United States Vertical Farming Market:
The GMI Research’s latest analysis reveals that the United States Vertical Farming Market is slated to register a significant CAGR in the upcoming years. This is attributed to the decreasing amount of arable land, growing inclination in the consumers’ preference towards organic products, the increased output from less cultivation land, and the growing production of crops.
United States Vertical Farming Market’s leading Manufacturers:
- AeroFarms
- Freight Farms
- Green Sense Farms Holdings Inc.
- Green Spirit Farms
- Plenty Unlimited Inc.
- Bowery Farming Inc.
- Altius Farms
United States Vertical Farming Market Dynamics (including market size, share, trends, growth, forecast, and industry analysis)
Key Drivers
The major factors contributing to the growth of the United States vertical farming market size include the decreasing amount of arable land, growing inclination in the consumers’ preference towards organic products, and the growing production of crops. As per the United States vertical farming market report, the rising awareness regarding various benefits provided by this kind of farming, including reduced exposure to chemicals & diseases, low use of water, no impact of changing weather conditions, and the increased output from less cultivation land, are further propelling the growth of the vertical farming industry growth in the United States.
According to the United States vertical farming market analysis, the increasing population of biopharmaceutical products, the rising demand for organic food products owing to the rising number of health diseases are promoting the individuals to opt for healthier food products, thereby fuelling the demand of the market. Vertical farming aids in reducing the carbon footprint owing to its improved proximity to the consumers, which leads to a sharp fall in the distance covered by trucks. As per the United States vertical farming market research, the rapid advancement in light-emitting diode (LED) technology is expected to create lucrative opportunities for the market. LED lights are extremely cost-effective and efficient to decrease the overall farming cost of the growers. All these factors are accelerating the requirement for vertical farming in the US. The country is the biggest market for hydroponic systems, particularly in North America. The growing popularity of greenhouse horticulture is increasing the hydroponics market in the US. The owner of grocery stores is fundamentally shifting towards hydroponic farmers to fulfill the especial consumer demand in the severe weather climate. This factor is anticipated to bolster the growth of the market.
Structure Segment Drivers
Based on the structure, the shipping container vertical farms is projected to lead the market due to the capability of the structure to encourage crop growth irrespective of the geographical location. The shipping container-based farming utilizes 95% less water in comparison to the traditional cultivation using drip. In addition to this, they are easily modified, durable, stackable, and can be recycled at a reduced price.
United States Vertical Farming Market Segmentation:
Segmentation by Growth Mechanism:
- Aeroponics
- Aquaponics
- Hydroponics
Segmentation by Structure:
- Shipping Container Vertical Farms
- Building-Based Vertical Farms
Segmentation by Crop Type:
- Pepper
- Lettuce
- Spinach
- Broccoli
- Tomatoes
- Cucumbers
- Pomegranates
- Strawberries
- Others
Segmentation by Offering:
- Hydroponics Components
- Lighting
- Sensors
- Climate Control
About GMI Research
GMI Research is one of the leading market research and consulting company that offers consulting services, syndicated research reports, and customized market research reports. We help our client to make informed business decisions and provide market intelligence studies related to the various industries such as automotive, energy, healthcare, chemicals, technology, and other sectors. Our research teams include seasoned analysts and researchers have hands-on experience in every regions, including Asia-pacific, Europe, North America, and the Rest of the World. Our market research report provides in-depth analysis, which contains refined forecasts, a bird’s eye view of the competitive landscape, factors impacting the market growth, and several other market insights to aid companies in making strategic decisions. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to help our clients to stay ahead of the curve.
Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
Address: Dublin, Ireland
Website: www.gmiresearch.com
