The demand for vertical farming is expected to increase globally during the forecast period, owing to various factors such as rise in popularity of organic food, increase in urban population, and decrease in arable land. However, high initial investments and involvement of nascent technology hamper the market growth.
Organic food refers to the products obtained through farming system that does not use synthetic fertilizers, pesticides, and growth regulators. Presently, people across the globe have become increasingly aware about the source of food that they consume on a daily basis,
and have switched from the food grown with the use of chemicals and pesticides to organic food. In North America, the sales of organic food witnessed significant growth over the past few years.
Vertical farming environment is secured with bio-security procedure that restricts disease and pest attacks on crops.
This bio-security also leads to the termination of expensive post harvesting processing and product damage washing. Thus, cost effectiveness and reduced usage of harmful chemicals in this system is expected to uplift the vertical farming market.
The global vertical farming market in terms of technology is segmented into hydroponics, aeroponics and aquaponics. Across different regions, Growing crops through hydroponics technology in vertical farming market is predominant and accounted for more than 55% share in 2017.
The economics of growing crops through hydroponic mechanism is its key driver for vertical farming market expansion. On the other hand, this is expected to fall gradually as more sustainable and innovative technologies for growing
This report focuses on top manufacturers in global market, with production, price, revenue and market share for each manufacturer, covering
Home Town Farms
Beijing IEDA Protected Horticulture
Garden Fresh Farms
Green Sense Farms
Green Spirit Farms
Greener Roots Farm
Uriah's Urban Farms
By types, the market can be split into
By Application, the market can be split into
By Regions, this report covers (we can add the regions/countries as you want)
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