Global Vertical Farming Market to Gain a CAGR of 23.10% by 2028

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Global Vertical Farming Market to Gain a CAGR of
23.10 by 2028 Triton Market Research presents
the Global Vertical Farming Market report
sectioned by Technique (Aeroponics, Hydroponics,
Aquaponics), Structure Type (Shipping
Container-based, Building-based), Crop Type
(Pepper, Tomato, Lettuce and Leafy Vegetables,
Microgreens, Berries, Cucumber, Other Crop
Types), Offering (Sensors, Lighting, Climate
Control, Hydroponic Components), and Regional
Outlook (Middle East and Africa, North America,
Europe, Latin America, Asia-Pacific). It also
includes the Market Summary, Industry Outlook,
Key Insights, Impact of COVID-19, Porters Five
Forces Analysis, Market Attractiveness Matrix,
Industry Components, Vendor Scorecard, Key Market
Strategies, Drivers, Challenges, Opportunity,
Competitive Landscape, Research Methodology
Scope, Global Market Size, Forecasts Analysis
(2022-2028).
Request Free sample https//www.tritonmarketresea
rch.com/reports/vertical-farming-marketrequest-fr
ee-sample Tritons research report suggests
that the global vertical farming market is set to
witness growth at a CAGR of 23.10 during the
forecast period 2022-2028. Vertical farming
refers to controlled environment farming. It can
be carried out anywhere using hardware or
software, using roughly 80 less water than
conventional farming techniques. In recent years,
the surge in population, less availability of
cultivable land, government incentives, and
demand for fresh food have increased the need for
vertical farming. As per WHO and the population
council, around 80 of the population resides in
urban cities. Hence, the growing infrastructural
projects have led to the scarcity of land,
compelling growers to adopt new solutions to
cultivate fresh produce. In this regard, vertical
farming allows consumers to grow crops indoors in
layers, multi-story buildings, or warehouses.
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However, the higher initial investment is
anticipated to negatively impact the vertical
farming market. Europe is estimated to witness
the fastest growth over the forecast period. This
growth can be attributed to the rising expansion
of genetically modified crop technology. The
increasing adoption of nanotechnology and
robotics for farming has further elevated the
need for vertical farming techniques.
Nanotechnology helps improve food packaging and
enables pest control. Therefore, as stated above,
these factors drive the vertical farming
market. The major companies in the vertical
farming market are AeroFarms, American
Hydroponics, Agrilution, Growup Farms Ltd, Jones
Food Company, Gronska Stadsodling AB, V-Farm,
Urban Crop Solutions, IGS Limited, Freight Farms,
Sky Greens, Signify Holdings (Philips), Everlight
Electronics Co Ltd, Vertical Farm Systems, and
Swegreen. New entrants are taking advantage of
funding and technological advancements to gain a
competitive edge in the market. However, there is
a need for a high initial investment that might
create entry barriers. Given these factors, the
threat of new entrants is expected to remain
moderate over the forecast period. Similarly, the
threat of substitutes is anticipated to moderate
due to rising demand for fresh produce and lack
of water and land resources. Contact Us
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