Press release
Vertical Farming Market – Challenges, Key Vendors, Drivers and Trends by Forecast to 2022
Market Research Future published a research report on “Global Vertical Farming Market Research Report - Forecast to 2022”- Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2022.
According to Market Research Future Analysis, Vertical Farming Market has been valued at USD 6 billion by 2022 growing with 26% of CAGR during forecast period 2016 to 2022.
Vertical farming is an innovative technique with architectural design intervention, which minimizes land usage, while still sufficing the fierce demand of food. Vertical Farming is basically indoor agriculture where food grows on trays or hanging modules in Bioclimatic buildings that respond to climate by controlling it. These facilities or buildings create an artificial environment within them and allows certain types of produce to be grown year round without pesticides or natural sunlight. Post harvesting produces can reach to consumers within few hours.
Major Key Players:
• include Agrilution (Germany)
• Aerofarms (U.S.)
• Indoor Harvest Corporation (U.S.)
• Koninklijke Philips N.V. (Netherlands)
• Everlight Electronics co.(Taiwan),
• Illumitex, Inc. (U.S.)
• Sky Greens (Singapore)
• Hort Americas (U.S.)
• Urban Crop Solutions (Belgium)
Request a Sample Report @ https://www.marketresearchfuture.com/sample_request/2779
Although, Vertical Farming is a viable form of agricultural practice that supports effective and efficient harvest with only 5% of water usage for five times more the yield, with up to 350 times more greens than conventional farms of similar size, is yet not cost effective. Vertical Farming requires an initial capital investment of $200 to 500 million. Also, one of the biggest challenges associated with Vertical Farming is energy usage cost from the lighting technology, coupled with the cost of purchase and implementation of solar tubes, LEDs, mirrors, drain & sewerage treatment plant, rotational carousels, robotics, sensors, and controlled environments is actually more of a commodity. This factor perhaps may hinder the market growth during the forecasted period. Adversely, increasing investments transpired in to R&D activities by vendors or companies operating to develop with adept technology with unrivalled design and features coupled with technological advancement will provide impetus to the market growth depleting the issues such as federal budgeting etc. during the anticipated period.
Industry / Innovation News around the World:
In May 2017, World’s first solar-powered, indoor vertical farm was operational in Philadelphia. Behind this are Future-farming experts of Metropolis Farms. Although the City hosts only about eight acres of urban farming due to lack of traditional agricultural land, Metropolis Farms seeks to take advantage of the urban jungle to provide a new model for local agriculture in the city. Metropolis Farms has installed a 500 kilowatt solar array composed of over 2,000 solar panels, which will be used to power the indoor vertical operation. The company plans to produce the equivalent of 660 acres of traditional farmland on less than 100,000 square
October 18, 2017
Agriculture and technology company ‘Local Grown Salads’ embarks upon Vertical Farming in collaboration with join handed (collaborates) with Canada South Science City and support from Unifor Skilled Trades.
October 03, 2017
Ikea, a furnishing company debuted an indoor farm that grows greens three times faster than a garden
Space10, Ikea's innovation lab, has designed a prototype of a mini-farm that can grow greens and herbs indoors.
Segments:
For the purpose of this study, Market Research Future has segmented the market of vertical farming into component, type, crop type and region.
Component
• Hardware
• Software
• Services
Type
• Hydroponic
• Aeroponic
• Aquaponic
Crop Type
• Broccoli
• Spinach
• Cucumbers
• Tomatoes
• Lettuce
• Peppers
• Strawberries
• Others
Region
• North-America
• Europe
• Asia-Pacific
• RoW
Browse Full Report Details @ https://www.marketresearchfuture.com/reports/vertical-farming-market-2779
Key questions answered in this report
• What will the market size be in 2022 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Contact:
Market Research Future
Office No. 524/528, Amanora Chambers
Magarpatta Road, Hadapsar
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email: sales@marketresearchfuture.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Vertical Farming Market – Challenges, Key Vendors, Drivers and Trends by Forecast to 2022 here
News-ID: 852878 • Views: …
More Releases from Market Research Future
Hydrofluoric Acid Market (CAGR) of 4%, Innovation Imperative Future Proofing You …
Hydrofluoric acid (HF) is a crucial chemical compound with a wide range of applications across various industries. Despite its hazardous nature, it plays an essential role in manufacturing processes, especially in the production of fluorine compounds. The global hydrofluoric acid market has been witnessing steady growth, driven by demand from end-user industries such as oil refining, pharmaceuticals, and electronics.
The Hydrodesulfurization Catalysts Market is projected to register a CAGR of over…
Palm Methyl Ester Derivative Market Size Projected to Grow at 5.92% CAGR, Reachi …
In recent years, the global market for palm methyl ester derivatives has witnessed significant growth, driven by various factors including environmental concerns, technological advancements, and the increasing demand for sustainable alternatives in various industries. Palm methyl ester derivatives, derived from palm oil, have emerged as versatile ingredients with applications spanning across sectors such as cosmetics, pharmaceuticals, lubricants, and more.
The Palm Methyl Ester Derivative Market Size was valued at USD 1.5…
Asia-Pacific Ceramic Tiles Market to Register Highest CAGR Growth of 7.50% by 20 …
The Asia-Pacific ceramic tiles market has been witnessing robust growth, driven by various factors such as increasing investments in residential and commercial construction, renovation activities, and the growing preference for aesthetically pleasing and durable flooring solutions. Countries like China, India, Japan, and South Korea have been leading the market growth, supported by strong manufacturing capabilities, technological advancements, and evolving consumer preferences.
Asia-Pacific Ceramic Tiles Market Size was valued at USD 141.2…
APAC Wallpaper Market to Register Highest CAGR Growth of 8% by 2032: Analysis by …
The APAC wallpaper market has witnessed significant growth in recent years, driven by factors such as rising disposable incomes, expanding construction activities, and growing awareness regarding interior decor. Countries like China, India, Japan, South Korea, and Australia have emerged as key contributors to the region's wallpaper market. Additionally, the increasing adoption of innovative wallpaper designs and patterns is fueling market growth further.
APAC Wallpaper Market Size was valued at USD 0.55…
More Releases for Vertical
Vertical Application Software Market To See Huge Growth and Size by 2028, Applic …
The Latest "Vertical Application Software Market" report provides a valuable set of very comprehensive and detailed information on the global Vertical Application Software market. This data helps both existing industrial manufacturers and emerging competitors to gain their market knowledge. The Vertical Application Software market also studied the revenue share, SWOT analysis, development status, capacity, and forecast details. The main objective of this report is to help the user understand the…
Demand of Vertical Farming Crops Market| Vertical farming refers to a type of in …
An informative data report titled Vertical Farming Crops Market was published by the insight partner. It takes a closer look at the different aspects of the businesses, that are responsible for fuelling the growth of the companies. The research report also provides deep insights into the global market revenue, parent market trends, macro-economic indicators, and governing factors, along with market attractiveness per market segment.
Due to the increased focus on health…
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 System/Module Market 2018: Metropolis, Urban, Vertical, …
The latest report entitled Global Vertical Farming System/Module Market 2018 by QY Market Research offers the extensive and top to bottom research analysis of the key regional industry existing of the Vertical Farming System/Module market on a global level. This research report mainly focuses on the core regions such as North & South America, Europe, Africa, South & Middle East Asia and Australia and additionally the global top countries like…
Auto Vertical Doors Market Global Research 2017-2022 Vertical Doors, LSD Doors, …
Auto Vertical Doors Market Research 2017
A market study ” Global Auto Vertical Doors Market ” will help you understand, formulate and implement strategic decisions by offering critical data, insights and analysis from technology as well as commercial perspective on the Auto Vertical Doors market. It encloses an in-depth Research of the Auto Vertical Doors market state and the competitive landscape globally. This report consist of comprehensive market data, on a…
