Global Vertical Farming Market Development and Forecast Report 2021 | Emergen Re

Posted by Elizabeth Sanchez on January 5th, 2021

 The Global Vertical Farming Market report, compiled by Emergen Research, is a wide-ranging assessment of the global market size, share, and revenue generation during the historical years (2017-2020), which helps the analysts accurately forecast the same for the estimated period of (2021-2027). The report comprehensively studies the existing competitive scenario of the market, with prime focus on the leading market competitors and their business expansion strategies. The market intelligence report offers a complete overview of the market, along with an in-depth summary of the company profiles of the key market players. In the concluding part of the report, our team of analysts has included significant data and information, offering accurate insights into the global Vertical Farming market growth on both regional and global levels.

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Key Highlights from the Report:

• Shipper container-based vertical farms occupied a massive share of the industry amounting to 63.5% attributable to the lack of arable lands. Additionally, the convenient transportation and requirement of less land for installing a shipping container is forecast to strengthen the growth curve.
• Hydroponics segment is anticipated to record a CAGR of 20.2% during the forecast timeline attributable to the low costs associated with operation and installation. 
• Lighting segment occupied a substantial market share owing to the vital roles lights play in the growth of plants. The LED lighting technology is extensively being applied by horticulture farmers accredited to the LED lights’ augmented efficiency and longer shelf life.
• The Asia Pacific commanded the industry growth and is forecast to retain its position due to the augmenting demand for food accredited to rapidly accelerating populace. The lack of arable lands in the congested countries is also boosting the adoption of vertical farming.
• Freight Farms, BrightFarms, Osram, SKY GREENS, Aerofarms, HELIOSPECTRA AB, Illumitex, Inc., Signify, AGRICOOL, and Everlight Electronics, among others, are some of the major market players.

Furthermore, the report studies the market in terms of the global market reach and consumer bases in the key geographical regions. It provides a holistic overview of the key market players, emphasizing their market size, market share, sales volume, production and consumption rate, expansion strategies, and overall competitive scenario.

To know more about the report, visit @ https://www.emergenresearch.com/industry-report/vertical-farming-market

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