Global Vertical Farming Market

- Size, Trend, Share, Opportunity Analysis & Forecast, 2014-2025

  • Date April 2017
  • price $3619
 
 

Vertical farming is a revolutionary approach to produce food in vertically stacked layers, such as in a skyscraper, used warehouse, or shipping container. It facilitates huge quantity of nutritious and quality fresh food, without relying on favorable weather, high water usage, skilled labor, and high soil fertility. Also, it enables reliable harvest and consistency along with climate control, as well as complete removal of external environment factors such as disease, pest or predator attacks. The global vertical farming market is expected to grow at a CAGR of 31.6% from 2017 to 2025.

Based on component, the global vertical farming market is segmented as hydroponic, lighting, sensing, climate control, and others. Based on growth mechanism, the market is segmented as hydroponics, aeroponics, and others. Geographic breakdown and deep analysis of each of the aforesaid segments is included for North America, Europe, Asia-Pacific, and LAMEA.

Market Dynamics:

Drivers:

  • Increasing adoption of technology driven agriculture.
  • Escalating demand for food due to growing population.
  • Technological advancements.

Restraints:

  • Lack of awareness about the benefits of the technology.
  • Affordability of the technology.

Market Players:

The top players in the global vertical farming market include Aerofarms, Farmedhere, Illumitex, Inc., Koninklijke Philips N.V, Sky Green, Everlight Electronics, Green Sense Farms, American Hydroponics, Hort Americas, and Agrilution.

KEY TAKEAWAYS
Global Vertical Farming Market

MARKET LANDSCAPE

By Component

  • Hydroponic
  • Lighting
  • Sensing
  • Climate Control
  • Others

By Growth Mechanism

  • Hydroponics
  • Aeroponics
  • Others

By Geography

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • Japan
    • Taiwan
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • Saudi Arabia
    • South Africa
    • Rest of LAMEA
SECTION 1 EXECUTIVE SUMMARY
1.1. KEY FINDINGS
1.2. MARKET ATTRACTIVENESS AND TREND ANALYSIS
1.3. COMPETITIVE LANDSCAPE AND RECENT INDUSTRY DEVELOPMENT ANALYSIS
SECTION 2 INTRODUCTION
2.1. REPORT DESCRIPTION
2.2. SCOPE AND DEFINITION
2.3. RESEARCH METHODOLOGY
2.3.1. Secondary research
2.3.2. Primary research
2.3.3. Analyst tools and models
SECTION 3 MARKET LANDSCAPE
3.1. DRIVERS
3.1.1. Increase in popularity of organic foods
3.1.2. Increase in urban population
3.1.3. Limited arable land for traditional agriculture
3.2. RESTRAINTS AND CHALLENGES
3.2.1. High initial investments
3.2.2. Developmental phase of technologies used
3.3. PORTER’S FIVE FORCES ANALYSIS
3.3.1. Bargaining power of suppliers
3.3.2. Bargaining power of buyers
3.3.3. Threat of substitutes
3.3.4. Threat of new entrants
3.3.5. Intensity of competitive rivalry
3.4. VALUE CHAIN ANALYSIS
3.5. COMPETITIVE INSIGHTS
3.5.1. Current Market Scenario
3.5.2. Competitive Scenario: Glass Producers
3.5.3. Future Market Trends
3.6. GLOBAL VERTICAL FARMING MARKET SHARE ANALYSIS, 2014-2025
3.6.1. Global vertical farming market share, by component, 2014-2025
3.6.2. Global vertical farming market share, by building material, 2014-2025
3.6.3. Global vertical farming market share, by growth mechanism, 2014-2025
3.6.4. Global vertical farming market share, by region, 2014-2025
SECTION 4 GLOBAL VERTICAL FARMING MARKET, BY COMPONENT
4.1. IRRIGATION COMPONENT
4.1.1. Historical Market Size, 2014-2016
4.1.2. Market Forecast, by Region, 2017-2025
4.2. LIGHTING
4.2.1. Historical Market Size, 2014-2016
4.2.2. Market Forecast, by Region, 2017-2025
4.3. SENSOR
4.3.1. Historical Market Size, 2014-2016
4.3.2. Market Forecast, by Region, 2017-2025
4.4. CLIMATE CONTROL
4.4.1. Historical Market Size, 2014-2016
4.4.2. Market Forecast, by Region, 2017-2025
4.5. BUILDING MATERIAL
4.5.1. Historical Market Size, 2014-2016
4.5.2. Market Forecast, by Region, 2017-2025
4.5.3. Glass Greenhouse
4.5.3.1. Historical Market Size, 2014-2016
4.5.3.2. Market Forecast, by Region, 2017-2025
4.5.4. Plastic Greenhouse
4.5.4.1. Historical Market Size, 2014-2016
4.5.4.2. Market Forecast, by Region, 2017-2025
4.6. OTHERS
4.6.1. Historical Market Size, 2014-2016
4.6.2. Market Forecast, by Region, 2017-2025
SECTION 5 GLOBAL VERTICAL FARMING MARKET, BY GROWTH MECHANISM
5.1. HYDROPONICS
5.1.1. Historical Market Size, 2014-2016
5.1.2. Market Forecast, by Region, 2017-2025
5.2. AEROPONICS
5.2.1. Historical Market Size, 2014-2016
5.2.2. Market Forecast, by Region, 2017-2025
5.3. AQUAPONICS
5.3.1. Historical Market Size, 2014-2016
5.3.2. Market Forecast, by Region, 2017-2025
SECTION 6 GLOBAL VERTICAL FARMING MARKET, BY REGION
6.1. NORTH AMERICA
6.1.1. U.S.
6.1.1.1. Historical Market Size, 2014-2016
6.1.1.2. Market Forecast, 2017-2025
6.1.2. Canada
6.1.2.1. Historical Market Size, 2014-2016
6.1.2.2. Market Forecast, 2017-2025
6.1.3. Mexico
6.1.3.1. Historical Market Size, 2014-2016
6.1.3.2. Market Forecast, 2017-2025
6.2. EUROPE
6.2.1. UK
6.2.1.1. Historical market size, 2014-2016
6.2.1.2. Market Forecast, 2017-2025
6.2.2. Germany
6.2.2.1. Historical market size, 2014-2016
6.2.2.2. Market Forecast, 2017-2025
6.2.3. France
6.2.3.1. Historical market size, 2014-2016
6.2.3.2. Market Forecast, 2017-2025
6.2.4. Netherlands
6.2.4.1. Historical market size, 2014-2016
6.2.4.2. Market Forecast, 2017-2025
6.2.5. Rest of Europe
6.2.5.1. Historical market size, 2014-2016
6.2.5.2. Market Forecast, 2017-2025
6.3. ASIA-PACIFIC
6.3.1. China
6.3.1.1. Historical market size, 2014-2016
6.3.1.2. Market Forecast, 2017-2025
6.3.2. India
6.3.2.1. Historical Market Size, 2014-2016
6.3.2.2. Market Forecast, 2017-2025
6.3.3. Japan
6.3.3.1. Historical market size, 2014-2016
6.3.3.2. Market Forecast, 2017-2025
6.3.4. Australia
6.3.4.1. Historical Market Size, 2014-2016
6.3.4.2. Market Forecast, 2017-2025
6.3.5. Singapore
6.3.5.1. Historical Market Size, 2014-2016
6.3.5.2. Market Forecast, 2017-2025
6.3.6. Rest of Asia-Pacific
6.3.6.1. Historical Market Size, 2014-2016
6.3.6.2. Market Forecast, 2017-2025
6.4. LAMEA
6.4.1. Brazil
6.4.1.1. Historical Market Size, 2014-2016
6.4.1.2. Market Forecast, 2017-2025
6.4.2. Saudi Arabia
6.4.2.1. Historical Market Size, 2014-2016
6.4.2.2. Market Forecast, 2017-2025
6.4.3. South Africa
6.4.3.1. Historical Market Size, 2014-2016
6.4.3.2. Market Forecast, 2017-2025
6.4.4. Rest of LAMEA
6.4.4.1. Historical Market Size, 2014-2016
6.4.4.2. Market Forecast, 2017-2025
SECTION 7 COMPANY PROFILES
7.1. AEROFARMS
7.1.1. Overview
7.1.2. Recent developments
7.2. AGRILUTION
7.2.1. Overview
7.2.2. Recent developments
7.3. AMERICAN HYDROPONICS
7.3.1. Overview
7.4. EVERLIGHT ELECTRONICS
7.4.1. Overview
7.5. FARMEDHERE
7.5.1. Overview
7.5.2. Recent developments
7.6. GREEN SENSE FARMS
7.6.1. Overview
7.6.2. Recent developments
7.7. HORT AMERICAS
7.7.1. Overview
7.7.2. Recent developments
7.8. ILLUMITEX
7.8.1. Overview
7.8.2. Recent developments
7.9. KONINKLIJKE PHILIPS N.V.
7.9.1. Overview
7.9.2. Recent developments
7.10. SKY GREENS
7.10.1. Overview
7.10.2. Recent developments

LIST OF TABLES

TABLE 1. COMPONENT PRICING
TABLE 2. GLOBAL VERTICAL FARMING MARKET REVENUE SHARE, BY COMPONENT, 2014-2025 (%)
TABLE 3. GLOBAL VERTICAL FARMING MARKET REVENUE SHARE, BY BUILDING MATERIAL, 2014-2025 (%)
TABLE 4. GLOBAL VERTICAL FARMING MARKET REVENUE SHARE, BY GROWTH MECHANISM, 2014-2025 (%)
TABLE 5. GLOBAL VERTICAL FARMING MARKET REVENUE SHARE, BY REGION, 2014-2025 (%)
TABLE 6. IRRIGATION COMPONENT FOR VERTICAL FARMING MARKET VALUE, BY REGION, 2017-2025 ($MILLION)
TABLE 7. LIGHTING FOR VERTICAL FARMING MARKET VALUE, BY REGION, 2017-2025 ($MILLION)
TABLE 8. SENSOR FOR VERTICAL FARMING MARKET VALUE, BY REGION, 2017-2025 ($MILLION)
TABLE 9. CLIMATE CONTROL FOR VERTICAL FARMING MARKET VALUE, BY REGION, 2017-2025 ($MILLION)
TABLE 10. BUILDING MATERIAL FOR VERTICAL FARMING VALUE, BY REGION, 2017-2025 ($MILLION)
TABLE 11. VARIOUS GLASSES AND THEIR SPECIFICATIONS
TABLE 12. GLASS BUILDING MATERIAL FOR VERTICAL FARMING VALUE, BY REGION, 2017-2025 ($MILLION)
TABLE 13. PLASTIC BUILDING MATERIAL FOR VERTICAL FARMING VALUE, BY REGION, 2017-2025 ($MILLION)
TABLE 14. OTHER COMPONENT FOR VERTICAL FARMING VALUE, BY REGION, 2017-2025 ($MILLION)
TABLE 15. HYDROPONICS GROWTH MECHANISM FOR VERTICAL FARMING MARKET VALUE, BY REGION, 2017-2025 ($MILLION)
TABLE 16. AEROPONICS GROWTH MECHANISM FOR VERTICAL FARMING MARKET VALUE, BY REGION, 2017-2025 ($MILLION)
TABLE 17. AQUAPONICS GROWTH MECHANISM FOR VERTICAL FARMING MARKET VALUE, BY REGION, 2017-2025 ($MILLION)
TABLE 18. NORTH AMERICA VERTICAL FARMING MARKET, BY COUNTRY, 2014-2025 ($MILLION)
TABLE 19. NORTH AMERICA VERTICAL FARMING MARKET, BY COMPONENT, 2014-2025 ($MILLION)
TABLE 20. NORTH AMERICA VERTICAL FARMING MARKET, BY BUILDING MATERIAL, 2014-2025 ($MILLION)
TABLE 21. NORTH AMERICA VERTICAL FARMING MARKET, BY GROWTH MECHANISM, 2014-2025 ($MILLION)
TABLE 22. EUROPE VERTICAL FARMING MARKET, BY COUNTRY, 2014-2025 ($MILLION)
TABLE 23. EUROPE VERTICAL FARMING MARKET, BY COMPONENT, 2014-2025 ($MILLION)
TABLE 24. EUROPE VERTICAL FARMING MARKET, BY BUILDING MATERIAL, 2014-2025 ($MILLION)
TABLE 25. EUROPE VERTICAL FARMING MARKET, BY GROWTH MECHANISM, 2014-2025 ($MILLION)
TABLE 26. ASIA-PACIFIC VERTICAL FARMING MARKET, BY COUNTRY, 2014-2025 ($MILLION)
TABLE 27. ASIA-PACIFIC VERTICAL FARMING MARKET, BY COMPONENT, 2014-2025 ($MILLION)
TABLE 28. ASIA-PACIFIC VERTICAL FARMING MARKET, BY BUILDING MATERIAL, 2014-2025 ($MILLION)
TABLE 29. ASIA-PACIFIC VERTICAL FARMING MARKET, BY GROWTH MECHANISM, 2014-2025 ($MILLION)
TABLE 30. LAMEA VERTICAL FARMING MARKET, BY COUNTRY, 2014-2025 ($MILLION)
TABLE 31. LAMEA VERTICAL FARMING MARKET, BY COMPONENT, 2014-2025 ($MILLION)
TABLE 32. LAMEA VERTICAL FARMING MARKET, BY BUILDING MATERIAL, 2014-2025 ($MILLION)
TABLE 33. LAMEA VERTICAL FARMING MARKET, BY GROWTH MECHANISM, 2014-2025 ($MILLION)
TABLE 34. COMPANY SNAPSHOT
TABLE 35. COMPANY SNAPSHOT
TABLE 36. COMPANY SNAPSHOT
TABLE 37. COMPANY SNAPSHOT
TABLE 38. COMPANY SNAPSHOT
TABLE 39. COMPANY SNAPSHOT
TABLE 40. COMPANY SNAPSHOT
TABLE 41. COMPANY SNAPSHOT
TABLE 42. COMPANY SNAPSHOT
TABLE 43. COMPANY SNAPSHOT

LIST OF FIGURES

FIGURE 1. TOP WINNING STRATEGIES, BY TYPE, 2013-2016 (%)
FIGURE 2. RESEARCH METHODOLOGY
FIGURE 3. SALES TREND OF ORGANIC FOOD IN AMERICA, 2006-2015 ($BILLION)
FIGURE 4. RISE IN URBAN POPULATION, 2000-2014 (BILLION)
FIGURE 5. BARGAINING POWER OF SUPPLIERS
FIGURE 6. BARGAINING POWER OF BUYERS
FIGURE 7. THREAT OF SUBSTITUTES
FIGURE 8. THREAT OF NEW ENTRANTS
FIGURE 9. INTENSITY OF COMPETITIVE RIVALRY
FIGURE 10. VALUE CHAIN ANALYSIS OF VERTICAL FARMING
FIGURE 11. IRRIGATION COMPONENT MARKET VALUE, 2014-2016 ($MILLION)
FIGURE 12. LIGHTING MARKET VALUE, 2014-2016 ($MILLION)
FIGURE 13. SENSOR FOR VERTICAL FARMING MARKET VALUE, 2014-2016 ($MILLION)
FIGURE 14. CLIMATE CONTROL MARKET VALUE, 2014-2016 ($MILLION)
FIGURE 15. BUILDING MATERIAL MARKET VALUE, 2014-2016 ($MILLION)
FIGURE 16. GLASS BUILDING MATERIAL MARKET VALUE, 2014-2016 ($MILLION)
FIGURE 17. PLASTIC BUILDING MATERIAL MARKET VALUE, 2014-2016 ($MILLION)
FIGURE 18. OTHER COMPONENT MARKET VALUE, 2014-2016 ($MILLION)
FIGURE 19. HYDROPONICS GROWTH MECHANISM FOR VERTICAL FARMING MARKET VALUE, 2014-2016 ($MILLION)
FIGURE 20. AEROPONICS GROWTH MECHANISM FOR VERTICAL FARMING MARKET VALUE, 2014-2016 ($MILLION)
FIGURE 21. AQUAPONICS GROWTH MECHANISM FOR VERTICAL FARMING MARKET VALUE, 2014-2016 ($MILLION)
FIGURE 22. U.S. VERTICAL FARMING MARKET SIZE, 2014-2016 ($MILLION)
FIGURE 23. U.S. VERTICAL FARMING MARKET SIZE, 2017-2025 ($MILLION)
FIGURE 24. CANADA VERTICAL FARMING MARKET SIZE, 2014-2016 ($MILLION)
FIGURE 25. CANADA VERTICAL FARMING MARKET SIZE, 2017-2025 ($MILLION)
FIGURE 26. MEXICO VERTICAL FARMING MARKET SIZE, 2014-2016 ($MILLION)
FIGURE 27. MEXICO VERTICAL FARMING MARKET SIZE, 2017-2025 ($MILLION)
FIGURE 28. UK VERTICAL FARMING MARKET SIZE, 2014-2016 ($MILLION)
FIGURE 29. UK VERTICAL FARMING MARKET SIZE, 2017-2025 ($MILLION)
FIGURE 30. GERMANY VERTICAL FARMING MARKET SIZE, 2014-2016 ($MILLION)
FIGURE 31. GERMANY VERTICAL FARMING MARKET SIZE, 2017-2025 ($MILLION)
FIGURE 32. FRANCE VERTICAL FARMING MARKET SIZE, 2014-2016 ($MILLION)
FIGURE 33. FRANCE VERTICAL FARMING MARKET SIZE, 2017-2025 ($MILLION)
FIGURE 34. NETHERLANDS VERTICAL FARMING MARKET SIZE, 2014-2016 ($MILLION)
FIGURE 35. NETHERLANDS VERTICAL FARMING MARKET SIZE, 2017-2025 ($MILLION)
FIGURE 36. REST OF EUROPE VERTICAL FARMING MARKET SIZE, 2014-2016 ($MILLION)
FIGURE 37. REST OF EUROPE VERTICAL FARMING MARKET SIZE, 2017-2025 ($MILLION)
FIGURE 38. CHINA VERTICAL FARMING MARKET SIZE, 2014-2016 ($MILLION)
FIGURE 39. CHINA VERTICAL FARMING MARKET SIZE, 2017-2025 ($MILLION)
FIGURE 40. INDIA VERTICAL FARMING MARKET SIZE, 2014-2016 ($MILLION)
FIGURE 41. INDIA VERTICAL FARMING MARKET SIZE, 2017-2025 ($MILLION)
FIGURE 42. JAPAN VERTICAL FARMING MARKET SIZE, 2014-2016 ($MILLION)
FIGURE 43. JAPAN VERTICAL FARMING MARKET SIZE, 2017-2025 ($MILLION)
FIGURE 44. AUSTRALIA VERTICAL FARMING MARKET SIZE, 2014-2016 ($MILLION)
FIGURE 45. AUSTRALIA VERTICAL FARMING MARKET SIZE, 2017-2025 ($MILLION)
FIGURE 46. SINGAPORE VERTICAL FARMING MARKET SIZE, 2014-2016 ($MILLION)
FIGURE 47. SINGAPORE VERTICAL FARMING MARKET SIZE, 2017-2025 ($MILLION)
FIGURE 48. REST OF ASIA-PACIFIC VERTICAL FARMING MARKET SIZE, 2014-2016 ($MILLION)
FIGURE 49. REST OF ASIA PACIFIC VERTICAL FARMING MARKET SIZE, 2017-2025 ($MILLION)
FIGURE 50. BRAZIL VERTICAL FARMING MARKET SIZE, 2014-2016 ($MILLION)
FIGURE 51. BRAZIL VERTICAL FARMING MARKET SIZE, 2017-2025 ($MILLION)
FIGURE 52. SAUDI ARABIA VERTICAL FARMING MARKET SIZE, 2014-2016 ($MILLION)
FIGURE 53. SAUDI ARABIA VERTICAL FARMING MARKET SIZE, 2017-2025 ($MILLION)
FIGURE 54. SOUTH AFRICA VERTICAL FARMING MARKET SIZE, 2014-2016 ($MILLION)
FIGURE 55. SOUTH AFRICA VERTICAL FARMING MARKET SIZE, 2017-2025 ($MILLION)
FIGURE 56. REST OF LAMEA VERTICAL FARMING MARKET SIZE, 2014-2016 ($MILLION)
FIGURE 57. REST OF LAMEA VERTICAL FARMING MARKET SIZE, 2017-2025 ($MILLION)
FIGURE 58. COMPANY SNAPSHOT
FIGURE 59. COMPANY SNAPSHOT
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