Vertical Farming Market – Global Opportunities & Forecast, 2020-2027
The primary objective of the Vertical
Farming market report by GMI Research is to help the users understand the
market scenario in terms of its definition, segmentation, drivers,
opportunities, market trends, and the challenges that the market is facing. This
report focuses on the Vertical
Farming market, especially in North America, Europe, Asia-Pacific, and the rest
of the world.
Key Drivers of the Vertical Farming
Market:
The global vertical farming market is
projected to witness strong demand over the coming years due to the inclination
of the consumers towards organic products, reducing amount of arable land, and
the strong demand for high-quality land. In addition to this, the increasing
production of crops due to the rising population and growing concerns of the
consumers for the health and rapid urbanization are some other factors that
will surge the growth of the vertical
farming market size. This type of farming provides numerous exceptional
advantages, including the use of significantly less water, less exposure to
chemicals & diseases, allows to achieve greater output from less
cultivation area and has a minimum impact of the extreme weather conditions.
The combination of these factors is accelerating the demand for the global vertical
farming market.
The rising production of biopharmaceutical
products and the strong demand for organic food due to the increasing
disposable income of the consumers, especially in developing countries, and
enhancement in the food supply chain are further energizing the market’s
demand. Vertical farming reduces the carbon footprint due to the rising proximity
to the consumer, which is resulting in a decrease in the distance covered by
trucks. On the other hand, the requirement of high initial investments for the
implementation of vertical farming and lack of technical skills are the certain
factors that are hampering the growth of the global vertical farming market.
List of Top Leading
Manufacturers/Key-Players of the Vertical Farming Market:
Various notable players in the
market include AeroFarms, EVERLIGHT, Urban Crop Solutions, AmHydro, Illumitex,
Koninklijke Philips N.V., Sky Greens, Agrilution, Green Sense Farms Holdings,
Inc., and Vertical Farm Systems, among others.
Segmentation of the Vertical Farming
Market:
The study’s objective is to define
market sizes of different segments & countries in recent years and predict
the values in the coming six years. The detailed segments and sub-segments of
the market are explained below:
Segment by Growth Mechanism:
·
Aeroponics
·
Aquaponics
·
Hydroponics
Segment by Structure:
·
Shipping Container Vertical
Farms
·
Building-Based Vertical Farms
Segment by Crop Type:
·
Peppers
·
Lettuce
·
Spinach
·
Broccoli
·
Tomatoes
·
Cucumbers
·
Pomegranates
·
Strawberries
·
Others
Segment by Offering:
·
Hydroponics Components
o
Meters & Solutions
o
Pumps & Irrigation
o
Water Filtration
o
Others
·
Lighting
o
Grow Light Reflectors
o
Grow Lights
o
Grow Light Ballasts
·
Sensors
o
CO2 Sensors
o
Temperature Sensors
o
pH Sensors
o
Nutrient Sensors
o
Crop Sensors
o
Others
·
Climate Control
o
Air Purification/Control
o
Ventilation Fans
o
Others
Segment by Region:
·
North America
o
United States of America
o Canada
·
Asia Pacific
o
China
o
Japan
o
India
o Rest of APAC
·
Europe
o
United Kingdom
o
Germany
o
France
o
Spain
o Rest of Europe
·
RoW
o
Brazil
o
South Africa
o
Saudi Arabia
o
UAE
o
Rest of the world (remaining
countries of the LAMEA region)
About GMI Research
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