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.
Fast increasing global population and food consumption
Returning farmland to nature
Preservation of Water & Energy
Limited range of crops suitable for vertical farming
High start-up costs
Diminishing supplies of arable land and water.
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 Growth Mechanism
By Growth Structure
Building-Based Vertical Farms
Shipping Container Vertical Farms
Koninklijke Philips N.V.
Everlight Electronics Co., Ltd.
Green Sense Farms, LLC
Vertical Farm Systems
(Another brief information of 15 companies will be provided in the report)
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1.1 Market Vision
1.1.1 Market Definition
1.1.2 Market Scope
2 Research Methodology
2.1 Research Process
2.1.1 Secondary Research
2.1.2 Primary Research
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
3 Executive Summary
4 Market Overview
4.7 Supply chain analysis/ value chain analysis
4.8 Patents and Standards
5 Industry Trends
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
6.4 Climate control
6.5 Building material
7 Vertical farming Market by Growth Mechanism
8 Vertical Farming Market by Growth Structure
8.1 Building-Based Vertical Farms
8.2 Shipping Container Vertical Farms
9 Geographical Analysis
9.2 North America
9.3.4 ROE (Spain, Russia, Switzerland)
9.4 Asia Pacific
9.4.4 RoAPAC (South Korea, Australia, New Zealand & Singapore)
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)
10.2 Illumitex, Inc.
10.3 Koninklijke Philips N.V.
10.4 Sky Greens
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
10.12 Horti Americas
10.13 Freight Farms
10.15 GrowUp Urban Farms
10.16 AFFINOR Growers
10.18 Infinite Harvest
10.19 Plenty Inc.
10.20 Indoor Harvest Corporation
10.21 Urban Crop Solutions
10.22 Spread Co. Ltd.
10.24 Fluence Bioengineering
*Details Might Not Be Captured in Case of Unlisted Companies
11 Competitive Analysis
11.2 Market Positioning of Key Players
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
12.2 Introducing RT: Real-Time Market Intelligence
12.3 Available Customizations
12.4 Upcoming Events (Trade Fair, Exhibitions, Conferences)
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