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Global Vertical Farming Market Report (2022 to 2027) - Industry Trends, Share, Size, Growth, Opportunity and Forecasts

Research and Markets
·6-min read
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Vertical Farming Market

Vertical Farming Market
Vertical Farming Market

Dublin, July 25, 2022 (GLOBE NEWSWIRE) -- The "Vertical Farming Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.

The global vertical farming market reached a value of US$ 3.66 Billion in 2021. Looking forward, the publisher expects the market to reach a value of US$ 13.98 Billion by 2027, exhibiting a CAGR of 25.03% during 2021-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Vertical farming refers to an innovative farming technique that involves growing food and medicinal plants in vertically stacked layers. It is adopted for producing crops with artificial control of light, temperature, humidity and gases. Vertical farming utilizes a combination of methods involving hydroponics, aeroponics and aquaponics to grow crops without soil using mineral nutrient solutions, such as peat moss and coconut husk, or aquatic animals, such as snail, fish and prawns. It is highly beneficial for crop cultivation on arid lands, mountains, unfertile lands, indoors and rooftops of the buildings. In comparison to the traditional farming practices, vertical farming is sustainable and has lower water and energy requirements.

Vertical Farming Market Trends:

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A rapid increase in the global population, along with rising scarcity of arable land, is one of the key factors driving the growth of the market. Moreover, an escalating requirement for stabilized crop production to meet the rising food demands is providing a thrust to the market growth. In line with this, the legalization of cannabis cultivation for medical and recreational purposes is also contributing to the growth of the market.

Various technological advancements in light-emitting diode (LED) technology and the integration of the Internet of Things (IoT)-enabled sensors and monitoring devices are acting as other growth-inducing factors. These novel LED top-lighting and inter-lighting solutions aid in reducing the farming costs and increasing the overall yield. Other factors, including the rising expenditure capacities of the consumers, along with the implementation of favorable government policies, are anticipated to drive the market toward growth.

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being AeroFarms, Agrilution Systems GmbH, AmHydro, Everlight Electronics Co. Ltd., Freight Farms Inc., Gronska Stadsodling, Heliospectra AB, Jones Food Company Limited, Koninklijke Philips N.V., OSRAM GmbH (ams-OSRAM AG), Signify N.V., Urban Crop Solutions and Vertical Farm Systems Pty Ltd.

Key Questions Answered in This Report:

  • How has the global vertical farming market performed so far and how will it perform in the coming years?

  • What has been the impact of COVID-19 on the global vertical farming market?

  • What are the key regional markets?

  • What is the breakup of the market based on the component?

  • What is the breakup of the market based on the structure?

  • What is the breakup of the market based on the growth mechanism?

  • What is the breakup of the market based on the application?

  • What are the various stages in the value chain of the industry?

  • What are the key driving factors and challenges in the industry?

  • What is the structure of the global vertical farming market and who are the key players?

  • What is the degree of competition in the industry?

Key Topics Covered:

1 Preface

2 Scope and Methodology

3 Executive Summary

4 Introduction
4.1 Overview
4.2 Key Industry Trends

5 Global Vertical Farming Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 Market Breakup by Component
6.1 Irrigation Component
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Lighting
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Sensors
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Climate Control
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Building Material
6.5.1 Market Trends
6.5.2 Key Segments
6.5.2.1 Glass Greenhouse
6.5.2.2 Plastic Greenhouse
6.5.3 Market Forecast
6.6 Others
6.6.1 Market Trends
6.6.2 Market Forecast

7 Market Breakup by Structure
7.1 Building-based Vertical Farms
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Container-based Vertical Farms
7.2.1 Market Trends
7.2.2 Market Forecast

8 Market Breakup by Growth Mechanism
8.1 Hydroponics
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Aeroponics
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Aquaponics
8.3.1 Market Trends
8.3.2 Market Forecast

9 Market Breakup by Application
9.1 Indoor
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Outdoor
9.2.1 Market Trends
9.2.2 Market Forecast

10 Market Breakup by Region

11 SWOT Analysis

12 Value Chain Analysis

13 Porters Five Forces Analysis

14 Price Analysis

15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 AeroFarms
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.2 Agrilution Systems GmbH
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.3 AmHydro
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.4 Everlight Electronics Co. Ltd.
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.4.3 Financials
15.3.5 Freight Farms Inc.
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.6 Gronska Stadsodling
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.7 Heliospectra AB
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.7.3 Financials
15.3.8 Jones Food Company Limited
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.9 Koninklijke Philips N.V.
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.9.3 Financials
15.3.9.4 SWOT Analysis
15.3.10 OSRAM GmbH (ams-OSRAM AG)
15.3.10.1 Company Overview
15.3.10.2 Product Portfolio
15.3.10.3 Financials
15.3.11 Signify N.V.
15.3.11.1 Company Overview
15.3.11.2 Product Portfolio
15.3.11.3 Financials
15.3.12 Urban Crop Solutions
15.3.12.1 Company Overview
15.3.12.2 Product Portfolio
15.3.13 Vertical Farm Systems Pty Ltd
15.3.13.1 Company Overview
15.3.13.2 Product Portfolio

For more information about this report visit https://www.researchandmarkets.com/r/uqu6jt

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