The global Vertical Farming Market is forecasted to garner a valuation of USD 11.71 billion by 2027, growing at an annual growth rate of 20.1%, according to the latest report by Emergen Research. The market expansion can be attributed to the increasing trend and demand for organic food products worldwide. The escalating environmental concerns such as soil quality and groundwater depletion by applying chemical-based solutions have augmented the progress of the vertical farming market.
The latest study unravels the unfavorable impacts of the COVID-19 pandemic on the global Vertical Farming business sector. According to our expert team, the corona virus outbreak has had an overwhelming impact on the global economic landscape, and consequently, on this business vertical. The pandemic is expected to contribute to the potential downturn of the Vertical Farming industry substantially. Reportedly, this sector has been financially beleaguered since the COVID-19 lockdown restrictions were put into effect. Hence, the report highlights the financial obstacles that have slowed numerous businesses’ progress in this sector and disrupted the global supply chains.
Competitive Overview:
The global Vertical Farming market report closely studies the functioning mechanisms of the key companies participating in the global market. These companies are said to be following a slew of business expansion strategies to reinforce their financial positions in this market. As per the report, these companies account for a major portion of the overall Vertical Farming market share. Therefore, this section of the report emphasizes the principal strategic initiatives led by these companies, including mergers & acquisitions, joint ventures, new business deals, new product launches, collaborations, technological upgradation, and several others.
Key Market Players:
Freight Farms, BrightFarms, Osram, SKY GREENS, Aerofarms, HELIOSPECTRA AB, Illumitex, Inc., Signify, AGRICOOL, and Everlight Electronics, among others
Global Vertical Farming Market Report – Table of Contents:
- Report Overview
1.1 Research Scope
1.2 Key Vertical Farming market segments
1.3 Target players
1.4 Market analysis by type
1.5 Market analysis by application
1.6 Key learning objectives
1.7 Report timeline
- Global Growth Trends
2.1 Global Vertical Farming market size
2.2 Latest trends of the Vertical Farming market by region
2.3 Key corporate trends
- Global Vertical Farming Market share by key players
3.1 Global Vertical Farming Market size by manufacturers
3.2 Global Vertical Farming Market key players
3.3 Products/solutions/services of major players
3.4 New entrants in the Vertical Farming market
3.5 Mergers, acquisitions, joint ventures, and expansion plans
- Global Vertical Farming Market by product type
4.1 Global Vertical Farming Sales by Product
4.2 Global Vertical Farming by Product Revenue
Download the full Vertical Farming market description@ https://www.emergenresearch.com/industry-report/vertical-farming-market
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