Vertical Farming Market
PUBLISHED: 2023 ID: SMRC22699
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Vertical Farming Market

Vertical Farming Market Forecasts to 2028 - Global Analysis By Crop Type (Microgreens, Lettuce and Leafy Vegetables, Tomato and Other Crop Types), Growth mechanism (Aquaponics, Hydroponics and Aeroponics), Structure (Shipping Container-based Vertical Farms and Building-based Vertical Farms), Component and By Geography

4.6 (48 reviews)
4.6 (48 reviews)
Published: 2023 ID: SMRC22699

This report covers the impact of COVID-19 on this global market
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Years Covered

2020-2028

Estimated Year Value (2022)

US $4.16 BN

Projected Year Value (2028)

US $18.21 BN

CAGR (2022 - 2028)

27.9%

Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

North America

Highest Growing Market

Asia Pacific


According to Stratistics MRC, the Global Vertical Farming Market is accounted for $4.16 billion in 2022 and is expected to reach $18.21 billion by 2028 growing at a CAGR of 27.9% during the forecast period. Vertical farming is the practise of stacking farms vertically. This has allowed tiny plots of land to be used for more output. It is an unconventional crop cultivation approach that allows for easy harvesting, a minor effect of climate, high yield, less pesticide use, less land required, and less water consumption. For example, one hectare of vertical farming is equivalent to nine hectares of regular outdoor farming and saves roughly 200 tonnes of water each day. This agricultural method decreases the difficulty of obtaining arable land.

According to the USDA report area of land on farms has been decreasing year by year, in 2017 the area was reported to be 364.36 million hectares and in 2021 it dropped to 362.31 million hectares.



Market Dynamics:

Driver:

Year-round crop production irrespective of weather conditions

The benefit of vertical farming is that it is not weather dependent; this means that vertical farming may produce crops all year long without worrying about the influence of unfavorable weather conditions on yield quality and profile. Farming in a protected, well-monitored, and regulated setting ensures high-quality food and provides growers with repeatable, programmable output. Furthermore, vertical farming successfully reduces harvest times and increases production while maintaining 100% consistency in produce quality and flavor. This helps the growers to confidently commit to the delivery schedules and offtake agreements demanded by their customers.

Restraint:

High cost of initial investment

Space, light, water, carbon dioxide, and land are all readily available in conventional farming. Yet, for vertical farms, all of these variables imply a high supply cost. Indoor farms make use of artificial lighting. The cost of air cooling and heating to keep the temperature stable, as well as precise monitoring and other relevant software, is included. Similarly, appropriate structures must be built to deliver nutrients and create a platform for crop growth. As a result, vertical farm upkeep and resource supply are highly expensive.

Opportunity:

Cannabis cultivation through vertical farming

As the demand for cannabis grows rapidly, the supply side has begun to build operations in various forms to meet the need. There has been a massive blooming in cannabis vertical farms and cannabis distributors, which is helping to meet demand. Growing cannabis on a vertical farm might be a costly operation in the current production scenario. Several aspects must be considered when growing cannabis in a sunless medium. For example, the heat released by high-pressure sodium lamps (HPS) might harm produce. As a result, LEDs, which operate at significantly lower temperatures, may provide a solution to the excessive heat emitted.

Threat:

Vertical farming on a large scale

Plants require natural resources such as light, space, CO2, and water for growth. Nevertheless, in vertical farming, all of these necessities must be supplied externally at a cost, such as all buildings must be lighted with electric lights to grow the plants. Yet, the cost of power is so high that earning a profit between the electricity price and the building bill is unfeasible. Furthermore, no matter how large the facility is, the energy spent per plant remains the same, requiring a well-equipped system. A management and maintenance crew is also necessary to oversee large-scale operations, which could damage cultivators' profitability, making it difficult for them to run vertical farms on a large scale.

Covid-19 Impact

The COVID-19 epidemic has slowed the global economy and harmed several industries, including food and agriculture. The agriculture industry was severely disrupted as a result of supply chain disruption, food shortages, and the suspension of import and export between nations. The COVID-19 epidemic has highlighted the necessity of local food and urban farming, such as vertical and indoor farms. The COVID-19 epidemic impacted the urban food system, retail, and distribution because to the high population density. Yet, the COVID-19 pandemic has heightened the need for safe and nutritious meals. Vertical farms will gain traction as a result of increasing demand for organically cultivated goods during the pandemic.

The hydroponics segment is expected to be the largest during the forecast period

The hydroponics segment is estimated to have a lucrative growth, due to simple installation and cost-effective vertical farm setup. Mineral nutrients dissolved in water are given directly to the plant's roots in a hydroponics system, causing the plant to grow largely upward, promoting faster growth, faster harvest, and higher yield. Hydroponics systems are used both indoors and outdoors to grow herbs, foliage, and food items all year long by employing an inert growth medium to attach the plant's roots. Additionally, nutrition levels can be completely managed, leading in cheaper nutrition expenditures and steady and high yields.

The shipping container-based vertical farms segment is expected to have the highest CAGR during the forecast period

The shipping container-based vertical farms segment is anticipated to witness the fastest CAGR growth during the forecast period, this expansion is ascribed to the structure's ability to assist produce crops regardless of geographic location. One of the key advantages of container-based farming is that it is easy to transport, and it does not require a large plot of land or a specialised structure to begin producing. Furthermore, as competition increases, the price of shipping containers falls since the cost of acquiring old containers is relatively low, allowing other enterprises to enter the market. Yet, some of the disadvantages of this type of agriculture are low comparative productivity and antagonism between light, heat, and layout.

Region with highest share:

North America is projected to hold the largest market share during the forecast period owing to the presence of many vertical farms across the U.S. and the adoption of robotics and automation technologies across the farms. Rising demand for organic, fresh, and high-quality food drives market growth in the United States and Canada. Furthermore, the use of Cannabis is legal in some places in the United States and Canada. Vertical farms are suitable for growing cannabis, which is projected to drive the vertical farming market expansion. For example, in January 2019, Thrive Agritech, Inc. supplied 1,900 LED grow lights to Choice Labs, a marijuana producer in Michigan. The lights help to increase plant quality while lowering operational costs.

Region with highest CAGR:

Asia Pacific is projected to have the highest CAGR over the forecast period. The loss of fertile land for agriculture in countries such as China, India, and several Asian countries is expected to increase demand for this novel agricultural approach. Water scarcity and rising food demand in India, China, and Japan are projected to open up new business opportunities across the region. Farmers in Asia have faced years of drought, lack of rain, climate change, insufficient irrigation systems, financial issues, crop failure, greater reliance on chemical fertilisers, and limited crop variety. This is projected to increase the demand for innovative farming techniques in the coming years.



Key players in the market

Some of the key players profiled in the Vertical Farming Market include Agrilution GmbH, Green Sense Farms, LLC, Illumitex, Inc., AeroFarms, Vertical Farm Systems, Freight Farms, GrowUp Urban Farms Ltd., Brightfarms Inc., American Hydroponics, Everlight Electronics Co., Ltd., SkyGreens Pte Ltd, Jones Food Company and SweGreen

Key Developments:

In October 2022, AeroFarms have decided to expand nationwide from the Northeast region to all whole food markets, especially after seeing increasing demand for their specialty green. AeroFarms will be the first indoor farming company to be part of the Whole Foods Market Global Planogram.

In October 2020, BrightFarms secured USD 100 million to expand its indoor farming. The funding round was led by Cox Enterprises. The company aims to leverage this funding amount to invest in its existing and retail farms. Further, the company aims to expand its presence across the U.S.

In February 2020, Illumitex Inc. launched an AI platform based on computer vision technology to improve FarmVisionAI. The platform provides augmented artificial intelligence and visualization to monitor and control the farming environment.

Crop Types Covered:
• Microgreens
• Lettuce and Leafy Vegetables
• Tomato
• Berries
• Fruits Vegetables, & Herbs
• Cucumber
• Pepper
• Other Crop Types

Growth mechanisms Covered:
• Aquaponics
• Hydroponics
• Aeroponics

Structures Covered:
• Shipping Container-based Vertical Farms
• Building-based Vertical Farms

End Users Covered:
• Building Material
• Irrigation Component
• Climate Control
• Lighting
• Sensor
• Other Components

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 2020, 2021, 2022, 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 Emerging Markets
3.7 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 Market, By Crop Type
5.1 Introduction
5.2 Microgreens
5.3 Lettuce and Leafy Vegetables
5.4 Tomato
5.5 Berries
5.6 Fruits Vegetables, & Herbs
5.7 Cucumber
5.8 Pepper
5.9 Other Crop Types

6 Global Vertical Farming Market, By Growth Mechanism
6.1 Introduction
6.2 Aquaponics
6.3 Hydroponics
6.4 Aeroponics

7 Global Vertical Farming Market, By Structure
7.1 Introduction
7.2 Shipping Container-based Vertical Farms
7.3 Building-based Vertical Farms

8 Global Vertical Farming Market, By Component
8.1 Introduction
8.2 Building Material
8.2.1 Plastic greenhouse
8.2.2 Glass greenhouse
8.3 Irrigation Component
8.4 Climate Control
8.5 Lighting
8.6 Sensor
8.7 Other Components

9 Global Vertical Farming Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa

10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies

11 Company Profiling
11.1 Agrilution GmbH
11.2 Green Sense Farms, LLC
11.3 Illumitex, Inc.
11.4 AeroFarms
11.5 Vertical Farm Systems
11.6 Freight Farms
11.7 GrowUp Urban Farms Ltd.
11.8 Brightfarms Inc.
11.9 American Hydroponics
11.10 Everlight Electronics Co., Ltd.
11.11 SkyGreens Pte Ltd
11.12 Jones Food Company
11.13 SweGreen

List of Tables
1 Global Vertical Farming Market Outlook, By Region (2020-2028) ($MN)
2 Global Vertical Farming Market Outlook, By Crop Type (2020-2028) ($MN)
3 Global Vertical Farming Market Outlook, By Microgreens (2020-2028) ($MN)
4 Global Vertical Farming Market Outlook, By Lettuce and Leafy Vegetables (2020-2028) ($MN)
5 Global Vertical Farming Market Outlook, By Tomato (2020-2028) ($MN)
6 Global Vertical Farming Market Outlook, By Berries (2020-2028) ($MN)
7 Global Vertical Farming Market Outlook, By Fruits Vegetables, & Herbs (2020-2028) ($MN)
8 Global Vertical Farming Market Outlook, By Cucumber (2020-2028) ($MN)
9 Global Vertical Farming Market Outlook, By Pepper (2020-2028) ($MN)
10 Global Vertical Farming Market Outlook, By Other Crop Types (2020-2028) ($MN)
11 Global Vertical Farming Market Outlook, By Growth mechanism (2020-2028) ($MN)
12 Global Vertical Farming Market Outlook, By Aquaponics (2020-2028) ($MN)
13 Global Vertical Farming Market Outlook, By Hydroponics (2020-2028) ($MN)
14 Global Vertical Farming Market Outlook, By Aeroponics (2020-2028) ($MN)
15 Global Vertical Farming Market Outlook, By Structure (2020-2028) ($MN)
16 Global Vertical Farming Market Outlook, By Shipping Container-based Vertical Farms (2020-2028) ($MN)
17 Global Vertical Farming Market Outlook, By Building-based Vertical Farms (2020-2028) ($MN)
18 Global Vertical Farming Market Outlook, By Component (2020-2028) ($MN)
19 Global Vertical Farming Market Outlook, By Building Material (2020-2028) ($MN)
20 Global Vertical Farming Market Outlook, By Plastic greenhouse (2020-2028) ($MN)
21 Global Vertical Farming Market Outlook, By Glass greenhouse (2020-2028) ($MN)
22 Global Vertical Farming Market Outlook, By Irrigation Component (2020-2028) ($MN)
23 Global Vertical Farming Market Outlook, By Climate Control (2020-2028) ($MN)
24 Global Vertical Farming Market Outlook, By Lighting (2020-2028) ($MN)
25 Global Vertical Farming Market Outlook, By Sensor (2020-2028) ($MN)
26 Global Vertical Farming Market Outlook, By Other Components (2020-2028) ($MN)
27 North America Vertical Farming Market Outlook, By Country (2020-2028) ($MN)
28 North America Vertical Farming Market Outlook, By Crop Type (2020-2028) ($MN)
29 North America Vertical Farming Market Outlook, By Microgreens (2020-2028) ($MN)
30 North America Vertical Farming Market Outlook, By Lettuce and Leafy Vegetables (2020-2028) ($MN)
31 North America Vertical Farming Market Outlook, By Tomato (2020-2028) ($MN)
32 North America Vertical Farming Market Outlook, By Berries (2020-2028) ($MN)
33 North America Vertical Farming Market Outlook, By Fruits Vegetables, & Herbs (2020-2028) ($MN)
34 North America Vertical Farming Market Outlook, By Cucumber (2020-2028) ($MN)
35 North America Vertical Farming Market Outlook, By Pepper (2020-2028) ($MN)
36 North America Vertical Farming Market Outlook, By Other Crop Types (2020-2028) ($MN)
37 North America Vertical Farming Market Outlook, By Growth mechanism (2020-2028) ($MN)
38 North America Vertical Farming Market Outlook, By Aquaponics (2020-2028) ($MN)
39 North America Vertical Farming Market Outlook, By Hydroponics (2020-2028) ($MN)
40 North America Vertical Farming Market Outlook, By Aeroponics (2020-2028) ($MN)
41 North America Vertical Farming Market Outlook, By Structure (2020-2028) ($MN)
42 North America Vertical Farming Market Outlook, By Shipping Container-based Vertical Farms (2020-2028) ($MN)
43 North America Vertical Farming Market Outlook, By Building-based Vertical Farms (2020-2028) ($MN)
44 North America Vertical Farming Market Outlook, By Component (2020-2028) ($MN)
45 North America Vertical Farming Market Outlook, By Building Material (2020-2028) ($MN)
46 North America Vertical Farming Market Outlook, By Plastic greenhouse (2020-2028) ($MN)
47 North America Vertical Farming Market Outlook, By Glass greenhouse (2020-2028) ($MN)
48 North America Vertical Farming Market Outlook, By Irrigation Component (2020-2028) ($MN)
49 North America Vertical Farming Market Outlook, By Climate Control (2020-2028) ($MN)
50 North America Vertical Farming Market Outlook, By Lighting (2020-2028) ($MN)
51 North America Vertical Farming Market Outlook, By Sensor (2020-2028) ($MN)
52 North America Vertical Farming Market Outlook, By Other Components (2020-2028) ($MN)
53 Europe Vertical Farming Market Outlook, By Country (2020-2028) ($MN)
54 Europe Vertical Farming Market Outlook, By Crop Type (2020-2028) ($MN)
55 Europe Vertical Farming Market Outlook, By Microgreens (2020-2028) ($MN)
56 Europe Vertical Farming Market Outlook, By Lettuce and Leafy Vegetables (2020-2028) ($MN)
57 Europe Vertical Farming Market Outlook, By Tomato (2020-2028) ($MN)
58 Europe Vertical Farming Market Outlook, By Berries (2020-2028) ($MN)
59 Europe Vertical Farming Market Outlook, By Fruits Vegetables, & Herbs (2020-2028) ($MN)
60 Europe Vertical Farming Market Outlook, By Cucumber (2020-2028) ($MN)
61 Europe Vertical Farming Market Outlook, By Pepper (2020-2028) ($MN)
62 Europe Vertical Farming Market Outlook, By Other Crop Types (2020-2028) ($MN)
63 Europe Vertical Farming Market Outlook, By Growth mechanism (2020-2028) ($MN)
64 Europe Vertical Farming Market Outlook, By Aquaponics (2020-2028) ($MN)
65 Europe Vertical Farming Market Outlook, By Hydroponics (2020-2028) ($MN)
66 Europe Vertical Farming Market Outlook, By Aeroponics (2020-2028) ($MN)
67 Europe Vertical Farming Market Outlook, By Structure (2020-2028) ($MN)
68 Europe Vertical Farming Market Outlook, By Shipping Container-based Vertical Farms (2020-2028) ($MN)
69 Europe Vertical Farming Market Outlook, By Building-based Vertical Farms (2020-2028) ($MN)
70 Europe Vertical Farming Market Outlook, By Component (2020-2028) ($MN)
71 Europe Vertical Farming Market Outlook, By Building Material (2020-2028) ($MN)
72 Europe Vertical Farming Market Outlook, By Plastic greenhouse (2020-2028) ($MN)
73 Europe Vertical Farming Market Outlook, By Glass greenhouse (2020-2028) ($MN)
74 Europe Vertical Farming Market Outlook, By Irrigation Component (2020-2028) ($MN)
75 Europe Vertical Farming Market Outlook, By Climate Control (2020-2028) ($MN)
76 Europe Vertical Farming Market Outlook, By Lighting (2020-2028) ($MN)
77 Europe Vertical Farming Market Outlook, By Sensor (2020-2028) ($MN)
78 Europe Vertical Farming Market Outlook, By Other Components (2020-2028) ($MN)
79 Asia Pacific Vertical Farming Market Outlook, By Country (2020-2028) ($MN)
80 Asia Pacific Vertical Farming Market Outlook, By Crop Type (2020-2028) ($MN)
81 Asia Pacific Vertical Farming Market Outlook, By Microgreens (2020-2028) ($MN)
82 Asia Pacific Vertical Farming Market Outlook, By Lettuce and Leafy Vegetables (2020-2028) ($MN)
83 Asia Pacific Vertical Farming Market Outlook, By Tomato (2020-2028) ($MN)
84 Asia Pacific Vertical Farming Market Outlook, By Berries (2020-2028) ($MN)
85 Asia Pacific Vertical Farming Market Outlook, By Fruits Vegetables, & Herbs (2020-2028) ($MN)
86 Asia Pacific Vertical Farming Market Outlook, By Cucumber (2020-2028) ($MN)
87 Asia Pacific Vertical Farming Market Outlook, By Pepper (2020-2028) ($MN)
88 Asia Pacific Vertical Farming Market Outlook, By Other Crop Types (2020-2028) ($MN)
89 Asia Pacific Vertical Farming Market Outlook, By Growth mechanism (2020-2028) ($MN)
90 Asia Pacific Vertical Farming Market Outlook, By Aquaponics (2020-2028) ($MN)
91 Asia Pacific Vertical Farming Market Outlook, By Hydroponics (2020-2028) ($MN)
92 Asia Pacific Vertical Farming Market Outlook, By Aeroponics (2020-2028) ($MN)
93 Asia Pacific Vertical Farming Market Outlook, By Structure (2020-2028) ($MN)
94 Asia Pacific Vertical Farming Market Outlook, By Shipping Container-based Vertical Farms (2020-2028) ($MN)
95 Asia Pacific Vertical Farming Market Outlook, By Building-based Vertical Farms (2020-2028) ($MN)
96 Asia Pacific Vertical Farming Market Outlook, By Component (2020-2028) ($MN)
97 Asia Pacific Vertical Farming Market Outlook, By Building Material (2020-2028) ($MN)
98 Asia Pacific Vertical Farming Market Outlook, By Plastic greenhouse (2020-2028) ($MN)
99 Asia Pacific Vertical Farming Market Outlook, By Glass greenhouse (2020-2028) ($MN)
100 Asia Pacific Vertical Farming Market Outlook, By Irrigation Component (2020-2028) ($MN)
101 Asia Pacific Vertical Farming Market Outlook, By Climate Control (2020-2028) ($MN)
102 Asia Pacific Vertical Farming Market Outlook, By Lighting (2020-2028) ($MN)
103 Asia Pacific Vertical Farming Market Outlook, By Sensor (2020-2028) ($MN)
104 Asia Pacific Vertical Farming Market Outlook, By Other Components (2020-2028) ($MN)
105 South America Vertical Farming Market Outlook, By Country (2020-2028) ($MN)
106 South America Vertical Farming Market Outlook, By Crop Type (2020-2028) ($MN)
107 South America Vertical Farming Market Outlook, By Microgreens (2020-2028) ($MN)
108 South America Vertical Farming Market Outlook, By Lettuce and Leafy Vegetables (2020-2028) ($MN)
109 South America Vertical Farming Market Outlook, By Tomato (2020-2028) ($MN)
110 South America Vertical Farming Market Outlook, By Berries (2020-2028) ($MN)
111 South America Vertical Farming Market Outlook, By Fruits Vegetables, & Herbs (2020-2028) ($MN)
112 South America Vertical Farming Market Outlook, By Cucumber (2020-2028) ($MN)
113 South America Vertical Farming Market Outlook, By Pepper (2020-2028) ($MN)
114 South America Vertical Farming Market Outlook, By Other Crop Types (2020-2028) ($MN)
115 South America Vertical Farming Market Outlook, By Growth mechanism (2020-2028) ($MN)
116 South America Vertical Farming Market Outlook, By Aquaponics (2020-2028) ($MN)
117 South America Vertical Farming Market Outlook, By Hydroponics (2020-2028) ($MN)
118 South America Vertical Farming Market Outlook, By Aeroponics (2020-2028) ($MN)
119 South America Vertical Farming Market Outlook, By Structure (2020-2028) ($MN)
120 South America Vertical Farming Market Outlook, By Shipping Container-based Vertical Farms (2020-2028) ($MN)
121 South America Vertical Farming Market Outlook, By Building-based Vertical Farms (2020-2028) ($MN)
122 South America Vertical Farming Market Outlook, By Component (2020-2028) ($MN)
123 South America Vertical Farming Market Outlook, By Building Material (2020-2028) ($MN)
124 South America Vertical Farming Market Outlook, By Plastic greenhouse (2020-2028) ($MN)
125 South America Vertical Farming Market Outlook, By Glass greenhouse (2020-2028) ($MN)
126 South America Vertical Farming Market Outlook, By Irrigation Component (2020-2028) ($MN)
127 South America Vertical Farming Market Outlook, By Climate Control (2020-2028) ($MN)
128 South America Vertical Farming Market Outlook, By Lighting (2020-2028) ($MN)
129 South America Vertical Farming Market Outlook, By Sensor (2020-2028) ($MN)
130 South America Vertical Farming Market Outlook, By Other Components (2020-2028) ($MN)
131 Middle East & Africa Vertical Farming Market Outlook, By Country (2020-2028) ($MN)
132 Middle East & Africa Vertical Farming Market Outlook, By Crop Type (2020-2028) ($MN)
133 Middle East & Africa Vertical Farming Market Outlook, By Microgreens (2020-2028) ($MN)
134 Middle East & Africa Vertical Farming Market Outlook, By Lettuce and Leafy Vegetables (2020-2028) ($MN)
135 Middle East & Africa Vertical Farming Market Outlook, By Tomato (2020-2028) ($MN)
136 Middle East & Africa Vertical Farming Market Outlook, By Berries (2020-2028) ($MN)
137 Middle East & Africa Vertical Farming Market Outlook, By Fruits Vegetables, & Herbs (2020-2028) ($MN)
138 Middle East & Africa Vertical Farming Market Outlook, By Cucumber (2020-2028) ($MN)
139 Middle East & Africa Vertical Farming Market Outlook, By Pepper (2020-2028) ($MN)
140 Middle East & Africa Vertical Farming Market Outlook, By Other Crop Types (2020-2028) ($MN)
141 Middle East & Africa Vertical Farming Market Outlook, By Growth mechanism (2020-2028) ($MN)
142 Middle East & Africa Vertical Farming Market Outlook, By Aquaponics (2020-2028) ($MN)
143 Middle East & Africa Vertical Farming Market Outlook, By Hydroponics (2020-2028) ($MN)
144 Middle East & Africa Vertical Farming Market Outlook, By Aeroponics (2020-2028) ($MN)
145 Middle East & Africa Vertical Farming Market Outlook, By Structure (2020-2028) ($MN)
146 Middle East & Africa Vertical Farming Market Outlook, By Shipping Container-based Vertical Farms (2020-2028) ($MN)
147 Middle East & Africa Vertical Farming Market Outlook, By Building-based Vertical Farms (2020-2028) ($MN)
148 Middle East & Africa Vertical Farming Market Outlook, By Component (2020-2028) ($MN)
149 Middle East & Africa Vertical Farming Market Outlook, By Building Material (2020-2028) ($MN)
150 Middle East & Africa Vertical Farming Market Outlook, By Plastic greenhouse (2020-2028) ($MN)
151 Middle East & Africa Vertical Farming Market Outlook, By Glass greenhouse (2020-2028) ($MN)
152 Middle East & Africa Vertical Farming Market Outlook, By Irrigation Component (2020-2028) ($MN)
153 Middle East & Africa Vertical Farming Market Outlook, By Climate Control (2020-2028) ($MN)
154 Middle East & Africa Vertical Farming Market Outlook, By Lighting (2020-2028) ($MN)
155 Middle East & Africa Vertical Farming Market Outlook, By Sensor (2020-2028) ($MN)
156 Middle East & Africa Vertical Farming Market Outlook, By Other Components (2020-2028) ($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.


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