Vertical Farming Market Analysis, Size, Growth, Share, Outlook & Forecast to 2025
The global vertical farming market size is anticipated to reach USD 9.96 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 21.3% over the forecast period. Increased use of Internet of Things (IoT) sensors for producing crops is likely to spur the market demand over the forecast period. Information obtained from the sensors is stored on the cloud and analyzed to perform the required actions. Growing automation in agriculture and increasing use of big data and predictive analytics for maximizing yields are also likely to drive the market. Vertical farming is effective in ensuring the stability in the crop production and maintaining reliability even in adverse climatic conditions. It provides multiple benefits over traditional farming technique, such as less use of water, lesser need of agrochemicals, and low dependence on agricultural labors. Vertical farming makes use of metal reflectors and artificial lighting to maximize natural sunlight. Genetically modified organisms and environmental and health effects of pesticides and other non-natural substances that are used for increasing agricultural production have encouraged the consumers to adopt organic foods. According to the Organic Trade Association, the U.S. organic industry sales increased by around 11% in 2018, owing to increased investment in infrastructure and education. As per the Organic Foods Production Act of 1990, the handlers and growers of organic products need to comply with the regulations.
Browse Details of Report @ https://www.grandviewresearch.com/industry-analysis/verticalfarming-market Hydroponic system is a method of growing plants without soil. A hydroponic system eliminates the need for pesticides and artificial ripening agents and helps in producing nutritionally-rich vegetables. However, factors such as high initial investment and fewer crop varieties are likely to restrain the market growth. Vertical Farming Market Report Highlights
Escalating production of biopharmaceutical products is anticipated to drive the market
The building-based segment is expected to register a CAGR of 23.6% in terms of revenue over the projected period
The climate control segment is expected to expand at a high CAGR over the forecast period as the crop growth can be controlled by monitoring and adjusting the concentration of minerals
The aeroponics segment is expected to witness considerable growth over the forecast period, as the aeroponics facilitate faster growth in plants (under normal conditions)
The market in Europe is expected to witness significant growth over the forecast period owing to expansion of small-scale and commercial vertical farms
Key players of the market include BrightFarms (U.S.), Everlight Electronics Co., Ltd. (Taiwan), and Green Sense Farms, LLC (U.S.).
Vertical Farming Market Segmentation Grand View Research has segmented the global vertical farming market on the basis of structure, offering, growing mechanism, fruits, vegetables & herbs, and region: Vertical Farming Structure Outlook (Revenue, USD Million, 2014 - 2025)
Shipping Container
Building-based
Vertical Farming Offering Outlook (Revenue, USD Million, 2014 - 2025)
Lighting
Hydroponic Components
Climate Control
Sensors
Vertical Farming Growing Mechanism Outlook (Revenue, USD Million, 2014 - 2025)
Hydroponics
Aeroponics
Aquaponics
Get Sample of Report @ https://www.grandviewresearch.com/industry-analysis/verticalfarming-market/request/rs1? Vertical Farming Fruits, Vegetables & Herbs Outlook (Revenue, USD Million, 2014 - 2025)
Tomato
Lettuce
Bell & Chili Peppers
Strawberry
Cucumber
Leafy Greens (excluding lettuce)
Herbs
Others
Vertical Farming Regional Outlook (Revenue, USD Million, 2014 - 2025)
North America o
U.S.
o
Canada
o
Mexico
Europe o
Germany
o
U.K.
o
France
Asia Pacific o
China
o
India
o
Japan
South America o
Brazil
Middle East and Africa (MEA)
Table of Content
Chapter 1. Methodology and Scope 1.1. Research Methodology 1.2. Research Scope & Assumptions 1.3. List of Data Sources Chapter 2. Executive Summary 2.1. Vertical Farming - Industry Snapshot & Key Buying Criteria, 2014 - 2025 Chapter 3. Industry Outlook 3.1. Market Segmentation & Scope 3.2. Vertical Farming Market Size and Growth Prospects 3.3. Vertical Farming - Value Chain Analysis 3.4. Market Dynamics 3.4.1. Market driver analysis 3.4.2. Market restraint analysis 3.4.3. Market challenge analysis 3.5. Key Opportunities - Prioritized 3.6. Vertical Farming- Key Company Analysis, 2015 3.6.1. Key company analysis, 2015 3.7. Industry Analysis - Porter’s 3.8. Vertical Farming- PEST Analysis Continue………
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