MMR provides a research for the Vertical Farming Market that covers a variety of topics related to general business information and future industry developments, all supported by rigorous assessment and analysis. The researcher has forecasted data for the given timeframe (2023-2029) using top-down and bottom-up methodologies, using both primary and secondary data. This study approach was used to examine the world's demand for helium, and the results are methodically presented in this paper.

Vertical Farming Market Growth :

Vertical Farming Market was valued at USD 22.19 Billion in 2022, and it is expected to reach USD 15.78 Billion by 2029, exhibiting a CAGR of 18.6 % during the forecast period (2023-2029)

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Vertical Farming Market Segmentation:

Global Vertical Farming Market, by Growth mechanism type (2022-2029)

• Hydroponic
• Aeroponic
• Aquaponic

The hydroponics segment, according to Growing Mechanism, had the biggest revenue share of more than 50.0% in 2022 and is anticipated to continue to hold a commanding position throughout the projection period. Hydroponics is a well-liked growth technique due to its low installation costs and simplicity of use. It is a technique for growing plants that substitutes a mineral solution for soil around the plant roots. Additionally, the hydroponics method reduces the risk of sickness due to soil organisms. Demand for hydroponics is expected to increase as consumers become more aware of the risks associated with pesticides. Plants grown hydroponically offer a better yield than equivalent soil-grown plants due to good nutrient control. 

 Global Vertical Farming Market, by Structure (2022-2029)

• Building based structure
• Container based structure

According to Structure, the vertical farming market was led by the shipping container segment in 2022 with a market share of more than 50.0%, and this trend is anticipated to continue during the forecast period. This growth is attributed to the building's ability to support crop production regardless of location. One of the main benefits of container farming is that it is portable and doesn't need a sizable piece of land or a special facility to start growing. Additionally, as competition grows, shipping container prices decrease since it is very inexpensive to acquire used containers, allowing more businesses to enter the market. Poor comparative productivity and conflict between light, heat, and layout are two drawbacks of such systems.

Global Vertical Farming Market, by Application (2022-2029)

• Indoor
• Outdoor

Report's Purpose and Methodology for the Vertical Farming Market 

In the Vertical Farming report, the projection period spans from 2023 to 2029, with the base year being 2022. The research encompasses a comprehensive examination of the Vertical Farming industry, along with a thorough market segmentation analysis. Historical market dynamics are also analyzed within the report, facilitating clients in drawing parallels between past trends and current market situations, while also spotlighting the contributions of key players. The competitive landscape section delves into various growth strategies pursued by prominent players. The updates featured in this section provide insightful perspectives across different phases, enabling stakeholders to stay abreast of industry developments and participate in economic dialogues. The competitive scenario encompasses press releases and news from companies engaged in activities such as M&A, agreements, collaborations & partnerships, new product launches & development, investments & funding, as well as awards, recognition, & expansions.

Vertical Farming Key players:

1. AeroFarms 2. Plenty 3. Green Spirit Farms 4. Bowery farming 5. BrightFarms 6. Gotham Greens 7. Iron Ox 8. Infarm 9. Agricool 10. CropOne 11. Illumitex 12. PodPonics 13. Surna 14. Freght Farms 15. Voeks Inc 16. Signify 17. Osram 18. Freight Farms 19. Sky Greens 20. Spread 21. Valoya 22. Everlight Electronics 23. Heliospectra AB 24. Green Sense Farms 25. Agrilution 26. American Hydroponics 27. Urban Crop solutions

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Vertical Farming Market Regional Insights

The different section on regional segmentation gives the regional aspects of the global Vertical Farming Market. This chapter describes the regulatory landscape that is expected to impact the market. It highlights the political landscape in the market and forecasts its influence on the Vertical Farming market globally. The presence and availability of global brands with the challenges they confront due to severe competition from local and domestic brands, the impact of domestic tariffs, and trade channels, are all taken into account. The Vertical Farming report covers the five regions and their country-wise distribution are:

North America - (U.S., Canada, and Mexico)

Europe - (U.K., Germany, France, Spain, Italy, Sweden, CIS Countries, and Rest of Europe)

Asia Pacific - (China, India, Japan, South Korea, Australia, ASEAN, and Rest of APAC)

Middle East & Africa - (South Africa, GCC Countries, Nigeria, Egypt, and Rest of ME&A)

South America - (Brazil, Argentina, Colombia, and Rest of South America)

Key Offerings:

• Market Overview
• Market Share
• Market Size
• Forecast by Revenue | 2023−2029
• Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
• Market Segmentation – A detailed analysis by segments, sub-segments and region
• Competitive Landscape – Top Key Vendors and Other Prominent Vendors

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