Vertical Farming Market

1. Analysis of Vertical Farming Market Size by Research Nester Reveals the Market to Grow with a CAGR of ~28.00% During 2023-2035 and Attain ~USD 96.33 Billion by 2035 Research Nester assesses the growth and market size of the global vertical farming market which is anticipated to be on account of the growing demand for organic food owing to the improved standard of living of the people and their concern towards health. New York – May 11, 2022 - Research Nester’s recent market research analysis on “Vertical Farming Market: Global Demand Analysis & Opportunity Outlook 2035” delivers a detailed competitor’s analysis and a detailed overview of the global vertical farming market in terms of market segmentation by growth mechanism, structure, components, crop and by region. Growing Concern to Bridge the Gap Between Supply and Demand for Food Products to Promote Global Market Share of Vertical Farming The increased focus on growing food crops without compromising the environment is considered to be a significant factor for the growth of the global vertical farming market during the forecast period. Furthermore, the rising shift towards the consumption of organic food items owing to the rising chronic and acute diseases is also considered to be another growth factor

2. for market expansion in the upcoming years. For instance, it has been stated that owing to reasons related to their health, about 75% of adults bought organic food in 2022, in the U.S. Also, the various advantages offered by vertical farming such as less use of agricultural land, decreased consumption of water, production of high-quality products, and others have propelled the farmers to shift towards vertical farming. Some of the major growth factors and challenges that are associated with the growth of the global vertical farming market are: Growth Drivers: · Surge in technological advancement in the farming sector · Rising favorable initiatives by the government for producing high-quality products Challenges: The high cost to set up vertical farming in farms along with the lack of awareness among people about the advantages of the vertical farming technique, and the lack of well-equipped systems for performing vertical farming worldwide are some of the major factors anticipated to hamper the global market size of vertical farming. Access our detailed report at: By components, the global vertical farming market is segmented into lighting, climate control, and sensors. Out of these segments, the lighting segment is to garner the highest revenue by the end of 2035 by growing at a significant CAGR over the forecast period. The primary factor projected to create favorable scenarios for segment growth is the rising use of LED lights in vertical farming along with the extraordinary advancements in light-emitting diode (LED) technology over the past few years. Moreover, the cost-effectiveness of LED lights and their easy availability is attributed to altering the dynamics of vertical farming for the better. For the following three decades from 2020 to 2050, it is anticipated that LED light prices will continue to decrease in the United States. By region, the North American vertical farming market is to generate the highest revenue by the end of 2035. The primary factors that are anticipated to bring lucrative growth opportunities for

3. market expansion in the region are the growing demand for nutritional food, along with the surge in investment in facilitating ecosystems for future food. In addition, the availability of freshly harvested veggies across retail outlets is anticipated to rise across the nation as consumer preferences shift towards "fresh-from-farm-to-table" products is projected to increase the utilization rate of vertical farming. Consult our expert analysts at: info@researchnester.com or contact us at: https://www.researchnester.com/contact for any customized report. This report also provides the existing competitive scenario of some of the key players of the global vertical farming market which includes company profiling of Deere & Company, CropMetrics, Trimble, Inc., CropX, Inc., Gro Intelligence, Valmont Industries, Inc., AGCO Corporation, DICKEY-john, AGEYE Technologies, Ag Leader Technology,and others. Request Report Sample@ https://www.researchnester.com/sample-request-4795 Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates, and executives make wise decisions for their future marketing strategy, expansion, investment, etc. We believe every business can expand to its new horizon, provided the right guidance at the right time is available through strategic minds. Our out-of-the-box thinking helps our clients to make wise decisions to avoid future uncertainties. Contact for more Info: AJ Daniel Email: info@researchnester.com U.S. Phone: +1 646 586 9123 U.K. Phone: +44 203 608 5919