Market Overview:

Asia Pacific Vertical Farming Market was valued at 0.78 Billion in the year 2019. By the 2024 it is expected to reach 2.77 Billion, with a CAGR of 29%. Vertical farming techniques control factors such as environmental influences such as temperature, humidity, gases etc. This Vertical Farming comes in different shapes and sizes. These industries are utilizing the complex sensors to screen the plant completely.

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Factors affecting market growth:

• Rise in population and increase in urbanization. +
• Health care has been increased due to diseases caused because of hybrid products. +
• Efficiency in producing the crops in artificial lighting conditions and free

From pesticides. +

• Majority of the population prefers the organic food +
• High initial investment for the vertical farming market restraining the markets growth -
• Production of High value crops and Consumption of artificial light is restraining the market growth.

Market Segmentation

The Global Deli Food market is geographically segmented into

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Asia pacific is the fastest growing market owing to increase in population and limited agriculture land. Vertical Farming Market is booming market in asia pacific as it requires less labor and high efficiency. New advanced techniques are developed for easy monitoring of growing crops and also stress-free ways of production methods.

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Key players:

Major Market players involved in the Vertical farming market are Illumitex Inc. (U.S), Aerofarms (U.S), Koninklijke Philips N.V (The Netherlands), and Sky Greens (Singapore) among others

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