Vertical Farming Market Global Industry Analysis, Size, Share, Growth, Trends, And Forecast To 2024


Posted September 20, 2019 by sandycool

Vertical Farming Market was valued at USD 2.5 billion in 2019 and is projected to be growing at a CAGR of 24.5%, to clench a market worth of USD 11.61 billion by 2024.

 
Recent Developments

Philips AG productions electrical products and components. The company product areas include personal care and domestic appliances, consumer electronics, medical systems, lighting, and business communications.

On August 2016, Philips Company signed an agreement with Innovatus, Inc. (Japan), which is one of the world’s leading vertical farms to use LED lighting. The factory raises five varieties of green leaf, lettuces, and romaine.

To know more read @ https://www.marketdataforecast.com/market-reports/vertical-farming-market

Market Overview

Market Data Forecast published a report named as Vertical Farming Market. The vertical farming market worth was USD 1697 million in 2019, and it was expected to rise at a CAGR of 23.03% during the forecast period (2019-2024).

Report segmented as:

By Growth Mechanism:

Hydroponics
Aeroponics
Aquaponics
By Structure:

Building Based
Shipping Container
Increasing demand for high-quality food, without herbicides or pesticides, Independent farming method with very less/no effect of climatic conditions and Possible to cultivate fruits and vegetables in a limited space are the key drivers.

Geographical Segmentation:

Based on geography, the market divided under many countries like North America, Latin America, Asia-Pacific, Middle East, and Africa and Europe. North America has the largest share for Vertical Farming Market.

Key market players

FarmedHere (US)
Sky Greens (Singapore)
Green Sense Farms LLC (US)
AeroFarms (US)
American Hydroponics (US)
Agrilution (Germany)
Koninklijke Philips N.V. (The Netherlands)
Illumitex, Inc. (US)
Everlight Electronics (Taiwan)
Urban Crops (Belgium)
View a sample and decide @ https://www.marketdataforecast.com/market-reports/vertical-farming-market/request-sample

The Scope of the report:

The report offers a comprehensive examination of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along with this, the factors influential in influencing the market dynamics and trends discussed in detail at the product level. Further, the performance of the market at the regional and country-level had assessed, and the prospects with huge growth potential identified and debated.

About Us:

Market Data Forecast is a firm working in the areas of market research, business intelligence and research, business intelligence, and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients.

For more information:   

Abhishek Shukla

Sales Manager at Market Data Forecast

Email: [email protected]

Tel: +1-888-702-9626

Website: https://www.marketdataforecast.com/
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Tags market growth , marketshare , markettrends , marketvalues , vertical farming
Last Updated September 20, 2019