Italy Vertical Farming Market Size & Outlook, 2023-2030
Italy vertical farming market, 2018-2030 (US$M)
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Italy vertical farming market highlights
- The Italy vertical farming market generated a revenue of USD 115.3 million in 2023 and is expected to reach USD 423.6 million by 2030.
- The Italy market is expected to grow at a CAGR of 20.4% from 2024 to 2030.
- In terms of segment, fruits vegetables, & herbs was the largest revenue generating crop category in 2023.
- Fruits Vegetables, & Herbs is the most lucrative crop category segment registering the fastest growth during the forecast period.
Vertical farming market data book summary
| Market revenue in 2023 | USD 115.3 million |
| Market revenue in 2030 | USD 423.6 million |
| Growth rate | 20.4% (CAGR from 2023 to 2030) |
| Largest segment | Fruits vegetables, & herbs |
| Fastest growing segment | Fruits Vegetables, & Herbs |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Fruits Vegetables, & Herbs, Flowers & Ornamentals |
| Key market players worldwide | AeroFarms, Illumitex, Everlight Electronics, Agrilution, American Clay Works & Supply Company, Freight Farms, GrowUp Farms, Green Sense Farms, Vertical Farm Systems |
Other key industry trends
- In terms of revenue, Italy accounted for 2.0% of the global vertical farming market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Europe, UK vertical farming market is projected to lead the regional market in terms of revenue in 2030.
- UK is the fastest growing regional market in Europe and is projected to reach USD 1,799.5 million by 2030.
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Vertical Farming Market Scope
Vertical Farming Market Companies
| Name | Profile | # Employees | HQ | Website |
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Italy vertical farming market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to vertical farming market will help companies and investors design strategic landscapes.
Fruits vegetables, & herbs was the largest segment with a revenue share of 66.35% in 2023. Horizon Databook has segmented the Italy vertical farming market based on fruits vegetables, & herbs, flowers & ornamentals covering the revenue growth of each sub-segment from 2018 to 2030.
Italy has a well-established agriculture industry and is known for its high-quality produce. However, traditional agriculture methods face several challenges, including water scarcity, climate change, and soil degradation.
Vertical farming offers a potential solution to these problems by providing a controlled environment that can maximize crop yields using fewer resources. The vertical farming market in Italy is still in its early stages.
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Target buyers of Italy vertical farming market databook
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Our clientele includes a mix of vertical farming market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Italy vertical farming market , including forecasts for subscribers. This country databook contains high-level insights into Italy vertical farming market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Italy vertical farming market size, by crop category, 2018-2030 (US$M)
Italy Vertical Farming Market Outlook Share, 2023 & 2030 (US$M)
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