During the forecast period, 2024–2028, the United States agritecture market is expected to grow astonishingly. The major factors include the expanding population, the development of technology, government backing, environmental concerns, and shifting consumer preferences.
The implementation of technology in agriculture is referred to as "agritecture". This is done to improve and optimize the production and utilization of animals and crops. This involves gathering information on soil characteristics, crop growth, and atmospheric conditions using precision farming tools, such as sensors and drones. Agritecture also includes the production of food in urban settings with limited space with controlled environment agriculture, such as hydroponics and vertical farming. Agritecture aims to meet the rising need for food in a world that is becoming more urbanized while simultaneously enhancing sustainability in agriculture through increased productivity, waste reduction, and other strategies.
Market Segmentation
The United States agritecture market can be segmented by integration, structure, application, and region. By integration, the United States agritecture market can be segmented into indoor and outdoor. Based on structure, the United States agritecture market is divided into retrofitting, extension, and new building. Based on application, the United States agritecture market is divided into commercial and residential.
Market Players
BrightFarms Inc., AeroFarms LLC, Gotham Greens Holdings LLC, Plenty Unlimited Inc., Bowery Farming Inc., Farm.One, Local Roots Farms, and Urban Oasis' are some of the leading companies operating in the market.
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