Vertical Farming Market Size, Report & Analysis

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Global Vertical Farming Market to be Propelled by
the Alarming Decline in the Number of Arable
Lands Worldwide, and the Rapidly Expanding Urban
Population by CAGR of 26 During 2023
2033 Kenneth Research published a report titled
Vertical Farming Market Global Demand Analysis
Opportunity Outlook 2033 which delivers
detailed overview of the global vertical farming
market in terms of market segmentation by growth
mechanism, structure, component, and by
region. Further, for the in-depth analysis, the
report encompasses the industry growth
indicators, restraints, supply and demand risk,
along with detailed discussion on current and
future market trends that are associated with the
growth of the market.
The global vertical farming market is expected to
hold a revenue of USD 34 billion by 2033,
growing from USD 5 billion in 2022. The market
growth can be attributed to the decline in
arable land, growth of urbanization, demand for
organic food products, health-conscious
customers, and rising agricultural waste.
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The global vertical farming market is expected to
grow at a CAGR of 26 from 2023- 2033. The
market is segmented by growth mechanism into
hydroponics, aeroponics, and aquaponics. Of
these, the hydroponics segment is anticipated to
hold the largest market share by the end of
2033, owing to the conservation of water and
soil, small initial investment, and high
profitability. For more informations_at_https//www.
kennethresearch.com/report-details/vertical-
farming-market/10352485 The global vertical
farming market is divided into five major
regions, including North America, Europe, Asia
Pacific, Latin America, and Middle East Africa.
The market in the Asia Pacific is projected to
hold the largest market share by the end of 2033,
backed by a growing population, awareness about
alternative farming methods, and the decline of
arable lands. The research is global in nature
and covers detailed analysis on the market in
North America (U.S., Canada), Europe (U.K.,
Germany, France, Italy, Spain, Hungary, Belgium,
Netherlands Luxembourg, NORDIC Finland,
Sweden, Norway, Denmark, Poland, Turkey,
Russia, Rest of Europe), Latin America (Brazil,
Mexico, Argentina, Rest of Latin America),
Asia-Pacific (China, India, Japan, South Korea,
Indonesia, Singapore, Malaysia, Australia, New
Zealand, Rest of Asia-Pacific), Middle East and
Africa (Israel, GCC Saudi Arabia, UAE, Bahrain,
Kuwait, Qatar, Oman, North Africa, South Africa,
Rest of Middle East and Africa). In addition,
analysis comprising market size, Y-O-Y growth
opportunity analysis, market players competitive
study, investment opportunities, demand for
future outlook etc. has also been covered and
displayed in the research report. Rapid Growth
in the Urban Population to Boost the Market
Growth The total urban population in the world
is estimated to surpass 5 billion by 2045. The
growth of urbanization happens for different
reasons, including social benefits and services,
industrialization, change in the mode of living,
and more. Vertical farms are usually established
in urban locations with the urban population
becoming the primary
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consumers of the farm produce. This also reduces
the transportation of the products and hence the
greenhouse gas (GHG) emissions. However, huge
initial investments, lack of practical knowledge
on vertical farming, and the disruptions in the
manufacturing and supply of electronics involved
in vertical farming are expected to operate as
key restraints to the growth of the global
vertical farming market over the forecast
period. 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 AeroFarms, LLC,
BrightFarms, Inc., Plenty Unlimited Inc., Freight
Farms, Inc., OSRAM GmbH, Urban Crop Solutions
BV, Heliospectra AB, Signify Netherlands B.V.,
Agrilution Systems GmbH, 4D Bios Inc., and
others. The profiling enfolds key information of
the companies which encompasses business
overview, products and services, key financials
and recent news and developments. On the whole,
the report depicts detailed overview of the
global vertical farming market that will help
industry consultants, equipment manufacturers,
existing players searching for expansion
opportunities, new players searching
possibilities and other stakeholders to align
their market centric strategies according to the
ongoing and expected trends in the
future. Request Report Sample_at_ https//www.kenneth
research.com/sample-request- 10352485 Kenneth
Research 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 to take wise
decisions for their future marketing strategy,
expansion and investment etc. We believe every
business can expand to its new horizon, provided
a right guidance at a right time is available
through strategic minds. Our out of box thinking
helps our clients to take wise decision in order
to avoid future uncertainties. Contact for more
Info AJ Daniel
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Email sales_at_kennethresearch.com U.S. Phone 1
313 462 0609