With regard to the growing world population and the rise in the demand for food sufficiency, the limited land resources won’t be sufficient to cater to the current and future demands. Such a situation has led to a stronger emphasis on opting for alternative farming techniques, vertical farming being one of them. In this unconventional farming method, food products are grown in vertically stacked layers by using artificial lighting. The global vertical farming market is expected to grow over $6.81 billion by 2022 at a double-digit CAGR through the forecast period.
The option to customize the growing environment, all year-round food supply, and minimum overheads and costs are some of the factors responsible for the growth of this market. However, the market consists of certain challenges as well which are inhibiting the overall growth for the market, such as limited market scope, lack of awareness, and high initial investment requirement.
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In the technique of vertical farming, the components and fixtures are combined with different growth mechanisms. These components are lighting components, hydroponic components, climate controls, and sensing devices. The replacement of traditional lighting with LED grow lights has led to the domination of lighting components in the market. However, the climate control devices are estimated to grow at the highest CAGR, primarily because these devices are one of the vital requirements for the system in order to manage and customize the environment for growth.
Aerofarms, Everlight Electronics, Illumitex, FarmedHere, Koninklijke Philips N.V., and American Hydroponics.
The vertical farming industry provides a range of growing mechanisms to its users. The user can keep the roots of the plant in nutrient solution (hydroponic) or just misting them at regular intervals (aeroponics). The most commonly used growth mechanism i.e. hydroponics is generating the maximum revenue in 2015. An alternate growth mechanism is an aeroponics, which is expected to grow at the highest rate.
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The Global Vertical Farming Analysis Market is gaining pace and businesses have started understanding the benefits of analytics in the present day highly dynamic business environment. The market has witnessed several important developments over the past few years, with mounting volumes of business data and the shift from traditional data analysis platforms to self-service business analytics being some of the most prominent ones.
As the investigation has turned into an inherent piece of each business activity and role, business intelligence solutions form a central role in the leadership procedure of organizations nowadays. In the following couple of years, the demand for business intelligence solutions is relied upon to significantly rise internationally, enabling the sound development of the Global Vertical Farming Analysis Market.
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Table of Contents:
Global Vertical Farming Analysis Market Research Report 2018-2022
Chapter 1 Vertical Farming Analysis Market Overview
Chapter 2 Global Economic Impact
Chapter 3 Competition by Manufacturers
Chapter 4 Production, Revenue (Value) by Region (2018-2022)
Chapter 5 Supply (Production), Consumption, Export, Import by Regions (2018-2022)
Chapter 6 Production, Revenue (Value), Price Trend by Type
Chapter 7 Analysis by Application
Chapter 8 Manufacturing Cost Analysis
Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10 Marketing Strategy Analysis, Distributors/Traders
Chapter 11 Market Effect Factors Analysis
Chapter 12 Market Forecast (2018-2022)
Chapter 13 Appendix
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