From GlobeNewswire: 2024-07-31 12:30:00

Custom Market Insights published a report on the US Vertical Farming Market, estimating it to reach $7.8 billion by 2033, with a CAGR of 10.3% from 2024-2033. Vertical farming in the US is driven by technological innovation and sustainability, using automation and sensor tech to optimize growth conditions and reduce resource use.

Shipping containers dominate the market in structure, hydroponics in growing mechanism, and fruits, vegetables, & herbs in crop type. Companies like AeroFarms in Virginia are leading the way in sustainable indoor vertical farming, using AI and aeroponics to grow crops efficiently.

Recent developments include a tomato research partnership with FFAR and the University of Florida by Aero Farms, a commitment between Plenty and Walmart for fresh produce, and Aero Farms’ announcement of the largest aeroponic indoor vertical farm in Virginia. The market is expected to see rapid growth, with key players like AeroFarms and Plenty leading the way.



Read more at GlobeNewswire: [Latest] US Vertical Farming Market Size/Share Worth USD