Vertical Farming Market Challenges, Upcoming Demand Status A...| MENAFN.COM

Monday, 03 October 2022 05:44 GMT

Vertical Farming Market Challenges, Upcoming Demand Status And Growth Forecast To 2027


(MENAFN- Ameliorate Digital Consultancy)

Europe vertical farming market will witness over 20% CAGR by 2027 owing to the presence of substantial vertical farmers and equipment manufacturers across the region. For instance, the fruit and vegetable supplier, Staay Food Group in association with Rijk Zwaan B.V. and electronics giant, Philips has been involved in erecting a 900-square meter vertical farm in the Netherlands.

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Aeroponics vertical farming technology helps in growing plants in an air/mist environment without soil and minimal water. It is gaining recognition as it requires 90% less water as compared hydroponic system. This technology also requires lesser space compared to conventional farming techniques and does not require pest control activities as there is no soil use, thus cutting down on labor costs and making it economical.

Several other benefits associated with this technology include the capability to control moisture for better plant growth, easy crop harvest compared to traditional farming, reduction in labor cost through automation, and high-quality produce. These factors will help the aeroponics vertical farming market to gain a considerable industry over the forecast spell.

Outdoor vertical farming holds over 25% share in the industry. It is carried out in high-rise buildings, skyscrapers, barren lands, deserts, and other building structures such as restaurants, retails, etc. Plants can be grown on stacked shelves or stacked floors in a skyscraper using LED lighting and can fulfill the rising crop demand throughout the year. These farming techniques do not require fertilizers and pesticides, which may affect crop growth in the near term. Nevertheless, extensive research to improve vertical farming yield in skyscrapers in combination with artificial lights and sunlight will positively influence product penetration.

Major players comprise Sky Greens, Green Spirit Farm, Aerofarms, Plantagon International., Mirai Co., Ltd., General Hydroponics, Urban Crop Solutions, American Hydroponics, and Spread Co.

Key strategies implemented by vertical farming market participants to strengthen their competitive edge, include product innovation, joint ventures, partnerships, and mergers & acquisitions

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Partial Chapter of the Table of Content

Chapter 5 Vertical Farming Market, By Technology

5.1 Global market technology insights

5.2 Aeroponics

5.2.1 Market estimates and forecast, 2017 – 2027

5.2.2 Market estimates and forecast, by region, 2017 – 2027

5.3 Hydroponics

5.3.1 Vertical Farming Market estimates and forecast, 2017 – 2027

5.3.2 Market estimates and forecast, by region, 2017 – 2027

5.4 Aquaponics

5.4.1 Market estimates and forecast, 2017 – 2027

5.4.2 Market estimates and forecast, by region, 2017 – 2027

5.4.3 Salmon

5.4.3.1 Market estimates and forecast, 2017 – 2027

5.4.3.2 Market estimates and forecast, by region, 2017 – 2027

Chapter 6 Vertical Farming Market, By Application

6.1 Global market application insights

6.2 Indoor

6.2.1 Market estimates and forecast, 2017 – 2027

6.2.2 Market estimates and forecast, by region, 2017 – 2027

6.3 Outdoor

6.3.1 Market estimates and forecast, 2017 – 2027

6.3.2 Market estimates and forecast, by region, 2017 – 2027

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