Global Vertical Farming Market Size was valued nearly USD 2.51 billion by 2018 and is estimated to reach up to USD xx.xx billion by 2025. According to latest study conducted by our analysts and industry experts, the global market is expected to grow at a CAGR of 23.87% during the forecast period, i.e. 2017-2025. The growth of the vertical farming market can be attributed to the growing adoption of environment-friendly production of fruits and vegetables from a wide range of end-users are the major factors of the market growth during the forecast years. Increasing automation in agriculture and increasing use of big data and predictive analytics for maximizing yields are also likely to boost the market.  

Global Market Growth Opportunities (Revenue, Growth) By 2017-2025

This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global vertical farming market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2025. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global vertical farming market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.   

Market Analysis

The global vertical farming market showed crucial growth in the recent years and is anticipated to witness a steep rise by generating an estimated revenue of US$ xx.xx over the forecast period. According to latest study conducted by our analysts and industry experts, the global market is expected to grow at a CAGR of 23.87% during the forecast period, i.e. 2017-2025 owing to growing urbanization, quality food and organic fruits with no use of pesticides and herbicides, and advance farming technique with low impact on agriculture cultivation and climatic conditions.

Based on growth mechanism, the global vertical farming market is segmented into hydroponics, aeroponics, and aquaponics. In 2017, the hydroponics growth mechanism segment held the major share of the market in terms of growth and is projected to calculate significant growth and demand during the forecast period owing to growing adaptation growth mechanism due to less complexity in implementation. The aeroponics growth mechanism is estimated to grow at the fastest CAGR rate between 2018 and 2025.

Based on hardware offering types, the global vertical farming market has been classified into hardware, software, and service. The lighting device and hydroponic growth mechanism segment is projected to dominate the vertical farming market during the forecast period because of increasing research and technological advancements in the robotics and automation sector for vertical farming is witnessing the demand for consulting, integration, and support services.

Regional Analysis

The global vertical farming market is divided into regions that are North America - U.S, Canada, Other) (Asia-Pacific -India, Japan, China, Australia, Other) (Europe - UK, Russia, France, Brazil, Other) (Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players. In 2017, The Asia Pacific dominated the industry and is estimated to remain dominant in the next six years, in terms of revenue due to increasing awareness regarding the importance of alternative farming technique, availability of fertile agricultural land, technological advanced and population rate is the key factor projected to propel the market demand. The Europe is projected to register healthy growth during the forecast period because of increasing demand of organic food demand and need to alternative farming technique, advance technology, adoption of nanotechnology and robotics for farming enhances the regional market growth and demand. The Africa is projected to show measurable growth due to increasing urban population and commercialization of indoor farming.  

Global Vertical Farming Market Size, Share Analysis By Region 2017

Global Vertical Farming Market Study Objective

1. To forecast the market size of vertical farming market, along with describing and defining the market, in terms of volume and revenue.

2. Market analysis and forecast of vertical farming market on the basis of region, substrate and application or end-use industry.

3. To analyze and elaborate significant factors that will have major impact on the growth of vertical farming market, such as drivers, restraints, challenges and opportunities.

4. Regional analysis of vertical farming market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa and Asia Pacific.

5. Strategic analysis of micromarkets, in terms of individual prospects, opportunities, growth trends and their involvement in overall market.

6. To provide detailed analysis of competitive and strategic developments in the vertical farming market like new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.

7. Analysis of market opportunities for stakeholders, in order to provide a competitive landscape for global market players.

8. To profile major market players, and to analyze their market shares and essential competencies comprehensively.

Key Players

The major kay players in the vertical farming market which will contribute healthy growth in regional and global market over the forecast period that key players are AeroFarms; Illumitex, Inc.; and American Hydroponics, Koninklijke Philips N.V., Sky Greens, FarmedHere and others.

Global Vertical Farming Market Study Report Offer You!

The global market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.