Latin America, Middle East & Africa Vertical Farming Market Databank
The Vertical Farming market was valued at $4,800.0 Million in 2020, and is projected to reach $6,176.0 Million by 2029 growing at a CAGR of 2.88% from 2021 to 2029. Aeroponics segment is expected to be the highest contributor to this market, with $2,549.4 Million in 2020, and is anticipated to reach $3,276.0 Million by 2029, registering a CAGR of 2.87%. Hydroponics segment is anticipated to reach $924.3 Million by 2029 with the highest CAGR of 2.97%. Aeroponics and Aquaponics segments collectively expected to account for about 85.1% share of the Vertical Farming market in 2020, with the former constituting around 53.1% share. Hydroponics and Aeroponics segments are expected to witness significant growth rates at a CAGR of 2.97% and 2.87% respectively, during the forecast period. Presently, share of these two segments is estimated to be around 68.0% in the overall Vertical Farming market in 2020, and is anticipated to reach 68.0% by 2029.
The report provides market intelligence on various market segments and geography, including market size and forecast information. Its primary goals are to deliver a thorough global market intelligence report by providing detailed segmentation, growth rates, market dynamics, industry structure and developments, market situation, and trends. To determine the market size and forecast, we conducted extensive secondary research to gain a comprehensive understanding of the market in each region. In addition, we carried out extensive primary research by conducting interviews with key executives in the industry. These interviews helped us to fill any data gaps identified during the secondary research. We used various secondary sources such as encyclopedias, directories, and databases to gather relevant information for this extensive techno-commercial study. We interviewed selected experts from manufacturers and suppliers to obtain and verify critical information, as well as to assess future prospects. The research team evaluated the reliability of the obtained information before using it. In some cases, a combination of multiple sources was used. Sprout Intelligence conducted an in-depth analysis of the market segmentation, which is a crucial component of our market intelligence reports.
- 1. GLOBAL VERTICAL FARMING MARKET, BY MECHANISM
- 1.1. OVERVIEW
- 1.2. HYDROPONICS
- 1.2.1 HYDROPONICS MARKET, BY REGION
- 1.2.1.1 North America Hydroponics Market, By Country
- 1.2.1.2 Europe Hydroponics Market, By Country
- 1.2.1.3 Asia-Pacific Hydroponics Market, By Country
- 1.2.1.4 Latin America, Middle East & Africa Hydroponics Market, By Country
- 1.3. AEROPONICS
- 1.3.1 AEROPONICS MARKET, BY REGION
- 1.3.1.1 North America Aeroponics Market, By Country
- 1.3.1.2 Europe Aeroponics Market, By Country
- 1.3.1.3 Asia-Pacific Aeroponics Market, By Country
- 1.3.1.4 Latin America, Middle East & Africa Aeroponics Market, By Country
- 1.4. AQUAPONICS
- 1.4.1 AQUAPONICS MARKET, BY REGION
- 1.4.1.1 North America Aquaponics Market, By Country
- 1.4.1.2 Europe Aquaponics Market, By Country
- 1.4.1.3 Asia-Pacific Aquaponics Market, By Country
- 1.4.1.4 Latin America, Middle East & Africa Aquaponics Market, By Country
- 2. GLOBAL VERTICAL FARMING MARKET, BY STRUCTURE
- 2.1. OVERVIEW
- 2.2. SHIPPING CONTAINER
- 2.2.1 SHIPPING CONTAINER MARKET, BY REGION
- 2.2.1.1 North America Shipping Container Market, By Country
- 2.2.1.2 Europe Shipping Container Market, By Country
- 2.2.1.3 Asia-Pacific Shipping Container Market, By Country
- 2.2.1.4 Latin America, Middle East & Africa Shipping Container Market, By Country
- 2.3. BUILDING-BASED
- 2.3.1 BUILDING-BASED MARKET, BY REGION
- 2.3.1.1 North America Building-based Market, By Country
- 2.3.1.2 Europe Building-based Market, By Country
- 2.3.1.3 Asia-Pacific Building-based Market, By Country
- 2.3.1.4 Latin America, Middle East & Africa Building-based Market, By Country
- 3. GLOBAL VERTICAL FARMING MARKET, BY REGION
- 3.1. OVERVIEW
- 3.2. LATIN AMERICA, MIDDLE EAST & AFRICA
- 3.2.1 LATIN AMERICA, MIDDLE EAST & AFRICA VERTICAL FARMING MARKET, BY MECHANISM
- 3.2.2 LATIN AMERICA, MIDDLE EAST & AFRICA VERTICAL FARMING MARKET, BY STRUCTURE
- 3.2.3 LATIN AMERICA, MIDDLE EAST & AFRICA VERTICAL FARMING MARKET, BY COUNTRY
- 3.2.3.1 Brazil
- 3.2.3.1.1 Brazil Vertical Farming Market, By Mechanism
- 3.2.3.1.2 Brazil Vertical Farming Market, By Structure
- 3.2.3.2 South Africa
- 3.2.3.2.1 South Africa Vertical Farming Market, By Mechanism
- 3.2.3.2.2 South Africa Vertical Farming Market, By Structure
- 3.2.3.3 GCC
- 3.2.3.3.1 GCC Vertical Farming Market, By Mechanism
- 3.2.3.3.2 GCC Vertical Farming Market, By Structure
- 3.2.3.4 Latin America, Middle East & Africa Countries
- 3.2.3.4.1 Latin America, Middle East & Africa Countries Vertical Farming Market, By Mechanism
- 3.2.3.4.2 Latin America, Middle East & Africa Countries Vertical Farming Market, By Structure
Research Assistance
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook