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Vertical farming market explored in latest research

Industrial Market Research

A new business intelligence report released by Polaris Market Research with title “Global Vertical Farming Market Research Report 2017” that targets and provides comprehensive market analysis with future prospects to 2026. The analysts of the study have garnered extensive research methodologies and data sources (i.e Secondary & Primary Sources) in order to generate collective and useful information that delivers latest market undercurrents and industry trends.

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The worldwide Vertical Farming market is anticipated to reach over USD 11,905 million by 2026. In 2017, the shipping container dominated the global market, in terms of revenue.

Asia-Pacific is expected to be the leading contributor to the global market revenue during the forecast period.

Top Key Player:

BrightFarms
Agrilution
Everlight Electronics Co., Ltd.

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American Hydroponics
Freight Farms
Illumitex, Inc., and
Vertical Farm Systems.

Report: www.polarismarketresearch.com/indu…t-for-free-sample

The growing population worldwide has resulted in significant increase in food demand. Vertical farming is increasingly being used to meet the high-demand for food crops.

The factors driving the growth of vertical farming market include ability to produce high quality crops throughout the year, lesser use of water for crop cultivation, and lower dependency on weather conditions.  Organic and chemical free crops can be grown with the help of vertical farming in artificially controlled environments, which further increases its adoption.

Other factors driving the market include growing urban population, and reduced environmental pollution. However, high initial investment and crop production of limited varieties restrict the growth of vertical farming market.  

Asia-Pacific generated the highest revenue of $835 million in 2017, and is expected to lead the global market throughout the forecast period. This is owing to significant growth of population in the region.

Lack of fertile land, Strong technical expertise in agricultural practices, and established R&D institutes in China and Japan further supplement the market growth.

The growing mechanisms used for vertical farming include hydroponics, aquaponics, and aeroponics. In 2017, hydroponics accounted for the largest share in the global market, and was estimated at USD 1,086 million in 2017, registering a CAGR of 23.3% during the forecast period.

Hydroponics is a process of growing plants where the traditional soil medium is replaced by nutrient and mineral rich water solution. Hydroponics offer benefits such as availability of crops throughout the year, faster plant growth, and eliminate the growth of pesticides.

Report: www.polarismarketresearch.com/indu…ire-before-buying

On the basis of offerings, the market is segmented into lighting solutions, sensors, climate control, and hydroponic components. In 2017, the lighting solutions accounted for the major share in the global market.

Lighting solutions are used to provide uniform lighting conditions suitable for plant growth. The leading market players offering lighting solutions for vertical farming include Koninklijke Philips N.V., Illumitex, Inc., and Everlight Electronics Co.

Ltd.

Table Of Content:

Vertical Farming Market Insights

Vertical Farming – Industry snapshot

Vertical Farming - Ecosystem analysis

Vertical Farming Market Dynamics

Vertical Farming – Market Forces

Vertical Farming Market Driver Analysis

Vertical Farming Market Restraint/Challenges analysis

Vertical Farming Market Opportunity Analysis

Industry analysis - Porter's five force

Bargaining power of supplier

Bargaining power of buyer

Threat of substitute

Threat of new entrant

Degree of competition

Vertical Farming Market PEST Analysis, 2016

Vertical Farming Market Value Chain Analysis

Vertical Farming Industry Trends

Competitive Ranking Analysis.

Browse Full Research Report with Table of Content at www.polarismarketresearch.com/indu…l-farming-market/

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