The growing demand for organic food and the scarcity of natural resources are driving the demand of the market.
Market Size – USD 2.90 billion in 2019, Market Growth – CAGR of 20.1%, Market Trends – Increasing utilization of hydroponics method.
The latest report provides detailed insights into Vertical Farming market trends, industry trends, consumer trends, market size, market share, market growth, 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 market size over the forecast period, 2020–2028. The report includes profiles of major players in the Vertical Farming market, strategies being employed, mergers, acquisitions, recent developments, agreements, contracts, new product development and launches, segment revenue, investment details as well as financials.
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Global Vertical Farming market growth is driven by a variety of factors and trends, primary of which include rising focus by major companies on product/service expansion into new and untapped domestic Vertical Farming markets, rising investments in strategic agreements, and rising competition in the market. Development of more advanced offerings is driving rising demand and deployment in respective sectors/industries, and this is a major trend in an increasing number of developing economies. In addition, availability of favorable government policies and steady economic growth across various regions and countries is resulting in an increasing number of players focusing on leveraging opportunities to drive visibility and increase revenue and profits.
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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Incorporated with Info-graphics, charts, 70 tables and 85 figures, this 250-page research report “Vertical Farming Market Size, Type, Application, End-Use Industry, Regional Outlook, Competitive Strategies and Forecasts, 2020 – 2027” is based on a complete research of the entire Global market and covering all its sub-segments through comprehensively thorough classifications. Insightful analysis and assessment are created from superior primary and secondary information sources with data and information derived from industry specialists across the value chain.
Region wise performance of the Vertical Farming industry
North America Vertical Farming market growth registered a significant incline in 2020 and this is having major impact on market growth of other major regions. In addition, North America Vertical Farming market growth is expected to continue to remain dominant over other regional markets over the forecast period. Presence of major players in countries in the region is a key factor driving steady change in overall Vertical Farming market trends, and this is expected to continue to support market growth in North America.
Asia Pacific Vertical Farming market growth is expected to register a rapid rate in terms of revenue as compared to other regional markets over the forecast period. China, India, and South Korea accounted for significantly robust Vertical Farming market growth in 2020, and the trend is expected to continue over the forecast period. Factors such as increasing population, favorable government policies and initiatives, and availability of more advanced technologies, services, and offerings in these countries is driving Vertical Farming market growth in Asia Pacific.
Europe Vertical Farming market growth and revenue expansion is expected to remain steady over the forecast period. This can be attributed to robust focus on research and development initiatives by major firms and changing Vertical Farming market trends in countries in other major regions.
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
We can customize our reports for our customers, for instance, we can add or remove manufacturers, applications or product types, whatever you need in the report. Ask for it by contacting [email protected] https://www.emergenresearch.com/request-for-customization/238
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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