Global Vertical Farming Market To Be Driven By The Rising Demand For Organic Food (2021-2026)

SHERIDAN, Wyo. - Feb. 2, 2021 - PRLog -- The new report by Expert Market Research titled, 'Global Vertical Farming Market (https://www.expertmarketresearch.com/reports/vertical-farming-market) Report and Forecast 2021-2026', gives an in-depth analysis of the global vertical farming market, assessing the market based on its segments like growth mechanism, structure, components, crop type, applications, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter's Five Forces models.

The key highlights of the report include:

Market Overview (2016-2026)

• Historical Market Size (2020): USD 3.1 Billion
• Forecast CAGR (2021-2026): 21%
• Forecast Market Size (2026): USD 10.3 Billion

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Increased demand for high-quality and large food quantities, reduced environmental impacts and lack of availability of cultivable land are key factors driving the market growth. Vertical farming enables the production of food in large quantities in a small land area, thereby addressing the crucial challenge of catering to the increasing global demand for food.

Industry Definition and Major Segments

Vertical farming is effective in maintaining consistency in crop production and preserving reliability even under adverse climatic conditions. It offers several benefits over conventional farming techniques, including less water use, less need for agrochemicals, and low reliance on agricultural labour. Vertical farming uses metal reflectors and artificial lighting to enhance natural sunlight.

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Growth mechanism can be categorised into the following:

• Hydroponics
• Aeroponics
• Aquaponics

The structure of the market can be segmented as follows:

• Building-Based
• Shipping-Container

The components can be segmented into the following:

• Lighting
• Irrigation and Fertigation System
• Climate Control
• Sensors
• Others

The crop type includes the following:

• Vegetables
• Fruits
• Herbs
• Others

The application sectors can be divided into the following:

• Indoor
• Outdoor

Key Market Players

The major players in the market are AeroFarms LLC, Green Sense Farms Holdings, Inc., 4D Bios, Inc., Plenty Unlimited Inc., Gotham Greens Holdings, LLC, and Crop One, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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