The vertical farming market is expected to reach USD 6.5billion by the end of 2024 at a CAGR of 20% between 2019 to 2024. Vertical farming is a nontraditional method of plant cultivation that enables small land to be utilized for more production, which has several advantages of the easy harvesting process, less water consumption, less time consumption, negligible climate, and many others.

Next, on the basis of different segments that manufacturers specialize in, the study scans and evaluates the price of different products, sales, value, customer preference and spending capacity for the forecast period, 2027. Profiles of the top performers from across the world are also included in the study with the aim to bring to light the winning strategies that has helped them occupy a strong foothold in the market. All of these information and more are explained through resources such as charts, tables and info graphics.

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Regional analysis

The market has been spread into North America, the Asia Pacific, Europe, and other parts. The Asia Pacific region holds the largest market share due to the increasing population and presence of the key market industry in the region, which drives the growth of the vertical farming market. The continuous lifestyle change and disposable incomes of people of the region like japan, china, India, which demand healthier and organic products, led to increased use of the vertical farming market. The usage of indoor and vertical farming at home in Europe increases the growth significantly in the region. North America is also growing steadily due to the growth in vertical farming in the US.