Plants are suspended in an enclosed setting and water, mixed with plant food, is sprayed onto the roots. Aeroponics systems are frequently employed in an enclosed environment such as a greenhouse so that the temperature and humidity can be accurately regulated. Although sunlight is the principal light source, some additional lighting such as LED lights may be added.
U.S. has presence of some the agro giants such as Aero Farms, Living Greens Farms, and Bowery Farming, which make it the highest revenue generator in the aeroponics farming market. On October 6, 2018, Living Greens Farm constructed a 60,000 square feet of stacked growing space, and is also capable of producing three million heads of high-quality lettuce. The $6 million Living Greens Farm near Faribault is expected to be the second largest aeroponics indoor operation farm in the world. The firm plans to produce as much lettuce indoors as would be produced by 100 times the farmland, using 95% less water, no pesticides, herbicides, or other chemicals.
Factors such as increase in popularity of organic foods, limited arable land for agriculture, and rise in popularity of disease-free environment in agriculture drive the growth of the aeroponics farming market. However, high initial investment to acquire the technology acts as a major barrier, which hampers the market growth. Conversely, rise in urban population and technological advancements replacing traditional farming methods are expected to offer remunerative opportunities for market expansion.
The North America aeroponics farming market is segmented based on component and country. By component, the market is classified into irrigation component, lightning, sensor, climate control, building material, and others. Country wise, the market is analyzed across the U.S., Canada, and Mexico.
The key players profiled in this report include Evergreen Farm Grow360, Bright Agrotech (Plenty), Freight Farms, and Aerofarms.
KEY BENEFITS FOR STAKEHOLDERS
- This study includes the analytical depiction of the aeroponics farming along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information regarding the key drivers, restraints, and opportunities.
- The current market is quantitatively analyzed from 2017 to 2025 to highlight the financial competency of the industry.
- Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.
- Technology Investors
- Technology Providers
- Venture Capitalists
- Alliances, Forums, Associations, and Government Bodies
- Private Equity Firms
AEROPONICS FARMING MARKET SEGMENTATION
- Irrigation Component
- Climate Control
- Building Material
Table of Contents
1.2.KEY BENEFITS FOR STAKEHOLDERS
1.4.KEY MARKET SEGMENTS
1.5.3.Analyst tools and models
2.2.EVOLUTION AND TRENDS
2.3.CHALLENGES AND SOLUTIONS
22.214.171.124.Promotes fast and healthy plant growth
126.96.36.199.Requires small place for agricultural production
188.8.131.52.Year round cultivation
184.108.40.206.Increase in popularity of organic food
220.127.116.11.Limited arable land for traditional agriculture
18.104.22.168.Popularity of disease-free environment in agriculture
22.214.171.124.Increased in urban population
126.96.36.199.Technological advancement replacing traditional farming techniques
188.8.131.52.High initial investment cost
2.4.MARKET SIZING AND FORECASTING
2.4.3.Market analysis, by country
3.2.COMPARISON OF MARKET PLAYERS
Executive SummaryAccording to this report titled, 'Aeroponics Farming Market by Component: Region Opportunity Analysis and Industry Forecast, 2017 - 2025'The North America aeroponics farming market was valued at $126.2 million in 2017, and is projected to reach $759.4 million by 2025, registering a CAGR of 25.5% from 2018 to 2025.
Aeroponics is an indoor gardening practice in which plants are grown and nourished by suspending their root structures in air. Plants are suspended in an enclosed setting and water, mixed with plant food, is sprayed onto the roots. Aeroponics systems are frequently employed in an enclosed environment such as a greenhouse so that the temperature and humidity can be accurately regulated. Although sunlight is the principal light source, some additional lighting such as LED lights may be added. LED lights are used to create a precise light formula for each plant, giving the exact range, intensity, and frequency that the plant requires for photosynthesis.
Compared to other types of vertical farming, in aeroponics, plants tend to grow faster and absorb more nutrients, thus making aeroponics the most preferred farming technique. The aeroponics system is gaining maximum popularity as plants grow up to 45% faster than in traditional insoil farming methods. It yields cleaner, safer, tastier, and more aromatic products.
North America is the largest region in terms of revenue generated through vertical farming. The region houses some of the largest indoor vertical farms across the globe. For instance, AeroFarms, which is a commercial leader in indoor farming technology, a 70,000 sq ft. technology, harvests up to two million pounds of crops per year. In addition, giant indoor farming companies such as Brightfarms, Edenworks, and Grove Labs have their presence in North America, which is anticipated to offer lucrative growth opportunities for the aeroponics farming market.
Factors such as increase in popularity of organic foods, limited arable land for agriculture, and rise in popularity of disease free environment in agriculture drive the growth of the North America aeroponics farming market. However, high initial investment to acquire the technology acts as a major barrier, which hampers the North America aeroponics farming market growth. On the contrary, increase in urban population and technological advancements replacing traditional farming methods are anticipated to offer lucrative opportunities for the North America aeroponics farming market growth.
Aeroponics farming market is segmented into by component, and region. Based on component, the market is classified into irrigation component, lightning, sensor, climate control, building material and others. Based on countries, the market is analyzed across U.S., Canada, and Mexico.
Key Findings of theAeroponics Farming Market:
In 2017, the building materials subsegment generated the highest revenue in the North America Aeroponics farming market.
In 2017, Mexico generated the highest revenue among the countries in the North America Aeroponics farming market.
The key players profiled in this report include Evergreen Farm Grow360, Bright Agrotech (Plenty), Freight Farms, and Aerofarms. These key players have adopted some strategies to enhance their market penetration.
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.