Vertical Farming Market Analysis & Forecast 2022

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Opportunity Analysis and Industry Forecast,
2016-2023
Vertical Farming Market
Global Opportunity Analysis and Industry
Forecast,2017-2023
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Vertical Farming Market Overview 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. 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.
Vertical Farming Market Overview -
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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-r
elease/vertical-farming-market.html
Vertical Farming Market Overview -
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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.
Top Impacting Factors -
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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.
Top Impacting Factors -
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Vertical Farming Market Segmentation -
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• 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 -
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• 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.
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  e/2288

Vertical Farming Market key Findings -
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• 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

Vertical Farming Market Key Players-
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