Market Overview:
The global vertical farming system/module market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for food due to the growing population, and the need for sustainable and efficient agricultural practices. The global vertical farming system/module market is segmented on the basis of type, application, and region. On the basis of type, it is divided into hydroponics, aeroponics, and others. Hydroponics dominates the market owing to its advantages such as low water usage rates and high crop yields as compared to other methods. Aeroponics is growing at a fast pace owing to its benefits such as low energy consumption rates and no use of soil or pesticides. On the basis of application, it is segmented into vegetable cultivation, fruit planting, and others (flowers & herbs). Vegetable cultivation dominates due with high demand for vegetables across all regions globally.
Product Definition:
Vertical Farming System/Module is a technology which enables to produce crops in vertically stacked layers in an urban environment. It has many advantages over traditional farming, such as using less land and water, and requiring less fertilizers and pesticides.
Hydroponics:
Hydroponics is a method of growing plants without soil, where the soil is replaced by a mineral solution inserted around the plant roots. The technique is used to eliminate the risk of soil organisms causing diseases and to ensure that plants receive all necessary nutrients for growth. Hydroponic farming does not require any pesticides as it eliminates the risk of disease transmission due to proper irrigation and monitoring systems in place.
Aeroponics:
Aeroponics is a method of growing plants or crops without soil, in a nutrient-rich environment. It is also known as the grow room or hydroponic farming. In this process, there are no need for conventional lighting systems as the light source comes with the product itself. Aeroponics system uses a mist to provide nutrients and water to roots of crops which helps them to grow naturally without soil.
Application Insights:
The other application segment accounted for the largest market share in 2017 and is expected to continue its dominance over the forecast period. This can be attributed to an increase in demand for vertical farming systems/modules that are suitable for cold climate regions. For instance, a system developed by Matternet Inc., which is designed specifically for frozen fruits and vegetables, has been gaining traction among consumers since it was launched in 2019.
Vertical farming offers numerous benefits including cost-effectiveness, high crop yield with less land required, reduction of water waste due to efficient irrigation techniques used by these systems as well as easy access to different products year round due to advanced lighting and temperature control features integrated into these systems Vertical farming modules have also been gaining popularity among hobby farmers who grow plants from seedling stage till harvest without having direct contact with soil or growing medium thereby increasing crop production efficiency significantly.
Regional Analysis:
North America dominated the global market in 2017 owing to favorable climatic conditions, availability of arable land, and increasing government initiatives. The region is expected to maintain its dominance over the forecast period as well owing to factors such as technological advancements and an increase in awareness about farming practices. Asia Pacific is projected to witness significant growth over the coming years due to rising population, disposable income levels, urbanization trends, and infrastructure development. Furthermore, supportive government regulations are also anticipated to drive regional market growth during the forecast period.
Growth Factors:
- Increasing demand for quality and safe food: The global population is expected to grow to 9 billion by 2050, which will increase the demand for food. Vertical farming can help meet this demand by producing high-quality, safe food in a sustainable way.
- Rising awareness of the benefits of vertical farming: As people become more aware of the benefits of vertical farming, such as its ability to produce high yields in a small footprint and with minimal environmental impact, they are likely to adopt it more widely.
- Advances in technology: Technologies such as LED lighting and hydroponics are constantly evolving, making vertical farming systems increasingly efficient and cost effective. This is likely to spur growth in the market over the next few years.
- Growing interest from investors: There has been an increasing amount of interest from investors in vertical farming startups in recent years due to its potential for large scale scalability and profitability . This is likely to result in further innovation within the sector and increased investment into this industry segment . 5
Scope Of The Report
Report Attributes
Report Details
Report Title
Vertical Farming System/Module Market Research Report
By Type
Hydroponics, Aeroponics, Others
By Application
Vegetable Cultivation, Fruit Planting, Other
By Companies
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, Vertical Harvest, Infinite Harvest, Metro Farms
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
154
Number of Tables & Figures
108
Customization Available
Yes, the report can be customized as per your need.
Global Vertical Farming System/Module Market Report Segments:
The global Vertical Farming System/Module market is segmented on the basis of:
Types
Hydroponics, Aeroponics, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Vegetable Cultivation, Fruit Planting, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- 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
- Vertical Harvest
- Infinite Harvest
- Metro Farms
Highlights of The Vertical Farming System/Module Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Hydroponics
- Aeroponics
- Others
- By Application:
- Vegetable Cultivation
- Fruit Planting
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Vertical Farming System/Module Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Vertical farming is a type of agriculture where crops are grown in vertically stacked layers in a controlled environment.
Some of the key players operating in the vertical farming system/module market are 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, Vertical Harvest, Infinite Harvest, Metro Farms.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Vertical Farming System/Module Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Vertical Farming System/Module Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Vertical Farming System/Module Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Vertical Farming System/Module Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Vertical Farming System/Module Market Size & Forecast, 2018-2028
4.5.1 Vertical Farming System/Module Market Size and Y-o-Y Growth
4.5.2 Vertical Farming System/Module Market Absolute $ Opportunity
Chapter 5 Global Vertical Farming System/Module Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Vertical Farming System/Module Market Size Forecast by Type
5.2.1 Hydroponics
5.2.2 Aeroponics
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Vertical Farming System/Module Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Vertical Farming System/Module Market Size Forecast by Applications
6.2.1 Vegetable Cultivation
6.2.2 Fruit Planting
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Vertical Farming System/Module Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Vertical Farming System/Module Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Vertical Farming System/Module Analysis and Forecast
9.1 Introduction
9.2 North America Vertical Farming System/Module Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Vertical Farming System/Module Market Size Forecast by Type
9.6.1 Hydroponics
9.6.2 Aeroponics
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Vertical Farming System/Module Market Size Forecast by Applications
9.10.1 Vegetable Cultivation
9.10.2 Fruit Planting
9.10.3 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Vertical Farming System/Module Analysis and Forecast
10.1 Introduction
10.2 Europe Vertical Farming System/Module Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Vertical Farming System/Module Market Size Forecast by Type
10.6.1 Hydroponics
10.6.2 Aeroponics
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Vertical Farming System/Module Market Size Forecast by Applications
10.10.1 Vegetable Cultivation
10.10.2 Fruit Planting
10.10.3 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Vertical Farming System/Module Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Vertical Farming System/Module Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Vertical Farming System/Module Market Size Forecast by Type
11.6.1 Hydroponics
11.6.2 Aeroponics
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Vertical Farming System/Module Market Size Forecast by Applications
11.10.1 Vegetable Cultivation
11.10.2 Fruit Planting
11.10.3 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Vertical Farming System/Module Analysis and Forecast
12.1 Introduction
12.2 Latin America Vertical Farming System/Module Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Vertical Farming System/Module Market Size Forecast by Type
12.6.1 Hydroponics
12.6.2 Aeroponics
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Vertical Farming System/Module Market Size Forecast by Applications
12.10.1 Vegetable Cultivation
12.10.2 Fruit Planting
12.10.3 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Vertical Farming System/Module Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Vertical Farming System/Module Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Vertical Farming System/Module Market Size Forecast by Type
13.6.1 Hydroponics
13.6.2 Aeroponics
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Vertical Farming System/Module Market Size Forecast by Applications
13.10.1 Vegetable Cultivation
13.10.2 Fruit Planting
13.10.3 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Vertical Farming System/Module Market: Competitive Dashboard
14.2 Global Vertical Farming System/Module Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 AeroFarms
14.3.2 Gotham Greens
14.3.3 Plenty (Bright Farms)
14.3.4 Lufa Farms
14.3.5 Beijing IEDA Protected Horticulture
14.3.6 Green Sense Farms
14.3.7 Garden Fresh Farms
14.3.8 Mirai
14.3.9 Sky Vegetables
14.3.10 TruLeaf
14.3.11 Urban Crops
14.3.12 Sky Greens
14.3.13 GreenLand
14.3.14 Scatil
14.3.15 Jingpeng
14.3.16 Metropolis Farms
14.3.17 Plantagon
14.3.18 Spread
14.3.19 Sanan Sino Science
14.3.20 Nongzhong Wulian
14.3.21 Vertical Harvest
14.3.22 Infinite Harvest
14.3.23 Metro Farms
