- February 21, 2021
- Category: Agriculture and Livestocks, Other Industry Reports
Global Vertical Farming Market Size study, by Structure (Shipping Container and Building-based), Offering (Lighting, Hydroponic Components, Climate Control and Sensors), Growing Mechanism (Hydroponics, Aeroponics and Aquaponics), Fruits, Vegetables, & Herbs (Tomato, Lettuce, Bell & Chili Peppers, Strawberry, Cucumber, Leafy Greens, Herbs and Others) and Regional Forecasts 2020-2027
Chapter 1. Executive Summary 1.1. Market Snapshot 1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion) 1.2.1. Vertical Farming Market, by Region, 2018-2027 (USD Billion) 1.2.2. Vertical Farming Market, by Structure, 2018-2027 (USD Billion) 1.2.3. Vertical Farming Market, by Offering, 2018-2027 (USD Billion) 1.2.4. Vertical Farming Market, by Growing Mechanism, 2018-2027 (USD Billion) 1.2.5. Vertical Farming Market, by Fruits, Vegetables, & Herbs, 2018-2027 (USD Billion) 1.3. Key Trends 1.4. Estimation Methodology 1.5. Research Assumption Chapter 2. Global Vertical Farming Market Definition and Scope 2.1. Objective of the Study 2.2. Market Definition & Scope 2.2.1. Scope of the Study 2.2.2. Industry Evolution 2.3. Years Considered for the Study 2.4. Currency Conversion Rates Chapter 3. Global Vertical Farming Market Dynamics 3.1. Vertical Farming Market Impact Analysis (2018-2027) 3.1.1. Market Drivers 3.1.2. Market Challenges 3.1.3. Market Opportunities Chapter 4. Global Vertical Farming Market Industry Analysis 4.1. Porter’s 5 Force Model 4.1.1. Bargaining Power of Suppliers 4.1.2. Bargaining Power of Buyers 4.1.3. Threat of New Entrants 4.1.4. Threat of Substitutes 4.1.5. Competitive Rivalry 4.1.6. Futuristic Approach to Porter’s 5 Force Model (2017-2027) 4.2. PEST Analysis 4.2.1. Political 4.2.2. Economical 4.2.3. Social 4.2.4. Technological 4.3. Investment Adoption Model 4.4. Analyst Recommendation & Conclusion Chapter 5. Global Vertical Farming Market, by Structure 5.1. Market Snapshot 5.2. Global Vertical Farming Market by Structure, Performance - Potential Analysis 5.3. Global Vertical Farming Market Estimates & Forecasts by Structure 2017-2027 (USD Billion) 5.4. Vertical Farming Market, Sub Segment Analysis 5.4.1. Shipping Container 5.4.2. Building-based Chapter 6. Global Vertical Farming Market, by Offering 6.1. Market Snapshot 6.2. Global Vertical Farming Market by Offering, Performance - Potential Analysis 6.3. Global Vertical Farming Market Estimates & Forecasts by Offering 2017-2027 (USD Billion) 6.4. Vertical Farming Market, Sub Segment Analysis 6.4.1. Lighting 6.4.2. Hydroponic Components 6.4.3. Climate Control 6.4.4. Sensors Chapter 7. Global Vertical Farming Market, by Growing Mechanism 7.1. Market Snapshot 7.2. Global Vertical Farming Market by Growing Mechanism, Performance - Potential Analysis 7.3. Global Vertical Farming Market Estimates & Forecasts by Growing Mechanism 2017-2027 (USD Billion) 7.4. Vertical Farming Market, Sub Segment Analysis 7.4.1. Hydroponics 7.4.2. Aeroponics 7.4.3. Aquaponics 7.4.4. Global Vertical Farming Market, by Fruits, Vegetables, & Herbs 7.5. Market Snapshot 7.6. Global Vertical Farming Market by Fruits, Vegetables, & Herbs, Performance - Potential Analysis 7.7. Global Vertical Farming Market Estimates & Forecasts by Fruits, Vegetables, & Herbs 2017-2027 (USD Billion) 7.8. Vertical Farming Market, Sub Segment Analysis 7.8.1. Tomato 7.8.2. Lettuce 7.8.3. Bell & Chili Peppers 7.8.4. Strawberry 7.8.5. Cucumber 7.8.6. Leafy Greens 7.8.7. Herbs 7.8.8. Others 7.8.9. Global Vertical Farming Market, Regional Analysis 7.9. Vertical Farming Market, Regional Market Snapshot 7.10. North America Vertical Farming Market 7.10.1. U.S. Vertical Farming Market 18.104.22.168. Structure breakdown estimates & forecasts, 2017-2027 22.214.171.124. Offering breakdown estimates & forecasts, 2017-2027 126.96.36.199. Growing Mechanism breakdown estimates & forecasts, 2017-2027 188.8.131.52. Fruits, Vegetables, & Herbs breakdown estimates & forecasts, 2017-2027 7.10.2. Canada Vertical Farming Market 7.11. Europe Vertical Farming Market Snapshot 7.11.1. U.K. Vertical Farming Market 7.11.2. Germany Vertical Farming Market 7.11.3. France Vertical Farming Market 7.11.4. Spain Vertical Farming Market 7.11.5. Italy Vertical Farming Market 7.11.6. Rest of Europe Vertical Farming Market 7.12. Asia-Pacific Vertical Farming Market Snapshot 7.12.1. China Vertical Farming Market 7.12.2. India Vertical Farming Market 7.12.3. Japan Vertical Farming Market 7.12.4. Australia Vertical Farming Market 7.12.5. South Korea Vertical Farming Market 7.12.6. Rest of Asia Pacific Vertical Farming Market 7.13. Latin America Vertical Farming Market Snapshot 7.13.1. Brazil Vertical Farming Market 7.13.2. Mexico Vertical Farming Market 7.14. Rest of The World Vertical Farming Market Chapter 8. Competitive Intelligence 8.1. Top Market Strategies 8.2. Company Profiles 8.2.1. 4D Bios Inc. 184.108.40.206. Key Information 220.127.116.11. Overview 18.104.22.168. Financial (Subject to Data Availability) 22.214.171.124. Product Summary 126.96.36.199. Recent Developments 8.2.2. AeroFarms 8.2.3. Freight Farms 8.2.4. Green Sense Farms, LLC 8.2.5. BrightFarms Inc. 8.2.6. Everlight Electronics Co., Ltd. 8.2.7. Agrilution Systems GmbH 8.2.8. Signify 8.2.9. Osram 8.2.10. Sky Greens Chapter 9. Research Process 9.1. Research Process 9.1.1. Data Mining 9.1.2. Analysis 9.1.3. Market Estimation 9.1.4. Validation 9.1.5. Publishing 9.2. Research Attributes 9.3. Research Assumption
Global Vertical Farming Market is valued approximately USD 4.10 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 22 % over the forecast period 2020-2027. Vertical Farming is a process of farming in which the crops are grown in vertically stacked layers, it includes soilless farming techniques like hydroponics, aquaponics and aeroponics. The structures that are generally chosen for vertical farming systems are house, buildings, shipping containers, abandoned mine shafts and others. The increase in adoption of organic food due to increase in use of pesticides in traditional farming, rising use of Internet of Things (IoT) sensors for producing crops, effectiveness of vertical farming in maintaining reliability and stability of crop in adverse conditions, less use of water, low dependence on agricultural labors and lesser need for agrochemicals are the factors expected to fuel the demand. For instance, in 2019, according to the Organic Trade Association, sale of U.S. organic industry increased by around 5%. However, few numbers of varieties and high initial investment will impede the growth of the market over the forecast period of 2020-2027. Also, increasing use of big data, predictive analytics and rising automation in agriculture is likely to increase the market growth during the forecast period.
The regional analysis of global Vertical Farming market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Europe is the leading/significant region across the world in terms of market share owing to the expansion of commercial and small-scale vertical farms. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as rising demand of organic food would create lucrative growth prospects for the Vertical Farming market across Asia-Pacific region.
Major market player included in this report are:
4D Bios Inc.
Green Sense Farms, LLC
Everlight Electronics Co., Ltd.
Agrilution Systems GmbH
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Growing Mechanism:
By Fruits, Vegetables, & Herbs:
Bell & Chili Peppers
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027
Target Audience of the Global Vertical Farming Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers