The growing demand for organic food and the scarcity of natural resources are driving the demand of the market.

Market Size – USD 2.90 billion in 2019, Market Growth - CAGR of 20.1%, Market Trends – Increasing utilization of hydroponics method.  

The report provides Vertical Farming market forecast, supported by detailed insights historical data and revenues, past and current market trends, industry trends, consumer trends, market size, market share, market growth, along with ranging impacts of each factor and driver. It also provides analysis of various factors expected to restrain or limit potential growth in market size over the forecast period, 2020–2028. The report includes profiles of major players in the market, strategies being employed, mergers, acquisitions, recent developments, agreements, contracts, new product development and launches, segment revenue, investment details as well as financials.

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Global Vertical Farming market forecast has been provided following thorough study, focus, comparison, and analysis of a varying range of factors and past market forecast and present outcomes. Vertical Farming Market forecast is made possible through, but has not been limited to, a study and analysis of a variety of factors and trends, and these are verified through interviews with industry experts and companies operating in the market.

Rising focus by major companies on product/service expansion into new and untapped domestic markets, increasing investments in strategic agreements, favourable government policies and regulations, and growing competition in the market are some major trends observed in the Vertical Farming market. Development of more advanced offerings is driving rising demand and deployment in respective sectors/industries, and this is expected to drive Vertical Farming market revenue growth to a significant extent over the forecast period.

Top key vendors in Vertical Farming Market include are:

  • Key participants include Freight Farms, Signify, Osram, Aerofarms, BrightFarms, Everlight Electronics, HELIOSPECTRA AB, Illumitex, Inc., AGRICOOL, and SKY GREENS, among others.

Emergen Research has segmented the global Vertical Farming Market on the basis of Structure, Growth mechanisms, Offering, and region:

  • Structure Outlook (Revenue, USD Billion; 2017-2027)
    • Building-based
    • Shipping-container
  • Growth mechanisms Outlook (Revenue, USD Billion; 2017-2027)
    • Aeroponics
    • Hydroponics
    • Aquaponics
  • Offering Outlook (Revenue, USD Billion; 2017-2027)
    • Climate Control
    • Lighting
    • Hydroponic Components
    • Sensors

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Incorporated with Info-graphics, charts, 70 tables and 85 figures, this 250-page research report “Vertical Farming Market Size, Type, Application, End-Use Industry, Regional Outlook, Competitive Strategies and Forecasts, 2020 - 2027” is based on a complete research of the entire Global market and covering all its sub-segments through comprehensively thorough classifications. Insightful analysis and assessment are created from superior primary and secondary information sources with data and information derived from industry specialists across the value chain.

Region wise performance of the Vertical Farming industry

North America Vertical Farming market forecast is expected to remain significantly positive in terms of revenue share between 2020 and 2028. In addition, North America Vertical Farming market revenue share is expected to remain comparatively larger than that of other regional markets from 2020 to 2028.

Asia Pacific registered fastest revenue CAGR in 2020, and the Vertical Farming market forecast is that this trend is expected to continue going ahead. Market forecast states that revenue share contribution from China, India, and South Korea is expected to remain robust till 2028.

Europe Vertical Farming market forecast is positive currently, with revenue growth expected to remain steady between 2020 and 2028. Robust focus on research and development initiatives by major firms and changing trends and demographics in countries in the region are some factors expected to continue to support Vertical Farming market growth.

Geographically, this report studies the key regions, focuses on product sales, value, market share and growth opportunity in these regions, covering:

  • United States
  • Europe
  • China
  • Japan
  • Southeast Asia
  • India

We can also provide the customized separate regional or country-level reports, for the following regions:

North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central & South America, Brazil, Argentina, Rest of South America, Middle East & Africa, Saudi Arabia, Turkey, Rest of Middle East & Africa

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The research provides answers to the following key questions:

  • What will be the growth rate and the market size of the Vertical Farming industry for the forecast period 2020-2027?
  • What are the major driving forces expected to impact the development of the Vertical Farming market across different regions?
  • Who are the major driving forces expected to decide the fate of the Vertical Farming industry worldwide?
  • Who are the prominent market players making a mark in the Vertical Farming market with their winning strategies?
  • Which Vertical Farming industry trends are likely to shape the future of the industry during the forecast period 2020-2027?
  • What are the key barriers and threats believed to hinder the development of the industry?
  • What are the future opportunities in the Vertical Farming market?

Table of Content

Chapter 1. Methodology & Sources

    1.1. Vertical Farming Market Definition

    1.2. Research Scope 

    1.3. Methodology

    1.4. Research Sources

          1.4.1. Primary

          1.4.2. Secondary

          1.4.3. Paid Sources

    1.5. Vertical Farming Market Estimation Technique

Chapter 2. Executive Summary

    2.1. Summary Snapshot, 2021-2028

Chapter 3. Key Insights

Chapter 4. Vertical Farming Market Segmentation & Impact Analysis

    4.1. Vertical Farming Market Material Segmentation Analysis

    4.2. Industrial Outlook

          4.2.1. Vertical Farming Market indicators analysis

          4.2.2. Vertical Farming Market drivers analysis

                    4.2.2.1. Rapid urbanization and industrialization

                    4.2.2.2. Stringent government regulations regarding carbon emissions

                    4.2.2.3. Increasing prevalence of respiratory diseases

                    4.2.2.4. Rising need to enhance indoor air quality

          4.2.3. Vertical Farming Market restraints analysis

                    4.2.3.1. High cost associated with the maintenance of Vertical Farming products

                    4.2.3.2. Availability of renewable sources of energy

    4.3. Technological Insights

    4.4. Regulatory Framework

    4.5. Porter’s Five Forces Analysis

    4.6. Competitive Metric Space Analysis

    4.7. Price trend Analysis

    4.8. Covid-19 Impact Analysis

Chapter 10. Competitive Landscape

    10.1. Vertical Farming Market Revenue Share By Manufacturers

    10.2. Mergers & Acquisitions

    10.3. Competitor’s Positioning

    10.4. Strategy Benchmarking

    10.5. Vendor Landscape

          10.5.1. Raw Material Suppliers

                    10.5.1.1. North America

                    10.5.1.2. Europe

                    10.5.1.3. Asia Pacific

                    10.5.1.4. Middle East & Africa

                    10.5.1.5. Latin America

          10.5.2. Distributors

                    10.5.2.1. North America

                    10.5.2.2. Europe

                    10.5.2.3. Asia Pacific

                    10.5.2.4. Middle East & Africa

                    10.5.2.5. Latin America

          10.5.3. Others

Continued….

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