Vertical Farming Market to See Healthy Growth of USD 24.83 Billion with Excellent CAGR of 27.3% by 2029: Opportunities, Applications, Growth Drivers, and Future Outlook

HOUSTON, Aug. 23, 2022 /PRNewswire/ -- Data Bridge Market research has recently released expansive research titled "Global Vertical Farming Market" guarantees you will remain better informed than your competition. This study provides the broader perspective of the market place with its comprehensive market insights and analysis which eases surviving and succeeding in the market. Vertical Farming Market research report execution is becoming very vital for the businesses to gain success because it offers many benefits including insights into revenue growth and sustainability initiative. The large scale Vertical Farming Market research report is an absolute overview of the market that takes into account various aspects of product definition, market segmentation based on various parameters, and the established merchant landscape. This industry report also offers businesses with the company profile, product specifications, production value, manufacturer's contact information and market shares for company. Moreover, Vertical Farming Market business report blends together all-inclusive industry analysis with particular estimates and forecasts to provide complete research solutions with greatest clarity for strategic decision making.

Data Bridge Market Research analyses that the vertical farming market which was growing at a value of 3.6 billion in 2021 and is expected to reach the value of USD 24.83 billion by 2029, at a CAGR of 27.3% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and consumer behaviour.

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Farming has seen significant advancements in terms of farm mechanisation, irrigation techniques, and the ease with which credit is available over the years. It currently serves as the backbone of the Indian economy, providing food and raw materials and providing employment opportunities to a sizable portion of the population. Despite the advent of industrialization and remarkable growth in other industries, farming continues to contribute significantly to the country's Gross Domestic Product (GDP). It primarily entails growing crops and raising livestock to cultivate food products.

Vertical farming is a method of processing food in vertically stacked layers, such as in a skyscraper, used factory, or shipping container. Modern vertical farming concepts employ indoor farming methods and controlled-environment agriculture (CEA) technologies to control all environmental conditions.

Competitive Landscape and Vertical Farming Market Share Analysis

The vertical farming market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to vertical farming market.

Some of the major players operating in the vertical farming market are:

• Deere & Company (U.S)
• CropMetrics LLC (Netherlands)
• Trimble Navigation Limited (Australia)
• CropX (U.S)
• AgSmarts Inc (India)
• AgSense, LLC (India)
• AGCO Corporation (Austria)
• DICKEY-john (U.K)
• Monsanto Company (Mexico)
• Ag Leader Technology (U.S)
• Farmers Edge (US)
• GEOSYS (US)
• Granular (US)
• Gro Intelligence (US)
• Proagrica (UK)
• Fasal (India)
• AGEYE Technologies (US)
• HelioPas AI (Germany)
• OneSoil (Belarus)

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Opportunity

Organic food items are becoming more popular as people's health consciousness grows. As a result, farmers across the country are shifting to organic farming, creating a positive market outlook. Furthermore, the government is launching a number of initiatives to improve the country's existing agricultural infrastructure. It is also providing financial assistance to farmers for marketing and transportation of farm produce in order to increase exports. These initiatives are expected to have a significant impact.

How will this Market Intelligence Report Benefit You?

• The report offers statistical data in terms of value (US$) as well as Volume (units)
• Exclusive insight into the key trends affecting this industry, although key threats, opportunities and disruptive technologies that could shape the Global Market supply and demand
• The report tracks the leading market players that will shape and impact this Market most
• The data analysis present in this report is based on the combination of both primary and secondary resources
• The report helps you to understand the real effects of key market drivers or retainers on this business

Vertical Farming Market Dynamics

Drivers

• Increase adoption of agricultural policies

Increasing adoption of federal agricultural policy programmes in emerging economies, rising levels of food consumption globally along with a growing population, an increase in trade activities such as grain and oilseed export, and the introduction of new and highly advanced technology are some of the major and impactful factors that will likely boost the growth of the vertical farming market

 Rise in the demand for speciality products

Rising demand for genetically modified seeds, as well as rising consumer preferences for organic and specialty products, will contribute to the growth of the vertical farming market over the forecasted timeframe. Furthermore, the market is being driven by an increase in the number of agreements between corporate companies and farmers for the supply and production of agricultural products. Aside from that, organic products are considered safer than conventional products because they are not grown with chemically laden pesticides and are better for the environment.

Key Indicators Analysed:

• Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin & Sales by Product Types.
• Global and Regional Market Analysis: The report includes Global & Regional market status and outlook. Further the report provides break down details about each region & countries covered in the report. Identifying its production, consumption, import & export, sales volume & revenue forecast.
• Market Analysis by Product Type: The report covers majority Product Types in the Vertical Farming Industry, including its product specifications by each key player, volume, sales by Volume and Value (M USD).
• Market Analysis by Application Type: Based on the Vertical Farming Industry and its applications, the market is further sub-segmented into several major Application of its industry. It provides you with the market size, CAGR & forecast by each industry applications.
• Market Trends: Market key trends which include Increased Competition and Continuous Innovations.
• Opportunities and Drivers: Identifying the Growing Demands and New Technology
• Porters Five Force Analysis: The report will provide with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

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Global Vertical Farming Market Scope

Growth mechanism

• Hydroponics
• Aeroponics
• Aquaponics

Structure

• Shipping Containers
• Building Based

Type

• Bio pesticides
• Bio fertilizer
• Bio stimulants

Crop type

• Leafy Green
• Pollinated Plants
• Nutraceutical Plant

Application

• Indoor
• Outdoor

Component

• Lighting
• Hydroponic Component
• Climate Control
• Sensors

Vertical Farming Market Regional Analysis/Insights

The vertical farming market is analysed and market size insights and trends are provided by country, growth mechanism, structure, type, crop type, application and component as referenced above.

The countries covered in the vertical farming market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Asia-Pacific dominates the vertical farming market due to rising population levels, increased food demand, the prevalence of vast areas of farmland, and the availability of labour at affordable wages. Due to technological advancements, Europe is the second largest region in the vertical farming market, while the Middle East and Africa are expected to grow during the forecast period of 2022-2029 due to the increasing adoption of advanced farming methods.

TABLE OF CONTENTS

Part 01: Executive Summary

Part 02: Scope Of The Report

Part 03: Research Methodology

Part 04: Market Landscape

Part 05: Pipeline Analysis

Part 06: Market Sizing

Part 07: Five Forces Analysis

Part 08: Market Segmentation

Part 09: Customer Landscape

Part 10: Regional Landscape

Part 11: Decision Framework

Part 12: Drivers And Challenges

Part 13: Market Trends

Part 14: Vendor Landscape

Part 15: Vendor Analysis

Part 16: Appendix

For More Insights Get Detailed TOC @ https://www.databridgemarketresearch.com/toc/?dbmr=global-vertical-farming-market

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