Summary
The global Vertical Farming Technology 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.
Vertical farming is simply the cultivation of plants in vertically piled layers. It can be in the soil, in containers on raised beds, in the topsoil layer of a raised garden bed, or in raised beds and soil shelves. It generally includes controlled-environment cultivation, which aim at optimizing crop growth by fostering soil biology, and cultivation methods like hydroponics, aeroponics, and composting.
There are many advantages of vertical farming. It maximizes crop yields by allowing space between rows of the same plant, to provide additional air and light, without disturbing existing crops. Also, it allows for increased crop yields throughout the year, even in a changing climate, as long as the weather remains mild enough to allow good crops all year long. Vertical farming also reduces fertilization costs because the topsoil layer and the crops grow together. This means that there is no need to apply fertilizers to the crops, except in the case of hydroponic crops, where there may be seasonal application of fertilizer.
Market Dynamics
Increasing funding in indoor farming is expected propel growth of the vertical farming technology market over the forecast period. 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.
Regional expansion is expected to offer lucrative growth opportunities for players in the vertical farming technology market. For instance, in May 2021, iFarm, an ag tech company based in Finland, partnered with Sadarah, owner of Agrico Organic Farm, to expand its presence in Qatar. The companies will collaboratively manage a commercial-scale indoor farm based on iFarm’s latest vertical farming technology.
Major players operating in the vertical farming technology market are focused on launching new products to expand their product portfolio. For instance, in 2020, Advanced Energy launched Artesyn iTS, its newest lighting and power control system for indoor, vertical and greenhouse farming.
Key Takeaways
- Increasing funding in indoor farming is expected propel growth of the vertical farming technology market over the forecast period
- Major players operating in the vertical farming technology market are focused on expanding their presence. For instance, in April 2021, AeroFarms announced the ground breaking of its second commercial indoor vertical farm in Danville-Pittsylvania County, Virginia. Similarly, in May 2021, BrightFarms announced the starting of its latest indoor farm in Hendersonville, NC.
- Major players operating in the vertical farming technology market include, AeroFarms, Gotham Greens, Plenty (Bright Farms), Lufa Farms, Beijing IEDA Protected Horticulture, Green Sense Farms, Garden Fresh Farms, Mirai, Sky Vegetables, TruLeaf, iFarm, Urban Crops, Sky Greens, GreenLand, Scatil, Jingpeng, Metropolis Farms, Plantagon, Spread, Sanan Sino Science, and Nongzhong Wulian
The Vertical Farming Technology 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 Vertical Farming Technology 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
- Other
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 Vertical Farming Technology market Report:
- To assess the size of the market by value and volume
- Analyze the Vertical Farming Technology 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 Vertical Farming Technology 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 Vertical Farming Technology market
The Vertical Farming Technology 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 Vertical Farming Technology 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 Vertical Farming Technology market Revenue
1.4 Market Analysis by Type
1.5 Market by Application
1.5.1 Global Vertical Farming Technology market Share by Application: 2020 VS 2026
1.6 Coronavirus Disease 2019 (Covid-19) Impact: Vertical Farming Technology market
1.6.1 How the Covid-19 is Affecting the Vertical Farming Technology market
1.6.1.1 Vertical Farming Technology market Business Impact Assessment - Covid-19
1.6.2 Market Trends and Vertical Farming Technology 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 Vertical Farming Technology market Perspective (2015-2026)
2.2 Vertical Farming Technology market Growth Trends by Regions
2.2.1 Vertical Farming Technology market Size by Regions: 2015 VS 2020 VS 2026
2.2.2 Vertical Farming Technology market Historic Market Share by Regions (2015-2020)
2.2.3 Vertical Farming Technology 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 Vertical Farming Technology market Growth Strategy
2.3.6 Primary Interviews with Key Vertical Farming Technology market Players (Opinion Leaders)
3 Competition Landscape by Key Players
3.1 Global Top Vertical Farming Technology market Players by Market Size
3.1.1 Global Top Vertical Farming Technology market Players by Revenue (2015-2020)
3.1.2 Global Vertical Farming Technology market Revenue Market Share by Players (2015-2020)
3.1.3 Global Vertical Farming Technology market Share by Company Type (Tier 1, Tier 2 and Tier 3)
3.2 Global Vertical Farming Technology market Concentration Ratio
3.2.1 Global Vertical Farming Technology market Concentration Ratio (CR5 and HHI)
3.2.2 Global Top 10 and Top 5 Companies by Vertical Farming Technology market Revenue in 2019
3.3 Vertical Farming Technology market Key Players Head office and Area Served
3.4 Key Players Vertical Farming Technology market Product Solution and Service
3.5 Date of entering into Vertical Farming Technology market
3.6 Mergers & Acquisitions, Expansion Plans
4 Breakdown Data by Type (2015-2026)
4.1 Global Vertical Farming Technology market Historic Market Size by Type (2015-2020)
4.2 Global Vertical Farming Technology market Forecasted Market Size by Type (2021-2026)
5 Vertical Farming Technology market Breakdown Data by Application (2015-2026)
5.1 Global Vertical Farming Technology market Size by Application (2015-2020)
5.2 Global Vertical Farming Technology market Forecasted Market Size by Application (2021-2026)
6 North America
6.1 North America Vertical Farming Technology market Size (2015-2020)
6.2 Vertical Farming Technology market Key Players in North America (2019-2020)
6.3 North America Vertical Farming Technology market Size by Type (2015-2020)
6.4 North America Vertical Farming Technology market Size by Application (2015-2020)
7 Europe
7.1 Europe Vertical Farming Technology market Size (2015-2020)
7.2 Vertical Farming Technology market Key Players in Europe (2019-2020)
7.3 Europe Vertical Farming Technology market Size by Type (2015-2020)
7.4 Europe Vertical Farming Technology market Size by Application (2015-2020)
8 China
8.1 China Vertical Farming Technology market Size (2015-2020)
8.2 Vertical Farming Technology market Key Players in China (2019-2020)
8.3 China Vertical Farming Technology market Size by Type (2015-2020)
8.4 China Vertical Farming Technology market Size by Application (2015-2020)
9 Japan
9.1 Japan Vertical Farming Technology market Size (2015-2020)
9.2 Vertical Farming Technology market Key Players in Japan (2019-2020)
9.3 Japan Vertical Farming Technology market Size by Type (2015-2020)
9.4 Japan Vertical Farming Technology market Size by Application (2015-2020)
10 Southeast Asia
10.1 Southeast Asia Vertical Farming Technology market Size (2015-2020)
10.2 Vertical Farming Technology market Key Players in Southeast Asia (2019-2020)
10.3 Southeast Asia Vertical Farming Technology market Size by Type (2015-2020)
10.4 Southeast Asia Vertical Farming Technology market Size by Application (2015-2020)
11 India
11.1 India Vertical Farming Technology market Size (2015-2020)
11.2 Vertical Farming Technology market Key Players in India (2019-2020)
11.3 India Vertical Farming Technology market Size by Type (2015-2020)
11.4 India Vertical Farming Technology market Size by Application (2015-2020)
12 Central & South America
12.1 Central & South America Vertical Farming Technology market Size (2015-2020)
12.2 Vertical Farming Technology market Key Players in Central & South America (2019-2020)
12.3 Central & South America Vertical Farming Technology market Size by Type (2015-2020)
12.4 Central & South America Vertical Farming Technology market Size by Application (2015-2020)
13 Key Players Profiles
13.1 Company Details
13.2 Business Overview and Its Total Revenue
13.3 Vertical Farming Technology market Introduction
13.4 Vertical Farming Technology 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. Vertical Farming Technology market Key Market Segments
Table 2. Key Players Covered: Ranking by Vertical Farming Technology market Revenue
Table 3. Ranking of Global Top Vertical Farming Technology market Manufacturers by Revenue (US$ Million) in 2019
Table 4. Global Vertical Farming Technology market Size Growth Rate by Type (US$ Million): 2020 VS 2026
Table 5. COVID-19 Impact Global Market
Table 6. Opportunities and Trends for Vertical Farming Technology 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 Vertical Farming Technology market Players to Combat Covid-19 Impact
Table 10. Global Vertical Farming Technology market Size Growth by Application (US$ Million): 2020 VS 2026
Table 11. Global Vertical Farming Technology market Size by Regions (US$ Million): 2020 VS 2026
Table 12. Global Vertical Farming Technology market Size by Regions (2015-2020) (US$ Million)
Table 13. Global Vertical Farming Technology market Share by Regions (2015-2020)
Table 14. Global Vertical Farming Technology market Forecasted Market Size by Regions (2021-2026) (US$ Million)
Table 15. Global Vertical Farming Technology market Share by Regions (2021-2026)
Table 16. Market Top Trends
Table 17. Key Drivers: Impact Analysis
Table 18. Key Challenges
Table 19. Vertical Farming Technology market Growth Strategy
Table 20. Main Points Interviewed from Key Vertical Farming Technology market Players
Table 21. Global Vertical Farming Technology market Revenue by Players (2015-2020) (Million US$)
Table 22. Global Vertical Farming Technology market Share by Players (2015-2020)
Table 23. Global Top Vertical Farming Technology market Players by Company Type (Tier 1, Tier 2 and Tier 3) (based on the Revenue in Vertical Farming Technology market as of 2019)
Table 24. Global Vertical Farming Technology market by Players Market Concentration Ratio (CR5 and HHI)
Table 25. Key Players Headquarters and Area Served
Table 26. Key Players Vertical Farming Technology market Product Solution and Service
Table 27. Date of entering into Vertical Farming Technology market
Table 28. Mergers & Acquisitions, Expansion Plans
Table 29. Global Vertical Farming Technology market Size by Type (2015-2020) (Million US$)
Table 30. Global Vertical Farming Technology market Size Share by Type (2015-2020)
Table 31. Global Vertical Farming Technology market Revenue Market Share by Type (2021-2026)
Table 31. Global Vertical Farming Technology market Size Share by Application (2015-2020)
Table 33. Global Vertical Farming Technology market Size by Application (2015-2020) (Million US$)
Table 34. Global Vertical Farming Technology market Size Share by Application (2021-2026)
Table 35. North America Key Players Vertical Farming Technology market Revenue (2019-2020) (Million US$)
Table 36. North America Key Players Vertical Farming Technology market Share (2019-2020)
Table 37. North America Vertical Farming Technology market Size by Type (2015-2020) (Million US$)
Table 38. North America Vertical Farming Technology market Share by Type (2015-2020)
Table 39. North America Vertical Farming Technology market Size by Application (2015-2020) (Million US$)
Table 40. North America Vertical Farming Technology market Share by Application (2015-2020)
Table 41. Europe Key Players Vertical Farming Technology market Revenue (2019-2020) (Million US$)
Table 42. Europe Key Players Vertical Farming Technology market Share (2019-2020)
Table 43. Europe Vertical Farming Technology market Size by Type (2015-2020) (Million US$)
Table 44. Europe Vertical Farming Technology market Share by Type (2015-2020)
Table 45. Europe Vertical Farming Technology market Size by Application (2015-2020) (Million US$)
Table 46. Europe Vertical Farming Technology market Share by Application (2015-2020)
Table 47. China Key Players Vertical Farming Technology market Revenue (2019-2020) (Million US$)
Table 48. China Key Players Vertical Farming Technology market Share (2019-2020)
Table 49. China Vertical Farming Technology market Size by Type (2015-2020) (Million US$)
Table 50. China Vertical Farming Technology market Share by Type (2015-2020)
Table 51. China Vertical Farming Technology market Size by Application (2015-2020) (Million US$)
Table 52. China Vertical Farming Technology market Share by Application (2015-2020)
Table 53. Japan Key Players Vertical Farming Technology market Revenue (2019-2020) (Million US$)
Table 54. Japan Key Players Vertical Farming Technology market Share (2019-2020)
Table 55. Japan Vertical Farming Technology market Size by Type (2015-2020) (Million US$)
Table 56. Japan Vertical Farming Technology market Share by Type (2015-2020)
Table 57. Japan Vertical Farming Technology market Size by Application (2015-2020) (Million US$)
Table 58. Japan Vertical Farming Technology market Share by Application (2015-2020)
Table 59. Southeast Asia Key Players Vertical Farming Technology market Revenue (2019-2020) (Million US$)
Table 60. Southeast Asia Key Players Vertical Farming Technology market Share (2019-2020)
Table 61. Southeast Asia Vertical Farming Technology market Size by Type (2015-2020) (Million US$)
Table 62. Southeast Asia Vertical Farming Technology market Share by Type (2015-2020)
Table 63. Southeast Asia Vertical Farming Technology market Size by Application (2015-2020) (Million US$)
Table 64. Southeast Asia Vertical Farming Technology market Share by Application (2015-2020)
Table 65. India Key Players Vertical Farming Technology market Revenue (2019-2020) (Million US$)
Table 66. India Key Players Vertical Farming Technology market Share (2019-2020)
Table 67. India Vertical Farming Technology market Size by Type (2015-2020) (Million US$)
Table 68. India Vertical Farming Technology market Share by Type (2015-2020)
Table 69. India Vertical Farming Technology market Size by Application (2015-2020) (Million US$)
Table 70. India Vertical Farming Technology market Share by Application (2015-2020)
Table 71. Central & South America Key Players Vertical Farming Technology market Revenue (2019-2020) (Million US$)
Table 72. Central & South America Key Players Vertical Farming Technology market Share (2019-2020)
Table 73. Central & South America Vertical Farming Technology market Size by Type (2015-2020) (Million US$)
Table 74. Central & South America Vertical Farming Technology market Share by Type (2015-2020)
Table 75. Central & South America Vertical Farming Technology market Size by Application (2015-2020) (Million US$)
Table 76. Central & South America Vertical Farming Technology market Share by Application (2015-2020)
Table 77. Company Details
Table 78. Business Overview
Table 79. Product details
Table 80. Revenue in Vertical Farming Technology market Business (2015-2020) (Million US$)
Table 81. Recent Development
List of Figures
Figure 1. Global Vertical Farming Technology market Share by Type: 2020 VS 2026
Figure 2. Global Vertical Farming Technology market Share by Application: 2020 VS 2026
Figure 3. Emergency Care Case Studies
Figure 4. Outpatient Facilities Case Studies
Figure 5. Hospitals Case Studies
Figure 6. Home Healthcare Facilities Case Studies
Figure 7. Vertical Farming Technology market Report Years Considered
Figure 8. Global Vertical Farming Technology market Size YoY Growth 2015-2026 (US$ Million)
Figure 9. Global Vertical Farming Technology market Share by Regions: 2020 VS 2026
Figure 10. Global Vertical Farming Technology market Share by Regions (2021-2026)
Figure 11. Porter's Five Forces Analysis
Figure 12. Global Vertical Farming Technology market Share by Players in 2019
Figure 13. Global Top Vertical Farming Technology market Players by Company Type (Tier 1, Tier 2 and Tier 3) (based on the Revenue in Vertical Farming Technology market as of 2019
Figure 14. The Top 10 and 5 Players Market Share by Vertical Farming Technology market Revenue in 2019
Figure 15. North America Vertical Farming Technology market Size YoY Growth (2015-2020) (Million US$)
Figure 16. Europe Vertical Farming Technology market Size YoY Growth (2015-2020) (Million US$)
Figure 17. China Vertical Farming Technology market Size YoY Growth (2015-2020) (Million US$)
Figure 18. Japan Vertical Farming Technology market Size YoY Growth (2015-2020) (Million US$)
Figure 19. Southeast Asia Vertical Farming Technology market Size YoY Growth (2015-2020) (Million US$)
Figure 20. India Vertical Farming Technology market Size YoY Growth (2015-2020) (Million US$)
Figure 21. Central & South America Vertical Farming Technology 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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