North America Leads Global Expansion of the Vertical Farming Market
The global vertical farming industry was valued at USD 5.6 billion in 2024 and is projected to reach USD 13.7 billion by 2029; it is expected to register a CAGR of 19.7% during the forecast period. Agriculture IoT and AI technology, high urbanization, and a push for the necessity of vertical farming by consumers are prominent drivers for the vertical farming market. These factors include; scarcity of land especially one that is suitable for cultivation, climatic change, and an increasing demand for fresh and organically grown fruits and vegetables. Thus, more governments’ support and investment and the concerns about food security, driving the vertical farming industry. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=221795343 Hardware segment to account for the largest market share in the forecasted year. The hardware segment is claimed to have the biggest share in the vertical farm industry owing to their role as a necessity for managing climat...