Market Research Future published a research report on “Vertical Farming Market Research Report - Global Forecast till 2027” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2027.
The vertical farming market is projected to grow at a CAGR of 20% during the forecast period 2019–2024. As per the Vertical Farming Market research report, the global market for vertical farming is anticipated to grow rapidly by US$6.5 billion by 2024. As per analysts, the rising need for high-quality food along with the lack of availability of cultivable land area will drive the market growth throughout the forecast period. The vertical farming market research report provides an in-depth analysis of the global vertical farming market and its crop type, region, structure, and technology segments. The requirement of huge capital as well as lack of technical knowledge are the factors which could affect the vertical farming market growth during the forecast period 2019–2024. The vertical farming market research report by expert analysts is intended to help companies in the vertical farming market.
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The global vertical farming market has been segmented based on crop type, region, structure, and technology. On the basis of crop type, the market for vertical farming is segmented based on herbs, leafy vegetables, lettuce, strawberries, tomato, and others. Additionally, the market on the basis of structure, is segmented into indoor vertical farming (building-based vertical farming and shipping containers vertical farming) and outdoor vertical farming. The global market for vertical farming is also covered based on technology segment which is further split into aeroponics, hydroponics, and aquaponics.
Key influences such as the cultivation of only certain crops could obstruct the vertical farming market growth. However, as per the vertical farming market research report, demand for large volumes of food as well as reduced environmental impact will drive growth during the forecast period 2019–2024. These key growth factors will help support the vertical farming market growth at a high CAGR. The segmental analysis of crop type, region, structure, and technology segments as well as regional market analysis has been presented in the global vertical farming market research report. Analysts studying the vertical farming market have presented projections in the vertical farming market research report assisting vertical farming market-based companies in numerous ways. The vertical farming market research report offers crucial details about the vertical farming market based on the data and forecasts till 2024.
From a regional perspective, the global vertical farming market is segmented into four key regions including North America, Europe, Asia-Pacific, and the rest of the world
The North American market is again segmented into the US, Canada, and Mexico. Coming to the European market, it can be segmented further into the UK, Germany, France, Italy, Spain, and the rest. Coming to the Asia-Pacific, the global vertical farming market is segmented into China, India, Japan, and Australia. Among others, the market is segmented into South America, the Middle East, and Africa. The US in North America, India, and China in Asia, the UK, and Germany in Europe are the leading players.
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Strategic Points Covered in Table of Content of Global Vertical Farming Market :
- Vertical Farming Market Segmentation
- Vertical Farming Market Overview
- Executive Summary
- Premium Insights
- By Component
- Product Type
- Industry Type
- Company Landscape
- Company Profiles
- Related Reports
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