Growth opportunities in the United States Vertical Farming Market look promising over the next six years. This is mainly due to reducing arable land, continuous technological advancement, and increasing awareness about the numerous advantages imparted by this farming type.
United States Vertical Farming Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
The United States vertical farming industry is forecasted to witness remarkable growth in the near future. The increasing inclination in favor of natural products, decreasing amount of fertile land, along with augmenting the production of crops are some of the prominent drivers responsible for the growth of the market. Also, the surging consciousness associated with the enormous beneficial features imparted by this type of farming, such as reduced use of water, low subjection to chemicals & diseases, raised output from less agricultural hand, and no influence of changing weather conditions are further strengthening the vertical farming market size.
Additionally, the surging production of biopharmaceutical products, robust demand for natural food products led by the rising number of health diseases has persuaded individuals to choose healthier food products, thereby stimulating market growth. Moreover, it helps to minimize the carbon footprint owing to their increased accessibility to the consumers, which in turn has resulted in a fall in the distance covered by trucks. The ongoing expansion in the light-emitting diode (LED) technology is paving the way for market growth. LED lights are highly economical and efficient to reduce the overall farming cost of the growers. These factors together have supplemented the market growth. In addition, the nation is regarded as the largest market for hydroponic systems, primarily in North America. As per the vertical farming market report, the growing prominence of greenhouse horticulture is fuelling the hydroponics market in the U.S. The possessors of grocery stores prefer these farmers to meet the serve consumer demand in the acute weather climate, which will propel the market share.
Offering Segment Drivers
Based on the offering, climate control is projected to lead the market during the forecast period. This is defined as agriculture where the plants are cultured inside a greenhouse under a restrained environment. Furthermore, the growing emphasis on preventing and maintaining the optimum growth conditions of the crops is driving the market growth.
United States Vertical Farming Market’s leading Manufacturers:
- Altius Farms
- Plenty Unlimited Inc
- Green Sense Farms Holdings Inc.
- AeroFarms
- Bowery Farming Inc.
- Green Spirit Farms
- Freight Farms
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
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