Vertical Farming Technologies Market Size to Grow by USD 8.52 billion, 4D Bios Inc. and AeroFarms LLC Among Key Vendors – Technavio – Kilgore News Herald
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Technavio has announced its latest market research report titled Vertical Farming Technologies Market by Application and Geography – Forecast and Analysis 2022-2026
Technavio has announced its latest market research report titled Vertical Farming Technologies Market by Application and Geography – Forecast and Analysis 2022-2026
NEW YORK, July 18, 2022 /PRNewswire/ — Vertical farming technologies include climate control systems, grow lights, farm management systems, and material handling systems that help in growing plants without the use of soil.
The vertical farming technologies market size is expected to grow by USD 8.52 billion from 2021 to 2026. In addition, the growth momentum of the market will accelerate at a CAGR of 24.74% during the forecast period.
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Major Driver
The growing focus on reducing labor costs for farming is driving the growth of the market. Manual labor is needed on-site only for planting and packaging crops. The cost of access is one of the major costs associated with farming. The cost required for laborers to spend on the farm for walking, riding scissor lifts, retrieving growing channels, and checking the crops is also included. However, this cost can be reduced with the help of vertical farming technologies such as zip racks and stacked NFT. Hence, such technologies can increase labor efficiency and reduce costs. Such factors will drive the vertical farming technologies market growth during the forecast period.
Major Vertical Farming Technologies Companies
4D Bios Inc., AeroFarms LLC, Agrilution Systems GmbH, Altius Farms, Bowery Farming Inc., Eden Green Technology, Freight Farms Inc., Gronska Stadsodling, Grow Pod Solutions, GrowUp Farms Ltd., Hort Americas LLC, IGS Ltd., Indoor Urban Farming GmbH, Koninklijke Philips NV, SANANBIO, Sky Greens, Swegreens, Urban Crop Solutions, Vertical Farm Systems Pty Ltd, and Vertical Future Ltd., among others, are the major vendors operating in the market. The key offerings of some of the vendors are listed below:
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Vertical Farming Technologies Market Application Outlook (Revenue, USD bn, 2021-2026)
Vertical Farming Technologies Market Geography Outlook (Revenue, USD bn, 2021-2026)
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Revenue-generating Application Segments
The hydroponics segment will have the highest contribution to market growth during the forecast period. This growth is attributed to the growing inclination of end-users toward patented hydroponics systems and the availability of hydroponics with advanced robotics controls.
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Vertical Farming Technologies Market Scope
Report Coverage
Details
Page number
120
Base year
2021
Forecast period
2022-2026
Growth momentum & CAGR
Accelerate at a CAGR of 24.74%
Market growth 2022-2026
USD 8.52 billion
Market structure
Fragmented
YoY growth (%)
24.36
Regional analysis
Europe, APAC, North America, South America, and Middle East and Africa
Performing market contribution
Europe at 34%
Key consumer countries
US, Canada, Japan, China, and The Netherlands
Competitive landscape
Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled
4D Bios Inc., AeroFarms LLC, Agrilution Systems GmbH, Altius Farms, Bowery Farming Inc., Eden Green Technology, Freight Farms Inc., Gronska Stadsodling, Grow Pod Solutions, GrowUp Farms Ltd., Hort Americas LLC, IGS Ltd., Indoor Urban Farming GmbH, Koninklijke Philips NV, SANANBIO, Sky Greens, Swegreens, Urban Crop Solutions, Vertical Farm Systems Pty Ltd, and Vertical Future Ltd.
Market dynamics
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period
Customization purview
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Application
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
View original content to download multimedia:https://www.prnewswire.com/news-releases/vertical-farming-technologies-market-size-to-grow-by-usd-8-52-billion-4d-bios-inc-and-aerofarms-llc-among-key-vendors—technavio-301587498.html
SOURCE Technavio
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