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Vertical farming can be explained as a concept or practice by which crops are grown inside a controlled environment. It is basically the method by which crops are grown without soil and water. Also, in vertical farming crops are stacked in layers. Vertical farming comes in different shapes and sizes and they use various mechanisms such as hydroponics, aeroponics, among others.

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vertical farming market research report forecast

Vertical Farming Market

Research Report:

Forecast to 2022

Vertical Farming Market Research Report- Forecast to 2022

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Copyright © 2017 Market Research Future.

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Vertical Farming Market Research Report- Forecast to 2022

VIEW REPORTS

SAMPLE REPORTS

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Vertical Farming Market Research Report- Forecast to 2022

Market Scenario:

Market Scenario:

Vertical farming can be explained as a concept or practice by which crops are grown inside a controlled

environment. It is basically the method by which crops are grown without soil and water. Also, in

vertical farming crops are stacked in layers. Vertical farming comes in different shapes and sizes and

they use various mechanisms such as hydroponics, geoponics, among others.

The reasons contributing to the growth of vertical farming market are better quality of food, increasing

population, less dependency on water & soil and increasing demand for food. Also, adoption of new

technologies, zero usage of pesticides & fertilizers and implementation of artificial lights are expected

to boost the market over the forecast period. However, factors such as initial investments expensive in

the urban locations, energy consumption of artificial lighting is more and production of high value crops

are hindering the growth of the vertical farming market.

Geographically, North America accounted for the largest market share in the global vertical farming

market, whereas Asia-Pacific is expected to grow at a fast pace over the forecast period, 2016-2022.

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Vertical Farming Market Research Report- Forecast to 2022

1 1Market Overview

Market Overview

Factors such as less usage of fertilizers and pesticides, water conservation, less usage of energy and

growing demand for food production are driving the growth of the vertical farming market. Also, rising

demand for high quality food, independent farming techniques and less impact of climatic conditions are

expected to boost the market over the forecast period. Whereas, high investments and limitations on the

crop types are hampering the growth of the vertical farming market.

The various types of vertical farming are hydroponics, aeroponics and aquaponics. Hydroponics involves

growing of crops in nutrient solutions which are free of soil, Aeroponics is a technique in which plants are

grown in a mist environment without any soil. Aquaponic is a combination of plants and fish in the same

ecosystem. However, Hydroponic type accounted for the largest market share in the vertical farming

market.

Global Vertical Farming Market is estimated to reach USD 6 billion by the end of 2022 with 21% CAGR

during forecast period 2016-2022.

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Vertical Farming Market Research Report- Forecast to 2022

Key Players:

Key Players:

Aerofarms (U.S.),

Indoor Harvest Corporation (U.S.),

Koninklijke Philips N.V. (Netherlands),

Everlight Electronics Co. (Taiwan),

Illumine, Inc. (U.S.),

Sky Greens (Singapore),

Hort Americas (U.S.),

Urban Crop Solutions (Belgium),

Among others.

Vertical Farming Market

Vertical Farming Market: :

According to Market Research Future, market has been segmented into component, crop type, type and

region.

Component:

Hardware

Software

Services

Type

Hydroponic

Aeroponic

Aquaponic

Crop Type

Broccoli

Spinach

Cucumbers

Tomatoes

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Vertical Farming Market Research Report- Forecast to 2022

Market Research Analysis:

Market Research Analysis:

The global vertical farming market is expected to grow significantly over the forecast period, 2016-2022.

Hydroponics of vertical farming market globally drives the market. The market is expected to have

higher growth rate as compared to the previous years.

North-American region accounted for the largest market share because of the technological

advancements, urban growth, environment friendly, increase in demand for food and various grant

programs in US. For instance, USDA Rural Energy for America Program (REAP) helps in energy efficiency

in the rural areas and Illinois Department of Commerce gave grant for LED lights.

However, Asia-Pacific region is expected to grow over the forecast period, 2016-2022 especially in

countries such as China and Japan. For instance, Toshiba converted its old factories for vertical

plantation of crops such as lettuce and basil.

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Vertical Farming Market Research Report- Forecast to 2022

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Copyright © 2017 Market Research Future.