Vertical Farming Market Size, Share, Segments, Trends, Business Opportunities, Manufacturers, Drivers and Restraint Research Report by 2027

The global Vertical Farming Market will be worth USD 11.71 Billion by 2027, according to a current analysis by Emergen Research. The growth of this market can be attributed to the growing demand for organic food products among consumers. Growing environmental concerns such as the depletion of soil quality and groundwater on applications of chemical-based solutions have increased the vertical farming system's adoption. The reduction in the prices of the light-emitting diode (LED) and the technological advancement in the LEDs help in the growth of the vertical farming system.

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The report offers thorough industry-wide and economy-wide analyses of the global Vertical Farming industry, drawing the focus of the readers on the supply and demand dynamics, sales, and production and manufacturing capacity. By evaluating the production and consumption rates, sales network and distribution channels, pricing analysis, profit margins, cost and demand volatility, import/export dynamics, and gross market revenue, the study extensively elaborates on the present market scenario. An in-depth analysis of the crucial aspects of the market, such as drivers, restraints, limitations, growth prospects, macro- and micro-economic factors, and other key elements, is also included in the study.

Key Highlights From The Report

• In March 2020, an expansion of collaboration between Signify and Planet Farms, an operator of vertical farms based in Italy, Europe. The collaboration is expected to boost the quality and yield of the crops with the help of the Philips GreenPower LED production.
• Shipping container-based vertical farms held the largest market share of 63.5% in 2019 due to the scarcity of the arable lands. Moreover, the ease of transportation and less requirement of land for the installation of the shipping container is expected to drive the growth of the segment.
• The Asia Pacific region held the largest market share of the vertical farming market in 2019 due to the growing demand for food owing to the rising global population. The scarcity of arable lands in the densely populated countries is also a driving factor for the region's growth.
• Key participants include Freight Farms, Signify, Osram, Aerofarms, BrightFarms, Everlight Electronics, HELIOSPECTRA AB, Illumitex, Inc., AGRICOOL, and SKY GREENS, among others.

Vertical Farming Market Segmentation:

Emergen Research has segmented the global Vertical Farming Market on the basis of Structure, Growth mechanisms, Offering, and region:

• Structure Outlook (Revenue, USD Billion; 2017-2027)
o Building-based
o Shipping-container
• Growth mechanisms Outlook (Revenue, USD Billion; 2017-2027)
o Aeroponics
o Hydroponics
o Aquaponics
• Offering Outlook (Revenue, USD Billion; 2017-2027)
o Climate Control
o Lighting
o Hydroponic Components
o Sensors

The study offers key insights into the strengths and weaknesses of the prominent players through an extensive SWOT analysis and Porter’s Five Forces analysis. The report also covers the segmentation of the market based on product types, application spectrum, and key regions. The investigative study assesses the global Vertical Farming market with regards to market size, market share, and revenue. The global Vertical Farming market, on the basis of region, has been broadly categorized into several key regions, including North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. The report sheds light on the presence of the global Vertical Farming market in the major regions with regards to market share, market size, revenue contribution, sales network and distribution channel, and various other key elements.

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Key Coverage of the Vertical Farming Market:

• Insightful information regarding the global Vertical Farming market
• Identification of growth in various segments and sub-segments of the Vertical Farming market
• Strategic recommendations for investment opportunities
• The report covers significant statistics related to the industry along with products, applications, price analysis, demand & supply, and production and consumptions rate
• Emerging trends and current market segment analysis to help investors formulate new business strategies
• Accelerates the decision-making process through the availability of the drivers and limitations

Table of Content

Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Vertical Farming Market Segmentation & Impact Analysis
4.1. Vertical Farming Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Increased demand for organic products
4.2.2.2. Increasing disposable income
4.2.2.3. Growth of the global population
4.2.2.4. Increasing demand for high quality foods
4.2.3. Market restraints analysis
4.2.3.1. High initial investment
4.2.3.2. Lack of Skilled workforce
4.2.3.3. Present challenging economic conditions due to the pandemic
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis

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