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Vertical Farming Market Expected to Witness High Growth over the Forecast Period 2020 - 2025

Author : Ronak Bora | Published Date : 2020-09-08 

Vertical Farming Market is expected to surpass USD 22 billion by 2026. Rising environment and climate concerns across the world will propel vertical farming industry.

Vertical farming market is expected to register substantial traction in the years ahead, amidst burgeoning urbanization, soaring population, depleted soil, and climate change. Hostile weather, along with intensive farming has signified the importance of vertical farming. Modern agriculture uses a range of chemical products and toxic levels of agrochemicals that have posed significant health risks. As if that were not enough, it is predicted that earth’s population will zoom to 9.7 bn by 2050, thereby necessitating the requirement of arable land.

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Amid this scenario, stakeholders expect vertical farming to transpire into a climate-friendly, resource-saving and weather-resistant technology. Prominently, the artificial control of temperature, humidity, light and gases has made producing food indoor conveniently possible.

Engineering the approach of vertical farming to food production would reduce spoilage and world’s seemingly damaged ecosystem may be repaired. Stakeholders envisage vertical farming in urban areas to be a norm which would help reverse current trends in global climate change. Accordingly, creation of sustainable urban environment is set to boost vertical farming market size.

Some major findings of the vertical farming market report include:

  • Escalating global populations and its concerns for food.
  • Increasing investment for green infrastructure.
  • Technology advancements in aeroponics, hydroponics, and aquaponics positively drive vertical farming practice.
  • Perfect competition market with larger number of buyers and seller across the globe. Some of the prominent players in the industry include Plantagon International, AeroFarms, Urban Crop Solutions, Indoor Harvest Corporation and American Hydroponics.

The advent of agriculture has brought about expansion of Europe vertical farming industry size. The governments perceive vertical farming to blur lines between agriculture and technology. Governments are exhorting private entities to enthuse investments in the landscape, thereby fueling vertical farming market forecast. Governments and private entities are minimizing the threshold to make an overarching impact throughout Europe—and across the globe. For instance, a UK-based e-grocer Ocado has poured in over US$ 20 mn in indoor vertical farming. The investment is expected to help Europe meet the ever-increasing food demand and help curb climate change.

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Profound interest in vertical farming and proliferation in investment has instilled confidence among stakeholders as they anticipate vertical farming to help agriculture achieve sustainability in the environmental, economic and societal landscapes. In pursuit of sustainability, leading companies such as Aero Farms, Plantagon International and America Hydroponics are gearing to bolster vertical farming market size.

Table of Contents (ToC) of the report:

Chapter 1. Methodology and Scope

1.1.  Methodology

1.1.1. Initial data exploration

1.1.2. Statistical model and forecast

1.1.3. Industry insights and validation

1.1.4. Definition & forecast parameters

1.2.  Data sources

1.1.1. Secondary

1.1.2. Primary

Chapter 2. Executive Summary

2.1.  Vertical farming market 3600 synopsis, 2016 - 2026

2.1.1. Business trends

2.1.2. Product trends

2.1.3. Technology trends

2.1.4. Application trends

2.1.5. Regional trends

Chapter 3. Vertical Farming Market Insights

3.1.  Industry segmentation

3.2.  Industry size and forecast, 2016 - 2026

3.3.  Industry ecosystem analysis

3.3.1. Vendor matrix

3.3.2. Distribution channel analysis

3.4.  Innovation & sustainability

3.4.1. Patent analysis

3.4.2. Technology landscape

3.5.  Industry impact forces

3.5.1. Growth drivers    Soaring population levels leading to imbalances in food demand and supply    Scarcity of farming land: A major natural resource    Stabilized crop production irrespective of climatic changes    Conservation and recycling of natural resources

3.5.2. Industry pitfalls & challenges    Higher initial investments    Lack of technical acumen    Limitations on the variety of crops grown    High energy consumption (light, air conditioning)

3.6.  Regulatory landscape

3.6.1. U.S.

3.6.2. Asia Pacific

3.6.3. Europe

3.7.  Growth potential analysis

3.8.  Competitive landscape, 2018

3.8.1.    Company market share, 2018

3.8.2.    Strategy dashboard

3.9.    Porter’s analysis

3.9.1.    Supplier power

3.9.2.    Buyer power

3.9.3.    Threat of new entrants

3.9.4.    Threat of substitutes

3.9.5.    Industry rivalry

3.10.  PESTEL analysis

3.11.  Cost structure analysis

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/vertical-farming-market

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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