Pro
Agriculture
Global Silage Market by Region, Value
| Label | USD Million |
|---|---|
| 2018 | 138.802581436578 USD Million |
| 2019 | 144.2976506600698 USD Million |
| 2020 | 151.22112159520933 USD Million |
| 2021 | 155.59048626454168 USD Million |
| 2022 | 161.05338644277478 USD Million |
| 2023 | 197.273905567809 USD Million |
| 2024 | 234.11520086133555 USD Million |
| 2025 | 298.15348888344766 USD Million |
| 2026 | 372.22662185783304 USD Million |
| 2027 | 441.5639896568483 USD Million |
| 2028 | 502.96770523929746 USD Million |
| 2029 | 614.3046017279239 USD Million |
| 2030 | 730.6203355063691 USD Million |
| 2031 | 889.3345028222817 USD Million |
| 2032 | 1107.2087584061574 USD Million |
Data Source: Wantstats Repository
Market Dynamics
Mexico is one of the most populous countries in the world and is forecasted to be the seventh largest economy in the world by 2024, offering many opportunities for investors interested in establishing operations in the vertical farming market. The majority of the population in Mexico lives in urban areas, with availability of fresh vegetables and fruits facing severe restrictions due to limited agricultural land. In 2016, Mexico had a population of close to 125 million, of which slightly over 80 million resided in urban areas. This population growth has placed significant pressure on available food sources and will continue to do so. Vertical farming technologies offer a potential solution for this issue, providing the opportunity for a significant increase in the production of fresh food. Vertical farming is a process in which crops are grown in layers up within a building or stack, instead of planting them on acres of land.
This type of method uses only a fraction of the traditional land resources, hence, enabling the successful growth of produce even in areas with poor soil fertility.Using the correct combination of vertical farming technologies, water, hydroponic systems, and LED lighting, Mexico's vertical farming market can become more efficient and cost effective when compared to the traditional practices.In addition, since vertical farms require only a small amount of land, they can be built in cities. This offers great potential for the expansion of urban farms, which can cater to the increasing population's demand for fresh produce. This could be particularly beneficial in Mexico City, as it ranks in the top four cities in Mexico with the highest population. Moreover, in Mexico, the innovation level of vertical farming technologies is quite low. The potential of these technologies has not been fully explored and accepted by farmers. Therefore, if the government supports these initiatives, the number of farmers and companies using vertical farming as an alternative could increase, contributing to the vertical farming market in Mexico over the period from 2018 to 2032.
Finally, with its many advantages, vertical farming has the potential to drive the economy of Mexico and provide easy access to fresh and healthy food to people living in urban areas. It is clear that vertical farming helps address the food crisis in Mexico, and the sector is expected to see strong growth over the forecast period.
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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This is really good guys. Excellent work on a tight deadline. I will continue to use you going forward and recommend you to others. Nice job.
Michael Robert
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.