Organic Farming Methods open new Avenues in Vertical Farming Market

San Francisco, California, August 31, 2018 – The rising popularity of vertical farming as an advanced practice of agriculture is a key factor driving the demand. The receding land resources base in several regions across the globe has propelled the need for advanced methods of farming. The substantial traction that precision farming has garnered in recent years in the agriculture industry is catalyzing the overall growth of the market.

A report by TMR Research takes a closer look at these key growth dynamics and evaluates their role in shaping the contours of the global vertical farming market over the assessment period of 2017–2025. The study is titled “Vertical Farming Market – Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017–2025”.

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The rising population of health-conscious individuals, world over, is a notable trend stoking the popularity of organic food, which in turn is reinforcing the demand for vertical farming techniques. The growing inclination of urbanized population toward indoor farming and gardening is also aiding in the steady expansion of the market. Constant advances made in controlled-environment agriculture (CEA) technology are opening new frontiers. The growing usage of advanced lighting technology, such as LED grow lights, is expected to support rapid market growth.

Several players, notably food manufacturers and retailers, who are investing in advanced urban farming methods consider vertical farming as potentially promising. However, large players are slow in adopting, give the incipient stage of the technology. Nevertheless, the focus on multilevel indoor farms in numerous developed nations is providing a marked growth impetus boosting the market. Furthermore, the growing awareness of the benefits of alternative methods of farming will also provide a fillip to the demand for vertical farming methods.

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The global vertical farming market is also likely to benefit substantially from initiatives by governments in several countries to promote climate-friendly independent farming techniques. Top players are making substantial research spending to leverage the potential of vertical farming and focused on developing advanced technologies. Some of the key players operating in the market are CNH Industrial NV., Sky Greens, Koninklijke Philips, Illumitex Inc., Aerofarms, and Deere & Company.

Vertical Farming Market – Required electromagnetic spectrum for photosynthesis 2025

Global Vertical Farming Market: Snapshot

Vertical farming is the latest innovation in food production destined to reinvent modern agriculture practices across the world. Considered as a part of precision farming, vertical farming is picking up steam across people living in cities and suburbs. Fuelled by the soaring demand for organic foods worldwide and declining space to support traditional agriculture, vertical farming techniques have gained popularity over the years. Steady pace of urbanization in various developing nations has led a large number of health-conscious urban dwellers to cultivate crops indoors where the environmental conditions can be regulated or controlled. Owing to competing land resources and unpredictability of weather conditions, researchers and entrepreneurs are persistently seeking modern and advanced agricultural technologies and techniques to meet global demand for food.

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Vertical framing consists of producing crops in vertical stacked layers of plant beds. It mostly relies on hydroponics or aeroponics. Hydroponics allows agriculturists the benefit of low nutrient and water wastage, while maximizing the yield. The sunlight required for plant’s growth is usually replaced by LED lighting that provides the required electromagnetic spectrum for photosynthesis; the preference of LED over traditional lighting systems is driven by minimal heat signatures. A wide range of technologies such as grow lights and other agricultural innovations like controlled-environment agriculture (CEA) technology make vertical farming popular. These technologies have increased the efficiency of multilevel indoor farms to better yields. Though the vertical farming market is safely banking on the steady growth of organic foods businesses, the technology is at best considered emerging by big players. Several food manufacturers and retailers who invest substantially in urban agriculture offer indirect impetus to various vertical farming projects, especially in developed markets, such as in Japan and the U.S.

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Global Vertical Farming Market: Overview

The global vertical farming market is likely to gain significant traction in the foreseeable future, due to the burgeoning demand for biopharmaceutical products. The rapid urbanization and government initiatives are triggering the deployment of vertical farms across the world. For instance, the European Environment Agency (EEA) with the help of Sustain Solar Limited (U.K.) are working towards converting flat roofs across London into vegetable gardens. The commonly followed growth mechanism for vertical farming includes hydroponics and aeroponics.

The research report provides an immaculate understanding of the various factors influencing the market and the extent to which they impact the growth. The study is compiled using data from various paid and unpaid sources including journals, white papers, presentations, and press releases. The report offers qualitative insights into the competitive landscape of the market. It profiles key players in the market along with their market shares, cost and revenue structures, business strategies, latest developments, and contact information. It segments the global vertical farming market on the basis of various criteria including geography, crop type, and growth mechanism for a coherent understanding.

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Global Vertical Farming Market: Drivers and Restraints

With the ever-increasing demand for food along with special emphasis on its high-quality, the global vertical farming market is anticipated to tread along a healthy growth track. Governments worldwide are promoting methods to produce food in environment-friendly ways, curtailing the use of pesticides, insecticides, and artificial fertilizers and at the same time not compromising on the quantity and quality of food. The increasing emphasis on the use of independent farming techniques with minimum or no impact on climate is propelling the market. Moreover, the growing issues regarding the availability of space for farming are augmenting the market.

However, the set-up of vertical farms requires large capital investments, which in turn is hindering the growth of the market. Moreover, the concept is still at its nascent stage and therefore, there is a limitation with the variety of crops that can be grown.

Global Vertical Farming Market: Region-wise Outlook

The key regions meticulously studied in the research report are Asia Pacific, Europe, Asia Pacific, and Rest of the World. Asia Pacific will be a prominent market throughout the forecast period. The increasing infertility of agricultural lands and rapidly growing population are encouraging vertical farming in this region. Moreover, the rising awareness regarding the alternative methods of farming is benefitting the growth of the region.

China and Japan will be among the major contributors to the growth of the Asia Pacific. The government of China is allocating large funds for the development of vertical farming systems in order to feed its urban population. The rapid technological advancements in Japan are escalating the growth of the market in the region.

Europe will be one of the key destinations for players in the global vertical farming market. The growth of this region is primarily driven by the favorable initiatives taken by the EEA to develop vertical farms to issues related to climatic changes. In addition, the EEA is acknowledging these farms to feed the increasing population and at the same time ensure quality and quantity of produce.

Global Vertical Farming Market: Competitive Landscape

Several players in the global vertical farming market are focusing on business expansion through technological innovations. They are pouring sizeable funds into research activities to ensure high precision and productivity in order to stay ahead of their contemporaries. Companies are adopting strategies such as partnerships to consolidate their presence in the market. Some of the key players in the global vertical farming market are Deere & Company, FarmedHere, Aerofarms, Illumitex Inc., Koninklijke Philips N.V., Sky Greens, and CNH Industrial NV.

Vertical Farming Market | Covering Latest Trends & Recent Developments : 2027

In a recent market intelligence report bearing the titled “Vertical Farming Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025”, the said market has been dissected with each and every facet of and growth prospect of the market has been studied in detail. A detailed snapshot of the said market with the analysis of porter’s five forces has been included in an effort to make an offering of a concise and clear landscape of the market participants to the readers. The report investigates on and assesses the crucial market trends that are used to make a forecast of the revenue that is to be achieved by the said market in the years to come. For each of the different categories of segmentations, the market intelligence report has made an offering of an almost accurate estimation of growth of the market and other significant data and figures. All these could help the industry players to gain a strong ground in the market and ensure substantial growth in the years to come.

The report has been divided on the basis of various significant parameters in a bid to give the readers an all-inclusive view of the vertical farming market and also highlighted the market variations that define the world market for vertical farming.

The said market can be categorized by crop type, model, structure, and by geography.

Vertical Farming Market: Trends and Opportunities

There are multiple benefits of this new-age farming technique, comprising flexibility of space that is required to start farming, requisition of quite less space for farming, and only fairly high cost is incurred in the installation of various associated systems and ease of maintenance are working in favor of the said market. In addition to that, more yield of crop per unit of land, soil-less and highly controlled nature of the farming, and cost effective production are also working in favor of the said market. This technique of farming can ensure a supply of organic products throughout the year and the products are entirely free of contaminants and fertilizers.

Vertical Farming Market: Regional Outlook

Readers are being expected to explore the possible opportunities that prevail in different regions of the said market with the help of the geographical analysis that has been provided in the publication. Each region has been carefully researched by the analysts.

The report makes an examination of the international market for vertical farming across various regions such as Latin America, Asia Pacific, Europe, Middle East and Africa, and North America. Of all of these, the markets in these regions such as Europe and North America are experiencing rapid traction. The said market in Asia Pacific is also forecasted to present promising growth opportunities to the international market for vertical farming.

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Companies Mentioned in the Report

A few of the prominent companies which are operating in the world market for vertical farming market are Sky Greens, Illumitex, Inc., Green Sense Farms LLC, Koninklijke Philips N.V., BrightFarms, AeroFarms, Urban Crops, Neofarms, and Everlight Electronics Co., Ltd.

Global Vertical Farming Market Driven by Mounting Need for Food

San Francisco, California, May 23, 2017: TMR Research announces a new report on the global vertical farming market. The historical growth patterns exhibited by the global vertical farming market are studied extensively in the report in order to gain a clear idea of the key factors affecting the market’s growth trajectory. The latest figures of the global vertical farming market are elaborated upon in great detail in the report, and reliable predictions are made regarding the market’s probable future development. The report is titled ‘Vertical Farming Market – Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 – 2025.’

One of the key drivers for the global vertical farming market is the rising global population and the consequent scarcity of food. While the human population has risen at an alarming rate in the last few centuries, this has stretched the earth’s carrying capacity to its limits. As a result, unconventional ways of practicing agriculture are becoming popular across the world. Vertical farming has quickly become one of the most popular methods among these, as it presents significant benefits regarding costs and convenience. The rising scarcity of water and other agricultural commodities has also driven the demand from the global vertical farming market.

The rising awareness among urban users about environmental problems and their willingness to counteract them has led to the global vertical farming market gaining rising demand from urban centers. The demand for organic food is also high in urban centers, which has resulted in many urban consumers practicing organic agriculture in their residences. The availability of a highly controllable environment has also made it possible to considerably reduce the use of pesticides, which has attracted government interest due to the possibility of acquiring safer food. This is a vital driver for the global vertical farming market, as the vertical farming process is still highly expensive and requires steady government support for widespread adoption.

The increasing knowledge base about agriculture has also made it easier to grow crops in unconventional settings, as most conventional conditions can be replicated through the use of technology. The steady development of devices such as grow lights and controlled-environment agriculture has thus been crucial for the global vertical farming market.

Regionally, Asia Pacific is likely to remain the leading contributor to the global vertical farming market in the coming years. China and Japan have risen to prominence in the vertical farming market in the past few years and are likely to retain significant dominance in the market in the coming years due to the rapid urban development in these regions and the steady availability of government support and advanced technology for vertical farming. The steady regulatory support to environmental conservation in Europe is also likely to keep Europe a leading vertical farming market in the coming years.

The report also profiles the leading players in the global vertical farming market in order to shed light on the competitive dynamics of the market. Key companies examined in the study include Aerofarms, Sky Greens, Deere & Company, CNH Industrial NV, and Illumitex Inc.