Globally, vertical farming is attracting major interest as a potential solution to problems traditional agriculture poses, such as unsustainable land and water use. This analysis assesses the growth opportunities for companies active in the vertical farming ecosystem. The analysis scope covers indoor vertical farms and container farms, with in-depth discussions of key technology areas, major challenges with current business models, and a comparison between vertical and conventional agriculture practices.
• Frost & Sullivan divides the vertical farming sector into two sub-segments: the vertical farming components sector (hardware and technology solutions, software and platform, and crop inputs) and the vertical farming produce sector (produce and growing technology types).
• In the latter, produce types include herbs and microgreens, leafy greens, and fruits and vegetables while the technology types include hydroponics, aeroponics, and aquaponics.
• As of 2022, North America remains the largest segment for vertical farming components due to the region’s rapid expansion in vertical farms.
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