#Vertical Farming Market

[tritonmarketresearchamey]

Vertical Farming Market: Technological Prospects 2022-2028

Vertical farming – a closed environment crop-growing technique has gained prominence globally owing to high food consumption and lack of arable land for cultivation. The volume of global food consumption reached 2.5 billion metric tons in 2021. This elevates the need for this technique to reduce reliance on weather, high soil fertility, and water consumption. Our estimates indicate that the global vertical farming market is set to propel at a CAGR of 23.10% from 2022 to 2028.

Several crops have been grown in stacked layers in skyscrapers, warehouses, or shipping containers in recent years, especially in Asia and Europe. For instance, Vertical Future, a London-based company, concluded research to deliver sustainable fresh produce with zero agrichemical components. Hence, a gradual shift from conventional agrochemical-based farming to sustainable controlled environment agriculture has widened the market’s scope.

Technology-Driven Offerings – A Sustainable Approach

Lighting category captures the major share in terms of offering and is expected to continue its dominance over the forecast period. Farming with lighting technology enables consistent plant growth, reducing the heat stress on roots and ensuring uniform lighting. LED, in this regard, is a popular supplementary light source as it consumes 85% less heat than high-pressure sodium (HPS) lights.

Hence, the LED grow light is set to become the most sought-after technology, forecasted to reach about $12 billion by 2030. GoodLeaf, a Canadian vertical farm, is among the many to have replaced old lighting systems with LED to grow varied crops and reduce overall energy-related costs in vertical farming. Overall, the growing implementation of this technique in skyscrapers and greenhouses is estimated to drive the market’s demand in the coming years.

Vertical farming is inclined towards deploying sensors to store information in the cloud and analyze data in real time using the internet of things (IoT). Increasing government support for modern agricultural techniques has boosted the demand for these sensors in the market. For example, the European Commission introduced the Farm Advisory System to help farmers understand rules for animal health, agriculture, and the environment.

Another development includes collaboration between International Rice Research Institute and government partners to introduce the Cereal System initiative in South Asia to offer tools for location-specific fertilizer recommendations to growers. Estimates indicate C02 sensors to be a popular device, followed by pH, EC, and magnetometer sensors.

Climate control is a critical aspect of indoor farming techniques, with air quality control gaining major prominence. Hence, CO2 enrichment methods have been adopted to saturate CO2 solutions, reducing overall cost and the need for additional equipment such as HVAC systems. Since the build-up of heat and humidity in the growing area increases the risk of infection, vertical planes are incorporated as it allows air to move easily compared to horizontal layouts.

However, the rising need for airflow examination has influenced players to introduce new systems, such as the airflow monitoring system by Kanomax that measures air velocity 24/7, enabling farmers to intervene in real time if the airflow is poor or excessive. The deployment of such advanced systems creates opportunities for operating players to launch new products, thus driving the market.

Bio-Pharma Farming – A new Vertical?

In addition to being economically viable in the food industry, vertical farming is expected to show significant prominence in the biopharma sector in the upcoming years. Molecular farming, in this scenario, holds the potential to offer proteins that can be used as a therapeutic tool in healthcare and life sciences. In line with this, a few bio-pharma companies like Abattis Bioceuticals Corp have adopted vertical farming technology to produce nutraceutical components. Therefore, the adoption of advanced solutions like indoor cultivation will accelerate the vertical farming market’s development over the forecast period.

 

FAQs:

Q1) Which countries have adopted vertical farming?

Several countries in the Asia-Pacific and Europe have adopted vertical farming techniques, including Japan, China, Singapore, the UK, France, and the Netherlands.

Q2) Which are the key crop types in the vertical farming market?

Tomato, berries, pepper, cucumber, microgreens, lettuce and leafy vegetables, and others are key crop types in the vertical farming market.

[lucidmarketreports1]

Vertical Farming Market

The Vertical Farming Market is experiencing significant growth as urbanization and sustainability concerns rise. This innovative agricultural approach utilizes vertical structures and advanced technology to cultivate crops indoors, conserving space and resources. With increasing global demand for fresh produce, the vertical farming market is poised for continued expansion and technological advancements.

[myblogscmi]

Vertical Farming Market Is Estimated To Witness High Growth Owing To Increasing Adoption of Indoor Farming Techniques

The global Vertical Farming Market is estimated to be valued at US$ 11,548.1 million in 2021 and is expected to exhibit a CAGR of 10.30% over the forecast period 2022-2030, as highlighted in a new report published by Coherent Market Insights. A) Market Overview: Vertical farming is a method of cultivating plants in vertically stacked layers, typically in a controlled environment such as a building or warehouse. This modern agricultural technique utilizes indoor farming technologies, including hydroponics or aeroponics, to grow crops without soil and with minimal water requirement. Vertical farming offers several advantages over traditional farming methods. It allows year-round cultivation, independent of seasonal changes and adverse weather conditions. It also enables the efficient utilization of available space, making it an ideal solution for urban areas where land availability is limited. Moreover, vertical farming reduces the need for chemical pesticides and fertilizers, resulting in healthier and more sustainable produce. B) Market Key Trends: One key trend in the Vertical Farming Market is the increasing adoption of indoor farming techniques. With the growing concerns regarding food security and the environmental impact of conventional agriculture, there is a rising demand for more sustainable and efficient farming methods. Vertical farming addresses these challenges by providing a controlled environment for crop cultivation, which allows for higher yields and better resource utilization. For example, Aerofarms, a leading vertical farming company, has developed an indoor vertical farm in Newark, New Jersey, where they are able to grow leafy greens without soil or sunlight using their patented aeroponic technology. C) PEST Analysis: Political: Governments around the world are increasingly recognizing the potential of vertical farming to address food security challenges and reduce dependence on imports. They are implementing favorable policies and providing incentives to promote the adoption of vertical farming techniques. Economic: Vertical farming can significantly reduce transportation costs and carbon emissions associated with long-distance transportation of produce. It also provides new opportunities for job creation and economic growth in urban areas. Social: Vertical farming enables the production of fresh and healthy food in urban areas, reducing the need for long-distance transportation and the associated carbon footprint. It also provides opportunities for community engagement and education about sustainable agriculture. Technological: Technological advancements in indoor farming technologies, such as LED lighting systems, automation, and AI-based monitoring systems, have improved the efficiency and productivity of vertical farming operations. D) Key Takeaways: - The global vertical farming market is expected to witness high growth, exhibiting a CAGR of 10.30% over the forecast period, due to increasing adoption of indoor farming techniques. - North America is expected to be the fastest-growing and dominating region in the vertical farming market, driven by the presence of major players and favorable government initiatives. - Key players operating in the global vertical farming market include Signify Holding (PHILIPS), Aerofarms, Sky Greens, IGS limited, Everlight Electronics Co., Ltd., Freight Farms, Agrilution, American Hydroponics, Urban Crops Solutions, Vertical Farm System, Gronska stadsodling ab, V-Farm, GrowUp Farms Ltd, Vertical Future Ltd, SweGreen, Jones Food Company, InFarm, Agricool, Future Crops, GrowY, and Intelligent Growth Solutions Limited. In conclusion, the global vertical farming market is poised for significant growth in the coming years. With increasing concerns over food security and environmental sustainability, vertical farming offers a viable solution for producing fresh and healthy crops in urban areas. The adoption of indoor farming techniques and technological advancements will further drive the market expansion.

[mrudula01]

Vertical Farming Market: Technological Prospects 2022-2028

Agriculture

24, November 2022

Vertical farming – a closed environment crop-growing technique has gained prominence globally owing to high food consumption and lack of arable land for cultivation. The volume of global food consumption reached 2.5 billion metric tons in 2021. This elevates the need for this technique to reduce reliance on weather, high soil fertility, and water consumption. Our estimates indicate that the global vertical farming market is set to propel at a CAGR of 23.10% from 2022 to 2028.

Several crops have been grown in stacked layers in skyscrapers, warehouses, or shipping containers in recent years, especially in Asia and Europe. For instance, Vertical Future, a London-based company, concluded research to deliver sustainable fresh produce with zero agrichemical components. Hence, a gradual shift from conventional agrochemical-based farming to sustainable controlled environment agriculture has widened the market’s scope.

Technology-Driven Offerings – A Sustainable Approach

Lighting category captures the major share in terms of offering and is expected to continue its dominance over the forecast period. Farming with lighting technology enables consistent plant growth, reducing the heat stress on roots and ensuring uniform lighting. LED, in this regard, is a popular supplementary light source as it consumes 85% less heat than high-pressure sodium (HPS) lights.

Hence, the LED grow light is set to become the most sought-after technology, forecasted to reach about $12 billion by 2030. GoodLeaf, a Canadian vertical farm, is among the many to have replaced old lighting systems with LED to grow varied crops and reduce overall energy-related costs in vertical farming. Overall, the growing implementation of this technique in skyscrapers and greenhouses is estimated to drive the market’s demand in the coming years.

Vertical farming is inclined towards deploying sensors to store information in the cloud and analyze data in real time using the internet of things (IoT). Increasing government support for modern agricultural techniques has boosted the demand for these sensors in the market. For example, the European Commission introduced the Farm Advisory System to help farmers understand rules for animal health, agriculture, and the environment.

Another development includes collaboration between International Rice Research Institute and government partners to introduce the Cereal System initiative in South Asia to offer tools for location-specific fertilizer recommendations to growers. Estimates indicate C02 sensors to be a popular device, followed by pH, EC, and magnetometer sensors.

Climate control is a critical aspect of indoor farming techniques, with air quality control gaining major prominence. Hence, CO2 enrichment methods have been adopted to saturate CO2 solutions, reducing overall cost and the need for additional equipment such as HVAC systems. Since the build-up of heat and humidity in the growing area increases the risk of infection, vertical planes are incorporated as it allows air to move easily compared to horizontal layouts.

However, the rising need for airflow examination has influenced players to introduce new systems, such as the airflow monitoring system by Kanomax that measures air velocity 24/7, enabling farmers to intervene in real time if the airflow is poor or excessive. The deployment of such advanced systems creates opportunities for operating players to launch new products, thus driving the market.

Bio-Pharma Farming – A new Vertical?

In addition to being economically viable in the food industry, vertical farming is expected to show significant prominence in the biopharma sector in the upcoming years. Molecular farming, in this scenario, holds the potential to offer proteins that can be used as a therapeutic tool in healthcare and life sciences. In line with this, a few bio-pharma companies like Abattis Bioceuticals Corp have adopted vertical farming technology to produce nutraceutical components. Therefore, the adoption of advanced solutions like indoor cultivation will accelerate the vertical farming market’s development over the forecast period.

FAQs:

Q1) Which countries have adopted vertical farming?

Several countries in the Asia-Pacific and Europe have adopted vertical farming techniques, including Japan, China, Singapore, the UK, France, and the Netherlands.

Q2) Which are the key crop types in the vertical farming market?

Tomato, berries, pepper, cucumber, microgreens, lettuce and leafy vegetables, and others are key crop types in the vertical farming market.

[vrushali456]

Vertical Farming Market Tracking Report Analysis 2023-2031 

The global Vertical Farming Market size was estimated at USD 5.95 billion in 2022 and is expected to reach USD 30.15 billion in 2031. An old warehouse, a skyscraper, or a shipping container are just a few examples of places where vertical farming is practiced. Organic foods are thought to be more wholesome, safe, and environmentally friendly than conventional foods. Consumer food purchasing habits are a significant element influencing the demand for organic food, and producers, governments, and suppliers must take this into account to successfully implement marketing tactics.

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Top key players:

Ag Leader Technology (US),

Monsanto Company (Mexico),

Deere & Company (US),

CropMetrics LLC (Netherlands),

Trimble Navigation Limited (Australia),

CropX (US),

AgSmarts Inc (India),

AgSense, LLC (India),

AGCO Corporation (Austria),

DICKEY-john (U.K.),

Farmers Edge (US),

Market Growth

The preference of customers for organic products, a decline in the amount of arable land, and an increase in the demand for high-quality land are the main drivers of the worldwide vertical farming market. The forecasted rise of the worldwide vertical farming market would be further fueled by the increased crop production brought on by the rising population, consumers' growing health concerns, and rising urbanization. The use of much less water decreased exposure to pesticides and diseases, and the ability to produce more with less land under cultivation and immunity to weather are just a few of the amazing advantages that vertical farming offers

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Market segmentation:

Vertical Farming Market Size, Share & Trends Analysis Report By Offering, By Growing Mechanism, By Fruits, Vegetables & Herbs, By Structure (Shipping Container, Building-based), By Region, And Segment Forecasts, 2023 – 2031

Market Opportunities

The popularity of organic food products is rising as people's awareness of their health increases. Farmers all around the nation are switching to organic farming, as a result, improving the outlook for the market. A variety of projects are also being launched by the government to strengthen the nation's current agricultural infrastructure. In order to boost exports, it is also giving farmers financial aid for selling and shipping agricultural products.

Growing Mechanism Insight

Due to the significant usage of the aeroponics growth mechanism in vertical farming and its capacity for extensive planting, which is not offered by the other growth mechanisms, the aeroponics segment is anticipated to develop at a higher CAGR over the projected period. This method's low susceptibility to pests and diseases and friendliness to the environment also contribute to the market growth of this niche.

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[samirkumarblog]

The global vertical farming market size was estimated at USD 5.95 billion in 2022 and is expected to reach USD 30.15 billion in 2031. An old warehouse, a skyscraper, or a shipping container are just a few examples of places where vertical farming is practiced.

[tritonmarketresearch]

Vertical Farming Market: Technological Prospects 2022-2028

Vertical farming – a closed environment crop-growing technique has gained prominence globally owing to high food consumption and lack of arable land for cultivation. The volume of global food consumption reached 2.5 billion metric tons in 2021. This elevates the need for this technique to reduce reliance on weather, high soil fertility, and water consumption. Our estimates indicate that the global vertical farming market is set to propel at a CAGR of 23.10% from 2022 to 2028.

Several crops have been grown in stacked layers in skyscrapers, warehouses, or shipping containers in recent years, especially in Asia and Europe. For instance, Vertical Future, a London-based company, concluded research to deliver sustainable fresh produce with zero agrichemical components. Hence, a gradual shift from conventional agrochemical-based farming to sustainable controlled environment agriculture has widened the market’s scope.

Technology-Driven Offerings – A Sustainable Approach

Lighting category captures the major share in terms of offering and is expected to continue its dominance over the forecast period. Farming with lighting technology enables consistent plant growth, reducing the heat stress on roots and ensuring uniform lighting. LED, in this regard, is a popular supplementary light source as it consumes 85% less heat than high-pressure sodium (HPS) lights.

Hence, the LED grow light is set to become the most sought-after technology, forecasted to reach about $12 billion by 2030. GoodLeaf, a Canadian vertical farm, is among the many to have replaced old lighting systems with LED to grow varied crops and reduce overall energy-related costs in vertical farming. Overall, the growing implementation of this technique in skyscrapers and greenhouses is estimated to drive the market’s demand in the coming years.

Vertical farming is inclined towards deploying sensors to store information in the cloud and analyze data in real time using the internet of things (IoT). Increasing government support for modern agricultural techniques has boosted the demand for these sensors in the market. For example, the European Commission introduced the Farm Advisory System to help farmers understand rules for animal health, agriculture, and the environment.

Another development includes collaboration between International Rice Research Institute and government partners to introduce the Cereal System initiative in South Asia to offer tools for location-specific fertilizer recommendations to growers. Estimates indicate C02 sensors to be a popular device, followed by pH, EC, and magnetometer sensors.

Climate control is a critical aspect of indoor farming techniques, with air quality control gaining major prominence. Hence, CO2 enrichment methods have been adopted to saturate CO2 solutions, reducing overall cost and the need for additional equipment such as HVAC systems. Since the build-up of heat and humidity in the growing area increases the risk of infection, vertical planes are incorporated as it allows air to move easily compared to horizontal layouts.

However, the rising need for airflow examination has influenced players to introduce new systems, such as the airflow monitoring system by Kanomax that measures air velocity 24/7, enabling farmers to intervene in real time if the airflow is poor or excessive. The deployment of such advanced systems creates opportunities for operating players to launch new products, thus driving the market.

Bio-Pharma Farming – A new Vertical?

In addition to being economically viable in the food industry, vertical farming is expected to show significant prominence in the biopharma sector in the upcoming years. Molecular farming, in this scenario, holds the potential to offer proteins that can be used as a therapeutic tool in healthcare and life sciences. In line with this, a few bio-pharma companies like Abattis Bioceuticals Corp have adopted vertical farming technology to produce nutraceutical components. Therefore, the adoption of advanced solutions like indoor cultivation will accelerate the vertical farming market’s development over the forecast period.

[plethoraworldatlas]

Belgium-based Urban Crop Solutions (UCS) and Germany’s Aixponic have developed a new technology in sustainable agriculture that cultivates saltwater plants through indoor farming technology. The collaboration addresses water scarcity issues faced by the F&B industry by minimizing freshwater usage through saltwater irrigation. It also emphasizes the broader potential of indoor vertical farming which has potential to go beyond growing leafy greens and hone in on crops with nutraceutical benefits.

The collaboration merges an indoor fish farming facility with a vertical farm, tailored to meet the specific requirements of critical environments, facilitating optimal conditions for plant cultivation

[researcher1008]

Global Vertical Farming Crop Market Growth, Insights and Forecast by 2032 | Reed Intelligence

Vertical Farming Crop Market Insights

Reed Intelligence has recently added a new report to its vast depository titled Global Vertical Farming Crop Market. The report studies vital factors about the Global Vertical Farming Crop Market that are essential to be understood by existing as well as new market players. The report highlights the essential elements such as market share, profitability, production, sales, manufacturing, advertising, technological advancements, key market players, regional segmentation, and many more crucial aspects related to the Vertical Farming Crop Market.

Get Free Sample Report PDF @ https://reedintelligence.com/market-analysis/global-vertical-farming-crop-market/request-sample

Vertical Farming Crop Market Share by Key Players

Gartech

Sagar Poultries

V-Tech Agro Industries

Vijay Raj India

Dhumal Industries

Hightop Poultry Equipment

Big Dutchman

Texha

FACCO

Important factors like strategic developments, government regulations, market analysis, end users, target audience, distribution network, branding, product portfolio, market share, threats and barriers, growth drivers, latest trends in the industry are also mentioned.

Vertical Farming Crop Market Segmentation

The report on Global Vertical Farming Crop Market provides detailed segmentation by type, applications, and regions. Each segment provides information about the production and manufacturing during the forecast period of 2024-2032. The application segment highlights the applications and operational processes of the industry. Understanding these segments will help identify the importance of the various factors aiding to the market growth.

The report is segmented as follows:

Segment by Type

Semi-Automatic

Fully Automatic

Segment by Application

Chicken

Ducks

Vertical Farming Crop Market Segmentation by Region

North America

U.S.

Canada

Europe

Germany

UK

France

Asia Pacific

China

India

Japan

Australia

South Korea

Latin America

Brazil

Middle East & Africa

UAE

Kingdom of Saudi Arabia

South Africa

Get Detailed Segmentation @ https://reedintelligence.com/market-analysis/global-vertical-farming-crop-market/segmentation

The market research report on the Global Vertical Farming Crop Market has been carefully curated after studying and observing various factors that determine the growth, such as environmental, economic, social, technological and political status of the regions mentioned. Thorough analysis of the data regarding revenue, production, and manufacturers gives out a clear picture of the global scenario of the Vertical Farming Crop Market. The data will also help key players and new entrants understand the potential of investments in the Global Vertical Farming Crop Market.

Key Highlights

It provides valuable insights into the Global Vertical Farming Crop Market.

Provides information for the years 2024-2032. Important factors related to the market are mentioned.

Technological advancements, government regulations, and recent developments are highlighted.

This report will study advertising and marketing strategies, market trends, and analysis.

Growth analysis and predictions until the year 2032.

Statistical analysis of the key players in the market is highlighted.

Extensively researched market overview.

Buy Vertical Farming Crop Market Research Report @ https://reedintelligence.com/market-analysis/global-vertical-farming-crop-market/buy-now

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Email: sales@reedintelligence.com

[prajwal-agale001]

According to this latest publication from Meticulous Research®, the vertical farming market is projected to reach $43.88 billion by 2031, at a CAGR of 22.6% from 2024 to 2031. The growth of the vertical farming market is driven by the decrease in arable land & the growing need to increase crop yield, population growth & rapid urbanization, the rising demand for chemical-free fruits & vegetables, and increasing water scarcity & changing climatic conditions. However, the high capital investment requirements for implementing large-scale farms and the need for technical knowledge for efficient farm management restrain the market’s growth.

[infodatapark]

Greenhouse, Indoor & CEA Growers/Consultants Database - Email List

[semiconductorandelectronics]

Vertical Farming Market Size, Share, Statistics and Industry Growth Analysis Report by Growth Mechanism (Hydroponics, Aeroponics, Aquaponics), Structure (Building-based and Shipping container-based), Crop Type, Offering (Lighting, Sensors, Climate Control, Software, Services) & Region - Global Forecast to 2028

[johnsmithgroup]

India Vertical Farming Market Growth

The India vertical farming market is expected to exhibit a growth rate (CAGR) of 25.4% during 2023-2028. The increasing demand for sustainable farming to grow organic and nutritious food crops is one of the key factors driving the market growth.