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.
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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
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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
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
