Global Silage Market by Region, Value
| Label | USD Million |
|---|---|
| 2018 | 223.30772263744893 USD Million |
| 2019 | 227.8666645336959 USD Million |
| 2020 | 234.3954840774754 USD Million |
| 2021 | 237.9839283768616 USD Million |
| 2022 | 243.0872930676994 USD Million |
| 2023 | 292.4133722573109 USD Million |
| 2024 | 340.79435271022027 USD Million |
| 2025 | 426.2239621301984 USD Million |
| 2026 | 522.5653225575552 USD Million |
| 2027 | 608.7822669285908 USD Million |
| 2028 | 680.8989671706163 USD Million |
| 2029 | 816.5834495230016 USD Million |
| 2030 | 953.6363363534576 USD Million |
| 2031 | 1139.8046025269532 USD Million |
| 2032 | 1393.3781860215297 USD Million |
Data Source: Wantstats Repository
Market Dynamics
Sweden is fast becoming an important market for vertical farming, with a range of businesses and research organisations taking full advantage of the many opportunities this rapidly growing sector offers. Currently, there are three major vertical farm operators in Sweden and a handful of smaller scale operations.The first is Urban Crop Solutions, a company that operates a range of high-tech vertical farms across the country. Urban Crop Solutions uses Sensored Plant Automation, an artificial intelligence-driven system that monitors the growth of live plants and automatically adjusts the environment to perfect conditions. This allows for optimal growth and the ability to produce high-quality, locally-grown food.The second major operator is Go?teborgs vertical farming, and its focus is on enabling the production of nutritious and tasty produce, all year round, from their automated vertical farm system. Go?teborgs vertical farming controls all aspects of the agricultural process, from seed to sale. The technology used enables them to deliver fresh produce to market faster, while maintaining quality and freshness. Another notable vertical farm operator in Sweden is Jokkmokksforskning AB. Founded in 2013, the company has been a leader in the development of sophisticated closed-loop systems for fresh produce production.
This company uses machine learning to create efficient biological systems that can autonomously produce a variety of plants, fruits, and vegetables, tailored to specific consumer demand.The market outlook for vertical farming in Sweden is positive, with steady growth expected over the next decade as the sector and its technology develops further. Various vertical farming systems, including those operated by Urban Crop Solutions, Go?teborgs vertical farming, and Jokkmokksforskning AB, have already amply demonstrated their potential for efficient and sustainable production of fresh produce. As this sector continues to gain traction, it is likely that we will see more companies emerge and progress in the vertical farming sector further over the next decade. Looking ahead, Sweden's investment in research and development in this area will play an important role in developing key technologies, such as LED lighting and AI-driven systems, that will further improve the efficiency and sustainability of vertical farming operations in the country. Furthermore, the increasing demand for local produce, combined with the need for more efficient solutions for food production, means that vertical farming in Sweden could become an important contributor to the country's overall food supply.
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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