Updated Research Report of Vertical Farming Market 2020-2024:
Amid the COVID-19 crisis, the global market for Vertical Farming estimated at US$3 Billion in the year 2020, is projected to reach a revised size of US$10.4 Billion by 2024, growing at a CAGR of 19.6% over the analysis period 2020-2024. Hydroponics, one of the segments analyzed in the report, is projected to record a 19.7% CAGR and reach US$7.8 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Aeroponics segment is readjusted to a revised 20.8% CAGR for the next 4-year period.
The U.S. Market is Estimated at $800.2 Million, While China is Forecast to Grow at 24.7% CAGR
The Vertical Farming market in the U.S. is estimated at US$800.2 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.4 Billion by the year 2024 trailing a CAGR of 24.6% over the analysis period 2020 to 2024. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 15.3% and 18% respectively over the 2020-2024 period. Within Europe, Germany is forecast to grow at approximately 16.9% CAGR.
Aquaponics Segment to Record 15.3% CAGR
In the global Aquaponics segment, USA, Canada, Japan, China and Europe will drive the 14.7% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$193.7 Million in the year 2020 will reach a projected size of US$506.7 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.5 Billion by the year 2024, while Latin America will expand at a 16.6% CAGR through the analysis period. We bring years of research experience to this 7th edition of our report. The 208-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
The major players profiled in this report include:
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The end users/applications and product categories analysis:
On the basis of product, this report displays the sales volume, revenue (Million USD), product price, market share and growth rate of each type, primarily split into-
On the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, sales volume, market share and growth rate of Vertical Farming for each application, including-
Key questions answered in the report:
What will the market growth rate of Vertical Farming market in 2024?
What are the key factors driving the global Vertical Farming market?
What are sales, revenue, and price analysis of top manufacturers of Vertical Farming market?
Who are the distributors, traders and dealers of Vertical Farming market?
Who are the key manufacturers in Vertical Farming market space?
What are the Vertical Farming market opportunities and threats faced by the vendors in the global Vertical Farming market?
What are sales, revenue, and price analysis by types and applications of Vertical Farming market?
What are sales, revenue, and price analysis by regions of Vertical Farming market?
What are the market opportunities, market risk and market overview of the Vertical Farming market?
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Major Key Points in Table of Content
Part I Vertical Farming Industry Overview
Chapter One Vertical Farming Industry Overview
Chapter Two Vertical Farming Up and Down Stream Industry Analysis
Part II Asia Vertical Farming Industry (The Report Company Including the Below Listed But Not All)
Chapter Three Asia Vertical Farming Market Analysis
Chapter Four 2015-2020 Asia Vertical Farming Productions Supply Sales Demand Market Status and Forecast
Chapter Five Asia Vertical Farming Key Manufacturers Analysis
Chapter Six Asia Vertical Farming Industry Development Trend
Part III North American Vertical Farming Industry (The Report Company Including the Below Listed But Not All)
Chapter Seven North American Vertical Farming Market Analysis
Chapter Eight 2015-2020 North American Vertical Farming Productions Supply Sales Demand Market Status and Forecast
Chapter Nine North American Vertical Farming Key Manufacturers Analysis
Chapter Ten North American Vertical Farming Industry Development Trend
Part IV Europe Vertical Farming Industry Analysis (The Report Company Including the Below Listed But Not All)
Chapter Eleven Europe Vertical Farming Market Analysis
Chapter Twelve 2015-2020 Europe Vertical Farming Productions Supply Sales Demand Market Status and Forecast
Chapter Thirteen Europe Vertical Farming Key Manufacturers Analysis
Chapter Fourteen Europe Vertical Farming Industry Development Trend
Part V Vertical Farming Marketing Channels and Investment Feasibility
Chapter Fifteen Vertical Farming Marketing Channels Development Proposals Analysis
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