Global Vertical Farming Crops Market Size to Reach $1,384.6 million by 2027, growing at a CAGR of 26.2%

A new study on the global vertical farming crops market has been recently added to the vast repository of Report Ocean. The report, titled “Vertical Farming Crops Market by Crop Type (Tomato, Leafy Greens, Herbs, and Others), End User (Direct Retail and Food Service), and Farming Technique (Hydroponics, Aeroponics, and Aquaponics): Global Opportunity Analysis and Industry Forecast, 2021–2027” offers a detailed study of this market on the basis of its past and current performance.

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According to the research report, the shrinkage of arable land is the main factor behind the growth of the global vertical farming market. With the constantly rising global population, the need for food has augmented substantially and so is the requirement to increase the crop yield. This has encouraged farmers and agriculturists to look for alternatives of arable flat lands, of which vertical farming has surfaced as a leading option.

Global Vertical Farming Crops Market: Dynamics

In this research report, the vertical farming crops market has been analyzed on the basis of the crop type, end user, farming technique, and the region. Based on the crop type, the market has been categorized into tomato, leafy greens, herbs, and others. The leafy green segment has been the highest contributor to the global market. By end user, the market has been bifurcated into direct retail and food service. The food service segment is anticipated to grow at a higher growth rate during the forecast period.

By farming technique, the market is classified into hydroponics, aeroponics, and aquaponics. The hydroponics segment has been leading the global market and is expected to remain so over the next few years. Geographically, the market has been studied across North America, Europe, Asia Pacific, and LAMEA in this report. North America has been leading the global market over the last few years and is projected to retain its position during the forecast period.

The key players operating in the vertical farming crops market, profiled in this report, are AeroFarms, PlantLab, Spread Co., Bowery Farming, InFarm, Plenty, Gotham Greens, AgriCool, CropOne, and Green Spirits Farm.

Impact of Covid 19 on Global Vertical Farming Crops Market

The global agriculture industry is one of the worst-hit industries by Covid 19 across the world. The stoppage of work in the farm disrupted the overall ecosystem of the agriculture industry. The related markets, including the vertical farming crops market, are also facing severe disturbance due to the pandemic.

Key Findings:

• Based on the crop type, the leafy green segment has been the highest contributor to the global market.
• On the basis of the end user, the food service segment is anticipated to grow at a higher growth rate during the forecast period.
• By the farming technique, the hydroponics segment has been leading the global market and is expected to remain so over the next few years.
• North America has been leading the global market over the last few years and is projected to retain its position during the forecast period.

The global vertical farming crops market is segmented into:

By Crop Type

• Tomato
• Leafy Greens
• Herbs
• Others

By End User

• Direct Retail
• Food Service

By Farming Technique

• Hydroponics
• Aeroponics
• Aquaponics

By Region

North America

• U.S.
• Canada
• Mexico

Europe

• Germany
• France
• Italy
• Spain
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• South Korea
• Rest of Asia Pacific

LAMEA

• Latin America
• Middle East
• Africa

Companies Mentioned in the Report

• AeroFarms
• PlantLab
• Spread Co.
• Bowery Farming
• InFarm
• Plenty
• Gotham Greens
• AgriCool
• CropOne
• Green Spirits Farm

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