Vertical farming may be a method of cultivating various sorts of produce in vertically arranged layers, in unused vertical spaces of warehouses, skyscrapers, shipping containers, etc. This process enables profitability for several organizations so as to satisfy their Corporate Social Responsibility (CSR) through sustainable agricultural practices. The opposite benefits of vertical farming technology include the utilization of controlled-environment agriculture technology and indoor farming techniques, where all environmental factors are often controlled for the development of the crop.
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Vertical farming is administered through 3 modes or technologies: aeroponics, hydroponics and aquaponics. Each process employs various equipment, fruits, vegetables, herbs and aquatic species. This cultivation technique finds wide usage in several indoor and outdoor applications. Source: Secondary Databases, Primary Interviews and 99 Reports Research Analysis Global Vertical Farming Produce Industry Dynamics Rapidly growing global population and therefore the demand for higher agricultural yields with limited arable land is that the factor, which can positively impact the vertical farming market within the coming years.
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Global Vertical Farming Produce Market - Key Segment -
Global Vertical Farming Produce Market by Technology -
- Aeroponics
- Hydroponics
- Aquaponics
Global Vertical Farming Produce Market by Structure -
- Indoor Vertical Farming
- Building-Based Vertical Farming
- Shipping Containers Vertical Farming
- Outdoor Vertical Farming
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Global Vertical Farming Produce Market - Geographical Analysis By geography, the global Vertical Farming Produce Market is segmented into North America, Asia-Pacific (APAC), Europe, South America, and the Middle East and Africa (MEA).The UN Sustainable Development Goals list the need for achieving food security, improved nutrition, and promoting sustainable agriculture globally. The organization aims to seek sustainable solutions to end hunger by 2030. With declining arable land, retreating quality of existing farmland, soil erosion, erratic climate, and rainfall, vertical farming techniques with low dependence on climate are being looked at as solutions to improve quality of life. With progressive solutions and implementation, Europe's vertical farming market holds the largest demand, with over one-third of the entire global share. This is due to the presence of extensive R&D centre’s and venture capitalists in the region. The Asia Pacific displayed the highest YoY growth for aeroponics, hydroponics, and aquaponics over recent years and could overtake other continents in the near future
Global Vertical Farming Produce Market -
Competitive Analysis
Some of the key leaders companies in the market include -
- AeroFarms
- Gills N Claws Pte Ltd
- Illumitex Inc
- MOFLO aeroponics
- Sky Greens
- SPREAD Co Ltd
- Triton Foodworks
- ZipGrow Inc
- Urban Crop Solutions
- AmHydro
- EVERLIGHT ELECTRONICS CO Ltd
- Agrinamics
- CropOne
- PLENTY UNLIMITED INC
- OSRAM GmbH
- Valoya
- Signify Holding
- HELIOSPECTRA AB
- Altius Farms
- CubicFarm Systems Inc
- Agrilution
- Green Sense Farms Holdings Inc
- Bowery Farming Inc
- Infarm
- among others
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