Vertical Farming Market is expected to grow at a CAGR of 25% from 2019 to 2024 – An exclusive market research report by Lucintel

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Vertical Farming Market is expected to grow at a CAGR of 25% from 2019 to 2024 – An exclusive market research report by Lucintel

February 28

12:38 2022

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Vertical Farming Market is expected to grow at a CAGR of 25% from 2019 to 2024 - An exclusive market research report by Lucintel

Trends and Forecast for the Global Vertical Farming Market

Trends, opportunities and forecast in vertical farming market to 2024 by component (irrigation component, lighting, sensor, climate control, building material, and others), structure (building-based vertical farms and shipping container vertical farms), growth mechanism (aeroponics, hydroponicd, and aquaponics), crop type (lettuce, peppers, broccoli, spinach, cucumbers, tomatoes, strawberries, pomegranates, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).

Lucintel’s latest market report analyzed that vertical farming provides attractive opportunities in the building based and shipping container vertical farming markets. The vertical farming market is expected to grow with a CAGR of 25%. In this market, hydroponic is the largest segment by growth mechanism, whereas shipping container vertical farms is largest by structure.

Download Brochure of this report by clicking on https://www.lucintel.com/vertical-farming-market.aspx Based on growth mechanism, the vertical farming market is segmented into aeroponics, hydroponics, and aquaponics. The hydroponic segment accounted for the largest share of the market in 2020 and is expected to register the highest CAGR during the forecast period.

Browse in-depth TOC on “Vertical Farming Market”

XX – Tables

XX – Figures

150 – Pages

The Vertical Farming Market is marked by the presence of several big and small players. Some of the prominent players offering vertical farming include Koninklijke Philips, Aerofarms, Sky Greens, Illumitex, Everlight Electronics, Green Sense Farms, LLC, Agrilution, American Hydroponics, Urban Crops, and Vertical Farm Systems.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link [email protected].

About Lucintel

Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

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