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Latin America: vertical farming market value 2020-2025

The vertical farming market in Latin America was estimated to amount to 0.74 billion U.S. dollars in 2020. By 2025, 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 2020 to 2025

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Sources

Release date

February 2020

Region

LAC

Survey time period

February 2020

Special properties

forecast

Supplementary notes

Figures have been rounded.
An exponential development of the values was assumed to estimate the annual values between 2020 and 2025, which were provided by the source.

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Statistics on "Indoor farming "

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