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Vertical Farming Market 2021 - Segmentation Insights and Growth Prediction Repor

Vertical Farming Market 2021 - Segmentation Insights and Growth Prediction Report to 2027

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Vertical Farming Market 2021 - Segmentation Insights and Growth Prediction Repor

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  1. Vertical Farming Market 2021 - Regional Outlook and Future Growth Insights to 2027 • Escalating concerns regarding climate and environmental health worldwide will boost vertical farming market share by 2027. Soaring population levels across the globe, alongside increasing scarcity of farming land, are creating a significant imbalance in food supply and demand. These factors could also contribute to industry expansion over the years ahead. According to a Global Market Insights, Inc. report, the vertical farming market size is poised to surpass $19 billion by 2027. • The vertical farming business landscape is also strengthened by the emergence of conservation and recycling efforts for natural resources, in order to ensure more stable crop production, regardless of climatic conditions. Since vertical farming involves the stacking of multiple shelves of crops, the water used for these applications drains from one raised bed into another, allowing it to be reused. Vertical farming is estimated to utilize nearly 95% less water than conventional farming methods. © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  2. With respect to product, the vertical farming market from the tilapia segment is anticipated to register a 23% CAGR through 2027. It is among the most common aquatic species grown in vertical farms and is known for its better taste and larger size. It thrives in water temperatures under 80-degrees Fahrenheit and can be grown in brackish, fresh, or salty water. • Tilapia is the preferred species for aquaponics, as its wastewater consists of several nutrients crucial for crop cultivation. These are the key driving factors for vertical farming industry expansion over the estimated timeline. • Based on technology, the aeroponics vertical farming segment is gaining rapid traction over the years, as it can aid in the growth of plants in mist/air environments without the need for soil and minimal need for water. Since the technology needs 90% less water as compared to hydroponic systems, takes up less space than regular farming practices, and does not need pest control activities given the absence of soil, it makes farming much more economical and reduced labor costs. • With regards to application, outdoor vertical farming accounts for almost 25% of the overall vertical farming market share. This kind of vertical farming is generally executed in skyscrapers, deserts, high-rise buildings, barren lands, and other structures such as retail outlets, restaurants, etc. Crops can be cultivated on stacked floors or shelves in skyscrapers using LED lighting and can cater to evolving crop demand over the course of the year. © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  3. Request for a Sample Copy of this Report @ https://www.gminsights.com/request-sample/detail/1525 © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  4. Regional Analysis • From a regional perspective, the European vertical farming industry is set to exhibit a commendable CAGR of 20% through 2027, due to the strong presence of prominent equipment manufacturers and vertical farmers in the region. To cite an example, vegetable & fruit supplier Staay Food Group joined hands with electronics firm Philips and RijkZwaan B.V. to contribute to the construction of a 900 sqm vertical farm based in the Netherlands. • Competitive Analysis • The vertical farming market outlook is strengthened substantially by the presence of players like American Hydroponics, Green Spirit Farm, Urban Crop Solutions, Aerofarms, General Hydroponics, Plantagon International., Sky Greens, Mirai Co., Ltd., and Spread Co. • These players are making several strategic moves to create a stronghold in the competitive industry space, including joint ventures, mergers & acquisitions, and product innovations, among others. © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  5. Latest Research Report On Vertical Farming Market @ https://www.gminsights.com/industry-analysis/vertical-farming-market Request for sample of this research report@ https://www.gminsights.com/request-sample/detail/1525 Request for customization: https://www.gminsights.com/roc/1525 © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  6. Stay In Touch You can visit us at: www.gminsights.com Thank You…! © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com www.gminsights.com

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