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Vertical Farming Market By Manufacturers, Types, Regions and Applications Research Report Forecast to 2022

Vertical farming can be explained as a concept or practice by which crops are grown inside a controlled environment. It is basically the method by which crops are grown without soil and water. Also, in vertical farming crops are stacked in layers. Vertical farming comes in different shapes and sizes and they use various mechanisms such as hydroponics, aeroponics, among others.

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Vertical Farming Market By Manufacturers, Types, Regions and Applications Research Report Forecast to 2022

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  1. Vertical Farming Market Research Report: Forecast to 2022 Vertical Farming Market Research Report- Forecast to 2022 P a g e | 1 Copyright © 2017 Market Research Future.

  2. Vertical Farming Market Research Report- Forecast to 2022 VIEW REPORTS SAMPLE REPORTS P a g e | 2 Copyright © 2017 Market Research Future.

  3. Vertical Farming Market Research Report- Forecast to 2022 Market Scenario: Market Scenario: Vertical farming can be explained as a concept or practice by which crops are grown inside a controlled environment. It is basically the method by which crops are grown without soil and water. Also, in vertical farming crops are stacked in layers. Vertical farming comes in different shapes and sizes and they use various mechanisms such as hydroponics, geoponics, among others. The reasons contributing to the growth of vertical farming market are better quality of food, increasing population, less dependency on water & soil and increasing demand for food. Also, adoption of new technologies, zero usage of pesticides & fertilizers and implementation of artificial lights are expected to boost the market over the forecast period. However, factors such as initial investments expensive in the urban locations, energy consumption of artificial lighting is more and production of high value crops are hindering the growth of the vertical farming market. Geographically, North America accounted for the largest market share in the global vertical farming market, whereas Asia-Pacific is expected to grow at a fast pace over the forecast period, 2016-2022. P a g e | 3 Copyright © 2017 Market Research Future.

  4. Vertical Farming Market Research Report- Forecast to 2022 1 1Market Overview Market Overview Factors such as less usage of fertilizers and pesticides, water conservation, less usage of energy and growing demand for food production are driving the growth of the vertical farming market. Also, rising demand for high quality food, independent farming techniques and less impact of climatic conditions are expected to boost the market over the forecast period. Whereas, high investments and limitations on the crop types are hampering the growth of the vertical farming market. The various types of vertical farming are hydroponics, aeroponics and aquaponics. Hydroponics involves growing of crops in nutrient solutions which are free of soil, Aeroponics is a technique in which plants are grown in a mist environment without any soil. Aquaponic is a combination of plants and fish in the same ecosystem. However, Hydroponic type accounted for the largest market share in the vertical farming market. Global Vertical Farming Market is estimated to reach USD 6 billion by the end of 2022 with 21% CAGR during forecast period 2016-2022. P a g e | 4 Copyright © 2017 Market Research Future.

  5. Vertical Farming Market Research Report- Forecast to 2022 Key Players: Key Players: Aerofarms (U.S.), Indoor Harvest Corporation (U.S.), Koninklijke Philips N.V. (Netherlands), Everlight Electronics Co. (Taiwan), Illumine, Inc. (U.S.), Sky Greens (Singapore), Hort Americas (U.S.), Urban Crop Solutions (Belgium), Among others. Vertical Farming Market Vertical Farming Market: : According to Market Research Future, market has been segmented into component, crop type, type and region. Component: Hardware Software Services Type Hydroponic Aeroponic Aquaponic Crop Type Broccoli Spinach Cucumbers Tomatoes P a g e | 5 Copyright © 2017 Market Research Future.

  6. Vertical Farming Market Research Report- Forecast to 2022 Market Research Analysis: Market Research Analysis: The global vertical farming market is expected to grow significantly over the forecast period, 2016-2022. Hydroponics of vertical farming market globally drives the market. The market is expected to have higher growth rate as compared to the previous years. North-American region accounted for the largest market share because of the technological advancements, urban growth, environment friendly, increase in demand for food and various grant programs in US. For instance, USDA Rural Energy for America Program (REAP) helps in energy efficiency in the rural areas and Illinois Department of Commerce gave grant for LED lights. However, Asia-Pacific region is expected to grow over the forecast period, 2016-2022 especially in countries such as China and Japan. For instance, Toshiba converted its old factories for vertical plantation of crops such as lettuce and basil. P a g e | 6 Copyright © 2017 Market Research Future.

  7. Vertical Farming Market Research Report- Forecast to 2022 P a g e | 7 Copyright © 2017 Market Research Future.

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