Vertical Farming and Plant Factory Market Analysis 2015-2025

1. Vertical Farming and Plant Factory Market

2. According to BlueWeave Consulting, the Global Vertical Farming and Plant Factory Market is anticipated to register a remarkable compound annual growth rate (CAGR) growth rate of 39.6% and reach USD billion by 2026 from USD billion in the year 2018. The market growth is attributable to the growing urbanization, rising concern for high-quality output without the use of pesticides and herbicides, and private and state initiatives to improve climatic conditions. However, the high beginning considerations, lack of specialized skills, and constraints on the assortment of yields grown impede the vertical cultivating market. Nowadays, cultivation doesn't solely rely upon the climatic conditions, but natural vegetables are grown nonstop throughout the year with advanced technologies. The land territory for cultivating is reducing day by day, advancing the need for vertical farming. With vertical farming, the plants can be grown in the confined territory of houses, known as greenhouses, recreating the suitable climatic conditions artificially and reliably with use of LED light. The plants are stacked one on other vertically and are grown under controlled conditions without use of pesticides.

3. “The Hydroponics Segment holds bright market prospects during the forecast period.” Based on Type of Vertical Farming, the market is divided into Aeroponics, Hydroponics, and Others. The Hydroponics Segment held a significant portion of the vertical cultivating market in 2015 and is expected to continue its dominance due to its easy execution with no intricacies. The Aeroponics development system is expected to register remarkable CAGR during the projected period as Aeroponics development is profitable due to quicker plant development, wherein an increasing number of plants could be developed in lesser time than under ordinary conditions. North America is the largest market contributor and is expected to maintain its share in the Global Vertical Farming and Plant Factory Market during the projection period on account of advanced technology and growing demand for high-quality food in the region. Get the Sample Copy of the Report: https://www.blueweaveconsulting.com/global-vertical-farming-and-plant-factory-market-bwc19341/report-sample