The global vertical farming market is valued at US$5.5 billion in 2020 and is expected to reach US$19.86 billion in 2026, with a compound annual growth rate of 24.3% from 2021 to 2026

2021-11-12 10:59:10 By : Mr. James Liu

The market growth is severely affected by factors such as the shift of population from rural to urban areas and the reduction of arable land. In addition, the market is also driven by its advantages over traditional agriculture, advances in light-emitting diode (LED) technology, and high-quality and high-level food safety assurance.

New York, November 4, 2021 (GLOBE NEWSWIRE) - Reportlinker.com announced the release of the report "Global Vertical Agriculture Market-Global and Regional Analysis: Focus Mechanism, Product and Country/Region Analysis-Analysis and Forecast, 2020-2026"- https://www.reportlinker.com/p06179287/?utm_source=GNW The mechanism of market segmentation of the global vertical farming market Vertical farming can be accomplished through various mechanisms, such as hydroponics, hydroponics and aeroponics. Hydroponics helps plants grow in water. Aeroponics helps to grow plants suspended in the air. Hydroponics is a special combination of hydroponics and fish farming in an integrated system. It needs water and fish to grow plants. The hydroponics sector is the largest sector in the global vertical agricultural market. Hydroponic farms optimize plant growth, provide local fresh produce, and minimize the use of water, space, transportation, and pesticides. In addition, hydroponics can use natural light in the greenhouse, the most common is to use LED lights to save space. Because hydroponics provides such a wide range of advantages, its demand continues to increase on a global scale. Global vertical agriculture market by product The range of products (components) used in vertical agriculture is wide, including lighting equipment, hydroponic components, climate control equipment, sensor equipment, etc. The demand for lighting equipment may see positive growth in developed and developing countries. This growth is mainly due to the advantages of lighting equipment, such as breeding seedlings, cultivating healthier crops and pesticide-free crops. In addition, the crop yield can be increased by using vertical agricultural lighting to illuminate multi-layer crops, thereby obtaining higher yields with a smaller footprint. The global vertical agriculture market by region is expected to lead the global vertical agriculture market in North America during the forecast period. The rapid growth of agriculture in these areas and the increasing emphasis on smart agriculture and agricultural digitization are expected to promote the development of vertical agriculture in these areas. The United States is a major player in the North American vertical agricultural market. The United States is dominated by major players in vertical agriculture, including AeroFarms, Plenty Unlimited Inc., Bowery Farming, Gotham Greens, etc. The country has witnessed the production of various green vegetables such as kale, arugula, lettuce and cabbage. In 2019, there were more than 2,000 vertical farms in the United States, and 60% of the market was driven by small and medium-sized companies. Key market players and competition overview AeroFarms, AppHarvest, Vertical Harvest, CropOne, Plenty Unlimited Inc., AmHydro., Kalera, Heliospectra AB, Hort Americas, Signify Holding (Koninklijke Philips NV), OSRAM GmbH., Valoya, EVERLIGHT ELECTRONICS CO. , LTD., Sky Greens, SPREAD Co., Ltd. The companies introduced in the report are selected based on selected participant groups, mainly Tier-1 (accounting for 50%-60% of the market share), medium segment Market participants (accounting for 30-40% share) and small and emerging companies (holding the remaining 10-20% share), based on various factors such as product mix, annual revenue, market penetration, R&D plans, and Domestic and international influence in the global vertical farming market. Countries Covered• North America• United States• Canada• Mexico• Europe• Germany• The Netherlands• France• Spain• Italy• United Kingdom• China• Asia Pacific• Japan• Thailand• Korea• India• Other Asia-Pacific• Middle East and Africa• South Africa• UAE• Saudi Arabia • Rest of the World • Brazil Read the full report: https://www.reportlinker.com/p06179287/?utm_source=GNW About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you can get all the market research you need-in one place instantly. __________________________

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