Vertical Farming Market 2021-2027

Global Vertical Farming Market Size, Share & Trends Analysis Report by Structure Type (Building-based Vertical Farming and Shipping Container-based Vertical Farming), by Growth Mechanism (Aeroponics, Hydroponics, and Aquaponics), and by Component (Sensors, Lighting, Climatic Controls, Irrigation Component, Building Material, and Other Components) Forecast, 2021-2027

The global vertical farming market is projected to grow at a modest CAGR of 19.2% during the forecast period (2021-2027). The key aspect that drives the growth of the market includes the rising demand for more food products owing to the increasing population. Vertical farming is a radical approach to the production of food products as well as medicinal plants. Vertical farming also provides various benefits such as high yield products, a huge quantity of nutritious and quality fresh food which encourages the adoption of vertical farming across the globe. Besides, the rapidly rising trends and popularity of organic food products also encourages the implementation of vertical farming, which, in turn, aids the growth of the vertical farming market over the forecast period.

The global vertical farming market is segmented on the basis of structure type, growth mechanism, and component. Based on the structure type, the market is segmented as building-based vertical farming and shipping container-based vertical farming. The shipping container-based vertical farming segment is estimated to hold a lucrative share in the market. Based on the growth mechanism, the market is segmented as aeroponics, hydroponics, and aquaponics. The hydroponics segment is estimated to hold a lucrative share in the market. Based on the component, the market is segmented as sensors, lighting, climatic controls, irrigation component, building material, and other components. The lighting and climatic control segments are estimated to hold a lucrative share in the market.

Further, AeroFarms LLC, Illumitex Inc., Koninklijke Philips N.V., Everlight Electronics Co. Ltd., Hort Americas, LLC, Signify Holding, Sky Greens Pte. Ltd., American Hydroponic Systems Inc., Vertical Farm Systems among others are some of the prominent players functioning in the global vertical farming market. New product launches & developments, partnerships, agreements, and acquisitions are some of the growth strategies adopted by the players in order to sustain in the highly competitive market. 

Research Methodology

The market study of the global vertical farming market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. The team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity of our reports.

Secondary Sources Include

• Financial reports of companies involved in the market
• Whitepapers, research-papers, and news blogs
• Company websites and their product catalog

The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

1. Global Vertical Farming Market Research and Analysis by Structure Type
2. Global Vertical Farming Market Research and Analysis by Growth Mechanics
3. Global Vertical Farming Market Research and Analysis by Component

The Report Covers

• Comprehensive research methodology of the global vertical farming market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the global vertical farming market.
• Insights about market determinants which are stimulating the global vertical farming market.
• Detailed and extensive market segments with regional distribution of forecast revenues.
• Extensive profiles and recent developments of the market players.