Vertical Farming Market Manufacturers Analysis, Trends, Segment and Application up to 2025
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<strong>Vertical</strong> <strong>Farming</strong> <strong>Market</strong> <strong>Manufacturers</strong> <strong>Analysis</strong>, <strong>Trends</strong>,<br />
<strong>Segment</strong> <strong>and</strong> <strong>Application</strong> <strong>up</strong> <strong>to</strong> <strong>2025</strong><br />
“<strong>Vertical</strong> farming industry is driven by fac<strong>to</strong>rs such as rise in<br />
au<strong>to</strong>mation <strong>and</strong> increasing use of big data analytics <strong>to</strong> maximize<br />
the yield of production. Rise in urbanization <strong>and</strong> rising dem<strong>and</strong><br />
for high quality foods co<strong>up</strong>led with novel techniques of farming<br />
is likely <strong>to</strong> fuel the market growth in the near future.”<br />
The global <strong>Vertical</strong> <strong>Farming</strong> <strong>Market</strong> is expected <strong>to</strong> reach USD 9.9 billion by <strong>2025</strong> owing <strong>to</strong> 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 <strong>to</strong> 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 roof<strong>to</strong>ps, old buildings <strong>and</strong> residential structures <strong>and</strong> the third type takes place on multi-s<strong>to</strong>reyed building,<br />
restaurants <strong>and</strong> retail s<strong>to</strong>res.<br />
The success of vertical farming is proportional <strong>to</strong> the size of vertical farming mentioned above. <strong>Vertical</strong> farming<br />
techniques hence encourage the city dwellers <strong>to</strong> opt for eco-friendly farming practices by following correct<br />
methods of waste disposal.<br />
<strong>Vertical</strong> farming industry is driven by fac<strong>to</strong>rs such as rise in au<strong>to</strong>mation <strong>and</strong> increasing use of big data analytics<br />
<strong>to</strong> maximize the yield of production. Rise in urbanization <strong>and</strong> rising dem<strong>and</strong> for high quality foods co<strong>up</strong>led with<br />
novel techniques of farming is likely <strong>to</strong> fuel the market growth in the near future. Use of several mechanisms <strong>to</strong><br />
optimize the crop yield under suitable climatic conditions is expected <strong>to</strong> propel the market growth in the<br />
forecast period. However, cost of investment <strong>and</strong> availability of fewer crop varieties co<strong>up</strong>led with dearth of<br />
technical proficiency are likely <strong>to</strong> restrain the market growth in the forecast period <strong>up</strong> <strong>to</strong> <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.<br />
Hydroponic system accounts for a significant market share in the forecast period since it is widely used <strong>and</strong> it<br />
eliminates the need for pesticides <strong>and</strong> artificial ripening agents, which further improves the nutrition in<br />
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 <strong>to</strong> gain a significant market<br />
share in the forecast period due <strong>to</strong> rise in population <strong>and</strong> limited availability of fertile l<strong>and</strong>.<br />
The key players in the vertical farming industry include Bright Farms, Everlight Electronics Co Ltd, Koninklijke,<br />
Aerofarms, IllumitexInc, Sky Greens <strong>and</strong> Green Sense Farms.<br />
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<strong>Market</strong> <strong>Segment</strong>:<br />
<strong>Vertical</strong> <strong>Farming</strong> Structure Outlook (Revenue, USD Million; 2014 - <strong>2025</strong>)<br />
• Shipping container<br />
• Building-based<br />
<strong>Vertical</strong> <strong>Farming</strong> Offering Outlook (Revenue, USD Million; 2014 - <strong>2025</strong>)<br />
• Lighting<br />
• Hydroponic components<br />
• Climate control<br />
• Sensors
<strong>Vertical</strong> <strong>Farming</strong> Growing Mechanism Outlook (Revenue, USD Million; 2014 - <strong>2025</strong>)<br />
• Hydroponics<br />
• Aeroponics<br />
• Aquaponics<br />
<strong>Vertical</strong> <strong>Farming</strong> Regional Outlook (Revenue, USD Million; 2014 - <strong>2025</strong>)<br />
• North America<br />
• U.S.<br />
• Canada<br />
• Mexico<br />
• Europe<br />
• Germany<br />
• UK<br />
• France<br />
• Asia Pacific<br />
• China<br />
• India<br />
• Japan<br />
• South America<br />
• Brazil<br />
• Middle East <strong>and</strong> Africa (MEA)
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