Vertical Farming Market 2021 Segments to Grow at a Highest CAGR| Signify, Osram, Freight Farms, AeroFarms, Sky Greens

Vertical Farming Market report involves historic data along with a future forecast and detailed analysis on a global, local and regional level. This market document has been formed by taking into thought numerous aspects of marketing research and analysis that can be enlisted as market size estimations, market dynamics, company & market best practices, entry-level marketing strategies, positioning and segmentation, competitive landscaping, opportunity analysis, economic forecasting, industry-specific technology solutions, roadmap analysis, targeting key buying criteria, and in-depth benchmarking of vendor offerings. The market definition included in this Vertical Farming Market research report provides the scope of a particular product with respect to the driving factors and restraints in the market.

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Vertical Farming Market with COVID-19 Impact Analysis by Growth Mechanism (Hydroponics, Aeroponics, and Aquaponics), Structure (Building Based and Shipping Container), Offering, Crop Type, and Region - Global Forecast to 2025 The vertical farming market is projected to reach USD 7.3 billion by 2025 from USD 2.9 billion in 2020; it is expected to grow at a CAGR of 20.2% during the forecast period.

The major topics have been covered in this Vertical Farming Market report and include market definition, market segmentation, key developments in the market, competitive analysis, and research methodology. In this report, thorough investment analysis is offered which forecasts imminent opportunities for the market players and develops the strategies to grow return on investment (ROI). Estimations about the rise or fall of the CAGR value for a specific forecast period, market drivers, market restraints, and competitive strategies are assessed in this industry report. The Vertical Farming Market research report gives answers to many of the critical business questions and challenges.

Top Company Profiles:

Signify (Netherlands), Osram (Germany), Freight Farms (US), AeroFarms (US), Sky Greens (Singapore), Spread Co., Ltd. (Japan), Plenty (US), Valoya (Finland), Everlight Electronics Co., Ltd. (Taiwan), and Heliospectra (Sweden) are a few major players in the vertical farming market.

Reasons to Buy the Report:

This report includes statistics pertaining to the vertical farming market based on growth mechanism, structure, crop type, offering, and region, along with their respective market sizes.

Major drivers, restraints, opportunities, and challenges for the vertical farming market have been provided in detail in this report.

The report includes illustrative segmentation, analysis, and forecast for the vertical farming market based on its segments and sub-segments.

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“Hydroponics segment projected to hold the largest share of the vertical farming market during the forecast period.”

Hydroponics mechanism is easier to set up, has a higher return on investments (RoI), and incur less cost than other mechanisms. With maximum amount of water recycled with minimal wastage, hydroponics is the most water-efficient method of farming. On the contrary, aeroponics requires a high initial investment and plants can die in just a few hours due to malfunctioning or failure of mist spraying nozzles. As hydroponics provides more advantages than other mechanisms it is used widely by commercial growers.

“Among structure, the shipping container vertical farms segment to grow at a higer CAGR between 2020 and 2025.”

The vertical farming market is largely dominated by the building-based vertical farms segment as leading companies in the market are involved in this type of farming. However, the market for shipping container-based vertical farms is likely to register a higher CAGR as it is a ready-to-use (plug and play model) solution that can help to cater to the rising demand for fresh and high-quality produce. A shipping container-based vertical farm is ideal for serving a small base of consumer, nevertheless, can be ineffective and costly to serve a larger consumer base. Shipping container-based vertical farms are flexible, easy to operate, and portable. The rising demand for fresh produce is expected to create notable growth opportunities for this segment in the next few years.

“Lighting to hold the largest share of the vertical farming hardware market during the forecast period.”

Sunlight is a vital resource in traditional farming. However, vertical farming highly depends on artificial lights. Artificial light acts as a substitute for the sunlight and is required to provide sufficient light intensities that enable crop growth. The amount and duration of the light are the main aspects considered while providing lighting for plants. Lights either provide a light spectrum like that of the sun or a spectrum that caters to the needs of the plants. Outdoor lighting conditions can be created with varying colors, temperatures, and spectral outputs from the grow lights, as well as varying the intensity output of the lamps.

“APAC projected to hold the largest share of the vertical farming market in 2025.”

APAC is the base to numerous small and large vertical farms operating in different countries of the region. Countries in APAC are densely populated, and the number is increasing exponentially. This certainly creates a demand to have a substitute for conventional farming as it lacks the capacity to serve the growing population. Vertical farming reduces the dependency on field farming and aids in avoiding the need for new farmland due to the increasing need for food. Countries such as China, Singapore, Hong Kong, South Korea, and Japan are technologically equipped, complementing the growth opportunities for the vertical farming market. The growth of the vertical farming market in this region can also be attributed to the increasing awareness about alternative farming methods and limited agricultural fertile land.

Breakdown of profiles of primary participants:

By Company Type: Tier 1 = 40%, Tier 2 = 45%, and Tier 3 = 15%
By Designation: C-level Executives = 40%, Directors = 30%, and Others = 30%
By Region: North America = 20%, Europe = 35%, APAC = 30%, and RoW = 15%

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Table Of Contents

1 Introduction
1.1 Study Objectives
1.2 Market Definition And Scope
1.2.1 Inclusions And Exclusions
1.3 Study Scope
1.3.1 Markets Covered
1.3.2 Years Considered
1.4 Currency
1.5 Limitations
1.6 Stakeholders
1.7 Summary Of Changes

2 Research Methodology
2.1 Research Data
Figure 1 Vertical Farming Market: Process Flow Of Market Size Estimation
Figure 2 Vertical Farming Market: Research Design
2.1.1 Secondary Data
2.1.1.1 Secondary Sources
2.1.2 Primary Data
2.1.2.1 Breakdown Of Primaries
2.1.2.2 Key Data From Primary Sources
2.1.2.3 Key Industry Insights
2.1.3 Secondary And Primary Research
2.2 Market Size Estimation
Figure 3 Market Size Estimation Methodology: Approach 1 (Supply Side): Revenue Generated By Companies From Hardware/Software/ Services Offered In Vertical Farming Market
Figure 4 Market Size Estimation Methodology: Approach 2 (Demand Side): Market For Vertical Farming By Different Regions
2.2.1 Bottom-Up Approach
2.2.1.1 Approach For Obtaining Market Size Using Bottom-Up Analysis
Figure 5 Market Size Estimation Methodology: Bottom-Up Approach
2.2.2 Top-Down Approach
2.2.2.1 Approach For Obtaining Market Size Using Top-Down Analysis
Figure 6 Market Size Estimation Methodology: Top-Down Approach
2.3 Market Breakdown And Data Triangulation
Figure 7 Data Triangulation
2.4 Research Assumptions
Figure 8 Assumptions For Research Study

3 Executive Summary
Figure 9 Hydroponics Growth Mechanism Segment To Dominate Vertical Farming Market During The Forecast Period
Figure 10 Shipping Container-Based Vertical Farms Segment To Exhibit A Higher Cagr During The Forecast Period
Figure 11 Lettuce Are The Most Commonly Grown Crops Across Different Vertical Farms
Figure 12 Services To Register Highest Growth Among Offering In Vertical Farming Market During The Forecast Period
Figure 13 Apac To Dominate Vertical Farming Market During The Forecast Period
3.1 Covid-19 Impact On Vertical Farming Market
Figure 14 Vertical Farming Market – Scenario Analysis

4 Premium Insights
4.1 Attractive Opportunities In Vertical Farming Market
Figure 15 Advancements In Led Lighting Solutions To Boost The Growth Of Vertical Farming Market
4.2 Vertical Farming Market In Apac, By Growth Mechanism And Structure
Figure 16 Hydroponics Growth Mechanism And Building-Based Vertical Farms Segments Held Largest Market Shares In Apac, In 2019
4.3 Vertical Farming Market, By Hardware
Figure 17 Lighting Segment To Dominate Market During The Forecast Period
4.4 Country-Wise Vertical Farming Market Growth Rate
Figure 18 China To Record Highest Cagr In Vertical Farming Market During The Forecast Period

5 Market Overview
5.1 Market Dynamics
Figure 19 Vertical Farming Market: Drivers, Restraints, Opportunities, And Challenges
5.1.1 Drivers
Figure 20 Vertical Farming Market Drivers And Their Impact
5.1.1.1 High Yield And Numerous Other Benefits Associated With Vertical Farming Over Conventional Farming
5.1.1.2 Advancements In Light-Emitting Diode (Led) Technology
5.1.1.3 Year-Round Crop Production Irrespective Of Weather Conditions
Figure 21 Damage And Loss To Crops, By Type Of Calamity (2003–2016)
5.1.1.4 Requirement Of Minimum Resources
Figure 22 World Population (2015–2050)
5.1.2 Restrains
Figure 23 Vertical Farming Market Restraints And Their Impact
5.1.2.1 Lack Of Skilled Workforce And Technical Know-How, And Limited Crop Range
5.1.2.2 High Initial Investments
5.1.3 Opportunities
Figure 24 Vertical Farming Market Opportunities And Their Impact
5.1.3.1 Positive Impacts On The Environment To Increase The Adoption Of Vertical Farming
5.1.3.2 Potential Market Opportunities In Apac And The Middle East
5.1.3.3 Cannabis Cultivation Through Vertical Farming
5.1.4 Challenges
Figure 25 Vertical Farming Market Challenges And Their Impact
5.1.4.1 Maintenance Of Air Circulation In A Vertical Farm
5.1.4.2 Vertical Farming On A Large Scale

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