Vertical Farming Market Methodology, Overview, Segmentation, Trend Analysis and Forecasts 2014-2025
Vertical farming industry is driven by factors such as rise in automation and increasing use of big data analytics to maximize the yield of production. Rise in urbanization and rising demand for high quality foods coupled with novel techniques of farming is likely to fuel the market growth in the near future
Vertical farming industry is driven by factors such as rise in automation and increasing use of big data analytics to maximize the yield of production. Rise in urbanization and rising demand for high quality foods coupled with novel techniques of farming is likely to fuel the market growth in the near future
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<strong>Vertical</strong> <strong>Farming</strong> <strong>Market</strong> <strong>Methodology</strong>, <strong>Overview</strong>, <strong>Segmentation</strong>,<br />
<strong>Trend</strong> <strong>Analysis</strong> <strong>and</strong> <strong>Forecasts</strong> <strong>2014</strong>-<strong>2025</strong><br />
“<strong>Vertical</strong> farming industry is driven by factors such as rise in automation <strong>and</strong><br />
increasing use of big data analytics to maximize the yield of production. Rise<br />
in urbanization <strong>and</strong> rising dem<strong>and</strong> for high quality foods coupled with novel<br />
techniques of farming is likely to fuel the market growth in the near future.”<br />
The global <strong>Vertical</strong> <strong>Farming</strong> <strong>Market</strong> is expected to reach USD 9.9 billion by <strong>2025</strong> owing to rise in use of IoT<br />
(Internet of Things) for agriculture <strong>and</strong> crop production. A vertical farm ensures the sustainability of cities by<br />
addressing food security to the ever-increasing population. It is rather a simple concept of urban farming. Many<br />
cities across the globe have adopted the models of vertical farming. There can be three types or multiple models<br />
of vertical farming, viz, vertical farming carried on old warehouses <strong>and</strong> buildings; the second type takes place<br />
on rooftops, old buildings <strong>and</strong> residential structures <strong>and</strong> the third type takes place on multi-storeyed building,<br />
restaurants <strong>and</strong> retail stores.<br />
The success of vertical farming is proportional to the size of vertical farming mentioned above. <strong>Vertical</strong> farming<br />
techniques hence encourage the city dwellers to opt for eco-friendly farming practices by following correct<br />
methods of waste disposal.<br />
<strong>Vertical</strong> farming industry is driven by factors such as rise in automation <strong>and</strong> increasing use of big data analytics<br />
to maximize the yield of production. Rise in urbanization <strong>and</strong> rising dem<strong>and</strong> for high quality foods coupled with<br />
novel techniques of farming is likely to fuel the market growth in the near future. Use of several mechanisms to<br />
optimize the crop yield under suitable climatic conditions is expected to propel the market growth in the<br />
forecast period. However, cost of investment <strong>and</strong> availability of fewer crop varieties coupled with dearth of<br />
technical proficiency are likely to restrain the market growth in the forecast period up to <strong>2025</strong>.<br />
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<strong>Vertical</strong> farming market is segmented based on structure, which includes building-based <strong>and</strong> shipping container.<br />
By offering, the vertical farming industry segmentation includes hydroponic components, lighting, sensors, <strong>and</strong><br />
climate control. By mechanism, the vertical farming market segmentation includes aeroponics, hydroponics,<br />
<strong>and</strong> aquaponics. Hydroponic system accounts for a significant market share in the forecast period since it is<br />
widely used <strong>and</strong> it eliminates the need for pesticides <strong>and</strong> artificial ripening agents, which further improves the<br />
nutrition in vegetables.<br />
Geographic segmentation for vertical farming industry includes North America, Latin America, Europe, Asia-<br />
Pacific <strong>and</strong> Middle East & Africa. Asia-Pacific vertical farming market is expected to gain a significant market<br />
share in the forecast period due to rise in population <strong>and</strong> limited availability of fertile l<strong>and</strong>. The key players in<br />
the vertical farming industry include Bright Farms, Everlight Electronics Co Ltd, Koninklijke, Aerofarms,<br />
IllumitexInc, Sky Greens <strong>and</strong> Green Sense Farms.<br />
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https://www.millioninsights.com/industry-reports/vertical-farming-market<br />
<strong>Market</strong> Segment:<br />
<strong>Vertical</strong> <strong>Farming</strong> Structure Outlook (Revenue, USD Million; <strong>2014</strong> - <strong>2025</strong>)<br />
• Shipping container<br />
• Building-based<br />
<strong>Vertical</strong> <strong>Farming</strong> Offering Outlook (Revenue, USD Million; <strong>2014</strong> - <strong>2025</strong>)<br />
• Lighting<br />
• Hydroponic components<br />
• Climate control<br />
• Sensors<br />
<strong>Vertical</strong> <strong>Farming</strong> Growing Mechanism Outlook (Revenue, USD Million; <strong>2014</strong> - <strong>2025</strong>)<br />
• Hydroponics<br />
• Aeroponics<br />
• Aquaponics<br />
<strong>Vertical</strong> <strong>Farming</strong> Regional Outlook (Revenue, USD Million; <strong>2014</strong> - <strong>2025</strong>)<br />
• North America<br />
• Europe<br />
• Asia Pacific<br />
• South America<br />
• Middle East <strong>and</strong> Africa (MEA)<br />
See More Reports of this Category by Million Insights @<br />
https://www.millioninsights.com/industry/agriculture
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