Crop production produces a huge amount of data. It always becomes crucial to analyze this data and draw insights for effective crop growth. The success of day-to-day operations depends on useful data collection and analysis, which requires crop-specific simulation models to run with minimum human interventions, taking care of all needs specific to a crop grown in the structure. Vertical farming structures depend on a solution that supports different hardware, data collection and integration, data analytics, and automatic control over installed IoT (internet of things) devices within the farm. Artificial intelligence (AI) can help the industry confront the biggest challenges, such as climatic changes and low availability of resources, from controlling major crop growth to predicting what crops would be delivering better yields. In current years, farmers on flat farms have been using new tools for making farming easier or better. They are using robots and drones to improve crop maintenance. The AI-controlled robots monitor the plant growth and continuously adjust the environmental factors to ensure more efficiency and economic output. Thus, artificial intelligence (AI) and the Internet of things (IoT) are key trends in the vertical farming crops market, thereby driving market growth.
The COVID-19 pandemic had been a significant worry for many European farmers, threatening agricultural labor access and complicating international supply chains. But for proponents of indoor farming, the crisis offered an opportunity. The COVID-19 pandemic prompted a spike in interest in ‘vertical farms’, where batches of crops can be individually watered, fed, and lit using LED lights, allowing them to be grown year-round with minimal labor requirements. With the COVID-19 outbreak, people are focused on healthy lifestyles and more sustainable plant-based diets. Thus, the vertical farming crops market benefitted from the COVID-19 pandemic.
Vendors can attract new customers and expand their footprints in emerging markets with the new features and technologies, thereby driving the Europe vertical farming crops market. The Europe vertical farming crops market is expected to grow at a significant CAGR during the forecast period.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 115.38 Million |
| Market Size by 2028 | US$ 360.16 Million |
| CAGR (2021 - 2028) | 17.7% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Crop Type
|
|
Regions and Countries Covered
|
|
| Europe | UK, Germany, France, Russia, Italy, Rest of Europe |
| Market leaders and key company profiles |
|
The Europe Vertical Farming Crops Market is valued at US$ 115.38 Million in 2021, it is projected to reach US$ 360.16 Million by 2028.
As per our report Europe Vertical Farming Crops Market, the market size is valued at US$ 115.38 Million in 2021, projecting it to reach US$ 360.16 Million by 2028. This translates to a CAGR of approximately 17.7% during the forecast period.
The Europe Vertical Farming Crops Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Vertical Farming Crops Market report:
The Europe Vertical Farming Crops Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Vertical Farming Crops Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Vertical Farming Crops Market value chain can benefit from the information contained in a comprehensive market report.
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