The Global Vertical Farming Market report, published by Report Ocean, offers a comprehensive analysis of the product and service industry, examining historical trends and future prospects from 2023 to 2031. This report is an invaluable resource for businesses seeking to formulate effective strategies for the upcoming years, providing insights into organizational performance and the overall market in the preceding year.
The research study has placed substantial emphasis on conducting a supply-demand analysis, a vital parameter in the industry. The study has used 2022 as the base year, with market data from 2017 to 2022 regarded as historical data. By leveraging this historical data and identifying pertinent trends, the study has projected future aspects of the market. The precise and analytical use of this historical data holds significant importance in calculating the forecast value of the market.
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In 2021, the global vertical farming market was valued at USD 4.1 billion, and it is projected to reach USD 21.06 billion, with a CAGR of 24.2% over the forecast period from 2022 to 2030.
The increasing adoption of vertical farming, the growing prevalence of hydroponics, and advancements in LED technology are key factors driving the growth of the global vertical farming market.
Key market players featured in this report include:
- Eden Green Technology
- Elevate Farms Inc.
- OSRAM GmbH
- Plenty Unlimited Inc.
- Sky Greens
- Vertical Farm Systems
- Square Mile Farms
The objective of the study is to define market sizes for different segments and countries in recent years and to forecast values for the next eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries included in the study. Furthermore, the report provides detailed information about critical aspects such as driving factors and challenges that will shape the future growth of the market. Additionally, the report will also incorporate available opportunities in micro markets for stakeholders to invest in, along with a comprehensive analysis of the competitive landscape and product offerings of key players. The market’s detailed segments and sub-segments are explained as follows:
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By Growth Mechanism
- Climate Control
- Irrigation Component
- Building Material
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia
- South America
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of MEA
Furthermore, the years considered for this study are as follows:
- Historical years: 2017, 2020
- Base year: 2021
- Forecast period: 2022 to 2030
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The target audience for the Global Vertical Farming Market in this market study includes:
- Key Consulting Companies & Advisors
- Large, medium-sized, and small enterprises
- Venture capitalists
- Value-Added Resellers (VARs)
- Third-party knowledge providers
- Investment bankers
The following questions are addressed within this report:
- What are the prevailing market trends and market dynamics?
- Who are the prominent market participants, and how do they fare in terms of market share?
- How does the competitive landscape in the market look?
- What significant factors drive or restrain the market’s performance?
- Where can growth prospects be found within the market?
- What do we know about regional and local market conditions and consumer behavior?
- What are the anticipated market size and growth projections for various regions and countries?
- How do government regulations and policies influence the market?