Sep 25, 2019 (Reporthive Research via COMTEX) — The Vertical Farming Market report covers the data which is helpful for key players, software scope, market overview, market opportunities, market risk, market driving force, technological advancement, distributors, traders, dealers, research findings. Vertical Farming Market reports also offer important insights which help the industry experts, product managers, CEOs, and business executives to draft their policies on various parameters including expansion, acquisition, and new product launch as well as analyzing and understanding the market trends.
The demand for vertical farming industry is expected to increase rapidly during the forecast period, owing to rise in popularity of organic food. Furthermore, the vertically stacked structure of these farms reduces the demand for additional construction activity and land. Moreover, it reduces the intervention of machines required during conventional farming. Thus, optimum use of vertical space and balanced energy utilization contribute toward the vertical farming market growth. In addition, these facilities involve multiple technologies for growth of plants artificially. The technologies used in this farming enables to keep track of plants growth and harvesting, which further drives the market growth.
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However, high initial investment is required for setting the indoor vertical structure and setting up the lighting and irrigation systems. Also, the technologies involved in vertical farming are nascent, which is expected to have negative impact on market growth. Nonetheless, rise in urban population and surge in adoption of technology driven agriculture are expected to provide lucrative growth opportunities to the vertical farming market players.
Top Players In Global Market:
AeroFarm
Gotham Greens
Illumitex
Infinite Harvest
Koninklijke Philips
Vertical farming is a revolutionary approach used to produce food and medicinal plants 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. Moreover, it ensures reliable yield and consistency in crop production round the year along with climate control, and no effects of external environment factors such as diseases, pests, or predator attacks.
The significant impacting factors in the vertical farming market include increase in optimum use of vertical space and balanced energy utilization, ease of crop monitoring and harvesting, limited arable land for traditional agriculture, and increase in popularity of organic foods. However, high initial investments and developmental phase of technologies used in vertical farming pose a major threat, thus hampering the market growth globally. Conversely, surge in adoption of technology driven agriculture and growth in urban population are projected to offer remunerative opportunities to the market. Each of these factors is anticipated to have a definite impact on the vertical farming market during the forecast period.
Market Segment by Applications, can be divided into
Lighting
Climate Control
Market Segment by Type, covers
Shipping Container
Building-based
Highlights the following key factors:
1) Business description-A detailed description of the company's operations and business divisions.
2) Corporate strategy -Analyst's summarization of the company's business strategy.
3) SWOT Analysis -A detailed analysis of the company's strengths, weakness, opportunities, and threats.
4) Company history – Progression of key events associated with the company.
5) Major products and services-A list of major products, services, and brands of the company.
6) Key competitors – A list of key competitors to the company.
7) Important locations and subsidiaries – A list and contact details of key locations and subsidiaries of the company.
8) Detailed financial ratios for the past five years – The latest financial ratios derived from the annual financial statements published by the company with 5 years history.
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Table of Contents
Report Overview: The report overview includes studying the market scope, leading players, market segments and sub-segments, market analysis by type, application, geography, and the remaining chapters that shed light on the overview of the market.
Executive summary: The report summarizes about Vertical Farming market trends and shares, market size analysis by region and countries. Under market size analysis by region, analysis of market share and growth rate by region is provided.
Profiles of International Players: This section also profiles some of the major players functioning in the Global Vertical Farming Market, on the basis of various factors such as the company overview, revenue, product offering (s), key development (s), business strategies, Porter's five forces analysis, and SWOT analysis.
Regional Study: The regions and countries mentioned in this research study has been studied based on the market size by application, product, key players, and market forecast.
Key Players: This section of the Vertical Farming Market report explains about the expansion plans of the leading players, investment analysis, funding, company establishment dates, revenues of manufacturers, and the regions served.
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