According to the new market research report by IndustryARC, titled “Vertical Farming Market By Type (Mixed-use, Despommier skyscrapers, others) By Application (Agricultural, Aquaculture and Others), By Technologies (Hydroponics, Aeroponics, Others), By Components (Pumps, LEDs, Others) & By Geography – Forecast(2018 – 2023)”, the market is driven by improvement in the irrigation techniques and development of synthetic nitrogen fertilizers.
Asia Pacific to dominate the Vertical Farming Market
Asia Pacific will dominate the vertical farming market due to the increasing awareness about the importance of alternative farming, less availability of agricultural land and increasing population. Europe will have a significant growth due to the expansion of the genetically modified crop technology. The growing adoption of nano technology and robotics for farming enhances the demand for vertical farming in the region. The growth of urban population along with the commercialization of indoor farming will drive the market demand in Africa.
Selected Regulatory Analysis done in the full Report:
The indoor vertical farm is the biggest segment in the Vertical Farming Market. The indoor farms consist of growing fruits, vegetables and fishes in warehouses, parking lots, controlled environments and shipping. The shipping container based farming is popular in US and China, as these farms provide higher incomes apart from the seasonal changes that affect the quality of the outdoor crop. The controlled environment agriculture is also becoming popular. This factor will drive the demand for indoor vertical farming.
Selected Driving Factors Mentioned in the Full Report:
- The growing popularity of organic foods will drive the growth of vertical farming systems in the coming years.
- The growing depletion of ground water and changing climatic conditions compel the farmers to adopt alternate farming methods. This factor is crucial for the growth of vertical agriculture system during the forecast period.
- The commercialization of indoor farming will also propel the demand for vertical farming in the future.
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Key Players of the Vertical Farming Market
The key players of the Vertical Farming Market include AeroFarm LLC, Mirai Co. Ltd., SkyGreen Co.Ltd, and FarmedHere LLC. AeroFarm LLC provides agricultural research, farm and development and other food services. Mirai Co. Ltd provides contract services for plant factories and conventional hydroponic cultivation devices. It even produces hydroponic crops. FarmedHere LLC provides salad greens, fresh basils and mints and sweet basil vinaigrettes.
Vertical Farming Market is segmented as below
The growth in urban population and the decrease in arable land will drive the demand for vertical farming.
A. Vertical Farming Market By Types
1. Mixed-use skyscrapers
2. Despommier's skyscrapers
3. Stackable shipping containers
B. Vertical Farming Market By Technologies
1. Hydroponics
1.1. Wick System
1.2. Water Culture
1.3. EBB and Flow(Flood and drain)
1.4. Drip System
1.5. Nutrient Film Technique
1.6. Others
2. Aeroponics
2.1. HPA (High Pressure Aeroponics)
2.2. LPA (Low Pressure Aeroponics)
C. Vertical Farming Market By Components
1. Pumps
2. Power Adaptor
3. Solar Panel
4. LED Lighting
5. Anaerobic Digester
6. Wind Turbines
7. Suspension Cables
8. Others
D. Vertical Farming Market By Application
1. Agricultural sub system
2. Aquacultural sub system
3. Food Processing sub system
4. Waste Management sub system
5. Others
E. Vertical Farming Market By Geography(14+ countries)
F. Vertical Farming Market Entropy
G. Company Profiles
1. AeroFarm LLC
2. Vertical farm systems PTY Ltd.
3. Terrasphere System LLC
4. FastCompany Inc.
5. Spread Co.
6. Sharp Corporation
7. Fujitsu Ltd.
8. Panasonic Ltd.
9. Toshiba Ltd.
10. Mirai Co. Ltd.
11. Company 15+
H. Appendix: Abbreviations, Sources, Research Methodology, Bibliography, Compilation of Experts, Disclaimer.
Related Report:
- Organic Farming Market
- Precision Farming and Tools Market
What can you expect from the report?
The Vertical Farming Market Report is Prepared with the Main Agenda to Cover the following 20 points:
1. Market Size by Product Categories
2. Market trends
3. Manufacturer Landscape
4. Distributor Landscape
5. Pricing Analysis
6. Top 10 End user Analysis
7. Product Benchmarking
8. Product Developments
9. Mergers & Acquisition Analysis
10. Patent Analysis
11. Demand Analysis (By Revenue & Volume)
12. Country level Analysis (15+)
13. Competitor Analysis
14. Market Shares Analysis
15. Value Chain Analysis
16. Supply Chain Analysis
17. Strategic Analysis
18. Current & Future Market Landscape Analysis
19. Opportunity Analysis
20. Revenue and Volume Analysis
Does IndustryARC publish country, geography or application based reports in Vertical Farming?
Yes, we do have separate reports and database as mentioned below
1. Vertical Farming Market(2018-2023)
2. America Vertical Farming Market(2018-2023)
3. Europe Vertical Farming Market(2018-2023)
4. Asia Pacific Vertical Farming Market(2018-2023)
5. Row Vertical Farming Market(2018-2023)
6. Agricultural sub system Vertical Farming Market(2018-2023)
7. Aqua cultural sub system Vertical Farming Market(2018-2023)
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Does IndustryARC provide customized reports and charge additionally for limited customization?
Yes, we can customize the report by extracting data from our database of reports and annual subscription databases. We can provide the following free customization:
1. Increase the level of data in application or end user industry.
2. Increase the number of countries in geography or product chapter.
3. Find out market shares for other smaller companies or companies which are of interest to you
4. Company profiles can be requested based on your interest.
5. Patent analysis, pricing, product analysis, product benchmarking, value and supply chain analysis can be requested for a country or end use segment.
Any other major customizations can be discussed with our team and can provide a separate quote based on your requirements. You can drop an e-mail to sales@industryarc.com to discuss more about our consulting services.
About IndustryARC:
IndustryARC is a Research and Consulting Firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences &Healthcare.
IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications in a Market. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business.
We look forward to support the client to be able to better address their customer needs, stay ahead in the market, become the top competitor and get real-time recommendations on business strategies and deals. Contact us to find out how we can help you today.
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