RE: RNS11 May 2022 09:37
UK Market Size for Vertical Farming
In the period 2021-2026, the global vertical farming market is expected to grow at a CAGR of 5.4%. Europe accounts for only 21% of the total vertical farming market, which is dominated by North America and the Asia-Pacific region. The market value of vertical farming in Europe in 2021 was estimated at USD 0.85 billion. However, a report from the Market Data Forecast indicates that the vertical farming market in Europe will grow by 22% annually, reaching a value of USD 2.31 billion by 2026. Together with France, Germany, Spain, and Italy, the UK is one of the most prominent countries in the vertical farming market in Europe. Increasing consumer demand and technological advancements in Europe have fueled the popularity of vertical farming in these countries and across the continent.