Agreed. The difference in carbon and energy footprint between...

Agreed. The difference in carbon and energy footprint between the two would be massive

It is hard to estimate a true potential market outlook as almost 50% of the market for expanded perlite is in construction, but I see Nanollose having the potential of disrupting a market worth billions of dollars.


Also, it is not just vertical farming that uses perlite. It is quite common as a pure inert hydrophonic media and also in combination with coco fibre - plus as a way to agument soil structure and waterholding in non-hydrophonic growing.

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A couple of reports from the collection so far:

Vertical Farming Market Outlook:

• The global vertical farming market size was valued at USD 5.1 billion in 2022 and it is predicted to be worth around USD 39.9 billion by 2032 and registering at a CAGR of 22.89% from 2023 to 2032. [Precedence Research July 2022]
• The vertical farming market is estimated to be USD 5.1 billion in 2023, and it is expected to reach USD 15.3 billion by 2028, growing at a CAGR of 24.7% from 2023 to 2028. [MarketsandMarkets June 2022]
• The global vertical farming market size was valued at USD 5,894.4 million in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 20.1% from 2023 to 2030. [Grand View Research 2022]
• The Global Vertical Farming Market size is expected to be worth around USD 35.3 Billion by 2032 from USD 5.6 Billion in 2022, growing at a CAGR of 20.80% during the forecast period from 2023 to 2032. [markets.us Sep 2023]
• The global vertical farming market size was $4.16 billion in 2022 & is projected to grow from $5.05 billion in 2023 to $27.42 billion in 2030, at a CAGR of 27.3% [Fortune Business Insights May 2023]

Perlite Market Outlook:

• The global expanded perlite market size was USD 859.8 Million in 2022 and is expected to reach USD 1,594.05 Million in 2032, and register a rapid revenue CAGR of 7.1% during the forecast period. Increasing use of expanded perlite in construction and horticulture industries due to their lightweight, insulation properties, and ability to retain moisture is a key factor driving market revenue growth. [Reports and Data Sep 2023]
• Perlite Market was valued at USD 1.4 billion in 2020 and is projected to reach USD 1.9 billion by 2025, growing at a cagr 6.3% from 2020 to 2025. The driving factor for the market is its growing demand from the construction industry (43.5%) . [MarketsandMarkets Jan 2021]
• The Global Perlite Market Size was valued at USD 1.62 Billion in 2022 and is expected to reach USD 3.08 Billion by 2032, at a CAGR of 6.6% during the forecast period 2022 to 2032.The construction segment accounted for the largest revenue share of more than 46.2% over the forecast period.[Spherical Insights July 2023]

Growing Media Market Outlook:
The global growing medium market size was USD 4259.2 million in 2021 and market is projected to touch USD 4953.69 million by 2031, exhibiting a compound annual growth rate (CAGR) of 1.5% during the forecast period. “After the outbreak of COVID-19, the adoption of urban hydroponic farming systems is anticipated to boost steadily.” [Business Research Insights 27/11/23]