Vertical Farming Market Analysis br Key Players 2018: Aerofarms, Indoor Harvest Corporation , Illumitex, Inc., Sky Greens, Hort Americas

Vertical Farming Global Market – Overview

The Global Vertical Farming Market is growing with the rapid pace. According to a recent study report published by the Market Research Future, The global market of Vertical Farming will grow moderately over the forecast period. The market is forecasted to witness slow but steady growth by 2022, which will be a surplus growth at a moderate CAGR during the projected period (2016 -2022).

The Vertical Farming Market is driven by the factors such as growing demand for better quality of food, increasing population, less dependency on water & soil and increasing demand due to usages robust systems that produce high yields and keep labour costs low. The companies are investing in commercial greenhouses and indoor farms are widely used among the farmers, Manifestation of agricultural technology is again of the driving factor of the vertical farming market growth. On the other hand, factors such as initial investments expensive in the urban locations, energy consumption of artificial lighting is more and production of high value crops are likely to pose challenges to the Market Growth. Adversely, some predominant trends such as adoption of new technologies, zero usage of pesticides & fertilizers and implementation of artificial lights are certainly going to provide impetus to the market growth of Vertical Farming market.

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Key Players

The key players in the global vertical farming market 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) among others.

Industry/ Innovation/ Related News:
December 5, 2017 – Osram has acquired Munich-based start-up agrilution as to stimulate and manage plant growth and for cultivating plants in greenhouses or indoor spaces. The company is planning to use special LED technology which will provides an optimal growing environment by automatically regulating temperature, watering, and lighting conditions.

Jan. 10, 2017- Indoor Harvest Corp has announced an alliance with OneWorld Business Finance. With this announcement, the company is planning to expand their business offering towards Vertical Farm Development Financing across North America.

July 7, 2017 – AeroFarms is using new technology and high-tech innovation and the latest science, innovation is revolutionizing for vertical farming. With these with innovation and changing industries to incentivize creating the new economic opportunities as well as producing green farming.

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