According to a new market research report published by Global Insight Services ” Vertical Farming Market is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Vertical farming is a type of agriculture where crops are grown in vertically stacked layers in a controlled environment. Vertical farms can be built indoors or outdoors, and can be used to grow a variety of crops.
Vertical farming offers a number of advantages over traditional farming methods. First, vertical farms can be located in urban areas, which reduces the need for farmland. Second, vertical farms can be built to any size, making them scalable to meet the needs of any community. Third, vertical farms can be controlled for temperature, humidity, and light, allowing crops to be grown year-round. Fourth, vertical farms can use less water than traditional farms, and can recycle water and nutrients, making them more sustainable.
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Key Players
- Signify
- Freight Farms
- AeroFarms
- sky Greens
- Valoya
- Heliospectra AB
- GreenSense Farms
- Bowery Farming
- BrightFarms
Key Trends
Vertical farming is a type of agriculture where crops are grown in vertically stacked layers in a controlled environment. Vertical farming uses less land, water, and other resources than traditional farming methods, and can be used to produce food in locations where traditional farming is not possible.
Some of the key trends in vertical farming technology include:
- The use of LED lighting to provide the plants with the correct spectrum of light for photosynthesis.
- The use of hydroponics or aeroponics to grow plants without soil.
- The use of sensors and data analytics to monitor and optimize plant growth.
- The use of robotics and automation to reduce labor costs.
Key Drivers
The key drivers of the vertical farming market are the increasing demand for fresh and organic produce, the need for efficient land use, and the need for year-round production.
The demand for fresh and organic produce is increasing as consumers become more health-conscious. Vertical farming allows for the production of pesticide-free and chemical-free produce.
The need for efficient land use is a driver for vertical farming. With the world population expected to reach 9.7 billion by 2050, the demand for food will increase. Vertical farming uses less land than traditional farming, making it a more efficient use of resources.
The need for year-round production is another driver for vertical farming. Traditional farming is limited by the seasons, but vertical farming can produce food year-round. This is especially beneficial in areas with long winters or little sunlight.
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Market Segments
By Technology
- Hydroponics
- Aeroponics
- Aquaponics
By Structure
- Building-based vertical farm
- Shipping container-based vertical farm
By Crop Type
- Lettuce
- Pepper
- Broccoli
- Cucumber
- Spinach
- Tomato
- Others
Reasons to buy Vertical Farming Market Report:
- Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
- Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
- Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
- Develop business and M&A strategies through understanding of latest trends and emerging players in the market
- Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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Key Questions answered in the report:
- How is the market structured and what the key drivers and trends of this industry?
- How is the market segmented and what is the size of each segment?
- Which segments and geographies provide best growth opportunities?
- What’s the competitive landscape and positioning of players in this market?
- What is the impact of latest events such as Covid-19 and Russia-Ukraine conflict on the market?
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