Agriculture & Forestry Industry Market News

Latin America vertical farming market estimated to reach USD 1.23 billion by 2021 according to new research report

Agriculture Market Research

Regional and country-level analysis and forecasts of the Latin America Vertical Farming market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions those are still untapped

According to the report “Latin America Vertical Farming Market By Growth Mechanism (Hydroponics, Aeroponics And Aquaponics), By Structure (Building Based And Shipping Container), By Offering (Hardware, Software, And Service), By Crop Type And By Region - Industry Analysis, Size, Share, Growth, Trends, And Forecasts (2016–2021)” published by Market Data Forecast, the Latin America Vertical Farming Market was worth USD 0.48 billion in 2016 and expected to be growing at a CAGR of 21%, to reach USD 1.23 billion by 2021.

Browse details of 136 pages research report on Latin America Vertical Farming Market at…ming-market-2816/ Make an Inquiry about this news

Vertical Farming techniques control factors like the amount of light, environmental dynamics like temperature, humidity, gases,., and soil nutrition factors which include the use of fertilizers and other soil products. In some Vertical Farms, natural light is used in combination with artificial lighting and metal reflectors, similar to greenhouses.

Vertical Farming is the latest development in farming, wherein all environmental factors can be controlled.

In the Vertical Farming process, foods and medicines are produced in vertically stacked layers, vertically inclined surfaces or in integrated structures like warehouses, shipping containers, skyscrapers,.

Increasing consumer demand for organic foods, foods free from pesticides and genetically modified organisms (GMOs) is the major driving force of the market. The utility of artificial lighting to enhance the yield, health and growth rate of plants coupled with lower dependency on weather for production is driving the market from the producer side.

Further, growth in the use of technology such as Internet of Things in Vertical Farming, rapidly expanding populace and increase in the annual production of crops are predicted to exponentially boost market growth. High costs of lighting equipment and continuous maintenance requirement are the constraints faced by the Latin America Vertical Farming market.

Report:…16/request-sample Make an Inquiry about this news

The Latin America Vertical Farming market is segmented by Growth Mechanism, Structure, Offering, Crop Type, and Geography. By the Growth Mechanism Type, the market is classified into Hydroponics, Aeroponics, and Aquaponics.

By the Structure used, the market is separated into Buildings and Shipping Containers. By the type of Offering, the market is classified into Hardware, Software, and Service.

The Vertical Farming market is further segmented on the basis of Crop Type and Geography.

Latin America market region includes countries such as Brazil, Mexico, Argentina, and remaining countries of South America. The market is projected to expand in Latin America as the consumer demand for organic foods is being complimented by rising disposable incomes and the growing populace.

Further feasibility of the application of technological advancements in Vertical Farming, which will bring down the costs, is seen as a major factor contributing to market growth in the foreseeable future. Brazil is one of the largest markets in this region followed by Mexico, Argentina, and Columbia.

Key players involved in the development of the vertical farming market are Illumitex Inc. (U.S.), Aerofarms (U.S.), Koninklijke Philips N.V.

(The Netherlands), and Sky Greens (Singapore) among others.

Report:…rket-2816/inquire Make an Inquiry about this news


News From

Market Data Forecast - market research, business intelligence and consultingMarket Data Forecast
Category: Market Research Publishers and RetailersCompany about: Market Data Forecast is a firm working in the areas of market research, business intelligence and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients. A few key business areas that we handle with excellence include business process improvement, corporate financing and decision making based on market research, assisting in developing appropriate strategy and providing consultancy based on extens ...
This email address is being protected from spambots. You need JavaScript enabled to view it.

For more information:

Make an Inquiry about this report HERE!