Vertical Aeroponic Farming Market was valued at USD 2.05 Billion in 2022 and is projected to reach USD 6.42 Billion by 2030, growing at a CAGR of 15.1% from 2024 to 2030.
The vertical aeroponic farming market has undergone significant transformation from 2018 to 2022, with key factors driving its growth, including technological advancements and the increasing need for sustainable food production solutions. During this period, the market experienced a steady rise in demand due to the growing interest in sustainable agriculture, urban farming solutions, and the reduced environmental footprint offered by aeroponics. Vertical aeroponic farming systems, which involve growing plants with their roots suspended in air and misted with nutrient solutions, offer high yields in small spaces, making them an attractive option for urban environments.
By 2022, several factors such as the development of more efficient aeroponic systems, improvements in energy consumption, and increased investment in R&D led to rapid advancements in the vertical aeroponic farming market. Furthermore, there was a rising awareness of food security concerns, which encouraged governments and private investors to support this technology. Markets in North America, Europe, and Asia saw substantial growth as the demand for locally grown, pesticide-free produce surged. The trend of urbanization also played a role in driving the vertical farming market, with cities looking for ways to increase food production while minimizing the use of land and water resources.
The demand from 2023 to 2033 is expected to continue expanding, driven by a range of market factors. Consumer demand for fresh, locally sourced produce is anticipated to increase as more people seek eco-friendly alternatives to traditional agriculture. Additionally, advancements in AI and automation are expected to further improve vertical aeroponic farming systems, making them more efficient and cost-effective. The increasing popularity of plant-based diets and the growing focus on sustainability in agriculture are other significant drivers of the market's growth during this period.
With rising interest in sustainable food production systems and the push for climate-resilient agriculture, vertical aeroponics is poised for significant expansion over the next decade. As technology continues to evolve, vertical aeroponic systems will likely become more widespread, offering innovative solutions to meet the food needs of the future. Additionally, the growing awareness of environmental impact and the desire to reduce carbon footprints will continue to fuel demand.
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Agrotonomy Corp
AeroFarms
Aessensegrows
Advanced Nutrients
MoFLO Aeroponics
General Hydroponics
HydroGarden
Bright Farms
Edenworks
Evergreen Farm
Plenty
Freight Farms
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Vertical Aeroponic Farming Market
Commercial
Residential
Based on Types the Market is categorized into Below types that held the largest Vertical Aeroponic Farming market share In 2023.
Irrigation Component
Lightning
Sensor
Climate Control
Others
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Vertical Aeroponic Farming Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Vertical Aeroponic Farming Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Vertical Aeroponic Farming Market, By Type
6. Global Vertical Aeroponic Farming Market, By Application
7. Global Vertical Aeroponic Farming Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Vertical Aeroponic Farming Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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