Global Vertical Farming Market 2022-2026
Technavio has been monitoring the vertical farming market and it is poised to grow by $ 6.70 bn during 2022-2026, accelerating at a CAGR of 21.93% during the forecast period. Our report on the vertical farming market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis of the current global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the need to meet the rising demand for food products, growth in investments and funding in the agricultural sector, and declining arable land.
The vertical farming market analysis includes type segment and geographic landscape.
Technavio's vertical farming market is segmented as below:
By Geographical Landscape
- North America
- South America
- The Middle East and Africa
This study identifies the growing demand for smart/advanced vertical farming technologies with automated systems as one of the prime reasons driving the vertical farming market growth during the next few years. Also, growing demand for organic food and growing concerns regarding a pollution-free environment will lead to sizable demand in the market.
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the vertical farming market covers the following areas:
- Vertical farming market sizing
- Vertical farming market forecast
- Vertical farming market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading vertical farming market vendors that include 4D Bios Inc., Agrilution Systems GmbH, ALTIUS FARMS, AmHydro, Bowery Farming Inc., Eden Green Technology, Freight Farms Inc., Future Crops, Green Sense Farms Holding Inc., Grow Pod Solutions, Heliospectra AB, IGS Ltd., OSRAM GmbH, SANANBIO, Signify NV, Sky Greens, SPREAD Co. Ltd., Urban Crop Solutions, Valoya Oy, Vertical Farm Systems Pty Ltd, and Vertical Future Ltd. Also, the vertical farming market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.