The vertical farming approach of growing food involves the farming of fruits and vegetables vertically which combines the design of buildings and farms altogether in a high-rise building inside the cities. The global vertical farming market is projected to grow at a CAGR of 19.2% during the forecast period (2021-2027). The major aspect that drives the growth of the market includes the huge growth in the population across the globe; the increased population demands both the proper land to live as well as food to eat which in turn upsurges the growth of the vertical farming market over the forecast period. Besides, owing to the expensive and scarcity of prime agricultural land, there has been increased adoption of vertical farming across the globe.

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The global vertical farming market is segmented on the basis of structure type, growth mechanism, and component. Based on the structure type, the market is segmented as building-based vertical farming and shipping container-based vertical farming. Based on the growth mechanism, the market is segmented as aeroponics, hydroponics, and aquaponics. Based on the component, the market is segmented as sensors, lighting, climatic controls, irrigation component, building material, and other components.

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The global vertical farming market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. The Asia-Pacific region is projected to hold a significant market share. China, India, Japan, and the Rest of the Asia-Pacific are the major economies primarily contributing to the growth of the vertical farming market in the region. The regional growth of the market is accredited to the rising awareness amongst the farmers regarding the alternative methods of farming which is benefitting the growth of the market in the region. Also, the key companies are expanding their businesses to the untapped regions in emerging economies such as India and China, which further supports the growth of the market. Besides, the support of the government by promoting vertical farming is also driving the market growth in the region. Further, the North American region is also estimated to witness a significant value for the market, attributing to the presence of key players across the region.

Global Vertical Farming Market – Segmentation
by Structure Type
Building-based Vertical Farming
Shipping Container-based Vertical Farming
by Growth Mechanism
Aeroponics
Hydroponics
Aquaponics
by Component
Sensors
Lighting
Climatic Controls
Irrigation Component
Building Material
Other Components

Global Vertical Farming Market – Segmentation by Region 
North America 
United States
Canada
Europe
Germany
United Kingdom
France
Spain
Italy
Rest of Europe
Asia-Pacific 
China
Japan
India
Rest of Asia-Pacific
Rest of the World

Company Profiles
4D Bios Inc.
AeroFarms
Agrilution GmbH
Alesca Life Technologies Ltd.
American Hydroponics Systems Inc. (AMHYDRO)
Bowery Farming Inc.
CropBox (Vertial Crop Consultants)
Everlight Electronics Co., Ltd.
FarmvisionAI (Illumitex Inc.)
Freight Farms
General Hydroponics Inc.
Gills N Claws Pte. Ltd.
Gotham Greens
Green Sense Farms Holdings, Inc.
GreenTechAgro LLC
Growpod (GP) Solutions
GrowUp Farms Ltd.
Heliospectra AB
Hort Americas
Indoor Harvest Corp.
Intelligent Growth Solutions Ltd.
Mirai Co. Ltd.
Plantagon International
Signify Holding (Koninklijke Philips N.V.)
Sky Greens Pte. Ltd.
SPREAD Co. Ltd.
Vertical Farm Systems

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