Why vertical farming market gaining more traction during coming future? Know More
The global vertical farming industry accounted for $2.23 billion in 2018, and is expected to garner $12.77 billion by 2026, registering a CAGR of 24.6% from 2019 to 2026.
Download Sample Report: https://www.alliedmarketresearch.com/request-sample/2288
The building-based vertical farms segment to maintain its dominant position by 2026
Based on structure, the building-based vertical farms segment contributed for the highest market share in the global vertical farming market in 2018, accounting for nearly three-fifths of the total share, and is expected to maintain its dominant position during the forecast period. This is due to rise in urban population, shortage of arable land, and rapid surge in the adoption of novel food production techniques. However, the shipping container based vertical farms segment is expected to grow at the highest rate with a CAGR of 28.1% from 2019 to 2026, owing to less cost and time required for construction as compared to conventional agriculture.
The hydroponics segment to maintain its lead during the forecast period
Based on growth mechanism, the hydroponics segment held around two-fifths of the total market share of the global vertical farming market in 2018, and will maintain its leadership status during the forecast period. This is due to increase in prominence owing to its ability to manufacture more nutritious eatables in less space along with reduction of the cost associated with maintenance and labors. Moreover, it can avoid usage of animal excreta that makes this process cleaner. On the other hand, the aeroponics segment is estimated to register the highest CAGR of 25.6% from 2019 to 2026, owing to reduced waste generation, labor cost, and minimal water requirement for producing fruits and vegetables.
Asia-Pacific to continue its dominance throughout the forecast period followed by North America
Asia-Pacific held the dominant share, contributing to nearly half of the total share of the global vertical farming market in 2018, and will continue its dominance throughout the forecast period. This is due to the shift in consumer preferences, surge in pollution, food scandals, and rise in distaste that led to the growth of indoor farming and organic food in the region. North America would contribute the second-highest market share. However, Europe is estimated to register the largest growth rate, with a CAGR of 26.0% from 2019 to 2026, owing to increase in the concerns toward the availability of water in some regions, which makes vertical farming an ideal solution as it consumes 90% less water than traditional farming and increases yield by nearly 70%. Moreover, it offers food security.
Enquire For Discount: https://www.alliedmarketresearch.com/purchase-enquiry/2288
Leading Market Players
- 4D Bios Inc.
- AMHYDRO (American Hydroponics)
- Everlight Electronics Co., Ltd.
- Hort Americas
- Illumitex Inc.
- Koninklijke Philips N.V.
- Urban Crop Solutions
- Sky Greens
Article Source: https://bit.ly/2SAoyB5
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
5933 NE Win Sivers Drive
#205, Portland, OR 97220
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
This release was published on openPR.
Permanent link to this press release:
You can edit or delete your press release Why vertical farming market gaining more traction during coming future? Know More here
News-ID: 1924485 • Views: 164
More Releases from Allied Market Research
North America Geogrid Market 2020 Segmentation, Demand, Growth, Trend, Opportuni …
According to the report published by Allied Market Research, the North America geogrid market generated $282.0 million in 2019, and is estimated to reach $408.25 million by 2027, registering a CAGR of 7.0% from 2020 to 2027. The report offers an extensive analysis of changing market dynamics, key winning strategies, business performance, major segments, and competitive scenarios. Surge in infrastructure development activities across the U.S. and Mexico and superior physical properties
Intravenous Immunoglobulin (IVIG) Market 2020 In-Depth Analysis of Industry Shar …
Global intravenous immunoglobulin market accounted for $8,995 million in 2017, and is projected to reach $15,964 million by 2025, registering a CAGR of 7.5% from 2018 to 2025. Immunoglobulin (Ig) is a plasma-derived product, which is obtained from the serum of healthy donors. The isolated plasma product is clinically treated and purified to Ig, which can be further used in the treatment of patients with antibody deficiency. Intravenous immunoglobulin (IVIG) finds
Asthma and COPD Drugs Market Is Expected to Witness a Steady Growth by 2026
"Asthma and COPD Drugs Market by Disease and Medication Class - Global Opportunity Analysis and Industry Forecasts, 2014-2022", projects that the global market for Asthma and COPD Drugs was valued at $38,960 million in 2015 and would reach $50,359 million by 2022, registering a CAGR of 3.7% from 2016 to 2022. Asthma segment dominated the market in 2015 and expected to continue its dominance throughout the forecast period. North America
Synthetic Biology Market in Global Industry by Top Companies, Type and Applicati …
Global Synthetic biology market is forecast to reach $38.7 billion by 2020, at a CAGR of 44.2% during the forecast period (2014 - 2020). Europe occupies largest share in the global market and would hold-on to its position throughout 2020. However, Asia Pacific is the fastest growing market with a CAGR of 46.4% from 2014 - 2020. Read Full Report @ https://www.alliedmarketresearch.com/synthetic-biology-market Synthetic biology is at a nascent stage and has recently
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