Vertical farming is the practice of producing food and medicine in vertically stacked layers, vertically inclined surfaces and/or integrated in other structures (such as in a skyscraper, used warehouse, or shipping container). The modern ideas of vertical farming use indoor farming techniques and controlled-environment agriculture (CEA) technology, where all environmental factors can be controlled.
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This report provides an insight about the Vertical Farming Market across the world. It describes the present scenario of the market.
The report intends to serve the needs of the clients by covering every aspect of the market. It contains classifications based on the product type, applications, regions, and end user industries.
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Vertical agriculture can be described as the practice of producing food and medicinal plants in the vertically stacked layers in a skyscraper, shipping container, and used warehouses. Indoor farming techniques are used in the Vertical Farming Market where the environmental factors can be controlled.
Vertical farming systems implement artificial control of light and environmental control.
The vertical farm project has a biosecurity procedure that prevents diseases and pest attacks on the crops. Hence, the need for herbicides, pesticides, and foliar sprays are eliminated.
The cost effectiveness will surely be an advantage for the Vertical Farming Market. Scalability is very important for vertical farming.
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Scope & Regional Forecast of the Vertical Farming Market
The Vertical Farming Market is spurred by increasing use of Internet of Things sensors to produce crops. The use of automation in agriculture and the use of bid data and predictive analysis to get yields will certainly drive the growth of indoor farming technology.
The use of genetically modified organisms to increase agricultural production have encouraged consumers to choose organic foods.
The use of artificial lighting in the indoor agriculture technology to extend hours of the natural daylight will increase the yield of the plants. High pressure sodium lighting is used for this purpose.
LED lighting can extend the availability of the crops. They generate low heat and produce dual band color spectrum.
The use of LED lighting will push the growth of the Vertical Farming Market further. But high initial investment will hamper the market growth.
Stacked farming can be used either in indoor environment or outdoor environment. Indoor vertical farming is the biggest segment in the Vertical Farming Market.
North America dominates the market. This can be attributed to the strong technical expertise in the region.
Asia Pacific is expected to have a greater growth in urban farming technology.
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Segmentations & Key Players Involved in the Vertical Farming Market
The Vertical Farming Market can be broken down into various segmentations on the basis of –
- Type- Type 1, Type 2, Type 3.
- Application- Application 1, Application 2, Application 3.
- Region- Europe, North America, South America, Asia.
Some of the key players involved in the Vertical Farming Market are as follows:
- Illumitex, Inc.
- Koninklijke Philips N.V.
- Sky Green
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