Vertical Farming Market Analysis Report By Offering (Lighting, Climate Control), By Growing Mechanism (Hydroponics, Aquaponics), By Structure, By Fruits, Vegetables & Herbs, And Segment Forecasts, 2019 - 2025

Published: Apr, 2019 | Pages: 120 | Publisher: Grand View Research
Industry: Agriculture | Report Format: Electronic (PDF)

The global vertical farming market size is anticipated to reach USD 9.96 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 21.3% over the forecast period. Increased use of Internet of Things (IoT) sensors for producing crops is likely to spur the market demand over the forecast period. Information obtained from the sensors is stored on the cloud and analyzed to perform the required actions. Growing automation in agriculture and increasing use of big data and predictive analytics for maximizing yields are also likely to drive the market.

Vertical farming is effective in ensuring the stability in the crop production and maintaining reliability even in adverse climatic conditions. It provides multiple benefits over traditional farming technique, such as less use of water, lesser need of agrochemicals, and low dependence on agricultural labors. Vertical farming makes use of metal reflectors and artificial lighting to maximize natural sunlight.

Genetically modified organisms and environmental and health effects of pesticides and other non-natural substances that are used for increasing agricultural production have encouraged the consumers to adopt organic foods. According to the Organic Trade Association, the U.S. organic industry sales increased by around 11% in 2018, owing to increased investment in infrastructure and education. As per the Organic Foods Production Act of 1990, the handlers and growers of organic products need to comply with the regulations.

Artificial lighting helps in extending the hours of the natural daylight, which further increases the health, growth rate, and yield of the plants. Artificial lighting such as high-pressure sodium lighting and LED lighting can extend the availability of crops (throughout a season). LED lighting systems produce dual-band color spectrum and generate low heat. They are anticipated to witness significant growth over the forecast period.

Hydroponic system is a method of growing plants without soil. A hydroponic system eliminates the need for pesticides and artificial ripening agents and helps in producing nutritionally-rich vegetables. However, factors such as high initial investment and fewer crop varieties are likely to restrain the market growth.

Further key findings from the study suggest:

• Escalating production of biopharmaceutical products is anticipated to drive the market

• The building-based segment is expected to register a CAGR of 23.6% in terms of revenue over the projected period

• The climate control segment is expected to expand at a high CAGR over the forecast period as the crop growth can be controlled by monitoring and adjusting the concentration of minerals

• The aeroponics segment is expected to witness considerable growth over the forecast period, as the aeroponics facilitate faster growth in plants (under normal conditions)

• The market in Europe is expected to witness significant growth over the forecast period owing to expansion of small-scale and commercial vertical farms

• Key players of the market include BrightFarms (U.S.), Everlight Electronics Co., Ltd. (Taiwan), and Green Sense Farms, LLC (U.S.).

 Table of Contents

Chapter 1. Methodology and Scope
                    1.1. Research Methodology
                    1.2. Research Scope & Assumptions
                    1.3. List of Data Sources

Chapter 2. Executive Summary
                    2.1. Vertical Farming - Industry Snapshot & Key Buying Criteria, 2014 - 2025

Chapter 3. Industry Outlook
                    3.1. Market Segmentation & Scope
                    3.2. Vertical Farming Market Size and Growth Prospects
                    3.3. Vertical Farming - Value Chain Analysis
                    3.4. Market Dynamics
                         3.4.1. Market driver analysis
                         3.4.2. Market restraint analysis
                         3.4.3. Market challenge analysis
                    3.5. Key Opportunities - Prioritized
                    3.6. Vertical Farming- Key Company Analysis, 2015
                         3.6.1. Key company analysis, 2015
                    3.7. Industry Analysis - Porter’s
                    3.8. Vertical Farming- PEST Analysis

Chapter 4. Vertical Farming Market: Structure Estimates & Trend Analysis
                    4.1. Vertical Farming Market: Structure Analysis
                         4.1.1. Shipping container
                              4.1.1.1. Global market estimates and forecasts, 2014 - 2025 (USD Million)
                         4.1.2. Building-based
                              4.1.2.1. Global market estimates and forecasts, 2014 - 2025 (USD Million)

Chapter 5. Vertical Farming Market: Offering Estimates & Trend Analysis
                    5.1. Vertical Farming Market: Offering Analysis
                         5.1.1. Lighting
                              5.1.1.1. Global market estimates and forecasts, 2014 - 2025 (USD Million)
                         5.1.2. Hydroponic components
                              5.1.2.1. Global market estimates and forecasts, 2014 - 2025 (USD Million)
                         5.1.3. Climate control
                              5.1.3.1. Global market estimates and forecasts, 2014 - 2025 (USD Million)
                         5.1.4. Sensors
                              5.1.4.1. Global market estimates and forecasts, 2014 - 2025 (USD Million)

Chapter 6. Vertical Farming Market: Growing Mechanism Estimates & Trend Analysis
                    6.1. Vertical Farming Market: Growing Mechanism Analysis
                         6.1.1. Hydroponics
                              6.1.1.1. Global market estimates and forecasts, 2014 - 2025 (USD Million)
                         6.1.2. Aeroponics
                              6.1.2.1. Global market estimates and forecasts, 2014 - 2025 (USD Million)
                         6.1.3. Aquaponics
                              6.1.3.1. Global market estimates and forecasts, 2014 - 2025 (USD Million)

Chapter 7. Vertical Farming Market: Fruits, Vegetables, & Herbs Estimates & Trend Analysis
                    7.1. Vertical Farming Market: Fruits, Vegetables, & Herbs Analysis
                         7.1.1. Tomato
                              7.1.1.1. Global market estimates and forecasts, 2014 - 2025 (USD Million)
                         7.1.2. Lettuce
                              7.1.2.1. Global market estimates and forecasts, 2014 - 2025 (USD Million)
                         7.1.3. Bell & Chili Peppers
                              7.1.3.1. Global market estimates and forecasts, 2014 - 2025 (USD Million)
                         7.1.4. Strawberry
                              7.1.4.1. Global market estimates and forecasts, 2014 - 2025 (USD Million)
                         7.1.5. Cucumber
                              7.1.5.1. Global market estimates and forecasts, 2014 - 2025 (USD Million)
                         7.1.6. Leafy Greens (excluding lettuce)
                              7.1.6.1. Global market estimates and forecasts, 2014 - 2025 (USD Million)
                         7.1.7. Herbs
                              7.1.7.1. Global market estimates and forecasts, 2014 - 2025 (USD Million)
                         7.1.8. Others
                              7.1.8.1. Global market estimates and forecasts, 2014 - 2025 (USD Million)

Chapter 8. Vertical Farming Market: Regional Estimates & Trend Analysis
                    8.1. Vertical farming Market Share By Region, 2018 & 2025
                    8.2. North America
                         8.2.1. Vertical farming market by structure, 2014 - 2025 (USD Million)
                         8.2.2. Vertical farming market by offering, 2014 - 2025 (USD Million)
                         8.2.3. Vertical farming market by growing mechanism, 2014 - 2025 (USD Million)
                         8.2.4. Vertical farming market by fruits, vegetables, & herbs, 2014 - 2025 (USD Million)
                         8.2.5. U.S.
                              8.2.5.1. Vertical farming market by structure, 2014 - 2025 (USD Million)
                              8.2.5.2. Vertical farming market by offering, 2014 - 2025 (USD Million)
                              8.2.5.3. Vertical farming market by growing mechanism 2014 - 2025 (USD Million)
                              8.2.5.4. Vertical farming market by fruits, vegetables, & herbs, 2014 - 2025 (USD Million)
                         8.2.6. Canada
                              8.2.6.1. Vertical farming market by structure, 2014 - 2025 (USD Million)
                              8.2.6.2. Vertical farming market by offering, 2014 - 2025 (USD Million)
                              8.2.6.3. Vertical farming market by growing mechanism 2014 - 2025 (USD Million)
                              8.2.6.4. Vertical farming market by fruits, vegetables, & herbs, 2014 - 2025 (USD Million)
                         8.2.7. Mexico
                              8.2.7.1. Vertical farming market by structure, 2014 - 2025 (USD Million)
                              8.2.7.2. Vertical farming market by offering, 2014 - 2025 (USD Million)
                              8.2.7.3. Vertical farming market by growing mechanism 2014 - 2025 (USD Million)
                              8.2.7.4. Vertical farming market by fruits, vegetables, & herbs, 2014 - 2025 (USD Million)
                    8.3. Europe
                         8.3.1. Vertical farming market by structure, 2014 - 2025 (USD Million)
                         8.3.2. Vertical farming market by offering, 2014 - 2025 (USD Million)
                         8.3.3. Vertical farming market by growing mechanism, 2014 - 2025 (USD Million)
                         8.3.4. Vertical farming market by fruits, vegetables, & herbs, 2014 - 2025 (USD Million)
                         8.3.5. Germany
                              8.3.5.1. Vertical farming market by structure, 2014 - 2025 (USD Million)
                              8.3.5.2. Vertical farming market by offering, 2014 - 2025 (USD Million)
                              8.3.5.3. Vertical farming market by growing mechanism 2014 - 2025 (USD Million)
                              8.3.5.4. Vertical farming market by fruits, vegetables, & herbs, 2014 - 2025 (USD Million)
                         8.3.6. U.K.
                              8.3.6.1. Vertical farming market by structure, 2014 - 2025 (USD Million)
                              8.3.6.2. Vertical farming market by offering, 2014 - 2025 (USD Million)
                              8.3.6.3. Vertical farming market by growing mechanism 2014 - 2025 (USD Million)
                              8.3.6.4. Vertical farming market by fruits, vegetables, & herbs, 2014 - 2025 (USD Million)
                         8.3.7. France
                              8.3.7.1. Vertical farming market by structure, 2014 - 2025 (USD Million)
                              8.3.7.2. Vertical farming market by offering, 2014 - 2025 (USD Million)
                              8.3.7.3. Vertical farming market by growing mechanism 2014 - 2025 (USD Million)
                              8.3.7.4. Vertical farming market by fruits, vegetables, & herbs, 2014 - 2025 (USD Million)
                    8.4. Asia Pacific
                         8.4.1. Vertical farming market by structure, 2014 - 2025 (USD Million)
                         8.4.2. Vertical farming market by offering, 2014 - 2025 (USD Million)
                         8.4.3. Vertical farming market by growing mechanism, 2014 - 2025 (USD Million)
                         8.4.4. Vertical farming market by fruits, vegetables, & herbs, 2014 - 2025 (USD Million)
                         8.4.5. China
                              8.4.5.1. Vertical farming market by structure, 2014 - 2025 (USD Million)
                              8.4.5.2. Vertical farming market by offering, 2014 - 2025 (USD Million)
                              8.4.5.3. Vertical farming market by growing mechanism 2014 - 2025 (USD Million)
                              8.4.5.4. Vertical farming market by fruits, vegetables, & herbs, 2014 - 2025 (USD Million)
                         8.4.6. Japan
                              8.4.6.1. Vertical farming market by structure, 2014 - 2025 (USD Million)
                              8.4.6.2. Vertical farming market by offering, 2014 - 2025 (USD Million)
                              8.4.6.3. Vertical farming market by growing mechanism 2014 - 2025 (USD Million)
                              8.4.6.4. Vertical farming market by fruits, vegetables, & herbs, 2014 - 2025 (USD Million)
                         8.4.7. India
                              8.4.7.1. Vertical farming market by structure, 2014 - 2025 (USD Million)
                              8.4.7.2. Vertical farming market by offering, 2014 - 2025 (USD Million)
                              8.4.7.3. Vertical farming market by growing mechanism 2014 - 2025 (USD Million)
                              8.4.7.4. Vertical farming market by fruits, vegetables, & herbs, 2014 - 2025 (USD Million)
                    8.5. South America
                         8.5.1. Vertical farming market by structure, 2014 - 2025 (USD Million)
                         8.5.2. Vertical farming market by offering, 2014 - 2025 (USD Million)
                         8.5.3. Vertical farming market by growing mechanism, 2014 - 2025 (USD Million)
                         8.5.4. Vertical farming market by fruits, vegetables, & herbs, 2014 - 2025 (USD Million)
                         8.5.5. Brazil
                              8.5.5.1. Vertical farming market by structure, 2014 - 2025 (USD Million)
                              8.5.5.2. Vertical farming market by offering, 2014 - 2025 (USD Million)
                              8.5.5.3. Vertical farming market by growing mechanism 2014 - 2025 (USD Million)
                              8.5.5.4. Vertical farming market by fruits, vegetables, & herbs, 2014 - 2025 (USD Million)
                    8.6. MEA
                         8.6.1. Vertical farming market by structure, 2014 - 2025 (USD Million)
                         8.6.2. Vertical farming market by offering, 2014 - 2025 (USD Million)
                         8.6.3. Vertical farming market by growing mechanism, 2014 - 2025 (USD Million)
                         8.6.4. Vertical farming market by fruits, vegetables, & herbs, 2014 - 2025 (USD Million)

Chapter 9. Competitive Landscape
                    9.1. Agrilution
                         9.1.1. Company overview
                         9.1.2. Product benchmarking
                         9.1.3. Recent developments
                    9.2. American Hydroponics
                         9.2.1. Company overview
                         9.2.2. Product benchmarking
                         9.2.3. Recent developments
                    9.3. AeroFarms
                         9.3.1. Company overview
                         9.3.2. Product benchmarking
                         9.3.3. Recent developments
                    9.4. BrightFarms
                         9.4.1. Company overview
                         9.4.2. Product benchmarking
                         9.4.3. Recent developments
                    9.5. Everlight Electronics Co., Ltd.
                         9.5.1. Company overview
                         9.5.2. Financial performance
                         9.5.3. Product benchmarking
                         9.5.4. Recent developments
                    9.6. Freight Farms
                         9.6.1. Company overview
                         9.6.2. Product benchmarking
                         9.6.3. Recent developments
                    9.7. GrowUp Urban Farms
                         9.7.1. Company overview
                         9.7.2. Product benchmarking
                         9.7.3. Recent developments
                    9.8. Green Sense Farms, LLC
                         9.8.1. Company overview
                         9.8.2. Product benchmarking
                         9.8.3. Recent developments
                    9.9. Illumitex, Inc.
                         9.9.1. Company overview
                         9.9.2. Product benchmarking
                         9.9.3. Recent developments
                    9.10. Vertical Farm Systems
                         9.10.1. Company overview
                         9.10.2. Product benchmarking
                         9.10.3. Recent developments

List of Tables

TABLE 1 Vertical farming - Industry snapshot & critical success factor, 2014 - 2025
TABLE 2 Global vertical farming market, 2014 - 2025 (USD Million)
TABLE 3 Global vertical farming market estimates and forecasts by structure, 2014 - 2025 (USD Million) 
TABLE 4 Global vertical farming market estimates and forecasts by offering (USD Million), 2014 - 2025
TABLE 5 Global vertical farming market estimates and forecasts by growing mechanism (USD Million), 2014 - 2025
TABLE 6 Global vertical farming market estimates and forecasts by region (USD Million), 2014 - 2025
TABLE 7 Key company analysis
TABLE 8 Vertical farming market by shipping container, 2014 - 2025 (USD Million)
TABLE 9 Global shipping container market by region, 2014 - 2025 (USD Million)
TABLE 10 Vertical farming market by building-based, 2014 - 2025 (USD Million)
TABLE 11 Global building-based market by region, 2014 - 2025 (USD Million)
TABLE 12 Vertical farming market by lighting, 2014 - 2025 (USD Million)
TABLE 13 Global lighting market by region, 2014 - 2025 (USD Million)
TABLE 14 Vertical farming market by hydroponic components, 2014 - 2025 (USD Million)
TABLE 15 Global hydroponic components market by region, 2014 - 2025 (USD Million)
TABLE 16 Vertical farming market by climate control, 2014 - 2025 (USD Million)
TABLE 17 Global climate control market by region, 2014 - 2025 (USD Million)
TABLE 18 Vertical farming market by sensors, 2014 - 2025 (USD Million)
TABLE 19 Global sensors market by region, 2014 - 2025 (USD Million)
TABLE 20 Vertical farming market by hydroponics, 2014 - 2025 (USD Million)
TABLE 21 Global hydroponics market by region, 2014 - 2025 (USD Million)
TABLE 22 Vertical farming market by aeroponics, 2014 - 2025 (USD Million)
TABLE 23 Global aeroponics market by region, 2014 - 2025 (USD Million)
TABLE 24 Vertical farming market by aquaponics, 2014 - 2025 (USD Million)
TABLE 25 Global aquaponics market by region, 2014 - 2025 (USD Million)
TABLE 26 North America vertical farming market, 2015 - 2025 (USD Million)
TABLE 27 North America vertical farming market by structure, 2014 - 2025 (USD Million)
TABLE 28 North America vertical farming market by offering, 2014 - 2025 (USD Million)
TABLE 29 North America vertical farming market by growing mechanism, 2014 - 2025 (USD Million)
TABLE 30 U.S.vertical farming market, 2015 - 2025 (USD Million)
TABLE 31 U.S. vertical farming market by structure, 2014 - 2025 (USD Million)
TABLE 32 U.S. vertical farming market by offering, 2014 - 2025 (USD Million)
TABLE 33 U.S. vertical farming market by growing mechanism, 2014 - 2025 (USD Million)
TABLE 34 Canada vertical farming market, 2015 - 2025 (USD Million)
TABLE 35 Canada vertical farming market by structure, 2014 - 2025 (USD Million)
TABLE 36 Canada vertical farming market by offering, 2014 - 2025 (USD Million)
TABLE 37 Canada vertical farming market by growing mechanism, 2014 - 2025 (USD Million)
TABLE 38 Mexico vertical farming market, 2015 - 2025 (USD Million)
TABLE 39 Mexico vertical farming market by structure, 2014 - 2025 (USD Million)
TABLE 40 Mexico vertical farming market by offering, 2014 - 2025 (USD Million)
TABLE 41 Mexico vertical farming market by growing mechanism, 2014 - 2025 (USD Million)
TABLE 42 Europe vertical farming market, 2015 - 2025 (USD Million)
TABLE 43 Europe vertical farming market by structure, 2014 - 2025 (USD Million)
TABLE 44 Europe vertical farming market by offering, 2014 - 2025 (USD Million)
TABLE 45 Europe vertical farming market by growing mechanism, 2014 - 2025 (USD Million)
TABLE 46 Germany vertical farming market, 2015 - 2025 (USD Million)
TABLE 47 Germany vertical farming market by structure, 2014 - 2025 (USD Million)
TABLE 48 Germany vertical farming market by offering, 2014 - 2025 (USD Million)
TABLE 49 Germany vertical farming market by growing mechanism, 2014 - 2025 (USD Million)
TABLE 50 U.K. vertical farming market, 2015 - 2025 (USD Million)
TABLE 51 U.K. vertical farming market by structure, 2014 - 2025 (USD Million)
TABLE 52 U.K. vertical farming market by offering, 2014 - 2025 (USD Million)
TABLE 53 U.K. vertical farming market by growing mechanism, 2014 - 2025 (USD Million)
TABLE 54 France vertical farming market, 2015 - 2025 (USD Million)
TABLE 55 France vertical farming market by structure, 2014 - 2025 (USD Million)
TABLE 56 France vertical farming market by offering, 2014 - 2025 (USD Million)
TABLE 57 France vertical farming market by growing mechanism, 2014 - 2025 (USD Million)
TABLE 58 Asia Pacific vertical farming market, 2015 - 2025 (USD Million)
TABLE 59 Asia Pacific vertical farming market by structure, 2014 - 2025 (USD Million)
TABLE 60 Asia Pacific vertical farming market by offering, 2014 - 2025 (USD Million)
TABLE 61 Asia Pacific vertical farming market by growing mechanism, 2014 - 2025 (USD Million)
TABLE 62 China vertical farming market, 2015 - 2025 (USD Million)
TABLE 63 China vertical farming market by structure, 2014 - 2025 (USD Million)
TABLE 64 China vertical farming market by offering, 2014 - 2025 (USD Million)
TABLE 65 China vertical farming market by growing mechanism, 2014 - 2025 (USD Million)
TABLE 66 India vertical farming market, 2015 - 2025 (USD Million)
TABLE 67 India vertical farming market by structure, 2014 - 2025 (USD Million)
TABLE 68 India vertical farming market by offering, 2014 - 2025 (USD Million)
TABLE 69 India vertical farming market by growing mechanism, 2014 - 2025 (USD Million)
TABLE 70 Japan vertical farming market, 2015 - 2025 (USD Million)
TABLE 71 Japan vertical farming market by structure, 2014 - 2025 (USD Million)
TABLE 72 Japan vertical farming market by offering, 2014 - 2025 (USD Million)
TABLE 73 Japan vertical farming market by growing mechanism, 2014 - 2025 (USD Million)
TABLE 74 South America vertical farming market, 2015 - 2025 (USD Million)
TABLE 75 South America vertical farming market by structure, 2014 - 2025 (USD Million)
TABLE 76 South America vertical farming market by offering, 2014 - 2025 (USD Million)
TABLE 77 South America vertical farming market by growing mechanism, 2014 - 2025 (USD Million)
TABLE 78 Brazil vertical farming market, 2015 - 2025 (USD Million)
TABLE 79 Brazil vertical farming market by structure, 2014 - 2025 (USD Million)
TABLE 80 Brazil vertical farming market by offering, 2014 - 2025 (USD Million)
TABLE 81 Brazil vertical farming market by growing mechanism, 2014 - 2025 (USD Million)
TABLE 82 MEA vertical farming market, 2015 - 2025 (USD Million)
TABLE 83 MEA vertical farming market by structure, 2014 - 2025 (USD Million)
TABLE 84 MEA vertical farming market by offering, 2014 - 2025 (USD Million)
TABLE 85 MEA vertical farming market by growing mechanism, 2014 - 2025 (USD Million)

List of Figures

FIG. 1 Market segmentation & scope
FIG. 2 Vertical farming market size and growth prospects (USD Million) 2014 - 2025
FIG. 3 Vertical farming - Value chain analysis
FIG. 4 Market dynamics
FIG. 5 Key opportunities prioritized
FIG. 6 Porter’s five forces analysis
FIG. 7 Vertical farming - PESTEL analysis
FIG. 8 Vertical farming market: Structure analysis
FIG. 9 Vertical farming market: Offering analysis
FIG. 10 Vertical farming market: Growing mechanism analysis
FIG. 11 Regional marketplace: Key takeaways
FIG. 12 Regional outlook, 2018 & 2025
FIG. 13 North America marketplace: Key takeaways
FIG. 14 Europe marketplace: Key takeaways
FIG. 15 Asia Pacific marketplace: Key takeaways
FIG. 16 South America marketplace: Key takeaways
FIG. 17 MEA marketplace: Key takeaways