Global Vertical Farming Market - Market Size, Share & Industry Trends, Growth Analysis Report By Product Type, By Consumption and Forecast 2019 - 2025


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Introduction Vertical Farming Market was valued at USD X.X Billion in 2018 and is projected to reach USD X.X billion by 2025, at a CAGR of X.X % from 2019-2025. This is attributed to growing adoption of environment-friendly production of fruits and vegetables. Unprecedented growth of the global population has increased demand for urban agriculture. Vertical farming is the practice of producing food in a vertically stacked layer such as a used warehouse, skyscraper, or shipping container. Organic foods are perceived as healthier, nutritious, safer, and more environmentally friendly. A critical factor that influences demand for organic food is the food purchasing behavior of consumers, which is essential for producers, policy makers, and suppliers to implement successful marketing strategies. Geographical Overview At a global level, North America region was holding the highest market share in 2018. Whereas, Asia Pacific region is considered as the fastest growing region with key players adopting expansion strategy in this region to gain maximum market share in the coming years. China and India are offering ample opportunities for the growth of Vertical Farming Market with its high population base. In terms of revenue, Asia Pacific dominated the industry in 2018 and is expected to remain dominant over the forecast period. Growing awareness regarding the importance of alternative farming, owing to less availability of fertile agricultural land and increasing population Segmental Overview Vertical Farming Market is segmented as per below specifications - By Product Type: • Shipping Container • Building-based By Consumption: • Lighting • Hydroponic Components • Climate Control • Sensors By Distribution Channel: • Hydroponics • Aeroponics • Aquaponics Competitor Analysis Vertical Farming Market has presence of some of the key major players across globe which includes • AeroFarms (U.S.) • Illumitex, Inc. (U.S.) • American Hydroponics (U.S.). These key players are concentrating its efforts on the continuous product improvement with innovative initiatives to have an edge over other competitors. Further, to garner maximum market share, companies are adopting merger/ acquisition/ partnership and maintaining strong distribution networks strategies. By Geographical Locations: • North America o U.S. o Canada • Europe o U.K. o France o Italy o Germany o Spain o Russia & CIS o Rest of Europe • Asia-Pacific o China o India o Japan o South Korea o ASEAN o Rest of Asia Pacific • Latin America o Brazil o Argentina o Rest of LATAM • Middle East & Africa o UAE o South Africa o Rest of MEA Highlights of the report What is Vertical Farming Market? Who all are key market players in the industry? How the Parent Industry is growing? Where are the key opportunities for new market entrant? A comprehensive analysis, which covers key growth factors across the value chain Recent developments in market Granular Market Segmentation Market size projection based on Historical & current market trends Market share analysis and key strategies adopted by leading Players Production Cost & Sensitivity Analysis Country Level Market Analysis of Top 16 countries Data Driven Decision Recommendations