Vertical Farming Market

1. Vertical Farming Market - Global Industry Analysis, Size, Share, Growth , Trends, and Forecast The global vertical farming market size was valued over USD 3.87 billion in 2020 and is expected to expand a CAGR of 23.2% during the forecast period, 2021–2028. The growth of the market is accredited to the increasing adoption rate of environmentally-protected production of vegetables and fruits. The acceptance of the vertical cultivation technique enables consumers to grow crops in a multi- story building or warehouse. The COVID-19 outbreak has largely affected the supply chain method of vertical farming. The pandemic had a negative impact on the systematic functioning of various industries all over the globe. With the closure of the catering, restaurant, and hospitality industries in most parts of the globe, the food service industry also faced severe consequences abruptly.? Meanwhile, companies started using the e-commerce platform for sales to customers. The rising demand for organic products in consumers, boosted by the better standard of living and higher disposable income, have shown way for the development of vertical farming. Request Sample link :- https://growthmarketreports.com/request-sample/2110 Market Trends, Drivers, Restraints, and Opportunities  Changing climatic conditions and growing depletion of groundwater for crops cultivation have urged conventional growers to adopt alternate farming methods. This is expected to boost the market growth in the coming years. Rising consumer concerns toward healthy foods and growing number of health-conscious population across the globe are key factors elevating the market growth. Growing demand for independent agriculture technique, high-quality food, and increasing urbanization are some of the critical factors responsible for the growth of the vertical farming methods. Favorable government policies encouraging the development of advanced vertical cultivation technique are expected to accelerate market growth.   

2.  Growing awareness for vertical cultivation among consumers as well as farmers is expected to create key opportunities for the market growth. Market Segment Insights: Container shipping segment is expected to grow at a rapid pace Based on structures, the global vertical farming market is bifurcated into container shipping and building-based. The container shipping segment accounted for a key share of the market and is expected to grow at a rapid pace in the coming years owing to ability of the structure to help grow crops irrespective of different geographic locations. However, the building-based segment is anticipated to register a high growth rate during the forecast period due to the facility to grow crops at a set temperature and at one place. Enquiry Link :- https://growthmarketreports.com/enquiry-before-buying/2110 Competitive Landscape Key players competing in the global vertical farming market are Freight Farm; AeroFarms; BrightFarms Inc.; Green Sense Farms, LLC; Agrilution Systems GmbH; and Everlight Electronics Co. Ltd. The main market players are continuously engaged in various market development activities such as mergers and acquisitions, research and developments, investments for innovative products, and collaborations to enhance their market position and expand consumer-based across the globe. About Growth Market Reports: GMR provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Industry Intelligence Solutions”. GMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. Our key analysis segments, though not restricted to the same, include market entry strategies, market size estimations, market trend analysis, market opportunity analysis, market threat analysis, market growth/fall forecasting, primary interviews, secondary research & consumer surveys. Contact: Growth Market Reports Phone: +1 909 414 1393 Email: sales@growthmarketreports.com Web: https://growthmarketreports.com Follow Us: LinkedIn | Twitter