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Rise in popularity of organic food is propelling the growth of Global Vertical Farming Market – Major key players are Aetna Medcity, eClinical Works, RelayHealth, Medecision, Epic Corporation Inc., Cerner Corporation, RelayHealth Corporation, Infor Inc,

01-02-2019 11:21 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Market Data Forecast

Rise in popularity of organic food is propelling the growth

Overview

Vertical farming may be defined as a concept or exercise by using which plants are grown internal controlled surroundings. It is basically the approach by which vegetation are grown without soil and water. Additionally, in vertical farming plants are stacked in layers. Vertical farming is available in exceptional sizes and styles and they use various mechanisms inclusive of hydroponics, aeroponics, among others. Vertical farming is a non-traditional way of developing plants, which permits ease of harvesting, the negligible impact of weather, high yield, minimum usage of pesticides, less vicinity requirement, and much less water consumption.

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The Global Vertical Farming market becomes worth USD 2.5 billion in 2018 and is projected to be growing at a CAGR of 24.5%, to clinch a market really worth of USD 11.61 billion by 2023.

Drivers and Restraints:

The factors contributing to the growth of the vertical farming market are higher excellent of food, growing population, much less dependency on water & soil and increasing demand for food. Additionally, adoption of recent technology, utilization of insecticides & fertilizers and implementation of synthetic lighting fixtures are anticipated to boost the market over the forecast period.

But, factors which include preliminary investments highly-priced in the urban locations, strength intake of synthetic lights is more and manufacturing of excessive price crops are hindering the growth of the vertical farming market.

To know more read: https://www.marketdataforecast.com/market-reports/vertical-farming-market-2700/

Geographic Segmentation

The market is geographically divided into North America, Europe, Asia-Pacific, Latin America and Middle East & Africa. In 2018, North America led the global vertical farming market, taking the primary chew of the market. It is followed by Europe due to easier availability of generation coupled with infrastructure facilities are using the market in those areas. Asia-Pacific is the fastest growing market due to the want to provide for the hastily swelling populace, with restrained land availability.

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The major share holders of the market include Illumitex Inc. (U.S.), Aerofarms (U.S.), Koninklijke Philips N.V. (The Netherlands), and Sky Greens (Singapore) among others.

Scope of the report

The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.

The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.

What else? Apart from the syndicated report, our in-house team has an expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions.

Market Data Forecast is a firm working in the areas of market research, business intelligence and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients.

Abhishek Shukla
Sales Manager at Market Data Forecast
Email: abhishek@marketdataforecast.com
Tel: +1-888-702-9626
Website: www.marketdataforecast.com

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