Vertical Farming Market and Key Market PlayersPosted by Prashanth on February 20th, 2020 Market Overview: Vertical farming is the practice of producing food in a vertically stacked-layer like an employed warehouse, skyscraper, or shipping container. Organic foods are perceived as healthier, nutritious, safer, and more environmentally friendly. A significant factor that influences call for organic food is the food buying behaviour of customers that is important for producers, policymakers, and suppliers to implement successful marketing strategies. Vertical Farming Market was valued at USD 2.5 billion in 2020 and is projected to be growing at a CAGR of 24.5%, to clinch a market worth of USD 11.61 billion by 2025. Market drivers and restraints: Obesity and heart diseases are the most prevalent health-related problems among customers. Moreover, rising depletion of groundwater and changing climatic conditions have boosted the conventional growers to adopt substitute methods like vertical farming. Increasing concerns among customers pertaining to health and the factors mentioned above are probable to boost the global market in the future. Nevertheless, high initial investments and limitations on the expansion of different crops are some of the restraining factors in this industry. Report segmented as: By growth:
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Geographical analysis: On the basis of region, the global vertical farming market is segregated into regions of North America, Asia Pacific, Europe, Latin America and Middle East and Africa. Asia Pacific led the market in 2018 and is estimated to remain same over the forecast period. Europe is estimated to witness major expansion over the estimated period due to increasing growth of genetically-modified crop technology. Moreover, rising adoption of nanotechnology and robotics for farming improves the regional market call. Important market players: The key players operating in the market are 4D Bios Inc., AeroFarms, Agrilution, AMHYDRO (American Hydroponics), Everlight Electronics Co., Ltd, Hort Americas, Illumitex Inc., Koninklijke Philips N.V., Urban Crop Solutions, and Sky Greens. The Scope of the report: This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for a better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors. Apart from the syndicated report, our in-house team has expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions. About Us: Market Data Forecast is a firm working in the areas of market research, business intelligence and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients. For more information: Abhishek Shukla Sales Manager at Market Data Forecast Email: abhishek@marketdataforecast.com Tel: +1-888-702-9626 Website: https://www.marketdataforecast.com/ Like it? Share it! More by this author |