The global vertical farming market is projected to grow at a CAGR of 25% during 2019 to 2024. The growth of vertical farming market is driven by rising demand for high quality food, limited use of pesticides or herbicides, and increasing demand for independent farming techniques with very less/no impact of climatic conditions.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the
most promising potential, high-growth opportunities for the global vertical
farming market by component (irrigation component, lighting, sensor, climate
control, building material, and others), structure (building-based vertical
farms and shipping container vertical farms), growth mechanism (aeroponics,
hydroponics, and aquaponics), crop type (lettuce, peppers, broccoli, spinach,
cucumbers, tomatoes, strawberries, pomegranates, and others), and region (North
America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will
grow at a faster pace and why?
Q.3 What are the
business risks and threats to the vertical farming market?
Q.4 What are some
changing demands of customers in the vertical farming market?
Q.5 What are the new
developments in the vertical farming market? Which companies are leading these
developments?
Q.6 What strategic
initiatives are being implemented by key players for business growth?
Q.7 What are some of the
competitive products and processes in this vertical farming area and how big of
a threat do they pose for loss of market share via product substitution?
Q.8 What M&A
activity has occurred in the last 5 years in this vertical farming market?
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Market Segmentation:
Based on growth
mechanism, the vertical farming market is segmented into aeroponics,
hydroponics, and aquaponics. The hydroponic segment accounted for the largest
share of the market in 2020 and is expected to register the highest CAGR during
the forecast period.
Asia Pacific will remain
the largest market over the forecast period.
Key Players in the
vertical farming market are Koninklijke Philips, Aerofarms, Sky Greens,
Illumitex, Everlight Electronics, Green Sense Farms, LLC, Agrilution, American Hydroponics,
Urban Crops, and Vertical Farm Systems.
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https://www.lucintel.com/vertical-farming-market.aspx
The report helps stakeholders understand the
pulse of the market and provides them with information on key drivers,
restraints, challenges, and opportunities for market growth. It would also help
to understand the competitors better and gain more insights to improve their
position in the business.
To read more about this market please click on
https://www.lucintel.com/vertical-farming-market.aspx
About
Lucintel
Lucintel,
the premier global management consulting and market research firm, creates
winning strategies for growth. It offers market assessments, competitive
analysis, opportunity
analysis, growth
consulting, M&A, and due diligence services to executives and
key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Brandon
Fitzgerald
Lucintel
Dallas,
Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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