A recent report published by
Infinium Global Research on the vertical farming market provides an in-depth analysis
of segments and sub-segments in the global as well as the regional vertical farming
market. The study also highlights the impact of drivers, restraints, and macro
indicators on the global and regional vertical farming market over the short
term as well as long term. The report is a comprehensive presentation of
trends, forecast and dollar values of the global vertical farming market. According
to the report, the global vertical farming market is projected to grow at a
CAGR of 22.1% over the forecast period of 2019-2025.
The leading companies in the
global vertical farming market are Sky Greens, AeroFarms, Green Spirit Farms,
American Hydroponics, General Hydroponics, Mirai Co. Ltd., Spread Co. Ltd.,
Urban Crops Solutions, Green Sense Farms, Agrilution GmbH, and other companies.
Companies are adopting strategies such as mergers, acquisitions, and new
product launches maximizing the market share.
The rising disposable income and
urbanization drive the growth of the vertical farming market. The increasing
demand for organic foods by consumers contributes to the growth of the vertical
farming market. The rising awareness among consumers about organic food
consumption stimulates the growth of the vertical farming market. Vertical
farming minimizes the intervention of machines used in conventional farming.
The balanced energy consumption and suitable use of vertical space propel the
growth of the vertical farming market. Vertical farming helps in falling
transportation costs and using less water. Vertical farming involves various
technologies that help the growth of plants artificially. These technologies
help in tracking plant growth fueling the growth of the vertical farming
market. In addition, the growing adoption of plantscapers propels the growth of
the vertical farming market. Plantscapers are buildings providing food for its
occupants. For instance, Plantagon, a Swedish food tech company has allowed
office spaces and buildings to feed a large number of people. The increasing
adoption of independent farming techniques with the lesser impact of climatic
conditions propels the growth of the vertical farming market. On the flip side,
high initial investments and the huge cost of organic pesticides hamper the
growth of the vertical farming market. Moreover, development in the technology
used in vertical farming creates novel opportunities for the growth of the
vertical farming market.
Based on geography, the global
vertical farming market is divided into North America, Asia-Pacific, Europe,
and the Rest of the World. North America is expected to hold a dominant share
in the global vertical farming market. The growing research centers in the
North America region contribute to the growth of the vertical farming market in
North America. Asia-Pacific is anticipated to grow in the global vertical
farming market with a healthy CAGR over the forecast period. The rising demand
for organic food in the Asia-Pacific region fuels the growth of the vertical
farming market. Europe is showing growth in the global vertical farming
The report on the global vertical
farming market covers segments such as farm structure, component, and
technology. On the basis of farm structure, the sub-markets include building
based structure, and container-based structure. On the basis of component, the
sub-markets include irrigation component, lighting, sensor, building material,
and other components. On the basis of technology, the sub-markets include
hydroponics, aeroponics, and aquaponics.
The report provides profiles of
the companies in the market such as Sky Greens, AeroFarms, Green Spirit Farms,
General Hydroponics, Mirai Co. Ltd., Spread Co. Ltd., Urban Crops Solutions,
Green Sense Farms, Agrilution GmbH, and Other companies.
The report provides deep insights
into the demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings an insight into the investment areas that existing
or new market players can consider. The report provides insights into the
market using analytical tools such as Porter's five forces analysis and DRO analysis
of the vertical farming market. Moreover, the study highlights current market
trends and provides forecast from 2019-2025. We also have highlighted future
trends in the market that will affect the demand during the forecast period.
Moreover, the competitive analysis given in each regional market brings an
insight into the market share of the leading players.