Vertical Farming Crops Market
PUBLISHED: 2021 ID: SMRC20826
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Vertical Farming Crops Market

Vertical Farming Crops Market Forecasts to 2028 – Global Analysis By Farming Technique (Aeroponics, Aquaponics, Hydroponics), Crop Type (Herbs, Tomato, Leafy Greens Crops), End User (Food Service, Direct Retail) and By Geography

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5.0 (38 reviews)
Published: 2021 ID: SMRC20826

This report covers the impact of COVID-19 on this global market
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According to Stratistics MRC, the Global Vertical Farming Crops Market is accounted for $268.05 million in 2020 and is expected to reach $1,517.70 million by 2028 growing at a CAGR of 24.2% during the forecast period. Rising demand for pesticide-free food products, change in consuming spending behavior and limited availability of arable land for conventional agriculture are driving the market growth. However, high investment cost and lack of skilled workforce are hampering the growth of the market.

Vertical farming is a type of agriculture practiced in indoor wherein the plants are produced in vertical layers. Some of the plants grown through vertical farming include vining plants, leafy greens, herbs, and specialty produce.  

Based on the crop type, the leafy green crop segment is going to have lucrative growth during the forecast period as these crops have the highest harvestable yield in vertical farming and can be produced within a shorter span of time and are hence economically viable.

By geography, Asia Pacific is going to have high growth during the forecast period due to the increasing ability to grow locally for sustainable food production in countries such as Thailand, Singapore, India among others are top fresh produce importing countries. Moreover, Asian governments have been promoting crop cultivation through urban farming by providing subsidies and national policy initiatives.

Some of the key players profiled in the Vertical Farming Crops Market include AeroFarms, Bowery Farming, InFarm, Gotham Greens, AgriCool, Green Spirits Farm, CropOne, PlantLab and Spread Co.

Farming Techniques Covered:
• Aeroponics
• Aquaponics
• Hydroponics

Crop Types Covered:
• Herbs
• Tomato
• Leafy Greens Crops   

End Users Covered:
• Food Service
• Direct Retail  

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary  
   
2 Preface  

 2.1 Abstract 
 2.2 Stake Holders 
 2.3 Research Scope 
 2.4 Research Methodology 
  2.4.1 Data Mining
  2.4.2 Data Analysis
  2.4.3 Data Validation
  2.4.4 Research Approach
 2.5 Research Sources 
  2.5.1 Primary Research Sources
  2.5.2 Secondary Research Sources
  2.5.3 Assumptions
   
3 Market Trend Analysis  
 3.1 Introduction 
 3.2 Drivers 
 3.3 Restraints 
 3.4 Opportunities 
 3.5 Threats 
 3.6 End User Analysis 
 3.7 Emerging Markets 
 3.8 Impact of Covid-19 
   
4 Porters Five Force Analysis  
 4.1 Bargaining power of suppliers 
 4.2 Bargaining power of buyers 
 4.3 Threat of substitutes 
 4.4 Threat of new entrants 
 4.5 Competitive rivalry 
   
5 Global Vertical Farming Crops Market, By Farming Technique  
 5.1 Introduction 
 5.2 Aeroponics 
 5.3 Aquaponics 
 5.4 Hydroponics 
   
6 Global Vertical Farming Crops Market, By Crop Type  
 6.1 Introduction 
 6.2 Herbs 
 6.3 Tomato 
 6.4 Leafy Greens Crops 
   
7 Global Vertical Farming Crops Market, By End User  

 7.1 Introduction 
 7.2 Food Service 
 7.3 Direct Retail 
   
8 Global Vertical Farming Crops Market, By Geography  
 8.1 Introduction 
 8.2 North America 
  8.2.1 US
  8.2.2 Canada
  8.2.3 Mexico
 8.3 Europe 
  8.3.1 Germany
  8.3.2 UK
  8.3.3 Italy
  8.3.4 France
  8.3.5 Spain
  8.3.6 Rest of Europe
 8.4 Asia Pacific 
  8.4.1 Japan
  8.4.2 China
  8.4.3 India
  8.4.4 Australia
  8.4.5 New Zealand
  8.4.6 South Korea
  8.4.7 Rest of Asia Pacific
 8.5 South America 
  8.5.1 Argentina
  8.5.2 Brazil
  8.5.3 Chile
  8.5.4 Rest of South America
 8.6 Middle East & Africa 
  8.6.1 Saudi Arabia
  8.6.2 UAE
  8.6.3 Qatar
  8.6.4 South Africa
  8.6.5 Rest of Middle East & Africa
   
9 Key Developments  
 9.1 Agreements, Partnerships, Collaborations and Joint Ventures 
 9.2 Acquisitions & Mergers 
 9.3 New Product Launch 
 9.4 Expansions 
 9.5 Other Key Strategies 
   
10 Company Profiling  
 10.1 AeroFarms 
 10.2 Bowery Farming 
 10.3 InFarm 
 10.4 Gotham Greens 
 10.5 AgriCool 
 10.6 Green Spirits Farm 
 10.7 CropOne 
 10.8 PlantLab 
 10.9 Spread Co. 


List of Tables   
1 Global Vertical Farming Crops Market Outlook, By Region (2019-2028) ($MN)  
2 Global Vertical Farming Crops Market Outlook, By Farming Technique (2019-2028) ($MN)  
3 Global Vertical Farming Crops Market Outlook, By Aeroponics (2019-2028) ($MN)  
4 Global Vertical Farming Crops Market Outlook, By Aquaponics (2019-2028) ($MN)  
5 Global Vertical Farming Crops Market Outlook, By Hydroponics (2019-2028) ($MN)  
6 Global Vertical Farming Crops Market Outlook, By Crop Type (2019-2028) ($MN)  
7 Global Vertical Farming Crops Market Outlook, By Herbs (2019-2028) ($MN)  
8 Global Vertical Farming Crops Market Outlook, By Tomato (2019-2028) ($MN)  
9 Global Vertical Farming Crops Market Outlook, By Leafy Greens Crops (2019-2028) ($MN)  
10 Global Vertical Farming Crops Market Outlook, By End User (2019-2028) ($MN)  
11 Global Vertical Farming Crops Market Outlook, By Food Service (2019-2028) ($MN)  
12 Global Vertical Farming Crops Market Outlook, By Direct Retail (2019-2028) ($MN)  
13 North America Vertical Farming Crops Market Outlook, By Country (2019-2028) ($MN)  
14 North America Vertical Farming Crops Market Outlook, By Farming Technique (2019-2028) ($MN)  
15 North America Vertical Farming Crops Market Outlook, By Aeroponics (2019-2028) ($MN)  
16 North America Vertical Farming Crops Market Outlook, By Aquaponics (2019-2028) ($MN)  
17 North America Vertical Farming Crops Market Outlook, By Hydroponics (2019-2028) ($MN)  
18 North America Vertical Farming Crops Market Outlook, By Crop Type (2019-2028) ($MN)   
19 North America Vertical Farming Crops Market Outlook, By Herbs (2019-2028) ($MN)  
20 North America Vertical Farming Crops Market Outlook, By Tomato (2019-2028) ($MN)  
21 North America Vertical Farming Crops Market Outlook, By Leafy Greens Crops (2019-2028) ($MN)  
22 North America Vertical Farming Crops Market Outlook, By End User (2019-2028) ($MN)  
23 North America Vertical Farming Crops Market Outlook, By Food Service (2019-2028) ($MN)  
24 North America Vertical Farming Crops Market Outlook, By Direct Retail (2019-2028) ($MN)  
25 Europe Vertical Farming Crops Market Outlook, By Country (2019-2028) ($MN)  
26 Europe Vertical Farming Crops Market Outlook, By Farming Technique (2019-2028) ($MN)  
27 Europe Vertical Farming Crops Market Outlook, By Aeroponics (2019-2028) ($MN)  
28 Europe Vertical Farming Crops Market Outlook, By Aquaponics (2019-2028) ($MN)  
29 Europe Vertical Farming Crops Market Outlook, By Hydroponics (2019-2028) ($MN)  
30 Europe Vertical Farming Crops Market Outlook, By Crop Type (2019-2028) ($MN)  
31 Europe Vertical Farming Crops Market Outlook, By Herbs (2019-2028) ($MN)  
32 Europe Vertical Farming Crops Market Outlook, By Tomato (2019-2028) ($MN)  
33 Europe Vertical Farming Crops Market Outlook, By Leafy Greens Crops (2019-2028) ($MN)  
34 Europe Vertical Farming Crops Market Outlook, By End User (2019-2028) ($MN)  
35 Europe Vertical Farming Crops Market Outlook, By Food Service (2019-2028) ($MN)  
36 Europe Vertical Farming Crops Market Outlook, By Direct Retail (2019-2028) ($MN)  
37 Asia Pacific Vertical Farming Crops Market Outlook, By Country (2019-2028) ($MN)  
38 Asia Pacific Vertical Farming Crops Market Outlook, By Farming Technique (2019-2028) ($MN)  
39 Asia Pacific Vertical Farming Crops Market Outlook, By Aeroponics (2019-2028) ($MN)  
40 Asia Pacific Vertical Farming Crops Market Outlook, By Aquaponics (2019-2028) ($MN)  
41 Asia Pacific Vertical Farming Crops Market Outlook, By Hydroponics (2019-2028) ($MN)  
42 Asia Pacific Vertical Farming Crops Market Outlook, By Crop Type (2019-2028) ($MN)  
43 Asia Pacific Vertical Farming Crops Market Outlook, By Herbs (2019-2028) ($MN)  
44 Asia Pacific Vertical Farming Crops Market Outlook, By Tomato (2019-2028) ($MN)  
45 Asia Pacific Vertical Farming Crops Market Outlook, By Leafy Greens Crops (2019-2028) ($MN)  
46 Asia Pacific Vertical Farming Crops Market Outlook, By End User (2019-2028) ($MN)  
47 Asia Pacific Vertical Farming Crops Market Outlook, By Food Service (2019-2028) ($MN)  
48 Asia Pacific Vertical Farming Crops Market Outlook, By Direct Retail (2019-2028) ($MN)  
49 South America Vertical Farming Crops Market Outlook, By Country (2019-2028) ($MN)  
50 South America Vertical Farming Crops Market Outlook, By Farming Technique (2019-2028) ($MN)  
51 South America Vertical Farming Crops Market Outlook, By Aeroponics (2019-2028) ($MN)  
52 South America Vertical Farming Crops Market Outlook, By Aquaponics (2019-2028) ($MN)  
53 South America Vertical Farming Crops Market Outlook, By Hydroponics (2019-2028) ($MN)  
54 South America Vertical Farming Crops Market Outlook, By Crop Type (2019-2028) ($MN)  
55 South America Vertical Farming Crops Market Outlook, By Herbs (2019-2028) ($MN)  
56 South America Vertical Farming Crops Market Outlook, By Tomato (2019-2028) ($MN)  
57 South America Vertical Farming Crops Market Outlook, By Leafy Greens Crops (2019-2028) ($MN)  
58 South America Vertical Farming Crops Market Outlook, By End User (2019-2028) ($MN)  
59 South America Vertical Farming Crops Market Outlook, By Food Service (2019-2028) ($MN)  
60 South America Vertical Farming Crops Market Outlook, By Direct Retail (2019-2028) ($MN)  
61 Middle East & Africa Vertical Farming Crops Market Outlook, By Country (2019-2028) ($MN)  
62 Middle East & Africa Vertical Farming Crops Market Outlook, By Farming Technique (2019-2028) ($MN)  
63 Middle East & Africa Vertical Farming Crops Market Outlook, By Aeroponics (2019-2028) ($MN)  
64 Middle East & Africa Vertical Farming Crops Market Outlook, By Aquaponics (2019-2028) ($MN)  
65 Middle East & Africa Vertical Farming Crops Market Outlook, By Hydroponics (2019-2028) ($MN)  
66 Middle East & Africa Vertical Farming Crops Market Outlook, By Crop Type (2019-2028) ($MN)  
67 Middle East & Africa Vertical Farming Crops Market Outlook, By Herbs (2019-2028) ($MN)  
68 Middle East & Africa Vertical Farming Crops Market Outlook, By Tomato (2019-2028) ($MN)  
69 Middle East & Africa Vertical Farming Crops Market Outlook, By Leafy Greens Crops (2019-2028) ($MN)  
70 Middle East & Africa Vertical Farming Crops Market Outlook, By End User (2019-2028) ($MN)  
71 Middle East & Africa Vertical Farming Crops Market Outlook, By Food Service (2019-2028) ($MN)  
72 Middle East & Africa Vertical Farming Crops Market Outlook, By Direct Retail (2019-2028) ($MN)

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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