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| A01957 | Pages: 264 | Sep 2021 | 64269 Views | | |
| Author(s) : Asavari Patil , Supradip Baul | Tables: 132 | Charts: 61 |
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Vertical Farming Market
Request Now !The vertical farming market size was valued at $3.24 billion in 2020, and is projected to reach $24.11 billion by 2030, registering a CAGR of 22.9%.
The building-based structure segment has been positively impacted by the emergence of COVID-19 pandemic.
Vertical agriculture involves stacking farms vertically. This has enabled small land to be utilized for more production. It is a nontraditional method of crop cultivation that enables easy harvesting, a negligible effect of climate, high yield, minimal pesticides usage, less area requirement, and less water consumption. For instance, one hectare of vertical farming is equivalent to nine hectares of traditional outdoor farming and saves nearly 200 tons of water every day.
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The significant factors impacting the vertical farming market growth include rise in popularity of organic food, optimum use of vertical space and balanced energy utilization, ease of crop monitoring and harvesting, and decrease in arable land. However, high initial investments and involvement of nascent technology hamper the market growth. Nonetheless, growing urban population and surge in adoption of technology driven agriculture are expected to provide lucrative growth opportunities to the vertical farming market players.
In 2020, the vertical hydroponics segment accounted for the highest share of USD 1,329. Also, the vertical hydroponics dominates the growth mechanism segment in the global vertical farming market share. The aeroponics segment, however is expected to have the highest CAGR of 24.0% throughout the forecast period. Furthermore, among various components used in vertical farming, the climate control component segment is expected to grow at a significant CAGR of 26.6%, due to rise in concerns among growers to restrict the influence of climate, which causes crop yield loss.
By region, the vertical farming market trends have been analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific accounted for a major share of the global market in 2020 and is expected to dominate the market in terms of revenue during the forecast period. The region experiences an upsurge in demand for organic food; for instance, it consumes over 75% of all vegetables across the globe. The change in preference of consumers, followed by the rise in pollution, food scandals, and increase in distaste is majorly driving the growth of indoor farming and organic food in the region. The region is the home to some of the largest indoor vertical farms across the globe.
North America accounts for the second-largest share of the global vertical farming market revenue and is expected to grow rapidly during the forecast period. The market growth is attributed to factors such as alarming rate of water level depletion, the presence of drought-stricken states, and an increase in environmental concerns. The latest trend is nano-farms. For instance, on October 6, 2018, Living Greens Farm constructed 60,000 square feet of stacked growing space and is also capable of producing 3 million heads of high-quality lettuce.
Top Impacting Factors
As per the vertical farming market outlook, rise in popularity of organic food, optimal use of vertical space and balanced energy utilization, ease of crop monitoring and harvesting, and decrease in arable land are the major factors influencing the vertical farming market growth. High initial investments and involvement of emerging technology, however hamper the market growth. Nonetheless, the rise in the urban population and increased adoption of technology- driven agriculture provide lucrative vertical farming market opportunities to the players.
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Competitive analysis and profiles of the major vertical farming market players such as 4D Bios Inc., AeroFarms, Agrilution, AMHYDRO (American Hydroponics), Everlight Electronics Co., Ltd., Hort Americas, Illumitex Inc., Koninklijke Philips N.V., Urban Crop Solutions, and Sky Greens. Market players have adopted various strategies such as product launch, collaboration & partnership, joint venture, and acquisition to expand their foothold in the vertical farming industry.
The global electronics and semiconductor industry has had significant impact by the COVID-19 outbreak. The production facilities have been halted, owing to the slowdown and unavailability of the workforce across the globe which has also created a shortage of workers in vertical farming sector. The COVID-19 outbreak has resulted in a significant and long-term decline in manufacturing utilization, and travel bans & facility closures have kept workers out of their factories due to which electronics required in a vertical agriculture facility such as sensors, lighting, among others has resulted in a slowdown in the growth of the vertical farming market in 2020.
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However, the negative impact of COVID-19 on the electronics and semiconductor industries was expected to last for a short period, and by early 2021 the market anticipated to observe a strong efficiency, along with the high demand for these systems during the post-pandemic period.
On the other hand, the pandemic has become a major concern for farmers across the globe, limiting agricultural laborers access and causing to issues related with the international supply chains. These factors assisted in the growth of the vertical farming trends. The vertical farming market has experienced lucrative growth during the pandemic due to the rise in interest in urban agriculture as a means of relieving mental stress as well as addressing localized food shortages.
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Key Benefits For Stakeholders
Key Market Segments
Key Market Players
CHAPTER 1:INTRODUCTION
1.1.Report description
1.2.Key benefits for stakeholders
1.3.Key market segments
1.4.Research methodology
1.4.1.Primary research
1.4.2.Secondary research
1.4.3.Analyst tools and models
CHAPTER 2:EXECUTIVE SUMMARY
2.1.CXO perspective
CHAPTER 3:MARKET OVERVIEW
3.1.Market definition and scope
3.2.COVID-19 impact analysis on vertical farming market
3.2.1.Impact on market size
3.2.2.End user trends, preferences, and budget impact
3.2.3.Key player strategies to tackle COVID-19’s impact
3.3.Key findings
3.3.1.Top impacting factors
3.3.2.Top investment pockets
3.4.Porter’s five forces analysis
3.5.Market dynamics
3.5.1.Drivers
3.5.1.1.Optimum use of vertical space and balanced energy utilization
3.5.1.2.Ease of crop monitoring and harvesting
3.5.1.3.Increase in popularity of organic foods
3.5.1.4.Limited arable land for traditional agriculture
3.5.2.Restraints
3.5.2.1.High initial investments
3.5.2.2.Developmental phase of technologies used
3.5.3.Opportunity
3.5.3.1.Increase in urban population
CHAPTER 4:VERTICAL FARMING MARKET, BY STRUCTURE
4.1.Overview
4.2.Building-based vertical farms
4.2.1.Key market trends, growth factors, and opportunities
4.2.2.Market size and forecast, by region
4.2.3.Market analysis, by country
4.3.Shipping-container-based vertical farms
4.3.1.Key market trends, growth factors, and opportunities
4.3.2.Market size and forecast, by region
4.3.3.Market analysis, by country
CHAPTER 5:VERTICAL FARMING MARKET, BY GROWTH MECHNISM
5.1.Overview
5.2.Hydroponics
5.2.1.Key market trends, growth factors, and opportunities
5.2.2.Market size and forecast, by region
5.2.3.Market analysis, by country
5.3.Aeroponics
5.3.1.Key market trends, growth factors, and opportunities
5.3.2.Market size and forecast, by region
5.3.3.Market analysis, by country
5.4.Aquaponics
5.4.1.Key market trends, growth factors, and opportunities
5.4.2.Market size and forecast, by region
5.4.3.Market analysis, by country
CHAPTER 6:VERTICAL FARMING MARKET, BY COMPONENT
6.1.OVERVIEW
6.2.Irrigation components
6.2.1.Key market trends, growth factors, and opportunities
6.2.2.Market size and forecast, by region
6.2.3.Market analysis, by country
6.3.Lighting
6.3.1.Key market trends, growth factors, and opportunities
6.3.2.Market size and forecast, by region
6.3.3.Market analysis, by country
6.4.Sensor
6.4.1.Key market trends, growth factors, and opportunities
6.4.2.Market size and forecast, by region
6.4.3.Market analysis, by country
6.5.Climate control
6.5.1.Key market trends, growth factors, and opportunities
6.5.2.Market size and forecast, by region
6.5.3.Market analysis, by country
6.6.Building materials
6.6.1.Key market trends, growth factors, and opportunities
6.6.2.Market size and forecast, by region
6.6.2.1.Glass greenhouse
6.6.2.2.Plastic greenhouse
6.6.3.Market analysis, by country
6.7.Others
6.7.1.Key market trends, growth factors, and opportunities
6.7.2.Market size and forecast, by region
6.7.3.Market analysis, by country
CHAPTER 7:VERTICAL FARMING MARKET, BY REGION
7.1.Overview
7.2.North America
7.2.1.Key market trends, growth factors, and opportunities
7.2.2.Market size and forecast, by structure
7.2.3.Market size and forecast, by growth mechanism
7.2.4.Market size and forecast, by component
7.2.5.Market analysis, by country
7.2.5.1.U.S.
7.2.5.1.1.Market size and forecast, by type
7.2.5.1.2.Market size and forecast, by growth mechanism
7.2.5.1.3.Market size and forecast, by component
7.2.5.2.Canada
7.2.5.2.1.Market size and forecast, by type
7.2.5.2.2.Market size and forecast, by growth mechanism
7.2.5.2.3.Market size and forecast, by component
7.2.5.3.Mexico
7.2.5.3.1.Market size and forecast, by type
7.2.5.3.2.Market size and forecast, by growth mechanism
7.2.5.3.3.Market size and forecast, by component
7.3.Europe
7.3.1.Key market trends, growth factors, and opportunities
7.3.2.Market size and forecast, by structure
7.3.3.Market size and forecast, by growth mechanism
7.3.4.Market size and forecast, by component
7.3.5.Market analysis, by country
7.3.5.1.UK
7.3.5.1.1.Market size and forecast, by type
7.3.5.1.2.Market size and forecast, by growth mechanism
7.3.5.1.3.Market size and forecast, by component
7.3.5.2.Germany
7.3.5.2.1.Market size and forecast, by type
7.3.5.2.2.Market size and forecast, by growth mechanism
7.3.5.2.3.Market size and forecast, by component
7.3.5.3.France
7.3.5.3.1.Market size and forecast, by type
7.3.5.3.2.Market size and forecast, by growth mechanism
7.3.5.3.3.Market size and forecast, by component
7.3.5.4.The Netherlands
7.3.5.4.1.Market size and forecast, by type
7.3.5.4.2.Market size and forecast, by growth mechanism
7.3.5.4.3.Market size and forecast, by component
7.3.5.5.Rest of Europe
7.3.5.5.1.Market size and forecast, by type
7.3.5.5.2.Market size and forecast, by growth mechanism
7.3.5.5.3.Market size and forecast, by component
7.4.Asia-Pacific
7.4.1.Key market trends, growth factors, and opportunities
7.4.2.Market size and forecast, by structure
7.4.3.Market size and forecast, by growth mechanism
7.4.4.Market size and forecast, by component
7.4.5.Market analysis, by country
7.4.5.1.China
7.4.5.1.1.Market size and forecast, by type
7.4.5.1.2.Market size and forecast, by growth mechanism
7.4.5.1.3.Market size and forecast, by component
7.4.5.2.India
7.4.5.2.1.Market size and forecast, by type
7.4.5.2.2.Market size and forecast, by growth mechanism
7.4.5.2.3.Market size and forecast, by component
7.4.5.3.Japan
7.4.5.3.1.Market size and forecast, by type
7.4.5.3.2.Market size and forecast, by growth mechanism
7.4.5.3.3.Market size and forecast, by component
7.4.5.4.Australia
7.4.5.4.1.Market size and forecast, by type
7.4.5.4.2.Market size and forecast, by growth mechanism
7.4.5.4.3.Market size and forecast, by component
7.4.5.5.Singapore
7.4.5.5.1.Market size and forecast, by type
7.4.5.5.2.Market size and forecast, by growth mechanism
7.4.5.5.3.Market size and forecast, by component
7.4.5.6.Rest of Asia-Pacific
7.4.5.6.1.Market size and forecast, by type
7.4.5.6.2.Market size and forecast, by growth mechanism
7.4.5.6.3.Market size and forecast, by component
7.5.LAMEA
7.5.1.Key market trends, growth factors, and opportunities
7.5.2.Market size and forecast, by structure
7.5.3.Market size and forecast, by growth mechanism
7.5.4.Market size and forecast, by component
7.5.5.Market analysis, by country
7.5.5.1.Brazil
7.5.5.1.1.Market size and forecast, by type
7.5.5.1.2.Market size and forecast, by growth mechanism
7.5.5.1.3.Market size and forecast, by component
7.5.5.2.Saudi Arabia
7.5.5.2.1.Market size and forecast, by type
7.5.5.2.2.Market size and forecast, by growth mechanism
7.5.5.2.3.Market size and forecast, by component
7.5.5.3.South Africa
7.5.5.3.1.Market size and forecast, by type
7.5.5.3.2.Market size and forecast, by growth mechanism
7.5.5.3.3.Market size and forecast, by component
7.5.5.4.Rest of LAMEA
7.5.5.4.1.Market size and forecast, by type
7.5.5.4.2.Market size and forecast, by growth mechanism
7.5.5.4.3.Market size and forecast, by component
CHAPTER 8:COMPETITIVE LANDSCAPE
8.1.Introduction
8.2.Top winning strategies
8.3.Competitive dashboard
8.4.Competitive heatmap
CHAPTER 9:COMPANY PROFILES
9.1.4D BIOS INC.
9.1.1.Company overview
9.1.2.Company snapshot
9.1.3.Product portfolio
9.2.AEROFARMS
9.2.1.Company overview
9.2.2.Company snapshot
9.2.3.Product portfolio
9.2.4.Farms
9.2.5.Key strategic moves and developments
9.3.AGRILUTION
9.3.1.Company overview
9.3.2.Company snapshot
9.3.3.Product portfolio
9.4.AMHYDRO (AMERICAN HYDROPONICS)
9.4.1.Company overview
9.4.2.Company snapshot
9.4.3.Product portfolio
9.4.4.Key strategic moves and developments
9.5.EVERLIGHT ELECTRONICS CO., LTD.
9.5.1.Company overview
9.5.2.Company snapshot
9.5.3.Product portfolio
9.5.4.R&D Expenditure
9.5.5.Business performance
9.6.HORT AMERICAS
9.6.1.Company overview
9.6.2.Company snapshot
9.6.3.Product portfolio
9.6.4.Key strategic moves and developments
9.7.ILLUMITEX INC.
9.7.1.Company overview
9.7.2.Company snapshot
9.7.3.Product portfolio
9.7.4.Key strategic moves and developments
9.8.KONINKLIJKE PHILIPS N.V.
9.8.1.Company overview
9.8.2.Company snapshot
9.8.3.Operating business segments
9.8.4.Product portfolio
9.8.5.R&D Expenditure
9.8.6.Business performance
9.8.7.Key strategic moves and developments
9.9.URBAN CROP SOLUTIONS
9.9.1.Company overview
9.9.2.Company snapshot
9.9.3.Product portfolio
9.9.4.Key strategic moves and developments
9.10.SKY GREENS
9.10.1.Company overview
9.10.2.Company snapshot
9.10.3.Product portfolio
LIST OF TABLES
TABLE 01.GLOBAL VERTICAL FARMING MARKET, BY STRUCTURE, 2020-2030 ($MILLION)
TABLE 02.BUILDING-BASED VERTICAL FARMING MARKET, BY REGION 2020-2030 ($MILLION)
TABLE 03.SHIPPING CONTAINER-BASED VERTICAL FARMING MARKET , BY REGION 2020-2030 ($MILLION)
TABLE 04.GLOBAL VERTICAL FARMING MARKET, BY GROWTH MECHANISM, 2020-2030($MILLION)
TABLE 05.HYDROPONICS VERTICAL FARMING MARKET, BY REGION 2020-2030 ($MILLION)
TABLE 06.AEROPONICS VERTICAL FARMING MARKET, BY REGION 2020-2030 ($MILLION)
TABLE 07.AQUAPONICS VERTICAL FARMING MARKET, BY REGION 2020–2030 ($MILLION)
TABLE 08.GLOBAL VERTICAL FARMING MARKET, BY COMPONENT, 2020-2030($MILLION)
TABLE 09.VERTICAL FARMING MARKET REVENUE FOR IRRIGATION COMPONENTS, BY REGION 2020-2030 ($MILLION)
TABLE 10.VERTICAL FARMING MARKET REVENUE FOR LIGHTING, BY REGION 2020-2030 ($MILLION)
TABLE 11.VERTICAL FARMING MARKET REVENUE FOR SENSOR, BY REGION 2020–2030 ($MILLION)
TABLE 12.VERTICAL FARMING MARKET REVENUE FOR CLIMATE CONTROL, BY REGION 2020–2030 ($MILLION)
TABLE 13.VERTICAL FARMING MARKET REVENUE FOR BUILDING MATERIALS, BY REGION 2020–2030 ($MILLION)
TABLE 14.VARIOUS GLASSES AND THEIR SPECIFICATIONS
TABLE 15.VERTICAL FARMING MARKET FOR GLASS GREENHOUSE, BY REGION, 2020–2030 ($MILLION)
TABLE 16.VERTICAL FARMING MARKET FOR PLASTIC GREENHOUSE, BY REGION, 2020–2030 ($MILLION)
TABLE 17.VERTICAL FARMING MARKET REVENUE FOR OTHERS, BY REGION 2020–2030 ($MILLION)
TABLE 18.VERTICAL FARMING MARKET REVENUE, BY REGION 2020–2030 ($MILLION)
TABLE 19.NORTH AMERICA VERTICAL FARMING MARKET, BY STRUCTURE, 2020–2030 ($MILLION)
TABLE 20.NORTH AMERICA VERTICAL FARMING MARKET, BY GROWTH MECHANISM, 2020–2030 ($MILLION)
TABLE 21.NORTH AMERICA VERTICAL FARMING MARKET, BY COMPONENT, 2020–2030 ($MILLION)
TABLE 22.U.S. VERTICAL FARMING MARKET, BY STRUCTURE, 2020–2030 ($MILLION)
TABLE 23.U.S. VERTICAL FARMING MARKET, BY GROWTH MECHANISM, 2020–2030 ($MILLION)
TABLE 24.U.S. VERTICAL FARMING MARKET, BY COMPONENT, 2020–2030 ($MILLION)
TABLE 25.CANADA VERTICAL FARMING MARKET, BY STRUCTURE, 2020–2030 ($MILLION)
TABLE 26.CANADA VERTICAL FARMING MARKET, BY GROWTH MECHANISM, 2020–2030 ($MILLION)
TABLE 27.CANADA VERTICAL FARMING MARKET, BY COMPONENT, 2020–2030 ($MILLION)
TABLE 28.MEXICO VERTICAL FARMING MARKET, BY STRUCTURE, 2020–2030 ($MILLION)
TABLE 29.MEXICO VERTICAL FARMING MARKET, BY GROWTH MECHANISM, 2020–2030 ($MILLION)
TABLE 30.MEXICO VERTICAL FARMING MARKET, BY COMPONENT, 2020–2030 ($MILLION)
TABLE 31.EUROPE VERTICAL FARMING MARKET, BY STRUCTURE, 2020–2030 ($MILLION)
TABLE 32.EUROPE VERTICAL FARMING MARKET, BY GROWTH MECHANISM, 2020–2030 ($MILLION)
TABLE 33.EUROPE VERTICAL FARMING MARKET, BY COMPONENT, 2020–2030 ($MILLION)
TABLE 34.UK VERTICAL FARMING MARKET, BY STRUCTURE, 2020–2030 ($MILLION)
TABLE 35.UK VERTICAL FARMING MARKET, BY GROWTH MECHANISM, 2020–2030 ($MILLION)
TABLE 36.UK VERTICAL FARMING MARKET, BY COMPONENT, 2020–2030 ($MILLION)
TABLE 37.GERMANY VERTICAL FARMING MARKET, BY STRUCTURE, 2020–2030 ($MILLION)
TABLE 38.GERMANY VERTICAL FARMING MARKET, BY GROWTH MECHANISM, 2020–2030 ($MILLION)
TABLE 39.GERMANY VERTICAL FARMING MARKET, BY COMPONENT, 2020–2030 ($MILLION)
TABLE 40.FRANCE VERTICAL FARMING MARKET, BY STRUCTURE, 2020–2030 ($MILLION)
TABLE 41.FRANCE VERTICAL FARMING MARKET, BY GROWTH MECHANISM, 2020–2030 ($MILLION)
TABLE 42.FRANCE VERTICAL FARMING MARKET, BY COMPONENT, 2020–2030 ($MILLION)
TABLE 43.NETHERLANDS VERTICAL FARMING MARKET, BY STRUCTURE, 2020–2030 ($MILLION)
TABLE 44.NETHERLANDS VERTICAL FARMING MARKET, BY GROWTH MECHANISM, 2020–2030 ($MILLION)
TABLE 45.NETHERLANDS VERTICAL FARMING MARKET, BY COMPONENT, 2020–2030 ($MILLION)
TABLE 46.REST OF EUROPE VERTICAL FARMING MARKET, BY STRUCTURE, 2020–2030 ($MILLION)
TABLE 47.REST OF EUROPE VERTICAL FARMING MARKET, BY GROWTH MECHANISM, 2020–2030 ($MILLION)
TABLE 48.REST OF EUROPE VERTICAL FARMING MARKET, BY COMPONENT, 2020–2030 ($MILLION)
TABLE 49.ASIA-PACIFIC VERTICAL FARMING MARKET, BY STRUCTURE, 2020–2030 ($MILLION)
TABLE 50.ASIA-PACIFIC VERTICAL FARMING MARKET, BY GROWTH MECHANISM, 2020–2030 ($MILLION)
TABLE 51.ASIA-PACIFIC VERTICAL FARMING MARKET, BY COMPONENT, 2020–2030 ($MILLION)
TABLE 52.CHINA VERTICAL FARMING MARKET, BY STRUCTURE, 2020–2030 ($MILLION)
TABLE 53.CHINA VERTICAL FARMING MARKET, BY GROWTH MECHANISM, 2020–2030 ($MILLION)
TABLE 54.CHINA VERTICAL FARMING MARKET, BY COMPONENT, 2020–2030 ($MILLION)
TABLE 55.INDIA VERTICAL FARMING MARKET, BY STRUCTURE, 2020–2030 ($MILLION)
TABLE 56.INDIA VERTICAL FARMING MARKET, BY GROWTH MECHANISM, 2020–2030 ($MILLION)
TABLE 57.INDIA VERTICAL FARMING MARKET, BY COMPONENT, 2020–2030 ($MILLION)
TABLE 58.JAPAN VERTICAL FARMING MARKET, BY STRUCTURE, 2020–2030 ($MILLION)
TABLE 59.JAPAN VERTICAL FARMING MARKET, BY GROWTH MECHANISM, 2020–2030 ($MILLION)
TABLE 60.JAPAN VERTICAL FARMING MARKET, BY COMPONENT, 2020–2030 ($MILLION)
TABLE 61.AUSTRALIA VERTICAL FARMING MARKET, BY STRUCTURE, 2020–2030 ($MILLION)
TABLE 62.AUSTRALIA VERTICAL FARMING MARKET, BY GROWTH MECHANISM, 2020–2030 ($MILLION)
TABLE 63.AUSTRALIA VERTICAL FARMING MARKET, BY COMPONENT, 2020–2030 ($MILLION)
TABLE 64.SINGAPORE VERTICAL FARMING MARKET, BY STRUCTURE, 2020–2030 ($MILLION)
TABLE 65.SINGAPORE VERTICAL FARMING MARKET, BY GROWTH MECHANISM, 2020–2030 ($MILLION)
TABLE 66.SINGAPORE VERTICAL FARMING MARKET, BY COMPONENT, 2020–2030 ($MILLION)
TABLE 67.REST OF ASIA-PACIFIC VERTICAL FARMING MARKET, BY STRUCTURE, 2020–2030 ($MILLION)
TABLE 68.REST OF ASIA-PACIFIC VERTICAL FARMING MARKET, BY GROWTH MECHANISM, 2020–2030 ($MILLION)
TABLE 69.REST OF ASIA-PACIFIC VERTICAL FARMING MARKET, BY COMPONENT, 2020–2030 ($MILLION)
TABLE 70.LAMEA VERTICAL FARMING MARKET, BY STRUCTURE, 2020–2030 ($MILLION)
TABLE 71.LAMEA VERTICAL FARMING MARKET, BY GROWTH MECHANISM, 2020–2030 ($MILLION)
TABLE 72.LAMEA VERTICAL FARMING MARKET, BY COMPONENT, 2020–2030 ($MILLION)
TABLE 73.BRAZIL VERTICAL FARMING MARKET, BY STRUCTURE, 2020–2030 ($MILLION)
TABLE 74.BRAZIL VERTICAL FARMING MARKET, BY GROWTH MECHANISM, 2020–2030 ($MILLION)
TABLE 75.BRAZIL VERTICAL FARMING MARKET, BY COMPONENT, 2020–2030 ($MILLION)
TABLE 76.SAUDI ARABIA VERTICAL FARMING MARKET, BY STRUCTURE, 2020–2030 ($MILLION)
TABLE 77.SAUDI ARABIA VERTICAL FARMING MARKET, BY GROWTH MECHANISM, 2020–2030 ($MILLION)
TABLE 78.SAUDI ARABIA VERTICAL FARMING MARKET, BY COMPONENT, 2020–2030 ($MILLION)
TABLE 79.SOUTH AFRICA VERTICAL FARMING MARKET, BY STRUCTURE, 2020–2030 ($MILLION)
TABLE 80.SOUTH AFRICA VERTICAL FARMING MARKET, BY GROWTH MECHANISM, 2020–2030 ($MILLION)
TABLE 81.SOUTH AFRICA VERTICAL FARMING MARKET, BY COMPONENT, 2020–2030 ($MILLION)
TABLE 82.REST OF LAMEA VERTICAL FARMING MARKET, BY STRUCTURE, 2020–2030 ($MILLION)
TABLE 83.REST OF LAMEA VERTICAL FARMING MARKET, BY GROWTH MECHANISM, 2020–2030 ($MILLION)
TABLE 84.REST OF LAMEA VERTICAL FARMING MARKET, BY COMPONENT, 2020–2030 ($MILLION)
TABLE 85.4D BIOS INC.: COMPANY SNAPSHOT
TABLE 86.4D BIOS INC.: PRODUCT PORTFOLIO
TABLE 87.AEROFARMS: COMPANY SNAPSHOT
TABLE 88.AEROFARMS: PRODUCT PORTFOLIO
TABLE 89.AEROFARMS: FARMS
TABLE 90.AEROFARMS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 91.AGRILUTION: COMPANY SNAPSHOT
TABLE 92.AGRILUTION: PRODUCT PORTFOLIO
TABLE 93.AMHYDRO: COMPANY SNAPSHOT
TABLE 94.AMHYDRO: PRODUCT PORTFOLIO
TABLE 95.AMHYDRO: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 96.EVERLIGHT ELECTRONICS CO., LTD.: COMPANY SNAPSHOT
TABLE 97.EVERLIGHT ELECTRONICS CO., LTD.: PRODUCT PORTFOLIO
TABLE 98.HORT AMERICAS: COMPANY SNAPSHOT
TABLE 99.HORT AMERICAS: PRODUCT PORTFOLIO
TABLE 100.HORT AMERICAS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 101.ILLUMITEX INC.: COMPANY SNAPSHOT
TABLE 102.ILLUMITEX INC.: PRODUCT PORTFOLIO
TABLE 103.ILLUMITEX INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 104.KONINKLIJKE PHILIPS N.V.: COMPANY SNAPSHOT
TABLE 105.KONINKLIJKE PHILIPS N.V.: OPERATING SEGMENTS
TABLE 106.KONINKLIJKE PHILIPS N.V., PRODUCT PORTFOLIO
TABLE 107.KONINKLIJKE PHILIPS N.V.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 108.URBAN CROP SOLUTIONS: COMPANY SNAPSHOT
TABLE 109.URBAN CROP SOLUTIONS: PRODUCT PORTFOLIO
TABLE 110.URBAN CROP SOLUTIONS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 111.SKY GREENS: COMPANY SNAPSHOT
TABLE 112.SKY GREENS: PRODUCT PORTFOLIO
LIST OF FIGURES
FIGURE 01.KEY MARKET SEGMENTS
FIGURE 02.EXECUTIVE SUMMARY, BY SEGMENTATION
FIGURE 03.EXECUTIVE SUMMARY, BY GEOGRAPHY
FIGURE 04.TOP IMPACTING FACTORS
FIGURE 05.TOP INVESTMENT POCKETS
FIGURE 06.HIGH BARGAINING POWER OF SUPPLIERS
FIGURE 07.MODERATE-TO-HIGH THREAT OF NEW ENTRANTS
FIGURE 08.MODERATE THREAT OF SUBSTITUTES
FIGURE 09.LOW-TO-MODERATE INTENSITY OF RIVALRY
FIGURE 10.MODERATE BARGAINING POWER OF BUYERS
FIGURE 11.GLOBAL VERTICAL FARMING MARKET SHARE, BY STRUCTURE, 2020–2030 (%)
FIGURE 12.COMPARATIVE SHARE ANALYSIS BUILDING-BASED VERTICAL FARMING MARKET, BY COUNTRY, 2020 & 2030 (%)
FIGURE 13.COMPARATIVE SHARE ANALYSIS SHIPPING CONTAINER-BASED VERTICAL FARMING MARKET, BY COUNTRY, 2020 & 2030 (%)
FIGURE 14.GLOBAL VERTICAL FARMING MARKET SHARE, BY GROWTH MECHANISM, 2020–2030 (%)
FIGURE 15.COMPARATIVE SHARE ANALYSIS OF HYDROPONICS VERTICAL FARMING MARKET, BY COUNTRY, 2020 & 2030 (%)
FIGURE 16.COMPARATIVE SHARE ANALYSIS OF AEROPONICS VERTICAL FARMING MARKET, BY COUNTRY, 2020 & 2030 (%)
FIGURE 17.COMPARATIVE SHARE ANALYSIS OF AQUAPONICS VERTICAL FARMING MARKET, BY COUNTRY, 2020 & 2030 (%)
FIGURE 18.GLOBAL VERTICAL FARMING MARKET SHARE, BY COMPONENT, 2020–2030 (%)
FIGURE 19.COMPARATIVE SHARE ANALYSIS OF VERTICAL FARMING MARKET FOR IRRIGATION COMPONENTS, BY COUNTRY, 2020 & 2030 (%)
FIGURE 20.COMPARATIVE SHARE ANALYSIS OF VERTICAL FARMING MARKET FOR LIGHTING, BY COUNTRY, 2020 & 2030 (%)
FIGURE 21.COMPARATIVE SHARE ANALYSIS OF VERTICAL FARMING MARKET FOR SENSOR, BY COUNTRY, 2020 & 2030 (%)
FIGURE 22.COMPARATIVE SHARE ANALYSIS OF VERTICAL FARMING MARKET FOR CLIMATE CONTROL, BY COUNTRY, 2020 & 2030 (%)
FIGURE 23.COMPARATIVE SHARE ANALYSIS OF VERTICAL FARMING MARKET FOR BUILDING MATERIALS, BY COUNTRY, 2020 & 2030 (%)
FIGURE 24.COMPARATIVE SHARE ANALYSIS OF VERTICAL FARMING MARKET FOR OTHERS, BY COUNTRY, 2020 & 2030 (%)
FIGURE 25.VERTICAL FARMING MARKET, BY REGION, 2020-2030 (%)
FIGURE 26.COMPARATIVE SHARE ANALYSIS OF NORTH MAERICA VERTICAL FARMING MARKET, BY COUNTRY, 2020–2030 (%)
FIGURE 27.U.S. VERTICAL FARMING MARKET, 2020–2030 ($MILLION)
FIGURE 28.CANADA VERTICAL FARMING MARKET, 2020–2030 ($MILLION)
FIGURE 29.MEXICO VERTICAL FARMING MARKET, 2020–2030 ($MILLION)
FIGURE 30.COMPARATIVE SHARE ANALYSIS OF NORTH MAERICA VERTICAL FARMING MARKET, BY COUNTRY, 2020–2030 (%)
FIGURE 31.UK VERTICAL FARMING MARKET, 2020–2030 ($MILLION)
FIGURE 32.GERMANY VERTICAL FARMING MARKET, 2020–2030 ($MILLION)
FIGURE 33.FRANCE VERTICAL FARMING MARKET, 2020–2030 ($MILLION)
FIGURE 34.NETHERLANDS VERTICAL FARMING MARKET, 2020–2030 ($MILLION)
FIGURE 35.REST OF EUROPE VERTICAL FARMING MARKET, 2020–2030 ($MILLION)
FIGURE 36.COMPARATIVE SHARE ANALYSIS OF NORTH MAERICA VERTICAL FARMING MARKET, BY COUNTRY, 2020–2030 (%)
FIGURE 37.CHINA VERTICAL FARMING MARKET, 2020–2030 ($MILLION)
FIGURE 38.INDIA VERTICAL FARMING MARKET, 2020–2030 ($MILLION)
FIGURE 39.JAPAN VERTICAL FARMING MARKET, 2020–2030 ($MILLION)
FIGURE 40.AUSTRALIA VERTICAL FARMING MARKET, 2020–2030 ($MILLION)
FIGURE 41.SINGAPORE VERTICAL FARMING MARKET, 2020–2030 ($MILLION)
FIGURE 42.REST OF ASIA-PACIFIC VERTICAL FARMING MARKET, 2020–2030 ($MILLION)
FIGURE 43.COMPARATIVE SHARE ANALYSIS OF NORTH MAERICA VERTICAL FARMING MARKET, BY COUNTRY, 2020–2030 (%)
FIGURE 44.BRAZIL VERTICAL FARMING MARKET, 2020–2030 ($MILLION)
FIGURE 45.SAUDI ARABIA VERTICAL FARMING MARKET, 2020–2030 ($MILLION)
FIGURE 46.SOUTH AFRICA VERTICAL FARMING MARKET, 2020–2030 ($MILLION)
FIGURE 47.REST OF LAMEA VERTICAL FARMING MARKET, 2020–2030 ($MILLION)
FIGURE 48.MARKET PLAYER POSITIONING (2020)
FIGURE 49.TOP WINNING STRATEGIES, BY YEAR, 2017-2021*
FIGURE 50.TOP WINNING STRATEGIES, BY DEVELOPMENT, 2017-2021*
FIGURE 51.TOP WINNING STRATEGIES, BY COMPANY, 2017-2021
FIGURE 52.COMPETITIVE DASHBOARD
FIGURE 53.COMPETITIVE HEATMAP OF KEY PLAYERS
FIGURE 54.R&D EXPENDITURE, 2018–2020 ($MILLION)
FIGURE 55.EVERLIGHT ELECTRONICS CO., LTD.: REVENUE, 2018–2020 ($MILLION)
FIGURE 56.EVERLIGHT ELECTRONICS CO., LTD.: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 57.EVERLIGHT ELECTRONICS CO., LTD.: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 58.R&D EXPENDITURE, 2018–2020 ($MILLION)
FIGURE 59.KONINKLIJKE PHILIPS N.V.: REVENUE, 2018–2020 ($MILLION)
FIGURE 60.KONINKLIJKE PHILIPS N.V.: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 61.KONINKLIJKE PHILIPS N.V.: REVENUE SHARE BY REGION, 2020 (%)
Vertical farming is a revolutionary approach used to produce food in vertically stacked layers such as in a skyscraper, used warehouse, or shipping container. It facilitates huge quantity of nutritious and quality fresh food without relying on favorable weather, high water usage, skilled labor, and high soil fertility. Moreover, it enables reliable yield and consistency along with climate control, and no effects of external environment factors such as disease, pest, or predator attacks.
The growth of the vertical farming market is driven by factors such as rise in trend of using organic foods (healthy food without pesticides), optimum use of vertical space, and minimal impact of weather on yield. Increase in population leads to rise in demand–supply gap for food. Thus, the need for alternative farming techniques such as vertical farming is expected to increase in the near future. In addition, upsurge in per capita income in developing countries and occupational changes along with the globalization have changed the food preferences. Such trends have led toward the demand for new innovations in agriculture and need for such innovations to be integrated with the main stream agriculture.
The key players profiled in the report include 4D Bios Inc., AeroFarms, Agrilution, AMHYDRO (American Hydroponics), Everlight Electronics Co., Ltd., Hort Americas, Illumitex Inc., Koninklijke Philips N.V., Urban Crop Solutions, and Sky Greens. These majpr market players further adopt various startegies such as product launch, agreements, partnership among others to increase the market demand. For instance, AeroFarms launched new culinary standard for flavor and freshness named Dream Greens, which are locally grown, pesticide free, non-GMO products, and offer consistent quality and availability year-round. The blends of baby greens feature consumer favorites such as baby kale and arugula, and some spicier newcomers including ruby streaks and baby watercress.
A. The Vertical Farming Market is estimated to grow at a CAGR of 22.9% from 2021 to 2030.
A. The Vertical Farming Market is projected to reach $24.11 billion by 2030
A. To get the latest version of sample report
A. Rise in popularity of organic food, optimal use of vertical space and balanced energy utilization, ease of crop monitoring and harvesting, and decrease in arable land are the major factors influencing the vertical farming market growth.
A. The key players profiled in the Vertical Farming Market include 4D Bios Inc., AeroFarms, Agrilution, AMHYDRO (American Hydroponics), Everlight Electronics Co., Ltd., Hort Americas, Illumitex Inc and many more.
A. On the basis of top growing big corporations, we select top 10 players.
A. The Vertical Farming Market is segmented on the basis of Structure, Growth Mechanism, Component and region.
A. The key growth strategies of Vertical Farming Market players include product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations.
A. A. By mechanism, it is fragmented into hydroponics, aeroponics, and aquaponics
A. By mechanism type, the aeroponics segment is anticipated to witness highest growth rate during the forecast period.
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