The global Vertical Farming market report also contains the drivers and restrains for the Vertical Farming market that are derived from SOWT analysis, and also shows what all the recent developments, product launches, joint ventures, merges and accusations by the several key players and brands that are driving the market are by systemic company profiles.
The Global Vertical Farming Market is expected to reach USD 6.23 billion by 2025, from USD 2.1 billion in 2017 growing at a CAGR of 25.5% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2014 & 2015, the base year of calculation is 2016 and the forecast period is 2018 to 2025.
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Major Market Competitors/Players: Global Vertical Farming Market
Some of the major players operating in the global vertical farming market are AeroFarms, Sky Greens , Illumitex, Inc. , EVERLIGHT., Green Sense Farms , agrilution GmbH, AMHYDRO, Urban Crop Solutions., FarmedHere., Hort Americas, Plenty Inc., Valoya Oy., AEssenseGrows, Whole Plant Technologies. Infinite Harvest, Inc., FUJITSU, Indoor Harvest, Corp., Spread Co Limited, among others.
Global Vertical Farming Market, By Product( Fruits, Vegetables & Herbs and Aquatic Species)By Technology (Aeroponics, Hydroponics, Aquaponics), By Structure (Building-Based Vertical Farms, Shipping Container Vertical Farms), By Application (Indoor environment, Outdoor environment.), By Offering (Lighting, Hydroponics Components, Climate Control, Sensors), By Geography (North America, Europe, Asia Pacific, South America)– Industry Trends and Forecast to 2025
Major Market Drivers:
- Increasing demand for high-quality food
- Independent farming technique
- Able to produce vegetables and fruits in a small space
Restraints:
- High capital.
- Varieties of crops grown are limited.
Market Segmentation: Global Vertical Farming Market
The global vertical farming market is segmented into product, technology, structure, crop type, offering, and by geography.
Based on product, the global vertical farming market is segmented into fruits, vegetables & herbs and aquatic species.
Based on technology, the global vertical farming market is segmented into aeroponics, hydroponics, and aquaponics.
On the basis of structure, the global vertical farming market is segmented into building-based vertical farms and shipping container vertical farms.
On the basis of offering, the global vertical farming market is segmented into lighting, hydroponics components, climate control and sensors. Lighting is further segmented into grow lights, grow light reflectors and grow light ballasts, hydroponics components is further segmented into pumps and irrigation, meters and solutions, water filtration and others, climate control is further segmented into ventilation fans, air purification/control and others and sensors is further segmented into temperature sensors, CO2 sensors, nutrient sensors, PH sensors, crop sensors and others
Based on geography, the global vertical farming market report covers data points for 28 countries across multiple geographies namely north America & south America, Europe, Asia-pacific and, middle east & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa And, Brazil Among Others. In 2017, North America is expected to dominate the market.
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