Vertical Farming Market Business Analysis, New Innovation | Share, Revenue, AndPosted by GRACE WILSON on February 16th, 2021 The global vertical farming market size was valued at .23 billion in 2018, and is projected to reach .77 billion by 2026, growing at a CAGR of 24.6% from 2019 to 2026. Vertical farming is a non-traditional method to grow crops, which enables ease of harvesting, no effect of climate, high yield, minimal usage of pesticides, less area requirement, and less water consumption. Get Exclusive PDF Sample Copy of This Report @ https://www.trendsmarketresearch.com/report/sample/13274 For instance, one hectare of vertical farming is equivalent to nine hectares of traditional outdoor farming and saves nearly 200 tons of water on a daily basis. The demand for vertical farming is expected to increase rapidly during the forecast period, owing to various factors such as rise in popularity of organic food, optimum use of vertical space and balanced energy utilization, ease of crop monitoring and harvesting, and decrease in arable land. However, high initial investments and involvement of nascent technology hamper the market growth. Nonetheless, rise in urban population and surge in adoption of technology driven agriculture are expected to provide lucrative growth opportunities to the vertical farming market players. The global vertical farming market is segmented based on component, growth mechanism, and region. The structure segment is bifurcated into building-based structure and container-based structure. Based on component, the market is categorized into irrigation component, lighting, sensor, climate control, building material, and others. The building material segment is bifurcated into glass greenhouse and plastic greenhouse. Based on growth mechanism, the market is categorized into hydroponics, aeroponics, and aquaponics. On the basis of region, it is analyzed across North America (U.S., Mexico, and Canada), Europe (UK, Germany, France, Netherlands, and rest of Europe), Asia-Pacific (China, India, Japan, Australia, Singapore, and rest of Asia-Pacific), and LAMEA (Brazil, Saudi Arabia, South Africa, and Rest of LAMEA). Checkout Inquiry to Buy or Customize Market @ https://www.trendsmarketresearch.com/checkout/13274/Single KEY MARKET SEGMENTS BY STRUCTURE BY COMPONENT BY GROWTH MECHANISM BY REGION • Europe • Asia-Pacific • LAMEA KEY PLAYERS
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