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Vertical Farming Market Analysis & Forecast 2022

According to a new report published by Allied Market Research, titled, Vertical Farming Market: Global Opportunity Analysis and Industry Forecast, 2017-2023, the global vertical farming market was valued at $1.5 billion in 2016, and is projected to reach $6.4 billion by 2023, growing at a CAGR of 23.6% from 2017 to 2023. The hydroponics segment contributed nearly 42% of the share in 2016. <br><br>Sample Copy of report @ https://www.alliedmarketresearch.com/request-sample/2288

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Vertical Farming Market Analysis & Forecast 2022

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  1. Opportunity Analysis and Industry Forecast, 2016-2023 Vertical Farming Market Global Opportunity Analysis and Industry Forecast,2017-2023

  2. Vertical Farming Market Overview :- Vertical Farming Market Overview: Global Vertical Farming Marketwas valued at $1.5 billion in 2016, and is projected to reach $6.4 billion by 2023, growing at a CAGR of 23.6% from 2017 to 2023. Vertical farming is a revolutionary approach used to produce food and medicinal plants in vertically stacked layers such as in a skyscraper, used warehouse, or shipping container. It facilitates huge quantity of nutritious and quality fresh food without relying on favorable weather, high water usage, skilled labor, and high soil fertility. Moreover, it ensures reliable yield and consistency in crop production round the year along with climate control, and no effects of external environment factors such as diseases, pests, or predator attacks.

  3. Vertical Farming Market Overview :- In terms of revenue, vertical farming market is growing at an unprecedented rate, and is projected to sustain in the coming years. This is attributed to decline in water levels, rise in urban population, and increase in demand of organic food globally. In 2016, hydroponics vertical farming contributed over 42% share in the market, and is expected to maintain its dominant position throughout the analysis period, owing to its capability to produce more nutritious eatables in less space consumption. Moreover, this growth mechanism uses 10 times less water than conventional farming. Read more at : https://www.alliedmarketresearch.com/press-release/vertical-farming-market.html

  4. Top Impacting Factors :- TOP FACTORS IMPACTING CONSTRUCTION EQUIPMENT Vertical Farming Market Increase in Popularity of Organic Foods:- Organic food refers to the products obtained through farming system that does not use synthetic fertilizers, pesticides, and growth regulators. Presently, people across the globe have become increasingly aware about the source of food that they consume on a daily basis, and have switched from the food grown with the use of chemicals and pesticides to organic food. In North America, the sales of organic food witnessed significant growth over the past few years. As depicted in the above graph, the organic food market in America witnessed growth from 2006 to 2015. In 2016, the organic food market contributed nearly 5% share of overall food sales in America. The demand for organic food surpasses supply every year; thus, vertical farming is poised to be rapidly adopted.

  5. Top Impacting Factors :- Europe is Expected to be the most Lucrative Region:- The European vertical farming market is expected to grow at the highest CAGR during the forecast period, owing to growth in concern over availability of water in certain parts, majorly in central and southern regions, rise in demand of organic food, and requirement of ensuring urban food security.

  6. Vertical Farming Market Segmentation :-

  7. KEY BENEFITS: • The study provides an in-depth analysis of the global vertical farming market to elucidate the prominent investment pockets. • Current trends and future estimations are outlined to determine the overall market scenario. • The report provides information about key drivers, restraints, and opportunities with a detailed impact analysis. Vertical Farming Market key Benefits :-

  8. Vertical Farming Market key Findings :- • Key findings:- • In terms of revenue, lighting component contributed the maximum market share in 2016, and is expected to maintain its lead throughout the forecast period. • Aeroponics is expected to grow at the highest CAGR during the forecast period. • In 2016, the hydroponics growth mechanism segment held nearly two-fifths market share, which was the highest among all the growth mechanisms. • In 2016, Asia-Pacific accounted for over 45% share globally, and is expected to dominate the market in the future. • Get Sample Copy For More Information:- • https://www.alliedmarketresearch.com/request-sample/2288

  9. Vertical Farming Market Key Players:- • Profiled Key Vertical Farming Market Players:- • AeroFarm • FarmedHere • Illumitex, Inc. • Koninklijke Philips N.V. • Sky Green • Everlight Electronics • Green Sense Farms • American Hydroponics • Hort Americas • Agrilution

  10. Thank You! For More Details Visit us at https://www.alliedmarketresearch.com/vertical-farming-market Follow Us On

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