Vertical Farming Market Growth, Overview with Detailed Analysis 2021-2030

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Vertical Farming Market
As per the vertical farming market analysis,
Asia-Pacific accounted for a major share of the
global market in 2020 and is expected to dominate
the market in terms of revenue during the
forecast period. The region is witnessing upsurge
in demand for organic food for instance, it
consumes over 75 of all vegetables around the
globe. The change in preference of consumers,
followed by the rise in pollution, food scandals,
and increase in distaste is majorly driving the
growth of indoor farming and organic food in the
region. The region houses some of the largest
indoor vertical farms across the globe.
Shantanu SachanLead Analyst, Semiconductor and
Electronics
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Vertical Farming Market
Vertical farming is a revolutionary approach used
to produce food in vertically stacked layers such
as in a skyscraper, used warehouse, or shipping
container. It facilitates huge quantity of
nutritious and quality fresh food without relying
on favorable weather, high water usage, skilled
labor, and high soil fertility. Moreover, it
enables reliable yield and consistency along with
climate control, and no effects of external
environment factors such as disease, pest, or
predator attacks. According to a new report
published by Allied Market Research, titled,
Vertical Farming Market by Structure, Growth
Mechanism, Component, and Region Global
Opportunity Analysis and Industry Forecast,
20212030, the vertical farming industry size
was valued at 3.24 billion in 2020, and is
projected to reach 24.11 billion by 2030,
registering a CAGR of 22.9. Asia-Pacific is
expected to be the leading contributor in the
global vertical farming market forecast period,
followed by North America and Europe.
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Vertical Farming Market
The growth of the vertical farming market is
driven by factors such as rise in trend of using
organic foods (healthy food without pesticides),
optimum use of vertical space, and minimal impact
of weather on yield. Increase in population leads
to rise in demandsupply gap for food. Thus, the
need for alternative farming techniques such as
vertical farming is expected to increase in the
near future. In addition, upsurge in per capita
income in developing countries and occupational
changes along with the globalization have changed
the food preferences. Such trends have led toward
the demand for new innovations in agriculture and
need for such innovations to be integrated with
the main stream agriculture. The vertical
farming market share is segmented on the basis of
structure, growth mechanism, component, and
region. The structure segment is bifurcated into
building-based structure and container-based
structure. On the basis of growth mechanism, the
market is sub-segmented into hydroponics,
aeroponics, and aquaponics. Vertical Hydroponics
segment dominated the market share in 2020.
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Vertical Farming Market

• Key Findings of The Study
• The building based vertical farms segment is
  projected to be dominate structure during the
  forecast period followed by shipping container
  based vertical farms.
• APAC and North America collectively accounted for
  more than 73.07 of the Vertical farming market
  share in 2020.
• Aeroponics segment is anticipated to witness
  highest growth rate during the forecast period.
• Japan was the major shareholder in the
  Asia-Pacific vertical farming market size,
  accounting for approximately 27.03 share in 2020.

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Vertical Farming Market

• Major Companies
• 4D Bios Inc.
• AeroFarms
• Agrilution
• AMHYDRO (American Hydroponics)
• Everlight Electronics Co., Ltd.
• Hort Americas
• Illumitex Inc.
• Koninklijke Philips N.V.
• Urban Crop Solutions
• Sky Greens 

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Vertical Farming Market
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