Increased Concerns Towards the Food Safety and Nutrition to Fuel the North America Vertical Farming Market Growth

The North America vertical farming market is anticipated to grow significantly at a CAGR of 19.1% over the forecast period (2020-2026). The US and Canada are the two prominent economies contributing to the growth of the North America vertical farming industry over the forecast period. The key aspect that drives the growth of the North America vertical farming market includes the shift of the consumers towards organic food consumption as well as food that is free from pesticides and any other chemicals. Besides, increased concerns of the consumers towards the nutrition of the food and food security are also supporting the adoption of vertical farming in their buildings and apartments, which in turn creates a wide scope for the market growth. 

Browse the full report description of "North America Vertical Farming Market Size, Share & Trends Analysis Report by Structure Type (Building-based Vertical Farming and Shipping Container-based Vertical Farming), by Growth Mechanism (Aeroponics, Hydroponics, and Aquaponics), and by Component (Sensors, Lighting, Climatic Controls, Irrigation Component, Building Material, and Other Components) Forecast, 2020-2026" at https://www.omrglobal.com/industry-reports/north-america-vertical-farming-market

Besides, the rise in the population of the North American region also creates the scope for the market, as the increased population will demand sufficient food. Additionally, owing to the rising population, land availability is also likely to decrease which further will encourage the people towards the vertical farming approach which again will aid in the growth of the vertical farming market in North America. Furthermore, the presence of various local players is enhancing the North America vertical farming market growth, as the players are coming up with the latest and innovative ideas for the cultivation and yield the maximum output. 

Market Coverage

• Market number available for – 2019-2026
• Base year- 2019
• Forecast period- 2020-2026
• Segment Covered- By Structure Type, Growth Mechanism, and Components
• Region Covered- North America
• Competitive Landscape- 4D Bios Inc., AeroFarms, American Hydroponics Systems Inc. (AMHYDRO), Freight Farms, General Hydroponics Inc., Heliospectra AB, and Signify Holding (Koninklijke Philips N.V.) among others

Key questions addressed by the report

• What is the market growth rate?
• Which segment dominates the market in base year?
• Which segment will project fastest growth in the market?
• How COVID-19 impacted the market?

o Recovery Timeline

o Deviation from pre-COVID forecast

o Most affected segment

• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

North America 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

North America Vertical Farming Market – Countries Covered     

• US
• Canada

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