Vertical farming is a growing technique that utilizes a small space to grow multiple crops in one location. The benefits include faster yields, better quality produce, and less water consumption. In addition, vertical farming can help reduce the impact of agricultural land and fuel use. One of the most impressive features of vertical farming is that it is able to grow all types of crops year round. This is not possible with traditional farming, which often requires the crops to be harvested two weeks after being planted. Furthermore, vertical farms are able to recycle water and reuse it as needed.
Market Dynamics:
The vertical farming market is projected to witness a significant growth in the future. It is due to the rise in population and urbanization. In addition to this, the need for organic food and increasing demand for locally grown foods are the major driving forces behind the market growth. Increasing investments in vertical farms are also expected to drive the growth of the industry. Moreover, the increasing trend of nano-farms is also a factor driving growth of the market.
On the other hand, high capital investment and operating cost of vertical farming is expected to hinder the market growth.
Key features of the study:
- This report provides in-depth analysis of the global vertical farming market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2022–2030), considering 2021 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global vertical farming market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include Signify Holding (PHILIPS), Aerofarms, Sky Greens, IGS limited, Everlight Electronics Co., Ltd., Freight Farms, Agrilution, American Hydroponics, Urban Crops Solutions, Vertical Farm System, Gronska stadsodling ab, V-Farm, GrowUp Farms Ltd, Vertical Future Ltd, SweGreen, Jones Food Company, InFarm, Agricool, Future Crops, GrowY, and Intelligent Growth Solutions Limited
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global vertical farming market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global vertical farming market
Detailed Segmentation:
- Global Vertical Farming Market, By Growth Mechanism
- Aeroponics
- Hydroponics
- Aquaponics
- Global Vertical Farming Market, By Structure
- Building-based Vertical Farms
- Shipping Container-based Vertical Farms
- Global Vertical Farming Market, By Component
- Lighting
- Climate Control
- Sensors
- Other Components
- Global Vertical Farming Market, By Crop
- Tomato
- Berries
- Lettuce and Leafy Vegetables
- Pepper
- Cucumber
- Microgreens
- Other Crop Types
- Global Vertical Farming Market, By Geography
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
- Company Profiles
- Signify Holding (PHILIPS)
- Aerofarms
- Sky Greens
- IGS limited
- Everlight Electronics Co., Ltd.
- Freight Farms
- Agrilution
- American Hydroponics
- Urban Crops Solutions
- Vertical Farm System
- Gronska stadsodling ab
- V-Farm
- GrowUp Farms Ltd
- Vertical Future Ltd
- SweGreen
- Jones Food Company
- InFarm
- Agricool
- Future Crops
- GrowY
- Intelligent Growth Solutions Limited
