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Vertical Farming Market

Vertical Farming Market by Growth Mechanism (Hydroponics, Aeroponics, and Aquaponics), Structure (Building Based and Shipping Container), Offering (Hardware, Software, and Service), Crop Type, and Geography

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Vertical Farming Market

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  1. MarketsandMarkets™ Research Private Ltd. Presents Vertical Farming Market worth 5.80 Billion USD by 2022 with a growing CAGR of 24.8% https://www.marketsandmarkets.com/Market-Reports/vertical-farming-market-221795343.html

  2. According to the new market research report "Vertical Farming Market by Growth Mechanism (Hydroponics, Aeroponics, and Aquaponics), Structure (Building Based and Shipping Container), Offering (Hardware, Software, and Service), Crop Type, and Geography - Global Forecast to 2022", the vertical farming market is estimated to be valued at USD 5.80 Billion by 2022, growing at a CAGR of 24.8% between 2016 and 2022. The factors driving the growth of the market include high quality food with no use of pesticides, less dependency on the weather for production, growing urban population, increase in the year around production of the crops, and reduced impact on the environment. Browse >> 80 Market data tables 76figures 173 pages and in-depth TOC on “Vertical Farming Market” https://www.marketsandmarkets.com/Market-Reports/vertical-farming-market-221795343.html Early buyers will receive 10% customization on this report. https://www.marketsandmarkets.com/PressReleases/vertical-farming.asp

  3. Lighting devices are expected to lead the market Lighting as a hardware device, in terms of value, expected to grow at the highest rate between 2016 and 2022. The factor for its growth is that traditional lighting system would be replaced by LED lighting system. LED lighting produces dual band color spectrum at the same time, which is highly efficient and generates low heat. Hence, farmers or growers are shifting to LED lighting systems. Hydroponics growth mechanism is expected to grow at the highest rate in the vertical farming market between 2016 and 2022 The vertical farming market for hydroponics growth mechanism is expected to grow at the highest CAGR between 2016 and 2022. This growth is attributed to the fact that hydroponics are a less complex method to implement. Moreover, growing crops indoor by using hydroponics eliminates the use of equipment used in traditional farming, thus reducing the burning of fossil fuels thereby reducing the emission of gases, which are harmful to the environment. Hence, there would be a significant reduction in air pollution and CO2 emission that cause climatic changes. Considering all these factors, many farmers or growers are adopting the vertical farming technology. https://www.marketsandmarkets.com/Market-Reports/vertical-farming-market-221795343.html

  4. Asia-Pacific (APAC) is estimated to hold the largest share of the market by 2022 The market in Asia-Pacific (APAC) is expected to have the largest share by 2022 owing to the increase in population and limited fertile agriculture land. China has a tremendous potential in this market, China is investing a significant amount of effort for developing vertical farming systems to feed its urban population.  Japan is one of the key countries in which over 150 plant factories are equipped with artificial lights in operational form. Major players involved in the development of the market are Aerofarms (U.S.), Koninklijke Philips N.V. (The Netherlands), Illumitex, Inc. (U.S.), and Sky Greens (Singapore) among others. https://www.marketsandmarkets.com/PressReleases/vertical-farming.asp

  5. About MarketsandMarkets™ Research Private Ltd. MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. https://www.marketsandmarkets.com/Market-Reports/vertical-farming-market-221795343.html

  6. Contact Us Mr. Shelly Singh 630 Dundee Road Suite 430 Northbrook, IL 60062 Tel: 1-888-6006-441Email: newsletter@marketsandmarkets.comMarketsandMarkets Bloghttp://twitter.com/marketsmarkets http://www.linkedin.com/company/marketsandmarkets

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