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Global Vertical Farming Market - A Global and Regional Analysis

Focus on Mechanism, Product and Country-Wise Analysis - Analysis and Forecast, 2020-2026

 
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The global vertical farming market was valued at $5.50 billion in 2020 and is projected to reach $19.86 billion in 2026, following a CAGR of 24.3% during 2021-2026.

The top market players are AeroFarms, AppHarvest, Vertical Harvest, CropOne, Plenty Unlimited Inc., AmHydro., Kalera, Heliospectra AB, Hort Americas, Signify Holding (Koninklijke Philips N.V), OSRAM GmbH., Valoya, EVERLIGHT ELECTRONICS CO., LTD., Sky Greens, SPREAD Co., Ltd

Factors driving the growth of the global vertical farming market are advantages over conventional farming, advancements in light-emitting diode (LED) technology, and high quality and high level of food safety assurance.

The main challenges restricting the growth of global vertical farming market are need of constant monitoring, high operational and maintenance cost, and not suitable for all types of crops.

The main opportunities in the global vertical farming market are demand from countries with less Arable land and unfavorable climate and integration of technology with vertical farming.

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