Vertical Farming Market

Table of Contents

1 Introduction (Page No. - 15)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Study Scope
           1.3.1 Market Segmentation
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 18)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Breakdown and Data Triangulation

3 Executive Summary (Page No. - 26)

4 Premium Insights (Page No. - 31)
    4.1 Attractive Opportunities for Market
    4.2 Market, By Offering
    4.3 Market, By Hardware
    4.4 Market, By Growth Mechanism
    4.5 Market, By Structure
    4.6 Market, By Geography
    4.7 Market, By Growth Mechanism and Geography
    4.8 Life Cycle Analysis, By Growth Mechanism

5 Market Overview (Page No. - 36)
    5.1 Introduction
    5.2 Evolution of Vertical Farming
    5.3 Market Segmentation
           5.3.1 By Offering
           5.3.2 By Structure
           5.3.3 By Growth Mechanism
           5.3.4 By Crop Type
           5.3.5 By Geography
    5.4 Market Dynamics
           5.4.1 Drivers
                    5.4.1.1 Rising Demand for High-Quality Food, Without Pesticides Or Herbicides
                    5.4.1.2 Independent Farming Technique With Very Less/No Impact of Climatic Conditions
                    5.4.1.3 Possible to Grow Vegetables and Fruits in A Limited Space
           5.4.2 Restraints
                    5.4.2.1 High Initial Investments
                    5.4.2.2 Lack of Technical Know-How
                    5.4.2.3 Limitations on the Variety of Crops Grown
           5.4.3 Opportunities
                    5.4.3.1 Growing Opportunities for Vertical Farming in APAC
                    5.4.3.2 Production of Biopharmaceutical Products
           5.4.4 Challenges
                    5.4.4.1 Vertical Farms on A Large Scale

6 Industry Trends (Page No. - 45)
    6.1 Introduction
    6.2 Value Chain Analysis
    6.3 Porter’s Five Forces Analysis
           6.3.1 Bargaining Power of Suppliers
           6.3.2 Bargaining Power of Buyers
           6.3.3 Threat of New Entrants
           6.3.4 Threat of Substitutes
           6.3.5 Intensity of Competitive Rivalry

7 Market, By Growth Mechanism (Page No. - 53)
    7.1 Introduction
    7.2 Aeroponics
    7.3 Hydroponics
    7.4 Aquaponics

8 Market, By Structure (Page No. - 61)
    8.1 Introduction
    8.2 Building-Based Vertical Farms
    8.3 Shipping Container Vertical Farms

9 Global Market, By Crop Type (Page No. - 65)
    9.1 Introduction
    9.2 Micro and Macro Economic Framework
           9.2.1 Demand Analysis and Trends Involved
                    9.2.1.1 Increasing Per Capita Global GDP Over the Years
                    9.2.1.2 Increasing Urbanization and Rising Disposable Income Among Consumers in Developing Countries
                    9.2.1.3 Growing Health Consciousness Among Consumers
                               9.2.1.3.1 Increasing Demand for Organic Food
                               9.2.1.3.2 Growing Consumer Demand for Local Food
           9.2.2 Supply Analysis and Trends Involved
                    9.2.2.1 Flexibility of Farm Location
                    9.2.2.2 Seasonality
                    9.2.2.3 Improvement of Food Supply Chain
           9.2.3 Growing Overall Demand for Fruits and Vegetables
           9.2.4 Green Leafy Vegetables in Vertical Farming
           9.2.5 Strawberries in Vertical Farming
           9.2.6 Global Market, By Geography
           9.2.7 Global Market, By Crop Type
                    9.2.7.1 North America
                    9.2.7.2 Europe
                    9.2.7.3 APAC
                    9.2.7.4 RoW
    9.3 Market Trends
           9.3.1 North America
                    9.3.1.1 Aerofarms LLC
                    9.3.1.2 Gotham Greens LLC
                    9.3.1.3 Green Sense Farms LLC
           9.3.2 APAC
                    9.3.2.1 Sky Greens
                    9.3.2.2 Mirai Co., Ltd.
                    9.3.2.3 Scatil
           9.3.3 Europe
                    9.3.3.1 Plantagon
                    9.3.3.2 Infarm GmbH

10 Market, By Offering (Page No. - 87)
     10.1 Introduction
     10.2 Lighting
             10.2.1 Grow Lights
             10.2.2 Grow Light Reflectors
             10.2.3 Grow Light Ballasts
     10.3 Hydroponics Components
             10.3.1 Pumps and Irrigation
             10.3.2 Meters and Solutions
             10.3.3 Water Filtration
             10.3.4 Others
     10.4 Climate Control
             10.4.1 Ventilation Fans
             10.4.2 Air Purification/Control
             10.4.3 Others
     10.5 Sensors
             10.5.1 Temperature Sensors
             10.5.2 CO2 Sensors
             10.5.3 Nutrient Sensors
             10.5.4 PH Sensors
             10.5.5 Crop Sensors
             10.5.6 Others

11 Geographic Analysis (Page No. - 100)
     11.1 Introduction
     11.2 North America
             11.2.1 U.S.
             11.2.2 Canada
             11.2.3 Mexico
     11.3 Europe
             11.3.1 U.K.
             11.3.2 France
             11.3.3 Sweden
             11.3.4 The Netherlands
             11.3.5 Rest of Europe
     11.4 APAC
             11.4.1 Japan
             11.4.2 Singapore
             11.4.3 China
             11.4.4 Taiwan
             11.4.5 Rest of APAC
     11.5 RoW
             11.5.1 Middle-East
             11.5.2 Africa
             11.5.3 South America

12 Competitive Landscape (Page No. - 139)
     12.1 Introduction
     12.2 Market Ranking for Market, 2016
     12.3 Competitive Scenario
     12.4 Developments
             12.4.1 Contracts and Partnerships
             12.4.2 Expansions
             12.4.3 New Product Developments

13 Company Profiles (Page No. - 146)
(Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, Ratio Analysis, MnM View)*
     13.1 Introduction
     13.2 Koninklijke Philips N.V.
     13.3 Aerofarms
     13.4 Sky Greens
     13.5 Illumitex, Inc.
     13.6 Everlight Electronics Co., Ltd.
     13.7 Green Sense Farms, LLC
     13.8 Agrilution
     13.9 American Hydroponics
     13.10 Urban Crops
     13.11 Vertical Farm Systems

*Details on Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.

14 Appendix (Page No. - 164)
     14.1 Insights From Industry Experts
     14.2 Discussion Guide
     14.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     14.4 Introducing RT: Real-Time Market Intelligence
     14.5 Available Customization
     14.6 Related Reports
     14.7 Author Details

List of Tables (80 Tables)

Table 1 Market Segmentation: By Offering
Table 2 Market Segmentation: By Structure
Table 3 Market Segmentation: By Growth Mechanism
Table 4 Market Segmentation: By Crop Type
Table 5 Global Market Size, By Growth Mechanism, 2013-2022 (USD Million)
Table 6 Aeroponics Growth Mechanism Segment, By Geography, 2013–2022 (USD Million)
Table 7 Hydroponics Growth Mechanism Segment, By Geography, 2013–2022 (USD Million)
Table 8 Aquaponics Growth Mechanism Segment, By Geography, 2013–2022 (USD Million)
Table 9 Global Market, By Structure, 2013-2022 (USD Million)
Table 10 Building-Based Vertical Farms Market Size, By Geography, 2013–2022 (USD Million)
Table 11 Shipping Container Vertical Farms, Market Size, By Geography, 2013–2022 (USD Million)
Table 12 Global Market, By Geography, 2014-2022 (USD Million)
Table 13 Global Market Size, By Crop Type, 2014-2022 (USD Million)
Table 14 North American Market, By Crop Type, 2014-2022 (USD Million)
Table 15 North American Market, By Country, 2014-2022 (USD Million)
Table 16 European Market, By Crop Type, 2014-2022 (USD Million)
Table 17 European Market, By Country, 2014-2022 (USD Million)
Table 18 APAC Market, By Crop Type, 2014-2022 (USD Million)
Table 19 APAC Market, By Country, 2014-2022 (USD Million)
Table 20 RoW Market, By Crop Type, 2014-2022 (USD Million)
Table 21 RoW Market, By Country, 2014-2022 (USD Million)
Table 22 Hardware Segment of Market, By Offering, 2013–2022 (USD Million)
Table 23 Market Size, By Hardware Type, 2013–2022 (USD Million)
Table 24 Market Size for Hardware, By Lighting, 2013–2022 (USD Million)
Table 25 Market Size for Hardware, By Hydroponics Components, 2013–2022 (USD Million)
Table 26 Market Size for Hardware, By Climate Control, 2013–2022 (USD Million)
Table 27 Market Size for Hardware, By Sensors, 2013–2022 (USD Million)
Table 28 Global Market Size, By Geography, 2013–2022 (USD Million)
Table 29 Lighting Devices Market Size, By Geography, 2013–2022 (USD Million)
Table 30 Hydroponics Components Market Size, By Geography, 2013–2022 (USD Million)
Table 31 Climate Control Devices Market Size, By Geography, 2013–2022 (USD Million)
Table 32 Sensors Market Size, By Geography, 2013-2022 (USD Million)
Table 33 North American Market, By Country, 2013–2022 (USD Million)
Table 34 North American Market, By Structure, 2013–2022 (USD Million)
Table 35 North American Market, By Growth Mechanism, 2013–2022 (USD Million)
Table 36 North American Market for Lighting Devices, By Country, 2013–2022 (USD Million)
Table 37 North American Market for Hydroponics Components, By Country, 2013–2022 (USD Million)
Table 38 North American Market for Climate Control Devices, By Country, 2013–2022 (USD Million)
Table 39 North American Market for Sensors, By Country, 2013–2022 (USD Million)
Table 40 U.S. Market, By Growth Mechanism, 2013–2022 (USD Million)
Table 41 Canadian Market, By Growth Mechanism, 2013–2022 (USD Million)
Table 42 Mexican Market, By Growth Mechanism, 2013–2022 (USD Million)
Table 43 European Market, By Country, 2013–2022 (USD Million)
Table 44 European Market, By Structure, 2013–2022 (USD Million)
Table 45 European Market, By Growth Mechanism, 2013–2022 (USD Million)
Table 46 European Market for Lighting Devices, By Country, 2013–2022 (USD Million)
Table 47 European Market for Hydroponics Components, By Country, 2013–2022 (USD Million)
Table 48 European Market for Climate Control Devices, By Country, 2013–2022 (USD Million)
Table 49 European Market for Sensors, By Country, 2013–2022 (USD Million)
Table 50 U.K. Market, By Growth Mechanism, 2013–2022 (USD Million)
Table 51 French Market, By Growth Mechanism, 2013–2022 (USD Million)
Table 52 Swedish Market, By Growth Mechanism, 2013–2022 (USD Million)
Table 53 Market in the Netherlands, By Growth Mechanism, 2013–2022 (USD Million)
Table 54 Market in Rest of Europe, By Growth Mechanism, 2013–2022 (USD Million)
Table 55 APAC Market, By Country, 2013–2022 (USD Million)
Table 56 APAC Market, By Structure, 2013–2022 (USD Million)
Table 57 APAC Market, By Growth Mechanism, 2013–2022 (USD Million)
Table 58 APAC Market for Lighting Devices, By Country, 2013–2022 (USD Million)
Table 59 APAC Market for Hydroponics Components, By Country, 2013–2022 (USD Million)
Table 60 APAC Market for Climate Control Devices, By Country, 2013–2022 (USD Million)
Table 61 APAC Market for Sensors, By Country, 2013–2022 (USD Million)
Table 62 Japanese Market, By Growth Mechanism, 2013–2022 (USD Million)
Table 63 Singapore Market, By Growth Mechanism, 2013–2022 (USD Million)
Table 64 Chinese Market, By Growth Mechanism, 2013–2022 (USD Million)
Table 65 Taiwanese Market, By Growth Mechanism, 2013–2022 (USD Million)
Table 66 Rest of APAC Market, By Growth Mechanism, 2013–2022 (USD Million)
Table 67 Market in RoW, By Region, 2013–2022 (USD Million)
Table 68 Market in RoW, By Structure, 2013–2022 (USD Million)
Table 69 Market in RoW, By Growth Mechanism, 2013–2022 (USD Million)
Table 70 Market in RoW for Lighting Devices, By Region, 2013–2022 (USD Million)
Table 71 Market in RoW for Hydroponics Components, By Region, 2013–2022 (USD Million)
Table 72 Market in RoW for Climate Control Devices, By Region, 2013–2022 (USD Million)
Table 73 Market in RoW for Sensors, By Region, 2013–2022 (USD Million)
Table 74 Market in Middle-East, By Growth Mechanism, 2013–2022 (USD Million)
Table 75 African Market, By Growth Mechanism, 2013–2022 (USD Million)
Table 76 Market in South America, By Growth Mechanism, 2013–2022 (USD Million)
Table 77 Market Rank Analysis of the Top Players in the Market
Table 78 Contracts and Partnerships, 2014–2016
Table 79 Expansions, 2015–2016
Table 80 New Product Developments, 2015–2016

List of Figures (76 Figures)

Figure 1 Market Research Methodology
Figure 2 Research Flow
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Data Triangulation: Market
Figure 6 Hardware Segment to Lead Market, By Offering, 2016-2022 (USD Million)
Figure 7 Lighting Devices Sub-Segment of Hardware Segment to Lead Market, By 2022 (USD Million)
Figure 8 Aeroponics Segment to Record Highest CAGR of Market, By Growth Mechanism, 2016-2022 (USD Million)
Figure 9 Building-Based Segment to Record Highest CAGR of Market, By Structure, 2016-2022 (USD Million)
Figure 10 Air Purification and Control Sub-Segment of Hardware Segment to Record Highest CAGR, 2016-2022
Figure 11 APAC Held Largest Share of Global Market, in 2016
Figure 12 Global Market to Record High CAGR, 2016-2022
Figure 13 Hardware Segment to Lead Market, 2016-2022 (USD Million)
Figure 14 Lighting Devices Segment to Lead Market, 2016-2022 (USD Million)
Figure 15 Aeroponics Growth Mechanism Segment to Record Highest CAGR, 2016-2022 (USD Million)
Figure 16 Building-Based Vertical Farms to Overtake Shipping Container Vertical Farms, By 2022
Figure 17 APAC to Lead Global Market, 2016-2022 (USD Million)
Figure 18 Hydroponics Growth Mechanism Segment Held Largest Market Share in 2016
Figure 19 Hydroponics Growth Mechanism is in Its Growth Stage
Figure 20 Evolution of the market
Figure 21 Market Segmentation: By Geography
Figure 22 Drivers, Restraints, Opportunities, Challenges: Vertical Farming Market
Figure 23 Damage and Loss to Crops, By Type of Calamity (2003-2013)
Figure 24 World Population (2015–2050)
Figure 25 Value Chain Analysis: 2016
Figure 26 Porter’s Five Forces Analysis of market
Figure 27 Porter’s Five Forces: Impact Analysis
Figure 28 Bargaining Power of Suppliers: Low
Figure 29 Bargaining Power of Buyers: Medium
Figure 30 Threat of New Entrants: High
Figure 31 Threat of Substitutes: Low
Figure 32 Intensity of Competitive Rivalry
Figure 33 Market, By Growth Mechanism
Figure 34 Hydroponics Segment LED Global Market, By Growth Mechanism, in 2016 (USD Million)
Figure 35 Aeroponics Growth Mechanism Segment, By Geography, 2016–2022 (USD Million)
Figure 36 Hydroponics Growth Mechanism Segment, By Geography, 2016–2022 (USD Million)
Figure 37 Aquaponics Growth Mechanism Segment, By Geography, 2016–2022 (USD Million)
Figure 38 Vertical Farming Industry, By Structure
Figure 39 Building-Based Vertical Farms to Record Highest CAGR, 2016-2022
Figure 40 Shipping Container Vertical Farms, By Geography, 2016–2022
Figure 41 Global Market Size, By Crop Type: A Snapshot
Figure 42 Market: SWOT Analysis
Figure 43 Global Per Capita GDP, 2008–2014 (Current USD)
Figure 44 Production of Vegetables and Fruits With Growing World Population
Figure 45 Global Market Size, By Geography, 2016 vs 2022 (USD Million)
Figure 46 Global Market Size, By Crop Type, 2016 vs 2022 (USD Million)
Figure 47 Major Vertical Farms Around the World
Figure 48 Market, By Offering
Figure 49 Market, By Hardware
Figure 50 Grow Lights to Lead Hardware Segment of market, 2016-2022 (USD Million)
Figure 51 Meters and Solutions Segment of Hydroponics Components Market to Record Highest CAGR, 2016-2022 (USD Million)
Figure 52 Air Purification and Control Segment of Climate Control Market to Record Highest CAGR, 2016-2022 (USD Million)
Figure 53 Temperature Sensors Segment to Lead Sensors Market, 2016-2022 (USD Million)
Figure 54 Market, By Geography
Figure 55 Geographic Snapshot: APAC A Key Growth Region for Market, 2016-2022
Figure 56 North American Market, 2016
Figure 57 U.S. Dominated North American market in 2016
Figure 58 Aeroponics Growth Mechanism Segment in U.S. to Record Highest CAGR, 2016-2022 (USD Million)
Figure 59 European Market, 2016
Figure 60 European market, 2016 to 2022
Figure 61 Aeroponics Growth Mechanism Segment in Rest of Europe to Record Highest CAGR, 2016-2022 (USD Million)
Figure 62 APAC Market, 2016
Figure 63 Japan LED APAC Market in 2016 (USD Million)
Figure 64 Aeroponics Growth Mechanism Segment in China to Record Highest CAGR, 2016-2022 (USD Million)
Figure 65 Middle-East Leads the RoW Market, 2016-2022 (USD Million)
Figure 66 Aeroponics Growth Mechanism Segment in Middle-East to Record Highest CAGR, 2016-2022 (USD Million)
Figure 67 Companies Adopted Contracts and Partnerships as Key Growth Strategies Between 2013 and 2016
Figure 68 Market Evaluation Framework—Contracts and Partnerships & Expansions Between 2013 and 2016
Figure 69 Contracts and Partnerships: Key Growth Strategy Adopted By Market Players
Figure 70 Geographic Revenue Mix of Key Market Players
Figure 71 Koninklijke Philips N.V.: Company Snapshot
Figure 72 Koninklijke Philips N.V.: SWOT Analysis
Figure 73 Aerofarms: SWOT Analysis
Figure 74 Sky Greens: SWOT Analysis
Figure 75 Illumitex, Inc.: SWOT Analysis
Figure 76 Everlight Electronics Co., Ltd.: Company Snapshot

Extensive secondary sources, directories, and paid databases, such as Hoovers, Bloomberg Businessweek, Factiva, and OneSource have been used to identify and collect information for this technical, market-oriented, and commercial study of the global vertical farming market. The key market players have been identified through secondary research, and their revenues have been determined through primary and secondary research. In-depth interviews have been conducted with various primary respondents, including key industry participants, subject matter experts (SMEs), C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical, qualitative, and quantitative information and assess future prospects.

Secondary Research

Secondary sources referred for this research study include corporate filings (such as annual reports, investor presentations, and financial statements); trade, business, and professional associations; white papers; vertical farming-related journals; certified publications; articles from recognized authors; directories; and databases. The secondary data has been collected and analyzed to arrive at the overall market size, which has been further validated by primary research.

Primary Research

In the primary research process, various primary sources from both the supply and demand sides have been interviewed to obtain qualitative and quantitative information important for this report. Primary sources from the supply side include industry experts, such as CEOs, vice presidents, marketing directors, technology and innovation directors, and related key executives from various key market players. After the complete market engineering process (including calculations for market statistics, market breakdown, market size estimations, market forecasting, and data triangulation), extensive primary research has been conducted to gather information and verify and validate the critical numbers arrived at.

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both, top-down and bottom-up approaches have been used to estimate and validate the size of the global market and other dependent sub-markets. The key market players have been identified through secondary research, and their market positioning in the respective geographies have been determined through primary and secondary research. This entire research methodology involves the study of the annual and financial reports of top market players as well as interviews with industry experts (such as CEOs, VPs, directors, and marketing executives) for key insights (quantitative and qualitative) on the market. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The consolidated data, with detailed inputs and analysis from MarketsandMarkets.

Data Triangulation

After arriving at the global market size from the vertical farming market size estimation process explained earlier, the total market has been split into several segments and sub-segments. To complete the overall market engineering process and arrive at the exact statistics for all the segments and sub-segments, the market breakdown and data triangulation procedures have been employed, wherever applicable. The data has been triangulated by studying various factors and trends from both demand and supply sides, and the market has been validated using both top-down and bottom-up approaches.

Major Objectives of the Study.

• Analyzing the overall size of the individual markets through the percentage split with the help of primary and secondary research 
• Analyzing the several market segments and subsegments
• Analyzing the supply and demand sides of the vertical farming ecosystem
• Analyzing the market trends in various regions and countries, supported by the ongoing research and development (R&D) in these regions
• Finalizing the overall market sizes by triangulation with supply side data, which includes the product developments, supply chain, and estimated sales of vertical farming industry 

Scope of the Report

This research report categorizes the overall vertical farming market on the basis of offering, structure, growth mechanism, crop type, and region.

Market, By Offering

• Hardware
• Software
• Services

Market, By Structure

• Building-based vertical farms
• Shipping container vertical farms

Market, By Growth Mechanism

• Aeroponics
• Hydroponics
• Aquaponics

Market, By Crop Type

• Lettuce
• Peppers
• Broccoli
• Spinach
• Cucumbers
• Tomatoes
• Strawberries
• Pomegranates
• Others

Market, By Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • U.K.
  • France
  • Sweden
  • The Netherlands
  • Rest of Europe
• Asia-Pacific
  • Japan
  • China
  • Taiwan
  • Singapore
  • Rest of Asia-Pacific
• RoW
  • Middle East
  • Africa
  • South America

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to the clients’ specific needs. The following customization options are available for the report:

Regional Analysis

• Further breakdown of region-/country-specific analysis

Company Information

• Detailed analysis and profiling of additional market players (up to five)