Vertical Farming Market

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The global vertical farming market is expected to increase from $ 1,269.3 million in 2016, to $ 6,009.8 million by 2023, registering the CAGR of 24.9%. The global vertical farming market is primarily driven due to continuous growing global population and rising demand for year round food production worldwide. Further focus on agricultural practices which are less dependence on climatic conditions would propel the demand of vertical farms over the coming years. The report segments the vertical farming market into its growing channel, growing platform, crop type, hardware component and geography. Hydroponics channel was the largest growing channel, employed in vertical farms owing to its easy implementation. The market growth for aeroponics is expected to remain highest among all other growing channel over the forecast period. Green crops including, leafy green, lettuce, spinach and kale is the most yielded crop in global vertical farming market. Climate control system being the most critical pieces of technology for the vertical farms garnered major share of vertical farms installation. This system comprises of sensors, ventilation fans, air purification control and some level of control for HVAC and lighting equipment.

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Vertical Farming developing sustenance in vertical stacked layers set to witness a CAGR of 24.9 during 2017-2023 The global vertical farming market is expected to witness a CAGR of 24.9 and is projected to reach USD 6009.8 million by 2023. Factors propelling the growth of the vertical farming market include increasing demand for pesticide free food rising global population and increasing demand for year round food production worldwide along with less dependence on climatic conditions are further improving the demand for vertical farming. Further advancement in irrigation techniques advanced plant breeding and development of synthetic nitrogen fertilizers would increase the growth of the global vertical farming market in the upcoming years. The report segments vertical farming market by Growing Channel Hydroponics Aeroponics and Aquaponics by Growing platform Shipping Container and Building by Crop Type Greens Vine Crops Strawberry Fruits and flowers Herbs Tomatoes Cannabis and Others by Hardware Component Lighting Devices Hydroponic Components Climate Control Sensing Devices and Othersand by Region North America Europe Asia-Pacific and RoW. The report studies the global vertical farming market during the forecast period 2017-2023. Vertical farming is a cutting edge arrangement of controlled-condition farming. The necessity of vertical farming is increase in yield generation security from harsh climate related issues and protection of assets natural harvests vitality creation and so forth with essential innovative necessity of simulated lighting. Vertical farming traditionally is focused on growing leafy greens as the demand for spinach kale lettuces and herbs generally have been the easiest crops to grow in such systems. This approach is changing rapidly as farmers look for higher margin niches especially ones where indoor farms have a natural advantage such as being able to protect delicate crops or growing off-season Browse full research report with TOC on "Global Vertical Farming Market Outlook Trend and Opportunity Analysis Competitive Insights Actionable Segmentation and Forecast 2023" at: http://energiasmarketresearch.com/global-vertical-farming-market-industry-analysis/ Key findings of the Vertical Farming Market -  The vertical farming market is expected to reach USD 6009.8 million by 2023  The hydroponics market has a potential to grow and is projected to witness the highest growth as it provide benefits such as rapid crop growth higher yield faster harvest and low nutrient wastage  Based on growing platform the shipping container held the largest market share of the vertical farming market in 2016  Based on crop type the green crop yielded the most and held largest share of the global vertical farming market  Lighting as a hardware device in terms of value is expected to grow at the highest rate between 2017 and 2023  Geographically Asia-Pacific held the major market share in 2016 and is expected to continue being the largest market growing at a significant rate during 2017 – 2023 in terms of revenue.

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 The key players operating in the vertical farming market include AeroFarm LLC Vertical farm systems PTY Ltd. Terrasphere System LLC FastCompany Inc. Spread Co. Sharp Corporation Fujitsu Ltd. Panasonic Ltd. Toshiba Ltd. Mirai Co. Ltd. FarmedHere LLC Sky Greens Co. Ltd. Plant Co. Ltd. Alterrus Systems Inc. Domes International Inc. Golden Agri Resources Ltd. New Quantum Holdings Pte Ltd. Farmart Centre Pte Ltd. Green Spirit Farms LLC. and Freight Farms Inc. Vertical Farming- innovative agriculture The world is set to reach 9.1 billion people in 2050 around the globe. Innovation is in demand which is one of the driving factors for the vertical farming. This would result in fulfilling the demand with less impact on land and water resources. Vertical farming is now being implemented around the world. Vertical farms produce crops in stacked layers often in controlled environments such as those built by AeroFarms in Newark New Jersey. The vertical farms are using the technology called aeroponics allowing crops to grow on top of each other without soil sunlight or fertilizer. AeroFarms claims that it uses 95 less water than a traditional farm due to its specially designed root misting system. Automatic seed planters harvesting robots greenhouse roof washers indoor farming has long relied on automation and this trend is increasing the demand for technologies. Many technologies are still emerging like Canadian research group Vineland Research and Innovation Centres trailing robot that picks mushrooms. Vertical Farming- regional insight The vertical farming in Europe is expected to register highest CAGR across the globe during the forecast period. The European vertical farming market is driven by the major initiatives taken by the European Environment Agency EEA that focuses on building vertical farms to overcome challenges such as climate change continuous population growth and safe agricultural practice as well as to meet the challenges of producing food in an eco-friendly way with quality and quantity. The U.S. held the largest share of the North American vertical farming market in 2016. There are several variations of vertical farms being tested throughout the U.S and new innovations and technology is expected to increase the energy efficiency and profit margins of these farms in the future. The number of vertical farms is under construction in the United States and is expected to be fully functional in coming years. Countries such as Canada have fertile tract and less population and do not have food scarcity however many vertical farms for growth of specific crops has been constructed in the country. Mexico is an emerging market for the vertical farming market in the North American region. In 2016 Asia-Pacific was the largest market in the global vertical farming market. The growth of the market in the region is governed to the awareness regarding the importance of alternative methods of the farming owing to the rapid increase in population and low availability of agriculture land. Transition economies of Asia-Pacific region is adapting to the fast changing dietary pattern towards high protein vitamin and mineral rich diets demanded by a growing population with gradually increasing purchasing power. About Energias Market Research Pvt. Ltd. -

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Energias Market Research launched with the objective to provide in-depth market analysis business research solutions and consultation that is tailored to our client’s specific needs based on our impeccable research methodology. With a wide range of expertise from various industrial sectors and more than 50 industries that include energy chemical and materials information communication technology semiconductor industries healthcare and daily consumer goods etc. We strive to provide our clients with a one-stop solution for all research and consulting needs. Our comprehensive industry-specific knowledge enables us in creating high quality global research outputs. This wide-range capability differentiates us from our competitors. Contact: Mr. Alan Andrews Business Development Manager For any queries email us: infoenergiasmarketresearch.com To purchase report: salesenergiasmarketresearch.com Call us: +1-716-239-4915 Visit: https://www.energiasmarketresearch.com/

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