.
Insights are provided for each region and major countries within the regions
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Report Feature |
Descriptions |
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Market Revenue In 2021 |
USD 3.8 billion |
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Growth Rate |
CAGR of 25.2% during the forecasting period, 2021-2028 |
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Historical Data |
2018-2019 |
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Forecast Years |
2021-2028 |
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Base Year |
2020 |
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Units Considered |
Revenue in USD million and CAGR from 2021 to 2028 |
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Report Segmentation |
Growth Mechanism, Structure, and Geography |
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Report Attribute |
Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling |
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Regional Level Scope |
North America, Europe, Asia-Pacific, South America, and Middle East and Africa |
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Country Level Scope |
U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe) |
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Companies Profiled |
Signify, Osram, Freight Farms, AeroFarms, sky Greens, Spread, Plenty, Valoya, Everlight Electronics, Heliospectra AB |
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Available Customization |
In addition to the market data for Vertical Farming Market, Delvens offers client-centric report and customized according to the company’s specific demand and requirement. |
Vertical Farming Market is segmented into growth mechanism, structure, and geography.
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