Vertical Farming market revenue is estimated to be $XX Billion in 2019 and shall grow with a CAGR of XX.X% during the forecast period of 2019 to 2026.
Vertical Farming enables organizations to utilize vertical segments of spaces to cultivate plantation. It allows companies to reach their Corporate Social Responsibility targets and conduct research on plants in a controlled environment.
Analysis by Product
According to the product, the three main segments are Equipment, Fruits Vegetables & Herbs, and Aquatic species. Equipment is further classified into Lighting Systems, Pumps & Irrigation Systems, Tanks, Sensors, Pipes, Climate Controllers, and Meters & Solutions. Fruits, Vegetables & Herbs have the following segments: Tomato, Lettuce, Bell & Chili Peppers, Strawberry, Cucumber, and Leafy Greens. Finally, Aquatic species have five segments: Tilapia, Bass, Trout, Salmon, and Crab. The Vertical Farming market report states that Strawberries, Leafy greens, and Tomatoes are widely grown using this technique. Among these, a separate Vertical Farming market research suggests the large-scale farming of lettuce due to its ability to grow in spatially challenged spaces.
Analysis by Technology
According to technology, the major segments are Hydroponics, Aeroponics, and Aquaponics. The Vertical Farming market share is led by Hydroponics and is likely to grow stronger. The ease of usage and affordability makes it a popular choice. On the other hand, the Vertical Farming market size is proposed to grow rapidly in the area of Aeroponics. Its resource utilization is very judicious as compared to other segments. It does not depend on precipitation.
Analysis by Application
According to the application, the main segments are Indoor and Outdoor. The Vertical Farming market size is the largest for the Indoor segment. This is because of the wide varieties of species that are grown. These include fruits, vegetables, and fish in suitably modified warehouses and shipping containers. The crops are protected from external climatic conditions. The Vertical Farming market estimation suggests that this technique will be employed by many corporates to achieve their sustainability targets. On the other hand, a different Vertical Farming market forecast hints towards the growth of Outdoor vertical farming on restaurant walls, building walls, and on skyscrapers.
Analysis by Region
The Asia Pacific region is likely to add significantly to the Vertical Farming industry in the upcoming period. The United Nations Sustainable Development Goals also promote this concept. Singapore, South Korea, and Japan are likely to speed up investments in this field. The Vertical Farming price trend will play a pivotal role in the success of this industry in these countries. Australia, India, and China are also likely to prioritize the adoption of this farming technique as they also have clusters of habitation that is getting challenged by the rising population at a fairly fast pace.
Analysis by Prominent Organizations
The illustrious companies in this industry are Green Spirit Farm, Sky Greens, Aerofarms, Mirai Co. Ltd., Plantagon International, General Hydroponics, American Hydroponics, Urban Crop Solutions, and Spread Co. Most of them are seeking investments on the grounds of their research and development platform. This will enable them to scale efficiently and fulfill the market demand. Emphasis is also being laid on increasing the profitability.
COVERAGE HIGHLIGHTS
● Market Revenue Estimation and Forecast (2019 – 2026)
● Market Production Estimation and Forecast (2019 – 2026)
● Market Sales/Consumption Volume Estimation and Forecast (2019 – 2026)
● Breakdown of Revenue by Segments (2019 – 2026)
● Breakdown of Production by Segments (2019 – 2026)
● Breakdown of Sales Volume by Segments (2019 – 2026)
● Gross Margin and Profitability Analysis of Companies
● Business Trend and Expansion Analysis
● Import and Export Analysis
● Regional Analysis and Market Data Breakdown
MARKET SEGMENTATION
By Product Outlook ($Revenue and Unit Sales, 2019-2026)
- Equipment
- Lighting systems
- Pumps & irrigation systems
- Tanks
- Sensors
- Pipes
- Climate controllers
- Meters & solutions
- Fruits, vegetables & herbs
- Tomato
- Lettuce
- Bell & chili peppers
- Strawberry
- Cucumber
- Leafy greens
- Aquatic species
- Tilapia
- Bass
- Trout
- Salmon
- Crab
By Technology Outlook ($Revenue and Unit Sales, 2019-2026)
- Hydroponics
- Aeroponics
- Aquaponics
By Application Outlook ($Revenue and Unit Sales, 2019-2026)
By Regional Outlook ($Revenue and Unit Sales, 2019-2026)
- North America
- Europe
- Germany
- UK
- Netherlands
- Belgium
- Asia Pacific
- China
- India
- Japan
- South Korea
- Latin America (LATAM)
- Middle East & Africa (MEA)
Prominent Organizations
- AeroFarms
- Urban Crop Solutions
- Indoor Harvest Corporation
- Green Sense Farms
- Sky Greens
- American Hydroponics
- Illumitex
- Agrilution GmbH
- Everlight Electronics Co.
- Koninklijke Philips N.V. Ltd
- MOFLO Aeroponics
- SPREAD Co., Ltd
- Mirai Co., Ltd
- Freight Farms
- BrightFarms Inc
- Plantagon International AB
- Gills N Claws Pte. Ltd
- Alesca Life Technologies
- General Hydroponics, Inc
- Heliospectra AB
- GrowUp Urban Farms Ltd.
- Ecobain Gardens, Inc.
