In 2015, the value of the world's remaining agricultural market was 1.15 billion dollars, Due to the increasing growth of the environmentally friendly production of fruits and vegetables. Demand for urban farming has increased due to the unprecedented growth of the global population. Genetic farming is a practice to prepare food in a vertical stacked layer like a vertical warehouse, a skyscraper or a shipping container.
Organic foods are perceived as healthier, nutritious, safer, and more environmentally friendly. A critical factor that influences the demand for organic food is the food purchasing behavior of consumers, which is essential for producers, policymakers, and suppliers to implement successful marketing strategies.
Obesity and heart diseases are the prevalent, health-related issues among consumers. Furthermore, the growing depletion of groundwater and changing climatic conditions have urged the traditional growers to adopt alternate farming methods. Increasing consumer concerns toward health and the abovementioned factors are likely to elevate the industry demand.
Contrary to traditional farming, indoor farming can produce crops throughout the year, which increases productivity. Furthermore, indoor farming can protect crops from extreme weather conditions through the use of techniques such as the controlled environment agriculture technology, where the facilities use artificial environmental control, control of light, and fertigation.
The shipping container segment dominated the industry in terms of revenue in 2015 and is expected to remain dominant over the forecast period. Structural ability to help increase the crop, neglecting the geographical location causes this increase. Components as increasingly technological progress and Expectancy of expected increase in precision farming is expected to run shipping container segments. Building-based departments are widely accepted in Japan, China, and other Asian countries. The shipping container based farming uses 95% less water than traditional farming with drip irrigation. It's easy to modify, stackable, durable shipping containers, and Can be recycled and reproduced at a lower price. Additionally, additional availability of unused shipping containers worldwide will also affect segments growth over the prediction period.
Offering Insights
Depending on the offer, market lighting, hydroponics components, weather controls, and sensors. The Weather Control Department is expecting a high growth rate in the forecast period. Farmers have increased the use of hydroponic components to reduce weight and the basic structure needed to support the equipment is to run the demand for hydroponic components.
Farming with the help of lighting technology ensures consistent plant growth by reducing the heat stress on the root zone and providing uniform lighting. The use of LED lighting technology acts as a supplementary light source to the sun and ensures increased productivity with minimum power usage. Sensors enable the comprehensive monitoring of the external environment and crop condition. A various sensor such as the nutrient sensor, humidity sensor, and light sensor are used to monitor the crop growth of the crops. Monitoring also enables notifications of changes and alerts.
Automation in vertical farming is aiming at minimizing time to market, reducing distribution, production, & environment costs, and standardizing the high quality. IoT has become the mainstream technology that drives several industries such as transportation, manufacturing, agriculture, and others. The broadcast of IOT has revolutionized the agricultural industry.
Growing Mechanism Insights
Based on growing mechanisms, the market has been segmented into hydroponics, aeroponics, and aquaponics. In 2015, the increasing system of hydroponics filled the Segment and Expectancy is expected to be effective over a period of time. Hydroponic farming is a method of growing plants without soil, where the soil is replaced by a mineral solution inserted around the plant roots.
In addition, the Hydroponics method eliminates the risk of life in the soil caused by the disease. The growing awareness among consumers regarding the effects of pesticides is expected to boost the demand for hydroponics segment.
The aquaponics segment is anticipated to gain a significant market share over the forecast period. Aquaponics is the integration of hydroponics and aquaculture, which eliminates the need for harmful chemicals for cultivation. Plants like lettuce, chiv, pepper, black, mint, cucumber and peas are grown by aquaponics. Water used in the Aquaponics system is fish waste which nourishes it and The crop yield time increases. This creates a durable natural system that reduces the need for chemicals to prepare food.
The aeroponics segment is expected to significantly increase in the forecast period. This system is similar to Hydroponics because the soil is not used to develop plants. However, in aeroponics, there is no need for growing medium because plants in the dark room are due to the roots and Spray with nutritional-rich solution regularly.
Regional Insights
According to Revenue, Asia Pacific region dominated the industry in 2015 and Expectancy is expected to be effective over a period of time. Growing awareness regarding the importance of alternative farming, owing to the less availability of fertile agricultural land and increasing population, are the key factors anticipated to spur the industry demand.
Due to the increased expansion of genetically modified peak technology, a significant increase in the expected time of European market in Europe is expected. Moreover, the increase in the demand of Nano technology and robotics for agriculture increases regional market demand. Use of Nano technology helps improve food packaging and improve disease and pest control.
The European environmental agency has carried out several initiatives to build vertical farms for the purpose of overcoming challenges of continuous population growth and climate change as well as producing food in an environment-unfriendly way. This has resulted in the rising demand for the market in the region.
The growing urban population and the commercialization of indoor agriculture are expected to boost Africa's regional demand. However, lack of financial resources for limited access to modern verticals and water supply and the land is expected to prevent Africa's regional growth. To overcome such challenges, wooden box stands in different models of this area and sack gardens.
Competitive Insights
A few of the major industry players include Aero Farms (U.S.), Illumitex, Inc. (U.S.), and American Hydroponics (U.S.). These players are involved in strategies such as partnerships, business expansions, new product developments, and contracts to expand their market share.
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest trends and opportunities in each of the sub-segments from 2014 to 2025. For the purpose of this study, Frank n Raf has segmented the global vertical farming market based on structure, offering, growing mechanism, and region:
Structure Outlook (Revenue, USD Million; 2014 - 2025)
· Shipping container
· Building-based
Offering Outlook (Revenue, USD Million; 2014 - 2025)
· Lighting
· Hydroponic components
· Climate control
· Sensors
Growing Mechanism Outlook (Revenue, USD Million; 2014 - 2025)
· Hydroponics
· Aeroponics
· Aquaponics
Regional Outlook (Revenue, USD Million; 2014 - 2025)
North America
· U.S.
· Canada
· Mexico
Europe
· Germany
· UK
· France
Asia Pacific
· China
· India
· Japan
South America
· Brazil
Middle East and Africa (MEA)
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Table of Content:
· Methodology and Scope
· Executive Summary
· Vertical Farming Industry Outlook
· Vertical Farming: Structure Estimates & Trend Analysis
· Vertical Farming: Offering Estimates & Trend Analysis
· Vertical Farming: Growing Mechanism Estimates & Trend Analysis
· Vertical Farming: Regional Estimates & Trend Analysis
· Competitive Landscape
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Vertical farming market is performed in indoor conditions where vertically stacked trays are used to grow plants with the help of artificial lighting.
This is being utilized for manufacturing various crop such as latus, cabbage and other leafy vegetables effectively.
Vertical farming is considered to be the more sustainable and revolutionary method of agriculture than traditional agriculture and greenhouse farming.
It requires very less water and saves considerable soil and space.
This farming method is useful in challenging environments such as cities, mountainside towns and deserts.Download Sample Copy of vertical farming market Report At https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-vertical-farming-marketGlobal vertical farming market is projected to register healthy CAGR of 23.5% in the forecast period of 2019 to 2028.The vertical farming market report puts forth a range of segments linked to vertical farming industry and market with comprehensive research and analysis.
These involve industry outlook with respect to critical success factors (CSFs), industry dynamics that primarily covers drivers and restraints, market segmentation & value chain analysis, key opportunities, application and technology outlook, regional or geographical insight, country-level analysis.
Vertical farming market is performed in indoor conditions where vertically stacked trays are used to grow plants with the help of artificial lighting.
This is being utilized for manufacturing various crop such as latus, cabbage and other leafy vegetables effectively.
It requires very less water and saves considerable soil and space.
This farming method is useful in challenging environments such as cities, mountainside towns and deserts.Global vertical farming market is projected to register healthy CAGR of 23.5% in the forecast period of 2019 to 2026.According to the market study of Vertical farming market report, new highs are possible in the Vertical farming market for the year 2018-2025.
These strategies include new product launches, expansions, agreements, joint ventures, partnerships, and acquisitions.
By knowing the marketing strategies of rivals, businesses can decide upon innovative ideas and striking sales targets.
Vertical farming market is performed in indoor conditions where vertically stacked trays are used to grow plants with the help of artificial lighting.
This is being utilized for manufacturing various crop such as latus, cabbage and other leafy vegetables effectively.
Vertical farming is considered to be the more sustainable and revolutionary method of agriculture than traditional agriculture and greenhouse farming.
It requires very less water and saves considerable soil and space.
This farming method is useful in challenging environments such as cities, mountainside towns and deserts.Global vertical farming market is projected to register healthy CAGR of 23.5% in the forecast period of 2019 to 2026.The vertical farming market report puts forth a range of segments linked to vertical farming industry and market with comprehensive research and analysis.
These involve industry outlook with respect to critical success factors (CSFs), industry dynamics that primarily covers drivers and restraints, market segmentation & value chain analysis, key opportunities, application and technology outlook, regional or geographical insight, country-level analysis.
Middle East and Africa Vertical Farming Market is a method of processing food such as in a skyscraper, used factory or shipping container done in vertically stacked layers.X`Indoor farming methods and controlled-environment agriculture (CEA) technologies are used for modern vertical farming concepts where all environmental conditions can be controlled.Pollution has major economic consequences in terms of health, lack of productivity, health care costs and disruption to the environment, hence, the growing concerns regarding pollution free environment is driving the growth of the vertical farming market.
The limited variety of crops involved in vertical farming lead to economic feasibility which hinders the growth of the vertical farming market.
The rising maintenance of air circulation in vertical farming is acting as a major challenge for the vertical farming market.The vertical farming market is expected to gain market growth in the forecast period of 2021 to 2028.
This Middle East and Africa Vertical Farming Market report provides major statistics on the market status of global and regional manufacturers and is a helpful source of assistance and direction for companies and individuals interested in Healthcare industry.
The company profiles of all the chief and dominating market players and brands who are taking steps such as product launches, joint ventures, mergers and acquisitions are mentioned in the report.Get Sample PDF (including COVID19 Impact Analysis) of Market Report @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=middle-east-and-africa-vertical-farming-marketMarket Drivers and Restraints:On the basis of growth mechanism, the vertical farming market is segmented into hydroponics, aeroponics and aquaponics.
In 2021, hydroponics segment is dominating in the vertical farming market because it is widely used in vertical farming as it involves growing plants in nutrient solutions that are free of soil.On the basis of structure, the vertical farming market is segmented into shipping containers and building based.
Vertical farming market is performed in indoor conditions where vertically stacked trays are used to grow plants with the help of artificial lighting.
Vertical farming is considered to be the more sustainable and revolutionary method of agriculture than traditional agriculture and greenhouse farming.
It requires very less water and saves considerable soil and space.
This farming method is useful in challenging environments such as cities, mountainside towns and deserts.Global vertical farming market is projected to register healthy CAGR of 23.5% in the forecast period of 2019 to 2026.According to the market study of Vertical Farming Market report, new highs are possible in the Vertical Farming Market Market for the year 2018-2025.
Competitive analysis section in the report covers the strategies used by the major competitors in the market that perks up their penetration in the market.
This report gives estimations of Compound Annual Growth Rate (CAGR) in % value for the forecasted period that will assist client to take decision based on futuristic chart.
The Global Vertical Farming Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 gives an evaluation of the market developments based on historical studies and comprehensive research respectively.
The market segments are also provided with an in-depth outlook of the competitive landscape and a listing of the profiled key players.Vertical farming is a modern cultivation practice of growing plants in a closed environment on vertical surfaces or skyscraper greenhouses.
This practice uses artificial lighting and metal reflectors in replacement to natural sunlight.
The use of pesticides and poor weather conditions have low detrimental impact in vertical farming.
These plants are produced in specific quality and quantity, having control over its cost and sales prices.Robot technology in vertical farming meets the hygiene and safety norms and dismiss human efforts.
Technologies used in vertical farming are greenhouse, the folkewall and other vertical growing architectures, aeroponics / hydroponics / aquaponics, composting, grow light, phytoremediation, skyscraper and controlled-environment agriculture.Consistency and ability to grow vegetables 24 hours a day, maintenance of freshness and hygiene in crops, depleting agricultural land and demand for organic crops are the driving forces behind the growth of vertical farming.Final Report will cover the impact of COVID-19 on this industry.Browse the complete Global Vertical Farming Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 @ https://www.decisiondatabases.com/ip/369-vertical-farming-market-reportThe report also covers the complete competitive landscape of the worldwide market with company profiles of key players such as:Spread Co.GranpaIwasaki ElectricNihon Advanced Agri CorporationPacific GroupRyobi HoldingsPhilips Horticulture LampsEverlight ElectronicsSEGMENTATIONS IN REPORT:Vertical Farming By Technology:HydroponicsAerophonicsAquaponicsVertical Farming By LED Lighting:RedBlueVertical Farming By LED Grow Light Module:Large Warehouse Plant FactoriesHome And RestaurantVertical Farming By Geography:Asia PacificNorth AmericaEuropeLatin AmericaMiddle East And AfricaDownload Free Sample Report of Global Vertical Farming Market @ https://www.decisiondatabases.com/contact/download-sample-369The Global Vertical Farming Market has been exhibited in detail in the following chapters –Chapter 1 Vertical Farming Market PrefaceChapter 2 Executive SummaryChapter 3 Vertical Farming Industry AnalysisChapter 4 Vertical Farming Market Value Chain AnalysisChapter 5 Vertical Farming Market Analysis By TechnologyChapter 6 Vertical Farming Market Analysis By LED LightingChapter 7 Vertical Farming Market Analysis By LED Grow Light ModuleChapter 8 Vertical Farming Market Analysis By GeographyChapter 9 Competitive Landscape Of Vertical Farming CompaniesChapter 10 Company Profiles Of Vertical Farming IndustryPurchase the complete Global Vertical Farming Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-369Other Reports by DecisionDatabases.com:Global Farm Management Software Market Research Report – Industry Analysis, Size, Share, Growth, Trends And ForecastGlobal Precision Farming Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026Global Farm Equipment Market Research Report – Industry Analysis, Size, Share, Growth, Trends And ForecastAbout-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.
