Global Vertical Farming Market (2021 to 2028) - Impact Analysis of COVID-19 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Jun 24, 2021--
The “Vertical Farming Market Report - Global Industry Data, Analysis and Growth Forecasts by Type, Application and Region, 2021-2028” report has been added to ResearchAndMarkets.com’s offering.
Vertical Farming market illustrates an attractive growth rate during the forecast period with the advancements in technologies. Latest developments in Artificial Intelligence and machine learning abilities to expand Vertical Farming applications and drive demand during the forecast period to 2028.
The pandemic COVID 19 has a significant impact on the manufacturers of Vertical Farming due to disruptions in the supply chain and frequent lockdowns. Further, the economic slowdown and geopolitical matters have limited the Vertical Farming market growth in 2020. As the market recovers from the pandemic, we forecast the growth trajectory to vary across regions with some countries offering huge growth potential while others reporting limited profit margins.
New generation Vertical Farming with improved performance offering higher accuracy and flexibility, with easy integration into systems spur the growth in Vertical Farming industry. However, a paradigm shift towards a connected world and growing requirement for miniaturization are necessitating further advancement in the Vertical Farming market and develop smarter products.
Research and development in the Vertical Farming industry to drive down costs and improve functionality are expected to advance in the medium term. Autonomous vehicles poised to hit the mainstream alongside rapid growth in AI computing capabilities with improving commercials are offering enormous opportunities in the Vertical Farming market. Over the forecast period to 2028, we forecast the Vertical Farming market to regain growth momentum, mainly with support from developing markets.
Vertical Farming market competitive landscape
On the Vertical Farming market structure front, consolidation observed in 2020 is expected to be continued in 2021. Mergers and acquisitions are primarily intended to acquiring new technologies, strengthening portfolios, and leveraging capabilities.
Companies operating in the Vertical Farming market were hard hit by the adverse effects of COVID, with the major difficulty being the supply chain management. Managing production with shortages in supply and man force has limited the profitability of companies in 2020 and created the need to adapt to more agile methods of working. However, growing trends of online work and education along with the exponential development of the e-commerce industry facilitate companies to regain their market share. Detailed profiles of top companies in the Vertical Farming industry along with their key strategies to 2028 are provided in the report.
Impact of COVID 19 on Vertical Farming Industry
The global Vertical Farming market study carefully examines the deviation in the global outlook due to COVID-19 considering its impact on supply chain, economy, and consumer preferences by country and region.
The report identifies competitive strategies being implemented and planned by key companies in the Vertical Farming market to counter adverse effects and take advantage of the new opportunities created by the pandemic situation. Different scenarios based on expected containment of the virus in the medium to long term are considered to provide Vertical Farming market forecasts.
Vertical Farming market segmentation
The research estimates global Vertical Farming market revenues in 2021 with a detailed market share and penetration of different types, technologies, applications, and geographies in the Vertical Farming market to 2028.
The study identifies current trends along with potential drivers and challenges leading to growth or decline in their market share, for each segment during the outlook period.
The report covers the North America Vertical Farming market, Europe Vertical Farming market, Asia Pacific Vertical Farming market, Middle East Vertical Farming market, and LATAM Vertical Farming markets from 2020 to 2028. The status of the Vertical Farming market in key countries in each region is elaborated to enable an in-depth understanding of the Vertical Farming industry.
Reasons to Procure this Report
What’s Included in the Report
- Global Vertical Farming Market size and growth projections, 2020-2028
- Vertical Farming Market size, share, and growth projections across 5 regions and 18 countries, 2020-2028
- Vertical Farming market size and CAGR of key products, applications, and end-user verticals, 2020-2028
- Short and long term Vertical Farming Market trends, drivers, restraints, and opportunities
- Porter’s Five forces analysis
- Profiles of 5 leading companies in the industry-overview, key strategies, financials, and products
- Latest market news and developments
For more information about this report visit https://www.researchandmarkets.com/r/j3iolu.
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PUB: 06/24/2021 12:25 PM/DISC: 06/24/2021 12:26 PM