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Vertical farming is a new agricultural production method that involves stacking and cultivating crops vertically. In comparison to traditional agriculture, this method allows for the cultivation of very large quantities of crops in much smaller spaces. Vertical farming is a type of energy-intensive agricultural production system that grows crops more efficiently by utilizing big data analysis, robotics, the Internet of Things, artificial intelligence, and other technologies.
United States Vertical Farming Market Report Scope and Research Methodology
The aim of the United States Vertical Farming Market report is to provide the current and future market scenario. demand, income generation and sales and revenue have been provided in the United States Vertical Farming market report. The division of the market into various segments and sub-segments helps clients to know about different growth components that are likely to be similar across the United States Vertical Farming industry. The top players in the United States Vertical Farming industry including market leaders, new entrants and followers are also included in the report. The United States Vertical Farming market study provides unique guidance in thoughtful details regarding the development factors and has used a top-down and bottom-up approach to keep it error-free and accurate. SMR's United States Vertical Farming market report is the result of a study that used various methodologies such as the PESTLE, PORTER, and SWOT analysis. The use of these methodologies provides the knowledge of strengths and weaknesses along with the macro and micro economic factors in the United States Vertical Farming market.
United States Vertical Farming Market Report Overview:
The report provides insights about United States Vertical Farming Market key players along with a thorough analysis of their growth strategies, financial information and capacity, geographical presence, and product portfolio. The report provides fundamental dynamics of the United States Vertical Farming market, including drivers, opportunities, challenges and restraints faced by the market.
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United States Vertical Farming Market Dynamics:
The vertical farming market in the United States is expected to grow as a result of rising population, loss of arable land, environmental sustainability, lower labor costs, better year-round yield, and green crop tracking and harvesting. The growing demand for sustainable farming to reduce environmental impact will drive the growth of the US vertical farming market. The need for sustainable agricultural practices in the US market will be driven by the exponential scale of pollution and production intensification, which has a significant impact on the planet's resources. Inefficiencies in the supply chain amplify the impact of shortages and have a negative impact on the market's harvesting, processing, and transportation processes.
United States Vertical Farming Market Segmentation:
The market is divided into two segments based on structure type: building-based vertical farming and shipping container-based vertical farming. Vertical farming in buildings dominated the market in 2020, accounting for 62.2% of the total. Building-based vertical farming is analyzed as having a large market share due to the available space where growers can easily move and monitor the produce, thus offering higher yields than traditional land farming and container-based farming by driving their base segment of the building.
The shipping container-based vertical farming segment, on the other hand, is expected to grow at a CAGR of 23.4% over the forecast period. This is due to the fact that these types of packing containers are less expensive and readily available. Furthermore, transport container-primarily based farms can store more area by piling transport packing containers while achieving higher yield per rectangular foot as a result of increased demand for those transport containers, resulting in market growth.
United States Vertical Farming Market Key Players:
Eden Green Technology
Elevate Farms Inc.
iFarm
OSRAM GmbH
Plenty Unlimited Inc.
Agrilution
AeroFarms
Key Questions answered in the United States Vertical Farming Market Report are:
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