Summary
The global Indoor Vertical Farm Market is expected to witness a CAGR of xx% over the forecast period 2020-2026 and is expected to reach US$ xx million in 2026, from US$ xx million in 2020.
With indoor growing, the temperature can be regulated year-round, all year long. There are no more nights, when the sun is too hot or too cold. You will never miss the crisp air or the fragrant aromas that come from home-grown vegetables. The most compelling reason for getting into indoor vertical farming, other than the fact it lets you grow your veggies virtually all year round, is the fact that it's a very clean way of cultivating your crops. Indoor vertical farming is a way to increase food production, without resorting to industrial-scale methods, or employing a great deal of land. These systems tend to be much more productive, as well, because they put less demand on the resources of the area in which they are located. That means that you get more crops out of the space, year-after-year. This increases your food production and allows you to feed more people.
Market Dynamics
Increasing adoption indoor vertical farming is expected to propel growth of the indoor vertical farm market over the forecast period. For instance, according to Artemis, a Cultivation Management Platform for enterprise greenhouses, indoor and high tunnel farms, 2020 State of Indoor Farming report, done in partnership with Startle, growers are expected to add more technology to various forms of indoor farming for the rest of this year and into the next.
Increasing funding in indoor farming is expected to offer lucrative growth opportunities for players in the indoor vertical farm market. For instance, in May 2021, the U.S-based vertical farming startup Bowery Farming raised US$ 300 million in Series C. The round brought the company’s total funding to US$ 472 million.
Key Takeaways
- Increasing adoption indoor vertical farming is expected to propel growth of the indoor vertical farm market over the forecast period
- Major players operating in the indoor vertical farm market are focused on adopting various strategies to enhance their market share. For instance, in May 2021, Vertical Field will provide a demo unit to the Glen Cove senior living lodge in Vallejo, California, as part of a pilot, after which it will expand to seven other centers.
- Major players operating in the indoor vertical farm market include, AeroFarms, Gotham Greens, Plenty (Bright Farms), Lufa Farms, Beijing IEDA Protected Horticulture, Green Sense Farms, Garden Fresh Farms, Mirai, Vertical Field, Sky Vegetables, TruLeaf, Urban Crops, Sky Greens, GreenLand, Scatil, Jingpeng, Metropolis Farms, Plantagon, Spread, Sanan Sino Science, and Nongzhong Wulian
The Indoor Vertical Farm Market report highlights product development and growth strategies such as mergers and acquisitions adopted by market players along with SWOT Analysis, PEST, and Porter’s Five Forces analyses of the Indoor Vertical Farm Market, which highlight the strengths, weaknesses, opportunities, and commination of key companies. Moreover, the report offers two distinct market forecasts, one from the perspective of the producer and another from that of the consumer.
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers.
The Key Manufacturers covered in this Report:-
- AeroFarms
- Gotham Greens
- Plenty (Bright Farms)
- Lufa Farms
- Beijing IEDA Protected Horticulture
- Green Sense Farms
- Garden Fresh Farms
- Mirai
- Sky Vegetables
- TruLeaf
- Urban Crops
- Sky Greens
- GreenLand
- Scatil
- Jingpeng
- Metropolis Farms
- Plantagon
- Spread
- Sanan Sino Science
- Nongzhong Wulian
By Product Type, the market is primarily segmented into:
- Aeroponics
- Hydroponics
- Other
By Applications, the market is segmented into:
- Vegetable Cultivation
- Fruit Planting
The report covers the following Regions:
- North America
- United States
- Canada
- Mexico
- Asia Pacific
- China
- Japan
- South Korea
- India
- Australia
- Indonesia
- Thailand
- Malaysia
- Philippines
- Vietnam
- Europe
- Germany
- France
- UK
- Italy
- Russia
- Central & South America
- Middle East & Africa
- Turkey
- GCC Countries
- Egypt
- South Africa
The objective of the Indoor Vertical Farm Market Report:
- To assess the size of the market by value and volume
- Analyze the Indoor Vertical Farm Market in terms of regions and major countries
- Highlight recent developments and trends in the market
- Offer perceptive data regarding major market players in terms of key developments, strategies, and product portfolio
- Determine share of the Indoor Vertical Farm Market in terms of various segments such as by product type, application, and end-user
- Offer accurate projection of the market for the forecast period using state-of-the-art tools and the current primary and secondary research approaches
- Discuss major factors that impact the growth of the Indoor Vertical Farm Market
The Indoor Vertical Farm Market engages the readers with all pivotal approaches to understand their position in the industry based on revenue or sales growth. The report efficiently evaluates the Indoor Vertical Farm Market from various dimensions to deliver an end-product that is informative, elaborate, and accurate and includes detailed market segmentation, regional analysis, and competition in the market. The information in the report is backed by annual company reports, financial reports, press releases, regulatory databases, government documents, and statistical databases.
For the data information by region, company, type, and application, 2020 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Key Stakeholders:
- Material suppliers/wholesalers
- Market Distributors/traders
- Regulatory bodies
- Research organizations, and consulting firms
- Commercial research & developments (R&D)
- Trade associations and industry bodies
- Importers and exporters
- End-use industries
Available Customizations:
Custom research is one of the most crucial components of the business strategy that helps an organization gain insight into a specific business sector, aligned with its specific area of interest. Thus, SMI offers more accurate, pragmatic, and actionable information specifically tailored to suit your business needs.
1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered: Ranking by Indoor Vertical Farm Market Revenue
1.4 Market Analysis by Type
1.5 Market by Application
1.5.1 Global Indoor Vertical Farm Market Share by Application: 2020 VS 2026
1.6 Coronavirus Disease 2019 (Covid-19) Impact: Indoor Vertical Farm Market
1.6.1 How the Covid-19 is Affecting the Indoor Vertical Farm Market
1.6.1.1 Indoor Vertical Farm Market Business Impact Assessment - Covid-19
1.6.2 Market Trends and Indoor Vertical Farm Market Potential Opportunities in the COVID-19 Landscape
1.6.3 Measures / Proposal against Covid-19
1.6.3.1 Government Measures to Combat Covid-19 Impact
1.7 Study Objectives
1.8 Years Considered
2 Global Growth Trends by Regions
2.1 Indoor Vertical Farm Market Perspective (2015-2026)
2.2 Indoor Vertical Farm Market Growth Trends by Regions
2.2.1 Indoor Vertical Farm Market Size by Regions: 2015 VS 2020 VS 2026
2.2.2 Indoor Vertical Farm Market Historic Market Share by Regions (2015-2020)
2.2.3 Indoor Vertical Farm Market Forecasted Market Size by Regions (2021-2026)
2.3 Industry Trends and Growth Strategy
2.3.1 Market Top Trends
2.3.2 Market Drivers
2.3.3 Market Challenges
2.3.4 Porters Five Forces Analysis
2.3.5 Indoor Vertical Farm Market Growth Strategy
2.3.6 Primary Interviews with Key Indoor Vertical Farm Market Players (Opinion Leaders)
3 Competition Landscape by Key Players
3.1 Global Top Indoor Vertical Farm Market Players by Market Size
3.1.1 Global Top Indoor Vertical Farm Market Players by Revenue (2015-2020)
3.1.2 Global Indoor Vertical Farm Market Revenue Market Share by Players (2015-2020)
3.1.3 Global Indoor Vertical Farm Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
3.2 Global Indoor Vertical Farm Market Concentration Ratio
3.2.1 Global Indoor Vertical Farm Market Concentration Ratio (CR5 and HHI)
3.2.2 Global Top 10 and Top 5 Companies by Indoor Vertical Farm Market Revenue in 2019
3.3 Indoor Vertical Farm Market Key Players Head office and Area Served
3.4 Key Players Indoor Vertical Farm Market Product Solution and Service
3.5 Date of entering into Indoor Vertical Farm Market
3.6 Mergers & Acquisitions, Expansion Plans
4 Breakdown Data by Type (2015-2026)
4.1 Global Indoor Vertical Farm Market Historic Market Size by Type (2015-2020)
4.2 Global Indoor Vertical Farm Market Forecasted Market Size by Type (2021-2026)
5 Indoor Vertical Farm Market Breakdown Data by Application (2015-2026)
5.1 Global Indoor Vertical Farm Market Size by Application (2015-2020)
5.2 Global Indoor Vertical Farm Market Forecasted Market Size by Application (2021-2026)
6 North America
6.1 North America Indoor Vertical Farm Market Size (2015-2020)
6.2 Indoor Vertical Farm Market Key Players in North America (2019-2020)
6.3 North America Indoor Vertical Farm Market Size by Type (2015-2020)
6.4 North America Indoor Vertical Farm Market Size by Application (2015-2020)
7 Europe
7.1 Europe Indoor Vertical Farm Market Size (2015-2020)
7.2 Indoor Vertical Farm Market Key Players in Europe (2019-2020)
7.3 Europe Indoor Vertical Farm Market Size by Type (2015-2020)
7.4 Europe Indoor Vertical Farm Market Size by Application (2015-2020)
8 China
8.1 China Indoor Vertical Farm Market Size (2015-2020)
8.2 Indoor Vertical Farm Market Key Players in China (2019-2020)
8.3 China Indoor Vertical Farm Market Size by Type (2015-2020)
8.4 China Indoor Vertical Farm Market Size by Application (2015-2020)
9 Japan
9.1 Japan Indoor Vertical Farm Market Size (2015-2020)
9.2 Indoor Vertical Farm Market Key Players in Japan (2019-2020)
9.3 Japan Indoor Vertical Farm Market Size by Type (2015-2020)
9.4 Japan Indoor Vertical Farm Market Size by Application (2015-2020)
10 Southeast Asia
10.1 Southeast Asia Indoor Vertical Farm Market Size (2015-2020)
10.2 Indoor Vertical Farm Market Key Players in Southeast Asia (2019-2020)
10.3 Southeast Asia Indoor Vertical Farm Market Size by Type (2015-2020)
10.4 Southeast Asia Indoor Vertical Farm Market Size by Application (2015-2020)
11 India
11.1 India Indoor Vertical Farm Market Size (2015-2020)
11.2 Indoor Vertical Farm Market Key Players in India (2019-2020)
11.3 India Indoor Vertical Farm Market Size by Type (2015-2020)
11.4 India Indoor Vertical Farm Market Size by Application (2015-2020)
12 Central & South America
12.1 Central & South America Indoor Vertical Farm Market Size (2015-2020)
12.2 Indoor Vertical Farm Market Key Players in Central & South America (2019-2020)
12.3 Central & South America Indoor Vertical Farm Market Size by Type (2015-2020)
12.4 Central & South America Indoor Vertical Farm Market Size by Application (2015-2020)
13 Key Players Profiles
13.1 Company Details
13.2 Business Overview and Its Total Revenue
13.3 Indoor Vertical Farm Market Introduction
13.4 Indoor Vertical Farm Market Business (2015-2020)
13.5 Recent Development
14 Analyst's Viewpoints/Conclusions
15 Appendix
15.1 Research Methodology
15.1.1 Methodology/Research Approach
15.1.2 Data Source
15.2 Disclaimer
15.3 Author Details
List of Table
Table 1. Indoor Vertical Farm Market Key Market Segments
Table 2. Key Players Covered: Ranking by Indoor Vertical Farm Market Revenue
Table 3. Ranking of Global Top Indoor Vertical Farm Market Manufacturers by Revenue (US$ Million) in 2019
Table 4. Global Indoor Vertical Farm Market Size Growth Rate by Type (US$ Million): 2020 VS 2026
Table 5. COVID-19 Impact Global Market
Table 6. Opportunities and Trends for Indoor Vertical Farm Market Players in the COVID-19 Landscape
Table 7. Present Opportunities in China & Elsewhere Due to the Coronavirus Crisis
Table 8. Key Regions/Countries Measures against Covid-19 Impact
Table 9. Proposal for Indoor Vertical Farm Market Players to Combat Covid-19 Impact
Table 10. Global Indoor Vertical Farm Market Size Growth by Application (US$ Million): 2020 VS 2026
Table 11. Global Indoor Vertical Farm Market Size by Regions (US$ Million): 2020 VS 2026
Table 12. Global Indoor Vertical Farm Market Size by Regions (2015-2020) (US$ Million)
Table 13. Global Indoor Vertical Farm Market Share by Regions (2015-2020)
Table 14. Global Indoor Vertical Farm Market Forecasted Market Size by Regions (2021-2026) (US$ Million)
Table 15. Global Indoor Vertical Farm Market Share by Regions (2021-2026)
Table 16. Market Top Trends
Table 17. Key Drivers: Impact Analysis
Table 18. Key Challenges
Table 19. Indoor Vertical Farm Market Growth Strategy
Table 20. Main Points Interviewed from Key Indoor Vertical Farm Market Players
Table 21. Global Indoor Vertical Farm Market Revenue by Players (2015-2020) (Million US$)
Table 22. Global Indoor Vertical Farm Market Share by Players (2015-2020)
Table 23. Global Top Indoor Vertical Farm Market Players by Company Type (Tier 1, Tier 2 and Tier 3) (based on the Revenue in Indoor Vertical Farm Market as of 2019)
Table 24. Global Indoor Vertical Farm Market by Players Market Concentration Ratio (CR5 and HHI)
Table 25. Key Players Headquarters and Area Served
Table 26. Key Players Indoor Vertical Farm Market Product Solution and Service
Table 27. Date of entering into Indoor Vertical Farm Market
Table 28. Mergers & Acquisitions, Expansion Plans
Table 29. Global Indoor Vertical Farm Market Size by Type (2015-2020) (Million US$)
Table 30. Global Indoor Vertical Farm Market Size Share by Type (2015-2020)
Table 31. Global Indoor Vertical Farm Market Revenue Market Share by Type (2021-2026)
Table 31. Global Indoor Vertical Farm Market Size Share by Application (2015-2020)
Table 33. Global Indoor Vertical Farm Market Size by Application (2015-2020) (Million US$)
Table 34. Global Indoor Vertical Farm Market Size Share by Application (2021-2026)
Table 35. North America Key Players Indoor Vertical Farm Market Revenue (2019-2020) (Million US$)
Table 36. North America Key Players Indoor Vertical Farm Market Share (2019-2020)
Table 37. North America Indoor Vertical Farm Market Size by Type (2015-2020) (Million US$)
Table 38. North America Indoor Vertical Farm Market Share by Type (2015-2020)
Table 39. North America Indoor Vertical Farm Market Size by Application (2015-2020) (Million US$)
Table 40. North America Indoor Vertical Farm Market Share by Application (2015-2020)
Table 41. Europe Key Players Indoor Vertical Farm Market Revenue (2019-2020) (Million US$)
Table 42. Europe Key Players Indoor Vertical Farm Market Share (2019-2020)
Table 43. Europe Indoor Vertical Farm Market Size by Type (2015-2020) (Million US$)
Table 44. Europe Indoor Vertical Farm Market Share by Type (2015-2020)
Table 45. Europe Indoor Vertical Farm Market Size by Application (2015-2020) (Million US$)
Table 46. Europe Indoor Vertical Farm Market Share by Application (2015-2020)
Table 47. China Key Players Indoor Vertical Farm Market Revenue (2019-2020) (Million US$)
Table 48. China Key Players Indoor Vertical Farm Market Share (2019-2020)
Table 49. China Indoor Vertical Farm Market Size by Type (2015-2020) (Million US$)
Table 50. China Indoor Vertical Farm Market Share by Type (2015-2020)
Table 51. China Indoor Vertical Farm Market Size by Application (2015-2020) (Million US$)
Table 52. China Indoor Vertical Farm Market Share by Application (2015-2020)
Table 53. Japan Key Players Indoor Vertical Farm Market Revenue (2019-2020) (Million US$)
Table 54. Japan Key Players Indoor Vertical Farm Market Share (2019-2020)
Table 55. Japan Indoor Vertical Farm Market Size by Type (2015-2020) (Million US$)
Table 56. Japan Indoor Vertical Farm Market Share by Type (2015-2020)
Table 57. Japan Indoor Vertical Farm Market Size by Application (2015-2020) (Million US$)
Table 58. Japan Indoor Vertical Farm Market Share by Application (2015-2020)
Table 59. Southeast Asia Key Players Indoor Vertical Farm Market Revenue (2019-2020) (Million US$)
Table 60. Southeast Asia Key Players Indoor Vertical Farm Market Share (2019-2020)
Table 61. Southeast Asia Indoor Vertical Farm Market Size by Type (2015-2020) (Million US$)
Table 62. Southeast Asia Indoor Vertical Farm Market Share by Type (2015-2020)
Table 63. Southeast Asia Indoor Vertical Farm Market Size by Application (2015-2020) (Million US$)
Table 64. Southeast Asia Indoor Vertical Farm Market Share by Application (2015-2020)
Table 65. India Key Players Indoor Vertical Farm Market Revenue (2019-2020) (Million US$)
Table 66. India Key Players Indoor Vertical Farm Market Share (2019-2020)
Table 67. India Indoor Vertical Farm Market Size by Type (2015-2020) (Million US$)
Table 68. India Indoor Vertical Farm Market Share by Type (2015-2020)
Table 69. India Indoor Vertical Farm Market Size by Application (2015-2020) (Million US$)
Table 70. India Indoor Vertical Farm Market Share by Application (2015-2020)
Table 71. Central & South America Key Players Indoor Vertical Farm Market Revenue (2019-2020) (Million US$)
Table 72. Central & South America Key Players Indoor Vertical Farm Market Share (2019-2020)
Table 73. Central & South America Indoor Vertical Farm Market Size by Type (2015-2020) (Million US$)
Table 74. Central & South America Indoor Vertical Farm Market Share by Type (2015-2020)
Table 75. Central & South America Indoor Vertical Farm Market Size by Application (2015-2020) (Million US$)
Table 76. Central & South America Indoor Vertical Farm Market Share by Application (2015-2020)
Table 77. Company Details
Table 78. Business Overview
Table 79. Product details
Table 80. Revenue in Indoor Vertical Farm Market Business (2015-2020) (Million US$)
Table 81. Recent Development
List of Figures
Figure 1. Global Indoor Vertical Farm Market Share by Type: 2020 VS 2026
Figure 2. Global Indoor Vertical Farm Market Share by Application: 2020 VS 2026
Figure 3. Emergency Care Case Studies
Figure 4. Outpatient Facilities Case Studies
Figure 5. Hospitals Case Studies
Figure 6. Home Healthcare Facilities Case Studies
Figure 7. Indoor Vertical Farm Market Report Years Considered
Figure 8. Global Indoor Vertical Farm Market Size YoY Growth 2015-2026 (US$ Million)
Figure 9. Global Indoor Vertical Farm Market Share by Regions: 2020 VS 2026
Figure 10. Global Indoor Vertical Farm Market Share by Regions (2021-2026)
Figure 11. Porter's Five Forces Analysis
Figure 12. Global Indoor Vertical Farm Market Share by Players in 2019
Figure 13. Global Top Indoor Vertical Farm Market Players by Company Type (Tier 1, Tier 2 and Tier 3) (based on the Revenue in Indoor Vertical Farm Market as of 2019
Figure 14. The Top 10 and 5 Players Market Share by Indoor Vertical Farm Market Revenue in 2019
Figure 15. North America Indoor Vertical Farm Market Size YoY Growth (2015-2020) (Million US$)
Figure 16. Europe Indoor Vertical Farm Market Size YoY Growth (2015-2020) (Million US$)
Figure 17. China Indoor Vertical Farm Market Size YoY Growth (2015-2020) (Million US$)
Figure 18. Japan Indoor Vertical Farm Market Size YoY Growth (2015-2020) (Million US$)
Figure 19. Southeast Asia Indoor Vertical Farm Market Size YoY Growth (2015-2020) (Million US$)
Figure 20. India Indoor Vertical Farm Market Size YoY Growth (2015-2020) (Million US$)
Figure 21. Central & South America Indoor Vertical Farm Market Size YoY Growth (2015-2020) (Million US$)
Figure 22. Bottom-up and Top-down Approaches for This Report
Figure 23. Data Triangulation
Figure 24. Key Executives Interviewed
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