Global Vertical Farming and Plant Factory Market Growth 2023-2029

Global Vertical Farming and Plant Factory Market Growth 2023-2029

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 and Plant Factory Industry Forecast” looks at past sales and reviews total world Vertical Farming and Plant Factory sales in 2022, providing a comprehensive analysis by region and market sector of projected Vertical Farming and Plant Factory sales for 2023 through 2029. With Vertical Farming and Plant Factory sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Vertical Farming and Plant Factory industry.

This Insight Report provides a comprehensive analysis of the global Vertical Farming and Plant Factory 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 and Plant Factory portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Vertical Farming and Plant Factory market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Vertical Farming and Plant Factory 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 and Plant Factory.

The global Vertical Farming and Plant Factory market size is projected to grow from US$ 439.1 million in 2022 to US$ 2155.6 million in 2029; it is expected to grow at a CAGR of 2155.6 from 2023 to 2029.

Global Vertical Farming and Plant Factory main players are AeroFarms, Gotham Greens, Spread, Nongzhong Wulian, etc. Global top four manufacturers hold a share about 10%. North America is the largest market, with a share over 55%.

This report presents a comprehensive overview, market shares, and growth opportunities of Vertical Farming and Plant Factory market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Hydroponics
Aeroponics

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
Lufa Farms
Gotham Greens
Sky Greens
Plenty (Bright Farms)
Mirai
Spread
Scatil
TruLeaf
Sky Vegetables
GreenLand
Nongzhongwulian
SANANBIO
AgriGarden

Key Questions Addressed in this Report

What is the 10-year outlook for the global Vertical Farming and Plant Factory market?

What factors are driving Vertical Farming and Plant Factory market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Vertical Farming and Plant Factory market opportunities vary by end market size?

How does Vertical Farming and Plant Factory break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.