Where Is Vertical Farming Popular?

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Country Coverage

  • The countries covered in the vertical farming market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Market Overview

  • Vertical farming is primarily a modern technique of producing crops in vertically stacked structures or layers.
  • The global vertical farming market size reached USD 5.1 billion in 2022 and is projected to surpass around USD 39.9 billion by 2032 with a CAGR of 22.89% from 2023 to 2032.
  • U.S. vertical farming market was valued at USD 552.7 million in 2022.

Market Growth Factors

  • The growth of the market can be attributed to growing demand for organic food owing to improved standard of living and health concerns.
  • Small spaces can be utilized for vertical farming, increasing the harvest size exponentially.

Advantages of Vertical Farming

  • The advantages of vertical farming over conventional farming boost market growth.
  • By far, aeroponics is the most sustainable soilless growing technique.

Market Projection

  • The vertical farming market is projected to grow from USD 6.2 billion in 2023 to USD 33.5 billion by 2032, exhibiting a compound annual growth rate of 23.30% during the forecast period from 2023 to 2032.

Notable Facilities

  • The world’s largest facility is ECO1, a collaboration between Crop One Holdings and Emirates Flight Catering, producing more than 900 tonnes of leafy greens annually.

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