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Vertical Farming Market Global Production, Growth, Share, Demand and Applications Forecast to 2029
Vertical farming is the method of growing crops in vertically stacked layers. Controlled-environment agriculture, which aims to maximise plant development, as well as soilless farming techniques like hydroponics, aquaponics, and aeroponics, are widely used.

Vertical Farming Market : was valued at USD 4.03 Billion in 2021, and it is expected to reach USD 15.78 Billion by 2029, exhibiting a CAGR of 18.6 % during the forecast period (2022-2029)

Vertical Farming Market Overview:

The goal of this research is to give a comprehensive analysis of the Vertical Farming market by component, application, industry, and geography. The paper goes into great detail on the major variables impacting the growth of the Vertical Farming market. The report also provides a thorough examination of the market's value chain.

Market Scope:

The research technique used to analyze and forecast the Vertical Farming market begins with secondary research utilizing sources that collect revenue data from important suppliers. When estimating market segmentation, the vendor offerings are also taken into account. Using the bottom-up technique, the total size of the Vertical Farming market was determined using the income of important firms.

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Segmentation:

According to Structure, the shipping container segment dominated the market in 2021 with a share of more than 50.0% and is expected to continue that dominance throughout the projected period. This growth is attributed to the structure's ability to help with agricultural yield regardless of geographic location. One of the primary benefits of container farming is that it is portable and does not require a large plot of land or a dedicated facility to get started. Furthermore, as competition grows, the price of shipping containers reduces since the cost of acquiring used containers is very low, allowing more businesses to enter the market. However, such systems have some drawbacks, such as low comparative productivity and antagonism between light, heat, and layout.

Key Players:

• Green Spirit Farms
• Bowery farming
• BrightFarms
• Gotham Greens
• Iron Ox
• Infarm
• Agricool
• CropOne
• Illumitex
• PodPonics
• Surna
• Freght Farms

Regional Analysis:

Global, North America, Europe, Asia-Pacific, the Middle East, Africa, and South America market share statistics are accessible individually. Analysts at Maximize evaluate competitive strengths and conduct competitive analysis for each competitor individually.

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COVID-19 Impact Analysis on Vertical Farming Market:

The COVID-19 outbreak has affected industries such as aerospace and military, agriculture, autos, retail and e-commerce, energy and power, healthcare, packaging, mining, electronics, banking, financial services, and insurance, among others. COVID-19 has had an influence on the Vertical Farming market as a whole, as well as the growth rate in 2019-2020 as the impact of COVID-19 spreads. Our most recent investigation, viewpoints, and pieces of administration knowledge are vital to the firms and associations in the Vertical Farming sector, which is driving through the COVID-19 emergency to handle the risk of digitizing jobs in order to communicate trustworthy data and experiences to CEOs.

Key Questions Answered in the Vertical Farming Market Report are:

  • Which segment grabbed the largest share in the market?
  • How was the competitive scenario of the market in 2020?
  • Which are the key factors responsible for the market growth?
  • Which region held the maximum share in the market in 2020?

About Maximize Market Research:

Maximize market research, a market research firm with a dedicated team of specialists and data, has carried out extensive research about the Squalene market. Maximize Market Research is well-positioned to estimate and predict market size while taking into account the competitive landscape of the sectors. Maximize Market Research has a strong unified team of industry professionals and analysts across sectors to guarantee that the whole Industry ecosystem is considered, taking into account all current developments, newest trends, and futuristic – the technology influence of distinctively specific industries. The company’s technique is specifically customised and in accordance with the agreed-upon scope and purpose of the study.

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