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industrynewsupdates · 29 days ago

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Vertical Farming Market Recent Trends and Growth Analysis Report 2024 – 2030

The global vertical farming market size is expected to reach USD USD 24.95 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 20.1% from 2023 to 2030. Increased use of Internet of Things (IoT) sensors for producing crops is likely to spur market demand over the forecast period. Information obtained from the sensors is stored on the cloud and analyzed to perform the required actions. The growing automation in agriculture and increasing use of big data and predictive analytics for maximizing yields are also likely to drive the market.

Vertical farming is effective in ensuring stability in crop production and maintaining reliability even in adverse climatic conditions. It provides multiple benefits over the traditional farming technique, such as less use of water, the lesser need for agrochemicals, and low dependence on agricultural labor. Vertical farming makes use of metal reflectors and artificial lighting to maximize natural sunlight.

Genetically modified organisms and the environmental and health effects of pesticides and other non-natural substances that are used for increasing agricultural production have encouraged consumers to adopt organic foods. According to the Organic Trade Association, the U.S. organic industry sales increased by around 5% in 2019 owing to the increased investment in infrastructure and education. As per the Organic Foods Production Act of 1990, the handlers and growers of organic products need to comply with the regulations.

Gather more insights about the market drivers, restrains and growth of the Vertical Farming Market

Detailed Segmentation:

Market Concentration & Characteristics

The vertical farming market growth stage is high. The vertical farming market is witnessing a significant degree of innovation, marked by the adoption of advanced technologies such as sensors and cameras in order to enhance resource efficiency, increase yields, and address challenges such as limited space and environmental constraints. Also, technologies such as hydroponics, aeroponics, LED grow lights, and automation systems are commonly employed to enhance efficiency and crop quality.

Market Dynamics

The growth of the vertical farming market is attributed to factors such as steady population growth, government incentives, limited availability of cultivable land, and the increasing demand for high-quality and fresh food. Moreover, the increasing consumer demand for organic food is positively impacting the growth of the vertical farming market, creating favorable business opportunities. With consumers placing a higher value on organic products, vertical farming is a viable solution to meet this demand.

Component Insights

On the basis of components, vertical farming market is segmented into hardware, software, and services. The hardware segment accounted for the largest market share in 2022. Hardware plays a significant role in maintaining an environment in vertical farming. The segment is further categorized into lighting, hydroponic components, climate control, and sensors. The lighting segment led the market and accounted for more than 44.46% of global hardware revenue in 2022. A large share of the lighting segment can be attributed to the dependence of vertical farms on artificial lighting. Artificial lights provide sufficient light intensities required for crop growth. The climate control segment is expected to register the highest CAGR of 20.6% over forecast period. Increasing adoption of hydroponic components by farmers to minimize weight load and infrastructure needed to support equipment is anticipated to drive demand for hydroponic components.

Growing Mechanism Insights

The Hydroponics segment registered the largest market share in 2022 and is expected to remain dominant between 2023 and 2030. Hydroponics is a popular growth mechanism due to low installation costs and ease of operations. It is a method of growing plants without soil, where soil is replaced by mineral solution inserted around plant roots. Additionally, the hydroponics method removes the risk of soil organisms causing diseases.

Crop Category Insights

The fruits, vegetables, & herbs segment registered the largest market share in 2022 and is expected to remain dominant between 2023 and 2030. Increasing cultivation of commonly grown fruits and vegetables in vertical farming is driving segment growth. Crops grown in vertical farming provide maximum profit to companies involved in their cultivation. At the same time, vertical farming improves biodiversity as it does not cause land disturbances. As such, vertical farming is in high demand for growing different types of crops. Further, fruits, vegetables, & herbs are segmented into tomato, lettuce, bell, chili peppers, strawberry, cucumber, leafy greens (excluding lettuce), herbs, and others. Among which tomatoes segment led the market and accounted for more than 24.23% of global fruits, vegetables, & herbs revenue in 2022.

Structure Insights

The shipping container segment dominated the market with a share of about 53.32% in 2022 and is expected to remain dominant between 2023 and 2030. This growth is attributed to the ability of structure to help grow crops irrespective of geographic location. One of the primary benefits of container-based farming is that container farms are easy to transport, and one doesn't require a large piece of land or dedicated building to start cultivating.

Regional Insights

In terms of revenue, Europe dominated the vertical farming market in 2022 with a share of approximately 31.7% and is expected to remain dominant between 2023 and 2030. Growing awareness regarding the importance of alternative farming owing to less availability of fertile agricultural land and increasing population in the region is the key factor anticipated to spur the demand.

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Key Companies & Market Share Insights

Some of the key players operating in the market include Agrilution GmbH; Aerofarm; Brightfarms Inc.; Everlight Electronics Co., Ltd; Freight Farms; GrowUp Urban Farms Ltd.; Green Sense Farms, LLC; Vertical Farm Systems.

• Vertical Farm Systems is engaged in the development of fully automated growing systems with reusable medium and energy efficient climate cells. The company utilizes artificial intelligence (AI) and automation for optimized growing conditions.

• Brightfarms Inc., is an indoor farming company that provides fresh packaged salad. The company sells their product locally that are grown in controlled environment. The company is inclined towards development of efficient vertical farming system with a focus on resource efficiency and sustainable practices.

Key Vertical Farming Companies:

• AeroFarms (U.S.)

• Illumitex, Inc. (U.S.)

• American Hydroponics (U.S.)

• Agrilution GmbH

• Brightfarms Inc.

• Everlight Electronics Co., Ltd.

• Freight Farms

• GrowUp Urban Farms Ltd.

• Green Sense Farms, LLC

• Vertical Farm Systems.

Vertical Farming Market Segmentation

Grand View Research has segmented the global vertical farming market report based on structure, growing mechanism, crop category and region

Vertical Farming Structure Outlook (Revenue, USD Million, 2017 - 2030)

• Shipping Container

• Building-based

Vertical Farming Component Outlook (Revenue, USD Million, 2017 - 2030)

• Hardware

o Lighting

o Hydroponic components

o Climate control

o Sensors

• Software

• Services

o System Integration & Consulting

o Managed Services

o Assisted Professional Services

Vertical Farming Growing Mechanism Outlook (Revenue, USD Million, 2017 - 2030)

• Hydroponics

• Aeroponics

• Aquaponics

Vertical Farming Crop Category Outlook (Revenue, USD Million, 2017- 2030)

• Fruits Vegetables, & Herbs

o Tomato

o Lettuce

o Bell & Chili Peppers

o Strawberry

o Cucumber

o Leafy Greens (excluding lettuce)

o Herbs

o Others

• Flowers & Ornamentals

o Perennials

o Annuals

o Ornamentals

• Others (Cannabis, Microgreens)

Vertical Farming Regional Outlook (Revenue, USD Million, 2017 - 2030)

• North America

o U.S.

o Canada

o Mexico

• Europe

o Germany

o U.K.

o France

o Italy

o Spain

• Asia Pacific

o China

o Japan

o India

o Singapore

o South Korea

• South America

o Brazil

• Middle East and Africa (MEA)

Order a free sample PDF of the Vertical Farming Market Intelligence Study, published by Grand View Research.

Recent Developments

• In March 2023, BrightFarms, a pioneer in the indoor farming industry, is growing by establishing four additional regional greenhouse centers that introduce sustainably farmed leafy greens to a broader audience in the Eastern and Central United States. The newly built greenhouse centers are expected to meet the rising demand for organic food and initiate distribution to retailers by 2024. With this expansion, the company is expecting 10x revenue growth by 2024.

• In February 2023, AeroFarms and Public Investment Fund (PIF), a wealth funding body of Saudi Arabia, announced a joint venture to establish indoor vertical farms in the Middle East and Saudi Arabia.

#Vertical Farming Market #Vertical Farming Market size #Vertical Farming Market share #Vertical Farming Market analysis #Vertical Farming Industry

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priteshwemarketresearch · 2 days ago

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Vertical Farming Market Statistics, Segment, Trends and Forecast to 2035

Vertical Farming Market: A Sustainable Future for Agriculture

The Vertical Farming Market is growing at an unprecedented rate, which presents significant challenges for food production systems. As urbanization increases, arable land is becoming scarcer, and traditional farming methods are struggling to meet the demands for food, water, and land use. However, a promising solution to these challenges is emerging in the form of vertical farming. With its ability to produce large amounts of food in smaller, controlled environments, vertical farming is revolutionizing the agricultural landscape. In this blog post, we will explore the vertical farming market, its growth prospects, and how it is shaping the future of sustainable agriculture.

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What is Vertical Farming?

Vertical farming is a modern farming technique that involves growing crops in stacked layers, typically within a controlled indoor environment. This method uses advanced technologies such as hydroponics, aeroponics, and aquaponics to grow plants without soil, while minimizing water and land usage. By growing crops vertically, farmers can maximize space, reduce the need for pesticides, and optimize resources like water and nutrients.

Unlike traditional farming, which relies heavily on outdoor conditions such as weather, soil quality, and land availability, vertical farming allows for year-round crop production, regardless of climate. This makes it an appealing solution for urban areas where land is limited and the demand for fresh, locally grown produce is increasing.

Vertical Farming Market Key Drivers of Growth:

Urbanization and Limited Arable Land: With more than 55% of the world’s population now living in urban areas, cities are facing a growing demand for locally grown food. Vertical farming enables food production in urban centers, reducing the need for long-distance transportation and the associated carbon footprint.

Sustainability Concerns: Traditional farming methods are resource-intensive and contribute to soil degradation, water scarcity, and greenhouse gas emissions. Vertical farming offers a sustainable alternative by using less water, land, and energy. For example, hydroponic systems use up to 90% less water compared to conventional agriculture, making it an attractive solution for water-scarce regions.

Technological Advancements: The rise of automation, AI, and data analytics has transformed vertical farming. These technologies help optimize crop yields, monitor plant health, and improve resource efficiency. Automation systems also reduce the need for manual labor, making Vertical Farming Market a more scalable and cost-effective solution.

Demand for Fresh, Local Produce: Consumers are increasingly seeking fresh, organic, and locally grown food. Vertical farming allows for the cultivation of leafy greens, herbs, and other high-demand crops in urban environments, ensuring a steady supply of fresh produce.

Benefits of Vertical Farming

Vertical farming offers a wide range of benefits over traditional farming methods. Here are some of the key advantages:

Space Efficiency: Vertical farming optimizes space by growing crops in stacked layers. This makes it ideal for urban areas where land is expensive and in short supply. By utilizing vertical space, farms can produce more food per square foot compared to traditional horizontal farming.

Water Conservation: Vertical farms use hydroponic or aeroponic systems that require significantly less water than conventional agriculture. This makes vertical farming a more sustainable option, especially in regions facing water scarcity.

Reduced Environmental Impact: Vertical farming reduces the need for pesticides and fertilizers, as the controlled environment minimizes the risk of pests and diseases. This leads to cleaner, chemical-free produce and a lower environmental impact.

Year-Round Production: With controlled indoor environments, vertical farms can grow crops year-round, regardless of seasonal changes or weather conditions. This ensures a steady supply of fresh produce and helps stabilize food prices.

Energy Efficiency: While vertical farming requires energy for lighting and climate control, many farms are adopting renewable energy sources, such as solar or wind power, to reduce their carbon footprint. Additionally, the use of LED lights and energy-efficient systems has made vertical farming more energy-efficient.

Challenges in the Vertical Farming Market

Despite its promising potential, vertical farming still faces several challenges that need to be addressed for widespread adoption:

High Initial Investment: Setting up a vertical farm requires significant capital investment, especially for technology infrastructure, climate control systems, and automation. While operational costs are lower compared to traditional farming, the upfront costs can be a barrier for some investors.

Energy Consumption: Vertical farms rely on artificial lighting and climate control systems, which can lead to high energy consumption. However, as renewable energy sources become more affordable, this challenge is expected to diminish.

Limited Crop Variety: While vertical farming is highly effective for growing leafy greens, herbs, and some fruits, it is not yet suitable for all types of crops, such as grains or root vegetables. Researchers are continually working to expand the variety of crops that can be grown using vertical farming techniques.

Market Competition: As the vertical farming industry grows, more players are entering the market, creating intense competition. To succeed, companies will need to differentiate themselves through innovation, efficiency, and sustainability.

Future Outlook of the Vertical Farming Market

The vertical farming market is poised for significant growth in the coming years, driven by technological advancements, increasing demand for sustainable agriculture, and the need for local food production. As the industry matures, we can expect to see further innovations in crop variety, energy efficiency, and automation, making vertical farming more accessible and cost-effective for both small-scale urban farmers and large commercial operations.

Conclusion

The vertical farming market represents a dynamic and sustainable shift in the agriculture industry, offering solutions to some of the most pressing challenges facing traditional farming methods. With the continued advancement of technologies and increasing consumer demand for fresh, local produce, vertical farming has the potential to transform food production in cities around the world. As the market grows and evolves, vertical farming could be a key player in ensuring a sustainable and secure food future.

#Vertical Farming Market Share #Vertical Farming Market Demand #Vertical Farming Market Scope #Vertical Farming Market Analysis #Vertical Farming Market Trend

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latestmarketresearchnews · 6 days ago

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Vertical Farming Industry Competitive Landscape and Industry Analysis 2030

The global vertical farming market was valued at USD 6.92 billion in 2023, with a projected compound annual growth rate (CAGR) of 20.1% from 2023 to 2030. This rapid growth is attributed to the increasing adoption of environment-friendly methods for producing fruits and vegetables. As the global population continues to rise, urban agriculture has become essential to meet the demand for food in densely populated areas.

Vertical farming involves growing food in stacked layers, which may be set up in warehouses, skyscrapers, or even repurposed shipping containers. The popularity of organic foods, often considered healthier and more nutritious, has bolstered demand for vertically farmed produce due to its eco-friendly image. Consumer preferences for organic food also impact producers, policymakers, and suppliers, as they develop marketing strategies to cater to these health-conscious and environmentally aware consumers.

Gather more insights about the market drivers, restrains and growth of the Vertical Farming Market

Health concerns such as obesity and heart disease have led many people to seek healthier food options, increasing the demand for organic produce. Additionally, issues like groundwater depletion and changing climate conditions have encouraged traditional farmers to explore alternative farming methods. Vertical farming allows for year-round crop production, which significantly boosts productivity compared to traditional farming. Controlled environment agriculture (CEA) techniques enable these indoor farms to maintain ideal growing conditions through artificial environmental controls, including lighting, temperature, and fertigation (the application of fertilizers through irrigation).

The need for high-quality, reliable food sources is also driven by urbanization and population growth. The adoption of vertical farming techniques addresses this demand by enabling crops to be grown in urban spaces, such as multi-story buildings or warehouses. As the global population is expected to increase significantly by 2030, vertical farming offers a viable solution to meet food production needs.

Growing Mechanism Segmentation Insights:

Among the various growing mechanisms used in vertical farming, hydroponics held the largest market share in 2022 and is expected to remain the dominant method from 2023 to 2030. Hydroponics is popular due to its relatively low installation costs and simplicity in operation. This method involves growing plants without soil; instead, the plants’ roots are placed in a nutrient-rich mineral solution. Hydroponics minimizes the risk of soil-borne diseases, which makes it an efficient choice for many farmers. Additionally, hydroponic systems typically produce higher yields than soil-based growing systems, as they allow for precise control over nutrient levels. The plants’ roots are immersed in a solution that is periodically checked and adjusted to maintain the ideal nutrient balance.

Consumer awareness of pesticide effects has further boosted demand for hydroponic farming, as it allows for pesticide-free growth. Hydroponic systems also reduce water usage and space requirements, making it highly efficient and environmentally friendly.

The aquaponics segment is expected to gain a notable share of the market during the forecast period. Aquaponics combines hydroponics with aquaculture, creating a closed-loop system where fish waste provides nutrients for plants. This eliminates the need for artificial fertilizers and pesticides, making aquaponics an entirely natural and sustainable system. Plants like lettuce, kale, chives, peppers, mint, cucumbers, and peas are well-suited to aquaponic growth. Fish waste in the water enriches the nutrient levels, accelerating crop production while simultaneously supporting fish growth. This system is sustainable, eliminates the need for chemical fertilizers, and is particularly attractive for consumers and farmers focused on organic and eco-friendly production.

The aeroponics segment is also projected to experience significant growth over the coming years. Like hydroponics, aeroponics does not rely on soil; however, it does not even use a growing medium. Instead, plant roots are suspended in the air within a dark chamber and periodically misted with a nutrient-rich solution. This approach allows for maximum oxygenation of the roots, which promotes faster and healthier plant growth. Aeroponics is considered one of the most efficient growing methods, as it allows plants to grow quickly and with minimal water usage. The lack of soil and medium also reduces contamination risks, making aeroponics an ideal option for producing high-quality produce with minimal resource usage.

Each of these vertical farming methods hydroponics, aquaponics, and aeroponics offers unique advantages, and the continued growth of these segments reflects the demand for sustainable, efficient, and pesticide-free food production systems.

Order a free sample PDF of the Vertical Farming Market Intelligence Study, published by Grand View Research.

#Vertical Farming Market Overview #Vertical Farming Market Size

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researchreportinsight · 6 days ago

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Vertical Farming Market Growth Prospect, Distributor Analysis & Applications Insights 2030

Gather more insights about the market drivers, restrains and growth of the Vertical Farming Market

Growing Mechanism Segmentation Insights:

Order a free sample PDF of the Vertical Farming Market Intelligence Study, published by Grand View Research.

#Vertical Farming Market Overview #Vertical Farming Market Size

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ashwetu · 19 days ago

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Meticulous Research® Forecasts Global Vertical Farming Market to Reach $43.88 Billion by 2031 Amid Rising Demand for Sustainable, High-Yield Farming Solutions

Meticulous Research®, a globally recognized market research leader, has announced the release of its latest report, Vertical Farming Market Size, Share, Forecast, & Trends Analysis by Component, Growth Mechanism, Structure, Crop Type - Global Forecast to 2031. The report projects that the vertical farming market will grow significantly, reaching $43.88 billion by 2031 at a CAGR of 22.6% from 2024 to 2031.

Market Drivers and Growth Opportunities

Key drivers fueling the growth of the vertical farming market include decreasing arable land, urban population growth, demand for pesticide-free produce, and water scarcity challenges. As the effects of climate change intensify, the need for efficient farming methods that require less land and water is becoming paramount. Moreover, the increasing adoption of urban farming and advancements in vertical farming technologies are opening doors for new market opportunities.

However, high initial capital investments and the need for specialized knowledge for effective farm management pose challenges for industry growth. The market also faces hurdles related to high energy consumption in vertical farms and the limited variety of crops currently suitable for vertical cultivation. Nevertheless, the industry is witnessing significant progress in technology, leading to reduced environmental impact and enhanced sustainability, a trend that resonates with global sustainability goals.

Download Sample Report Here: https://www.meticulousresearch.com/download-sample-report/cp_id=5948

Detailed Market Segmentation

The report provides an extensive analysis of the vertical farming market, segmented by component, growth mechanism, structure, crop type, and geography:

Component: The hardware segment, including lighting, irrigation systems, and sensors, is expected to hold the largest market share, reaching 54.7% in 2024. This is attributed to the increasing adoption of precision farming tools, advanced LED lighting, and smart irrigation systems.

Growth Mechanism: Hydroponics, the most popular growth mechanism, is forecasted to lead this segment with a 61.1% share in 2024, driven by its water efficiency, reduced soil-related risks, and continuous year-round yield capacity.

Structure: Shipping container-based farms are gaining traction due to their adaptability and ease of implementation across various geographic regions, securing an anticipated 56.0% market share. Their portability and reduced spatial requirements make them suitable for urban settings and challenging climates.

Check complete table of contents with list of table and figures: https://www.meticulousresearch.com/product/vertical-farming-market-5948

Crop Type: Tomatoes are expected to account for the largest share in the crop type segment, representing 16.6% of the market in 2024. The high demand for tomatoes, coupled with the controlled pest environment and high yield achieved through vertical farming, drive this segment's growth.

Regional Insights

The report examines key geographies and provides insights on regional market performance. North America is projected to lead the market, commanding 29.5% of the global share in 2024, followed by Europe and the Asia-Pacific region. Factors such as the extensive adoption of vertical farming techniques, advanced farming technologies, and demand for fresh, locally grown produce contribute to North America's leadership position.

Key Market Players

The competitive landscape in the vertical farming market is moderately fragmented, featuring prominent global and regional players. Major companies include Signify Holding B.V. (Netherlands), Heliospectra AB (Sweden), Freight Farms, Inc. (U.S.), Intelligent Growth Solutions Limited (U.K.), Everlight Electronics Co., Ltd. (China), Vertical Farm Systems Pty Ltd (Australia), and Urban Crop Solutions BV (Belgium). These players drive innovation, focusing on technology, sustainable farming methods, and strategic partnerships.

Key Questions Answered in the Report

The report provides in-depth answers to critical questions on revenue growth, historical market trends, growth opportunities, and key geographic trends in the vertical farming market. It also details market segmentation insights, competitive strategies, and the impact of technological advancements on market dynamics.

Quick Buy: https://www.meticulousresearch.com/Checkout/47888793

Contact Information

For additional information, please reach out:

Meticulous Research® Email: [email protected] Phone: +1-646-781-8004 LinkedIn: Meticulous Research®

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marketanalysisdata · 19 days ago

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Vertical Farming Market Key Players, Supply and Consumption Demand Analysis to 2030

The global vertical farming market was valued at USD 6.92 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 20.1% from 2023 to 2030. This rapid growth is driven by the increasing adoption of eco-friendly farming methods for producing fruits and vegetables, as well as the rising demand for urban agriculture due to the unprecedented growth of the global population. Vertical farming involves producing food in vertically stacked layers, typically in warehouses, skyscrapers, or shipping containers. It is often associated with organic foods, which are perceived as healthier, more nutritious, safer, and more environmentally friendly. The growing consumer preference for organic food, along with the increased awareness of its health benefits, influences purchasing behavior, making it critical for producers, policymakers, and suppliers to devise effective marketing strategies.

The prevalence of health-related issues, such as obesity and heart disease, has increased the demand for healthier food options, and vertical farming offers a solution by providing fresh, nutritious produce. Additionally, the depletion of groundwater and changing climatic conditions have pushed traditional growers to explore alternative farming methods. These factors, combined with rising consumer concerns about health and sustainability, are expected to drive the growth of the vertical farming industry.

Gather more insights about the market drivers, restrains and growth of the Vertical Farming Market

Component Segmentation Insights:

The vertical farming market is segmented into hardware, software, and services based on components. In 2022, the hardware segment held the largest market share, playing a crucial role in maintaining controlled environments for vertical farming. The hardware segment includes categories such as lighting, hydroponic components, climate control systems, and sensors. Among these, the lighting segment accounted for more than 44.46% of global hardware revenue in 2022. This dominance is primarily due to the reliance of vertical farms on artificial lighting, which ensures sufficient light intensities for crop growth. LED lighting technology is particularly popular because it provides uniform light, reduces heat stress on the plants' root zones, and ensures increased productivity with minimal energy consumption.

The climate control segment is expected to register the highest CAGR of 20.6% during the forecast period. Climate control in vertical farming allows farmers to manage and monitor essential environmental factors like light, carbon dioxide, water, humidity, pH levels, and nutrients, providing optimal growth conditions for crops. By using climate control, growers can protect their crops and ensure consistent growth throughout the development cycle. This method ensures that plants receive the exact nutrients and environmental conditions required to thrive.

Hydroponic components are also gaining popularity due to their ability to reduce the weight load and infrastructure needed to support farming equipment. In hydroponic systems, plants grow without soil, relying on nutrient-rich water instead. This method has become an essential part of vertical farming because it maximizes space and minimizes the resources required for crop production.

Sensors play a vital role in vertical farming by monitoring external conditions and crop health. Different types of sensors, including nutrient sensors, humidity sensors, and light sensors, are used to provide detailed information about crop growth and environmental conditions. The use of sensors enables real-time monitoring and alerts for necessary adjustments, helping farmers ensure optimal growth conditions for their crops.

Automation is another key aspect of vertical farming, aiming to reduce time to market, cut production and distribution costs, lower environmental impact, and maintain consistent, high-quality production. The Internet of Things (IoT) has become a mainstream technology in agriculture, revolutionizing farming practices by enabling automation and real-time data monitoring. The adoption of IoT in vertical farming enhances efficiency and accuracy, allowing farmers to manage their operations remotely and make data-driven decisions.

The software segment is expected to exhibit a CAGR of 23.4% from 2023 to 2030, driven by advances in technology and farming practices. Software solutions in vertical farming are used to track essential information such as grower data, crop batches, land usage, and supplier details for fruits and vegetables. Cloud-based software systems collect millions of data points in real-time, which can be analyzed using machine learning techniques. These analyses help farmers understand how specific changes in environmental factors, such as temperature, humidity, and light, can affect crop yields and the flavor of the final products. This capability is expected to significantly boost the vertical farming market's growth in the coming years as farmers increasingly adopt data-driven methods to improve productivity and product quality.

In summary, the vertical farming market is experiencing rapid growth due to its ability to meet the rising demand for fresh, healthy, and sustainably produced food in urban environments. Advances in hardware, automation, and software technologies are expected to drive further innovation and adoption of vertical farming practices, making it a key solution for addressing global food production challenges in the future.

Order a free sample PDF of the Vertical Farming Market Intelligence Study, published by Grand View Research.

#Vertical Farming Industry #Vertical Farming Market Analysis #Vertical Farming Market Trends #Vertical Farming Market Growth

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marketstudyreport · 19 days ago

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Vertical Farming Industry 2030 Revenue, Top Key Drivers by Manufacturers and Outlook

Gather more insights about the market drivers, restrains and growth of the Vertical Farming Market

Component Segmentation Insights:

Order a free sample PDF of the Vertical Farming Market Intelligence Study, published by Grand View Research.

#Vertical Farming Industry #Vertical Farming Market Analysis #Vertical Farming Market Trends #Vertical Farming Market Growth

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mordormr · 22 days ago

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Exploring the Growing Microgreens Market: A Niche Industry on the Rise

Market Overview

The Microgreens Market size is projected to reach USD 245.77 billion in 2024 and is anticipated to grow to USD 335.16 billion by 2029, expanding at a compound annual growth rate (CAGR) of 6.40% during the forecast period from 2024 to 2029.

Key Drivers

Several factors contribute to the growth of the microgreens market:

Health and Wellness Trends: The rising awareness of healthy eating habits and superfoods has propelled microgreens into the spotlight. They are seen as a nutritious addition to salads, sandwiches, smoothies, and gourmet meals.

Sustainability and Urban Farming: As urbanization increases, so does the demand for local and sustainably grown produce. Microgreens can be grown in small spaces, including urban farms, greenhouses, and even indoor vertical farms, making them an environmentally friendly option for fresh produce.

Gourmet and Specialty Foods: Microgreens have become a staple in the gourmet food industry. Their intense flavors, vibrant colors, and visual appeal make them popular among chefs for high-end cuisine.

Innovative Farming Techniques: Advancements in agricultural technology, such as hydroponics and controlled environment agriculture, have improved the efficiency of growing microgreens, further driving market growth.

Challenges

Despite its growth, the microgreens market faces certain challenges:

Short Shelf Life: Due to their delicate nature, microgreens have a relatively short shelf life, which can be a challenge for transportation and retail distribution.

High Production Costs: While microgreens can be grown in small spaces, the technology and resources required for optimal production, particularly in controlled environments, can be costly, limiting their scalability for some producers.

Conclusion

The microgreens market is poised for continued growth, driven by health-conscious consumers, sustainable farming practices, and the culinary industry's demand for high-quality, fresh produce. As innovative farming techniques and consumer awareness improve, microgreens are set to become a staple in kitchens worldwide, offering both nutritional benefits and culinary versatility.

For a detailed overview and more insights, you can refer to the full market research report by Mordor Intelligence: https://www.mordorintelligence.com/industry-reports/microgreens-market

#Microgreens Market #Microgreens Market Size #Microgreens Market Share #Microgreens Market Trends #Microgreens Market Growth

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insightreportsunivdatos · 27 days ago

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Agrivoltaic Market Size, Share, Growth, Trend and Forecast to 2032

Agriculture-solar farming, a form of bioenergy installations integrated with agricultural operations, is experiencing unprecedented expansion and change. With the world looking for more efficient solutions for combating the effects of climate change and at the same time trying to generalize land use, Agrivoltaic farming is one of the solutions that are at the forefront of all this. This article introduces the newest trends in the current Agrivoltaic industry, the evolution of technologies utilized in the Agrivoltaic structures, policies following the development of the industry, and real-life cases that give direction to the further growth of the Agrivoltaic industry.

According to the UnivDatos Market Insights analysis, the increased energy demand, government incentives, rising innovations in solar panel design, such as bifacial panels and adjustable mounts, increased land utilization driving, and rising agricultural productivity driving the Agrivoltaic Market. As per their “Agrivoltaic Market” report, the global market was valued at USD 5 Billion in 2023, growing at a CAGR of about 11.5% during the forecast period from 2024 - 2032.

Access sample report (including graphs, charts, and figures): https://univdatos.com/get-a-free-sample-form-php/?product_id=16483

Technological Innovations

Agrivoltaics has been experienced by enhanced solar technology as one of the major trends. Simplified stationaries that were the historical throughput in solar projects are now having replacement with bifacial and tracking systems. Such advantages of bifacial panels include the fact that they have the potential to capture energy on their rear sides hence; gains in energy yield and efficiency, making them suitable for Agrivoltaic systems where land is limited. They enable the accurate adjustment of panel angles relative to the sunlight implication throughout the day and even year, thereby increasing energy production as well as plant yield.

Besides, vertical solar panels are producing interest in agrivoltaics. These are Installed at an angle or vertical structure and they make it possible to use small area space more effectively as shown below. Vertical panels also make full use of space available on the ground as well as offering shade that is an advantage to the crops by preventing evaporation of water and extreme heat. By so doing, the advancement of these technologies is seeing agrivoltaics become more flexible and productive, a factor that is seeing it proliferate in different agricultural contexts.

Policy and Regulatory Support

It is to highlight the key government policies and regulatory frameworks that propel the agrivoltaic market and thus propose the following hypotheses; In the recent past, many countries have embraced the concept of agrivoltaics because it combines two objectives of providing renewable energy and food production. France holds the leadership among the EU countries in terms of set contractual capacity and favorable regulations for agrivoltaic platforms. The French government started subsidizing farmers to make use of solar technology on their farms, providing tax credits and research grants to farmers.

The French government has published the long-awaited Decree No. 2024-318 in the country's official journal. The legislation defines the conditions for the installation of solar panels on agricultural, natural, or forest land.

Decree No. 2024-318 of April 8, 2024 relating to the development of agrivoltaics and the conditions for installing photovoltaic installations on agricultural, natural or forest land

Similarly, in the United States, both federal and state-level incentives are enabling the growth of agrivoltaics. There is the Rural Energy for America Program (REAP) by USDA, which offers support in the form of capital for the implementation of RE, including agrivoltaics. Moreover, the states already have permitted the systems that allow the coexistence of farming and electricity generation like the ones found in California as well as Oregon where there is a growing awareness of the effects of the agrivoltaic system on the environment as well as the economic importance.

Case Studies of the Application of the Information in the Real World

The implementation of the agrivoltaic system illustrates how it can be successfully integrated throughout different regions and areas of agriculture. It’s one of the biggest agrivoltaic farms in Japan and it has become noteworthy for its efficient rice farming combining these structures with rice paddies since the panels help cool the plants and decrease water consumption. These projects do not only produce renewable energy but also boost rice production, this shows the duality of solar energy and agricultural practices.

Desert Agriculture Program in Arizona United States of America is among the prime practitioners of agrivoltaics wherein barren and sun-scorched land is turned into fertile agricultural fields. This initiative of putting solar panels above crops has so many benefits, mainly serving as shade and protecting crops from the scorching sun while keeping water usage to a minimum and attaining better yields in the deserts. This project demonstrates that agrivoltaics can solve certain problems in agriculture while at the same time furthering renewable energy objectives.

Similarly in Germany, AgroSolar is a project that aims at incorporating solar panels into the vineyards. This new strategy offers protection from the sun hence reducing heat intensity on the grapevines, cutting water usage, and enhancing the quality of the grapes produced. Indeed, this project shows that Agrivoltaic systems are flexible and can be adopted in various agricultural practices.

Economic and Environmental Benefits

Agrivoltaics has gained popularity due to its positive impacts on the economy and the environment. Economically, Agrivoltaic systems offer dual revenue streams: revenue generated from farming and farming-related products as well as from the sales of solar-related products. This dual-revenue system thus pushes the economic sustainability of Agrivoltaic projects and gives the farmers another revenue stream. In addition, where water is used in the irrigation process there are always certain savings in water usage and improved yields in crop production thus improving the profitability level of businesses in agriculture.

Environmentally, sustainable energy especially through photovoltaic systems and embracing sustainable farming practices is made possible through agrivoltaics. Solar power as a function of energy from the natural sun strengthens the decrease of carbon footprint in agricultural practices. Also, the shading created by the solar panel has the benefit of lowering the heat stress on crops, which helps make crops more resistant to climate change.

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Syngas Market: Current Analysis and Forecast (2024-2032)

Challenges and Future Outlook

However, it is crucial to mention that the market has some challenges that cause the agrivoltaic industry to be slow in developing. Another limitation is the upfront cost of adopting solar and the necessary structures that are related to the installation of the solar panels. While financial incentives and subsidies ease some of the barriers, application fees can be expensive for some farmers and landowners.

There is also the challenge of how the technology relates to agriculture to enhance the uptake of solar technology. It is not easy to avoid solar panels infringing the crop production aspects and also coordinating the maintenance of the solar systems in the farming fields.

Click here to view the Report Description & TOC- https://univdatos.com/report/agrivoltaic-market/

Altogether the outlook for agrivoltaics seems to be bright in the future. Due to the advancement of technology and continuous implementation of more successful double-duty systems, we can predict continuous progress in the subsector. Further policy support and investment in research and development will contribute to the development of agrivoltaics which is significant in the shifting of the world to sustainable energy and agriculture production.

Thus, agrivoltaics can be viewed as a revolutionary concept for the interaction of plant-based farming and photovoltaics. Given that the concept has evolved, the policies of the governments have been developed to support it, and the real case studies have been realized, it is evident that agrivoltaics will have a big role to play in land usage, climate change, and energy production. Thus, further development of agrivoltaics still holds significant prospects for the future market for transforming agricultural and energy industries, which is why interest in such research is justified.

#Agrivoltaic Market

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creativeera · 1 month ago

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Hydroponics Market Poised for Rapid Growth Revolutionizing Agriculture with Sustainable, Soilless Cultivation

Hydroponics is the process of growing plants in a soilless environment with mineral nutrient solutions instead of soil. Hydroponics offers several advantages over traditional soil-based agriculture such as higher yield per unit area, minimal environmental effect, and independence from weather and pests. Hydroponic systems provide the plants with essential nutrients and water directly to their roots through dissolvable fertilizers. It makes use of less water as there is no run-off and drainage and produces quicker growth of plants.

The Hydroponics Market is estimated to be valued at US$ 10.6 billion in 2028 and is expected to exhibit a CAGR of 12% over the forecast period 2028. Key Takeaways Key players operating in the Hydroponics Market are Argus Control Systems Ltd., BrightFarms Inc., Circle Fresh Farms, Horti Tech, Hydrodynamics International, and Koninklijke Philips NV. Hydroponics facilitates higher yields and more frequent harvests per year compared to traditional farming. It produces yields 4-6 times greater than soil-based agriculture while using 95% less water. Key players are expanding their production facilities globally to meet the growing demand for contamination-free vegetables and fruits. The growing Hydroponics Market Growth for organic foods and rising environmental concerns over conventional farming practices are fueling the adoption of hydroponics worldwide. Furthermore, scarcity of arable land and shortage of freshwater resources are encouraging farmers to opt for sustainable soilless cultivation techniques. Countries in Asia Pacific and Middle East & Africa regions are increasingly implementing hydroponic farming systems to ensure food security. Market Key Trends One of the major trends in the hydroponics market is the increasing investment in indoor vertical farming projects. Indoor vertical farms maximize space utilization and enable year-round production regardless of weather conditions. Led by artificial intelligence (AI) and Internet of Things (IoT), they facilitate real-time monitoring of hydroponic parameters for optimum plant growth. With several notable projects underway, vertical farming is expected to revolutionize urban agriculture.

Porter's Analysis Threat of new entrants: Low startup costs and technical know-how are relatively low barriers for new entrants in hydroponics market. Bargaining power of buyers: Large retail buyers and online platforms have significant bargaining power against hydroponics suppliers. Bargaining power of suppliers: Specialized equipment manufacturers and distributors of hydroponic nutrients have some bargaining power over cultivators. Threat of new substitutes: Technologies like aeroponics and aquaponics pose threat of substitution to hydroponics systems in long run. Competitive rivalry: Many small and medium scale cultivators compete intensely to supply vegetables through grocers as well as online platforms. Geographical Regions North America accounts for the largest share in global hydroponics market, driven by early adoption and higher consumer spend in the US and Canada. Countries like Netherlands, Germany, Spain are the major markets in Europe due to emphasis on sustainable agricultural practices. Major share of hydroponics produce in Asia Pacific is concentrated in China, Japan and Australia owing to land and water constraints in these densely populated nations. The fastest growing regional market for hydroponics is Latin America led by Brazil, Chile and Colombia. This growth can be attributed to rising area under greenhouse cultivation supported by government initiatives and increasing exports of high value crops. Countries like Kenya and Morocco in Africa are also emerging as lucrative markets for hydroponics with growing commercial greenhouse industry.

Get more insights on Hydroponics Market

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Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. (https://www.linkedin.com/in/ravina-pandya-1a3984191)

#Coherent Market Insights #Hydroponics Market #Hydroponics #Soilless Farming #Indoor Gardening #Vertical Farming #Controlled Environment Agriculture #Hydroponic Systems #Plant Nutrients #Sustainable Farming #Aquaponics #Urban Farming

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rupalic · 2 months ago

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Plant Factory Industry Future Outlook, Global Trends, Industry Share And Top Key Players

The global plant factory market size was valued at US$ 129 million in 2022 and is poised to grow from US$ 138 million in 2023 to US$ 196 million by 2028, growing at a CAGR of 7.3% in the forecast period (2023-2028). Plant factories, also known as vertical farms or indoor farms, are advanced agricultural systems designed to produce crops in controlled environments using cutting-edge technology. These facilities utilize artificial lighting, climate control, and hydroponics or aeroponics to optimize plant growth, offering an innovative solution to the challenges faced by traditional agriculture.

Hydroponic farming, a key component of vertical farming, uses significantly less water than traditional agriculture due to its efficient water use system. Plants consume only 0.1% of the water supplied, with the rest being returned to the environment through evapotranspiration. In contrast, conventional farming often wastes water due to inefficient irrigation, evaporation, and poor water management. Vertical farming allows for efficient water use, using up to 95% less water than traditional methods. According to the Columbia University Earth Institute, vertical farmers use 70% to 95% less water compared to conventional farmers for plant cultivation.

Post-Pandemic Growth: How COVID-19 Accelerated Plant Factory Adoption in Restaurants and Grocery Stores

The adoption of indoor farming by restaurants and grocery stores is gaining momentum, driven initially by retailer acceptance and gradually by public acceptance. Major grocery chains like Walmart, Kroger, and Albertsons have established agreements with indoor growers to source produce. Publix, based in Lakeland, Florida, has also embraced this trend by introducing an on-site trailer farm from a nearby hydroponic grower. According to a 2021 survey by FMI, The Food Industry Association, 43% of consumers expressed a preference for produce grown outdoors over that grown indoors. However, members of Generation Z, who are rapidly becoming America’s most influential demographic, showed a stronger preference for produce from indoor sources.

Greenhouses Dominate Plant Factory Industry Share

Greenhouse farming offers several advantages over traditional farming methods, such as greater control over environmental factors like temperature, humidity, and lighting, which can result in higher crop yields and quality. As growers see the benefits of greenhouse farming, they may also become interested in incorporating plant factory technology into their operations, which can further increase efficiency, reduce costs, and improve crop quality. This can drive further demand for plant factory systems and technologies, leading to further growth in the plant factory industry.

Plant Factory Market Growth Drivers

To meet the rising demand for food and address the challenges posed by shrinking cropland and declining soil fertility, alternative farming techniques like vertical farming have gained prominence. These technologies are crucial for achieving food self-sufficiency, especially in countries that have historically struggled with domestic production and supply due to limited natural resources and unfavorable climatic conditions. The scarcity of arable land, poor soil quality, and increased food demand have spurred the development of innovative methods like vertical farming, which is gradually gaining traction worldwide. Vertical farming optimizes space by growing food in stacked layers or towers, offering advantages such as more efficient land use, consistent year-round crop production unaffected by weather conditions, and reduced water and pesticide usage.

In recent years, many restaurants have embraced the concept of local food, advancing it further with the acceptance of hyperlocal food. This approach involves restaurants either growing their own produce or sourcing it from nearby farms, promoting sustainability and supporting the local economy while ensuring high-quality ingredients. Hyperlocal restaurants, which source almost all their food locally, have become more common. Some restaurants even have their own gardens to grow the vegetables used in their dishes.

Europe Dominates Global Plant Factory Market Share

The plant factory industry has been studied in North America, Europe, Asia Pacific, South America and Rest of the World. The growth of the plant factory market in Europe is driven by a combination of factors, including increased demand for locally grown produce, government support and funding, technological advancements, environmental concerns, and growing consumer interest in sustainable and locally grown produce. Many European countries have implemented policies and initiatives that encourage the adoption of sustainable agricultural practices, including plant factories. For example, the European Union’s Horizon 2020 program has allocated significant funding for research and innovation in sustainable agriculture, including plant factory technology. Additionally, some countries offer tax incentives and other benefits to growers who adopt these practices.

Plant Factory Leaders: How AeroFarms, Gotham Greens, and Others are Shaping Agriculture

· AeroFarms: Transforming urban agriculture with over 14 years of expertise in aeroponics, AeroFarms builds large-scale indoor vertical farms for high-quality baby leafy greens and microgreens. With a focus on local freshness and a patented growing cloth medium, AeroFarms partners with global leaders like IKEA and Goldman Sachs to bring sustainable farming solutions to the US and beyond.

· Gotham Greens: Pioneering urban agriculture, Gotham Greens operates climate-controlled, solar-powered greenhouses across American cities. By leveraging hydroponic technology and machine learning, they produce fresh, local produce year-round, all while minimizing environmental impact with their sustainable energy practices.

· Bowery Farming Inc: As the largest vertical farming company in the US, Bowery Farming Inc. uses cutting-edge technology, including AI and robotics, to grow organic, pesticide-free produce. Their smart farms, powered by BoweryOS, ensure fresh, flavorful greens are available at major retailers and grocery stores across the Northeast and Mid-Atlantic regions.

· Oishii: Revolutionizing the fruit industry, Oishii’s vertical farms in the US produce the renowned Japanese "Omakase Berry." By mimicking ideal growing conditions and eliminating pesticides, Oishii delivers strawberries with unmatched sweetness and quality, advancing sustainability in the vertical farming sector.

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industrynewsupdates · 1 month ago

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Vertical Farming Market Size, Share, Growth and Industry Trends 2024 - 2030

The global vertical farming market size was valued at USD 6.92 billion in 2023 and is expected to grow at a CAGR of 20.1% from 2023 to 2030. Market growth is attributed to the growing adoption of environment-friendly production of fruits and vegetables. Unprecedented growth of the global population has increased the demand for urban agriculture.

Vertical farming is the practice of producing food in vertically stacked layers, such as in a used warehouse, skyscraper, or shipping container. Organic foods are perceived as healthier, more nutritious, safer, and more environmentally friendly. A critical factor that influences demand for organic food is the food purchasing behavior of consumers, which is essential for producers, policymakers, and suppliers to implement successful marketing strategies.

Obesity and heart diseases are prevalent health-related issues among consumers. Furthermore, growing depletion of groundwater and changing climatic conditions have urged traditional growers to adopt alternate farming methods. Increasing consumer concerns about health and the abovementioned factors are likely to elevate industry demand.

Gather more insights about the market drivers, restrains and growth of the Vertical Farming Market

Vertical Farming Market Report Highlights

• The escalating production of biopharmaceutical products is anticipated to drive the market

• The shipping container segment accounted for the largest market share in 2022. Shipping container-based farming uses less water than traditional farming with drip irrigation. Shipping containers can be easily stacked, modified, recycled, and refurbished at a lower cost. Additionally, the excess availability of unused shipping containers across the region will likely influence segment growth over the forecast period

• The hardware segment accounted the largest market share in 2022. The hardware plays a significant role in maintaining the environment of the indoor farms. The segment is further categorized into climate control systems, lighting systems, sensors, and irrigation systems, which enables the cultivation of indoor-grown crops

• The fruits vegetables, & herbs segment is also expected to have considerable growth over the forecast period. The increasing cultivation of commonly grown fruits and vegetables in greenhouses is driving the segment growth. Crops grown in vertical farming provide maximum profit to companies involved in their cultivation

• Based on offering, the climate control segment is expected to witness high growth over the forecast period as the growth of crops can be controlled by monitoring and adjusting the concentrations of minerals

• By growing mechanism, the aeroponics segment is expected to observe considerable growth over the forecast period as the aeroponics facilitate fast growth in plants (under normal conditions)

• The North American regional market is expected to witness significant growth over the forecast period owing to the expansion of small-scale, commercial vertical farms

Browse through Grand View Research's Next Generation Technologies Industry Research Reports.

• The global synthetic data generation market size was valued at USD 218.4 million in 2023 and is projected to grow at a CAGR of 35.3% from 2024 to 2030.

• The global service virtualization market size was valued at USD 786.0 Million in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 17.4% from 2024 to 2030.

Vertical Farming Market Segmentation

Grand View Research has segmented the global vertical farming market report based on structure, growing mechanism, crop category and region

Vertical Farming Structure Outlook (Revenue, USD Million, 2017 - 2030)

• Shipping Container

• Building-based

Vertical Farming Component Outlook (Revenue, USD Million, 2017 - 2030)

• Hardware

o Lighting

o Hydroponic components

o Climate control

o Sensors

• Software

• Services

o System Integration & Consulting

o Managed Services

o Assisted Professional Services

Vertical Farming Growing Mechanism Outlook (Revenue, USD Million, 2017 - 2030)

• Hydroponics

• Aeroponics

• Aquaponics

Vertical Farming Crop Category Outlook (Revenue, USD Million, 2017- 2030)

• Fruits Vegetables, & Herbs

o Tomato

o Lettuce

o Bell & Chili Peppers

o Strawberry

o Cucumber

o Leafy Greens (excluding lettuce)

o Herbs

o Others

• Flowers & Ornamentals

o Perennials

o Annuals

o Ornamentals

• Others (Cannabis, Microgreens)

Vertical Farming Regional Outlook (Revenue, USD Million, 2017 - 2030)

• North America

o U.S.

o Canada

o Mexico

• Europe

o Germany

o U.K.

o France

o Italy

o Spain

• Asia Pacific

o China

o Japan

o India

o Singapore

o South Korea

• South America

o Brazil

• Middle East and Africa (MEA)

Order a free sample PDF of the Vertical Farming Market Intelligence Study, published by Grand View Research.

#Vertical Farming Market #Vertical Farming Market size #Vertical Farming Market share #Vertical Farming Market analysis #Vertical Farming Industry

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omshinde5145 · 2 months ago

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Urban Farming Market Share, Key Market Players, Trends & Forecast, 2024–2030

The Urban Farming Market was valued at USD 1.9 billion in 2023-e and will surpass USD 2.7 billion by 2030; growing at a CAGR of 4.2% during 2024 - 2030. As the global population continues to urbanize, the urban farming market is growing rapidly, presenting new opportunities and challenges. This blog explores the factors driving the rise of urban farming, the benefits it offers, and the innovative trends shaping its future.

The report focuses on estimating the current market potential in terms of the total addressable market for all the segments, sub-segments, and regions. In the process, all the high-growth and upcoming technologies were identified and analyzed to measure their impact on the current and future market. The report also identifies the key stakeholders, their business gaps, and their purchasing behavior.

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The Driving Forces Behind Urban Farming

Sustainability and Environmental Concerns: With increasing awareness of climate change and environmental degradation, urban farming offers a way to reduce the carbon footprint associated with food transportation. Locally grown produce means fewer food miles and lower emissions.

Food Security: Urban areas, especially those with limited access to fresh produce, benefit from urban farming by ensuring a steady supply of nutritious food. This is particularly vital in food deserts where grocery stores are scarce.

Technological Advancements: Innovations in agriculture technology, such as hydroponics, aquaponics, and vertical farming, have made it feasible to grow crops in urban environments. These methods maximize space and resources, making urban farming more efficient and productive.

Economic Opportunities: Urban farming creates jobs and stimulates local economies. From farmers and gardeners to tech developers and marketers, the sector provides diverse employment opportunities.

Community Engagement: Urban farms often serve as community hubs, bringing people together to learn about sustainable practices, share resources, and foster a sense of belonging.

Benefits of Urban Farming

Improved Food Quality and Nutrition: Urban farms typically produce fresher and more nutrient-dense food compared to what is found in supermarkets. This is due to shorter supply chains and reduced need for preservatives.

Environmental Benefits: Urban farming can transform unused or underutilized spaces into green areas, improving air quality, reducing urban heat islands, and promoting biodiversity.

Educational Opportunities: Schools and community organizations use urban farms as living classrooms to teach children and adults about agriculture, nutrition, and environmental stewardship.

Mental and Physical Health: Gardening and farming activities provide physical exercise and mental health benefits, such as reduced stress and improved well-being.

Trends Shaping the Future of Urban Farming

Vertical Farming: By growing crops in stacked layers, vertical farming maximizes space, allowing for higher yields in smaller areas. This trend is particularly significant in densely populated cities with limited land availability.

Smart Farming Technologies: The integration of IoT (Internet of Things) devices, AI (Artificial Intelligence), and data analytics is revolutionizing urban farming. Smart sensors monitor soil moisture, nutrient levels, and plant health, optimizing growing conditions and reducing waste.

Community-Supported Agriculture (CSA): CSAs are gaining popularity as a model where consumers subscribe to receive regular shares of produce from local farms. This not only provides farmers with a stable income but also strengthens the connection between urban dwellers and their food sources.

Rooftop and Indoor Gardens: Utilizing rooftops and indoor spaces for farming is becoming more common. These gardens can be found on residential buildings, offices, and even restaurants, contributing to urban greening and sustainability.

Public Policy and Incentives: Governments and municipalities are increasingly recognizing the value of urban farming. Policies and incentives, such as grants, tax breaks, and zoning regulations, are being implemented to support and encourage the practice.

Get an insights of Customization: https://intentmarketresearch.com/ask-for-customization/urban-farming-market-3515.html

Challenges and Considerations

While urban farming offers numerous benefits, it also faces challenges. These include limited space, high initial setup costs, regulatory hurdles, and the need for specialized knowledge and skills. Addressing these challenges requires collaboration between policymakers, businesses, and communities to create supportive environments for urban farming initiatives.

Conclusion

The Urban Farming Market is poised for significant growth as cities strive to become more sustainable and self-sufficient. By leveraging technological advancements, fostering community engagement, and implementing supportive policies, urban farming can play a crucial role in shaping the future of urban living. As more people embrace this movement, the potential to transform our cities into greener, healthier, and more resilient spaces becomes increasingly attainable.

#Urban Farming #Urban Farming Size #Urban Farming Growth #Urban Farming Demand

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thatmcgwords · 2 months ago

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Imagine a world where you can have exactly what you want; when you want it; where you want it – with minimal waste or environmental impact. This is the promise of Proximity – new technologies and business models reshaping how we produce, distribute, and consume.

For centuries, businesses have been constrained by the economics of scale, relying on centralized mass production to deliver standardized products at low cost to a mass market. But what if this constraint could be overcome? What if businesses could reliably, and profitably, fulfill each customer's unique needs, in real-time, with products produced near the point of demand?

Advanced technologies like 3D printing, robotics, AI, and ubiquitous connectivity are enabling companies to postpone production until the moment demand arises, and then rapidly deliver customized products with minimal lead time and waste. The result is a fundamental shift from a "push" to a "pull" economy, where supply dynamically adjusts to demand instead of the other way around.

Proximity unlocks previously impossible levels of choice, convenience, and personalization. For businesses, it promises to boost profitability by eliminating overproduction, inventory holding costs, and supply chain inefficiencies. And for society and the environment, it offers a path to more sustainable consumption, reducing waste by producing only what is needed.

Take, for example, how t-shirts are made. Traditionally, they were mass-produced in large factories, with thousands of identical units shipped to retail stores worldwide. This often led to excess inventory and significant environmental waste. Now, imagine you want a unique T-shirt. You go online, design it with your preferred color, pattern, and size, and place the order. This order is sent to a nearby printshop and, within hours, your custom shirt is ready and delivered directly to your doorstep. This is what the shift to a “pull” economy promises.

ut realizing this vision requires more than just new technologies. It demands a wholesale reinvention of business models, organizational structures, and mindsets. But pioneering companies are already showing the way. From on-demand manufacturing of personalized products, like t-shirts, to hyperlocal food production, Proximity pioneers are upending traditional notions of what is possible and profitable.

Fundamentally, Proximity is about leveraging digital technologies to create value closer to the moment and location of demand. It's a world in which goods and services are produced and delivered, not based on long-range forecasts and sprawling supply chains, but in response to specific, real-time customer needs.

Consider how the rise of 3D printing is enabling manufacturers to produce complex parts on-demand, right where they're needed, instead of relying on centralized factories and lengthy logistics. Or, as we’ll see, how vertical farms are sprouting up in urban centers, growing fresh produce just miles from the consumers who eat it. These are just glimpses of the Proximity principle in action.

P=0

In the early months of 2020, as the COVID-19 pandemic swept across the globe, the world witnessed a remarkable phenomenon: the rapid adoption of new digital technologies. From remote work and virtual schooling to online shopping and telemedicine, the crisis prompted a shift towards digital solutions almost overnight. But as significant as this pivot was, it merely accelerated a deeper trend that had been gathering momentum for years – the inexorable march towards Proximity.

Digital tools are transforming the old constraints of geography and scale. How? By allowing capabilities to be distributed, connected, and coordinated across a multitude of locations and at low cost. Simultaneously, these tools are enabling the creation and storage of value in digital form – think algorithms, designs, and intellectual property – with near-zero marginal costs.

Together, these two attributes are moving economic models closer to what the author calls “P = 0” – a theoretical ideal where there is no delay or distance between the moment and place where a product or service is needed by a customer – and when it is created and delivered. In other words, the promise of P=0 is one where the instantaneous matching of supply and demand is increasingly within reach.

As business models approach P=0, the need for demand prediction fades away, replaced by the ability to trigger production based on actual, present need. Waste and inefficiency, the scourges of the industrial age, melt away as raw materials are converted into finished products only when required. The old trade-off between customization and cost evaporates, enabling companies to profitably deliver bespoke solutions at mass-market prices.

And as organizations gather and leverage granular data on every customer interaction, they can achieve unprecedented levels of responsiveness and learning, continuously improving their offerings over time.

But all this warrants a rethink. The old playbooks, honed in the era of centralized production and static supply chains, no longer suffice. Instead, companies must cultivate an ecosystem mindset, forging fluid partnerships across industries to access the data and capabilities they need.

Take, for example, the automotive industry. Tesla collaborates with battery manufacturers, software companies, and renewable energy providers to create a seamless ecosystem of products and services.

In the world of Proximity, companies must strive to track every point of demand: that is, not just what the customer wants, but when, where, and in what context they want it. It means building a comprehensive, real-time understanding of customer needs.

They must ruthlessly compress, distribute, and coordinate their production and provision, and align their operations ever more closely with the rhythms of the market. And above all, they must develop resilient processes, able to adapt to constant change.

As with any great disruption, the challenges of Proximity are formidable. But so too are the opportunities vast, for those who can harness its potential.

Proximity and the food system

In the heart of Brooklyn, a shipping container hums with life. Inside, a carefully controlled environment of hydroponic trays, LED lights, and sensors surround a crop of fresh greens and herbs. This is the vision of Square Roots, an urban farming startup that aims to bring food production closer to consumers in the most unlikely of places. And it's one example of the Proximity revolution that’s transforming how we feed ourselves.

As the world's population hurtles towards 10 billion by 2050, we face an existential challenge: how to nourish all those people without destroying the Earth in the process. Part of the answer may lie in a shift towards more localized, technology-driven food systems that can deliver fresh, nutritious produce with a smaller environmental footprint.

Controlled Environment Agriculture (CEA) is a suite of techniques that allow crops to be grown indoors, in highly optimized conditions. From vertical farms that stretch upwards in towering stacks to modular units housed in repurposed shipping containers, CEA comes in various forms. But what they all share is an ability to boost yields while slashing water usage and freeing food production from the constraints of geography and climate.Imagine a restaurant harvesting its own herbs from a rooftop garden, or a supermarket that sources its produce from a warehouse farm just blocks away.

But the Proximity revolution isn't just about plants. Land-based aquaculture brings fish farming out of the oceans and into carefully controlled tanks on shore. By recycling water and eliminating the risks of disease and pollution, these systems can deliver fresh, healthy seafood with a dramatically lower environmental impact.

Even more radical – and more congruent with animal welfare – are emerging techniques of cellular agriculture, in which meat is grown directly from cultured cells in a laboratory setting. Imagine biting into a juicy steak or a crispy piece of fried chicken, knowing that no animal had to suffer for your meal. That's the tantalizing prospect offered by cultured meat, and while the technology is still in its infancy, it holds immense potential to reshape our relationship with animal protein.

As these technologies mature and scale, they’re likely to reshape the geography of food production in profound ways. While large-scale, centralized agriculture will continue to play a vital role in feeding the world, particularly for staple crops and commodities, an increasing share of our food may come from smaller, more distributed operations located closer to the point of consumption. Imagine a hybrid system where the bulk of our grains and soybeans are still grown on vast farms in the heartland, but our fruits, vegetables, and proteins are increasingly sourced from a network of vertical farms, greenhouses, and cultivators woven into the fabric of our cities and communities.

This transition won't happen overnight, and it won't be without its challenges. But by harnessing the power of innovation and technology, we have the opportunity to build a future where fresh, nutritious food is abundant and accessible to all, no matter where they live.

The main takeaway of this Blink to Proximity by Robert C. Wolcott and Kaihan Krippendorff is that new technologies are enabling a fundamental shift in how we produce and consume goods and services. By allowing production to happen closer to the time and place of demand, businesses can deliver highly personalized products and services more efficiently.

This move towards Proximity promises to unlock new levels of customer value, business profitability, and sustainability. Realizing this potential, however, requires reinventing business models. Businesses must embrace an ecosystem mindset and leverage real-time data about consumer behavior and preferences.

In the end, the winners will be those who can embrace Proximity and harness its potential to create better outcomes for customers, society, and the planet.

#blinkist

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market-insider · 2 months ago

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Market Report on Vertical Farming Products: Understanding Size, Share, and Growth Trajectories

Artificial lighting helps in extending the hours of natural daylight, which further increases the health, growth rate, and yield of the plants. Artificial lighting such as high-pressure sodium lighting and LED lighting can extend the availability of crops (throughout a season). LED lighting systems produce a dual-band color spectrum and generate low heat. They are anticipated to witness significant growth over the forecast period.

A hydroponic system is a method of growing plants without soil. A hydroponic system eliminates the need for pesticides and artificial ripening agents and helps in producing nutritionally-rich vegetables. However, factors such as high initial investment and fewer crop varieties are likely to restrain the market growth.

For More Details or Sample Copy please visit link @: Vertical Farming Market Report

Vertical Farming Market Report Highlights

The escalating production of biopharmaceutical products is anticipated to drive the market

The shipping container segment accounted for the largest market share in 2022. Shipping container-based farming uses less water than traditional farming with drip irrigation. Shipping containers can be easily stacked, modified, recycled, and refurbished at a lower cost. Additionally, the excess availability of unused shipping containers across the region will likely influence segment growth over the forecast period

The hardware segment accounted the largest market share in 2022. The hardware plays a significant role in maintaining the environment of the indoor farms. The segment is further categorized into climate control systems, lighting systems, sensors, and irrigation systems, which enables the cultivation of indoor-grown crops

The fruits vegetables, & herbs segment is also expected to have considerable growth over the forecast period. The increasing cultivation of commonly grown fruits and vegetables in greenhouses is driving the segment growth. Crops grown in vertical farming provide maximum profit to companies involved in their cultivation

Based on offering, the climate control segment is expected to witness high growth over the forecast period as the growth of crops can be controlled by monitoring and adjusting the concentrations of minerals

By growing mechanism, the aeroponics segment is expected to observe considerable growth over the forecast period as the aeroponics facilitate fast growth in plants (under normal conditions)

The North American regional market is expected to witness significant growth over the forecast period owing to the expansion of small-scale, commercial vertical farms

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We have segmented the global vertical farming market report based on structure, growing mechanism, crop category and region.

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ashwetu · 19 days ago

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Vertical Farming Market to Reach $43.88 Billion by 2031 Amid Rising Demand for Sustaina

Market Drivers and Growth Opportunities

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Detailed Market Segmentation

The report provides an extensive analysis of the vertical farming market, segmented by component, growth mechanism, structure, crop type, and geography:

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