Industry Background:
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.This growth is primarily driven by Rising focus toward increasing the yield of crop and Rising adoption due to no chemicals used.
Globally, a noticeable market trend is evident Emerging trend of Organic Farming
. Major Vendors, such as 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) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
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.
Market Drivers
- Rising focus toward increasing the yield of crop
- Rising adoption due to no chemicals used
Market Trend
- Emerging trend of Organic Farming
- More yield of crop by using less land
Restraints
- Required more technical solutions
Opportunities
Due to Infrastructure development less land available this is the opportunity for Vertical Farming
Challenges
Lack of Skilled workforce
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Vertical Farming Technology- Study Sheds Light on
The Vertical Farming Technology- Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Vertical Farming Technology- industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Vertical Farming Technology- industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.