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

01 Mar, 2022 | 125 Pages
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Registering a CAGR of 22.10% over the forecast period of 2022-2027, the global Vertical Farming Technology market is anticipated to reach the market value of US$ 24.11 billion from US$ 3.25 Billion in the year 2021.



Vertical Farming Technology Market Overview



Vertical Farming Technology involves stacking farms vertically. This has allowed small land to be used for more production. It is a nontraditional method of crop farming that enables easy harvesting, a negligible effect of climate, high yield, minimal pesticides usage, less area requirement, and less water consumption. The market is studied in terms of end-users of vertical farming technology. The report describes the market in terms of the key players, the features driving the market, and the factors restrictive the growth, along with the competition present in the global vertical farming market. Vertical farming uses LED lights and climate management, repeatedly adjusting temperature and humidity. It delivers a year-round supply of fresh, pesticide-free, locally grown vegetables, permitting more control over the conditions in which the plants develop. Moreover, vertical farming offers a important benefit in terms of yield.



The US market conquered the North American region. Rising concerns toward food security and nutrition are predictable to open a number of novel chances for the industry to prosper. The United States is expected to invest an important share in facilitating the ecosystem for future foods. Obesity and heart diseases are prevalent, health-related issues among consumers. Moreover, the growing depletion of groundwater and changing climatic conditions have advised traditional growers to accept alternate farming methods. Growing consumer concerns toward health and the abovementioned factors are likely to elevate the industry demand.



Who are the Major Players in Vertical Farming Technology Market?



The Vertical Farming Technology Market is rising at a very fast pace and has seen the focus of many local and regional vendors offering precise application products for numerous end users. The three dependencies for the status of major companies in the market are: company profile, profitable gross margin, the prices they charge. These are the main players in this market includes 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,and Others



Recent Developments



April 2021, Swegreen Introduced the ‘NextGen’ of super-effective in-store vertical farms in Ica Maxi megastore in Linköping, Sweden. The new vertical farm will be the Scandinavia’s largest in-store cultivation.



In December 2019, AeroFarms started to build a state-of-the-art indoor vertical farm to meet growing consumer demands for more flavorful produce. It is expected to be one of the largest farms of its kind in the world in Danville, Virginia.‚Äč



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



The vertical Farming Technology Market is segmented based on the type, applications, companies, and regions.



By Type, it is segmented into




  • Vegetable Cultivation

  • Fruit Planting

  • Other



By Applications, it is segmented into




  • Aeroponics

  • Hydroponics

  • Other



Vertical Farming Technology Market Regional Analysis



Asia-Pacific is anticipated to witness the fastest progress in the Vertical Farming Technology market. With increasing population in Asia-Pacific, fertile agricultural land is decreasing, which creates an opportunity for urban farming. China and India are the most populated countries and the available agricultural land in these countries is decreasing at a rapid pace with rising urbanization and population. Rising disposable and per capita incomes across APAC are anticipated to drive the demand of urban farming in the coming years.




  • 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





The Vertical Farming Technology Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type, and segment. It focuses extensively on revealing a detailed regional analysis. The Global Vertical Farming Technology Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.



What is our Vertical Farming Technology Market report scope?























































Report Attributes



Report Details



Forecast Period 2022 to 2027 CAGR



CAGR of 22.10% during the review period (2022 to 2027).



By Type




  • Vegetable Cultivation

  • Fruit Planting

  • Other



 



   



By Application




  • Aeroponics

  • Hydroponics

  • Other



     



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,



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



125



Customization Available



Yes, the report can be customized as per your needs




 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



Key Takeaways from this Vertical Farming Technology Report




  • Evaluate Vertical Farming Technology 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 Technology market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 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 study period of this market?



The Vertical Farming Technology Market is studied from 2017 - 2027.



What is the growth rate of Vertical Farming Technology Market?



The Vertical Farming Technology Market is growing at a CAGR of 22.10% over the next 5 years.



Who are the leading key players in Vertical Farming Technology 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,



What regions regions does this Vertical Farming Technology Market report covers?



North America (the United States, Canada, and Mexico)



Europe (Germany, France, UK, Russia, and Italy)



Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)



South America (Brazil, Argentina, Colombia, etc.)



The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)



What are the significant types of Vertical Farming Technology Market?



Vegetable Cultivation, Fruit Planting, Other



What are the significant Applications of Vertical Farming Technology Market?



Aeroponics, Hydroponics, Other



All our reports are custom made to your company's needs to a certain extent, we do provide 5 free consulting hours along with the 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 DEFINITION

    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 TECHNOLOGY MARKET BY APPLICATIONS

    3. GLOBAL VERTICAL FARMING TECHNOLOGY MARKET BY TYPES



  4. MARKET DYNAMICS

    1. DRIVERS

      1. INCREASING DEMAND FOR VERTICAL FARMING TECHNOLOGY



    2. RESTRAINTS

      1. STRINGENT ENVIRONMENTAL REGUALTIONS

      2. HIGH COST ON MATERIALS



    3. OPPORTUNITIES

      1. VERTICAL FARMING TECHNOLOGY GROWTH

      2. APPLICATION OF VERTICAL FARMING TECHNOLOGY



    4. IMPACT OF COVID 19



  5. GLOBAL VERTICAL FARMING TECHNOLOGY MARKET, BY TYPES

    1. Vegetable Cultivation

    2. Fruit Planting

    3. Other



  6. GLOBAL VERTICAL FARMING TECHNOLOGY MARKET, BY APPLICATION

    1. Aeroponics

    2. Hydroponics

    3. Other



  7. GLOBAL VERTICAL FARMING TECHNOLOGY 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.  JDA Software group

      22.  Inc. (Arizona US)

      23.  and Syntel Inc. (Michigan US)

      24.  Fujitsu Ltd

      25.  Alibaba Group

      26.  AWS

      27.  Baidu

      28.  Cisco Systems Inc.

      29.  Google

      30.  IBM Corporation

      31.  Infor

      32.  JDA Software Group

      33.  TCS





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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