The global vertical farming market accounted for $2.30 billion in 2018, and is expected to garner $12.87 billion by 2026, registering a CAGR of 24.4% from 2019 to 2026.
Maximum utilization of vertical space & balanced energy utilization, ease provided for crop monitoring and harvesting, and limited availability of arable land for traditional agriculture fuel the growth of the global vertical farming market. However, high initial investments and development phase of technologies restrain the market growth. On the other hand, surge in urban population and rise in popularity of organic foods create new opportunities in the industry.
The report analyzes and forecasts the vertical farming market at global and regional levels. The market has been forecast based on volume (Tons) and value (US$ Mn) from 2019 to 2026. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report comprises a detailed value chain analysis, which provides a comprehensive view of the global vertical farming market. The Porter’s Five Forces model has also been included to help understand the competitive landscape of the market. The study encompasses market attractiveness analysis, wherein various applications have been benchmarked based on their market size, growth rate, and general attractiveness.
The study provides a decisive view of the vertical farming market by segmenting it in terms of form and application. The segment has been analyzed based on the present and future trends. Regional segmentation includes the current and projected demand in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
The report provides size (in terms of volume and value) of vertical farming market for the base year 2018 and the forecast between 2019 and 2026. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
Competitive Analysis
The key players profiled in the report include 4D Bios Inc., AeroFarms, Agrilution, AMHYDRO (American Hydroponics), Everlight Electronics Co., Ltd, Hort Americas, Illumitex Inc., Koninklijke Philips N.V., Urban Crop Solutions, and Sky Greens. These key players have adopted strategies, such as product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations to enhance their position in vertical farming market.
Market Segmentation:
By Structure
Building-based Vertical Farms
Container-based Vertical Farms
By Component
Irrigation Component
Lighting
Sensor
Climate Control
Building Material
Glass Greenhouse
Plastic Greenhouse
Others
By Growth Mechanism
Hydroponics
Aeroponics
Aquaponics
By Region
North America
Europe
Asia-Pacific
LAMEA
Research Methodology:
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
Primary research represents a bulk of research efforts, supplemented by extensive secondary research. Annual reports, press releases, and relevant documents of key players operating in various application areas have been reviewed for competition analysis and market understanding.
Secondary research also includes recent trends, technical writing, Internet sources, and statistical data from government websites, trade associations, and agencies. These have proved to be reliable, effective, and successful approaches for obtaining precise market data, capturing market participants’ insights, and recognizing business opportunities.
The study objectives of this report are:
Table of Content
Section 1: Introduction
1.1. Report description
1.2. Key benefits for stakeholders
1.3. Key market segments
1.4. Research methodology
1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models
Section 2: Executive summary
2.1. CXO perspective
Section 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top impacting factors
3.2.2. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Market dynamics
3.4.1. Drivers
3.4.1.1. Optimum use of vertical space and balanced energy utilization
3.4.1.2. Ease of crop monitoring and harvesting
3.4.1.3. Increase in popularity of organic foods
3.4.1.4. Limited arable land for traditional agriculture
3.4.2. Restraints
3.4.2.1. High initial investments
3.4.2.2. Developmental phase of technologies used
3.4.3. Opportunity
3.4.3.1. Increase in urban population
Section 4: Vertical Farming MARKet, BY structure
4.1. Overview
4.2. Building-based vertical farms
4.2.1. Key market trends, growth factors, and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market analysis, by country
4.3. Shipping-container-based vertical farms
4.3.1. Key market trends, growth factors, and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market analysis, by country
Section 5: Vertical Farming MARKet, BY Growth mechnism
5.1. Overview
5.2. Hydroponics
5.2.1. Key market trends, growth factors, and opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market analysis, by country
5.3. Aeroponics
5.3.1. Key market trends, growth factors, and opportunities
5.3.2. Market size and forecast, by region
5.3.3. Market analysis, by country
5.4. Aquaponics
5.4.1. Key market trends, growth factors, and opportunities
5.4.2. Market size and forecast, by region
5.4.3. Market analysis, by country
Section 6: VERTICAL FARMING MARKET, BY COMPONENT
6.1. OVERVIEW
6.2. Irrigation components
6.2.1. Key market trends, growth factors, and opportunities
6.2.2. Market size and forecast, by region
6.2.3. Market analysis, by country
6.3. Lighting
6.3.1. Key market trends, growth factors, and opportunities
6.3.2. Market size and forecast, by region
6.3.3. Market analysis, by country
6.4. Sensor
6.4.1. Key market trends, growth factors, and opportunities
6.4.2. Market size and forecast, by region
6.4.3. Market analysis, by country
6.5. Climate control
6.5.1. Key market trends, growth factors, and opportunities
6.5.2. Market size and forecast, by region
6.5.3. Market analysis, by country
6.6. Building materials
6.6.1. Key market trends, growth factors, and opportunities
6.6.2. Market size and forecast, by region
6.6.2.1. Glass greenhouse
6.6.2.2. Plastic greenhouse
6.6.3. Market analysis, by country
6.7. Others
6.7.1. Key market trends, growth factors, and opportunities
6.7.2. Market size and forecast, by region
6.7.3. Market analysis, by country
Section 7: Vertical Farming MARKet, BY Region
7.1. Overview
7.2. North America
7.2.1. Key market trends, growth factors, and opportunities
7.2.2. Market size and forecast, by structure
7.2.3. Market size and forecast, by growth mechanism
7.2.4. Market size and forecast, by component
7.2.5. Market analysis, by country
7.2.5.1. U.S.
7.2.5.1.1. Market size and forecast, by type
7.2.5.1.2. Market size and forecast, by growth mechanism
7.2.5.1.3. Market size and forecast, by component
7.2.5.2. CANADA
7.2.5.2.1. Market size and forecast, by type
7.2.5.2.2. Market size and forecast, by growth mechanism
7.2.5.2.3. Market size and forecast, by component
7.2.5.3. MEXICO
7.2.5.3.1. Market size and forecast, by type
7.2.5.3.2. Market size and forecast, by growth mechanism
7.2.5.3.3. Market size and forecast, by component
7.3. Europe
7.3.1. Key market trends, growth factors, and opportunities
7.3.2. Market size and forecast, by structure
7.3.3. Market size and forecast, by growth mechanism
7.3.4. Market size and forecast, by component
7.3.5. Market analysis, by country
7.3.5.1. UK
7.3.5.1.1. Market size and forecast, by type
7.3.5.1.2. Market size and forecast, by growth mechanism
7.3.5.1.3. Market size and forecast, by component
7.3.5.2. GERMANY
7.3.5.2.1. Market size and forecast, by type
7.3.5.2.2. Market size and forecast, by growth mechanism
7.3.5.2.3. Market size and forecast, by component
7.3.5.3. FRANCE
7.3.5.3.1. Market size and forecast, by type
7.3.5.3.2. Market size and forecast, by growth mechanism
7.3.5.3.3. Market size and forecast, by component
7.3.5.4. NETHERLANDS
7.3.5.4.1. Market size and forecast, by type
7.3.5.4.2. Market size and forecast, by growth mechanism
7.3.5.4.3. Market size and forecast, by component
7.3.5.5. REST OF EUROPE
7.3.5.5.1. Market size and forecast, by type
7.3.5.5.2. Market size and forecast, by growth mechanism
7.3.5.5.3. Market size and forecast, by component
7.4. Asia-Pacific
7.4.1. Key market trends, growth factors, and opportunities
7.4.2. Market size and forecast, by structure
7.4.3. Market size and forecast, by growth mechanism
7.4.4. Market size and forecast, by component
7.4.5. Market analysis, by country
7.4.5.1. CHINA
7.4.5.1.1. Market size and forecast, by type
7.4.5.1.2. Market size and forecast, by growth mechanism
7.4.5.1.3. Market size and forecast, by component
7.4.5.2. INDIA
7.4.5.2.1. Market size and forecast, by type
7.4.5.2.2. Market size and forecast, by growth mechanism
7.4.5.2.3. Market size and forecast, by component
7.4.5.3. JAPAN
7.4.5.3.1. Market size and forecast, by type
7.4.5.3.2. Market size and forecast, by growth mechanism
7.4.5.3.3. Market size and forecast, by component
7.4.5.4. AUSTRALIA
7.4.5.4.1. Market size and forecast, by type
7.4.5.4.2. Market size and forecast, by growth mechanism
7.4.5.4.3. Market size and forecast, by component
7.4.5.5. SINGAPORE
7.4.5.5.1. Market size and forecast, by type
7.4.5.5.2. Market size and forecast, by growth mechanism
7.4.5.5.3. Market size and forecast, by component
7.4.5.6. REST OF ASIA-PACIFIC
7.4.5.6.1. Market size and forecast, by type
7.4.5.6.2. Market size and forecast, by growth mechanism
7.4.5.6.3. Market size and forecast, by component
7.5. LAMEA
7.5.1. Key market trends, growth factors, and opportunities
7.5.2. Market size and forecast, by structure
7.5.3. Market size and forecast, by growth mechanism
7.5.4. Market size and forecast, by component
7.5.5. Market analysis, by country
7.5.5.1. BRAZIL
7.5.5.1.1. Market size and forecast, by type
7.5.5.1.2. Market size and forecast, by growth mechanism
7.5.5.1.3. Market size and forecast, by component
7.5.5.2. SAUDI ARABIA
7.5.5.2.1. Market size and forecast, by type
7.5.5.2.2. Market size and forecast, by growth mechanism
7.5.5.2.3. Market size and forecast, by component
7.5.5.3. SOUTH AFRICA
7.5.5.3.1. Market size and forecast, by type
7.5.5.3.2. Market size and forecast, by growth mechanism
7.5.5.3.3. Market size and forecast, by component
7.5.5.4. REST OF LAMEA
7.5.5.4.1. Market size and forecast, by type
7.5.5.4.2. Market size and forecast, by growth mechanism
7.5.5.4.3. Market size and forecast, by component
Section 8: COMPETITIVE LANDSCAPE
8.1. Introduction
8.2. Top Winning Strategies
8.3. Product mapping of top 10 player
8.4. Competitive dashboard
8.5. Competitive heatmap
Section 9: Company Profile
9.1. 4D BIOS INC.
9.1.1. Company overview
9.1.2. Company snapshot
9.1.3. Product portfolio
9.2. AEROFARMS
9.2.1. Company overview
9.2.2. Company snapshot
9.2.3. Product portfolio
9.2.4. Farms
9.2.5. Key strategic moves and developments
9.3. AGRILUTION
9.3.1. Company overview
9.3.2. Company snapshot
9.3.3. Product portfolio
9.4. AMHYDRO (AMERICAN HYDROPONICS)
9.4.1. Company overview
9.4.2. Company snapshot
9.4.3. Product portfolio
9.4.4. Key strategic moves and developments
9.5. EVERLIGHT ELECTRONICS CO., LTD.
9.5.1. Company overview
9.5.2. Company snapshot
9.5.3. Product portfolio
9.5.4. R&D Expenditure
9.5.5. Business performance
9.6. HORT AMERICAS
9.6.1. Company overview
9.6.2. Company snapshot
9.6.3. Product portfolio
9.6.4. Key strategic moves and developments
9.7. ILLUMITEX INC.
9.7.1. Company overview
9.7.2. Company snapshot
9.7.3. Product portfolio
9.7.4. Key strategic moves and developments
9.8. KONINKLIJKE PHILIPS N.V.
9.8.1. Company overview
9.8.2. Company snapshot
9.8.3. Operating business segments
9.8.4. Product portfolio
9.8.5. R&D Expenditure
9.8.6. Business performance
9.8.7. Key strategic moves and developments
9.9. URBAN CROP SOLUTIONS
9.9.1. Company overview
9.9.2. Company snapshot
9.9.3. Product portfolio
9.9.4. Key strategic moves and developments
9.10. SKY GREENS
9.10.1. Company overview
9.10.2. Company snapshot
9.10.3. Product portfolio
Cross-segment Market Size and Analysis for
Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers