Report cover image

Global Vertical Farming Market (by Mechanism, Structure, Crop Type & Region): Insights & Forecast with Potential Impact of COVID-19 (2024-2028)

Publisher Koncept Analytics
Published May 06, 2024
Length 81 Pages
SKU # KOAN18780669

Description

Global Vertical Farming Market (by Mechanism, Structure, Crop Type & Region): Insights & Forecast with Potential Impact of COVID-19 (2024-2028)

The global vertical farming market is expected to record a value of US$19.06 billion, growing at a CAGR of 24.08%, for the time period of 2024-2028. Factors such as growing global population, accelerating investment into vertical farming, decline in agriculture land area, rising risk of water scarcity, growing problem of deforestation and rapid urbanization would drive the growth of the market. However, the market growth would be challenged by maintenance of temperature, humidity and air circulation in a vertical farm, lack of technically skilled workforce and heavy initial investment costs in vertical farms. A few notable trends may include rising penetration of vertical farming, adoption of artificial intelligence, reduction in environmental impact in vertical farming and high yield associated with vertical farming.

Based on mechanism, the global vertical farming market is segmented into Hydroponics, Aquaponics and Aeroponics. Hydroponics accounts for majority of the global market share. Hydroponics grows plants without soil, where the soil is replaced by a mineral solution inserted around the plant roots, leading to the production of pesticides free food. Owing to such a factor hydroponics would continue to remain dominant in the global market over the forecast period.

The fastest growing regional market was North America due to the factors such as alarming rate of water level depletion, the presence of drought-stricken states, and an increase in environmental concerns. Europe and Asia Pacific also played substantial role in the development of agriculture technology, which helped them to capture significant shares in the global vertical farming market.

Scope of the report:

The report provides a comprehensive analysis of the global vertical farming market.

The major regions (North America, Europe, Asia Pacific, Middle East & Africa and South America) in the mobile gaming market have been analyzed.

The market dynamics such as growth drivers, market trends and challenges are analyzed in-depth.

The company profiles of leading players (AeroFarms, Spread Co., Infarm, Plenty, Gotham Greens and Bowery Farming) are also presented in detail.

Key Target Audience:

Vertical Farm Developers

Technological Equipment Dealers

Raw Material Suppliers

End Users (Consumers, food dealers and others)

R&D and Investment Companies

Government Bodies & Regulating Authorities

Table of Contents

81 Pages
1. Market Overview
1.1 Introduction
Table 1: Vertical farming – Different Technologies And Approaches Use
1.2 Difference Between Vertical Farming & Traditional Farming
Table 2: Difference Between Vertical Farming & Traditional Farming
1.3 Advantages of Vertical Farming
Table 3: Advantages of Vertical Farming
1.4 Drawbacks of Vertical Farming
Table 4: Drawbacks of Vertical Farming
1.5 Mechanism of Vertical Farming
Table 5: Mechanism of Vertical Farming
1.6 Main Component of Vertical Farming
Table 6: Main Component of Vertical Farming
1.7 Vertical farming Vs. Greenhouse
Table 7: Vertical farming Vs. Greenhouse
1.8 Use of Technology in Vertical Farming
Table 8: Use of Technology in Vertical Farming
2. Impact of COVID-19
2.1 Disruption in Food Supply Chain
Table 9: Global Food Supply Chain Disrupted by COVID-19
2.3 Role of Plant-Based Diet during COVID-19
3. Global Market Analysis
3.1 Global Vertical Farming Market by Value
Table 10: Global Vertical Farming Market by Value (2019-2023)
3.2 Global Vertical Farming Market Forecast by Value
Table 11: Global Vertical Farming Market Forecast by Value (2024-2028)
3.3 Global Vertical Farming Market by Mechanism
Table 12: Global Vertical Farming Market by Mechanism (2023)
3.3.1 Global Hydroponics Farming Market by Value
Table 13: Global Hydroponics Vertical Farming Market by Value (2019-2023)
3.3.2 Global Hydroponics Farming Market Forecast by Value
Table 14: Global Hydroponics Farming Market Forecast by Value (2024-2028)
3.3.3 Global Aquaponics Farming Market by Value
Table 15: Global Aquaponics Farming Market by Value (2019-2023)
3.3.4 Global Aquaponics Farming Market Forecast by Value
Table 16: Global Aquaponics Farming Market Forecast by Value (2024-2028)
3.3.5 Global Aeroponics Farming Market by Value
Table 17: Global Aeroponics Farming Market by Value (2019-2023)
3.3.6 Global Aeroponics Farming Market Forecast by Value
Table 18: Global Aeroponics Farming Market Forecast by Value (2024-2028)
3.4 Global Vertical Farming Market by Structure
Table 19: Global Vertical Farming Market by Structure (2023)
3.4.1 Global Shipping Container Farming Market by Value
Table 20: Global Shipping Container Farming Market by Value (2019-2023)
3.4.2 Global Shipping Container Farming Market Forecast by Value
Table 21: Global Shipping Container Farming Market Forecast by Value (2024-2028)
3.4.3 Global Building-based Farming Market by Value
Table 22: Global Building-based Farming Market by Value (2019-2023)
3.4.4 Global Building-based Farming Market Forecast by Value
Table 23: Global Building-based Farming Market Forecast by Value (2024-2028)
3.5 Global Vertical Farming Market by Crop Type
Table 24: Global Vertical Farming Market by Crop Type (2023)
3.5.1 Global Vegetables Vertical Farming Market by Value
Table 25: Global Vegetables Vertical Farming Market by Value (2019-2023)
3.5.2 Global Vegetable Vertical Farming Market Forecast by Value
Table 26: Global Vegetable Vertical Farming Market Forecast by Value (2024-2028)
3.5.3 Global Fruits Vertical Farming Market by Value
Table 27: Global Fruits Vertical Farming Market by Value (2019-2023)
3.5.4 Global Fruits Vertical Farming Market Forecast by Value
Table 28: Global Fruits Vertical Farming Market Forecast by Value (2024-2028)
3.5.5 Global Herbs Vertical Farming Market by Value
Table 29: Global Herbs Vertical Farming Market by Value (2019-2023)
3.5.6 Global Herbs Vertical Farming Market Forecast by Value
Table 30: Global Herbs Vertical Farming Market Forecast by Value (2024-2028)
3.6 Global Vertical Farming Market by Region
Table 31: Global Vertical Farming Market by Region (2023)
4. Regional Market Analysis
4.1 North America
4.1.1 North America Vertical Farming Market by Value
Table 32: North America Vertical Farming Market by Value (2019-2023)
4.1.2 North America Vertical Farming Market Forecast by Value
Table 33: North America Vertical Farming Market Forecast by Value (2024-2028)
4.2 Europe
4.2.1 Europe Vertical Farming Market by Value
Table 34: Europe Vertical Farming Market by Value (2019-2023)
4.2.2 Europe Vertical Farming Market Forecast by Value
Table 35: Europe Vertical Farming Market Forecast by Value (2024-2028)
4.3 Asia Pacific
4.3.1 Asia Pacific Vertical Farming Market by Value
Table 36: Asia Pacific Vertical Farming Market by Value (2019-2023)
4.3.2 Asia Pacific Vertical Farming Market Forecast by Value
Table 37: Asia Pacific Vertical Farming Market Forecast by Value (2024-2028)
4.4 Middle East & Africa
4.4.1 Middle East & Africa Vertical Farming Market by Value
Table 38: Middle East & Africa Vertical Farming Market by Value (2019-2023)
4.4.2 Middle East & Africa Vertical Farming Market Forecast by Value
Table 39: Middle East & Africa Vertical Farming Market Forecast by Value (2024-2028)
4.5 South America
4.5.1 South America Vertical Farming Market by Value
Table 40: South America Vertical Farming Market by Value (2019-2023)
4.5.2 South America Vertical Farming Market Forecast by Value
Table 41: South America Vertical Farming Market Forecast by Value (2024-2028)
5. Market Dynamics
5.1 Growth Drivers
5.1.1 Growing Global Population
Table 42: Total World Population (2017-2023)
5.1.2 Accelerating Investment into Vertical Farming
Table 43: Global Vertical Farming Investments (2018-2023)
5.1.3 Decline in Agriculture Land Area
Table 44: The U.S. Total Area of Farmland (2017-2023)
5.1.4 Rising Risk of Water Scarcity
Table 45: Baseline Water Stress Score Worldwide by Selected Countries (2023)
5.1.5 Growing Problem of Disforestation
Table 46: Global Tree Cover Loss (2001-2023)
5.1.6 Rapid Urbanization
Table 47: Global Urban Population (2018-2023)
5.2 Key Trends & Developments
5.2.1 Rising Penetration of Vertical Farming
Table 48: Global Vertical Farming Market Growth Rate (2022-2026)
5.2.2 Adoption of Artificial Intelligence
Table 49: Global Artificial Intelligence (AI) Software Market (2021-2025)
5.2.3 Reduction in Environmental Impact in Vertical Farming
5.2.4 High Yield Associated With Vertical Farming
5.3 Challenges
5.3.1 Maintenance of Temperature, Humidity and Air Circulation in a Vertical Farm
5.3.2 Lack of Technically Skilled Workforce
5.3.3 Heavy Initial Investment Costs in Vertical Farms
6. Company Profiles
6.1 AeroFarms
6.1.1 Business Overview
6.2 Spread Co.
6.2.1 Business Overview
6.3 Infarm
6.3.1 Business Overview
6.4 Plenty
6.4.1 Business Overview
6.5 Gotham Greens
6.5.1 Business Overview
6.6 Bowery Farming
6.6.1 Business Overview

Pricing

Currency Rates
How Do Licenses Work?

How Do Licenses Work?

The primary function of a report license is to define how many people within a company are authorized to use the purchased report. This is separate to how a report might be delivered. Unless specifically identified otherwise, the purchase option is Single User. Below is a helpful description of that license, along with a sampling of others most commonly offered.

  • This license allows only one user to have access to and to use/read the report. It is not one user at a time or one user group; it is an individual who will be reading and utilizing the report.

  • This license allows for the entire purchasing company to read and use the report. This is the license level that would allow for a report to be placed on an internal company shared drive for access by all employees of that direct company. This license does not extend to parent or sister company use.

  • This license is designed to allow an entire department within a company full access to a report. The departmental license is a great option for companies that have more than one location and the department is spread out all over the country/world

  • This license is for companies that have one location where they want the report to be accessible by all employees within that physical location.

  • This is the most flexible of the licensing options. Some publishers will allow you to get a license for a preset number of people (typically 5). These licenses are ideal for small work groups.

License options are at the discretion of each publisher. As such, not all licenses indicated above are available for every product. If you are uncertain of the best license for your needs or would like a license that is not proactively available, please contact us and we will be happy to assist.

Head shot

Questions or Comments?

Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
Chat Now
Contact Us