Global Vertical Farming and Plant Factory Market is estimated to be worth 637.21 million USD by 2023
The global Vertical Farming and Plant Factory Market is estimated to be worth 637.21 million USD by 2023, with the average annual growth rate of 30.54% from 2017 to 2022. In terms of Acreage, the global vertical farming accounted for 52789 Sqm. in 2017, and is anticipated to reach 159438 Sqm by 2022. https://www.qyresearch.com/index/detail/504638/global-vertical-farming-plant-factory-market
The global Vertical Farming and Plant Factory Market is estimated to be worth 637.21 million USD by 2023, with the average annual growth rate of 30.54% from 2017 to 2022. In terms of Acreage, the global vertical farming accounted for 52789 Sqm. in 2017, and is anticipated to reach 159438 Sqm by 2022. https://www.qyresearch.com/index/detail/504638/global-vertical-farming-plant-factory-market
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In the near term, most vertical farms will focus on high-return <strong>and</strong> shortrotation<br />
crops such as salad greens, with near<strong>by</strong> restaurants often buying all of<br />
the production. Whether vertical farms will <strong>be</strong>come more International <strong>is</strong><br />
uncertain, but the innovative vertical farms currently under construction or<br />
already in production are <strong>be</strong>ing closely observed <strong>by</strong> urban planners <strong>and</strong> the<br />
sustainable agriculture community.<br />
The global vertical farming market <strong>is</strong> quite young till, despite all the frenzy <strong>and</strong><br />
extremely positive message spreading on the internet. In terms of revenue, it<br />
was valued at 198.73 <strong>million</strong> <strong>USD</strong> in 2017, but it will surge rapidly in the future.<br />
It <strong>is</strong> <strong>estimated</strong> <strong>to</strong> <strong>be</strong> <strong>worth</strong> <strong>637.21</strong> <strong>million</strong> <strong>USD</strong> <strong>by</strong> <strong>2023</strong>, with the average annual<br />
growth rate of 30.54% from 2017 <strong>to</strong> 2022. In terms of Acreage, the global<br />
vertical farming accounted for 52789 Sqm. in 2017, <strong>and</strong> <strong>is</strong> anticipated <strong>to</strong> reach<br />
159438 Sqm <strong>by</strong> 2022. Overall, the longterm industry performance <strong>is</strong> positive.<br />
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