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. LPI (LP Information)' newest research report, the “Vertical Farming Industry Forecast” looks at past sales and reviews total world Vertical Farming sales in 2022, providing a comprehensive analysis by region and market sector of projected Vertical Farming sales for 2023 through 2029. With Vertical Farming sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Vertical Farming industry. This Insight Report provides a comprehensive analysis of the global Vertical Farming landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Vertical Farming portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Vertical Farming market. This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Vertical Farming and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Vertical Farming. The global Vertical Farming market size is projected to grow from US$ 5574.1 million in 2022 to US$ 64270 million in 2029; it is expected to grow at a CAGR of 64270 from 2023 to 2029. The major players in global Vertical Farming market include AeroFarms, Gotham Greens, Plenty (Bright Farms) , etc. North America and Europe are main markets, they occupy about 80% of the global market. Hydroponics is the main type, with a share about 90%. Vegetable Cultivation is the main application, which holds a share about 85%. This report presents a comprehensive overview, market shares, and growth opportunities of Vertical Farming market by product type, application, key manufacturers and key regions and countries. Market Segmentation: Segmentation by type Hydroponics Aeroponics Others Segmentation by application Vegetable Cultivation Fruit Planting Others This report also splits the market by region: Americas United States Canada Mexico Brazil APAC China Japan Korea Southeast Asia India Australia Europe Germany France UK Italy Russia Middle East & Africa Egypt South Africa Israel Turkey GCC Countries The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration. AeroFarms Gotham Greens Plenty (Bright Farms) Lufa Farms Beijing IEDA Protected Horticulture Green Sense Farms Garden Fresh Farms Mirai Sky Vegetables TruLeaf Urban Crops Sky Greens GreenLand Scatil Jingpeng Metropolis Farms Plantagon Spread Sanan Sino Science Nongzhong Wulian Vertical Harvest Infinite Harvest FarmedHere Metro Farms Green Spirit Farms Indoor Harvest Sundrop Farms Alegria Fresh Farmbox Greener Roots Farm Key Questions Addressed in this Report What is the 10-year outlook for the global Vertical Farming market? What factors are driving Vertical Farming market growth, globally and by region? Which technologies are poised for the fastest growth by market and region? How do Vertical Farming market opportunities vary by end market size? How does Vertical Farming break out type, application? What are the influences of COVID-19 and Russia-Ukraine war?
1 Scope of the Report 1.1 Market Introduction 1.2 Years Considered 1.3 Research Objectives 1.4 Market Research Methodology 1.5 Research Process and Data Source 1.6 Economic Indicators 1.7 Currency Considered 1.8 Market Estimation Caveats 2 Executive Summary 2.1 World Market Overview 2.1.1 Global Vertical Farming Annual Sales 2018-2029 2.1.2 World
