Global Vertical Farming Market Report, Market Size, Share, Trends, Analysis and Forecast to 2028

Stratistics MRC's Global Vertical Farming Market value is expected to reach $18.21 billion growing at a CAGR of 27.9% during 2022-2028.

Vertical farming is the practise of stacking farms vertically. This has allowed tiny plots of land to be used for more output. It is an unconventional crop cultivation approach that allows for easy harvesting, a minor effect of climate, high yield, less pesticide use, less land required, and less water consumption. For example, one hectare of vertical farming is equivalent to nine hectares of regular outdoor farming and saves roughly 200 tonnes of water each day. This agricultural method decreases the difficulty of obtaining arable land.
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Asia Pacific is projected to have the highest CAGR over the forecast period. The loss of fertile land for agriculture in countries such as China, India, and several Asian countries is expected to increase demand for this novel agricultural approach. Water scarcity and rising food demand in India, China, and Japan are projected to open up new business opportunities across the region. Farmers in Asia have faced years of drought, lack of rain, climate change, insufficient irrigation systems, financial issues, crop failure, greater reliance on chemical fertilisers, and limited crop variety. This is projected to increase the demand for innovative farming techniques in the coming years.
Some of the key players profiled in the Vertical Farming Market include Agrilution GmbH, Green Sense Farms, LLC, Illumitex, Inc., AeroFarms, Vertical Farm Systems, Freight Farms, GrowUp Urban Farms Ltd., Brightfarms Inc., American Hydroponics, Everlight Electronics Co., Ltd., SkyGreens Pte Ltd, Jones Food Company and SweGreen.
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