Vertical Farming Market Size will increase to 5800 Million US$ by 2022 | Worldwide Key Players - Aerofarms Illumitex, Agrilution, Urban


Posted November 21, 2018 by amarsasane

“Vertical Farming Market” report includes - Industry Future Trends, Growth Opportunity, Experts reviews and forecast period (2018-2022).

 
Global Vertical Farming Market overview:

With the slowdown in world economic growth, the Vertical Farming industry has also suffered a certain impact, but still maintained a relatively optimistic growth, the past four years, Vertical Farming market size to maintain the average annual growth rate of 24.71% from 990 million $ in 2014 to 1920 million $ in 2017, Market analysts believe that in the next few years, Vertical Farming market size will be further expanded, we expect that by 2022, The market size of the Vertical Farming will reach 5800 million $.

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The Global Vertical Farming Market, are a decrease in arable land, climb in popularity of organic food, and increase in urban population. Increasing awareness among people regarding the significance of alternative farming due to increasing population and less accessibility to agricultural lands that are fertile is the key factor that is expected to spur the industry demand. The Recent commercialization of indoor farming and exponential growth in the urban population is fuelling the market growth. In order to overcome such challenges sack gardens and vertically stacked wooden crates are helping a lot. However, huge capital investment, limited access to water and land, and involvement of promising technology may hamper the market growth.

Global Vertical Farming Market is segmented on the basis of Offering, Structure, Growth Mechanism, Crop Type and Region. Based on Offering segment into of all the major hardware offerings, the lighting device and hydroponic growth mechanism is expected to dominate the vertical farming market. The services segment is expected to witness the highest growth in the vertical farming market. The growing research and technological advancements related to robotics and automation in vertical farming is increasing the demand for consulting, integration, and support services.

On the basis Growth Mechanisms segment the hydroponics growth mechanism held the major share of the vertical farming market in 2018 as this is a widely adopted growth mechanism because of the less complexity in implementation. The Aeroponics growth mechanism is expected to grow at the highest CAGR between 2018 and 2022. Aeroponics growth mechanism is advantageous as it facilitates faster plant growth, wherein more number of plants could be grown in lesser time than under normal conditions.

As per the Geographic Analysis, North America is projected to remain the largest vertical farming market throughout the period of analysis. Although small residential urban farming in the region has been around for decades, commercial urban farming has gained traction in the last few years. The region is witnessing a growing inclination towards this farming technology.

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Major Key Players:

1 Koninklijke Philips N.V.

2 Aerofarms

3 Sky Greens

4 Illumitex, Inc.

5 Everlight Electronics Co., Ltd.

6 Green Sense Farms, Llc

7 Agrilution

8 American Hydroponics

9 Urban Crops

10 Vertical Farm Systems

Market segment by Regions/Countries, this report covers:

1 North America Country (United States, Canada)

2 South America

3 Asia Country (China, Japan, India, Korea)

4 Europe Country (Germany, UK, France, Italy)

5 Other Country (Middle East, Africa, GCC)

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Table of Contents:

Global Vertical Farming Market Report 2018

1 Vertical Farming Definition

2 Global Vertical Farming Market Major Player Share and Market Overview

3 Major Player Vertical Farming Business Introduction

4 Global Vertical Farming Market Segmentation (Region Level)

5 Global Vertical Farming Market Segmentation (Product Type Level)

6 Global Vertical Farming Market Segmentation (Industry Level)

7 Global Vertical Farming Market Segmentation (Channel Level)

8 Vertical Farming Market Forecast 2018-2022

9 Vertical Farming Segmentation Type

10 Vertical Farming Segmentation Industry

11 Vertical Farming Cost Analysis

12 Conclusion

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Categories Agriculture , Services , Technology
Tags aerofarms , agrilution , global vertical farming market , illumitex , vertical farming , vertical farming industry analysis , vertical farming market , vertical farming market size
Last Updated November 21, 2018