Press Release

Who are the distributors, traders and dealers of Vertical Farming Market?

"Vertical Farming Market Size, Share & Industry Analysis, By Type (Hydroponics, Aeroponics, and Aquaponics), By Structure (Building-Based, Shipping-Container), By Component (Lighting System, Irrigation and Fertigation System, Climate Control, Sensors, and Others) and Regional Forecast, 2019-2026 "

Vertical Farming Market is a type of indoor as well as outdoor farming that is used to produce food and medicinal plants. These farms are set up with the aim of growing food in challenging environment. The primary aim of Vertical Farming is to maximize the area per square meter. A Vertical Farming system involves the use of artificial temperature, light, humidity, and other gases. The constantly rising global population, coupled with the growing demand for plants and other vegetation. Increasing adoption of Vertical Farming is attributable to the growing demand for environment-friendly ways of producing vegetables and fruits. Increasing concerns regarding organic food will contribute to the growing demand for Vertical Farming.4.

For more information in the analysis of this report, visit: https://www.fortunebusinessinsights.com/industry-reports/vertical-farming-market-101958

The global Vertical Farming Market size is projected to reach USD 12.04 Billion by 2026. Increasing technological advancements have allowed improved efficacies as well as enhanced output. According to a report published by Fortune Business Insights, titled “Vertical Farming Market Size, Share & Industry Analysis, By Type (Hydroponics, Aeroponics, and Aquaponics), By Structure (Building-Based, Shipping-Container), By Component (Lighting System, Irrigation and Fertigation System, Climate Control, Sensors, and Others) and Regional Forecast, 2019-2026,” the market was worth USD 2.13 billion and will exhibit a CAGR of 24.8% during the forecast period, 2019-2026.

Some of the leading companies that are operating in the global Vertical Farming Market are:

  • AeroFarms
  • Green Sense Farms Holdings, Inc.
  • 4D Bios, Inc.
  • Agrilution
  • AMHYDRO
  • EVERLIGHT ELECTRONICS CO., LTD.
  • Koninklijke Philips N.V.
  • Hort Americas
  • Illumitex Inc.
  • Sky Greens
  • Plantagon International
  • PLENTY UNLIMITED INC
  • Thrive Agritech.

Request a Sample Copy of the Global Market Research Report: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/verticle-farming-market-101958

Key segments within the market

1. By Type

  • Hydroponics
  • Aeroponics
  • Aquaponics

2. By Structure

  • Building-Based verticle Farms
  • Shipping-Container verticle Farms

3. By Component

  • Lighting System
  • Irrigation and Fertigation System
  • Climate Control
  • Sensors
  • Others

4. By Region

  • North America (U.S. and Canada)
  • Europe (U.K., Germany, France, Italy, Spain, The Netherlands and Rest of Europe)
  • Asia Pacific (China, Japan, India, Singapore, Southeast Asia, and Rest of Asia Pacific)
  • Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)
  • Latin America (Brazil, Mexico, Argentina and Rest of Latin America)

Request for Customization: https://www.fortunebusinessinsights.com/enquiry/customization/verticle-farming-market-101958

Asia Pacific to Dominate the Market; Increasing Use of Technologically Advanced Equipment to Aid Growth

The report analyzes the ongoing Vertical Farming Market trends across major regions including North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. The market in Asia Pacific is projected to dominate the market in the coming years, driven by growing incorporation of technologically advanced systems in Vertical Farming practices. Besides Asia Pacific, the market in North America will witness considerable growth in the coming years, owing to increasing investments in product R&D. As of 2018, the market in North America was worth USD 664.7 million and this value is likely to increase further in the coming years.

Key Industry Developments:

  • May 2019 – Thrive Agritech, Inc., announced the launch of Apex LED grow light for high-intensity applications including supplemental greenhouse lighting and source lighting for indoor farming.
  • February 2017 – Signify Holding. (Philips Lighting) collaborated with Ecobain Gardens to build first commercial verticle farm operation in Canada. Through this, businesses will be able to accelerate growing cycles and grow healthier, more consistent plants. This partnership offers customers attractive returns on investments via healthier, nutritious and rich foods that attract new customers.

Have any Query? Speak to Analyst at: https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/verticle-farming-market-101958

Increasing Number of Company Mergers Will Aid Growth

The report encompasses several factors that have contributed to the growth of the market in recent years. Among all factors, the increasing number of company mergers have had the highest impact on market growth. The increasing investment in the development of newer Vertical Farming equipment, coupled with the efforts put in to acquire medium as well as small scale enterprises will contribute to the growth of the market. In 2017, Signify Holding. (Philips Lighting) announced a collaboration with Ecobain Gardens to build the first ever commercial verticle farm operation in Canada. This partnership offers customers attractive returns on investments via healthier, nutritious and rich foods that attract new customers. The report identifies a few of the leading company mergers of recent times and gauges their impact on the growth of the market.

Table of Content

5. Global Vertical Farming Market Analysis, Insights and Forecast, 2015-2026

5.1. Key Findings / Summary

5.2. Market Size Estimates and Forecasts

5.2.1. By Type (Value)

5.2.1.1. Hydroponics

5.2.1.2. Aeroponics

5.2.1.3. Aquaponics

5.2.2. By Structure (Value)

5.2.2.1. Building-Based Vertical Farms

5.2.2.2. Shipping-Container Vertical Farms

5.2.3. By Component (Value)

5.2.3.1. Lighting System

5.2.3.2. Irrigation and Fertigation System

5.2.3.3. Climate Control

5.2.3.4. Sensors

5.2.3.5. Others

5.2.4. By Region (Value)

5.2.4.1. North America

5.2.4.2. Europe

5.2.4.3. Asia Pacific

5.2.4.4. Middle East and Africa

5.2.4.5. Latin America

6. North America Vertical Farming Market Analysis, Insights and Forecast, 2015-2026

6.1. Key Findings / Summary

6.2. Market Size Estimates and Forecasts

6.2.1. By Type (Value)

6.2.1.1. Hydroponics

6.2.1.2. Aeroponics

6.2.1.3. Aquaponics

6.2.2. By Structure (Value)

6.2.2.1. Building-Based Vertical Farms

6.2.2.2. Shipping-Container Vertical Farms

6.2.3. By Component (Value)

6.2.3.1. Lighting System

6.2.3.2. Irrigation and Fertigation System

6.2.3.3. Climate Control

6.2.3.4. Sensors

6.2.3.5. Others

6.2.4. By Country (Value)

6.2.4.1. United States

6.2.4.2. Canada

TOC Continued….!

(Have a Look at Reports Trending in “Information & Technology” Industry)

About Us
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

At Fortune Business Insights™ we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.

Contact Us
Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune – 411045, Maharashtra, India.

Phone
US :+1 424 253 0390
UK : +44 2071 939123
APAC : +91 744 740 1245

Email: [email protected]

Tags

Ruby Arterburn

Ruby is leading the team writing for artificial intelligence. She is a newcomer in the organization and has already made her base and reputation with her hard work and her efficiency towards her field. Being a student of computer science it has become easier for her to understand the objectives and the expected results of this column. She is also an excellent cook, and now and then, and we get the opportunity to taste her deliciously baked cookies.

Related Articles

Close