Vertical Farming

Vertical Farming Market Size Reaches $31.6 Billion Mark by 2030 Vertical Farming Market (By Component: Hydroponic Components, Lighting, Sensors and Climate Control; By Structure: Shipping Container and Building-based; By Fruits, Vegetables & Herbs: Bell & Chili peppers, Strawberry, Tomato Lettuce, Cucumber, Herbs, Leafy Greens (excluding lettuce) and Others) - Global Market Size, Share, Growth, Trends Analysis, Regional Outlook and Forecasts 2021 - 2030

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The vertical farming market is expected to exhibit a CAGR of 25.2% from 2021 to 2030 and is projected to reach US$ 31.6 Billion by 2030, according to a 2021 study by Precedence Research, the Canada based market insight company.

The report contains 150+ pages with detailed analysis. The study provides the overall revenue of the global vertical farming market from 2017 to 2030, considering 2020 as the base year and 2030 as the forecast year.

The global vertical farming market research report gives a brief summary of definitions, size analysis, and place of production, sales, applications, types, and major players/key vendors of the vertical farming industry. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post-COVID-19 marketplace. This research study also integrates Industry Chain analysis and Porter’s Five Forces Analysis. Further, this report offers a competitive scenario that comprises collaborations, market concentration rate and expansions, mergers & acquisitions undertaken by companies.

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Growth Factors

In the vertical farming industry, the implementation of harvesting robots, greenhouse roof washers and automated seed planters has been instrumental in reducing operational costs and increasing revenue. The automated movement of plants is becoming increasingly common. It includes the seeding, transplanting, harvesting, packaging, and cleaning unit tasks which, in turn, boost the demand for vertical farming. The primary factor that will have a positive effect on the vertical farming market in the coming years is the rapidly increasing global population and the demand for higher agricultural yields on limited arable land. For example, according to the Food & Agricultural Organization (FAO), by 2050, urban regions worldwide are expected to hold about 70 percent of the global population, which will place pressure on agricultural productivity to increase in the coming years. This method has numerous advantages over traditional farming, such as less reliance on soil fertility, low water usage, and regulated weather conditions through agrochemicals, which during the forecast spell will turn the entire agro-business. In addition, its capacity to produce fruits, vegetables and herbs of high quality throughout the year would further increase product development in the near term.

Report Highlights

  • The level of competition is high because of the involvement of a limited number of players in the vertical farming industry. The market is also rising at a remarkable rate, which intensifies the rivalry among the players in the market.
  • Asia-Pacific, North America and Europe are highly inclined to implement urban farming strategies, with main competitors concentrating primarily on expanding their product offerings in the vertical farming industry in these areas.

Regional Snapshots

With the progressive solutions and implementation, the vertical farming industry in Europe has the highest demand, accounting for over one-third of the world’s total share. This is due to the presence in the area of vast R&D centers and venture capitalists. For aeroponics, hydroponics and aquaponics, Asia Pacific posted the highest Y-o-Y growth in recent years and could surpass other continents in the near future. Due to the increasing land scarcity in the region, Singapore, South Korea and Japan are constantly investing in these technologies. In the coming years, Australia, ASEAN countries, India and China will see a major upheaval in vertical farming. Further the North American countries are focusing on the conservation of the natural resources specially United States and Canada which has become the fuelling factor for the growth of the vertical farming industry in North America.

Top Players Contending in the Market:

The key companies are aiming towards advanced innovations and are predictable to dominate the target market. Foremost players inspiring in the global vertical farming market are as follows:

  • 4D Bios Inc
  • Illumitex Inc
  • Urban Crop Solutions
  • Koninklijke Philips N.V.
  • AMHYDRO (American Hydroponics)
  • AeroFarms
  • Agrilution
  • Everlight Electronics Co., Ltd
  • Hort Americas
  • Others

Market Segmentation

By Component

  • Hydroponic Components
  • Lighting
  • Climate Control
  • Sensor

By Fruits, Vegetables & Herbs

  • Bell & Chili peppers
  • Strawberry
  • Tomato
  • Lettuce
  • Cucumber
  • Herbs
  • Leafy Greens (excluding lettuce)
  • Others

By Structure

  • Shipping Container
  • Building-based

Regional Segmentation

  • North America (U.S. and Canada)
  • Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
  • Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)
  • Latin America (Brazil and Rest of Latin America)
  • Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)

Some of the key highlights covered in the report include:

Market Demand-Supply Analysis – The report covers detailed insights into demand and supply forces prevailing in the global vertical farming market. It examines trends and factors influencing demand for vertical farming globally and gauges the impact of the same on the production.

Pricing Analysis – The report presents an exclusive pricing analysis. It compares pricing strategies adopted by the leading market players and identifies the most remunerative strategies.

Market Segmentation – The report segments the global market in terms of diverse criteria. It identifies the leading segment within each category and identifies growth drivers and restraints affecting growth across each segment.

Regional Analysis – The report segments the market in terms of North America, Europe, Latin America, Asia Pacific, and Rest of the World in terms of region. It has chapters exclusively dedicated to analyzing growth trends across each region. It identifies growth drivers as well challenges affecting demand for vertical farming across the world.

Competitive Analysis – Some of the leading market players are profiled in the report on vertical farming. The report offers an estimation of share individually help by the market players and determines the impact of some of their popular strategies.

COVID-19 Impact Analysis – This chapter is exclusively dedicated to gauging how the market has evolved or will develop in the post-pandemic era.

Growth Recommendations – In the end, the report presents valuable recommendations to ready businesses for unforeseen challenges in the near future.

Why should you invest in this report?

If you are aiming to enter the global vertical farming market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for vertical farming are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2030 so that you can plan your strategies to enter this market accordingly.

Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective
1.2. Scope of the Study
1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach
2.2. Data Sources
2.3. Assumptions& Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Vertical farming Market Variables and Scope

4.1. Introduction
4.2. Market Classification and Scope

Chapter 5. COVID 19 Impact on Vertical farming Market

5.1. Covid-19: Vertical farming Industry Impact
5.2. Vertical farming Business Impact Assessment: Covid-19
5.2.1. Services Challenges/Disruption
5.2.2. Market Trends and Vertical farming Opportunities in the COVID-19 Landscape for Major Markets
5.3. Strategic Measures against Covid-19
5.3.1. Government Support and Initiative to Combat Covid-19
5.3.2. Proposal for Vertical farming Market Players to deal with Covid-19 Pandemic Scenario

Chapter 6. Vertical farming Market Dynamics Analysis and Trends

6.1. Market Dynamics
6.1.1. Market Drivers
6.1.1.1. Scarcity of farming land
6.1.1.2. Soaring population levels leading to imbalances in food demand and supply
6.1.2. Market Restraints
6.1.2.1. High energy consumption
6.1.3. Market Opportunities
6.1.3.1. Emerging applications

Chapter 7. Global Vertical farming Market: Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis
7.1.1.1. Vertical farming Market Revenue by Market Players (2015-2020)
7.1.1.2. Vertical farming Market Revenue Market Share by Market Players (2015-2020)
7.1.2. Key Organic/Inorganic Strategies Adopted by Players
7.1.2.1. Product Portfolio Expansion, Geographic Expansion, Product Innovation
7.1.2.2. Merger and Acquisition, Collaboration and Partnerships
7.1.3. Market Players Landscape
7.1.3.1. List of Offering Suppliers
7.1.3.2. List of Fruits, Vegetables &Herbs

Chapter 8. Global Vertical farming Market, By Component

8.1. Vertical farming Market, by Component, 2017-2030
8.1.1. Hydroponic Components
8.1.1.1. Market Revenue and Forecast (2017-2030)
8.1.2. Lighting
8.1.2.1. Market Revenue and Forecast (2017-2030)
8.1.3. Climate Control
8.1.3.1. Market Revenue and Forecast (2017-2030)
8.1.4. Sensors
8.1.4.1. Market Revenue and Forecast (2017-2030)

Chapter 9. Global Vertical farming Market, By Structure

9.1. Vertical farming Market, by Structure, 2017-2030
9.1.1. Shipping Container
9.1.1.1. Market Revenue and Forecast (2017-2030)
9.1.2. Building-based
9.1.2.1. Market Revenue and Forecast (2017-2030)

Chapter 10. Global Vertical farming Market, By Fruits, Vegetables & Herbs

10.1. Vertical farming Market, by Fruits, Vegetables & Herbs, 2017-2030
10.1.1. Bell & Chili peppers
10.1.1.1. Market Revenue and Forecast (2017-2030)
10.1.2. Strawberry
10.1.2.1. Market Revenue and Forecast (2017-2030)
10.1.3. Tomato
10.1.3.1. Market Revenue and Forecast (2017-2030)
10.1.4. Lettuce
10.1.4.1. Market Revenue and Forecast (2017-2030)
10.1.5. Cucumber
10.1.5.1. Market Revenue and Forecast (2017-2030)
10.1.6. Herbs
10.1.6.1. Market Revenue and Forecast (2017-2030)
10.1.7. Leafy Greens
10.1.7.1. Market Revenue and Forecast (2017-2030)
10.1.8. Others
10.1.8.1. Market Revenue and Forecast (2017-2030)

Chapter 11. Global Vertical farming Market, Regional Estimates and Trend Forecast

11.1. North America
11.1.1. Market Revenue Forecast by Component (2017-2030)
11.1.2. Market Revenue Forecast by Structure(2017-2030)
11.1.3. Market Revenue Forecast by Fruits, Vegetables & Herbs (2017-2030)
11.1.4. U.S
11.1.4.1. Market Revenue Forecast (2017-2030)
11.1.5. Canada
11.1.5.1. Market Revenue Forecast (2017-2030)
11.2. Europe
11.2.1. Market Revenue Forecast by Component (2017-2030)
11.2.2. Market Revenue Forecast by Structure (2017-2030)
11.2.3. Market Revenue Forecast by Fruits, Vegetables & Herbs (2017-2030)
11.2.4. UK
11.2.4.1. Market Revenue Forecast (2017-2030)
11.2.5. Germany
11.2.5.1. Market Revenue Forecast (2017-2030)
11.2.6. France
11.2.6.1. Market Revenue Forecast (2017-2030)
11.2.7. Rest of EU
11.2.7.1. Market Revenue Forecast (2017-2030)
11.3. Asia Pacific (APAC)
11.3.1. Market Revenue Forecast by Component (2017-2030)
11.3.2. Market Revenue Forecast by Structure (2017-2030)
11.3.3. Market Revenue Forecast by Fruits, Vegetables & Herbs (2017-2030)
11.3.4. China
11.3.4.1. Market Revenue Forecast (2017-2030)
11.3.5. India
11.3.5.1. Market Revenue Forecast (2017-2030)
11.3.6. Japan
11.3.6.1. Market Revenue Forecast (2017-2030)
11.3.7. Rest of APAC
11.3.7.1. Market Revenue Forecast (2017-2030)
11.4. LATAM
11.4.1. Market Revenue Forecast by Component (2017-2030)
11.4.2. Market Revenue Forecast by Structure (2017-2030)
11.4.3. Market Revenue Forecast by Fruits, Vegetables & Herbs (2017-2030)
11.4.4. Brazil
11.4.4.1. Market Revenue Forecast (2017-2030)
11.4.5. Rest of LATAM
11.4.5.1. Market Revenue Forecast (2017-2030)
11.5. Middle East and Africa (MEA)
11.5.1. Market Revenue Forecast by Component (2017-2030)
11.5.2. Market Revenue Forecast by Structure (2017-2030)
11.5.3. Market Revenue Forecast by Fruits, Vegetables & Herbs (2017-2030)
11.5.4. GCC
11.5.4.1. Market Revenue Forecast (2017-2030)
11.5.5. North Africa
11.5.5.1. Market Revenue Forecast (2017-2030)
11.5.6. South Africa
11.5.6.1. Market Revenue Forecast (2017-2030)
11.5.7. Rest of MEA
11.5.7.1. Market Revenue Forecast (2017-2030)

Chapter 12. Company Profiles

12.1. 4D Bios Inc
12.1.1. Company Overview, Business Information, Regional Presence
12.1.2. Product Portfolio Analysis
12.1.2.1. Product Details, Specification, Structure
12.1.3. Revenue, Price, and Gross Margin (2015-2020)
12.1.4. Recent Developments and Strategies
12.2. Illumitex Inc
12.2.1. Company Overview, Business Information, Regional Presence
12.2.2. Product Portfolio Analysis
12.2.2.1. Product Details, Specification, Structure
12.2.3. Revenue, Price, and Gross Margin (2015-2020)
12.2.4. Recent Developments and Strategies
12.3. Urban Crop Solutions
12.3.1. Company Overview, Business Information, Regional Presence
12.3.2. Product Portfolio Analysis
12.3.2.1. Product Details, Specification, Structure
12.3.3. Revenue, Price, and Gross Margin (2015-2020)
12.3.4. Recent Developments and Strategies
12.4. Koninklijke Philips N.V.
12.4.1. Company Overview, Business Information, Regional Presence
12.4.2. Product Portfolio Analysis
12.4.2.1. Product Details, Specification, Structure
12.4.3. Revenue, Price, and Gross Margin (2015-2020)
12.4.4. Recent Developments and Strategies
12.5. AMHYDRO (American Hydroponics)
12.5.1. Company Overview, Business Information, Regional Presence
12.5.2. Product Portfolio Analysis
12.5.2.1. Product Details, Specification, Structure
12.5.3. Revenue, Price, and Gross Margin (2015-2020)
12.5.4. Recent Developments and Strategies
12.6. AeroFarms
12.6.1. Company Overview, Business Information, Regional Presence
12.6.2. Product Portfolio Analysis
12.6.2.1. Product Details, Specification, Structure
12.6.3. Revenue, Price, and Gross Margin (2015-2020)
12.6.4. Recent Developments and Strategies
12.7. Agrilution
12.7.1. Company Overview, Business Information, Regional Presence
12.7.2. Product Portfolio Analysis
12.7.2.1. Product Details, Specification, Structure
12.7.3. Revenue, Price, and Gross Margin (2015-2020)
12.7.4. Recent Developments and Strategies
12.8. Everlight Electronics Co., Ltd
12.8.1. Company Overview, Business Information, Regional Presence
12.8.2. Product Portfolio Analysis
12.8.2.1. Product Details, Specification, Structure
12.8.3. Revenue, Price, and Gross Margin (2015-2020)
12.8.4. Recent Developments and Strategies
12.9. Hort Americas
12.9.1. Company Overview, Business Information, Regional Presence
12.9.2. Product Portfolio Analysis
12.9.2.1. Product Details, Specification, Structure
12.9.3. Revenue, Price, and Gross Margin (2015-2020)
12.9.4. Recent Developments and Strategies
12.10. Sky Greens
12.10.1. Company Overview, Business Information, Regional Presence
12.10.2. Product Portfolio Analysis
12.10.2.1. Product Details, Specification, Structure
12.10.3. Revenue, Price, and Gross Margin (2015-2020)
12.10.4. Recent Developments and Strategies

Chapter 13. Appendix

13.1. About Us
13.2. Glossary of Terms

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Precedence Research

Precedence Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Precedence Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings.

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