“Vertical Farming Market” report provides strategic supports mentioned by the business specialists with market sources, amount of manufacturing cost structure, raw materials, forecasts, turnover, manufacturing outlays, latest market trends, labor cost, demands and much more. Vertical Farming market report covers a comprehensive market structure through the globe with an in-depth study of major dynamics (Drivers, Challenges, Opportunities).
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Key Market Trends:
The Fastest-growing Segment by Growth Mechanism – Hydroponics
The is one of the largest markets for hydroponic systems in North America, given the rising popularity of greenhouse horticulture and agriculture in the country. The future growth of the hydroponics market in the country mainly depends upon the development of production systems that are competitive in cost with open field agriculture. Cultivating crops using hydroponics is also seen as a resort during extreme weather conditions. For instance, in the past, grocery stores have turned toward hydroponic farmers to meet their demand during harsh weather conditions. In addition to adverse climatic conditions, the increasing demand for organic produce is expected to boost the segment’s growth. Increased demand for greenhouse tomatoes and the legalization of medicinal plants, like marijuana, are expected to further help the market in registering rapid growth in the country. Rooftop hydroponic gardens in urban setups are also helping the market grow further.
Fruits & Vegetables Segment – Largest by Crop Type
The fruit and vegetable segment in the US vertical farming market held a share of 47% of the overall market in 2018 and the segment is expected to register a CAGR of 11.0% during the forecast period.
Tomato is one of the primary crops that is grown through vertical farming systems in the country. Hydroponic techniques have proven to be commercially successful for propagation, seed germination, and the production of tomato. Producers in the country have recognized this as an opportunity; thereby, increasing the production of fruits and vegetables through vertical farming. In addition to vegetables, the year-round availability of strawberries is being made possible through integrated agricultural production systems. In order to keep up with the market demand, many farmers in the country have started growing strawberries through hydroponics. Based on the aforementioned factors, vertical farming is expected to play a key role in the production of fruits and vegetables in the country.
Market Overview:
Key Manufacturers Like
Scope of the Report:
Vertical Farming market report focuses on the latest trends in the global and regional spaces on all the significant components, including the capacity, cost, price, technology, supplies, production, profit, and competition. Moreover, the old data and present development of the Vertical Farming market have been given in the scope of the report. The latest trends, product portfolio, demographics, geographical segmentation, and regulatory framework of the Vertical Farming market have also been involved in the study.
Market Dynamics: –
- Drivers: (Developing regions and growing markets)
- Limitations: (Regional, Key Player facing Issues, Future Barriers for growth)
- Opportunities: (Regional, Growth Rate, Competitive, Consumption)
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Key Questions Answered in Market Report: –
- What will the market growth rate, Overview and Analysis by Type of Vertical Farming market in 2023?
- What are the key factors driving, Analysis by Applications and Countries Vertical Farming market?
- What are Dynamics, This Overview Includes Analysis of Scope, and price analysis of top Vendors Profiles of Vertical Farming?
- Who are Opportunities, Risk and Driving Force of Vertical Farming market? Knows Upstream Raw Materials Sourcing and Downstream Buyers
- Who are the opportunities and threats faced by the vendors in Vertical Farming space? Business Overview by Type, Applications, Gross Margin and Market Share
- What are the Vertical Farming market opportunities, market risk and market overview of the Market?
Lastly, the Global Vertical Farming Market Research covers a complete market structure across the world with a comprehensive analysis of major key factors. This report provides planned orientations referred by the industry experts.
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Study objectives of Vertical Farming Market Report:
- To provide a detailed analysis of the market structure along with the Vertical Farming market forecast of various segments and sub-segments of the Vertical Farming market
- To provide insights into factors influencing and affecting market growth
- To provide historical, current, and forecast revenue of market segments based on material, type, design, and end user
- To provide historical, current, and forecast revenue of market segments and sub-segments with respect to regional markets and key countries
- To provide strategic profiling of key players in the market, comprehensively analyzing their market shares, core competencies, and drawing a competitive landscape for the market
- To provide economic factors, technology and Vertical Farming market trends that influence the global Vertical Farming market
Detailed TOC of Vertical Farming Market Report 2019-2024:
1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porter’s Five Force Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 Growth Mechanism
5.1.1 Aeroponics
5.1.2 Hydroponics
5.1.3 Aquaponics
5.2 Structure
5.2.1 Building-Based Vertical Farms
5.2.2 Shipping Container Vertical Farms
5.3 Crop Type
5.3.1 Fruits and Vegetables
5.3.2 Herbs and Micro-greens
5.3.3 Flowers and Ornamentals
5.3.4 Other Crop Types
6 COMPETITIVE LANDSCAPE
6.1 Market Share Analysis
6.2 Company Profiles
6.2.1 Aero Farms
6.2.2 Freight Farms
6.2.3 Green Sense Farms Holdings Inc.
6.2.4 Green Spirit Farms
6.2.5 Plenty Unlimited Inc
6.2.6 Bowery Farming Inc.
6.2.7 Altius Farms
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
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