Vertical Farming (Hydroponics, Aeroponics, and Aquaponics) Market with COVID-19 Impact Analysis - Global Forecast to 2025 - ResearchAndMarkets.com
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The Vertical Farming Market is Projected to Reach USD 7.3 Billion by 2025 from USD 2.9 Billion in 2020 at a CAGR of 20.2%
The vertical farming market in APAC is projected to grow at the highest CAGR during the forecast period. Countries such as China, Japan, and Singapore are major contributors to the growth of the vertical farming market in APAC. The growth prospective of the vertical farming market in APAC is promising with a steady growth rate in the near future.
The COVID-19 pandemic has affected the market in APAC, however, a steady recovery by 2021 is expected with the significant investments and government support. The major restraints for the growth of the market are lack of skilled workforce and technical know-how, and limited crop range; and high initial investments. Maintenance of air circu
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ResearchAndMarkets.com s offering.
The Vertical Farming Market is Projected to Reach USD 7.3 Billion by 2025 from USD 2.9 Billion in 2020 at a CAGR of 20.2%
The vertical farming market in APAC is projected to grow at the highest CAGR during the forecast period. Countries such as China, Japan, and Singapore are major contributors to the growth of the vertical farming market in APAC. The growth prospective of the vertical farming market in APAC is promising with a steady growth rate in the near future.
The COVID-19 pandemic has affected the market in APAC, however, a steady recovery by 2021 is expected with the significant investments and government support. The major restraints for the growth of the market are lack of skilled workforce and technical know-how, and limited crop range; and high initial investments. Maintenance of air circulation in a vertical farm, and vertical farming on a large scale act as major challenges for the growth of the market.