Vertical Farming Market

Vertical Farming Market2020 -2027

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The global Vertical Farming Market will be worth USD11.71 Billion by 2027, according to a current analysis byEmergen Research.

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Industries We Cater to

5

Organic Chemicals, Disinfectants and

Preservatives, Adhesives and

Sealants, Polymers and Resins,

Petrochemicals, Agrochemicals and

Fertilizers, Paints and Coatings

Materials and Chemicals

Data Security, Cloud

Computing, IoT and

Digitalization, Robotics,

Telecom and Networking,

Software and Services,

Analytics, Semiconductor,

Internet and

E-Commerce

Information and Tech

Foods & Beverage, Food Ingredients,

Food Processing and Equipment, Food

Testing and Supply Chain, Health

Food and Sports Nutrition, Frozen

and Processed Food, Household,

Retail

Food & Beverages

Medical Devices, Therapeutics,

Biotechnology, Medical Imaging,

Healthcare IT, Hospital Management,

Diagnostics, Laboratory Equipment,

Pharmaceutical

Pharma & Healthcare

Oil and Gas, Electricity, Energy

Storage, Environmental, Renewable

Energy

Power & Energy

Electric and Hybrid Vehicles,

Off Highway and On Highway

Vehicles, Aftermarket and

Maintenance, Automotive Parts,

Interior and Exterior

Materials, Automotive

electronics and Systems

Automotive Services


The global Vertical Farming Market will be worth USD 11.71 Billion by 2027, according to a current analysis by Emergen

Research. The growth of this market can be attributed to the growing demand for organic food products among consumers.

Growing environmental concerns such as the depletion of soil quality and groundwater on applications of chemical-based

solutions have increased the vertical farming system's adoption.

The reduction in the prices of the light-emitting diode (LED) and the technological advancement in the LEDs help in the

growth of the vertical farming system. The scarcity of space in the densely populated countries has resulted in the

increasing adoption of the vertical farming method. The advantages of growing crops close to urban areas and the

reduction in transportation costs are expected to fuel the vertical farming market's growth over the forecast period.

Key players in the market - Freight Farms, Signify, Osram, Aerofarms, BrightFarms, Everlight Electronics, HELIOSPECTRA AB,

Illumitex, Inc., AGRICOOL, and SKY GREENS, among others.

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Market Summary

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Some Key Highlights From the Report

1. In March 2020, an expansion of collaboration between Signify and Planet Farms, an operator of vertical farms based in Italy, Europe. The collaboration is expected to boost the quality and yield of the crops with the help of the Philips GreenPower LED production.

2. Shipping container-based vertical farms held the largest market share of 63.5% in 2019 due to the scarcity of the arable lands. Moreover, the ease of transportation and less requirement of land for the installation of the shipping container is expected to drive the growth of the segment.

3. The hydroponics segment is forecasted to grow with the fastest CAGR of 20.2% over the forecast period due to the ease of operation and low installation cost.

4. The lighting segment accounted for the largest market share of the vertical farming market in 2019 as the lighting devices help in the faster growth of the plant. The LED lighting technology is increasingly being used by the horticulture farmers due to the enhanced efficiency and long lifespan of the technologically advanced LEDs.

5. The Asia Pacific region held the largest market share of the vertical farming market in 2019 due to the growing demand for food owing to the rising global population. The scarcity of arable lands in the densely populated countries is also a driving factor for the region's growth.

Market Summary

Emergen Research has segmented the global Small Arms Market on the basis of product type, form type, end user and region:

Structure Outlook (Revenue, USD Billion; 2017-2027)Building-basedShipping-container

Growth mechanisms Outlook (Revenue, USD Billion; 2017-2027)AeroponicsHydroponicsAquaponics

Offering Outlook (Revenue, USD Billion; 2017-2027)Climate ControlLightingHydroponic ComponentsSensors

To read more about the report, visit - https://www.emergenresearch.com/industry-report/vertical-farming-market

Market Summary

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MARKET

SEGMENTATION

Parameter Details

Market Size Estimation Period 2020-2028

Base Year Considered 2020

Historical Data 2017-2019

Forecast Period 2021-2028

Quantitative Units Revenue in USD million & CAGR from 2020 to 2028

Segments Covered Types, Application, End-Users, Regions & more.

Countries Included The U.S., Germany, U.K., Italy, China, India, Japan, Brazil

Report CoverageRevenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, and Trends

Regions Scope North America, Europe, Asia Pacific, Latin America, Middle East and Africa

Customization Scope 10 hours of free customization & expert consultation

Pricing and Purchase OptionsExplore Different Purchase Options & Request for Discount to Avail New Year Discount


Regional Share Dynamics

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