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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QYResearch<br />
North America, having a few early starters of vertical farming<br />
solution providers, <strong>is</strong> the dominate provider of vertical farming<br />
systems <strong>and</strong> vertical farm modules, the production <strong>is</strong> 15154 Sqm in<br />
terms of Acreage in 2015, accounting for about 61.24% of the <strong>to</strong>tal<br />
amount, followed <strong>by</strong> Asia, with the production market share of 17.11%.<br />
Due <strong>to</strong> the high cost of energy, <strong>and</strong> construction, the price of plants<br />
harvested from vertical farms <strong>is</strong> very high. Therefore, the market of<br />
vertical farming <strong>is</strong> limit. Although some farms can generate income<br />
through open <strong>to</strong> v<strong>is</strong>i<strong>to</strong>rs, they are still in the situation of money-losing<br />
operation. The gross margin of most companies <strong>is</strong> negative.<br />
Click <strong>to</strong> view the full report:<br />
https://www.qyresearch.com/index/detail/504638/globalvertical-farming-plant-fac<strong>to</strong>ry-market<br />
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