Top 25 Countries Vertical Farming Plant Market 2014-2025 & Competitive Intelligence of Top 10 Countries

Vertical farming is a new technology of growing crops, this non-traditional method allows easy harvest home, negligible effect of climate, high yield, minimal usage of pesticides, less space demand, and fewer water consumption. It facilitates vast amount of nutritious and quality fresh foods while not relying on favorable weather, high water usage, skilled labor, and high soil fertility. Vertical farming is a perfect resolution to those considerations because it consumes 90th less water than traditional farming and will increase yield by nearly 70th. Vertical farming is anticipated to play a crucial role in support to the urban food security, enabling year-round production, and declining food miles.
Vertical farming environment is strictly controlled, and it can be regulated at frequent intervals. Moreover, it reduces over ripening of vegetables and fruits and minimizes the use of chemicals, fertilizers, and pesticides sprayed on the crops, which could lead to health issues. Also, no insects or agricultural pests can attack the plants in vertical farming.

Vertical farming Plant Market was valued at US$ 2.73 Bn in 2018 and expected to grow at 19.6% Compound Annual Growth Rate (CAGR) over 2019 to 2025.

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The companies are investing huge capital into research and innovation to make sure they are sustainable in the competitive market food production. Several major players who are focusing to expand their business through innovative technology. Since the vertical farming is the latest innovation in the crop production it reinvents the modern farming practices.  The vertical farming is declining the volume of traditional agriculture and raise the demand for the organic food internationally.

Vertical Farming Environment is protected with the Bio- security that prevents the diseases and insects’ attacks on crop that terminate the need of the pesticides, herbicides, foliar sprays etc. and it gives the results in short time hence the vertical farming is cost efficient and decreases the use of chemical products thus, its boost the vertical farming market.

Vertical Farming Plant Market: Drivers	Vertical Farming Plant Market: Restraints
Rising demand for high-quality food, without pesticides or herbicides	High initial investments
Independent farming technique with very less/no impact of climatic conditions	Limitations on the variety of crops grown
Possible to grow vegetables and fruits in a limited space	Vertical farms on a large scale
Growing opportunities for vertical farming in APAC

The key market players profiled in Vertical Farming Plant Market include:

·         AeroFarm

·         FarmedHere

·         Illumitex, Inc.

·         Koninklijke Philips N.V.

·         Sky Green

·         Everlight Electronics

·         Green Sense Farms

·         American Hydroponics

·         Hort Americas

·         Agrilution

Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and Latin America Middle East and Africa (LAMEA). The vertical farming has ransformed the modern agricultural practice with its modern automation to produce the good quality of nutritious food while reducing the cost and consumption of harmful chemicals products.

Vertical Farming Market Key Segments:

By Component

• Irrigation Component
• Lighting
• Sensor
• Climate Control
• Building Material
• Glass Greenhouse
• Plastic Greenhouse
• Others

By Growth Mechanism

• Hydroponics
• Aeroponics
• Aquaponics
• Others

By Region

• North America
• U.S.
• Canada
• Mexico
• Europe
• UK
• France
• Netherlands
• Rest of Europe
• Asia-Pacific
• China
• India
• Japan
• Australia
• Singapore
• Rest of Asia-Pacific
• LAMEA
• Latin America
• Middle East
• Africa

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