• ASSO
• 2022-08-01
• comments

Expert Opinion: Global Vertical Farming and Plant Factory Ma

ASSO International Consulting estimates that global Vertical Farming and Plant Factory will reach $37.5 billion and the planting area reaches tens of millions of square meters by 2030!
 
Prime agricultural land can be scarce and expensive. With worldwide population growth, the demand for both more food and more land to grow food is ever increasing. One solution to our need for more space is vertical farming, involves growing crops in controlled Vegetable Cultivation environments, with precise light, nutrients, and temperatures. In vertical farming, growing plants are stacked in layers that may reach several stories tall. ASSO report research focus on the vertical farming industry. This report mainly covers the vertical farming product type by functional device (Lighting, Hydroponic Component, Climate Control, and Sensors), growth mechanism (Aeroponic, Hydroponics, and Others).
 
Vertical farming and plant factory grows plants and produce in a vertical orientation, maximizing the use of the location's square footage. Currently, there are many producing companies in the world vertical farming and plant factory industry. The main market players are AeroFarms, Gotham Greens, Plenty (Bright Farms), Lufa Farms, Beijing IEDA Protected Horticulture and Green Sense Farms, etc. ASSO International Consulting analyst Alice pointed out that the vertical farming and plant factory produces nearly 100,000 tons of products per year now. More than 1 million tons of products will be produced in the future.

 
Analyst Alice said tens of millions of square meters of vertical farming and plant factories will be used to produce 1 million tons of products in the future. This will expand dozens of times from the current 2 million square meters. Of course, this also means a huge market space. Analyst Alice believes that the opportunity for vertical farming and plant factories lies in the increasing global population and the less available land area, which is driving demand in developing countries to grow rapidly.
 
Figure Vertical Farming and Plant Factory Market Size (US$ Million) (2017-2030)

Source: ASSO International Consulting
 
Click to view the full report TOC, figure and tables：
 
The Global Vertical Farming and Plant Factory Market Research Report 2022-2030 report released by ASSO Consulting Company provides a basic overview of the Vertical Farming and Plant Factory industry, including definition, classification, application and industrial chain structure. Discuss development policies and plans as well as manufacturing processes and cost structures. The report then focuses on major industry players in Global, including company profiles, product images and specifications, sales, market share, and contact information. More importantly, the Vertical Farming and Plant Factory industry development trends and marketing channels were analyzed. Providing the main statistical data on the current status of the industry is a valuable guide and direction for companies and individuals interested in the market.
 
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