The vertical farming market in Latin America was estimated to amount to 0.74 billion U.S. dollars in 2021. By 2026, this market is forecast to reach 1.93 billion dollars, following a compound annual growth rate (CAGR) of approximately 21 percent in the period. Vertical farming, frequently used in urban agriculture, refers to crop production in vertically stacked levels, commonly incorporating practices such as aquaponics, hydroponics, and aeroponics.
Vertical farming market value in Latin America from 2021 to 2026 (in billion U.S. dollars)
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Statista. (February 15, 2023). Vertical farming market value in Latin America from 2021 to 2026 (in billion U.S. dollars) [Graph]. In Statista. Retrieved June 10, 2024, from https://www.statista.com/statistics/789322/vertical-farming-market-value-latin-america/
Statista. "Vertical farming market value in Latin America from 2021 to 2026 (in billion U.S. dollars)." Chart. February 15, 2023. Statista. Accessed June 10, 2024. https://www.statista.com/statistics/789322/vertical-farming-market-value-latin-america/
Statista. (2023). Vertical farming market value in Latin America from 2021 to 2026 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: June 10, 2024. https://www.statista.com/statistics/789322/vertical-farming-market-value-latin-america/
Statista. "Vertical Farming Market Value in Latin America from 2021 to 2026 (in Billion U.S. Dollars)." Statista, Statista Inc., 15 Feb 2023, https://www.statista.com/statistics/789322/vertical-farming-market-value-latin-america/
Statista, Vertical farming market value in Latin America from 2021 to 2026 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/789322/vertical-farming-market-value-latin-america/ (last visited June 10, 2024)
Vertical farming market value in Latin America from 2021 to 2026 (in billion U.S. dollars) [Graph], Statista, February 15, 2023. [Online]. Available: https://www.statista.com/statistics/789322/vertical-farming-market-value-latin-america/