Boonton, NJ -- (SBWire) -- 10/22/2018 --Global Vertical Farming Market Analysis
According to Verified Market Intelligence, the Global Vertical Farming Market was valued at USD 2.03 Billion in 2017 and is projected to reach USD 10.96 Billion by 2025, growing at a CAGR of 23.7% from 2018 to 2025.
What is Vertical Farming?
Vertical farming is a traditional technique that is used for growing crops in an indoor environment in the presence of controlled conditions and lighting. It allows ease of harvesting, negligible climate effect, smaller area requirement, minimal water consumption, higher yield, and least usage of pesticides. It provides quality of nutritious and fresh food without any dependency on skilled labor and favorable conditions such as climate, water usage, soil fertility and many more. Vertical farming is helpful in producing food in challenging environments such as where arable land is unavailable. Growing popularity of organic food and increasing urban population contributes to the growth of the Vertical Farming market.
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Global Vertical Farming Market Outlook
Growing demand for high-quality food without any chemicals, rising population, and unavailability of arable lands have been driving the global vertical farming market. On the other hand, high initial costs, lack of technical knowledge and limitations on the variety of grown crops might hinder the overall growth at a global level.
Global Vertical Farming Market Competitive Landscape
The "Global Vertical Farming Market" study report will provide a valuable insight with an emphasis on global market including some of the major players such as AeroFarm, FarmedHere, Illumitex, Inc., Koninklijke Philips N.V., Sky Green, Everlight Electronics, Green Sense Farms, American Hydroponics, Hort Americas and Agrilution. Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis.
Global Vertical Farming Market Segmentation, by Growth Mechanism
Aeroponics
Hydroponics
Aquaponics
Global Vertical Farming Market Segmentation, by Structure
Building-Based Vertical Farms
Shipping Container Vertical Farms
Global Vertical Farming Market Segmentation, by Component
Irrigation Component
Lighting
Building Material
Sensor
Climate Control
Others
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Global Vertical Farming Market Geographic Scope
North America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Rest of Europe
Asia Pacific
China
Japan
India
Rest of Asia Pacific
Latin America
Brazil
Rest of the World
Vertical Farming Market - Growing Popularity of Organic Food to Grow Market Revenue Up to USD 10.96 Billion by 2025