As per Research Conducted by KD Market Insights on “Vertical Farming Market”, the report offers the innovation and development in Vertical Farming industry. The Research Study evaluates the key trends, opportunities, advantages and factors that are assertive the inclusive evolution of the market. The report examines the different segments laterally with major geographies that have more demand for Vertical Farming Market. The competition analysis is also a major part of the report.
The global vertical farming market was valued at $1.5 billion in 2016 and is projected to reach $6.4billion by 2023, growing at a CAGR of 23.6% from 2017 to 2023. Vertical farming is a nontraditional method to grow crops, which enables ease of harvesting, no effect of climate, high yield, minimal usage of pesticides, less area requirement, and less water consumption. For instance, one hectare of vertical farming is equivalent to nine hectares of traditional outdoor farming and saves nearly 200 tons of water on a daily basis.
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Aeroponics, a growth mechanism of vertical farming uses mist, mixed with vital nutrients, water, and oxygen and directs it to the open roots of the plants for their growth. This growth mechanism is a closed-loop system that uses approximately 95% less water than field farming. This technique does not use pesticides in addition to zero harmful waste products in the environment. The controlled environment of aeroponics has the capability to produce approximately 70% more yield as compared to traditional agriculture.
The demand for vertical farming is expected to increase rapidly across the globe during the forecast period, owing to various factors such as rise in popularity of organic food, increase in urban population, and decrease on arable land. However, high initial investments and involvement of nascent technology hamper the market growth.
The global vertical farming market is segmented based on component, growth mechanism, and region. Based on component, the market is categorized into irrigation component, lighting, sensor, climate control, building material, and others. The building material segment is bifurcated into a glass greenhouse and plastic greenhouse. Based on the growth mechanism, the market is categorized into hydroponics, aeroponics, and aquaponics. Geographically, it is analyzed across North America (U.S., Mexico, and Canada), Europe (UK, Germany, France, Netherlands, and rest of Europe), Asia-Pacific (China, India, Japan, Australia, Singapore, and Rest of Asia-Pacific), and LAMEA (Brazil, Saudi Arabia, South Africa, and Rest of LAMEA).
Major companies profiled in the report include AeroFarm, FarmedHere, Illumitex, Inc., Koninklijke Philips N.V., Sky Green, Everlight Electronics, Green Sense Farms, American Hydroponics, Hort Americas, Agrilution, and others.
– The study provides an in-depth analysis of the global vertical farming market to elucidate the prominent investment pockets.
– Current trends and future estimations are outlined to determine the overall market scenario.
– The report provides information about the key drivers, restraints, and opportunities with a detailed impact analysis.
– Irrigation Component
– Climate Control
– Building Material
By Growth Mechanism
– North America
– – U.S.
– – Mexico
– – Canada
– – UK
– – Germany
– – France
– – Netherlands
– – Rest of Europe
– – China
– – India
– – Japan
– – Australia
– – Singapore
– – Rest of Asia-Pacific
– – Brazil
– – Saudi Arabia
– – South Africa
– – Rest of LAMEA
– Illumitex, Inc.
– Koninklijke Philips N.V.
– Sky Green
– Everlight Electronics
– Green Sense Farms
– American Hydroponics
– Hort Americas
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Table of Content
CHAPTER 1 INTRODUCTION
1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS FOR STAKEHOLDERS
1.3. KEY MARKET SEGMENTS
1.4. RESEARCH METHODOLOGY
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models
CHAPTER 2 EXECUTIVE SUMMARY
2.1. CXO PERSPECTIVE
CHAPTER 3 MARKET OVERVIEW
3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS
3.2.1. Top impacting factors
3.2.2. Top winning strategies
3.2.3. Top investment pockets
3.3. PORTERS FIVE FORCES ANALYSIS
3.3.1. Porters five forces analysis
3.4. MARKET DYNAMICS
CHAPTER 4 GLOBAL VERTICAL FARMING MARKET, BY COMPONENT
4.1.1. Market size and forecast
4.2. IRRIGATION COMPONENT
4.2.2. Key market trends, growth factors, and opportunities
4.2.3. Market size and forecast
4.3.2. Key market trends, growth factors, and opportunities
4.3.3. Market size and forecast
4.4.2. Key market trends, growth factors, and opportunities
4.4.3. Market size and forecast
4.5. CLIMATE CONTROL
4.5.2. Key market trends, growth factors, and opportunities
4.5.3. Market size and forecast
4.6. BUILDING MATERIAL
4.6.2. Key market trends, growth factors, and opportunities
4.6.3. Market size and forecast
4.6.4. Glass Greenhouse
22.214.171.124. Market size and forecast
4.6.5. Plastic Greenhouse
126.96.36.199. Market size and forecast
4.7.2. Key market trends, growth factors, and opportunities
4.7.3. Market size and forecast
CHAPTER 5 GLOBAL VERTICAL FARMING MARKET, BY GROWTH MECHANISM
5.1.1. Market size and forecast
5.2.2. Key market trends, growth factors, and opportunities
5.2.3. Market size and forecast
5.3.2. Key market trends, growth factors, and opportunities
5.3.3. Market size and forecast
5.4.2. Key market trends, growth factors, and opportunities
5.4.3. Market size and forecast
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