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Vertical Farming Market Overview with In-Depth Analysis and Forecast (2020-2026)

Author : Ronak Bora | Published Date : 2020-09-17 

Robust indoor urban farming through the establishment of high-rise farms will encourage players in vertical farming market amid burgeoning human population. According to a new report by the United Nation, earth’s population is expected to reach 9.7 bn by the middle of this century—world population will swell by another 2 bn. Moreover, arable lands are succumbing to proliferating urbanization and industrial development. Scientists have rung the alarm bell stating the planet has lost third of its arable lands in the past 4 decades.

With increased urbanization, soaring population, depleted soil, climate change, producing enough food to sustain the world has become more of a challenge. New technological developments witnessed in vertical farming is striving to offer pragmatic solution amidst burgeoning urbanization.

Vertical farming has a lot to offer and appears like the farm of the future. Even though there are few stumbling blocks, it provides robust plans to handle future demand for food. In line with the it, Global Market Insights, Inc. delves into top trends that are likely to fuel vertical farming market forecast by 2026.

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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.

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.

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.decresearch.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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