Global Vertical Farming Market Overview to 2027

DUBLIN, July 20, 2022 /PRNewswire/ — The report “Vertical Farming Market: Global Industry Trends, Share, Size, Growth, Opportunities and Forecast 2022-2027” has been added to from ResearchAndMarkets.com offer.

The global vertical farming market has reached a value of US$3.66 billion in 2021. Looking ahead, the publisher expects the market to reach a value of US$13.98 billion by 2027, posting a CAGR of 25.03% over the period 2021-2027.

Keeping in mind the uncertainties of COVID-19, we continuously monitor and assess the direct and indirect influence of the pandemic. This information is included in the report as a major market contributor.

Vertical farming refers to an innovative farming technique that involves growing food and medicinal plants in stacked vertical layers. It is adopted to produce crops with artificial light, temperature, humidity and gas control. Vertical farming uses a combination of methods involving hydroponics, aeroponics, and aquaponics to grow crops without soil using mineral nutrient solutions, such as peat moss and coconut shell, or aquatic animals, such as snails, fish and shrimp.

It is very beneficial for growing crops on arid lands, mountains, infertile lands, indoors and on the roofs of buildings. Compared to traditional farming practices, vertical farming is sustainable and requires less water and energy.

The rapid increase in the global population coupled with the scarcity of arable land is one of the key factors driving the growth of the market. Moreover, an increasing requirement for stabilized agricultural production to meet the growing food demand is giving impetus to the growth of the market. In this light, the legalization of the cultivation of cannabis for medical and recreational purposes is also contributing to the growth of the market.

Various technological advancements in light-emitting diode (LED) technology and the integration of Internet of Things (IoT)-enabled sensors and monitoring devices are acting as other growth drivers. These new LED overhead lighting and inter-lighting solutions help reduce farming costs and increase overall yield. Other factors, including increasing consumer spending capabilities, along with the implementation of supportive government policies, are expected to drive the market towards growth.

Competitive Landscape:

The competitive landscape of the industry was also reviewed along with the profiles of major players i.e. AeroFarms, Agrilution Systems GmbH, AmHydro, Everlight Electronics Co. Ltd., Freight Farms Inc., Gronska Stadsodling, Heliospectra AB, Jones Food Company Limited, Koninklijke Philips NV, OSRAM GmbH (ams-OSRAM AG), Signify NV, Urban Crop Solutions and Vertical Farm Systems Pty Ltd.

Answers to key questions in this report:

  • How has the global vertical farming market behaved so far and how will it behave in the years to come?
  • What has been the impact of COVID-19 on the Global Vertical Farming Market?
  • What are the main regional markets?
  • What is the market breakdown by component?
  • What is the market breakdown by structure?
  • What is the market breakout based on growth mechanism?
  • What is the market breakdown by application?
  • What are the different stages of the industry value chain?
  • What are the key drivers and challenges in the industry?
  • What is the structure of the global vertical farming market and who are the key players?
  • How competitive is the industry?

Main topics covered:

1 Preface

2 Scope and methodology

3 Executive Summary

4 Presentation
4.1 Overview
4.2 Key Industry Trends

5 Global Vertical Farming Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 Market Breakdown by Component
6.1 Irrigation Component
6.1.1 Market trends
6.1.2 Market Forecast
6.2 Lighting
6.2.1 Market trends
6.2.2 Market Forecast
6.3 Sensors
6.3.1 Market trends
6.3.2 Market Forecast
6.4 Air conditioning
6.4.1 Market trends
6.4.2 Market Forecast
6.5 Material of construction
6.5.1 Market trends
6.5.2 Key segments
6.5.2.1 Glass greenhouse
6.5.2.2 Plastic greenhouse
6.5.3 Market Forecast
6.6 Others
6.6.1 Market trends
6.6.2 Market Forecast

7 Market Breakdown by Structure
7.1 Vertical trusses based on buildings
7.1.1 Market trends
7.1.2 Market Forecast
7.2 Container-Based Vertical Farms
7.2.1 Market trends
7.2.2 Market Forecast

8 Market Breakdown by Growth Mechanism
8.1 Hydroponics
8.1.1 Market trends
8.1.2 Market Forecast
8.2 Aeroponics
8.2.1 Market trends
8.2.2 Market Forecast
8.3 Aquaponics
8.3.1 Market trends
8.3.2 Market Forecast

9 Market Breakdown by Application
9.1 Interior
9.1.1 Market trends
9.1.2 Market Forecast
9.2 Exterior
9.2.1 Market trends
9.2.2 Market Forecast

10 Market Breakdown by Region

11 SWOT Analysis

12 Value chain analysis

13 Analysis of the five forces of carriers

14 Price Analysis

15 Competitive Landscape
15.1 Market structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 Aero Farms
15.3.1.1 Company Overview
15.3.1.2 Product portfolio
15.3.2 Agrilution Systems GmbH
15.3.2.1 Presentation of the company
15.3.2.2 Product portfolio
15.3.3 AmHydro
15.3.3.1 Company Overview
15.3.3.2 Product portfolio
15.3.4 Everlight Electronics Co. Ltd.
15.3.4.1 Company overview
15.3.4.2 Product portfolio
15.3.4.3 Finance
15.3.5 Freight Farms Inc.
15.3.5.1 Company Overview
15.3.5.2 Product portfolio
15.3.6 Gronska Stadsodling
15.3.6.1 Company Overview
15.3.6.2 Product portfolio
15.3.7 AB Heliospectra
15.3.7.1 Company Overview
15.3.7.2 Product portfolio
15.3.7.3 Finance
15.3.8 Jones Food Company Limited
15.3.8.1 Company Overview
15.3.8.2 Product portfolio
15.3.9 Koninklijke Philips NV
15.3.9.1 Company Overview
15.3.9.2 Product portfolio
15.3.9.3 Finance
15.3.9.4 SWOT Analysis
15.3.10 OSRAM GmbH (ams-OSRAM AG)
15.3.10.1 Company Overview
15.3.10.2 Product portfolio
15.3.10.3 Finance
15.3.11 Signify AG
15.3.11.1 Company Overview
15.3.11.2 Product portfolio
15.3.11.3 Finance
15.3.12 Urban crop solutions
15.3.12.1 Company overview
15.3.12.2 Product portfolio
15.3.13 Vertical Farm Systems Pty Ltd
15.3.13.1 Company Overview
15.3.13.2 Product portfolio

For more information about this report visit https://www.researchandmarkets.com/r/c6vz3y

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