1. Market Research
  2. > Food Market Trends
Global Vertical Farming Market Analysis & Forecast, 2016-2022

Global Vertical Farming Market Analysis & Forecast, 2016-2022

  • August 2016
  • 96 pages
  • ID: 4818040
  • Format: PDF
  • By BIS Research

Summary

Table of Contents

Description
The emerging need of sustainable farming operations, decreasing arable land and scarcity of natural resources enabled the introduction of vertical farming at the global level. The market largely comprises of growth mechanisms, components and fixtures required for the viable vertical farming operations. The growth in the market is accredited to the overall cost effectiveness of the technology, increasing global food demand and the customization option provided to the users. The global vertical farming market is expected to grow at a CAGR of 27.77% through 2015 to 2022.

The report is a compilation of the different segments of global vertical farming market, including market breakdown by the components, growth mechanisms, and different geographical areas. Herein the revenue generated from the growth mechanism, namely: Aeroponics, hydroponics & others; and components, namely: lighting, hydroponic, climate controls, and sensing components is tracked to calculate the overall market size. While highlighting the key driving and restraining forces for this market, the report also provides a detailed summary of the vertical farming systems. It also includes the key participants involved in the industry at the relevant sections.

The report answers the following questions about the global vertical farming market:
- What are the different factors driving the market and how will the impact change through the forecast period?
- What are the major factors challenging the growth of global vertical farming market and how can they be addressed through the forecast period?
- How will the market players leverage on key developments such as acquisitions, partnerships, and product launch among others?
- Which region will lead the global vertical farming market by the end of the forecast period?
- What are the prevalent components types and what is the market size for each of them?
- What are the prevalent growth mechanisms types and what is the market size for each of them?
- How will the competitive rivalry evolve through the forecast period?
- How are the regulatory bodies participating in the industry?

The report puts special emphasis on the market share of the components employed in vertical farming, owing to the changing paradigms in the industry. In spite of this, due to the high capital investment and lack of government support, a majority of potential new entrants resist from adopting vertical farming methods. The report further includes a thorough analysis of the impact of the five major forces to understand the overall attractiveness of the industry. This segment also focuses on the evolving key trends and value chain of vertical farming industry.

The most often used strategy for developing a better hold on to the market has been through product launches, followed by partnerships & collaborations. Moreover, the company profile section highlights significant information about the key companies involved along with their financial positions, key strategies& developmental activities of recent years.

Further, the report includes an exhaustive analysis of the geographical split into North America, Europe, Asia-Pacific, and Rest of the World (ROW). Each geography details the individual push and pull forces in addition to the key players from that region. The prominent players operating in the global vertical farming market are Aerofarms, Illumitex, Koninklijke Philips, Everlight Electronics, and FarmedHere among others.

Executive Summary
With regard to the growing world population and the rise in the demand for food sufficiency, the limited land resources won’t be sufficient to cater to the current and future demands. Such a situation has led to a stronger emphasis on opting for alternative farming techniques, vertical farming being one of them. In this unconventional farming method, food products are grown in vertically stacked layers by using artificial lighting. The global vertical farming market is expected to grow over $6.81 billion by 2022 at a double digit CAGR through the forecast period.

The option to customize the growing environment, all year round food supply, and minimum overheads and costs are some of the factors responsible for the growth of this market. However, the market consists of certain challenges as well which are inhibiting the overall growth for the market, such as limited market scope, lack of awareness, and high initial investment requirement.

In the technique of vertical farming, the components and fixtures are combined with different growth mechanisms. These components are lighting components, hydroponic components, climate controls, and sensing devices. The replacement of traditional lighting with LED grow lights has led to the domination of lighting components in the market. However, the climate control devices are estimated to grow at the highest CAGR, primarily because these devices are one of the vital requirements for the system in order to manage and customize the environment for growth.

The vertical farming industry provides a range of growing mechanisms to its users. The user can keep the roots of the plant in nutrient solution (hydroponic) or just misting them at regular intervals (aeroponics). The most commonly used growth mechanism i.e. hydroponics is generating the maximum revenue in 2015.An alternate growth mechanism is aeroponics, which is expected to grow at the highest rate.

The market is dominated by Asia-Pacific (APAC)due to a continuous increase in the ratio of urban population and also due to a decline in cultivable land. However, it is expected that Europe will grow at the highest CAGR through 2015 to 2022. North America, with the U.S. leading, will also continue to generate significant revenue through the forecast period.

The competitive landscape for the vertical farming market demonstrates an inclination of companies which are interested in adopting strategies such as collaborations, product launches, mergers, and contracts among others. Some of the key players in the industry are Aerofarms, Everlight Electronics, Illumitex, FarmedHere, Koninklije Philips N.V., and American Hydroponics.

Countries Covered
North America, Europe, Asia Pacific, Rest of the World

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
10% Off

($3999)

  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.
Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers
India Biopower Anlaysis: Market Outlook to 2030, Update 2019

India Biopower Anlaysis: Market Outlook to 2030, Update 2019

  • $ 2500
  • September 2019

India Biopower Anlaysis: Market Outlook to 2030, Update 2019Summary"India Biopower Analysis: Market Outlook to 2030, Update 2019” is the latest report that offer comprehensive information and understanding ...

Bio-ethanol Market - Growth, Trends, and Forecast (2019 - 2024)

Bio-ethanol Market - Growth, Trends, and Forecast (2019 - 2024)

  • $ 4250
  • September 2019

Market OverviewThe market for bio-ethanol is expected to grow at a CAGR of more than 5% during the forecast period of 2019 – 2024. One of the major factor driving the market is the growing demand from ...

United States Geothermal Power Analysis: Market Outlook to 2030, Update 2019

United States Geothermal Power Analysis: Market Outlook to 2030, Update 2019

  • $ 2500
  • August 2019

United States Geothermal Power Analysis: Market Outlook to 2030, Update 2019Summary"United States Geothermal Power Analysis: Market Outlook to 2030, Update 2019” is the latest report, the industry analysis ...


Download Unlimited Documents from Trusted Public Sources

Global Food Forecast Economic Impact

  • December 2019
    5 pages
  • Food  

  • United Kingdom  

    Canada  

    China  

View report >

Milk Industry

  • December 2019
    3 pages
  • Milk  

View report >

Processed Food Trade in Malaysia

  • December 2019
  • Edible Oil  

    Vegetable Oil  

    Palm Oil  

  • Malaysia  

    United States  

    China  

View report >

Meat Supply 1 day ago

Meat Supply 1 day ago

Meat Supply 1 day ago

Meat Industry 1 day ago


ref:plp2016

Reportlinker.com © Copyright 2019. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on