The North American vertical farming market is predicted to grow at 21.9% CAGR during the forecast period with the market size reaching USD 2,802.5 million by 2024.

The Vertical farming technique uses a (controlled-environment agriculture) CEA technology that helps in preserving the natural environment that helps in producing the crops to ensure even distribution of crops in densely populated areas. The techniques help in eliminating the excessive expenditure incurred by the commercial grower on a rain-forest system. This technique is also helping the commercial growers to grow the fruits and vegetables that comprises of increased demand throughout the year irrespective of any alteration in climate. The crops grown using this technique are helping the people to consume fresh and toxin-free produce as the crops are produced with the help of an organic approach.

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Growth Drivers
The increasing adoption of techniques that are conducive for the climate and increasing demand for organic products is the primary factor aiding towards the growth of the vertical farming market in the region. The demand for organic products in the region is increasing at a rapid pace owing to the nutritional content available in those products. The content of antioxidants is greater in the organic products than those available in the conservatively produced crops. The use of this technique requires less water than the traditional vertical farms and as the result, it greatly saves the energy requirement for the manufacturers that are contributing towards the enhanced demand for the vertical farming market in the region.

Geography Overview
Geographically, North America is the largest vertical farming market as the people of North America are increasingly demanding organic foods due to increasing awareness for consuming a healthy diet. The people of this region are becoming conservative in their consumption approach and are increasingly consuming healthy food. The region is creating spaces for building building-based vertical farms and it is helping the manufacturers to satisfy the increasing demand of the consumers for food. Moreover, vertical farming is enabling the region to fulfill the required demands of the consumers as commercial growers are developing vertical farms in this region and will continue to do so in the near future.

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Competitive Insight
Some of the key players operating in the North American vertical farming market are AeroFarms, Gotham Greens, Bright Farms, Vertical Harvest, Home Town Farms, Infinite Harvest, Lufa Farms, Beijing IEDA Protected Horticulture, Farmed Here, Garden Fresh Farms, Metro Farms, Green Sense Farms, Indoor Harvest, Sky Vegetables, Sundrop Farms and Ecopia Farms.