Global Vertical Farming Industry to 2026 – Advancements in Gardening & Farming Technologies Propel Market Growth – ResearchAndMarkets.com

Global Vertical Farming Industry to 2026 – Advancements in Gardening & Farming Technologies Propel Market Growth – ResearchAndMarkets.com
CANNANNEW REPORT

DUBLIN–(BUSINESS WIRE)–The “Vertical Farming – Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s offering. The global market for Vertical Farming estimated at US$2.7 Billion in the year 2020, is projected to reach a revised size of US$5.8 Billion by 2026, growing at a CAGR of 14% over the analysis period. Lighting, one of the segments analyzed in the report, is projected to grow at a 13.9% CAGR to reach US$2.2 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Hydroponic Components segment is readjusted to a revised 13.6% CAGR for the next 7-year period. This segment currently accounts for a 20.3% share of the global Vertical Farming market. The U.S. Market is Estimated at $779.3 Million in 2021, While China is Forecast to Reach $888 Million by 2026 The Vertical Farming market in the U.S. is estimated at US$779.3 Million in the year 2021. The country currently accounts for a 26.94% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$888 Million in the year 2026 trailing a CAGR of 16.4% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 11.9% and 12.7% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 12.5% CAGR while Rest of European market (as defined in the study) will reach US$1 Billion by the close of the analysis period. Select Competitors (Total 70 Featured) – 4D Bios, Inc. AeroFarms LLC Agrilution Systems GmbH AMHYDRO (American Hydroponics) Everlight Electronics Co., Ltd. Freight Farms General Hydroponics, Inc. Heliospectra AB FarmVisionAI Mirai Co., Ltd. Osram Licht AG Plenty Unlimited, Inc.…

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Source : Global Vertical Farming Industry to 2026 – Advancements in Gardening & Farming Technologies Propel Market Growth – ResearchAndMarkets.com

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