The global Vertical Farming Market will be worth USD 11.71 Billion by 2027, according to a current analysis by Emergen Research. The growth of this market can be attributed to the growing demand for organic food products among consumers. Growing environmental concerns such as the depletion of soil quality and groundwater on applications of chemical-based solutions have increased the vertical farming system's adoption.
The report provides detailed insights into Vertical Farming market revenue trends, industry trends, consumer trends, market size, market share, market revenue growth drivers, and forecast, along with ranging impact of each factor and driver. It also provides analysis of various factors expected to restrain or limit potential growth in Vertical Farming market size over the forecast period, 2020–2028. The report includes profiles of major Vertical Farming players in the market, strategies being employed, mergers, acquisitions, recent developments, agreements, contracts, new product development and launches, segment revenue, investment details as well as financials. Also included are details regarding top Vertical Farming market players, manufacturers, and vendors and the various strategies being deployed in the market and objectives for these strategies.
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Global Vertical Farming market revenue growth is primarily driven by rising focus by major companies on product portfolio expansion, entry into new and untapped domestic and international markets, rising investments my top Vertical Farming market players, manufacturers, and vendors in strategic agreements and contracts, and rapidly increasing competition in the Vertical Farming market.
The reduction in the prices of the light-emitting diode (LED) and the technological advancement in the LEDs help in the growth of the vertical farming system. The scarcity of space in the densely populated countries has resulted in the increasing adoption of the vertical farming method. The advantages of growing crops close to urban areas and the reduction in transportation costs are expected to fuel the vertical farming market's growth over the forecast period.
In addition, rapidly rising demand and deployment in respective sectors/industries in major and developing countries is supporting growth in terms of Vertical Farming market share contribution of these countries. In addition, Vertical Farming market share contribution is expected to continue to incline steadily over the forecast period due to favorable government policies, advancements in technology, and steady economic growth across various regions and countries.
Top key vendors in Vertical Farming Market include are:
- Key participants include Freight Farms, Signify, Osram, Aerofarms, BrightFarms, Everlight Electronics, HELIOSPECTRA AB, Illumitex, Inc., AGRICOOL, and SKY GREENS, among others.
Emergen Research has segmented the global Vertical Farming Market on the basis of Structure, Growth mechanisms, Offering, and region:
- Structure Outlook (Revenue, USD Billion; 2017-2027)
- Growth mechanisms Outlook (Revenue, USD Billion; 2017-2027)
- Offering Outlook (Revenue, USD Billion; 2017-2027)
- Climate Control
- Hydroponic Components
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In terms of Vertical Farming market share and revenue contribution to the global Vertical Farming market, North America is expected to maintain its dominance over other regional markets over the forecast period. Presence of major companies in countries in the region is a key factor supporting rapid increase in Vertical Farming market share.
The market intelligence report on the Vertical Farming Industry also includes an extensive investigation of the competitive landscape. It assesses the business and marketing strategies expected to be present in the market through the forecast years. It also includes an investigation of the recent advancements and other factors driving the growth of the overall market to help comprehend the progress of the companies in the coming years.
Region wise performance of the Vertical Farming industry
North America Vertical Farming market revenue growth was relatively higher than that of other regional markets in 2020. North America Vertical Farming market revenue is expected to continue to remain dominant over the forecast period, supported by robust presence of top market players, manufacturers, and vendors, and favorable government policies and norms in countries in the region.
Asia Pacific Vertical Farming market revenue registered fastest growth rate in 2020, and this trend is expected to continue over the forecast period. Asia Pacific Vertical Farming market revenue growth is driven by significant market revenue contribution from China, India, and South Korea. China is a robust hub for top Vertical Farming market players, manufacturers, and vendors, as well as easy access to raw materials and workforce at more economical costs that that of other regional markets.
Europe Vertical Farming market revenue is expected to continue to remain steady over the forecast period, attributed to changing trends in various market and robust focus on research and development initiatives by top market players, manufacturers, and vendors to expand global footprint and drive revenues and profits.
Geographically, this report studies the key regions, focuses on product sales, value, market share and growth opportunity in these regions, covering:
- United States
- Southeast Asia
We can also provide the customized separate regional or country-level reports, for the following regions:
North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central South America, Brazil, Argentina, Rest of South America, Middle East Africa, Saudi Arabia, Turkey, Rest of Middle East Africa
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The research provides answers to the following key questions:
- What will be the growth rate and the market size of the Vertical Farming industry for the forecast period 2020-2027?
- What are the major driving forces expected to impact the development of the Vertical Farming market across different regions?
- Who are the major driving forces expected to decide the fate of the Vertical Farming industry worldwide?
- Who are the prominent market players making a mark in the Vertical Farming market with their winning strategies?
- Which Vertical Farming industry trends are likely to shape the future of the industry during the forecast period 2020-2027?
- What are the key barriers and threats believed to hinder the development of the industry?
- What are the future opportunities in the Vertical Farming market?
Table of Content
Chapter 1. Methodology Sources
1.1. Vertical Farming Market Definition
1.2. Research Scope
1.4. Research Sources
1.4.3. Paid Sources
1.5. Vertical Farming Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2021-2028
Chapter 3. Key Insights
Chapter 4. Vertical Farming Market Segmentation Impact Analysis
4.1. Vertical Farming Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Vertical Farming Market indicators analysis
4.2.2. Vertical Farming Market drivers analysis
22.214.171.124. Rapid urbanization and industrialization
126.96.36.199. Stringent government regulations regarding carbon emissions
188.8.131.52. Increasing prevalence of respiratory diseases
184.108.40.206. Rising need to enhance indoor air quality
4.2.3. Vertical Farming Market restraints analysis
220.127.116.11. High cost associated with the maintenance of Vertical Farming products
18.104.22.168. Availability of renewable sources of energy
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Chapter 10. Competitive Landscape
10.1. Vertical Farming Market Revenue Share By Manufacturers
10.2. Mergers Acquisitions
10.3. Competitor’s Positioning
10.4. Strategy Benchmarking
10.5. Vendor Landscape
10.5.1. Raw Material Suppliers
10.5.1.1. North America
10.5.1.3. Asia Pacific
10.5.1.4. Middle East Africa
10.5.1.5. Latin America
10.5.2.1. North America
10.5.2.3. Asia Pacific
10.5.2.4. Middle East Africa
10.5.2.5. Latin America
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