Vertical Farming Market-Global Analysis and Forecast (2017-2023): Highlighting Components (Lighting, Sensors, Climate Control), End Produce, Growth Mechanism (Hydroponics, Aquapoincs, Aeroponics), High Growth and Emerging Markets

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Table of Content

TOC
USD
1. Report Scope, Market Definition, and Research Objective

1.1. Market Definition
1.2. Research Scope
1.3. Research Objective

0
2. Report Abstract 399
3. Research Methodology

3.1. Vertical Farming Market Research Methodology
3.2. Data Sources
3.3. Assumptions and Limitations

199
4. Industry Overview

4.1. Introduction
4.2. Ecosystem/Stakeholders
4.3. Value Chain Analysis
4.4. Top Vertical Farming Market Trends
4.5. Vertical Farming Software and Services Market
4.6. Industry Roadmap

4.6.1. For Start-ups
4.6.2. For Growth Stage Market Players
4.6.3. For Established Market Players

249
5. Market Dynamics

5.1. Market Drivers

5.1.1. Finding alternatives to conventional farming becomes imperative to meet food sufficiency
5.1.2. Consistency in higher, faster, and better quality yields, irrespective of weather conditions
5.1.3. Long term cost-effectiveness and early ROI
5.1.4. Increasing Buyer’s propensity towards salad greens and exotic vegetables
5.1.5. Environment friendly crop production

5.1.5.1. Water Conservation
5.1.5.2. Pesticide and herbicide reduction

5.1.6. Customized Farming

5.2. Market Challenges

5.2.1. Paucity of information pertaining to soil-less farming techniques and the concept of vertical farming
5.2.2. Lack of skilled labors
5.2.3. High initial cost (CapEx)
5.2.4. Restricted crop variety in current farms
5.2.5. Lack of government initiatives

5.3. Vertical Farming Market Opportunity Analysis

5.3.1. The multi-billion legal cannabis industry and its increasing indoor cultivation
5.3.2. Involvement of more varied industry behemoths
5.3.3. Opportunity for biopharmaceutical companies
5.3.4. Adoption of renewable energy

199
6. Competitive Landscape

6.1. Strategic Benchmarking

6.1.1. Partnerships, Collaborations, and Agreements
6.1.2. New Farm Setup and Product Launch
6.1.3. Business Expansion
6.1.4. Mergers and Acquisitions
6.1.5. Important Company Events

6.2. Industry Attractiveness

6.2.1. Porter’s Five Forces Analysis I
6.2.2. Porter’s Fiver Forces Analysis II

199
7. Global Vertical Farming Market Analysis and Forecast by Component, 2017-2023

7.1. Overview
7.2. Lighting Devices
7.3. Growth Mechanism Components
7.4. Sensing Devices
7.5. Climate Control Components

1099
8. Global Vertical Farming Market Analysis and Forecast by Growth Mechanism, 2017-2023

8.1. Overview
8.2. Hydroponics
8.3. Aquaponics
8.4. Aeroponics and Others

899
9. Global Vertical Farming Market Analysis and Forecast by End Produce, 2017-2023

9.1. Overview
9.2. Lettuce
9.3. Tomato
9.4. Cucumber
9.5. Others (Pepper, Herbs, and other Salad Greens)

749
10. Global Vertical Farming Market Analysis and Forecast by Geography, 2017-2023

10.1. Overview
10.2. North America Vertical Farming Market

10.2.1. The United States (U.S.)
10.2.2. Canada
10.2.3. Mexico

10.3. Europe Vertical Farming Market

10.3.1. The United Kingdom (U.K.)
10.3.2. Germany
10.3.3. Rest of Europe (Russia, Belgium, Turkey others)

10.3.3.1. The Netherlands
10.3.3.2. Russia
10.3.3.3. Other Countries

10.4. Asia Pacific Vertical Farming Market

10.4.1. China
10.4.2. Japan
10.4.3. India
10.4.4. Singapore
10.4.5. Other Asia-Pacific Countries

10.5. Rest of the World (ROW) Vertical Farming Market

10.5.1. Middle East
10.5.2. Latin America
10.5.3. Africa

1099
11. Company Profiles [Company Snapshot, Company’s Vertical Farming Market Participation]

11.1. Aerofarms
11.2. AFFINOR Growers
11.3. Agrilution
11.4. Everlight Electronics Co. Ltd.
11.5. Fujitsu
11.6. Green Sense Farms LLC.
11.7. Illumitex
11.8. Indoor Harvest Corporation
11.9. Infinite Harvest
11.10. Philips Lighting
11.11. Plenty Inc.
11.12. Sky Greens
11.13. Urban Crop Solution
11.14. Other Key Players

11.14.1. Fluence Bioengineering
11.14.2. Buckeye Fresh
11.14.3. SPREAD Co. Ltd.
11.14.4. Lumigrow
11.14.5. Valoya
11.14.6. AEssense Grows
11.14.7. Whole Plant Technologies
11.14.8. Others

749
12. Annexure

12.1 Key Reports aligned to this Vertical
12.2 Customization offerings

0

LIST OF TABLES

1. Vertical Farming Market Key Partnerships/Collaborations/Agreements (2015-2017)
2. Vertical Farming Market prominent farm setups and product launch (2016-2017)
3. Vertical Farming Market Key Business Expansion Activities (2016-2017)
4. Vertical Farming Market Key Mergers and Acquisitions (2016-2017)
5. Vertical Farming Market Important Company Events (2016-2017)
6. Threat of New Entrants (Analysis I)
7. Bargaining Power of Buyers (Analysis I)
8. Bargaining Power of Suppliers (Analysis I)
9. Threat of Substitutes (Analysis I)
10. Intensity of Competitive Rivalry (Analysis I)
11. Threat of New Entrants (Analysis II)
12. Bargaining Power of Buyers (Analysis II)
13. Bargaining Power of Suppliers (Analysis II)
14. Threat of Substitutes (Analysis II)
15. Intensity of Competitive Rivalry (Analysis II)
16. Global Vertical Farming Market by Component, 2017-2023
17. Global Vertical Farming Lighting Device Market by Growth Mechanism, 2017-2023
18. Global Vertical Farming Lighting Device Market by Geography, 2017-2023
19. Global Vertical Farming Growth Mechanism Component Market by Growth Mechanism Type, 2017-2023
20. Global Vertical Farming Growth Mechanism Component Market by Geography, 2017-2023
21. Global Vertical Farming Sensing Device Market by Growth Mechanism Type, 2017-2023
22. Global Vertical Farming Sensing Device Market by Geography, 2017-2023
23. Global Vertical Farming Climate Control Component Market by Growth Mechanism Type, 2017-2023
24. Global Vertical Farming Climate Control Component Market by Geography, 2017-2023
25. Global Vertical Farming Market by Growth Mechanism, 2017-2023
26. Global Hydroponics based Vertical Farming Market by Component, 2017-2023
27. Global Hydroponics based Vertical Farming Market by Geography, 2017-2023
28. Global Aeroponics based Vertical Farming Market by Component, 2017-2023
29. Global Aeroponics based Vertical Farming Market by Geography, 2017-2023
30. Global Aquaponics/Others based Vertical Farming Market by Component, 2017-2023
31. Global Aquaponics/Others based Vertical Farming Market by Geography, 2017-2023
32. Global Vertical Farming Market by End Produce, 2017-2023
33. Global Vertical Farming Market by Geography, 2017-2023
34. North America Vertical Farming Market by Key Countries, 2017-2023
35. North America Vertical Farming Market by Component, 2017-2023
36. North America Vertical Farming Market by Growth Mechanism, 2017-2023
37. North America Vertical Farming Market by End Produce, 2017-2023
38. List of Prominent Vertical Farms in the U.S.
39. Europe Vertical Farming Market by Key Countries, 2017-2023
40. Europe Vertical Farming Market by Component, 2017-2023
41. Europe Vertical Farming Market by Growth Mechanism, 2017-2023
42. Europe Vertical Farming Market by End Produce, 2017-2023
43. Other European Countries Vertical Farming Market Overview
44. Asia-Pacific Vertical Farming Market by Key Countries, 2017-2023
45. Asia-Pacific Vertical Farming Market by Component, 2017-2023
46. Asia-Pacific Vertical Farming Market by Growth Mechanism, 2017-2023
47. Asia-Pacific Vertical Farming Market by End Produce, 2017-2023
48. Other Asia-Pacific Countries Vertical Farming Market Overview
49. ROW Vertical Farming Market by Key Regions, 2017-2023
50. ROW Vertical Farming Market by Component, 2017-2023
51. ROW Vertical Farming Market by Growth Mechanism, 2017-2023
52. ROW Vertical Farming Market by End Produce,2017-2023

LIST OF FIGURES

1. Global Vertical Farming Market Research Scope by EMR
2. Key Questions Answered in this Report
3. Key Data Sources for Vertical Farming Market Analysis
4. Arable land Vs Population Growth
5. Vertical Farming Vs. Conventional Farming-Quick Facts
6. Global Vertical Farming Market Dynamics
7. Vertical Farming Components Market Size
8. Vertical Farming Growth Mechanism Market Size
9. Vertical Farming Growth Platform Overview
10. Vertical Farming Geographical Overview
11. The Vertical Farming Market Ecosystem
12. Vertical Farming Market Drivers-Impact Analysis
13. Why alternatives to conventional farming are required?
14. Cost reduction factors in vertical farming
15. Vertical Farming Market Challenges-Impact Analysis
16. Foundational cost components for setting up a vertical farm
17. Vertical Farming Market Opportunity Matrix
18. Vertical Farming Industry Attractiveness: Porter’s Five Forces Analysis I
19. Vertical Farming Industry Attractiveness: Porter’s Five Forces Analysis II
20. Importance of Artificial Lighting in Vertical Farming
21. Key Vertical Farming Sensors
22. Importance of Climate Control Components in Vertical Farming
23. Optimal Climate Control Equipment Requirement for Vertical Farming
24. Prominent Hydroponics based Vertical Farms
25. AeroFarms Aeroponics Based Vertical Farm-Quick Features
26. Points of Difference between Aeroponics and Hydroponics
27. Conventionally Vs. Unconventionally Grown End Produce
28. Vertical Farming Market Geographical Split
29. Vertical Farming as a Potential Solution for Mexican Agriculture Industry
30. Vertical Farming Challenges-Addressing in Mexican Content
31. U.K. Vertical Farming Market Recent Developments
32. Progress of Vertical Farming Market in Germany
33. Key farming challenges in China
34. Prominent Developments in China’s Vertical Farming Market
35. Prominent Developments in Japan’s Vertical Farming Market
36. Urban Farming in India-Key Developments
37. Other Asia-Pacific Countries Vertical Farming Market Overview
38. AeroFarms’ Vertical Farms Overview
39. Everlight’s Agriculture LED Portfolio

Vertical Farming Market-Global Analysis and Forecast (2017-2023): Highlighting Components (Lighting, Sensors, Climate Control), End Produce, Growth Mechanism (Hydroponics, Aquapoincs, Aeroponics), High Growth and Emerging Markets

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Description

Vertical Farming Market Overview

Bringing about innovation in agriculture sector is both a daunting and imperative measure. Where on one hand countries such as the U.S. and Canada show more acceptance for a new phenomenon, the adoption is much slower across Asian and Middle East countries. When precision farming had begun gaining momentum it had gathered a rather negative outlook among the agriculture community owing to its high cost and its potential to disrupt the conventional farming industry. But, in a span of only 4 years, it experienced a double digit growth rate and is now building deep foundations across the agriculture ecosystem.

Time and again the crisis of food security and how it is getting more endangered with the burgeoning global population has been a central theme for discussion and debate for the global government and private bodies alike. The concept of vertical farming (VF) is an initiative in this direction to aid conventional farmers in meeting the global food demand.

The global vertical farming market is poised to grow at a CAGR of 22.67% from 2017 to 2023. The following figure provides some market statistics pertaining to the vertical farming market:

Figure: Snapshot-Vertical Farming Market Statistics by Growth Mechanism
Vertical Farming Market Statistics by Growth Mechanism, Esperto Market Research

Source: EMR Analysis

The current scenario suggests that the vertical farming market is challenged primarily because of the hype built around it. Most of the farm owners succumb to the pressure of showcasing substantial yield results with low cost inputs. Even industry experts are of the opinion that almost 30% of the newly opened vertical farms are forced to shut their operations within a year of operation, primarily because of poor planning, low demand, intense competition with conventionally grown produce and lack of guidance and technical know-how.

Moving to more focused pain points, capital and operation cost act as a major deterrent for the newer companies to venture into the market. For farm owners, getting access to a warehouse/building/shipping container requires a hefty sum of money, which varies significantly for economically stable countries. Furthermore, vertical farming market has yet not achieved commercial success in growing more common functional food such as Onions, potatoes, non-leafy vegetables and fruits. The price of the commonly grown end produce via vertical farming is usually higher than that grown conventionally. Therefore, revenue generation from sale of the end produce remains concentrated demand from a higher income/high expenditure niche segment.

Irrespective of the deterrents, vertical farming market has been able to witness a double digit growth in the past 3 years. The increasing propensity of the urban population towards fresher produce and the use of minimal pesticides and fertilizers have been able to drive the revenue generation. Moreover, innovation in lighting, particularly grow LEDs with proven and well investigated results of higher yields have further enabled more lighting companies to explore the market. The market is currently moderately competitive, offering technologically advanced and well suited products for vertical farming.

In terms of revenue generation, North America and Asia Pacific remained neck-to-neck as of 2016. However, increasing traction in countries such as Japan, China, and Singapore will enable APAC to lead the global market by the end of the forecast period. Increased funding can be expected in the North American region, however, soil-less farming being dominant in Europe, it is expected that the region will grow at the fastest CAGR through the forecast period. Prominent players in the market are Philips Lighting, Osram, Valoya, Fluence Bioengineering, Urban Crop Solutions, AeroFarms, AFFINOR Growers, and Plenty among others.

 

About the Report

The Vertical Farming Market- Global Analysis and Forecast, 2017-2023 highlights market sizing of key components namely-lighting (grow lights, ballasts, reflectors) and sensing devices (pressure. Moisture, temperature, and oxygen) growth mechanism (grow chambers, nutrient solution, meters) and climate control (HVAC) components. The report is a meticulous compilation of the quantitative and qualitative analysis of the vertical farming market weighing in the push and pull forces along with the impact of megatrends.

The entire analysis has been carried out with an unbiased and neutral perspective taking into account the inputs from multiple industry and thought leaders. The report is aligned to Vertical Farming Component players and Farm Owners predominantly, but is also targeted to help Investors and VC firms to take well informed strategic decisions. The market estimate and forecast data is precisely based on an exhaustive set of macro and micro factors and have been validated and reviewed by our experts’ panel.

A dual analysis of the vertical farming industry has been included to provide a better understanding of the competitive intensity. Furthermore, strategic benchmarking collates the key market players along with their developments since 2015 to understand the preferred/prevalent strategy in the market. The report will help the readers in finding answers to the following questions:

  • Is Vertical Farming same as Hydroponics, Aeroponics and Aquaponics?
  • How is revenue generated in the vertical farming market?
  • What business models are being followed in the vertical farming market?
  • On the basis of what factors, is the vertical farming market growing?
  • What are the restraining factors to the growth for the vertical farming market?
  • What opportunities/potential does the vertical farming market hold?
  • I am a start-up/growth stage/established firm, what industry roadmap is best suited for me?
  • Will software and services be a significant revenue contributor through the forecast years?
  • What is the current market size of vertical farming components and how will it evolve in the
    next 5 years?
  • Which growth mechanism is preferred in the vertical farming market?
  • How much revenue does Aeroponics growth mechanism generate for the vertical farming market?
  • Who is the global vertical farming market leader, APAC or North America?
  • Why is the Middle East region important to the growth of global vertical farming market?
  • What is the contribution of companies such as Fujitsu, Philips, and Panasonic Corporation to the
    vertical farming market?
  • Will the integration of Cannabis and Vertical Farming Industries bring about the ‘NEXT STIRR’ for Agricultural Innovation?

 

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Vertical Farming Market-Global Analysis and Forecast (2017-2023): Highlighting Components (Lighting, Sensors, Climate Control), End Produce, Growth Mechanism (Hydroponics, Aquapoincs, Aeroponics), High Growth and Emerging Markets

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Vertical Farming Market-Global Analysis and Forecast (2017-2023): Highlighting Components (Lighting, Sensors, Climate Control), End Produce, Growth Mechanism (Hydroponics, Aquapoincs, Aeroponics), High Growth and Emerging Markets

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