Global Vertical Farming Market 2019: Industry Analysis By Size, Share, Growth, Key Players, Trends, Regional-Outlook, Business-Opportunities and Forecast Till 2024

Global Vertical Farming Market is Expected to Grow at CAGR of 8.4% during the forecast period (2019-2024) with North America projected with CAGR of 10.3% and largest market with revenue of USD 959.1 million.

Dallas, United States - August 24, 2019 /MarketersMedia/ —

Global Vertical Farming Market 2019-2024:

Market Overview:

The global vertical farming market was valued at USD 1922.1 million in 2018 and is projected to register a CAGR of 8.4% during the forecast period (2019-2024). North America is projected to be the fastest growing market, registering a CAGR of 10.3%. The region is also the largest market with revenue of USD 959.1 million. North America and Europe together hold more than 60% share in the market. Investors in the Asia-Pacific and in South America are still exploring the possibilities of investments in vertical farming systems and the increasing knowledge of vertical farming methods and their advantages in these areas, along with increasing worries about food safety owing to the increasing population in the region, are expected to increase the popularity of vertical farming systems in these regions over the forecast period.

Access the PDF sample of Global Vertical Farming Market Report @ https://www.orbisresearch.com/contacts/request-sample/3583437

Competitive Landscape:

The market is highly fragmented, with the top six companies holds just 2% of the market share, while the rest of the market is shared among numerous players. Many commercial growers are adopting technologies which involve high capital expenditure, such as advanced hydroponic systems and electronic traceability systems. Additionally, growers are heavily investing in LEDs and other innovative lighting products,in order to reduce their exposure to associated risks by carefully monitoring and investing in new technologies. The development of customized lighting systems for research testing, comprising top-lighting, inter-lighting, and tissue culture, is accelerating the growth of the global market segment of the lighting devices. Partnerships and collaborations will enable growers to provide year-round supplies, thereby strengthening their position in the market. The new players that are entering the indoor vertical farming market can fetch profits by choosing the most profitable crops and by using the correct facility systems.

Scope of the Report:

Vertical farming is the practice of growing produce in vertically stacked layers. The practice can use soil, hydroponic or aeroponic growing methods. Vertical farms attempt to produce food in challenging environments, like where arable land is rare or unavailable. The method helps mountainside towns, deserts and cities grow different types of fruits and vegetables by using skyscraper-like designs. Vertical farming typically uses a mix of natural light and artificial light. As vertical farming uses little space, it is a popular and preferred method for roof-top and other urban forms of agriculture. This report analyzes the vertical farming market from the perspective of revenues earned by companies engaged in vertical farming systems.

Browse Complete Global Vertical Farming Market Report@ https://www.orbisresearch.com/reports/index/global-vertical-farming-market-size-growth-trends-and-forecast-2019-2024

Key Market Trends:

Rapid Pace of Development of Precision Farming Technologies

The introduction of harvesting robots, automatic seed planters, and greenhouse roof washers have been instrumental in reducing operating costs and increasing revenues, in the vertical farming market. The automating movement of the plants is gaining popularity. It includes unit tasks of transplanting, seeding, packaging, harvesting, and cleaning, which, in turn, boosts the vertical farming market. The use of hydroponics allows the long-term cultivation of a wide range of crops, grown in vertical farming. Recent developments in the field of hydroponics, to cater to casual indoor growers, simplifying technology, and economics are increasing this segment's growth in the global vertical farming market.

North America - Largest Market for Vertical Farming

The North American vertical farming market was valued at USD 959.1 million in 2018. North America dominated the global vertical farming market, accounting for around 50% of the share in the global market. Furthermore, the US market dominated the North American region, accounting for 65.4% of North America's share in 2018. Growing concerns toward food security and nutrition are expected to open a number of novel opportunities for the industry to prosper. The United States is anticipated to invest a significant share in facilitating the ecosystem for future foods. As more of the consumer insights develop toward “fresh-from-farm-to-table”, the availability of freshly harvested vegetables across retail outlets is expected to increase in the country (which is also the pioneer in adopting this concept). The onset of urban population dwelling across cities, such as New York, Chicago, and Milwaukee, has propelled the environment for vertical farming with activities, such as revamping derailed vacant warehouses, derelict buildings, and high rises, which has, in turn, led to an increase in the production of fresh grown foods altogether.

Reasons to Purchase this report:

- The market estimate (ME) sheet in Excel format
- Report customization as per the client's requirements
- 3 months of analyst support

Enquire Before Buying Global Vertical Farming Market Report: https://www.orbisresearch.com/contacts/enquiry-before-buying/3583437

Table of Content:
1 INTRODUCTION
2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS
5 MARKET SEGMENTATION

6 COMPETITIVE LANDSCAPE
6.1 Most Adopted Strategies
6.2 Market-share Analysis
6.3 Company Profiles
6.3.1 Aerofarms LLC
6.3.2 Sky Urban Solutions
6.3.3 Green Sense Farms LLC
6.3.4 Agrilution GmbH
6.3.5 American Hydroponics Inc.
6.3.6 Urban Crops Solutions
6.3.7 Vertical Farm System

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

About Us:
Orbis Research (orbisresearch.com) is a single point aid for all your market research requirements. We have vast database of reports from the leading publishers and authors across the globe. We specialize in delivering customized reports as per the requirements of our clients. We have complete information about our publishers and hence are sure about the accuracy of the industries and verticals of their specialization. This helps our clients to map their needs and we produce the perfect required market research study for our clients.

Contact Info:
Name: Hector Costello
Email: Send Email
Organization: Orbis Research
Address: 4144N Central Expressway, Suite 600, Dallas, Texas - 75204, U.S.A.
Phone: +1 (214) 884-6817, +91 895 659 5155
Website: https://www.orbisresearch.com/reports/index/global-vertical-farming-market-size-growth-trends-and-forecast-2019-2024

Source URL: https://marketersmedia.com/global-vertical-farming-market-2019-industry-analysis-by-size-share-growth-key-players-trends-regional-outlook-business-opportunities-and-forecast-till-2024/88911844

Source: MarketersMedia

Release ID: 88911844

Latest News

Indiana lawmakers seek probe of ex-abortion doctor's clinics

Sep 17, 2019

INDIANAPOLIS — Indiana's attorney general said Monday that he will work with his Illinois counterpart to investigate what he called the "grisly discovery" of more than 2,000 medically preserved fetal remains at the Illinois home of a late doctor who performed abortions in Indiana. Republican Attorney General Curtis Hill said he and Democratic Illinois Attorney General Kwame Raoul have "agreed to work together" as Hill's office coordinates an investigation of the remains found at the home of Dr. Ulrich Klopfer, who died Sept. 3. "The grisly discovery of these fetal remains at the Illinois home of a deceased abortion doctor...

The Latest: Indiana, Illinois AGs to probe fetal remains

Sep 17, 2019

INDIANAPOLIS — The Latest on the discovery of fetal remains at the Illinois home of a former Indiana abortion doctor (all times local): 4:30 p.m. Indiana's attorney general says he'll work with his Illinois counterpart to investigate last week's discovery of more than 2,000 medically preserved fetal remains at the Illinois home of a late doctor who performed abortions in Indiana. Republican Indiana Attorney General Curtis Hill said in a statement Monday that he conferred over the weekend with Democratic Illinois Attorney General Kwame Raoul and they "agreed to work together" as Hill's office coordinates an investigation into the remains...

No new measles cases reported in fading US outbreak

Sep 17, 2019

NEW YORK — The nation's worst measles epidemic in 27 years could be in its final stages as a week went by with no new reported cases. "To get to zero is tremendously encouraging," said Jason Schwartz, a Yale University expert on vaccination policy. The current epidemic emerged about a year ago and took off earlier this year, with most of the cases reported in Orthodox Jewish communities in and around New York City. It started with travelers who had become infected overseas but spread quickly among unvaccinated people. In the spring, 70 or more new cases were being reported...

The Latest: Michigan governor supports striking GM workers

Sep 17, 2019

DETROIT — The Latest on the United Auto Workers strike against General Motors (all times local): 12:30 p.m. Michigan Gov. Gretchen Whitmer is supporting autoworkers who are striking against General Motors. The Democrat on Monday visited United Auto Workers members picketing outside the Lansing Grand River plant, blocks from the state Capitol building. Photos her office posted to social media showed her shaking hands and delivering doughnuts. Spokeswoman Tiffany Brown says Whitmer is closely monitoring the strike and supports working peoples' rights to negotiate together for better wages, benefits, working conditions and more time to spend with their families. More...

Many US women say 1st sexual experience was forced in teens

Sep 17, 2019

CHICAGO — The first sexual experience for 1 in 16 U.S. women was forced or coerced intercourse in their teens. That's according to a study published Monday that says those encounters may have had lasting health consequences. The authors say the experiences amount to rape, but they relied on a national survey that didn't use the word in asking about forced sex. It happened to almost 7 percent of women surveyed, they were age 15 on average the man was often several years older. Affected women had more sex partners, unwanted pregnancies and abortions, and more reproductive health problems than...

About Us

Travel Leisure Mag is New York City’s travel and lifestyle online magazine with the vision of creating a unique blend of valuable and quality travel experience to the readers. We trust that you will enjoy this experience.

Contact us: sales[at]travelleisuremag.com