Ability to save vertical space in the toolbar

Hi I have a small 15inch laptop screen on 1080p resolution and I think it would be useful at my resolution or lower on small screens if we’re able to save vertical browsing space by enabling a compact design mode that would remove all the empty margin space in the tabs, url/addons bar as well as in the favorites quick access bar. currently the text occupies merely 30-40% of that vertical space and I would very much like a toggle button to make the design more compact to make more room for browsing space on screen.
Thanks for the consideration!