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The vertical farming technologies market size is forecast to increase by USD 17.81 billion, at a CAGR of 31.33% between 2023 and 2028. Market growth in the agricultural sector is contingent upon several factors. The focus on reducing farming labor costs is increasing, as is investment and funding in smart agriculture. Additionally, there is a pressing need to meet the escalating demand for food products. Innovative farming methods, such as hydroponics, aeroponics, and aquaponics, are gaining traction. These techniques utilize LED technology and automation to cultivate plants without soil. The agricultural sector requires innovative approaches and technologies to prioritize efficiency and productivity. These trends are driving the market's expansion, as stakeholders converge to address the forces shaping the agricultural landscape.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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