According to the new market research report by IndustryARC, titled “Vertical Farming Market By Type (Mixed-use, Despommier skyscrapers, others) By Application (Agricultural, Aquaculture and Others), By Technologies (Hydroponics, Aeroponics, Others), By Components (Pumps, LEDs, Others) & By Geography — Forecast(2018–2023)”, the market is driven by improvement in the irrigation techniques and development of synthetic nitrogen fertilizers.
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The Asia Pacific to dominate the Vertical Farming Market:
The Asia Pacific will dominate the vertical farming market due to the increasing awareness about the importance of alternative farming, less availability of agricultural land and increasing population. Europe will have a significant growth due to the expansion of the genetically modified crop technology. The growing adoption of nano technology and robotics for farming enhances the demand for vertical farming in the region. The growth of urban population along with the commercialization of indoor farming will drive the market demand in Africa.
Selected Regulatory Analysis done in the full Report:
The indoor vertical farm is the biggest segment in the Vertical Farming Market. The indoor farms consist of growing fruits, vegetables and fishes in warehouses, parking lots, controlled environments and shipping. The shipping container based farming is popular in US and China, as these farms provide higher incomes apart from the seasonal changes that affect the quality of the outdoor crop. The controlled environment agriculture is also becoming popular. This factor will drive the demand for indoor vertical farming.
Selected Driving Factors Mentioned in the Full Report:
The growing popularity of organic foods will drive the growth of vertical farming systems in the coming years.
The growing depletion of ground water and changing climatic conditions compel the farmers to adopt alternate farming methods. This factor is crucial for the growth of vertical agriculture system during the forecast period.
A.Organic Farming Market
B.Precision Farming and Tools Market
Vertical Farming Market is segmented as below:
The growth in urban population and the decrease in arable land will drive the demand for vertical farming.
A. Vertical Farming Market By Types
1. Mixed-use skyscrapers
2. Despommier’s skyscrapers
3. Stackable shipping containers
B. Vertical Farming Market By Technologies
1.1. Wick System
1.2. Water Culture
1.3. EBB and Flow(Flood and drain)
1.4. Drip System
1.5. Nutrient Film Technique
1. AeroFarm LLC
2. Vertical farm systems PTY Ltd.
3. Terrasphere System LLC
4. FastCompany Inc.
5. Spread Co.
6. Sharp Corporation
7. Fujitsu Ltd.
8. Panasonic Ltd.
9. Toshiba Ltd.
10. Mirai Co. Ltd.
What can you expect from the report?
The Vertical Farming Market Report is Prepared with the Main Agenda to Cover the following points:
1. Market Size by Product Categories
2. Market trends
3. Manufacturer Landscape
4. Distributor Landscape
5. Pricing Analysis
6. Top 10 End user Analysis
7. Product Benchmarking
8. Product Developments
9. Mergers & Acquisition Analysis
10. Patent Analysis
Any other major customizations can be discussed with our team and can provide a separate quote based on your requirements. You can drop an e-mail to [email protected] to discuss more about our consulting services.
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