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The report on Vertical Farming Market by Infinium Global Research analyzes the vertical farming market over the period of 2019 to 2025. This report also provides detailed qualitative and quantitative analyses of the market dynamics, market size and future trends in global vertical farming market. It will help a lot of decision makers to develop strategies and find new opportunities in the global vertical farming market. According to the report, the global vertical farming market is projected to grow at a CAGR of 22.1% over the forecast period of 2019-2025.

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The leading companies in the global vertical farming market are Sky Greens, AeroFarms, Green Spirit Farms, American Hydroponics, General Hydroponics, Mirai Co. Ltd., Spread Co. Ltd., Urban Crops Solutions, Green Sense Farms, Agrilution GmbH, and other companies. Companies are adopting strategies such as mergers, acquisitions, and new product launches maximizing the market share.

Increasing Demand for Organic Foods by Consumers Contributes to the Growth of the Vertical Farming Market

The rising disposable income and urbanization drive the growth of the vertical farming market. The increasing demand for organic foods by consumers contributes to the growth of the vertical farming market. The rising awareness among consumers about organic food consumption stimulates the growth of the vertical farming market. Vertical farming minimizes the intervention of machines used in conventional farming. The balanced energy consumption and suitable use of vertical space propel the growth of the vertical farming market. Vertical farming helps in falling transportation costs and using less water.

Vertical farming involves various technologies that help the growth of plants artificially. These technologies help in tracking plant growth fueling the growth of the vertical farming market. In addition, the growing adoption of plantscapers propels the growth of the vertical farming market. Plantscapers are buildings providing food for its occupants. For instance, Plantagon, a Swedish food tech company has allowed office spaces and buildings to feed a large number of people.

The increasing adoption of independent farming techniques with the lesser impact of climatic conditions propels the growth of the vertical farming market. On the flip side, high initial investments and the huge cost of organic pesticides hamper the growth of the vertical farming market. Moreover, development in the technology used in vertical farming creates novel opportunities for the growth of the vertical farming market.

North America is Expected to Hold A Dominant Share in the Global Vertical Farming Market

Based on geography, the global vertical farming market is divided into North America, Asia-Pacific, Europe, and the Rest of the World. North America is expected to hold a dominant share in the global vertical farming market. The growing research centers in the North America region contribute to the growth of the vertical farming market in North America. Asia-Pacific is anticipated to grow in the global vertical farming market with a healthy CAGR over the forecast period. The rising demand for organic food in the Asia-Pacific region fuels the growth of the vertical farming market. Europe is showing growth in the global vertical farming market. 

Segment Covered

The report on the global vertical farming market covers segments such as farm structure, component, and technology. On the basis of farm structure, the sub-markets include building based structure, and container-based structure. On the basis of components, the sub-markets include irrigation component, lighting, sensor, building material, and other components. On the basis of technology, the sub-markets include hydroponics, aeroponics, and aquaponics.

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Companies Profiled:

The report provides profiles of the companies in the market such as Sky Greens, AeroFarms, Green Spirit Farms, General Hydroponics, Mirai Co. Ltd., Spread Co. Ltd., Urban Crops Solutions, Green Sense Farms, Agrilution GmbH, and Other companies.

Reasons to Buy this Report:

  • Comprehensive analysis of global as well as regional markets of the vertical farming market.
  • Complete coverage of all the product type and application segments to analyze the trends, developments, and forecast of market size up to 2025.
  • Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
  • Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.