Vertical Farming Market to Reach $24.11 Billion, Globally, By 2030 at 22.9% CAGR: Allied Market Research

Portland, ore.And January 13, 2022 /PRNewswire/ – Allied Market Research recently published a report, Vertical Farming Market by Structure (Building-based Structure and Container-Based Structure), Growth Mechanism (Hydroponics, Aeroponics, Aquaponics), and Component (Irrigation Component, Lighting, Sensors, Climate Control, Building Materials, etc.): Global Opportunity Analysis and Industry Outlook, 2021-2030″. According to the global report vertical farming industry happened 3.24 billion dollars In 2020, it is expected to reach $24.11 billion By 2030, record a Compound annual growth rate of 22.9% From 2021 to 2030.

Drivers, limitations and opportunities

Maximum utilization of vertical space and balanced use of energy, convenience in monitoring and harvesting crops, and limited arable land for conventional farming are fueling the growth of the global vertical farming market. However, high initial investments limit market growth. On the other hand, the rise in popularity of organic foods creates new opportunities in the coming years.

Download Report Sample (Get Full Insights in PDF – 264 Pages) @ https://www.alliedmarketresearch.com/request-sample/2288

COVID-19 scenario:

  • Due to the shortage of workers, the vertical farming market has been greatly affected. However, vertical farming based on masonry has been affected in a positive way.
  • Due to lockdown restrictions, manufacturing usage has fallen, travel bans, and facility closures, the electronics and semiconductor sector has been disrupted. This has reduced manufacturing activities and supplying electronic equipment such as sensors, lighting and other activities needed to carry out vertical farming activities.

The shipping container vertical farm sector is growing at the fastest compound annual growth rate

Depending on the structure, the shipping container-based vertical farm sector is expected to witness Largest compound annual growth rate of 25.2% From 2021 to 2030, due to lower cost and time for intensive construction compared to conventional farming. However, the construction-based vertical farm sector occupied the largest share in 2020, accounting for more than half of the global vertical farming market, and is expected to maintain its leadership position during the forecast period. This is due to the high demand in dense urban environments and the trends of current farming technologies and projects.

Get a detailed analysis of the impact of COVID-19 on the vertical farming market @ https://www.alliedmarketresearch.com/request-for-customization/2288?

The hydroponics sector continues to lead in terms of revenue during the forecast period

Based on the growth mechanism, the hydroponics segment captured the highest share in 2020, contributing more than two-fifths of the global vertical farming market, and is expected to continue its leadership in terms of revenue during the forecast period. This is attributed to the ongoing developments catering to the needs of indoor farmers. However, the aerodynamic sector is estimated to exhibit the fastest compound annual growth rate of 24.0% from 2021 to 2030, due to its eco-friendly nature, high crop yields, and high investments from the major players.

Asia Pacific, followed by North America, to continue its dominant share by 2030

based on the area, Asia Pacific, followed by North America, at the highest share in 2020, accounting for nearly half of the global vertical farming market, and is estimated to continue its dominant share by 2030. This is attributed to the increased demand for organic foods. However, Europe It is expected to register the largest compound annual growth rate of 25.3% during the forecast period, due to the increase in construction of Controlled Ecological Agriculture (CEA) facilities.

Interested in getting data? For inquiries here @ https://www.alliedmarketresearch.com/purchase-enquiry/2288

Leading market players

  • 4D Bios Inc.
  • Farming
  • Aerofarms
  • Everlight Electronics Co., Ltd.
  • Amhydro (American hydroponics)
  • Illumitex Company
  • Hurt Americas
  • Urban Crop Solutions
  • Royal Philips Nevada
  • Sky Greens

Access to AVENUE – Subscription-Based Library (Premium On-Demand, Subscription-Based Pricing Model) @ https://www.alliedmarketresearch.com/library-access

Avenue is a user-based library of the global market reports database, providing comprehensive reports relating to the world’s largest emerging markets. It also provides electronic access to all available industry reports at a glance. Providing essential business insights into diverse industries, economies and end users around the world, Avenue ensures that registered members have an easy and single portal to their all-inclusive requirements.

Avenue Library Subscription | Request a 14-day free trial before purchasing:
https://www.alliedmarketresearch.com/avenue/trial/starter

Similar reports:

Smart Greenhouse Market . is expected to arrive $3.23 billion by 2027

Aeroponics market is expected to arrive 3.53 billion dollars by 2026

The agricultural drone market is expected to reach 5.89 billion dollars by 2030

Aeroponics North America Agriculture Market For Growth $759.4 million by 2025

LED lights market is expected to grow $12.32 billion by 2030

Terrain Robot Market Is Expected To Arrive $1.43 billion by 2030

The smart irrigation market is expected to increase $5.57 billion by 2030

The video surveillance market is expected to grow 144.85 billion dollars by 2027

Pre-book now with 10% off:

Indoor Agricultural Robots Market: Global Opportunity Analysis and Industry Forecast 2021-2030

Agricultural Robots Market: Global Opportunity Analysis and Industry Forecast 2021-2030

about us:

Allied Market Research (AMR) is a full-service market research and business advisory subsidiary of Allied Analytics LLP, headquartered in Portland, Oregon. Allied Market Research provides global organizations as well as medium and small businesses with unparalleled quality of Market Research Reports and Business Intelligence Solutions. AMR has a targeted viewpoint to provide business insights and consultancy to help its clients make strategic business decisions and achieve sustainable growth in their market space.

pawan kumar, CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional institutional relationships with many companies and this helps us extract market data that helps us in creating accurate research spreadsheets and assures the utmost accuracy in our market forecasts. All the data presented in the reports published by us are extracted through preliminary interviews with senior officials from the leading companies in the respective field. Our methodology for acquiring secondary data includes in-depth online and offline research and discussions with industry knowledgeable professionals and analysts.

Call:
David Correa
5933 NE Win Sivers Drive
#205, Portland, or 97220
United States of America
United States of America/ Canada (toll-free):
1-800-792-5285, 1-503-894-6022
United Kingdom: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1 (855)550-5975
[email protected]
Web: https://www.alliedmarketresearch.com
Follow us LinkedIn And Twitter

SOURCE Allied Market Research

.

Leave a Comment