Global market study ”Vertical Farming Market ” in-depth Research of the Vertical Farming Market state and the competitive landscape globally. Analyses the important factors of the Vertical Farming Market based on present industry situations, market demands, business strategies utilized by Vertical Farming Market players and the future prospects from various angles in detail. The report also presents forecasts for Vertical Farming Market from 2017 till 2022.
The global vertical farming market was valued at $1.47 billion in 2016, and is projected to reach $8.03 billion by 2024, having a CAGR of 20.7% during the forecast period of 2017 to 2024.
The practice of producing crops in vertically stacked layers, vertically inclined surfaces and in other integrated structures such as in a skyscraper, used warehouse, or shipping container is called vertical farming. The contemporary ideas of vertical farming use indoor farming techniques and controlledenvironment agriculture CEA technology, where all environmental factors can be controlled. These facilities utilize artificial control of light, environmental control including humidity and temperature and fertigation. Some vertical farms use techniques analogous to greenhouses, where natural sunlight can be amplified with artificial lighting and metal reflectors.
Market Determinants
Increasing popularity of organic foods, growing urban population and limited availability of arable land for traditional agriculture are some major factors which are stimulating the growth of vertical farming market. Moreover, people have shifted from traditional agricultural techniques to sustainable ways to abridge the increasing demandsupply gap. However, high initial investments and lack of technical knowledge are some major restraints to the market growth. Additionally, farmers are not fully aware of the operational and technological benefits of complete vertical farming method, which also acts as one of the key restraining factors for the market. On the other hand, constant development in the farming technologies can bring future opportunities to the market.
Market Segmentation
The global vertical farming market is segmented on the basis of component, building material, growth mechanism and geography. On the basis of component, the market is segmented as irrigation component, lighting, sensor, climate control, building material and others. By building material the market is segmented into glass greenhouse and plastic greenhouse. On the basis of growth mechanism the market is categorized as hydroponics, aeroponics and aquaponics. Geographically, the market is segmented into North America, Europe, AsiaPacific and Rest of World. Lighting segment is supposed to generate the highest revenue holding nearly 27% of the overall market share.
On the basis of region, European vertical farming market is expected to grow at the highest CAGR during the forecast period, owing to growth in concern over availability of water in certain parts, majorly in central and southern regions, rise in demand of organic food, and requirement of ensuring urban food security.
Some major market players are, Aerofarms, Agrilution, American Hydroponics, Everlight Electronics, Farmedhere, Green Sense Farms, Hort Americas, Illumitex, Koninklijke Philips N.V and Sky greens.
GLOBAL VERTICAL FARMING MARKET SEGMENTATION
By Component
• Irrigation Component
• Lighting
• Sensor
• Climate Control
• Building Material
• Others
By Building Material
• Glass greenhouse
• Plastic greenhouse
By growth Mechanism
• Hydroponics
• Aeroponics
• Aquaponics
By Geography
• North America
• Europe
• AsiaPacific
• Rest of World
KEY MARKET PLAYERS
• Aerofarms
• Agrilution
• American Hydroponics
• Everlight Electronics
• Farmedhere
• Green Sense Farms
• Hort Americas
• Illumitex
• Koninklijke Philips N.V
• Sky greens.
Download FREE Sample of this Report @ https://www.24marketreports.com/request-sample/vertical-farming-market-102
Table of Contents
CHAPTER 1. INTRODUCTION
1.1. RESEARCH METHODOLOGY
1.1.1. ERC desk research
1.1.2. ERC data synthesis
1.1.3. Data validation and market feedback
1.1.4. ERC data sources
1.2. RESEARCH SUMMARY
CHAPTER 2. MARKET LANDSCAPE
2.1. RESEARCH SCOPE
2.2. VALUE CHAIN ANALYSIS
2.3. FIVE FORCES ANALYSIS
2.4. MARKET SHARE ANALYSIS
2.5. DEMAND FORECAST
2.6. BUSINESS INTELLIGENCE & STRATEGIC ANALYSIS
2.7. MARKET DETERMINANTS
2.7.1. Drivers
2.7.2. Restraints
2.7.3. Opportunities
Get the Complete Report & TOC @ https://www.24marketreports.com/consumer-goods-and-services/vertical-farming-market-102
CONTACT US:
New York City Zone 01,
NY, United States.
International: (+1) 646 781 7170
UK (Toll free): +44 800 088 5734
Email: [email protected]