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Vertical Farmings Market, By Component (Irrigation Component, Climate Control, Lighting System, Building Material, Sensor, and Others); By Growth Mechanism (Hydroponics, Aeroponics, and Aquaponics); By Farm Structure (Building Based Structure, and Container Based Structure) Market - Growth, Future Prospects, Post COVID-19 Scenario 2021 – 2028

 Report Code
 Category
 Published Date
 Pages
 Format
MNR-1500
Agriculture
26 July 2021
247
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Vertical farming is the process of growing food in a vertically stacked layer. Vertical farms attempt to grow food in challenging atmospheres, such as arable land which is rare or inaccessible. Most vertical farms choose enclosed structure identical to greenhouses which stack vertically, either directly above each other or staggered for better natural light exposure. Hydroponics method is used wherever saving space is of greatest importance. It helps to reduce weight as well as lower water necessities by up to 70%. Aeroponics method is also used to reduce weight and water requirement. Presently, there are 2,04,387sq m of indoor farms working across the world, and that number is anticipated to rise almost tenfold to 2 million sq m in the upcoming five years.
 
Various components of vertical farming market are irrigation component, lighting system, sensor, climate control, building material, and others. These components monitor the farm’s environment, crop development, as well as control the number of nutrients in the solution. Based on growth mechanism, vertical farming market is segmented as hydroponics, aeroponics, and aquaponics. Hydroponics is the mostly used growth mechanism owing to  low setting up costs and comfort of procedures. Building based structure, and container-based structure are two types of farm structures in vertical farming. The main profits of container-based farming are that container farms are easy to transport, and there is no need of a huge piece of land.
 
Some of the major players from the vertical farmings market include Green Sense Farms, LLC, AeroFarms, LLC, BrightFarms Inc., Everlight Electronics Co., Ltd., Agrilution Systems GmbH, Spread Co. Ltd., Koninklijke Philiph N.V., Illumitex Inc., Plenty Unlimited Inc., and Crop One Holdings among others. Most of the players from vertical farming market are focusing on  partnerships, expansion of business, new product growths, as their business strategy. Some of the key players are also investing in research and development for product invention as well as development.

Global Vertical Farming Market, By Component
Based on the component, the vertical farming market is segmented into the following:
  • Irrigation Component
  • Lighting System
  • Sensor
  • Climate Control
  • Building Material
  • Others
Below graph provides a comparative analysis of the value contribution for each of the segment for the years 2020 and 2028:

Vertical Farmings Value Share, By Component, 2019 & 2028(% Value)


In 2020, lighting system segment led the overall vertical farming market and this segment is expected to witness significant development during the forecast period. The high share of the lighting system segment can be credited to the requirement of artificial lightning in vertical farms. Artificial lights offer sufficient light intensities needed for crop development, therefore are excessively utilized.

Global Vertical Farming Market, By Growth Mechanism
Based on growth mechanism, the vertical farming market is segmented into following:
  • Hydroponics
  • Aeroponics
  • Aquaponics
Below graph provides a comparative analysis of the value contribution for each of the segment for the years 2020 and 2028:

Vertical Farmings Value Share, By Growth Mechanism, 2019 & 2028(% Value)

 
In 2020, hydroponics segment led the overall vertical farming market. owing to the low cost as well as ease of processes. Moreover, this method eliminates the danger of soil organisms causing diseases. Increasing awareness among customers about the effects of pesticides is anticipated to increase the demand for hydroponics. Therefore, the  segment is anticipated to dominate the vertical farming market in forecast period too.

Global Vertical Farming Market, By Farm Structure
Based on farm structure, the vertical farming market is segmented into following:
  • Building Based Structure
  • Container Based Structure
Below graph provides a comparative analysis of the value contribution for each of the segment for the years 2020 and 2028:

Vertical Farmings Value Share, By Farm Structure, 2019 & 2028(% Value)

 
In 2020, container-based structure segment led the overall vertical farming market. This is due to capacity of the structure to aid and grow crops regardless of geographic location. Additionally, the cost of container-based structure declines with improved competition as the price of getting used containers is comparatively less, which permits other firms to come in the market space.

Global Vertical Farming Market, By Geography
Based on geography, the vertical farming market is segmented into following:
  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of Asia Pacific
  • Latin America
    • Mexico
    • Brazil
    • Rest of Latin America
  • Middle East and Africa (MEA)
    • GCC Countries
    • South Africa
    • Rest of MEA
Below graph provides a comparative analysis of the value contribution for each of the segment for the years 2020 and 2028:

Vertical Farmings Value Share, By Geography, 2019 & 2028(% Value)

 
In 2020, the overall vertical farming market was dominated by  Asia Pacific region in terms of market value. The region is anticipated to witness considerable growth during forecast period too. Asia Pacific region is one of the early pioneers in this industry and with the growing demand for organic food in the region, the growth of the vertical farming market is expected to boost. Apart from that, surge in awareness about the significance of alternate farming, due to less accessibility of fertile agricultural land as well as growing population in Asia Pacific region, is the main factor projected to outgrowth the demand.

Chapter 1    Preface
        1.1    Report Description
                1.1.1    Aim of the Report
                1.1.2    Report Target Audience
                1.1.3    Report Offering
        1.2    Research Scope
        1.3    Research Methodology
                1.3.1    Phase I – Secondary Research
                1.3.2    Phase II – Primary Research
                1.3.3    Phase III – Expert Panel Review
                1.3.4    Assumptions
                1.3.5    Top-Down and Bottom-Up Approach

Chapter 2    Executive Summary
        2.1    Market Snapshot: Global Vertical Farmings Market
        2.2    Global Vertical Farmings Market, By Component
        2.3    Global Vertical Farmings Market, By Growth Mechanism
        2.4    Global Vertical Farmings Market, By Farm Structure
        2.5    Global Vertical Farmings Market, By Geography

Chapter 3    Market Dynamics
        3.1    Product and Market Insights
                3.1.1    Global Vertical Farmings Market Value and Growth, 2018 – 2028, (US$ Mn) (Y-o-Y %)
        3.2    Market Dynamics
                3.2.1    Growth Drivers
                3.2.2    Market Restraints
                3.2.3    Impact Analysis of Drivers and Restraints
                3.2.4    COVID-19 Impact
        3.3    Attractive Investment Proposition
        3.4    Competitive Analysis
                3.4.1    Competitive Landscape in the Vertical Farmings Market

Chapter 4    Global Vertical Farmings Market Analysis, By Component
        4.1    Overview
        4.2    Irrigation Component
                4.2.1    Global Irrigation Component Market Value, 2018 – 2028, (US$ Mn)
        4.3    Lighting System
                4.3.1    Global Lighting System Market Value, 2018 – 2028, (US$ Mn)
        4.4    Sensor
                4.4.1    Global Sensor Market Value, 2018 – 2028, (US$ Mn)
        4.5    Climate Control
                4.5.1    Global Climate Control Market Value, 2018 – 2028, (US$ Mn)
        4.6    Building Material
                4.6.1    Global Building Material Market Value, 2018 – 2028, (US$ Mn)
        4.7    Others (Tanks, Pipes)
                4.7.1    Global Others (Tanks, Pipes) Market Value, 2018 – 2028, (US$ Mn)

Chapter 5    Global Vertical Farmings Market Analysis, By Growth Mechanism
        5.1    Overview
        5.2    Hydroponics
                5.2.1    Global Hydroponics Market Value, 2018 – 2028, (US$ Mn)
        5.3    Aeroponics
                5.3.1    Global Aeroponics Market Value, 2018 – 2028, (US$ Mn)
        5.4    Aquaponics
                5.4.1    Global Aquaponics Market Value, 2018 – 2028, (US$ Mn)

Chapter 6    Global Vertical Farmings Market Analysis, By Farm Structure
        6.1    Overview
        6.2    Building Based Structure
                6.2.1    Global Building Based Structure Market Value, 2018 – 2028, (US$ Mn)
        6.3    Container Based Structure
                6.3.1    Global Container Based Structure Market Value, 2018 – 2028, (US$ Mn)

Chapter 7    North America Vertical Farmings Market Analysis
        7.1    Overview
        7.2    North America Vertical Farmings Market Analysis, By Component, 2018 – 2028
                7.2.1    Market Analysis
        7.3    North America Vertical Farmings Market Analysis, By Growth Mechanism, 2018 – 2028
                7.3.1    Market Analysis
        7.4    North America Vertical Farmings Market Analysis, By Farm Structure, 2018 – 2028
                7.4.1    Market Analysis
        7.5    North America Vertical Farmings Market Analysis, By Country, 2018 – 2028
                7.5.1    Market Analysis
                7.5.2    U.S.
                7.5.3    Canada

Chapter 8    Europe Vertical Farmings Market Analysis
        8.1    Overview
        8.2    Europe Vertical Farmings Market Analysis, By Component, 2018 – 2028
                8.2.1    Market Analysis
        8.3    Europe Vertical Farmings Market Analysis, By Growth Mechanism, 2018 – 2028
                8.3.1    Market Analysis
        8.4    Europe Vertical Farmings Market Analysis, By Farm Structure, 2018 – 2028
                8.4.1    Market Analysis
        8.5    Europe Vertical Farmings Market Analysis, By Country, 2018 – 2028
                8.5.1    Market Analysis
                8.5.2    UK
                8.5.3    Germany
                8.5.4    France
                8.5.5    Rest of Europe

Chapter 9    Asia Pacific Vertical Farmings Market Analysis
        9.1    Overview
        9.2    Asia Pacific Vertical Farmings Market Analysis, By Component, 2018 – 2028
                9.2.1    Market Analysis
        9.3    Asia Pacific Vertical Farmings Market Analysis, By Growth Mechanism, 2018 – 2028
                9.3.1    Market Analysis
        9.4    Asia Pacific Vertical Farmings Market Analysis, By Farm Structure, 2018 – 2028
                9.4.1    Market Analysis
        9.5    Asia Pacific Vertical Farmings Market Analysis, By Country, 2018 – 2028
                9.5.1    Market Analysis
                9.5.2    China
                9.5.3    Japan
                9.5.4    India
                9.5.5    Rest of Asia Pacific

Chapter 10    Latin America Vertical Farmings Market Analysis
        10.1    Overview
        10.2    Latin America Vertical Farmings Market Analysis, By Component, 2018 – 2028
                10.2.1    Market Analysis
        10.3    Latin America Vertical Farmings Market Analysis, By Growth Mechanism, 2018 – 2028
                10.3.1    Market Analysis
        10.4    Latin America Vertical Farmings Market Analysis, By Farm Structure, 2018 – 2028
                10.4.1    Market Analysis
        10.5    Latin America Vertical Farmings Market Analysis, By Country, 2018 – 2028
                10.5.1    Market Analysis
                10.5.2    Mexico
                10.5.3    Brazil
                10.5.4    Rest of Latin America

Chapter 11    Middle East and Africa (MEA) Vertical Farmings Market Analysis
        11.1    Overview
        11.2    MEA Vertical Farmings Market Analysis, By Component, 2018 – 2028
                11.2.1    Market Analysis
        11.3    MEA Vertical Farmings Market Analysis, By Growth Mechanism, 2018 – 2028
                11.3.1    Market Analysis
        11.4    MEA Vertical Farmings Market Analysis, By Farm Structure, 2018 – 2028
                11.4.1    Market Analysis
        11.5    MEA Vertical Farmings Market Analysis, By Country, 2018 – 2028
                11.5.1    Market Analysis
                11.5.2    GCC Countries
                11.5.3    South Africa
                11.5.4    Rest of MEA

Chapter 12    Company Profiles
        12.1    Green Sense Farms, LLC
                12.1.1    Green Sense Farms, LLC: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent News and Announcements)
        12.2    AeroFarms, LLC
                12.2.1    AeroFarms, LLC: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent News and Announcements)
        12.3    BrightFarms Inc.
                12.3.1    BrightFarms Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent News and Announcements)
        12.4    Everlight Electronics Co., Ltd.
                12.4.1    Everlight Electronics Co., Ltd.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent News and Announcements)
        12.5    Agrilution Systems GmbH
                12.5.1    Agrilution Systems GmbH: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent News and Announcements)
        12.6    Spread Co. Ltd.
                12.6.1    Spread Co. Ltd.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent News and Announcements)
        12.7    Koninklijke Philiph N.V.
                12.7.1    Koninklijke Philiph N.V.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent News and Announcements)
        12.8    Illumitex Inc.
                12.8.1    Illumitex Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent News and Announcements)
        12.9    Plenty Unlimited Inc.
                12.9.1    Plenty Unlimited Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent News and Announcements)
        12.10    Crop One Holdings
                12.10.1    Crop One Holdings: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent News and Announcements)

 

List of Figures



FIG. 1    Global Vertical Farmings Market: Research Methodology
FIG. 2    Top-Down and Bottom Up Approach
FIG. 3    Global Vertical Farmings Market, By Component, 2020 (US$ Mn)
FIG. 4    Global Vertical Farmings Market, By Growth Mechanism, 2020 (US$ Mn)
FIG. 5    Global Vertical Farmings Market, By Farm Structure, 2020 (US$ Mn)
FIG. 6    Global Vertical Farmings Market, By Geography, 2020 (US$ Mn)
FIG. 7    Global Vertical Farmings Market Value and Growth, 2018 – 2028, (US$ Mn) (Y-o-Y %)
FIG. 8    Attractive Investment Proposition
FIG. 9    Market Positioning of Key Vertical Farmings Providers, 2020
FIG. 10    Global Vertical Farmings Market Value Share, By Component, 2020 & 2028 (% Value)
FIG. 11    Global Irrigation Component Market Value, 2018 – 2028, (US$ Mn)
FIG. 12    Global Lighting System Market Value, 2018 – 2028, (US$ Mn)
FIG. 13    Global Sensor Market Value, 2018 – 2028, (US$ Mn)
FIG. 14    Global Climate Control Market Value, 2018 – 2028, (US$ Mn)
FIG. 15    Global Building Material Market Value, 2018 – 2028, (US$ Mn)
FIG. 16    Global Others (Tanks, Pipes) Market Value, 2018 – 2028, (US$ Mn)
FIG. 17    Global Vertical Farmings Market Value Share, By Growth Mechanism, 2020 & 2028 (% Value)
FIG. 18    Global Hydroponics Market Value, 2018 – 2028, (US$ Mn)
FIG. 19    Global Aeroponics Market Value, 2018 – 2028, (US$ Mn)
FIG. 20    Global Aquaponics Market Value, 2018 – 2028, (US$ Mn)
FIG. 21    Global Vertical Farmings Market Value Share, By Farm Structure, 2020 & 2028 (% Value)
FIG. 22    Global Building Based Structure Market Value, 2018 – 2028, (US$ Mn)
FIG. 23    Global Container Based Structure Market Value, 2018 – 2028, (US$ Mn)
FIG. 24    U.S. Vertical Farmings Market Value, 2018 – 2028, (US$ Mn)
FIG. 25    Canada Vertical Farmings Market Value, 2018 – 2028, (US$ Mn)
FIG. 26    UK Vertical Farmings Market Value, 2018 – 2028, (US$ Mn)
FIG. 27    Germany Vertical Farmings Market Value, 2018 – 2028, (US$ Mn)
FIG. 28    France Vertical Farmings Market Value, 2018 – 2028, (US$ Mn)
FIG. 29    Rest of Europe Vertical Farmings Market Value, 2018 – 2028, (US$ Mn)
FIG. 30    China Vertical Farmings Market Value, 2018 – 2028, (US$ Mn)
FIG. 31    Japan Vertical Farmings Market Value, 2018 – 2028, (US$ Mn)
FIG. 32    India Vertical Farmings Market Value, 2018 – 2028, (US$ Mn)
FIG. 33    Rest of Asia Pacific Vertical Farmings Market Value, 2018 – 2028, (US$ Mn)
FIG. 34    Mexico Vertical Farmings Market Value, 2018 – 2028, (US$ Mn)
FIG. 35    Brazil Vertical Farmings Market Value, 2018 – 2028, (US$ Mn)
FIG. 36    Rest of Latin America Vertical Farmings Market Value, 2018 – 2028, (US$ Mn)
FIG. 37    GCC Countries Vertical Farmings Market Value, 2018 – 2028, (US$ Mn)
FIG. 38    South Africa Vertical Farmings Market Value, 2018 – 2028, (US$ Mn)
FIG. 39    Rest of MEA Vertical Farmings Market Value, 2018 – 2028, (US$ Mn)

 

List of Tables



TABLE 1    Market Snapshot: Global Vertical Farmings Market
TABLE 2    Impact Pointers
TABLE 3    Impact Analysis of Drivers and Restraints
TABLE 4    North America Vertical Farmings Market Value, By Component, 2018 – 2028
TABLE 5    North America Vertical Farmings Market Value, By Growth Mechanism, 2018 – 2028
TABLE 6    North America Vertical Farmings Market Value, By Farm Structure, 2018 – 2028
TABLE 7    North America Vertical Farmings Market Value, By Country, 2018 – 2028
TABLE 8    Europe Vertical Farmings Market Value, By Component, 2018 – 2028
TABLE 9    Europe Vertical Farmings Market Value, By Growth Mechanism, 2018 – 2028
TABLE 10    Europe Vertical Farmings Market Value, By Farm Structure, 2018 – 2028
TABLE 11    Europe Vertical Farmings Market Value, By Country, 2018 – 2028
TABLE 12    Asia Pacific Vertical Farmings Market Value, By Component, 2018 – 2028
TABLE 13    Asia Pacific Vertical Farmings Market Value, By Growth Mechanism, 2018 – 2028
TABLE 14    Asia Pacific Vertical Farmings Market Value, By Farm Structure, 2018 – 2028
TABLE 15    Asia Pacific Vertical Farmings Market Value, By Country, 2018 – 2028
TABLE 16    Latin America Vertical Farmings Market Value, By Component, 2018 – 2028
TABLE 17    Latin America Vertical Farmings Market Value, By Growth Mechanism, 2018 – 2028
TABLE 18    Latin America Vertical Farmings Market Value, By Farm Structure, 2018 – 2028
TABLE 19    Latin America Vertical Farmings Market Value, By Country, 2018 – 2028
TABLE 20    MEA Vertical Farmings Market Value, By Component, 2018 – 2028
TABLE 21    MEA Vertical Farmings Market Value, By Growth Mechanism, 2018 – 2028
TABLE 22    MEA Vertical Farmings Market Value, By Farm Structure, 2018 – 2028
TABLE 23    MEA Vertical Farmings Market Value, By Country, 2018 – 2028
TABLE 24    Green Sense Farms, LLC: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent News and Announcements)
TABLE 25    AeroFarms, LLC: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent News and Announcements)
TABLE 26    BrightFarms Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent News and Announcements)
TABLE 27    Everlight Electronics Co., Ltd.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent News and Announcements)
TABLE 28    Agrilution Systems GmbH: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent News and Announcements)
TABLE 29    Spread Co. Ltd.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent News and Announcements)
TABLE 30    Koninklijke Philiph N.V.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent News and Announcements)
TABLE 31    Illumitex Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent News and Announcements)
TABLE 32    Plenty Unlimited Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent News and Announcements)
TABLE 33    Crop One Holdings: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent News and Announcements)




 

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