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According to our (Global Info Research) latest study, the global Vertical Farming and Plant Factory market size was valued at USD 461.9 million in 2023 and is forecast to a readjusted size of USD 2028.9 million by 2030 with a CAGR of 23.5% during review period.
Prime agricultural land can be scarce and expensive. With worldwide population growth, the demand for both more food and more land to grow food is ever increasing. One solution to our need for more space is vertical farming, involves growing crops in controlled Vegetable Cultivation environments, with precise light, nutrients, and temperatures. In vertical farming, growing plants are stacked in layers that may reach several stories tall.
Global Vertical Farming and Plant Factory main players are AeroFarms, Gotham Greens, Spread, Nongzhong Wulian, etc. Global top four manufacturers hold a share about 10%. North America is the largest market, with a share over 55%.
The Global Info Research report includes an overview of the development of the Vertical Farming and Plant Factory industry chain, the market status of Vegetable Cultivation (Hydroponics, Aeroponics), Fruit Planting (Hydroponics, Aeroponics), and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of Vertical Farming and Plant Factory.
Regionally, the report analyzes the Vertical Farming and Plant Factory markets in key regions. North America and Europe are experiencing steady growth, driven by government initiatives and increasing consumer awareness. Asia-Pacific, particularly China, leads the global Vertical Farming and Plant Factory market, with robust domestic demand, supportive policies, and a strong manufacturing base.
Key Features:
The report presents comprehensive understanding of the Vertical Farming and Plant Factory market. It provides a holistic view of the industry, as well as detailed insights into individual components and stakeholders. The report analysis market dynamics, trends, challenges, and opportunities within the Vertical Farming and Plant Factory industry.
The report involves analyzing the market at a macro level:
Market Sizing and Segmentation: Report collect data on the overall market size, including the sales quantity (MT), revenue generated, and market share of different by Type (e.g., Hydroponics, Aeroponics).
Industry Analysis: Report analyse the broader industry trends, such as government policies and regulations, technological advancements, consumer preferences, and market dynamics. This analysis helps in understanding the key drivers and challenges influencing the Vertical Farming and Plant Factory market.
Regional Analysis: The report involves examining the Vertical Farming and Plant Factory market at a regional or national level. Report analyses regional factors such as government incentives, infrastructure development, economic conditions, and consumer behaviour to identify variations and opportunities within different markets.
Market Projections: Report covers the gathered data and analysis to make future projections and forecasts for the Vertical Farming and Plant Factory market. This may include estimating market growth rates, predicting market demand, and identifying emerging trends.
The report also involves a more granular approach to Vertical Farming and Plant Factory:
Company Analysis: Report covers individual Vertical Farming and Plant Factory manufacturers, suppliers, and other relevant industry players. This analysis includes studying their financial performance, market positioning, product portfolios, partnerships, and strategies.
Consumer Analysis: Report covers data on consumer behaviour, preferences, and attitudes towards Vertical Farming and Plant Factory This may involve surveys, interviews, and analysis of consumer reviews and feedback from different by Application (Vegetable Cultivation, Fruit Planting).
Technology Analysis: Report covers specific technologies relevant to Vertical Farming and Plant Factory. It assesses the current state, advancements, and potential future developments in Vertical Farming and Plant Factory areas.
Competitive Landscape: By analyzing individual companies, suppliers, and consumers, the report present insights into the competitive landscape of the Vertical Farming and Plant Factory market. This analysis helps understand market share, competitive advantages, and potential areas for differentiation among industry players.
Market Validation: The report involves validating findings and projections through primary research, such as surveys, interviews, and focus groups.
Market Segmentation
Vertical Farming and Plant Factory market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.
Market segment by Type
- Hydroponics
- Aeroponics
Market segment by Application
- Vegetable Cultivation
- Fruit Planting
- Others
Major players covered
- AeroFarms
- Lufa Farms
- Gotham Greens
- Sky Greens
- Plenty (Bright Farms)
- Mirai
- Spread
- Scatil
- TruLeaf
- Sky Vegetables
- GreenLand
- Nongzhongwulian
- SANANBIO
- AgriGarden
Market segment by region, regional analysis covers
- North America (United States, Canada and Mexico)
- Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
- Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
- South America (Brazil, Argentina, Colombia, and Rest of South America)
- Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Vertical Farming and Plant Factory product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Vertical Farming and Plant Factory, with price, sales, revenue and global market share of Vertical Farming and Plant Factory from 2019 to 2024.
Chapter 3, the Vertical Farming and Plant Factory competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Vertical Farming and Plant Factory breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2019 to 2030.
Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2019 to 2030.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2023.and Vertical Farming and Plant Factory market forecast, by regions, type and application, with sales and revenue, from 2025 to 2030.
Chapter 12, market dynamics, drivers, restraints, trends and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Vertical Farming and Plant Factory.
Chapter 14 and 15, to describe Vertical Farming and Plant Factory sales channel, distributors, customers, research findings and conclusion.