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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) 

List of Tables (80 Tables)

Table 1 Market Segmentation: By Offering
Table 2 Market Segmentation: By Structure
Table 3 Market Segmentation: By Growth Mechanism
Table 4 Market Segmentation: By Crop Type
Table 5 Global Vertical Farming Market Size, By Growth Mechanism, 2018-2023(USD Million)
Table 6 Aeroponics Growth Mechanism Segment, By Geography, 2018-2023 (USD Million)
Table 7 Hydroponics Growth Mechanism Segment, By Geography, 2018-2023 (USD Million)
Table 8 Aquaponics Growth Mechanism Segment, By Geography, 2018-2023 (USD Million)
Table 9 Global Vertical Farming Market, By Structure, 2018-2023(USD Million)
Table 10 Building-Based Vertical Farms Market Size, By Geography, 2018-2023 (USD Million)
Table 11 Shipping Container Vertical Farms, Market Size, By Geography, 2018-2023 (USD Million)
Table 12 Global Vertical Farming Market, By Geography, 2018-2023(USD Million)
Table 13 Global Vertical Farming Market Size, By Crop Type, 2018-2023(USD Million)
Table 14 North American Vertical Farming Market, By Crop Type, 2018-2023(USD Million)
Table 15 North American Vertical Farming Market, By Country, 2018-2023(USD Million)
Table 16 European Vertical Farming Market, By Crop Type, 2018-2023(USD Million)
Table 17 European Vertical Farming Market, By Country, 2018-2023(USD Million)
Table 18 APAC Vertical Farming Market, By Crop Type, 2018-2023(USD Million)
Table 19 APAC Vertical Farming Market, By Country, 2018-2023(USD Million)
Table 20 RoW Vertical Farming Market, By Crop Type, 2018-2023(USD Million)
Table 21 RoW Vertical Farming Market, By Country, 2018-2023(USD Million)
Table 22 Hardware Segment of Vertical Farming Market, By Offering, 2018-2023 (USD Million)
Table 23 Vertical Farming Market Size, By Hardware Type, 2018-2023 (USD Million)
Table 24 Vertical Farming Market Size for Hardware, By Lighting, 2018-2023 (USD Million)
Table 25 Vertical Farming Market Size for Hardware, By Hydroponics Components, 2018-2023 (USD Million)
Table 26 Vertical Farming Market Size for Hardware, By Climate Control, 2018-2023 (USD Million)
Table 27 Vertical Farming Market Size for Hardware, By Sensors, 2018-2023 (USD Million)
Table 28 Global Vertical Farming Market Size, By Geography, 2018-2023 (USD Million)
Table 29 Lighting Devices Market Size, By Geography, 2018-2023 (USD Million)
Table 30 Hydroponics Components Market Size, By Geography, 2018-2023 (USD Million)
Table 31 Climate Control Devices Market Size, By Geography, 2018-2023 (USD Million)
Table 32 Sensors Market Size, By Geography, 2018-2023(USD Million)
Table 33 North American Vertical Farming Market, By Country, 2018-2023 (USD Million)
Table 34 North American Vertical Farming Market, By Structure, 2018-2023 (USD Million)
Table 35 North American Vertical Farming Market, By Growth Mechanism, 2018-2023 (USD Million)
Table 36 North American Vertical Farming Market for Lighting Devices, By Country, 2018-2023 (USD Million)
Table 37 North American Vertical Farming Market for Hydroponics Components, By Country, 2018-2023 (USD Million)
Table 38 North American Vertical Farming Market for Climate Control Devices, By Country, 2018-2023 (USD Million)
Table 39 North American Vertical Farming Market for Sensors, By Country, 2018-2023 (USD Million)
Table 40 U.S. Vertical Farming Market, By Growth Mechanism, 2018-2023 (USD Million)
Table 41 Canadian Vertical Farming Market, By Growth Mechanism, 2018-2023 (USD Million)
Table 42 Mexican Vertical Farming Market, By Growth Mechanism, 2018-2023 (USD Million)
Table 43 European Vertical Farming Market, By Country, 2018-2023 (USD Million)
Table 44 European Vertical Farming Market, By Structure, 2018-2023 (USD Million)
Table 45 European Vertical Farming Market, By Growth Mechanism, 2018-2023 (USD Million)
Table 46 European Vertical Farming Market for Lighting Devices, By Country, 2018-2023 (USD Million)
Table 47 European Vertical Farming Market for Hydroponics Components, By Country, 2018-2023 (USD Million)
Table 48 European Vertical Farming Market for Climate Control Devices, By Country, 2018-2023 (USD Million)
Table 49 European Vertical Farming Market for Sensors, By Country, 2018-2023 (USD Million)
Table 50 U.K. Vertical Farming Market, By Growth Mechanism, 2018-2023 (USD Million)
Table 51 French Vertical Farming Market, By Growth Mechanism, 2018-2023 (USD Million)
Table 52 Swedish Vertical Farming Market, By Growth Mechanism, 2018-2023 (USD Million)
Table 53 Vertical Farming Market in the Netherlands, By Growth Mechanism, 2018-2023 (USD Million)
Table 54 Vertical Farming Market in Rest of Europe, By Growth Mechanism, 2018-2023 (USD Million)
Table 55 APAC Vertical Farming Market, By Country, 2018-2023 (USD Million)
Table 56 APAC Vertical Farming Market, By Structure, 2018-2023 (USD Million)
Table 57 APAC Vertical Farming Market, By Growth Mechanism, 2018-2023 (USD Million)
Table 58 APAC Vertical Farming Market for Lighting Devices, By Country, 2018-2023 (USD Million)
Table 59 APAC Vertical Farming Market for Hydroponics Components, By Country, 2018-2023 (USD Million)
Table 60 APAC Vertical Farming Market for Climate Control Devices, By Country, 2018-2023 (USD Million)
Table 61 APAC Vertical Farming Market for Sensors, By Country, 2018-2023 (USD Million)
Table 62 Japanese Vertical Farming Market, By Growth Mechanism, 2018-2023 (USD Million)
Table 63 Singapore Vertical Farming Market, By Growth Mechanism, 2018-2023 (USD Million)
Table 64 Chinese Vertical Farming Market, By Growth Mechanism, 2018-2023 (USD Million)
Table 65 Taiwanese Vertical Farming Market, By Growth Mechanism, 2018-2023 (USD Million)
Table 66 Rest of APAC Vertical Farming Market, By Growth Mechanism, 2018-2023 (USD Million)
Table 67 Vertical Farming Market in RoW, By Region, 2018-2023 (USD Million)
Table 68 Vertical Farming Market in RoW, By Structure, 2018-2023 (USD Million)
Table 69 Vertical Farming Market in RoW, By Growth Mechanism, 2018-2023 (USD Million)
Table 70 Vertical Farming Market in RoW for Lighting Devices, By Region, 2018-2023 (USD Million)
Table 71 Vertical Farming Market in RoW for Hydroponics Components, By Region, 2018-2023 (USD Million)
Table 72 Vertical Farming Market in RoW for Climate Control Devices, By Region, 2018-2023 (USD Million)
Table 73 Vertical Farming Market in RoW for Sensors, By Region, 2018-2023 (USD Million)
Table 74 Vertical Farming Market in Middle-East, By Growth Mechanism, 2018-2023 (USD Million)
Table 75 African Vertical Farming Market, By Growth Mechanism, 2018-2023 (USD Million)
Table 76 Vertical Farming Market in South America, By Growth Mechanism, 2018-2023 (USD Million)
Table 77 Market Rank Analysis of the Top Players in the Vertical Farming Market
Table 78 Contracts and Partnerships, 2018-2023
Table 79 Expansions, 2018-2023
Table 80 New Product Developments, 2018-2023


List of Figures (70 Figures)

Figure 1 Vertical Farming Market: Research Methodology
Figure 2 Research Flow
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Data Triangulation: Vertical Farming Market
Figure 6 Hardware Segment to Lead Vertical Farming Market, By Offering, 2018-2023(USD Million)
Figure 7 Lighting Devices Sub-Segment of Hardware Segment to Lead Vertical Farming Market, By 2023(USD Million)
Figure 8 Aeroponics Segment to Record Highest CAGR of Vertical Farming Market, By Growth Mechanism, 2018-2023(USD Million)
Figure 9 Building-Based Segment to Record Highest CAGR of Vertical Farming Market, By Structure, 2018-2023(USD Million)
Figure 10 Air Purification and Control Sub-Segment of Hardware Segment to Record Highest CAGR, 2018-2023
Figure 11 APAC Held Largest Share of Global Vertical Farming Market, in 2018
Figure 12 Global Vertical Farming Market to Record High CAGR, 2018-2023
Figure 13 Hardware Segment to Lead Vertical Farming Market, 2018-2023 (USD Million)
Figure 14 Lighting Devices Segment to Lead Vertical Farming Market, 2018-2023 (USD Million)
Figure 15 Aeroponics Growth Mechanism Segment to Record Highest CAGR, 2018-2023 (USD Million)
Figure 16 Building-Based Vertical Farms to Overtake Shipping Container Vertical Farms, By 2023
Figure 17 APAC to Lead Global Vertical Farming Market, 2018-2023 (USD Million)
Figure 18 Hydroponics Growth Mechanism Segment Held Largest Market Share in 2018
Figure 19 Hydroponics Growth Mechanism is in Its Growth Stage
Figure 20 Evolution of the Vertical Farming Market
Figure 21 Market Segmentation: By Geography
Figure 22 Drivers, Restraints, Opportunities, Challenges: Vertical Farming Market
Figure 23 Damage and Loss to Crops, By Type of Calamity (2018-2023)
Figure 24 World Population (2015–2050)
Figure 25 Value Chain Analysis: 2018
Figure 26 Porter’s Five Forces Analysis of Vertical Farming Market
Figure 27 Porter’s Five Forces: Impact Analysis
Figure 28 Bargaining Power of Suppliers: Low
Figure 29 Bargaining Power of Buyers: Medium
Figure 30 Threat of New Entrants: High
Figure 31 Threat of Substitutes: Low
Figure 32 Intensity of Competitive Rivalry
Figure 33 Vertical Farming Market, By Growth Mechanism
Figure 34 Hydroponics Segment LED Global Vertical Farming Market, By Growth Mechanism, in 2018 (USD Million)
Figure 35 Aeroponics Growth Mechanism Segment, By Geography, 2018-2023 (USD Million)
Figure 36 Hydroponics Growth Mechanism Segment, By Geography, 2018-2023 (USD Million)
Figure 37 Aquaponics Growth Mechanism Segment, By Geography, 2018-2023 (USD Million)
Figure 38 Vertical Farming Market, By Structure
Figure 39 Building-Based Vertical Farms to Record Highest CAGR, 2018-2023
Figure 40 Shipping Container Vertical Farms, By Geography, 2018-2023
Figure 41 Global Vertical Farming Market Size, By Crop Type: A Snapshot
Figure 42 Vertical Farming Market: SWOT Analysis
Figure 43 Global Per Capita GDP, 2008–2017 (Current USD)
Figure 44 Production of Vegetables and Fruits With Growing World Population
Figure 45 Global Vertical Farming Market Size, By Geography, 2018 vs 2023(USD Million)
Figure 46 Global Vertical Farming Market Size, By Crop Type, 2018 vs 2023(USD Million)
Figure 47 Major Vertical Farms Around the World
Figure 48 Vertical Farming Market, By Offering
Figure 49 Vertical Farming Market, By Hardware
Figure 50 Grow Lights to Lead Hardware Segment of Vertical Farming Market, 2018-2023(USD Million)
Figure 51 Meters and Solutions Segment of Hydroponics Components Market to Record Highest CAGR, 2018-2023(USD Million)
Figure 52 Air Purification and Control Segment of Climate Control Market to Record Highest CAGR, 2018-2023(USD Million)
Figure 53 Temperature Sensors Segment to Lead Sensors Market, 2018-2023(USD Million)
Figure 54 Vertical Farming Market, By Geography
Figure 55 Geographic Snapshot: APAC A Key Growth Region for Vertical Farming Market, 2018-2023
Figure 56 North American Vertical Farming Market, 2018
Figure 57 U.S. Dominated North American Vertical Farming Market in 2018
Figure 58 Aeroponics Growth Mechanism Segment in U.S. to Record Highest CAGR, 2018-2023(USD Million)
Figure 59 European Vertical Farming Market, 2018
Figure 60 European Vertical Farming Market, 2018 to 2023
Figure 61 Aeroponics Growth Mechanism Segment in Rest of Europe to Record Highest CAGR, 2018-2023(USD Million)
Figure 62 APAC Vertical Farming Market, 2018
Figure 63 Japan LED APAC Vertical Farming Market in 2018 (USD Million)
Figure 64 Aeroponics Growth Mechanism Segment in China to Record Highest CAGR, 2018-2023(USD Million)
Figure 65 Middle-East Leads the RoW Vertical Farming Market, 2018-2023(USD Million)
Figure 66 Aeroponics Growth Mechanism Segment in Middle-East to Record Highest CAGR, 2018-2023(USD Million)
Figure 67 Companies Adopted Contracts and Partnerships as Key Growth Strategies Between 2013 and 2018
Figure 68 Market Evaluation Framework—Contracts and Partnerships & Expansions Between 2013 and 2018
Figure 69 Contracts and Partnerships: Key Growth Strategy Adopted By Market Players
Figure 70 Geographic Revenue Mix of Key Market Players

  

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