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Vertical Farming Market with COVID-19 Impact Analysis by Growth Mechanism (Hydroponics, Aeroponics, Aquaponics), Structure (Building-based vertical farm and Shipping container-based vertical farm), Crop Type, Offering, & Region - Global Forecast to 2026

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    Report

  • 231 Pages
  • November 2021
  • Region: Global
  • Markets and Markets
  • ID: 5136175

The Vertical Farming market is expected to grow from USD 3.1 billion in 2021 to USD 9.7 billion by 2026; it is expected to grow at a CAGR of 25.0% during the forecast period. The major driving factors for the growth of the vertical farming market include high yield associated with vertical farming over conventional farming, year-round crop production irrespective of weather condition, advancements in light-emitting diode (LED) technology and requirement of minimum resources.




Hydroponics growth mechanism Segment to dominate vertical farming market during forecast period

The hydroponics growth mechanism is used widely by commercial growers. It is easier to set up, costs less than other mechanisms, and has a higher return on investments (ROI). Comparing the investments required to set up a hydroponics and aeroponics facility of the same size, aeroponics requires a higher initial investment. Moreover, the hydroponics mechanism recycles the maximum amount of water with minimal wastage, making it the most water-efficient farming method. Furthermore, the amount of nutrients to be delivered to plants can be controlled effectively, enabling control over the growth process and factors, such as the speed of growth and size of plants. Additionally, in the hydroponics mechanism, in case of a power outage, the plants can survive for a long time since the growing medium continues to supply water and nutrients, unlike aeroponics, where the plants can die in just a few hours due to malfunctioning or failure of mist spraying nozzles.


Lettuce to be most commonly grown crop across different vertical farms

Lettuce is extensively cultivated in vertical farming. It is quick and easy to grow, has a steady demand throughout the year, and is available in several varieties, allowing farmers to switch products without changing to a whole new crop. Additionally, the demand for nutritive and organic vegetables has also increased significantly in the last few years due to the growing health consciousness among consumers. Consumers are increasingly focusing on healthy aging and are adopting several measures to prevent diet-related diseases. Furthermore, organic food products not only satisfy hunger but are also considered essential sources of nutrients. They prevent nutrition-related diseases and improve physical and mental well-being.


Increase in number of vertical farms and partnerships among companies help boost vertical farming in US

The US is expected to be the leading country-level market in North America as market leaders or key players of vertical farming are headquartered in the country. Furthermore, the country is a potential market for farming, owing to the continuous demand for agricultural products. The growth of the vertical farming market in the country is significantly driven by the need for sustainable agricultural operations that reduce the adverse impacts on the environment. Also, contrary to the complicated supply chain involved in conventional agriculture that impacts the harvesting, processing, and transportation activities in the market, urban indoor vertical farming reduces farm to consumer transport, hence providing a solution to the inefficient supply chain. Producing fresh greens and vegetables close to urban areas could help meet growing food demands in an environmentally responsible and sustainable way by reducing the number of entities involved in distribution chains, providing higher-nutrient produce, and drastically reducing water usage and runoff.


In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews have been conducted with key officials in the vertical farming market. Following is the breakup of the profiles of primary participants for the report.


  • By Company Type: Tier 1 - 40 %, Tier 2 - 45%, and Tier 3 - 15%
  • By Designation: C-Level Executives - 40%, Directors - 30%, and Others - 30%
  • By Region: North America - 20%, Europe - 30%, APAC - 35%, and RoW - 15%

The report profiles key players in the vertical farming market and analyzes their market shares. Players profiled in this report are Signify (Netherlands), Osram (Germany), Freight Farms (US), AeroFarms (US), sky Greens (Singapore), Spread (Japan), Plenty (US), Valoya (Finland), Everlight Electronics (Taiwan), Heliospectra AB (Sweden), Green Sense Farms (US), Agrilution (Germany), American Hydroponics (US), Urban Crop solutions (Belgium), Vertical Farm Systems (Australia), bowery Farming (US), Agricool (France), Sananbio (US), Growpod Solutions (US), Infarm (Germany), Altius Farms (US), Intelligent Growth Solutions (Scotland), 4D BIOS INC (US), Future Crops (Netherlands), Bright Farms (US), Swegreen (Sweden), and Vertical Future Ltd (UK).


Research Coverage

This report segments the vertical farming market based on structure, growth mechanisms, offerings, crop types, and regions. It also describes major drivers, restraints, challenges, and opportunities about this market, as well as includes market share analysis, value chain analysis, porter’s five forces analysis, trade analysis, ecosystem, technological trends, pricing analysis, key patents, standards and frameworks, and case studies/use cases.


Reasons to Buy This Report

The report will help leaders/new entrants in the vertical farming market in the following ways:


1. The report segments the vertical farming market comprehensively and provides the closest market size estimation for all subsegments across regions.
2. The report will help stakeholders understand the pulse of the market and provide them with information on key drivers, restraints, challenges, and opportunities about the vertical farming market.
3. The report will help stakeholders understand their competitors better and gain insights to improve their position in the vertical farming market. The competitive landscape section describes the competitor ecosystem.


Table of Contents

1 Introduction
1.1 Study Objectives
1.2 Market Definition and Scope
1.2.1 Inclusions and Exclusions
1.3 Study Scope
1.3.1 Markets Covered
1.3.2 Geographic Scope
1.3.3 Years Considered
1.4 Currency
1.5 Limitations
1.6 Stakeholders
1.7 Summary of Changes
2 Research Methodology
2.1 Research Data
Figure 1 Vertical Farming Market: Process Flow of Market Size Estimation
Figure 2 Vertical Farming Market: Research Design
2.1.1 Secondary Data
2.1.1.1 Secondary Sources
2.1.2 Primary Data
2.1.2.1 Breakdown of Primaries
2.1.2.2 Key Data from Primary Sources
2.1.2.3 Key Industry Insights
2.1.3 Secondary and Primary Research
2.2 Market Size Estimation
Figure 3 Market Size Estimation Methodology: Approach 1 (Supply Side): Revenue Generated by Companies from Hardware/Software/ Services Offered in Vertical Farming Market
Figure 4 Market Size Estimation Methodology: Approach 2 (Demand Side): Market for Vertical Farming by Different Regions
2.2.1 Bottom-Up Approach
2.2.1.1 Approach for Obtaining Market Size Using Bottom-Up Analysis
Figure 5 Market Size Estimation Methodology: Bottom-Up Approach
2.2.2 Top-Down Approach
2.2.2.1 Approach for Obtaining Market Size Using Top-Down Analysis
Figure 6 Market Size Estimation Methodology: Top-Down Approach
2.3 Market Breakdown and Data Triangulation
Figure 7 Data Triangulation
2.4 Research Assumptions
Figure 8 Research Assumptions
2.5 Risk Assessment
Table 1 Risk Factor Analysis
3 Executive Summary
Figure 9 Hydroponics Growth Mechanism Segment to Dominate Vertical Farming Market During Forecast Period
Figure 10 Building-Based Vertical Farms Segment to Exhibit Higher Growth During Forecast Period
Figure 11 Lettuce to be Most Commonly Grown Crop Across Different Vertical Farms
Figure 12 Services to Register Highest Growth Among Offerings in Vertical Farming Market During Forecast Period
Figure 13 Asia-Pacific to Dominate Vertical Farming Market During Forecast Period
3.1 COVID-19 Impact on Vertical Farming Market
3.1.1 Realistic Scenario
3.1.2 Optimistic Scenario
3.1.3 Pessimistic Scenario
Figure 14 Comparison of Scenario-Based Impact of COVID-19 on Vertical Farming Market
4 Premium Insights
4.1 Attractive Opportunities in Vertical Farming Market
Figure 15 Increase in Investments and Partnerships Between Farms and Technology Providers Boosting Growth in Vertical Farming Market
4.2 Vertical Farming Market in APAC, by Growth Mechanism and Structure
Figure 16 Hydroponics Growth Mechanism and Building-Based Vertical Farm Segments to Hold Largest Market Shares in Asia-Pacific in 2026
4.3 Vertical Farming Market, by Hardware
Figure 17 Lighting Segment to Dominate Market During Forecast Period
4.4 Country-Wise Vertical Farming Market Growth Rate
Figure 18 China to Record Highest CAGR in Vertical Farming Market During Forecast Period
5 Market Overview
5.1 Market Dynamics
Figure 19 Vertical Farming Market: Drivers, Restraints, Opportunities, and Challenges
5.1.1 Drivers
Figure 20 Vertical Farming Market Drivers and Their Impact
5.1.1.1 High Yield Associated with Vertical Farming Over Conventional Farming
5.1.1.2 Advancements in Light-Emitting Diode (Led) Technology
5.1.1.3 Year-Round Crop Production Irrespective of Weather Conditions
Figure 21 Damage and Loss to Crops, by Type of Calamity (2003-2016)
5.1.1.4 Requirement of Minimum Resources
Figure 22 World Population (2015-2050)
5.1.2 Restraints
Figure 23 Vertical Farming Market Restraints and Their Impact
5.1.2.1 Lack of Technically Skilled Workforce and Limited Crop Types
5.1.2.2 High Start-Up Costs
5.1.3 Opportunities
Figure 24 Vertical Farming Market Opportunities and Their Impact
5.1.3.1 Reduced Environmental Impact from Agriculture by Adoption of Vertical Farming
5.1.3.2 Potential Market Opportunities in Asia-Pacific and Middle East
5.1.3.3 Cannabis Cultivation Through Vertical Farming
5.1.4 Challenges
Figure 25 Vertical Farming Market Challenges and Their Impact
5.1.4.1 Maintenance of Temperature, Humidity, and Air Circulation in a Vertical Farm
5.1.4.2 Vertical Farming on a Large Scale
6 Industry Trends
6.1 Value Chain Analysis
Figure 26 Value Chain Analysis: Vertical Farming Market
6.2 Case Study Analysis
6.2.1 Case Study: Aerofarms - Taking Vertical Farming to New Heights by Using Advanced Technology
6.2.2 Case Study: Fluence by Osram Implements Led Lighting into Hortipolaris Cultivation and Research Facility
6.2.3 Case Study: Benefits of IoT Deployment for Indoor Vertical Farms That Use Data-Driven Insights to Increase Yield, Conserve Resources, and Improve Quality of Produce
6.2.4 Case Study: Signify's (Netherlands) Led Lighting Solution Used by Riat for Growing Tomatoes and Cucumbers in a Vertical Farm
6.2.5 Case Study: Avril Installed a Vertical Farm in Their New Branch
6.2.6 Case Study: Karma Farm Added Hydroponic Solution to Its Traditional Farm Solution to Achieve Sustainability
6.3 Region-Wise Recent Developments in Vertical Farming Market
6.3.1 Developments in Europe
6.3.2 Developments in North America
6.3.3 Developments in Asia-Pacific
6.3.4 Developments in Middle East
6.4 Revenue Shift and New Revenue Pockets for Vertical Farming Market Players
Figure 27 Revenue Shift and New Revenue Pockets for Vertical Farming Market Players
6.5 Technology Analysis
6.6 Patent Analysis
Table 2 Modular Vertical Farm Cell
Table 3 Combined Vertical Farm, Biofuel, Biomass, and Electric Power Generation Process and Facility
Table 4 Vertical Aeroponic Plant Growing Enclosure
Table 5 Crate for Vertical Farming, Control Unit, and Method for Operating Crates
Table 6 Control and Sensor Systems for An Environmentally Controlled Vertical Farming System
6.7 Trade Analysis
Figure 28 Global Import Data Analysis for Hs Code 8424
Figure 29 Global Export Data Analysis for the Hs Code 8424
Figure 30 Country-Wise Global Import Data Analysis for the Hs Code 8424
6.8 Porter's Five Forces Analysis
Figure 31 Vertical Farming Market: Porter's Five Forces Analysis
Table 7 Vertical Farming Market: Porter's Five Forces Analysis
Figure 32 Intensity of Competitive Rivalry
Figure 33 Threat of Substitutes
Figure 34 Bargaining Power of Buyers
Figure 35 Bargaining Power of Suppliers
Figure 36 Threat of New Entrants
6.9 Regulatory Landscape
Table 8 Regulations: Vertical Farming Market
7 Vertical Farming Market, by Growth Mechanism
7.1 Introduction
Figure 37 Hydroponics Growth Mechanism Segment to Dominate Vertical Farming Market During Forecast Period
Table 9 Vertical Farming Market, by Growth Mechanism, 2017-2020 (USD Million)
Table 10 Vertical Farming Market, by Growth Mechanism, 2021-2026 (USD Million)
7.2 Hydroponics
7.2.1 Installation of Hydroponic Mechanism is Simple and Cost-Effective
Table 11 Hydroponics Vertical Farming Market, by Region, 2017-2020 (USD Million)
Table 12 Hydroponics Vertical Farming Market, by Region, 2021-2026 (USD Million)
7.3 Aeroponics
7.3.1 High Productivity and Low Timeframe Are Achieved Using Improved Patented Technology
Table 13 Aeroponics Vertical Farming Market, by Region, 2017-2020 (USD Million)
Table 14 Aeroponics Vertical Farming Market, by Region, 2021-2026 (USD Million)
7.4 Aquaponics
7.4.1 Improved Water Usage to Drive Demand for Aquaponics in Vertical Farming
Table 15 Aquaponics Vertical Farming Market, by Region, 2017-2020 (USD Million)
Table 16 Aquaponics Vertical Farming Market, by Region, 2021-2026 (USD Million)
8 Vertical Farming Market, by Structure
8.1 Introduction
Figure 38 Building-Based Vertical Farms to Hold Larger Market Share in 2026
Table 17 Vertical Farming Market, by Structure, 2017-2020 (USD Million)
Table 18 Vertical Farming Market, by Structure, 2021-2026 (USD Million)
8.2 Building-Based Vertical Farms
8.2.1 Countries with Unsupported Crop Environment Are Early Adopters of Building-Based Vertical Farms
Table 19 Buiding-Based Vertical Farming Market, by Region, 2017-2020 (USD Million)
Table 20 Buiding-Based Vertical Farming Market, by Region, 2021-2026 (USD Million)
8.3 Shipping Container-Based Vertical Farms
8.3.1 Emerging Vertical Farm Solutions for Small Farmers to Drive Demand for Shipping Container-Based Vertical Farms
Table 21 Shipping Container-Based Vertical Farming Market, by Region, 2017-2020 (USD Million)
Table 22 Shipping Container-Based Vertical Farming Market, by Region, 2021-2026 (USD Million)
9 Vertical Farming Market, by Crop Type
9.1 Introduction
Figure 39 Lettuce to be Leading Segment of Vertical Farming Market by Crop Type During Forecast Period
Table 23 Vertical Farming Market, by Crop Type, 2017-2020 (USD Million)
Table 24 Vertical Farming Market, by Crop Type, 2021-2026 (USD Million)
9.2 Vegetables
9.2.1 Lettuce Mainly Cultivated in Controlled Environment in Vertical Farms
9.3 Fruits
9.3.1 Demand for Organic Fruits to Drive Market Growth of Vertical Farms
Table 25 North America: Vertical Farming Market, by Crop Type, 2017-2020 (USD Million)
Table 26 North America: Vertical Farming Market, by Crop Type, 2021-2026 (USD Million)
Table 27 Europe: Vertical Farming Market, by Crop Type, 2017-2020 (USD Million)
Table 28 Europe: Vertical Farming Market, by Crop Type, 2021-2026 (USD Million)
Table 29 Asia-Pacific: Vertical Farming Market, by Crop Type, 2017-2020 (USD Million)
Table 30 Asia-Pacific: Vertical Farming Market, by Crop Type, 2021-2026 (USD Million)
Table 31 RoW: Vertical Farming Market, by Crop Type, 2017-2020 (USD Million)
Table 32 RoW: Vertical Farming Market, by Crop Type, 2021-2026 (USD Million)
10 Vertical Farming Market, by Offering
10.1 Introduction
Figure 40 Vertical Farming Market by Hardware to Hold Largest Market Share in 2026
Table 33 Vertical Farming Market, by Offering, 2017-2020 (USD Million)
Table 34 Vertical Farming Market, by Offering, 2021-2026 (USD Million)
Figure 41 Lighting Segment to Dominate Vertical Farming Hardware Market During Forecast Period
Table 35 Vertical Farming Market, by Hardware, 2017-2020 (USD Million)
Table 36 Vertical Farming Market, by Hardware, 2021-2026 (USD Million)
10.2 Hardware
10.2.1 Lighting
Table 37 Vertical Farming Market for Lighting, by Region, 2017-2020 (USD Million)
Table 38 Vertical Farming Market for Lighting, by Region, 2021-2026 (USD Million)
Table 39 Vertical Farming Market for Lighting, by Component, 2017-2020 (USD Million)
Table 40 Vertical Farming Market for Lighting, by Component, 2021-2026 (USD Million)
10.2.1.1 Lighting Fixtures
10.2.1.1.1 High Efficiency of LEDs to Drive Their Demand in Vertical Farms
Table 41 Vertical Farming Market for Lighting Fixtures, by Region, 2017-2020 (USD Million)
Table 42 Vertical Farming Market for Lighting Fixtures, by Region, 2021-2026 (USD Million)
10.2.1.2 Lighting Control
10.2.1.2.1 Connected Energy-Saving Lighting Systems Proven to be Ideal for Vertical Farming
Table 43 Vertical Farming Market for Lighting Controls, by Region, 2017-2020 (USD Million)
Table 44 Vertical Farming Market for Lighting Controls, by Region, 2021-2026 (USD Million)
10.2.2 Hydroponics Components
10.2.2.1 Appropriate Utilization of Nutrient-Laden Water Ensures High Crop Growth
Table 45 Vertical Farming Market for Hydroponic Components, by Region, 2017-2020 (USD Million)
Table 46 Vertical Farming Market for Hydroponic Components, by Region, 2021-2026 (USD Million)
10.2.3 Climate Control
10.2.3.1 Effective HVAC Systems Are Critical to Ensure High Productivity Through Precise Temperature Control
Table 47 Vertical Farming Market for Climate Control, by Region, 2017-2020 (USD Million)
Table 48 Vertical Farming Market for Climate Control, by Region, 2021-2026 (USD Million)
10.2.4 Sensors
10.2.4.1 Sensors Provide Necessary Data Points for Accurate Monitoring to Ensure High Productivity and Farm Efficiency
Table 49 Vertical Farming Market for Sensors, by Region, 2017-2020 (USD Million)
Table 50 Vertical Farming Market for Sensors, by Region, 2021-2026 (USD Million)
10.3 Software
10.4 Services
11 Geography Analysis
11.1 Introduction
Figure 42 Asia-Pacific to Dominate Vertical Farming Market During Forecast Period
Table 51 Vertical Farming Market, by Region, 2017-2020 (USD Million)
Table 52 Vertical Farming Market, by Region, 2021-2026 (USD Million)
11.2 North America
Figure 43 Vertical Farming Market Snapshot: North America
Table 53 North America: Vertical Farming Market, by Country, 2017-2020 (USD Million)
Table 54 North America: Vertical Farming Market, by Country, 2021-2026 (USD Million)
Table 55 North America: Vertical Farming Market, by Structure, 2017-2020 (USD Million)
Table 56 North America: Vertical Farming Market, by Structure, 2021-2026 (USD Million)
Table 57 North America: Vertical Farming Market, by Growth Mechanism, 2017-2020 (USD Million)
Table 58 North America: Vertical Farming Market, by Growth Mechanism, 2021-2026 (USD Million)
Table 59 North America: Lighting Market, by Country, 2017-2020 (USD Million)
Table 60 North America: Lighting Market, by Country, 2021-2026 (USD Million)
Table 61 North America: Lighting Market, by Lighting Components, 2017-2020 (USD Million)
Table 62 North America: Lighting Market, by Lighting Components, 2021-2026 (USD Million)
Table 63 North America: Hydroponic Components Market, by Country, 2017-2020 (USD Million)
Table 64 North America: Hydroponic Components Market, by Country, 2021-2026 (USD Million)
Table 65 North America: Climate Controls Market, by Country, 2017-2020 (USD Million)
Table 66 North America: Climate Controls Market, by Country, 2021-2026 (USD Million)
Table 67 North America: Sensors Market, by Country, 2017-2020 (USD Million)
Table 68 North America: Sensors Market, by Country, 2021-2026 (USD Million)
11.2.1 US
11.2.1.1 Increase in Number of Vertical Farms and Partnerships Among Companies Help Boost Vertical Farming in US
Table 69 US: Vertical Farming Market, by Structure, 2017-2020 (USD Million)
Table 70 US: Vertical Farming Market, by Structure, 2021-2026 (USD Million)
Table 71 US: Vertical Farming Market, by Growth Mechanism, 2017-2020 (USD Million)
Table 72 US: Vertical Farming Market, by Growth Mechanism, 2021-2026 (USD Million)
Table 73 US: Lighting Market, by Lighting Component, 2017-2020 (USD Million)
Table 74 US: Lighting Market, by Lighting Component, 2021-2026 (USD Million)
11.2.2 Canada
11.2.2.1 Presence of Technologically Advanced Vertical Farming Companies in Canada Increasing Concept of Growing Crops Vertically
Table 75 Canada: Vertical Farming Market, by Structure, 2017-2020 (USD Million)
Table 76 Canada: Vertical Farming Market, by Structure, 2021-2026 (USD Million)
Table 77 Canada: Vertical Farming Market, by Growth Mechanism, 2017-2020 (USD Million)
Table 78 Canada: Vertical Farming Market, by Growth Mechanism, 2021-2026 (USD Million)
Table 79 Canada: Lighting Market, by Lighting Component, 2017-2020 (USD Million)
Table 80 Canada: Lighting Market, by Lighting Component, 2021-2026 (USD Million)
11.2.3 Mexico
11.2.3.1 Increase in Population, Deteriorating Cultivation Zones, and Scarcity of Water Drive Adoption of Vertical Farming in Mexico
Table 81 Mexico: Vertical Farming Market, by Structure, 2017-2020 (USD Million)
Table 82 Mexico: Vertical Farming Market, by Structure, 2021-2026 (USD Million)
Table 83 Mexico: Vertical Farming Market, by Growth Mechanism, 2017-2020 (USD Million)
Table 84 Mexico: Vertical Farming Market, by Growth Mechanism, 2021-2026 (USD Million)
Table 85 Mexico: Lighting Market, by Lighting Component, 2017-2020 (USD Million)
Table 86 Mexico: Lighting Market, by Lighting Component, 2021-2026 (USD Million)
11.3 Europe
Figure 44 Vertical Farming Market Snapshot: Europe
Table 87 Europe: Vertical Farming Market, by Country, 2017-2020 (USD Million)
Table 88 Europe: Vertical Farming Market, by Country, 2021-2026 (USD Million)
Table 89 Europe: Vertical Farming Market, by Structure, 2017-2020 (USD Million)
Table 90 Europe: Vertical Farming Market, by Structure, 2021-2026 (USD Million)
Table 91 Europe: Vertical Farming Market, by Growth Mechanism, 2017-2020 (USD Million)
Table 92 Europe: Vertical Farming Market, by Growth Mechanism, 2021-2026 (USD Million)
Table 93 Europe: Lighting Market, by Country, 2017-2020 (USD Million)
Table 94 Europe: Lighting Market, by Country, 2021-2026 (USD Million)
Table 95 Europe: Lighting Market, by Lighting Components, 2017-2020 (USD Million)
Table 96 Europe: Lighting Market, by Lighting Components, 2021-2026 (USD Million)
Table 97 Europe: Hydroponic Components Market, by Country, 2017-2020 (USD Million)
Table 98 Europe: Hydroponic Components Market, by Country, 2021-2026 (USD Million)
Table 99 Europe: Climate Controls Market, by Country, 2017-2020 (USD Million)
Table 100 Europe: Climate Controls Market, by Country, 2021-2026 (USD Million)
Table 101 Europe: Sensors Market, by Country, 2017-2020 (USD Million)
Table 102 Europe: Sensors Market, by Country, 2021-2026 (USD Million)
11.3.1 EU5
11.3.1.1 Focus on Advanced Technologies Help Create High Growth Opportunities for Vertical Farming Market in Eu5
Table 103 EU5: Farming Market, by Structure, 2017-2020 (USD Million)
Table 104 EU5: Vertical Farming Market, by Structure, 2021-2026 (USD Million)
Table 105 EU5: Vertical Farming Market, by Growth Mechanism, 2017-2020 (USD Million)
Table 106 EU5: Vertical Farming Market, by Growth Mechanism, 2021-2026 (USD Million)
Table 107 EU5: Lighting Market, by Lighting Component, 2017-2020 (USD Million)
Table 108 EU5: Lighting Market, by Lighting Component, 2021-2026 (USD Million)
11.3.2 Scandinavia
11.3.2.1 Deployment of Vertical Farms in Restaurants, Retail, and Grocery Stores Eliminates Food Wastage During Transportation in Scandinavia
Table 109 Scandinavia: Farming Market, by Structure, 2017-2020 (USD Million)
Table 110 Scandinavia: Vertical Farming Market, by Structure, 2021-2026 (USD Million)
Table 111 Scandinavia: Vertical Farming Market, by Growth Mechanism, 2017-2020 (USD Million)
Table 112 Scandinavia: Vertical Farming Market, by Growth Mechanism, 2021-2026 (USD Million)
Table 113 Scandinavia: Lighting Market, by Lighting Component, 2017-2020 (USD Million)
Table 114 Scandinavia: Lighting Market, by Lighting Component, 2021-2026 (USD Million)
11.3.3 Netherlands
11.3.3.1 Partnerships and Collaborations Between Leading Vertical Farming Companies Are Driving Market's Growth in Netherlands
Table 115 Netherlands: Farming Market, by Structure, 2017-2020 (USD Million)
Table 116 Netherlands: Vertical Farming Market, by Structure, 2021-2026 (USD Million)
Table 117 Netherlands: Vertical Farming Market, by Growth Mechanism, 2017-2020 (USD Million)
Table 118 Netherlands: Vertical Farming Market, by Growth Mechanism, 2021-2026 (USD Million)
Table 119 Netherlands: Lighting Market, by Lighting Component, 2017-2020 (USD Million)
Table 120 Netherlands: Lighting Market, by Lighting Component, 2021-2026 (USD Million)
11.3.4 Rest of Europe
Table 121 Rest of Europe: Vertical Farming Market, by Structure, 2017-2020 (USD Million)
Table 122 Rest of Europe: Vertical Farming Market, by Structure, 2021-2026 (USD Million)
Table 123 Rest of Europe: Vertical Farming Market, by Growth Mechanism, 2017-2020 (USD Million)
Table 124 Rest of Europe: Vertical Farming Market, by Growth Mechanism, 2021-2026 (USD Million)
Table 125 Rest of Europe: Lighting Market, by Lighting Component, 2017-2020 (USD Million)
Table 126 Rest of Europe: Lighting Market, by Lighting Component, 2021-2026 (USD Million)
11.4 Asia-Pacific
Figure 45 Vertical Farming Market Snapshot: Asia-Pacific
Table 127 Asia-Pacific: Vertical Farming Market, by Country, 2017-2020 (USD Million)
Table 128 Asia-Pacific: Vertical Farming Market, by Country, 2021-2026 (USD Million)
Table 129 Asia-Pacific: Vertical Farming Market, by Structure, 2017-2020 (USD Million)
Table 130 Asia-Pacific: Vertical Farming Market, by Structure, 2021-2026 (USD Million)
Table 131 Asia-Pacific: Vertical Farming Market, by Growth Mechanism, 2017-2020 (USD Million)
Table 132 Asia-Pacific: Vertical Farming Market, by Growth Mechanism, 2021-2026 (USD Million)
Table 133 Asia-Pacific: Lighting Market, by Country, 2017-2020 (USD Million)
Table 134 Asia-Pacific: Lighting Market, by Country, 2021-2026 (USD Million)
Table 135 Asia-Pacific: Lighting Market, by Lighting Components, 2017-2020 (USD Million)
Table 136 Asia-Pacific: Lighting Market, by Lighting Components, 2021-2026 (USD Million)
Table 137 Asia-Pacific: Hydroponic Components Market, by Country, 2017-2020 (USD Million)
Table 138 Asia-Pacific: Hydroponic Components Market, by Country, 2021-2026 (USD Million)
Table 139 Asia-Pacific: Climate Controls Market, by Country, 2017-2020 (USD Million)
Table 140 Asia-Pacific: Climate Controls Market, by Country, 2021-2026 (USD Million)
Table 141 Asia-Pacific: Sensors Market, by Country, 2017-2020 (USD Million)
Table 142 Asia-Pacific: Sensors Market, by Country, 2021-2026 (USD Million)
11.4.1 China
11.4.1.1 Investment in Vertical Farming is Increasing Due to Increase in Urban Population and Declining Agricultural Land in China
Table 143 China: Vertical Farming Market, by Structure, 2017-2020 (USD Million)
Table 144 China: Vertical Farming Market, by Structure, 2021-2026 (USD Million)
Table 145 China: Vertical Farming Market, by Growth Mechanism, 2017-2020 (USD Million)
Table 146 China: Vertical Farming Market, by Growth Mechanism, 2021-2026 (USD Million)
Table 147 China: Lighting Market, by Lighting Component, 2017-2020 (USD Million)
Table 148 China: Lighting Market, by Lighting Component, 2021-2026 (USD Million)
11.4.2 Japan
11.4.2.1 High Involvement in R&D for Vertical Farming Producing Growth Opportunities for Vertical Farming Market in Japan
Table 149 Japan: Vertical Farming Market, by Structure, 2017-2020 (USD Million)
Table 150 Japan: Vertical Farming Market, by Structure, 2021-2026 (USD Million)
Table 151 Japan: Vertical Farming Market, by Growth Mechanism, 2017-2020 (USD Million)
Table 152 Japan: Vertical Farming Market, by Growth Mechanism, 2021-2026 (USD Million)
Table 153 Japan: Lighting Market, by Lighting Component, 2017-2020 (USD Million)
Table 154 Japan: Lighting Market, by Lighting Component, 2021-2026 (USD Million)
11.4.3 Singapore
11.4.3.1 Support from Government and Achieving Food Security Helping Singapore to Become Global Leader in Vertical Farming
Table 155 Singapore: Vertical Farming Market, by Structure, 2017-2020 (USD Million)
Table 156 Singapore: Vertical Farming Market, by Structure, 2021-2026 (USD Million)
Table 157 Singapore: Vertical Farming Market, by Growth Mechanism, 2017-2020 (USD Million)
Table 158 Singapore: Vertical Farming Market, by Growth Mechanism, 2021-2026 (USD Million)
Table 159 Singapore: Lighting Market, by Lighting Component, 2017-2020 (USD Million)
Table 160 Singapore: Lighting Market, by Lighting Component, 2021-2026 (USD Million)
11.4.4 Rest of Asia-Pacific
Table 161 Rest of Asia-Pacific: Vertical Farming Market, by Structure, 2017-2020 (USD Million)
Table 162 Rest of Asia-Pacific: Vertical Farming Market, by Structure, 2021-2026 (USD Million)
Table 163 Rest of Asia-Pacific: Vertical Farming Market, by Growth Mechanism, 2017-2020 (USD Million)
Table 164 Rest of Asia-Pacific: Vertical Farming Market, by Growth Mechanism, 2021-2026 (USD Million)
Table 165 Rest of Asia-Pacific: Lighting Market, by Lighting Component, 2017-2020 (USD Million)
Table 166 Rest of Asia-Pacific: Lighting Market, by Lighting Component, 2021-2026 (USD Million)
11.5 Rest of the World
Table 167 RoW: Vertical Farming Market, by Country, 2017-2020 (USD Million)
Table 168 RoW: Vertical Farming Market, by Country, 2021-2026 (USD Million)
Table 169 RoW: Vertical Farming Market, by Structure, 2017-2020 (USD Million)
Table 170 RoW: Vertical Farming Market, by Structure, 2021-2026 (USD Million)
Table 171 RoW: Vertical Farming Market, by Growth Mechanism, 2017-2020 (USD Million)
Table 172 RoW: Vertical Farming Market, by Growth Mechanism, 2021-2026 (USD Million)
Table 173 RoW: Lighting Market, by Country, 2017-2020 (USD Million)
Table 174 RoW: Lighting Market, by Country, 2021-2026 (USD Million)
Table 175 RoW: Lighting Market, by Lighting Components, 2017-2020 (USD Million)
Table 176 RoW: Lighting Market, by Lighting Components, 2021-2026 (USD Million)
Table 177 RoW: Hydroponic Components Market, by Country, 2017-2020 (USD Million)
Table 178 RoW: Hydroponic Components Market, by Country, 2021-2026 (USD Million)
Table 179 RoW: Climate Controls Market, by Country, 2017-2020 (USD Million)
Table 180 RoW: Climate Controls Market, by Country, 2021-2026 (USD Million)
Table 181 RoW: Sensors Market, by Country, 2017-2020 (USD Million)
Table 182 RoW: Sensors Market, by Country, 2021-2026 (USD Million)
11.5.1 Middle East & Africa
11.5.1.1 Increase in Investments to Develop Indoor Vertical Farming in Middle East & Africa
Table 183 Middle East & Africa: Vertical Farming Market, by Structure, 2017-2020 (USD Million)
Table 184 Middle East & Africa: Vertical Farming Market, by Structure, 2021-2026 (USD Million)
Table 185 Middle East & Africa: Vertical Farming Market, by Growth Mechanism, 2017-2020 (USD Million)
Table 186 Middle East & Africa: Vertical Farming Market, by Growth Mechanism, 2021-2026 (USD Million)
Table 187 Middle East & Africa: Lighting Market, by Lighting Component, 2017-2020 (USD Million)
Table 188 Middle East & Africa: Lighting Market, by Lighting Component, 2021-2026 (USD Million)
11.5.2 South America
11.5.2.1 Emergence of Start-Ups Involved in Vertical Farming to Boost Growth of Market in South America
Table 189 South America: Vertical Farming Market, by Structure, 2017-2020 (USD Million)
Table 190 South America: Vertical Farming Market, by Structure, 2021-2026 (USD Million)
Table 191 South America: Vertical Farming Market, by Growth Mechanism, 2017-2020 (USD Million)
Table 192 South America: Vertical Farming Market, by Growth Mechanism, 2021-2026 (USD Million)
Table 193 South America: Lighting Market, by Lighting Component, 2017-2020 (USD Million)
Table 194 South America: Lighting Market, by Lighting Component, 2021-2026 (USD Million)
12 Competitive Landscape
12.1 Overview
Figure 46 Organic and Inorganic Strategies Adopted by Companies Operating in Vertical Farming Market
12.2 Market Share and Ranking Analysis
Table 195 Vertical Farming Market: Degree of Competition,2020 (Lighting Providers)
Table 196 Vertical Farming Market: Degree of Competition,2020 (Crop Producers)
12.3 Five-Year Company Revenue Analysis
Figure 47 Revenue Analysis for Key Companies in Past Five Years
12.4 Vertical Farming Market: Company Evaluation Matrix (For OEMs and System Integrators), 2020
Figure 48 Vertical Farming Market: Company Evaluation Matrix (For OEMs and System Integrators), 2020
12.4.1 Star
12.4.2 Pervasive Player
12.4.3 Emerging Leader
12.4.4 Participant
12.5 Competitive Benchmarking
Table 197 Company Footprint
Table 198 Company Offering Footprint
Table 199 Company Regional Footprint
12.6 Vertical Farming Market: Company Evaluation Matrix (For Growers /Vertical Farming Companies), 2020
Figure 49 Vertical Farming Market: Company Evaluation Matrix (For Growers/Vertical Farming Companies), 2020
12.6.1 Star
12.6.2 Pervasive
12.6.3 Emerging Leader
12.6.4 Participant
12.7 Competitive Scenario and Trends
12.7.1 Product Launches
Table 200 Vertical Farming Market: Product Launches and Developments, February 2019-June 2021
12.7.2 Deals
Table 201 Vertical Farming Market: Deals, March 2020-August 2021
12.7.3 Expansions
Table 202 Vertical Farming Market: Others, March 2019-August 2021
13 Company Profile
13.1 Introduction
13.2 Key Players
Business Overview, Products/Solutions/Services Offered, Analyst's View
13.2.1 Signify
Table 203 Signify: Business Overview
Figure 50 Signify: Company Snapshot
Table 204 Signify: Products/Solutions/Services Offerings
Table 205 Signify: Deals
13.2.2 Osram
Table 206 Osram: Business Overview
Figure 51 Osram: Company Snapshot
Table 207 Osram: Products/Solutions/Services Offerings
Table 208 Osram: Product Launches
Table 209 Osram: Deals
Table 210 Osram: Others
13.2.3 Freight Farms
Table 211 Freight Farms Business Overview
Table 212 Freight Farms: Products/Solutions/Services Offerings
Table 213 Freight Farms: Product Launches
Table 214 Freight Farms: Deals
Table 215 Freight Farms: Others
13.2.4 Aerofarms
Table 216 Aerofarms: Business Overview
Table 217 Aerofarms: Products/Solutions/Services Offerings
Table 218 Aerofarms: Deals
Table 219 Aerofarms: Others
13.2.5 Sky Greens
Table 220 Sky Greens: Business Overview
Table 221 Sky Greens: Products/Solutions/Services Offerings
13.2.6 Spread
Table 222 Spread: Business Overview
Table 223 Spread: Products/Solutions/Services Offerings
13.2.7 Plenty
Table 224 Plenty: Business Overview
Table 225 Plenty: Products/Solutions/Services Offerings
Table 226 Plenty: Others
13.2.8 Valoya
Table 227 Valoya: Business Overview
Table 228 Valoya: Products/Solutions/Services Offerings
Table 229 Valoya: Deals
13.2.9 Everlight Electronics
Table 230 Everlight Electronics: Business Overview
Figure 52 Everlight Electronics: Company Snapshot
Table 231 Everlight Electronics: Products/Solutions/Services Offerings
13.2.10 Heliospectra Ab
Table 232 Heliospectra Ab: Business Overview
Figure 53 Heliospectra Ab: Company Snapshot
Table 233 Heliospectra Ab: Products/Solutions/Services Offerings
Table 234 Heliospectra Ab: Product Launches
Table 235 Heliospectra Ab: Deals
Table 236 Heliospectra Ab: Others
13.2.11 Green Sense Farms
Table 237 Green Sense Farms: Business Overview
Table 238 Green Sense Farms: Products/Solutions/Services Offerings
13.2.12 Agrilution
Table 239 Agrilution: Business Overview
Table 240 Agrilution: Products/Solutions/Services Offerings
13.2.13 American Hydroponics
Table 241 American Hydroponics: Business Overview
Table 242 American Hydroponics: Products/Solutions/Services Offerings
13.2.14 Urban Crop Solutions
Table 243 Business Overview: Urban Crop Solutions
Table 244 Urban Crop Solutions: Products/Solutions/Services Offerings
13.3 Other Key Players
13.3.1 Vertical Farm Systems
13.3.2 Bowery Farming
13.3.3 Agricool
13.3.4 Sananbio
13.3.5 Growpod Solutions
13.3.6 Infarm
13.3.7 Altius Farms
13.3.8 Intelligent Growth Solutions
13.3.9 4D Bios Inc
13.3.10 Future Crops
13.3.11 Bright Farms
13.3.12 Swegreen
13.3.13 Vertical Future Ltd.
Details on Business Overview, Products/Solutions/Services Offered, Analyst's View Might Not be Captured in Case of Unlisted Companies.
14 Appendix
14.1 Insights from Industry Experts
14.2 Discussion Guide
14.3 Knowledge Store: Subscription Portal
14.4 Available Customizations
14.5 Related Reports
14.6 Author Details

Executive Summary

Companies Mentioned

  • 4D Bios Inc
  • Aerofarms
  • Agricool
  • Agrilution
  • Altius Farms
  • American Hydroponics
  • Bowery Farming
  • Bright Farms
  • Everlight Electronics
  • Freight Farms
  • Future Crops
  • Green Sense Farms
  • Growpod Solutions
  • Heliospectra Ab
  • Infarm
  • Intelligent Growth Solutions
  • Osram
  • Plenty
  • Sananbio
  • Signify
  • Sky Greens
  • Spread
  • Swegreen
  • Urban Crop Solutions
  • Valoya
  • Vertical Farm Systems
  • Vertical Future Ltd.