Global vertical farming market is expected to register a healthy CAGR of 23.5% in the forecast period of 2019 to 2026. The new market report contains data for the historic year 2017, the base year of calculation is 2018 and the forecast period is 2019 to 2026.
Market Segmentation
By Growth Mechanism (Aeroponics, Hydroponics, Aquaponics), Structure (Building-Based, Shipping Container), Type (Biopesticides, Biostimulants, Biofertilizers), Application (Indoor, Outdoor), Crop Type (Leafy Green, Pollinated Plants, Nutraceutical Plants), Component (Lighting, Hydroponic Component, Climate Control, Sensors), Geography (Asia-Pacific, North America, Europe, South America, Middle East and Africa).
Some of the major factors contributing to the growth of the global vertical farming market are:
? Rising urbanization
? Increasing demand for energy efficient appliances
? Continuous investment on research and development activities for increasing the functioning of the vertical farming
? Rising development of commercial apartment in the developed countries
Key Market Players
The key market players of global vertical farming market are:
? AeroFarms
? Gills N Claws Pte Ltd
? Illumitex Inc.
? MOFLO aeroponics
? Sky Greens
? SPREAD Co., Ltd.
? Triton Foodworks
? ZipGrow Inc.
? Urban Crop Solutions
? AmHydro
? EVERLIGHT ELECTRONICS CO., LTD.
? Agrinamics.
? CropOne
? PLENTY UNLIMITED INC
? OSRAM GmbH
? Valoya
? Signify Holding
? HELIOSPECTRA AB
? Altius Farms
? CubicFarm Systems Inc.
? Agrilution
? Green Sense Farms Holdings, Inc.
? Bowery Farming, Inc
? Infarm