Vertical Farming Crops Market Size, Scope, and Share by 2028
Vertical Farming Crops Market: Strategic Insights
Vertical Farming Crops Market
-
CAGR (2021 - 2028)20.7% -
Market Size 2021
US$ 282.80 Million -
Market Size 2028
US$ 1,057.75 Million
Market Dynamics
GROWTH DRIVERS
- Increasing demand for sustainable agriculture practices
- Rising urbanization and limited arable land
- Technological advancements in vertical farming systems
- Growing awareness of food security and self-sufficiency
- Supportive government policies and incentives for sustainable farming
- Consumer preference for locally grown, fresh produce
- Advancements in automation and AI for farming efficiency
- Decreasing cost of vertical farming infrastructure and equipment
- Rising demand for organic and pesticide-free crops
- Investments in research and development for crop optimization.
FUTURE TRENDS
- Advancements in biotechnology for crop enhancement
- Integration of renewable energy sources in vertical farms
- Rising demand for plant-based foods and alternative proteins
- Growth in space-efficient farming solutions for urban environments
- Development of closed-loop farming systems for resource efficiency
- Increased consumer awareness of sustainability and food traceability
- Expansion of vertical farming in developing and remote regions
- Advancements in AI, machine learning, and robotics for farming automation
- Government initiatives to combat food insecurity and promote urban agriculture
- Technological breakthroughs in hydroponics and aeroponics for diverse crops.
OPPORTUNITIES
- Rising global population and food demand
- Urbanization and limited arable land
- Technological advancements in farming systems
- Increased focus on sustainability and eco-friendly practices
- Growing consumer demand for fresh, locally grown produce
- Supportive government policies and incentives for vertical farming
- Enhanced crop yield and resource efficiency through vertical farming
- Reduction in transportation costs and carbon footprint
- Innovations in automation, AI, and IoT for precision farming
- Rising awareness of food security and self-sufficiency.
Key Players
- AeroFarms
- Agricool
- Bowery Farming Inc
- CropOne
- Infarm
- Plantlab
- Plenty Unlimited Inc
- Gotham Greens
- MIRAI Co Ltd
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
Crop Type - Tomato
- Leafy Greens
- Herbs
End-Use - Food Retail and Food Service
Farming Technique - Hydroponics
- Aeroponics
- Aquaponics
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