Europe Vertical Farming Market Destine to Reach USD 3,690.62 Million, with an Excellent CAGR of 25.7%

The vertical farming market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with the CAGR of 25.7% in the forecast period of 2021 to 2028 and is expected to reach USD 3,690.62 million by 2028. Growing production of biopharmaceutical products is acting as major factor for the growth of the market.

Europe is being highly penetrated by the adoption of vertical farming. Europe is emerging market with advanced technologies being developed in the region.
Pollution has major economic consequences in terms of health, lack of productivity, health care costs and disruption to the environment, hence, the growing concerns regarding pollution free environment is driving the growth of the vertical farming market. The limited variety of crops involved in vertical farming lead to economic feasibility which hinders the growth of the vertical farming market. The increasing utilization of IoT sensors in crop production has provided with the ample opportunities for the growth of the vertical farming market. The rising maintenance of air circulation in vertical farming is acting as a major challenge for the vertical farming market.

This vertical farming market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the vertical farming market scenario contact Data Bridge Market Research for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.

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The major players covered in the report Signify Holding, OSRAM GmbH, InFarm - Indoor Urban Farming GmbH, Valoya, Agrilution, Urban Crop Solutions, Heliospectra AB, Valoya among others domestic players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

EUROPE VERTICAL FARMING MARKET SCOPE AND MARKET SIZE
The vertical farming market is segmented on the basis of the growth mechanism, structure, type, crop type, application and component. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

On the basis of growth mechanism, the vertical farming market is segmented into hydroponics, aeroponics and aquaponics. In 2021, hydroponics segment is dominating in the vertical farming market because it is widely used in vertical farming as it involves growing plants in nutrient solutions that are free of soil.

On the basis of structure, the vertical farming market is segmented into shipping containers and building based. In 2021, shipping containers segment is dominating in the vertical farming market as various vegetables are grown such as leafy green vegetables, gourmet, mushroom and strawberries.

On the basis of type, the vertical farming market is segmented into biopesticides, biofertilizer and bio stimulants. In 2021, biopesticides segment is dominating in the vertical farming market due to increasing use of microbial pesticides that help in controlling many kinds of pests even though each separate active ingredient is relatively specific for its target pest.

On the basis of crop type, the vertical farming market is segmented into leafy green, pollinated plants and nutraceutical plant. In 2021, leafy green segment is dominating in the vertical farming market because of wide usage for growing vegetables such as basil, cilantro or chives, fruits, herbs, pharmaceutical plants among others.

On the basis of application, the vertical farming market is segmented into indoor and outdoor. In 2021, indoor segment is dominating in the vertical farming market as the modern ideas of vertical farming use indoor farming techniques and controlled-environment agriculture (CEA) technology where all environmental factors can be controlled.

On the basis of component, the vertical farming market is segmented into lighting, hydroponic component, climate control and sensors. In 2021, lighting segment is dominating in the vertical farming market because it helps to grow plants at faster rate.

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VERTICAL FARMING MARKET COUNTRY LEVEL ANALYSIS
Vertical farming market is analysed and market size information is provided by the country, growth mechanism, structure, type, crop type, application and component as referenced above. The countries covered in vertical farming market report are Germany, U.K., France, Spain, Italy, Netherlands, Switzerland, Russia, Turkey, Belgium and rest of Europe.

Germany is dominating the European region for vertical farming market. In Europe, Germany is using free unutilised space for the production of leaf and the changing preference of the consumer towards organic fresh food is further augmenting its growth.

The report answers questions such as:
What is the market size and forecast of the Europe Vertical Farming Market?
What are the inhibiting factors and impact of COVID-19 shaping the Europe Vertical Farming Market during the forecast period?
Which are the products/segments/applications/areas to invest in over the forecast period in the Europe Vertical Farming Market?
What is the competitive strategic window for opportunities in the Europe Vertical Farming Market?
What are the technology trends and regulatory frameworks in the Europe Vertical Farming Market?
What is the market share of the leading vendors in the Europe Vertical Farming Market?
What modes and strategic moves are considered suitable for entering the Europe Vertical Farming Market?

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