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Vertical Farming Market By Components (Irrigation component, Lighting, Sensor, Climate control, Building material) By Growth Mechanism (Aeroponics, Hydroponics, Aquaponics) - Global size Analysis and Industry Forecast, 2018-2023.

 Agriculture

Report Overview

Global Vertical Farming Market was valued at USD 1.84 billion in the year 2017. Global Vertical Farming Market is further estimated to grow at a CAGR of 22.61% from 2018 to reach USD 6.25 Billion by the year 2023. The global population is increasing rapidly with increase in demand for food ultimately building pressure on the resources. Implementing vertical farming i.e. growing food in skyscrapers might help overcome these problems. 

Green Sense Farms, LLC (U.S.), Illumitex, Inc. (U.S.), American Hydroponics (U.S) and AeroFarms (U.S.) are some of the Key Players in the Global Vertical Farming market. Acquisitions, collaboration, and new product development are their key business strategy to gain market share. APAC followed by North America region holds the highest market share in 2017 and is considered as the fastest growing market in the estimated period. The U.S. is the major market in 2017 at country level and it is further anticipated to grow at a steady pace in the next 5 years.

Drivers

           Fast increasing global population and food consumption

           Returning farmland to nature

           Preservation of Water & Energy

Restrain

           Limited range of crops suitable for vertical farming

           High start-up costs

Opportunity

           Urban development

           Diminishing supplies of arable land and water.

Challenge

           Use of Artificial Lights

           Disputes with the USDA Organic Certification

In Global Vertical Farming Market of all the included components lighting device among irrigation component, sensor, climate control, building material and others and hydroponics as growth mechanism among aeroponics and hydroponics is expected to hold the highest market share during the estimated periodareThe growth is mainly due to Growing Population, speedy adoption of advanced farming, with increasing technological advancement in robotics and automation

On the other hand, Shipping Container Vertical Farms by growth structure is expected to grow at the highest CAGR during the year 2017-2023. Majorly because they’re compact and self-contained, offers easiness of shipment, cheap and readily available. Further, the global population is increasing rapidly with increase in demand for food ultimately building pressure on the resources. Implementing vertical farming i.e. growing food in skyscrapers might help overcome these problems. The global Vertical Farming market was valued at USD 1.5 billion in the year 2016. The global Vertical Farming market is further estimated to grow at a CAGR of 21.65% from 2018 to reach USD 6.3 billion by the year 2023. APAC followed by North America region holds the highest market share in 2016 with North America region is considered as the fastest growing market in the forecasted period. Green Sense Farms, LLC (U.S.), Illumitex, Inc. (U.S.), American Hydroponics (U.S) and AeroFarms (U.S.) are some of the key Players in the Global Vertical Farming market.

Key Benefits for Stakeholders

Vertical farming components Manufacturers, Distributors, and Retailers

Technology Standards Organizations, Forums, Alliances and Associations

End-use industries (Builders)

Technology investors and providers

By Components                                                

Irrigation component     

Lighting

Sensor 

Climate control  

Building material           

Others  

By Growth Mechanism                        

Aeroponics       

Hydroponics      

Aquaponics

By Growth Structure                                                   

Building-Based Vertical Farms    

Shipping Container Vertical Farms           

By Region

North America

Europe

Asia-Pacific

RoW

Key players

Aerofarms        

Illumitex, Inc.   

Koninklijke Philips N.V.  

Sky Greens      

Agrilution          

Everlight Electronics Co., Ltd.     

Green Sense Farms, LLC            

American Hydroponics   

Vertical Farm Systems   

Urban Crops

(Another brief information of 15 companies will be provided in the report)

Research Methodology:

Genesis Market Insights follows in-depth Research Methodology focused on reducing deviation in the collected data. GMI offers the most precise evaluations and projection for the market numbers. GMI engages following Market Engineering techniques –

  1. Raw Market Data is collected and compared with the Existing in-house Data on a broad front.
  2. Both Bottom-Up and Top-Down approaches are analyzed for segmenting and estimating measurable aspects of the market.
  3. To avoid bias, we filter the collected data collected from authenticated sources.
  4. GMI has a well proven Statistical Modeling System for estimates and forecasts.
  5. Further, the report findings are validated with the Industry Expert Panel on face to face or telephonic interviews.
  6. Panelists are approached from Leading Enterprises across the value chain including manufacturers, suppliers, technology providers, domain experts and buyers so as to validate a thorough and balanced market overview.

Detailed customization is also available for you. Further, if the report listed above does not meet your key requirements. Our customized research report will analytically cover the required market information you need which will help you to plan your business decisions.

Table Of Content

1          Introduction               

            1.1        Market Vision    

                        1.1.1     Market Definition

                        1.1.2     Market Scope

            1.2        Currency          

            1.3        Limitations        

            1.4        Stakeholders

2          Research Methodology           

            2.1        Research Process          

                        2.1.1     Secondary Research

                                    2.1.1.1

                        2.1.2     Primary Research

                                    2.1.2.1

                                    2.1.2.2

            2.2        Market Size Estimation   

                        2.2.1     Bottoms-Up Approach

                        2.2.2     Top down Approach

            2.3        Data Triangulation         

            2.4        Research Assumptions   

                        2.4.1     Assumption

3          Executive Summary   

4          Market Overview         

            4.1        Introduction      

            4.2        Drivers 

            4.3        Restraints         

            4.4        Opportunities    

            4.5        Challenges        

            4.6        Regulations       

            4.7        Supply chain analysis/ value chain analysis         

            4.8        Patents and Standards

5          Industry Trends

            5.1        Introduction      

            5.2        Value Chain Analysis     

            5.3        Porter’s Five Forces Analysis      

                        5.3.1     Threat of New Entrants

                        5.3.2     Threat of Substitutes

                        5.3.3     Bargaining Power of Buyers

                        5.3.4     Bargaining Power of Suppliers

                        5.3.5     Intensity of Competitive Rivalry

6          Vertical Farming Market by Components

            6.1        Irrigation component     

            6.2        Lighting

            6.3        Sensor 

            6.4        Climate control  

            6.5        Building material           

            6.6        Other

7          Vertical farming Market by Growth Mechanism

            7.1        Aeroponics       

            7.2        Hydroponics      

            7.3        Aquaponics

8          Vertical Farming Market by Growth Structure 

            8.1        Building-Based Vertical Farms    

            8.2        Shipping Container Vertical Farms           

9          Geographical Analysis            

            9.1        Introduction      

            9.2        North America   

                        9.2.1     U.S.

                        9.2.2     Canada

                        9.2.3     Mexico

            9.3        Europe 

                        9.3.1     Germany

                        9.3.2     France

                        9.3.3     U.K.

                        9.3.4     ROE (Spain, Russia, Switzerland)

            9.4        Asia Pacific       

                        9.4.1     China

                        9.4.2     India

                        9.4.3     Japan

                        9.4.4     RoAPAC (South Korea, Australia, New Zealand & Singapore)

            9.5        RoW 

                        9.5.1     Latin America (Brazil, Argentina, Chile & Rest of Argentina)

                        9.5.2     Middle East & Africa

10        Company Profile                     

            (Business Overview, Patents & Standards, Financial Overview*, Product Portfolio, Recent Developments)                 

            10.1      Aerofarms        

            10.2      Illumitex, Inc.   

            10.3      Koninklijke Philips N.V.  

            10.4      Sky Greens      

            10.5      Agrilution          

            10.6      Everlight Electronics Co., Ltd.     

            10.7      Green Sense Farms, LLC            

            10.8      American Hydroponics   

            10.9      Vertical Farm Systems   

            10.10    Urban Crops     

            10.11    Farmedhere      

            10.12    Horti Americas  

            10.13    Freight Farms    

            10.14    BrightFarms      

            10.15    GrowUp Urban Farms     

            10.16    AFFINOR Growers          

            10.17    Fujitsu  

            10.18    Infinite Harvest 

            10.19    Plenty Inc.        

            10.20    Indoor Harvest Corporation        

            10.21    Urban Crop Solutions     

            10.22    Spread Co. Ltd. 

            10.23    Valoya 

            10.24    Fluence Bioengineering  

            10.25    Lumigrow         

            *Details Might Not Be Captured in Case of Unlisted Companies 

11        Competitive Analysis              

            11.1      Introduction      

            11.2      Market Positioning of Key Players

                        11.2.1   Quadrants

            11.3      Competitive Strategies Adopted by Leading Players          

                        11.2.1   Investments & Expansions

                        11.2.2   New Product Launches

                        11.2.3   Mergers & Acquisitions

                        11.2.4   Agreements, Joint Ventures, and Partnershiships

12        Appendix                    

            12.1      Questionnaire   

            12.2      Introducing RT: Real-Time Market Intelligence     

            12.3      Available Customizations

            12.4      Upcoming Events (Trade Fair, Exhibitions, Conferences)    

Summary

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