The global Vertical Farming Market will be worth USD 11.71 Billion by 2027, according to a current analysis by Emergen Research. The growth of this market can be attributed to the growing demand for organic food products among consumers. Growing environmental concerns such as the depletion of soil quality and groundwater on applications of chemical-based solutions have increased the vertical farming system’s adoption. The reduction in the prices of the light-emitting diode (LED) and the technological advancement in the LEDs help in the growth of the vertical farming system.
The global Vertical farming market market report provides information related to the major manufacturers and suppliers participating in this market. This report focuses on price analysis, total revenue, product portfolio, sales and distribution channels, profit margin, and financial position. It studies the Vertical farming market market in terms of technology and consumers. Market dynamics are revealed across multiple geographic segments. Research analysts have studied and analyzed the report based on key segments covering Vertical farming market market share, revenue, growth rate, and other factors driving the growth rate of the global Vertical farming market.
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Covid 19 analysis:
The current COVID-19 pandemic is expected to have an effect on the growth of the Vertical farming market industry majorly attributable to the movement restrictions and impact on the supply and demand due to the lockdowns. The COVID-19 pandemic has affected several sectors of the global market, and the Vertical farming market sector is expected to feel the impact of the pandemic. The economic slowdown and dynamic changes in the demands will further affect the growth of the industry. The report covers the impact analysis of the COVID-19 pandemic on the overall Vertical farming market industry.
Key Highlights From The Report
In March 2020, an expansion of collaboration between Signify and Planet Farms, an operator of vertical farms based in Italy, Europe. The collaboration is expected to boost the quality and yield of the crops with the help of the Philips GreenPower LED production.
Shipping container-based vertical farms held the largest market share of 63.5% in 2019 due to the scarcity of the arable lands. Moreover, the ease of transportation and less requirement of land for the installation of the shipping container is expected to drive the growth of the segment.
The hydroponics segment is forecasted to grow with the fastest CAGR of 20.2% over the forecast period due to the ease of operation and low installation cost.
The lighting segment accounted for the largest market share of the vertical farming market in 2019 as the lighting devices help in the faster growth of the plant. The LED lighting technology is increasingly being used by the horticulture farmers due to the enhanced efficiency and long lifespan of the technologically advanced LEDs.
Summary of the key points of the report:
Report Overview: This section provides data and information pertaining to the key market manufacturers, their product offerings, historical and future timelines considered, and market scope. It further highlights the principal market segments, including product types, application gamut, end-user industries, and regional analysis.
Company Profiles: This component of the report depicts the company profiles of the leading players participating in the Vertical farming market industry. The market value & volume, production capacity, product portfolios, and other vital aspects of these players have been assessed in this report.
Key players in the market include :
Key participants include Freight Farms, Signify, Osram, Aerofarms, BrightFarms, Everlight Electronics, HELIOSPECTRA AB, Illumitex, Inc., AGRICOOL, and SKY GREENS, among others.
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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)
Comprehensive Regional Analysis Covers the Following Regions:
North America (U.S., Canada, Mexico)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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The global Vertical farming market report studies the worldwide market consumption rate in terms of value and volume.
It identifies the various sub-segments of the market structure.
It proffers information regarding the leading global manufacturers in this industry, describing their Vertical farming market value & share, sales volume, competitive analysis, SWOT analysis, and development strategies adopted during the forecast timeline.
The report describes the key industry players, with respect to their individual growth trends, future prospects, and contribution to the global market, and explains the factors related to their market growth potential, drivers, opportunities, threats, and industry-specific challenges.
Furthermore, the report underpins the strategic developments occurring in the global Vertical farming market such as expansions, mergers & acquisitions, agreements, as well as new product launches
Key questions addressed in the report:
What is the projected growth rate likely to be witnessed by each market region?
Which of the leading Vertical farming market regions accounts for the maximum market share over the forecast years?
What sales estimates every region is expected to hold in the Vertical farming market in the near future?
What is each regional segment’s current valuation?
What are the estimated remunerations of these regions over the forecast timeline?
Table of Content
Chapter 1. Methodology & Sources
Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
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. Market indicators analysis
4.2.2. Market drivers analysis
126.96.36.199. Increased demand for organic products
188.8.131.52. Increasing disposable income
184.108.40.206. Growth of the global population
220.127.116.11. Increasing demand for high quality foods
4.2.3. Market restraints analysis
18.104.22.168. High initial investment
22.214.171.124. Lack of Skilled workforce
126.96.36.199. Present challenging economic conditions due to the pandemic
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 5. Vertical Farming Market By Structure Insights & Trends, Revenue (USD Million), Volume (Kilo Tons)
5.1. Structure Dynamics & Market Share, 2019 & 2027
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