Vertical Farming Market Report Overview

Maximize Market Research releases reports that facilitate clients' comprehensive comprehension of the Vertical Farming Market structure. The report, a fusion of primary and secondary research, offers comprehensive insights into the Vertical Farming market, encompassing trade statistics, prominent players, and a multitude of market metrics.

Market Values:

The Vertical Farming Market size was valued at US 5.07 Bn in 2023 and market revenue is growing at a CAGR of 25.7 % from 2023 to 2030, reaching nearly USD 25.14 Bn by 2030.

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Vertical Farming Market Report Scope and Research Methodology

The report incorporates business statistics and analytical insights, facilitating an easily comprehensible grasp of the Vertical Farming market's key aspects such as size, market share, growth, trends, demand, top players, industry profile, opportunities, value cycle, end-users, types, and applications. The estimation of the global and regional Vertical Farming market size was executed through a bottom-up approach. The report employs both primary and secondary research methodologies to present a clear depiction of the Vertical Farming market structure.

In the secondary research method, data was culled from a curated set of sources, focusing on Vertical Farming key players and capturing current and historical industry trends. This information sourced through secondary research underwent validation via primary research, wherein industry experts were interviewed. The report also delves into growth opportunities in micro and macro markets, aiding stakeholders in making informed investments. It provides a comprehensive analysis of the competitive landscape and the offerings of significant Vertical Farming competitors. Additionally, the report employs SWOT analysis to outline the strengths and weaknesses of the Vertical Farming market.

Vertical Farming Market Segmentation

by Growth Mechanism

Hydroponic
Aeroponic
Aquaponic

The hydroponics category led the vertical farming market's growth mechanism in 2023, according to the growth mechanism. Due to a number of variables, the hydroponics market has become a dominant force in the vertical farming industry, propelling its expansion. With its unparalleled efficiency, hydroponics grows plants without the use of soil, instead feeding the roots directly with mineral solutions. This approach not only maximises the use of available area but also guarantees the best distribution of resources, which results in higher yields compared to traditional farming methods. Second, hydroponic systems are very accessible to a wide range of producers, from hobbyists to commercial cultivators, due to their inherent simplicity and user-friendliness.

by Structure

Building based structure
Container based structure

Based on Structure: In 2023, the vertical farming market's structure segment was dominated by the container-based segment. This increase is explained by the containers' capacity to enable agricultural production wherever they are. One major benefit of container farming is that it is space-efficient and mobile, so newcomers may get started without requiring large amounts of land or special facilities. Because used containers are easily found for less money, increasing competition has contributed to a drop in shipping container prices while also fostering market expansion. Notwithstanding these benefits, there are still issues to be resolved, such as reduced relative productivity and possible conflicts with heat, light, and layout control. However, the market for shipping containers is expected to rise due to advances in technology and a rise in the use of precision agricultural methods.

by Application

Indoor
Outdoor

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Vertical Farming Market Regional Analysis

The report has been segmented into many key countries. This section provides a detailed analysis of the Vertical Farming market in all the regions with their key countries including market size, CAGR, and import and export. The regions and their countries studied are:

1. North America- U.S., Canada, Mexico
2. Europe- UK, Germany, France, Spain, Rest of Europe
3. Asia Pacific- China, India, Japan, Australia, South Korea, Asian Countries, Rest of APAC
4. South America- Brazil
5. Middle East and Africa.

Vertical Farming Market Key Players

North America
1. AeroFarms (United States)
2. Plenty (United States)
3. Bowery Farming (United States)
4. BrightFarms (United States)
5. Gotham Greens (United States)
6. Lufa Farms (Canada)
7. Farm.One (United States)
8. Local Roots Farms (United States)
9. Green Sense Farms (United States)
10. Vertical Harvest (United States)
11. Freight Farms (United States)
12. Crop One Holdings (United States)
13. Fifth Season (United States)
14. AppHarvest (United States)
15. FarmBox Foods (United States)
16. Modular Farms (Canada)
17. Urban Grow Inc. (United States)
Europe
1. Infarm (Germany)
2. Urban Crop Solutions (Belgium)
3. Jones Food Company (United Kingdom)
4. iFarm (Finland)
5. PlantLab (Netherlands)
6. Evergreen Farm Oy (Finland)
Asia Pacific
1. Sky Greens (Singapore)
2. Spread Co., Ltd. (Japan)

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Key Questions answered in the Vertical Farming Market Report are:

• How has the Vertical Farming market performed so far and how will it perform in the coming years?
• What is the market segmentation of the global Vertical Farming market?
• What is the regional breakup of the global Vertical Farming market?
• What are the price trends of various feedstocks in the Vertical Farming industry?
• What is the structure of the Vertical Farming industry and who are the key players?
• What are the various unit operations involved in a Vertical Farming processing plant?
• What is the total size of land required for setting up a Vertical Farming processing plant?
• What is the layout of a Vertical Farming processing plant?
• What are the machinery requirements for setting up a Vertical Farming processing plant?
• What are the raw material requirements for setting up a Vertical Farming processing plant?
• What are the packaging requirements for setting up a Vertical Farming processing plant?
• What are the transportation requirements for setting up a Vertical Farming processing plant?
• What are the utility requirements for setting up a Vertical Farming processing plant?
• What are the human resource requirements for setting up a Vertical Farming processing plant?
• What are the infrastructure costs for setting up a Vertical Farming processing plant?
• What are the capital costs for setting up a Vertical Farming processing plant?
• What are the operating costs for setting up a Vertical Farming processing plant?
• What should be the pricing mechanism of the final product?
• What will be the income and expenditures for a Vertical Farming processing plant?
• What is the time required to break even?
• What are the profit projections for setting up a Vertical Farming processing plant?
• What are the key success and risk factors in the Vertical Farming industry?
• What are the key regulatory procedures and requirements for setting up a Vertical Farming processing plant?
• What are the key certifications required for setting up a Vertical Farming processing plant?

Key Offerings:

• Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation – A detailed analysis by segments with their sub-segments and region
• Competitive Landscape – Profiles of selected key players by region from a strategic perspective
  • Competitive landscape – Market Leaders, Market Followers, Regional player
  • Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER’s analysis
• Value chain and supply chain analysis
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis
• Recommendations

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