Vertical Farming Market Revenue, Opportunity, Segment and Key Trends 2018-2024: American Hydroponics, General Hydroponics, Plantagon International, Urban Crop Solutions, Mirai, Illumitex, Inc., Everlight Electronics
Vertical Farming Market size will surpass USD 13 billion by 2024. Increasing population rate along with upsurge in food demand will significantly drive the vertical farming market by 2024. Vertical farming is an advanced method and offers numerous benefits over traditional technique such as low dependency on the soil fertility, manpower and less usage of agrochemicals, water, etc.
Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/1525
Based on product, the vertical farming market is segmented into aquatic species, equipment, fruits, vegetables & herbs. Equipment segment includes atmosphere controllers, led grow lights, irrigation systems & pipes. This segment will show a 33% CAGR from 2018 to 2024 as these will help to monitor the farm atmosphere, help crop growth and control the amount of nutrients in solutions.
Hydroponics on the other hand, is one of the most commonly used technologies in vertical farming. Hydroponics holds the largest proportion of vertical farming market share, primarily owing to the fact that the technology is inexpensive to install and is endowed with easy operability. As per estimates, vertical farming market size from hydroponics is anticipated to register a CAGR of 26% over 2018-2024.
Based on technology, the vertical farming market is categorized into hydroponics, aeroponic and aquaponics. Hydroponics segment will show a CAGR of around 26% over the forecast timeframe. Aquaponics is also a popular segment as it involves rearing of fishes and using the waste water from the fish tanks to irrigate the crops for harvesting. Adoption of this technology is limited in industry due to higher maintenance and operational costs of vertical farms using this technology. However, higher profit margins associated with this technology will increase its demand during the forecast years.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & analysis:
1. American Hydroponics
2. General Hydroponics
3. Plantagon International
4. Urban Crop Solutions
5. Mirai, Illumitex, Inc.
6. Everlight Electronics
Vertical Farming Market By Product:
o Lighting systems
o Pumps & irrigation systems
o Environment & climate controllers
o Meters & solutions
• Fruits, vegetables & herbs
o Bell & chili peppers
o Leafy greens (excluding lettuce)
• Aquatic species
Make an inquiry for buying this report @ https://www.gminsights.com/inquiry-before-buying/1525
Powered by the changing food patterns across the APAC, in addition to the declining food self-sufficiency, the governments across the Asia Pacific economies have been undertaking several initiatives to promote vertical farming. Countries such as South Korea, India, China, and Taiwan are expected to be the potential revenue pockets for APAC vertical farming industry in the future.
On application basis there are two types of vertical farming market, namely indoor and outdoor vertical farms. Indoor farms show the growth rate of 28% over the forecast time spell. Indoor farming is extensively practiced controlled environment agriculture (CEA), warehouses and parking. This method plays an important role in satisfying the rising food demand due to increasing population and scarce land under cultivation. Indoor vertical farming helps consume lesser water and gives out more harvest than the traditional farming practiced otherwise. Irrespective of sudden climatic changes, indoor farming helps produce feed in higher quantity without crop damage.
Asia Pacific shows the highest growth rate of about 30% in vertical farming market from 2018 to 2024. The product market has been popular in southeast Asia for the regional difficulties such as land scarcity and high food imports. According to a report by the United Nations, Department of Economic and Social Affairs, the number of cities with 500,000 inhabitants or more is expected to grow by 30% in Asia by 2030. Rising urbanization and the population feeding requirements in countries like India, South Korea, Taiwan and others will propel the Asia-Pacific vertical farming market over the forecast period.
The key players in the vertical farming market are American Hydroponics, Sky Greens, General Hydroponics, Green Spirits Farms, Plantagon International, Urban Crop Solutions, Mirai, Spread, etc. Most of the vertical farming companies are doing contracts with such as Illumitex, Inc., Everlight Electronics., Koninklijke Philips for the lightning systems.
Browse Full Report @ https://bit.ly/2ryeWIO
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Corporate Sales, USA
Global Market Insights, Inc.
Toll Free: 1-888-689-0688
This release was published on openPR.
Permanent link to this press release:
You can edit or delete your press release Vertical Farming Market Revenue, Opportunity, Segment and Key Trends 2018-2024: American Hydroponics, General Hydroponics, Plantagon International, Urban Crop Solutions, Mirai, Illumitex, Inc., Everlight Electronics here
News-ID: 1324020 • Views: 481
More Releases from Global Market Insights, Inc.
Hypochlorite Bleaches Market to hit US$ 300 Mn 2025 | Top Key Players like Adity …
As per the research report by Global Market Insights, Inc., Global Hypochlorite Bleaches Market to cross USD 300 million by 2025 and grow at 3.4% CAGR from 2019 to 2025. It has been projected that the Global hypochlorite bleaches market is expected to reach a consumption of around 485-kilo tons by 2025. Water scarcity as well as rising water costs have led to more emphasis being laid on water recycling and
Feminine Hygiene Products Market: Growing awareness regarding intimate health in …
Global Market Insights, Inc., announces an ongoing comprehensive report on the Feminine Hygiene Products Market. One of the most hushed topics across the world is female hygiene, the negligence of which results in several diseases. Studies claim that nearly 30% to 60 % women across the globe develop urinary tract infection once in their lifetime, mainly due to negligence in proper intimate hygiene. Dearth of knowledge regarding the negative consequences of
Examination Gowns Market 2020 business trends & growth opportunities to 2026
Global Market Insights, Inc., announces an ongoing comprehensive report on the Examination Gowns Market. The exposure to various kinds of hospital acquired infections has led to a spate of health problems for the healthcare professionals as well has the patients. In this regard, experts have been massively shifting to adoption of personal protective equipment or clothing, examination gowns, protecting them from all kinds of infections. These gowns are present in the
Nonwoven Packaging Market to witness increased demand from pharmaceutical sector …
Global Market Insights, Inc., announces an ongoing comprehensive report on the Nonwoven Packaging Market. With the world struggling to fight against negative consequences of industrialization and increased carbon emissions, nonwovens or nonwoven fabrics have emerged as an intrinsic solution for all ecological imbalances across the globe. These fabrics are made from staple fiber and long fibers, merged together by chemical, heat, or mechanical treatment. These are generally used in textile manufacturing
More Releases for Vertical
VERTICAL FARMING BUSINESS
Farming in urban areas has become quite difficult due to the rising population, limited space, a fast pace of living, etc. which are driving the new technologies for cultivating the agricultural produce. Vertical Farming is one of the modern and advanced technologies which helps in growing more food in smaller spaces, offering an opportunity for growing fruits and vegetables in a controlled environment in metropolitan areas. Vertically grown crops require minimum
Vertical Reciprocating Conveyors | Vertical Lift - Technovision
Vertical Reciprocating Conveyor(VRC) Technovision is one of the front Runner in Manufacturing, Supplier & Exporters of Material Handling Equipment and Vertical Reciprocating Conveyor in India With an ISO 9001-2015 Certification. The core focus of the company lies in superior quality and excellent customer services. Vertical Reciprocating Conveyors is widely used to move the material from one floor to another floor with great safety in industrial facilities, stockrooms, warehouse and among numerous others.
Global Vertical Farming Market Share
According to a new report Global Food Thickeners Market, published by KBV research, the Global Food Thickeners Market size is expected to reach $15.0 billion by 2023, rising at a market growth of 4.9% CAGR during the forecast period. The Europe market holds the largest market share in Global Starch Food Thickeners Market by Region in 2016, and would continue to be a dominant market till 2023; growing at a CAGR
Mobile Vertical Growing Systems Market
Mobile Vertical Growing Systems Market will reach xxx Million USD in 2017 and CAGR xx% 2013-2023. The report begins from overview of Industry Chain structure, and describes industry environment, then analyses market size and forecast of Mobile Vertical Growing Systems Market by product, region and application, in addition, this report introduces market competition situation among the vendors and company profile, besides, market price analysis and value chain features are covered
Vertical Farming Market Rport 2017
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 38.01% from 350 million $ in 2013 to 920 million $ in 2016, BisReport analysts believe that in the next few years, Vertical Farming market size will be further expanded,
The rise of Vertical Forests
The financial downturn is not the only thing that is plaguing Italy. Milan is reportedly one of the most polluted European cities so in a bid to combat emissions, the new development of a vertical forest has been unveiled. The design, by architect Stefano Boeri, is a one of a kind concept and incorporates 900 trees in the structure. These act as an oxygenator that filters out fumes from