United States Vertical Farming Market Research Report

 

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.

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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

About GMI Research

GMI Research is a market research and consulting company that offers business insights and market research reports for large and small & medium enterprises. Our detailed reports help the clients to make strategic business policies and achieve sustainable growth in the particular market domain. The company's large team of seasoned analysts and industry experts with experience from different regions such as Asia-Pacific, Europe, North America, among others, provides a one-stop solution for the client. Our market research report has in-depth analysis, which includes refined forecasts, a bird's eye view of the competitive landscape, key factors influencing the market growth, and various 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 helping our clients to stay ahead of the curve.

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