Vertical Farming Market Share, Emerging Growth, Insights, Industry Analysis, Trends and Forecast Report 2027
Growing demand for organic foods and scarcity of natural resources are driving the market demand.
VANCOUVER, BC, CANADA, March 13, 2022 /EINPresswire.com/ — The market intelligence study Vertical farming weighs on its global position during the forecast period from 2021 to 2027. The study uses primary and secondary research techniques to assess, interpret, segment and forecast the total revenue generated by the industry across different regions. To determine the size, share and rate of development of the company, the research determines the performance in different product categories and geographies. The study further offers a detailed statistical analysis regarding the key factors including drivers, opportunities, challenges, and restraints that have a substantial effect on the progress of the Vertical Farming market.
The growth of this market can be attributed to the growing demand for organic food products among consumers. Growing environmental concerns such as soil and groundwater quality depletion on applications of chemical-based solutions have increased the adoption of the vertical farming system. The reduction in light emitting diode (LED) prices and the technological advancement of LEDs are contributing to the growth of the vertical farming system. The scarcity of space in densely populated countries has led to the increasing adoption of the vertical farming method. The benefits of growing crops near urban areas and reduced transportation costs are expected to fuel the growth of the vertical farming market over the forecast period.
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This research assesses the micro markets and takes a closer look at the various growth trends, future prospects, and regulations that will rule the industry in the coming years. The researchers also included some of the top performers in the industry to calculate their market shares as well as their core competencies. The research explains the technological developments in the sector as well as the upcoming areas of the industry that could potentially attract massive investments. The study further analyzes competitive developments, including but not limited to collaborations, joint ventures, investments, acquisitions, and mergers.
Leading companies operating in the Vertical Farming market profiled in the report are:
Freight Farms, Signify, Osram, Aerofarms, BrightFarms, Everlight Electronics, HELIOSPECTRA AB, Illumitex, Inc., AGRICOOL and SKY GREENS, among others.
Main highlights of the report:
In March 2020, expanded collaboration between Signify and Planet Farms, a vertical farm operator based in Italy, Europe. The collaboration is expected to improve crop quality and yield with the help of Philips GreenPower LED production.
Vertical farms based on shipping containers held the largest market share of 63.5% in 2019 due to the scarcity of arable land. Additionally, the ease of transportation and less land requirement for the installation of the shipping container are expected to drive the growth of the segment.
The hydroponics segment is expected to grow with the fastest CAGR of 20.2% over the forecast period due to ease of use and low cost of installation.
The regional analysis of the Vertical Farming market includes analysis of production and consumption ratio, supply and demand dynamics, regional trends and growth drivers, growth prospects, presence of key manufacturers and suppliers, as well as market size and share in key regions such as North America, Latin America, Europe, Asia-Pacific, Middle East and Africa. The report further offers key insights on country-wise analysis and key revenue growth factors of each regional market.
The research weighs in on various problems and solutions related to import and export status, supply chain management, channel distribution, demand and supply and inconvenient gross margin often the expansive as well as new entrants In-depth analysis of market players dominating the Vertical Farming market and their winning strategies to stay competitive and ahead of the market add granularity to the intelligence report. The definitive study explores recent industry events from acquisitions and mergers, product launches, technological innovation and product pipeline to highlight the future potential or prospects of the company.
Emergen Research has segmented the global vertical farming market on the basis of structure, growth mechanisms, supply, and region:
Structure Outlook (Revenue, USD Billion; 2017-2027)
Based on the building
Growth Mechanisms Outlook (Revenue, USD Billion; 2017-2027)
Supply Outlook (Revenue, USD Billion; 2017-2027)
The study relies heavily on qualitative and quantitative evidence to generate, interpret, and analyze raw data on the target market, products or services offered, and major market players operating in the Vertical Farming market for the period forecast. all data relating to aspects such as production capacity, purchasing power, customer preference and potential customers to offer usable business information. This report can be seen as a conservative assessment of target customers, their needs, geography generating maximum sales, and potential distribution channel.
Key Benefits of Buying Global Vertical Farming Report:
Complete analysis of the changing competitive landscape
Assistance with business decision-making processes as well as detailed strategic planning methodologies
The report offers an 8-year forecast and assessment of the global vertical farming market
Helps in understanding the key product segments and their estimated growth rate
In-depth analysis of market drivers, restraints, trends and opportunities
Comprehensive Regional Analysis of the Global Vertical Farming Market
In-depth profiling of key business stakeholders
Detailed analysis of factors influencing the growth of the global vertical farming market
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