Vertical Farming Market, By Crop Type (Spinach, Cucumbers, Tomatoes, Strawberries, Pomegranates, Let

Published Date: | Report Code : FA1948894

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Growing an adequate amount of healthy food in traditional farming is a big challenge. Protecting crops from bad weather, rapid urbanization, and industrialization, and lack of cultivable farming land are big problems for traditional farming.

Vertical farming is a non-traditional way of growing crops, which neglects the effects of climate, produce high yield, use minimum pesticides, consumes less amount of water, and requires less area for farming. The demand for vertical farming is expected to grow in the future due to factors such as a rise in the popularity of organic food, a decrease in arable food, an increase in urban population. However, vertical farming requires a high initial investment and advanced technologies.

Segment Analysis: 

Based on the mechanism type, the hydroponics segment is expected to grow during the forecast period. A hydroponic is a method of growing plants without soil. It eliminates the need for pesticides and artificial ripening agents, which helps in producing nutritionally-rich vegetables. This factor is driving the market. Moreover, increasing demand for reducing the carbon footprint of traditional agricultural practices is also driving the global vertical farming market.

Key Factors Impacting Market Growth:

  • Rising demand for high-quality food without herbicides and pesticides
  • Independent farming techniques with less impact of climate conditions
  • Limited space for growing vegetables and fruits

Regional Analysis: 

This report segments the vertical farming market by region into North America, Asia Pacific, Western Europe, Eastern Europe, the Middle East, and the Rest of the World. North America, Asia Pacific, and Western Europe are estimated to be major regions for the vertical farming market during the forecast period. North America and Western Europe have been one of the key regions with technological advancements in the Food & Agricultural sector. The use of the latest technologies in the agricultural activities and established processed food market is estimated to drive demand for vertical farming market in these regions. In addition to this, some of the major companies operating in this market are headquartered in these regions.

Asia Pacific is estimated to be one of the fastest-growing markets for vertical farming during the forecast period. The food & agriculture sector is one of the major contributors to economies in the region. In addition to this, government initiatives to promote technological advancements in this region are also one of the key factors to the growth of the vertical farming market. The Middle East and the rest of the World are estimated to be emerging regions for the vertical farming market during the forecast period.

Companies Covered: 

Koninklijke Philips N.V., Sky Greens Pte. Ltd, AeroFarms LLC, Everlight Electronics Co. Ltd, Illumitex Inc, Hort Americas, Agrilution GmbH, Urban Crop Solutions Inc., American Hydroponics Systems Inc., and Vertical Farm Systems.

Market Segmentation: 

By Crop Type:

  • Spinach
  • Cucumbers
  • Tomatoes
  • Strawberries
  • Pomegranates
  • Lettuce
  • Peppers
  • Broccoli
  • Others

 By Mechanism Type:

  • Aeroponics
  • Aquaponics
  • Hydroponics

By Structure Type:

  • Building-based
  • Shipping Container

By Offering Type:

  • Hardware
  • Software
  • Service

By Region:

  • North America
    • By Country (US, Canada, Mexico)
    • By Crop Type
    • Mechanism Type
    • Structure Type
    • Offering Type
  • Western Europe
    • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
    • By Crop Type
    • Mechanism Type
    • Structure Type
    • Offering Type
  • Eastern Europe
    • By Country (Russia, Turkey, Rest of Eastern Europe)
    • By Crop Type
    • Mechanism Type
    • Structure Type
    • Offering Type
  • Asia Pacific
    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
    • By Crop Type
    • Mechanism Type
    • Structure Type
    • Offering Type
  • Middle East
    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
    • By Crop Type
    • Mechanism Type
    • Structure Type
    • Offering Type
  • Rest of the World
    • By Region (South America, Africa)
    • By Crop Type
    • Mechanism Type
    • Structure Type
    • Offering Type

Reasons to Buy This Report:

  • Market size estimation of the global vertical farming market on a regional and global basis
  • The unique research design for market size estimation and forecast
  • Profiling of major companies operating in the market with key developments
  • Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:

  • By Segment
  • By Sub-segment
  • By Region/Country

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