United States Vertical Farming Market Growth Probability, Leading Vendors and Future Scenario up to 2027


Posted August 23, 2022 by pranit10

United States Vertical Farming Market size was valued at US$ 1.27 Bn. in 2020.

 
United States Vertical Farming Market Overview:

Vertical farming is a new agricultural production method in which crops are stacked vertically and cultivated. Compared to traditional agriculture, this method allows you to grow very large quantities of crops in much smaller spaces. Vertical farming is a type of energy-intensive agricultural production system that uses big data analysis, robotics, the Internet of Things, artificial intelligence, and other technologies to grow crops more efficiently.

Stellar Market Research (SMR) investigates the manufacturer's problems and market growth drivers, as well as the firm's strategy, operational methods, and expansion-minded financial approach. Specific client demands can be met through adaptability and a thorough understanding of market prospects. Stellar Market Research investigates the competitive landscape and key players in the market. Given the current state of the industry, this United States Vertical Farming market report may be useful for structure planning.

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United States Vertical Farming Market Dynamics:

The US vertical farming market is expected to grow as a result of factors such as rising population, the loss of arable land, environmental sustainability, lower labour costs, better all-year yield, and improved green crop tracking and harvesting. The US vertical farming market will expand as a result of the increasing demand for sustainable farming to lessen its adverse environmental effects. The demand for sustainable agricultural practises in the US market will be driven by the exponential scale of pollution and production intensification, which have a significant impact on the planet's resources. Ineffective supply chains exacerbate the effects of shortages and harm the market's processes for harvesting, processing, and transportation.

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United States Vertical Farming Market Segmentation:

The market is divided into building-based vertical farming and shipping container-based vertical farming based on the type of structure. With a 62.2% market share in 2020, vertical farming based on buildings dominated the industry. Building-based vertical farming offers higher yields than traditional land farming and container-based farming by driving their base segment of the building, which is analysed as having a large market share due to the available space where growers can easily move and monitor the produce.

Key Players:

Eden Green Technology
Elevate Farms Inc.
iFarm
OSRAM GmbH
Plenty Unlimited Inc.
Agrilution
AeroFarms
COVID-19 Impact Analysis on United States Vertical Farming Market:

All over the world, the COVID-19 recovery phase is now finished. Stellar Market Research's report on the status, trends, and COVID-19 impact of the United States Vertical Farming market analyses the market in the context of the current economic environment. SMR regularly assesses the COVID-19 pandemic's effects across all disciplines on a range of industries and verticals. The same information can be found in stellar market research (SMR) studies, which can be used to assess the effects of COVID-19 on industry decline and growth. A stellar market research (SMR) report can be used to determine the gap between supply and demand in a market. The stellar market research (SMR) report includes analysis, updates to legal requirements, and other relevant data.

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Categories Agriculture
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Last Updated August 23, 2022