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Vertical Farming Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: AeroFarms, Gotham Greens, Plenty (Bright Farms), Lufa Farms,

10 Feb, 2022 | 177 Pages
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Registering a CAGR of 41.7% over the forecast period of 2022-2027, the global Vertical Farming market size is anticipated to reach the market value of US$ 64370 million in the year 2027 from US$ 5575.1 million in the year 2021.



Vertical Farming Market Overview



Vertical farming is a process of planting or rising the plants in the horizontal loaded layer. Vertical farming use various techniques such as hydroponics, Aeroponics, Aquaponics. In the Hydroponics technique plants are full-grown without soil, using the mineral nutrient solutions in water solvent. The nutrient in hydroponics can be fish waste, duck waste or normal nutrient. In Aquaponics approaches aquatic animals such as snails, fish, and prawns in tanks are combine with the Hydroponics system where plants get the nutrients and water is then recirculated to the aquatic animals. Aeroponics is the process where pants are grown in air or mist environment without the use of soil. Vertical farming is highly advantageous to cultivate crops in bare, arid land etc. it is difficult to grow plants in such places, hence vertical farming so this encounter helps the mountains, unfertile land, and cities to grow different types of vegetables, fruits, flowers by using various structure like Indoors, rooftop, Building. The vertical farming has transformed the modern agricultural practice with its modern automation to produce the good quality of nutritious food while reducing the cost and consumption of harmful chemicals products.



Global market expansion is being driven by the increasing problems of land availability for food production in response to rising demand. Increased urbanisation, worldwide population, restricted water supplies, and ongoing climate change have all contributed to the scarcity of arable land.

The food and agriculture businesses are continually concerned about rising food consumption due to dwindling agricultural land resources around the world. The sectors have enormous hurdles in feeding the world's constantly growing population.





Industry News and Updates



April 18, 2021: AeroFarms and Hortifrut Announce R&D Partnership to Advance the Next Generation of Blueberry and Caneberry Production in Vertical Farms-- 

AeroFarms, a certified B Corporation and leader in vertical farming, and Hortifrut S.A., a certified B Corporation in Chile and a global business platform leader in berries marketing, distribution and production, today announced a multi-year partnership to jointly research and develop blueberry and caneberry production in fully-controlled indoor environments and vertical farms.



What are the major Applications, Types and Regions for Vertical Farming Market?



The Vertical Farming Market is segmented based on the Type, Applications and Regions.



By Type, it is segmented into




  • Hydroponics

  • Aeroponics

  • Aquaponics

  • Others



By Applications, it is segmented into




  • Vegetable Cultivation

  •  Fruit Planting

  •  Others



Vertical Farming Market Regional Analysis



The Asia Pacific vertical farming market size is anticipated to expand at 24.3% CAGR during the forecast period. Japan holds the largest share in Asia Pacific as it is one of the early developers in the market. The increasing expansion of present vertical farming projects in aggregation with the integration of automation will propel the market demand in Japan. For instance, Spread Co. produces over 20,000 heads of lettuce each day. The company has around 3,000 square meter facility outside of Kyoto. Urbanization and rising population feeding requirements in countries including India, South Korea, Taiwan, and others will also fuel the industry growth.




  • North America


    • US

    • Canada



  • Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Rest of Europe



  • Asia-Pacific

    • China

    • Japan

    • India

    • Australia

    • South Korea

    • Rest of Asia-Pacific



  • Rest of the World

    • Middle East & Africa

    • Latin America





What is our Vertical Farming Market report scope?























































Report Attributes



Report Details



Forecast Period 2022 to 2027 CAGR



CAGR of 41.7% over the forecast period (2022-2027)



By Type




  • Hydroponics

  • Aeroponics

  • Aquaponics

  • Others



By Application




  • Vegetable Cultivation

  •  Fruit Planting

  •  Others



By Companies



AeroFarms, 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, Nongzhong Wulian, Vertical Harvest, Infinite Harvest, FarmedHere, Metro Farms, Green Spirit Farms, Indoor Harvest, Sundrop Farms, Alegria Fresh, Farmbox, Greener Roots Farm



Regions Covered




  • North America

  • Europe

  • Asia-Pacific

  • Rest of the World



Countries Covered




  • US

  • Canada

  • Germany

  • France

  • UK

  • Italy

  • Spain

  • Rest of Europe

  • China

  • Japan

  • India

  • Australia

  • South Korea

  • Rest of Asia-Pacific

  • Middle East & Africa

  • Latin America



Base Year



2022



Historical Year



2017 to 2021



Forecast Year



2022 to 2027



Number of Pages



177



Customization Available



Yes, the report can be customized as per your needs




 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



Key Takeaways from this Vertical Farming Report




  • Evaluate Vertical Farming market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.

  • Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.

  • Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.

  • Analyze the sales and distribution channels across geographies to enhance top-line revenues.

  • Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.

  • Get a quick outlook on the Vertical Farming market entropy - M&A's, deals, partnerships, product launches of all key players for the past 5 years.

  • Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.



Frequently Asked Questions



What is the growth rate of Vertical Farming Market?



The Vertical Farming Market is growing at a CAGR of 41.7% over the next 5 years.



Who are the key players in Vertical Farming Market?



AeroFarms, 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, Nongzhong Wulian, Vertical Harvest, Infinite Harvest, FarmedHere, Metro Farms, Green Spirit Farms, Indoor Harvest, Sundrop Farms, Alegria Fresh, Farmbox, Greener Roots Farm



What are the significant types of Vertical Farming Market?



Hydroponics, Aeroponics, Aquaponics, Others



What are the major end-use applications of Vertical Farming Market?



Vegetable Cultivation, Fruit Planting, Others



All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.


  1. INTRODUCTION

    1. MARKET DEFINATION

    2. MARKET DYNAMICS

    3. MARKET SEGMENTATION

    4. REPORT TIMLINES

    5. KEY STAKEHOLDERS



  2. RESEARCH METHODOLOGY

    1. DATA MINING

      1. SECONDARY RESEARCH

      2. PRIMARY RESEARCH

      3. SUBJECT MATTER EXPERT ADVICE



    2. QUALITY CHECK

    3. FINAL REVIEW

      1. DATA TRIANGULATION

      2. BOTTOM-UP APPROACH

      3. TOP-DOWN APPROACH



    4. RESEARCH FLOW



  3. EXECUTIVE SUMMARY

    1. INTRODUCTION

    2. GLOBAL VERTICAL FARMING MARKET BY APPLICATIONS

    3. GLOBAL VERTICAL FARMING MARKET BY END TYPES



  4. MARKET DYNAMICS

    1. DRIVERS

      1. INCREASING DEMAND FOR VERTICAL FARMING



    2. RESTRAINTS

      1. STRINGENT ENVIRONMENTAL REGUALTIONS

      2. HIGH COST ON MATERIALS



    3. OPPORTUNITIES

      1. VERTICAL FARMING GROWTH

      2. APPLICATION OF VERTICAL FARMING



    4. IMPACT OF COVID 19



  5. GLOBAL VERTICAL FARMING MARKET, BY APPLICATION

    1. INTRODUCTION

    2. VEGETABLE CULTIVATION

    3.  FRUIT PLANTING

    4.  OTHERS



  6. GLOBAL VERTICAL FARMING MARKET, BY TYPES

    1. INTRODUCTION

    2. HYDROPONICS

    3. AEROPONICS

    4. AQUAPONICS

    5. OTHERS



  7. GLOBAL VERTICAL FARMING MARKET, BY REGION

    1. NORTH AMERICA

      1. US

      2. CANADA

      3. MEXICO



    2. EUROPE

      1. GERMANY

      2. FRANCE

      3. UK

      4. ITALY

      5. RUSSIA

      6. REST OF EUROPE



    3. APAC

      1. CHINA

      2. SOUTH KOREA

      3. JAPAN

      4. INDIA

      5. AUSTRALIA

      6. ASEAN

      7. REST OF APAC



    4. MIDDLE EAST & AFRICA

      1. SAUDI ARABIA

      2. UAE

      3. SOUTH AFRICA

      4. TURKEY

      5. REST OF MEA



    5. SOUTH AMERICA

      1. BRAZIL

      2. REST OF MEA

      3. ARGENTINA

      4. REST OF SOUTH AMERICA





  8. COMPETITIVE LANDSCAPE

    1. MERGERS, ACQUISITIONS, JOINT VENTURES, COLLABORATIONS,

    2. AND AGREEMENTS

      1. KEY DEVELOPMENT



    3. MARKET SHARE (%) **/RANKING ANALYSIS

    4. STRATEGIES ADOPTED BY LEADING PLAYERS



  9. COMPANY PROFILES

    1. BUSINESS OVERVIEW

    2. COMPANY SNAPSHOT

    3. PRODUCT BENCHMARKING

    4. STRATEGIC INITIATIVES

      1.     AeroFarms

      2.     Gotham Greens

      3.     Plenty (Bright Farms)

      4.     Lufa Farms

      5.     Beijing IEDA Protected Horticulture

      6.     Green Sense Farms

      7.     Garden Fresh Farms

      8.     Mirai

      9.     Sky Vegetables

      10.     TruLeaf

      11.     Urban Crops

      12.     Sky Greens

      13.     GreenLand

      14.     Scatil

      15.     Jingpeng

      16.     Metropolis Farms

      17.     Plantagon

      18.     Spread

      19.     Sanan Sino Science

      20.     Nongzhong Wulian

      21.     Vertical Harvest

      22.     Infinite Harvest

      23.     FarmedHere

      24.     Metro Farms

      25.     Green Spirit Farms

      26.     Indoor Harvest

      27.     Sundrop Farms

      28.     Alegria Fresh

      29.     Farmbox

      30.     Greener Roots Farm





SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.

PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.

MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.

EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.

REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.

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