Future Vertical Agriculture Market Growth, Key Countries Data, Dynamics, Company Growth and Forecast 2027
Vertical Agriculture Market Size – USD 2.90 Billion in 2019, Market Growth – 20.1% CAGR
VANCOUER, BC, CANADA, Nov. 16, 2021 /EINPresswire.com/ – The global vertical farming market will be worth $ 11.71 billion by 2027, according to a current analysis by Emergen Research. The growth of this market can be attributed to the increasing demand for organic food products among consumers. Growing environmental concerns such as the depletion of soil and groundwater quality following the application of chemical solutions have increased the adoption of the vertical farming system.
The latest report, titled âGlobal Vertical Agriculture Market,â published by Emerging Research, is expected to experience a substantial growth rate during the forecast period 2020-2027. details on the competitive landscape and profiles of key companies operating in the business.
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Highlights of the report
In March 2020, expansion of the collaboration between Signify and Planet Farms, a vertical farm operator based in Italy, Europe. The collaboration is expected to improve crop quality and yield with the help of Philips GreenPower LED production.
Vertical farms based on sea containers held the largest market share of 63.5% in 2019 due to the scarcity of arable land. In addition, the ease of transportation and reduced land requirements for the installation of the sea container are expected to drive the growth of the segment.
The hydroponics segment is expected to grow with the fastest CAGR of 20.2% during the forecast period due to ease of use and low installation cost.
Key companies in the vertical agriculture market include:
Freight Farms, Signify, Osram, Aerofarms, BrightFarms, Everlight Electronics, HELIOSPECTRA AB, Illumitex, Inc., AGRICOOL and SKY GREENS, among others.
Global Vertical Agriculture Market Scenario 2027
The Global Vertical Agriculture Market report presents comprehensive information covering relevant data for businesses and investors for the period 2027. The report studies historical data of the Vertical Agriculture market and offers valuable information on the segments and under -Key segments, revenue generation, demand and supply scenario, trends and other vital aspects. The report offers an accurate forecast estimate of the vertical agriculture market on the basis of recent technological advancements and research.
To read the full vertical farming market reports @ https://www.emergenresearch.com/industry-report/vertical-farming-market
Scope of the report: Vertical agricultural market
Based on in-depth analysis, the research also sheds light on major facts regarding vital aspects such as market share, size and growth rate. A deep dive into other aspects, including investment feasibility, demand and supply, import and export status, supply chain management and growth prospects, says a lot about this at What will the business environment look like for the forecast period, 2020 – 2027. All vital statistics in the report are explained using resources such as tables, charts and informational charts.
Performance by region of the industry Vertical agricultural market
The forecast of the North America vertical farming market is expected to remain significantly positive in terms of revenue share between 2020 and 2028. In addition, the revenue share of the North America vertical farming market is expected to remain comparatively higher. larger than that of other regional markets from 2020 to 2028.
Asia-Pacific registered the fastest revenue CAGR in 2020, and vertical agriculture market forecast indicates that this trend is expected to continue. Market forecast indicates that the revenue share contribution of China, India and South Korea is expected to remain robust through 2028.
The forecast for the vertical agriculture market in Europe is currently positive, with revenue growth expected to remain stable between 2020 and 2028. A strong focus on research and development initiatives of large companies and changing trends and demographics in the countries of the region are factors that should continue to support Vertical Growth of the agricultural market.
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Our free sample report includes:
Research report (inclusion of updated research)
Provide chapter-by-chapter guidance on demand
Regional analysis updated in 2021 with graphical representation of size, share and trends
Includes updated list of table and figures
2021 Updated Report Introduction, Overview and In-Depth Industry Analysis COVID-19 Outbreak Impact Analysis Included
The research provides answers to the following key questions:
What strategies are major vendors adapting to stay ahead of their competition?
What major trends are impacting the development of the Vertical Agriculture market globally?
What factors can hinder, challenge or even restrict the expansion of the Vertical Agriculture Market globally?
What will be the market size and growth rate of the Vertical Agriculture market for the forecast period 2020-2027 across different regions?
What are the main driving forces expected to shape the future of industry around the world?
What are the future opportunities or prospects for business owners operating in the market for the forecast period, 2020 – 2027?
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Key Objectives of the Vertical Agriculture Market report:
Examine the size of the Global Vertical Agriculture Market based on the parameters of value and volume.
Accurately calculate market shares, consumption, and other essential aspects of different segments of the global Vertical Agriculture Market.
Explore the underlying dynamics of the global vertical agriculture market.
Highlight the significant trends in the global vertical agriculture market based on factors such as production, revenue and sales.
Thoroughly introduce the major players in the Global Vertical Agriculture Market and show how they compete in the industry.
Chapter 1. Methodology and sources
1.1. Market definition
1.2. Scope of research
1.4. Research sources
1.4.3. Paid sources
1.5. Market estimation technique
Chapter 2. Executive summary
2.1. Summary overview, 2019-2027
Chapter 3. Key information
Chapter 4. Vertical Agriculture Market Segmentation and Impact Analysis
Chapter 5. Vertical Agriculture Market by Structure Insights and Trends, Revenue (Million USD), Volume (Kilo Tons)
Chapter 6. Vertical Agriculture Market by Growth Mechanisms Insights & Trends Revenue (Million USD), Volume (Kilo Tons)
Chapter 7. Vertical Agriculture Market by Offering Information and Trend Revenue (Million USD), Volume (Kilo Tons)
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