Vertical Farming Market: Information by Type (Hydroponics, Aeroponics, Others) End-use Application (Vegetable Cultivation, Fruit Planting, Others) and Region (Asia-Pacific, North America, Europe, Latin America, and Others) — Global Forecast till 2026
Vertical farming is the practice of growing produce in vertically stacked layers. The practice can use soil, hydroponic or aeroponic growing methods. Vertical farms attempt to produce food in challenging environments, like where arable land is rare or unavailable.
The global Vertical Farming market is expected to grow from USD 2,914 million in 2019 to USD 6,936 million by 2026, registering a CAGR of 13.19% from 2019 to 2026.
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Key Dynamics
According to the report, one of the main dynamics that stimulating the global Vertical Farming market is the rising demand for high-quality, without pesticides or herbicides, independent farming technique with less impact of climate changes, possible to grow vegetables and fruits in a limited space. Moreover, Vertical farming is an ideal solution as it consumes 90% less water than traditional farming and increases yield by almost 70%. It is projected to play an important role in contributing to urban food safety, facilitating year-round production, and decreasing food miles. However, high initial investments and limitations on the variety of crops grown are considered as restraint factors. But growing urban populations across the globe can pose a lucrative opportunity to market expansion.
Segmentation
On the basis of type, Vertical Farming Market segmented into
l Aeroponics
l Others
On the application, Vertical Farming Market segmented into
l Vegetable Cultivation
l Fruit Planting
l Others
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Competitive Landscape
Important players profiled in the global Vertical Farming market include AeroFarms, Gotham Greens, Gotham Greens, Plenty (Bright Farms), Lufa Farms, Beijing IEDA Protected Horticulture, Green Sense Farms, Garden Fresh Farms, Mirai, Sky Vegetables, TruLeaf, Urban Crops, Sky Greens, GreenLand, Scatil, Jingpeng, Metropolis Farms, Plantagon, Spread, Sanan Sino Science, and etc.
Regional Spotlights
The global Vertical Farming market can be bifurcated into North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America. North America holds the largest market share of 39.61% of global vertical farming on account of the emerging trend of indoor agriculture in the region. Europe is the second-largest market with a share of 32.02%. Though Asia-Pacific accounts for nearly 26.79% of the total sales in the same period, the region has the highest potential for proliferation of such solutions in forthcoming years, which is on account of numerous driving factors such as growing urbanization, declining area of cultivable land, growing awareness towards health and fitness, along with supportive government initiatives in emerging economies such as India and China.
Overall Regions Outlook
l North America (U.S., Canada, Mexico)
l Europe (Germany, France, Italy, Spain, U.K., Nordic Countries, Belgium, Russia, Rest of Europe
l Asia Pacific (China, India, Australia, Japan, South Korea, Australia and New Zealand, Rest of Asia Pacific)
l Latin America, Middle East & Africa (Brazil, Nigeria, Argentina, South Africa, GCC Countries.
l Others
1 Report Overview
1.1 Product Definition and Scope
1.2 PEST (Political, Economic, Social and Technological) Analysis of Vertical Farming Market
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2 Market Trends and Competitive Landscape
3 Segmentation of Vertical Farming Market by Types
4 Segmentation of Vertical Farming Market by End-Users
5 Market Analysis by Major Regions
6 Product Commodity of Vertical Farming Market in Major Countries
7 North America Vertical Farming Landscape Analysis
8 Europe Vertical Farming Landscape Analysis
9 Asia Pacific Vertical Farming Landscape Analysis
10 Latin America, Middle East & Africa Vertical Farming Landscape Analysis
11 Major Players Profile
11.1 AeroFarms
11.1.1 AeroFarms Company Profile and Recent Development
11.1.2 Market Performance
11.1.3 Product and Service Introduction
11.2 Gotham Greens
11.3 Plenty (Bright Farms)
11.4 Lufa Farms
11.5 Beijing IEDA Protected Horticulture
11.6 Green Sense Farms
11.7 Garden Fresh Farms
11.8 Mirai
11.9 Sky Vegetables
11.10 TruLeaf
11.11 Urban Crops
11.12 Sky Greens
11.13 GreenLand
11.14 Scatil
11.15 Jingpeng
11.16 Metropolis Farms
11.17 Plantagon
11.18 Spread
11.19 Sanan Sino Science
11.20 Nongzhong Wulian
…
In-depth Vertical Farming Market Report: Intended Audience
l Vertical Farming service providers
l Agriculture solution companies
l Downstream vendors and end-users
l Vertical Farming technology corporations
l Agriculture industry associations and research organizations
l Product managers, Vertical Farming industry administrator, C-level executives of the industries
l Market Research and consulting firms
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Years considered for the study
l Base Year: 2018
l Estimated Year: 2019
l Forecast Period: 2019 to 2026
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