Pro
Agriculture
Global Silage Market by Region, Value
| Label | USD Million |
|---|---|
| 2018 | 76.977593847486 USD Million |
| 2019 | 76.98660664297309 USD Million |
| 2020 | 77.61594072435003 USD Million |
| 2021 | 77.23426050875706 USD Million |
| 2022 | 77.3176305175414 USD Million |
| 2023 | 91.15080712287796 USD Million |
| 2024 | 104.11076570327948 USD Million |
| 2025 | 127.60681773116038 USD Million |
| 2026 | 153.321133286208 USD Million |
| 2027 | 175.04162778976283 USD Million |
| 2028 | 194.7893971936184 USD Million |
| 2029 | 232.42670136131005 USD Million |
| 2030 | 270.06640241800676 USD Million |
| 2031 | 321.15893711501724 USD Million |
| 2032 | 390.62537339083514 USD Million |
Data Source: Wantstats Repository
Market Dynamics
Numerous farmlands have been destroyed due to rapid urbanization and deterioration in air and water quality. Growing demand for food is another major factor driving the establishment of vertical farming in the Chinese market. The Chinese vertical farming market has seen rapid growth in the past few years, due to its ecological, economic and social benefits.The vertical farming technology uses programmable LED lights and hydroponic systems to grow plants in urban areas such as warehouses, factories, and other existing buildings. This system saves water, fertilizer, and energy, and also reduces pollution and soil degradation. In addition, vertical farming can enhance the utilization of land resources and help to produce food faster and in a larger quantity.In terms of market outlook, many companies are focusing on research and development activities of vertical farming technologies so that more crops can be produced in a smaller space. Furthermore, government is taking various initiatives to collaborate with private investors in order to improve the agricultural sector.
Additionally, the Internet of Things technology and Artificial Intelligence can be used to increase the efficiency of vertical farming in China.The Chinese vertical farming industry is expected to have double-digit growth in the coming years, due to the increased adoption of these technologies and the rising awareness among people. Additionally, the rise of e-commerce players in this space will further widen the market.On the other hand, towards the end of the five-year forecast period, the Chinese vertical farming market is expected to become more competitive due to the entrance of many smaller players. Additionally, the government is expected to introduce new regulations to control the entry of these players and to ensure quality standards.In conclusion, vertical farming can not only boost agricultural production but also reduce the water and carbon footprint in China. With the introduction of new technologies and regulations, it is expected to be a highly lucrative industry in the coming years.
Research Methodology
Figures reflect Wantstats’ original market research and forecasting models, compiled as part of the Wantstats research archive and published in 2023.
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Manager, JavolVision
Thanks, I am so happy that we worked together. Maybe we still can work together in the future.
Joseph Aguayo
Sales Operations & Pricing Manager, Intel
Thanks. It's been a pleasure working with you, please use me as reference with any other Intel employees.
Bong Lau
Sales Leader, Bamberg
We bought your "2025 report" in 2020. Everything is fine and very good.
Peter Groot Koerkamp
Account and Business Manager, EFS-Holland BV
Thanks for sending the report it gives us a good global view of the Betaïne market.
Younghwan Choi
Senior Retail Manager, LG Chem
We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.
Mark Irwin
Management Consultant, Level 21
I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.
Rob Kooiker
Group Product Manager HVAC & Fire Protection GMA, Rockwool
I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
Jason Lee
R&D Director, Seojin
Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu
Strategy & Business Development Director, Dogan Holding
We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.