The Global Urban Farming Market is expected to grow at a compound annual growth rate of 5.20% in the forecast period of 2021 to 2028 and is likely to reach USD 555.94 billion by 2028. The increase in popularity of urban farming due to supply of fresh nutritious products at competitive prices and lower transportation cost is a significant factor driving the market growth rate.
Likewise, the provision of green infrastructure and integration in the metropolitan cities plans and rapid technological advancement and innovations will produce lucrative opportunities for the growth of the urban farming market.
Urban Farming Market Scenario
According to Data Bridge Market Research the market for urban farming is expected to gain growth because of the rise in adoption of urban farming because of the several offered benefits such as food security and transparency. Also the rapid urbanization across the globe and increase in rate of urban agriculture projects are also expected to fuel the demand of the urban farming market over the forecast period of 2021 to 2028. Whereas, the high initial cost and limitation on the range of crops are expected to hinder the growth of the urban farming market in the aforementioned forecast period.
Now the question is which are the other regions that urban farming market is targeting? Data Bridge Market Research has estimated large growth in Europe due to the rapid high adoption of nanotechnology and robotics for farming and growth of genetically-modified crop technology.
For more analysis on the urban farming market request for a briefing with our analysts https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=global-urban-farming-market
Urban Farming Market Scope
Urban farming market is segmented on the basis of countries into the U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa (MEA).
- All country based analysis of urban farming market is further analyzed based on maximum granularity into further segmentation. On the basis of farm type, the urban farming market is segmented into commercial, community, home gardens, corporate and others. On the basis of growing medium, the urban farming market is segmented into hydroponics, aquaponics and aeroponics. On the basis of farming, the urban farming market is segmented into indoor farming and outdoor farming. On the basis of crop type, the urban farming market is segmented into food crops and non-food crops.
- Urban farming is generally the indoor and outdoor plant cultivation practice, processing of the output products and their distribution around the city among local inhabitants. This practice helps in enhancing urban resilience urban food security and meeting climate changes.
To know more about the study, https://www.databridgemarketresearch.com/reports/global-urban-farming-market
Key Pointers Covered in the Urban Farming Market Industry Trends and Forecast to 2028
- Market Size
- Market New Sales Volumes
- Market Replacement Sales Volumes
- Market Installed Base
- Market By Brands
- Market Procedure Volumes
- Market Product Price Analysis
- Market Cost of Care Analysis
- Market Shares in Different Regions
- Recent Developments for Market Competitors
- Market Upcoming Applications
- Market Innovators Study
Key Market Competitors Covered in the Report
- UrbanFarmers
- Urban Crop Solutions
- SproutsIO
- Sky Greens
- Koninklijke Philips N.V
- FarmVisionAI
- GrowUp Farms Ltd
- Green Sense Farms Holdings, Inc.
- Gotham Greens
- GARDEN FRESH FARMS
- EVERLIGHT ELECTRONICS CO., LTD
- Upward Farms
- Brooklyn Grange farms
- BrightFarms
- AMHYDRO
- Agrilution
- Freight Farms, Inc.
- AeroFarms
- Altius Farms
Above are the key players covered in the report, to know about more and exhaustive list of urban farming companies’ contact us https://www.databridgemarketresearch.com/toc/?dbmr=global-urban-farming-market
Research Methodology of Global Urban Farming Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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