Growing Demand for Organic Food and Limited Land Availability for Traditional Agriculture are the Factors That are Driving the Global Vertical Farming Market in the forecast period of 2019 to 2026

Global Vertical Farming Market is expected to register a healthy CAGR of 23.5% in the forecast period of 2019 to 2026. The new market report contains data for the historic year 2017, the base year of calculation is 2018 and the forecast period is 2019 to 2026.

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DRIVERS:

  • Rising concern regarding pollution free environment
  • Growing adoption of advanced technologies for food production

RESTRAINT:

  • High initial investments in vertical farming

OPPORTUNITY:

  • Increasing utilization of IOT sensors in crop production

CHALLENGE:

  • Complexity of horticulture lighting

Market Trends

Global vertical farming market is segmented into six notable segments that are growth mechanism, structure, type, application, crop type and component.

  • On the basis of growth mechanism, the market is segmented into aeroponics, hydroponics, and aquaponics. The hydroponics segment is dominating the market.
  • On the basis of structure, the market is segmented into building-based and shipping container
  • On the basis of type, the market is segmented into biopesticides, biostimulants and biofertilizers
  • On the basis of application, the market is segmented into indoor and outdoor
  • On the basis of crop type, the market is segmented into leafy green, pollinated plants and nutraceutical plants
  • On the basis of component, the market is segmented into lighting, hydroponics components, climate control and sensors

Major Players: Global Vertical Farming Market

The key market players for global vertical farming market are listed below:

  • AeroFarms
  • Gills N Claws Pte Ltd
  • Illumitex Inc.
  • MOFLO aeroponics
  • Sky Greens
  • SPREAD Co., Ltd.
  • Triton Foodworks
  • ZipGrow Inc.
  • Urban Crop Solutions
  • AmHydro
  • EVERLIGHT ELECTRONICS CO., LTD.
  • Agrinamics
  • CropOne
  • PLENTY UNLIMITED INC
  • OSRAM GmbH
  • Valoya
  • Signify Holding
  • HELIOSPECTRA AB
  • Altius Farms
  • CubicFarm Systems Inc.
  • Agrilution
  • Green Sense Farms Holdings, Inc.
  • Bowery Farming, Inc.
  • Infarm