Market Highlights: Vertical farming is the farming in which crops growing in vertical stacked layers. In vertical farming by use of small land area utilized more production. It is a non traditional method of crop cultivation. Vertical farming enables easy harvesting, high yield, and a negligible effect of climate, minimum pesticides use, less area requirement and less water consumption. One hector of vertical farming equal to nine hector of outdoor farming. This are the factors that expected to increase the growth of vertical farming market in forecast period. The market study is being classified and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Key Players: The prominent players in the Vertical Farming Technology- are Signify (Netherlands), Osram (Germany), Freight Farms (United States), AeroFarms (United States), Sky Greens (Singapore), Spread (Japan), Plenty (United States), Valoya (Finland) and Everlight Electronics (Taiwan).
Major Market Development Highlights In August 2021, Cargill Partnered with the vertical farming Company AeroFarms to improve cocoa bean yields and develop more climate-resilient farming practices. These two organizations will experiment with different indoor growing technologies, including aeroponics and hydroponics.
Key Questions Answered in the Report What will the Vertical Farming Technology- Market size and the growth rate be in Future? What are the key factors driving the Vertical Farming Technology- Market? What are the key market trends and macro-economic impacting the growth of the Vertical Farming Technology- Market? What are the challenges to market growth? Who are the key vendors in the Vertical Farming Technology- Market? What are the market opportunities and threats faced by the vendors in the Vertical Farming Technology- Market? Trending factors influencing the market shares of the Vendors. What are the key outcomes of the five forces analysis of the Vertical Farming Technology- Market?
Research Methodology: The top-down and bottom-up approaches are used to estimate and validate the size of the Global Vertical Farming Technology- market. In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Vertical Farming Technology- market. In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc. Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Government Regulatory, Research Organizations, New Entrants/Investors, Analysts and Strategic Business Planners and Venture Capitalists and Private Equity Firms. This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth etc. Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.