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Global Vertical Farming Market to Gain a CAGR of 23.10% by 2028

The Global Vertical Farming Market is likely to reach $XX million by 2028, with a CAGR of 23.1% from $XX million in 2021 during the forecast period 2022-2028.<br>

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Global Vertical Farming Market to Gain a CAGR of 23.10% by 2028

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  1. Global Vertical Farming Market to Gain a CAGR of 23.10% by 2028 TritonMarketResearchpresentstheGlobal Vertical Farming MarketreportsectionedbyTechnique(Aeroponics,Hydroponics,Aquaponics),StructureType(ShippingContainer-based,Building-based),CropType(Pepper,Tomato,LettuceandLeafyVegetables,Microgreens,Berries,Cucumber,OtherCropTypes),Offering(Sensors,Lighting,ClimateControl,HydroponicComponents),andRegionalOutlook(MiddleEastandAfrica,NorthAmerica,Europe,LatinAmerica,Asia-Pacific). ItalsoincludestheMarketSummary,IndustryOutlook,KeyInsights,ImpactofCOVID-19,Porter’sFiveForcesAnalysis,MarketAttractivenessMatrix,IndustryComponents,VendorScorecard,KeyMarketStrategies,Drivers,Challenges,Opportunity,CompetitiveLandscape,ResearchMethodology &Scope,GlobalMarketSize,Forecasts&Analysis(2022-2028). RequestFreesample: https://www.tritonmarketresearch.com/reports/vertical-farming-market#request-free-sample Triton’sresearchreportsuggeststhattheglobalverticalfarmingmarketissettowitnessgrowthataCAGRof23.10%duringtheforecastperiod2022-2028. Verticalfarmingreferstocontrolledenvironmentfarming.Itcanbecarriedoutanywhereusinghardwareorsoftware,usingroughly80%lesswaterthanconventionalfarmingtechniques. Inrecentyears,thesurgeinpopulation,lessavailabilityofcultivableland,governmentincentives,anddemandforfreshfoodhaveincreasedtheneedforverticalfarming.AsperWHOandthepopulationcouncil,around80%ofthepopulationresidesinurbancities.Hence,thegrowinginfrastructuralprojectshaveledtothescarcityofland,compellinggrowerstoadoptnewsolutionstocultivatefreshproduce.Inthisregard,verticalfarmingallowsconsumerstogrowcropsindoorsinlayers,multi-storybuildings,orwarehouses.

  2. However,thehigherinitialinvestmentisanticipatedtonegativelyimpacttheverticalfarmingmarket.However,thehigherinitialinvestmentisanticipatedtonegativelyimpacttheverticalfarmingmarket. Europeisestimatedtowitnessthefastestgrowthovertheforecastperiod.Thisgrowthcanbeattributedtotherisingexpansionofgeneticallymodifiedcroptechnology.Theincreasingadoptionofnanotechnologyandroboticsforfarminghasfurtherelevatedtheneedforverticalfarmingtechniques.Nanotechnologyhelpsimprovefoodpackagingandenablespestcontrol.Therefore,asstatedabove,thesefactorsdrivetheverticalfarmingmarket. ThemajorcompaniesintheverticalfarmingmarketareAeroFarms,AmericanHydroponics,Agrilution,GrowupFarmsLtd,JonesFoodCompany,GronskaStadsodlingAB,V-Farm,UrbanCropSolutions,IGSLimited,FreightFarms,SkyGreens,SignifyHoldings(Philips),EverlightElectronicsCoLtd,VerticalFarmSystems,andSwegreen. Newentrantsaretakingadvantageoffundingandtechnologicaladvancementstogainacompetitiveedgeinthemarket.However,thereisaneedforahighinitialinvestmentthatmightcreateentrybarriers.Giventhesefactors,thethreatofnewentrantsisexpectedtoremainmoderateovertheforecastperiod.Similarly,thethreatofsubstitutesisanticipatedtomoderateduetorisingdemandforfreshproduceandlackofwaterandlandresources. ContactUs:sales@tritonmarketresearch.comPhone:+447441911839

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