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Vertical Farming Market Press Release

The global vertical farming market is estimated to garner a revenue of ~USD 34 billion by the end of 2033 by growing at a CAGR of ~26% over the forecast period, i.e., 2023 u2013 2033.

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Vertical Farming Market Press Release

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  1. Global Vertical Farming Market to be Propelled by the Alarming Decline in the Number of Arable Lands Worldwide, and the Rapidly Expanding Urban Populationby CAGR of~26%During 2023–2033 KennethResearchpublished areporttitled“Vertical FarmingMarket:Global DemandAnalysis&OpportunityOutlook2033”whichdeliversdetailedoverview of theglobalverticalfarmingmarket intermsofmarketsegmentation bygrowth mechanism,structure,component,andbyregion. Further,for thein-depthanalysis, thereportencompasses theindustry growth indicators,restraints,supplyanddemandrisk,alongwithdetaileddiscussiononcurrent and future markettrends thatareassociated withthegrowthofthemarket. The global vertical farming market is expected to hold a revenue of ~ USD 34 billion by 2033,growingfrom~USD5billionin2022.Themarketgrowthcanbeattributedtothe decline inarableland, growthofurbanization,demandfororganicfoodproducts, health-consciouscustomers,and risingagriculturalwaste.

  2. The global vertical farming market is expected to grow at a CAGR of ~26% from 2023- 2033.Themarketissegmentedbygrowthmechanismintohydroponics,aeroponics,and aquaponics. Of these, the hydroponics segment is anticipated to hold the largest market share by the end of 2033, owing to the conservation of water and soil, small initial investment, and highprofitability. Formoreinformation’s@https://www.kennethresearch.com/report-details/vertical- farming-market/10352485 The global vertical farming market is divided into five major regions, including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in the Asia Pacific is projected to hold the largest market share by the end of 2033, backed by a growing population, awareness about alternative farming methods, and the decline of arable lands. The research is global in nature and covers detailed analysis on the market in North America(U.S.,Canada),Europe(U.K.,Germany,France,Italy,Spain,Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest ofLatinAmerica),Asia-Pacific(China,India,Japan,SouthKorea,Indonesia,Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth&opportunityanalysis,marketplayers’competitivestudy,investment opportunities,demandforfutureoutlooketc.hasalsobeencoveredanddisplayedinthe researchreport. RapidGrowthintheUrbanPopulationtoBoosttheMarketGrowth Thetotalurbanpopulationintheworldisestimatedtosurpass 5 billionby2045. The growth of urbanization happens for different reasons, including social benefits and services, industrialization, change in the mode of living, and more. Vertical farms are usuallyestablishedinurbanlocationswiththeurbanpopulationbecomingtheprimary

  3. consumersofthefarmproduce.Thisalsoreducesthetransportationoftheproductsand hencethegreenhousegas(GHG)emissions. However, huge initial investments, lack of practical knowledge on vertical farming, and thedisruptions in themanufacturing andsupplyof electronicsinvolved in vertical farming are expected to operate as key restraints to the growth of the global vertical farming market overtheforecast period. This report also provides the existing competitive scenario of some of the key players of theglobalverticalfarmingmarketwhichincludescompanyprofilingofAeroFarms,LLC, BrightFarms, Inc., Plenty Unlimited Inc., Freight Farms, Inc., OSRAM GmbH, Urban CropSolutionsBV,HeliospectraAB, SignifyNetherlandsB.V.,AgrilutionSystems GmbH,4DBiosInc.,andothers.Theprofilingenfoldskeyinformationofthecompanies which encompasses business overview, products and services, key financials and recent newsanddevelopments.Onthewhole,thereportdepictsdetailedoverviewoftheglobal vertical farming market that will help industry consultants, equipment manufacturers, existingplayerssearchingforexpansionopportunities, newplayerssearching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in thefuture. RequestReport Sample@https://www.kennethresearch.com/sample-request- 10352485 KennethResearch isaleadingserviceproviderfor strategicmarketresearch and consulting. We aim to provide unbiased, unparalleled market insights and industry analysistohelpindustries,conglomeratesandexecutivestotakewisedecisionsfortheir future marketing strategy, expansion and investment etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision in order toavoid futureuncertainties. Contact for more Info: AJ Daniel

  4. Email:sales@kennethresearch.com U.S.Phone: +1313462 0609

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