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Vertical Farming Market Trends, Market Share, Industry Size, Growth, Sales, Opportunities and Forecast to 2027

Vertical Farming Market Overview:

In order to reduce the amount of space needed for growth, vertical farming is done in a closed environment where plants are grown on shelves. Growing crops in a vertical stack layer under artificial light and temperature is known as vertical farming. In comparison to conventional farming techniques, vertical farming uses less land, uses less water, has lower labour costs, and produces more. Vertical farming is used for crops like summer squash, peppers, eggplant, melon, English cucumbers, herbs, tomatoes, and mushrooms.

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Lack of technically skilled labour and the capacity of affecting communities are hampering the growth of the market:

One of the biggest problems with vertical farming lies in the fact that it can affect and even destabilize many communities that are almost completely dependent on agriculture. Vertical farming often involves the use of technical solutions such as cameras, sensors, automated systems, artificial intelligence, hydroponic, Aquaponics, and Aeroponics systems. To operate these advanced systems, a knowledgeable and skilful workforce is essential. Lack of a skilled workforce has affected different sectors at a global level, and vertical farming is not an exception. This major restraining factor has hampered the growth of the vertical farming market.

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Vertical Farming Market Segmentation:

The market is divided into three types: aquaponics, aeroponics, and hydroponics. In 2020, hydroponics held a 41.2% share of the market, dominating it. Making the most of limited space, hydroponic farms are frequently vertically grown, with LED lighting for each layer of the plant. This makes them a viable option for growing plants indoors. For space savings, crops can be planted much closer together. Crops are grown hydroponically, also referred to as "soilless agriculture," without the use of soil. The roots are developed in this section in a liquid nutrient solution. Hydroponic farming was introduced because it has low startup costs, water-saving techniques, is simple to use, and yields higher profits.

Key Players:

Green Spirit Farms
Bowery farming
BrightFarms
Gotham Greens
Iron Ox
Infarm
Agricool
CropOne
Illumitex
PodPonics
COVID-19 Impact Analysis on 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 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.

Key Questions answered in the Vertical Farming Market Report are:

Which product segment grabbed the largest share in the Vertical Farming market?
How is the competitive scenario of the Vertical Farming market?
Which are the key factors aiding the Vertical Farming market growth?
Which region holds the maximum share in the Vertical Farming market?
What will be the CAGR of the Vertical Farming market during the forecast period?
Which application segment emerged as the leading segment in the Vertical Farming market?
Which are the prominent players in the Vertical Farming market?
What key trends are likely to emerge in the Vertical Farming market in the coming years?
What will be the Vertical Farming market size by 2029?
Which company held the largest share in the Vertical Farming market?
About Stellar Market Research:

A market research and consulting company called Stellar Market Research offers consulting services as well as syndicated and custom-made research reports. The company's products are primarily focused on helping businesses identify, target, and analyse changes in consumer behaviour across demographics and industries in order to help them make better business decisions. The company conducts market intelligence studies in a range of industries, including healthcare, touch points, lawful interceptions, types, and energy, in order to provide pertinent and fact-based research. Stellar Market Research has a sizable staff of highly qualified analysts with expertise in a variety of industries. Due to the company's expertise in the field and capacity to offer a practical resolution to any research problem, clients can gain a competitive edge over their rivals.

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