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North America Vertical Farming Market Size to Exceed USD 3.9 Billion by 2024

Author : Ronak Bora | Published Date : 2020-10-19 

The research document drafted on North America Vertical Farming Market provides an in-depth analysis on this industry with accurate details pertaining to its overall foothold in the global landscape and its application across major end-user industries and sectors.

North America vertical farming industry, as per the given report, recorded a valuation of USD 752.3mn in 2018, and is likely to exceed USD 3.9 bn by 2024, exhibiting a growth rate of 26.9%. The report also envelops crucial information on the current market scenario, emerging technologies, expansive competitive landscape, industry strategies, future growth predictions, and market segmentations.

Request for a sample of this report @ https://www.graphicalresearch.com/request/1098/sample

It also offers an idea about vivid factors that would potentially drive the expansion of this industry over the stipulated time period, along with providing details of the ongoing trends that the North American vertical farming industry is characterized by. The North America vertical farming market has aptly been divided on basis of regional, and competitive landscape.

Among the product segments in the North America vertical farming market, fruits, vegetables and herbs is likely to occupy a significant share of the industry and the segment is likely to gain by more than 30% CAGR during the forecast period. Among these lettuce and leafy greens have a substantial share in this region. Within the aquatic species, tilapia is one of the fastest growing species and would dominate the North America vertical farming market in the forecast timeframe.

According to the analysis, the North America vertical farming market is diversified into regions and its analysis has been briefly addressed in the document. The report incorporates a study on various parameters contributing towards the growth of regional markets, along with the ongoing growth opportunities prevalent in every region, their growth rates over the projected timeframe, technologies used, regulatory reforms, and individual market share.

Hydroponic technology is likely to hold a share of about 50% of the total North America vertical farming market by 2024 and the requirement of less space and soil as compared to other conventional cultivation processes will propel the segment’s industry growth. Aquaponics is a technology of aquaculture in which they use the waste produced by fish as a manure for the plants instead of chemical nutrients. Vertical farming market has two major applications out of which indoor application accounts for a substantial portion.

The vertical farming market in North America is highly concentrated and claims presence of vivid companies including Hort Americas, Green Sense Farms, Koninklijke Philips, Urban Crops Solutions, Illumitex, etc. The research report lays emphasis on the sales spectrum of each of these companies, their strategies to maintain the foothold in the market, individual company profiles and market share, and position in the global ecosystem.

[TOC Chapters]

Chapter 4.North America Vertical Farming Market Size, by Product, 2013 - 2024

 

  • Equipment
  • Fruits, vegetables & herbs
  • Aquatic species

 

Chapter 5.North America Vertical Farming Market Size, by Application, 2013 - 2024

 

  • Roadways
  • Waterproofing
  • Adhesives
  • Insulation

 

Browse key industry insights along with Full TOC @ https://www.graphicalresearch.com/table-of-content/1098/north-america-vertical-farming-market

Other Reports:

North America Pea Proteins Market

ASEAN Generator Sets Market

America Mobile Light Tower Market

About Graphical Research:

Graphical Research is a business research firm that provides industry insights, market forecast and strategic inputs through granular research reports and advisory services. We publish targeted research reports with an aim to address varied customer needs, from market penetration and entry strategies to portfolio management and strategic outlook. We understand that business requirements are unique: our syndicate reports are designed to ensure relevance for industry participants across the value chain. We also provide custom reports that are tailored to the exact needs of the customer, with dedicated analyst support across the purchase lifecycle.

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About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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