Global Vertical Farming and Plant Factory Market, By Product Type (Aeroponics, Hydroponics, and Other), By Application (Vegetable Cultivation, Fruit Planting, and Other), By Region (North America, Europe, Asia Pacific, Middle East & Africa and Latin America); Trend Analysis, Market Competition Scenario & Outlook, 2015-2025
- Published Date: November 2019
- Report ID: BWC19341
- Available Format: PDF
- Page: 125
Global Vertical Farming and Plant Factory Market Trends & Outlook
Vertical Farming and Plant factory market worth was estimated USD xx billion in the year 2018 and is anticipated to reach USD xx billion in 2025 with a remarkable CAGR of around 40% during the projection period. The consistent initiatives by states and industrial sector to curb environmental harms because of global warming and pollution as well as to maintain greenery contribute substantially to the growth of the vertical farming across major cities in the world. Besides, citizens are also interested in vertical farming due to compact spaces. The other factors inducing vertical garden and plant factory market are year-around crop production, use of abandoned spaces and sustainable urbanization. However, the high beginning considerations, lack of specialized skills, and constraints on the assortment of yields grown impede the vertical cultivating market.
Global Vertical Farming and Plant Factory Market Overview
Plant Factory or vertical Farming is typically a blocked surrounding wherein plants are developed underneath artificial lights on racks stacked up one on other is Vertical cultivating, plant factory (PF). Plant development is controlled to meet its necessity and dispensed with destructive substances like poor climate conditions and pesticides. Plant factory is scientifically controlled pasture which is best for the plant development. It produces plants with consistent cost, amount, and quality, assorting time, and selling cost also.
The Plant factory facility accomplishes expanded crop-yield. Machines are fixed with the help of the robotic innovation to improve the yield of the harvest and control weed. Robots dispense with the herbicides creating a more secure harvest by keeping up rigorous cleanliness and maintenance procedures. They control quality, assortment, and freshness of plants working relentlessly every minute of every day. Plant factories growing vegetables and organic products on racks have improved the availability of crop with reliable quality and demonstrated skill in regulating the production of the crop. Strawberries are an exceptional yield crop developed through this procedure round the year.
Cultivation now no more relies upon the climatic conditions as natural vegetables are grown nonstop. The land territory for cultivating is dwindling day by day, leading to the discovery of vertical farming and plant factory. The plants can be cultivated in the confined territory in houses, creating a useful variety of crisp nourishment reliably. Nature is constrained by LED light and making air and climate arrangements making conditions ideal for the plants to develop. The amount of temperature, carbon dioxide, light, and dampness focus level is streamlined for fair climate and cultivation rate. It produces two to multiple times more crop quickly than the regular fields.
Global Vertical Farming and Plant Factory Market Segmentation
The Global Vertical Farming & Plant Factory Market is segmented based on its Product Type, Application, and regional demand. Based on its product type, the market is divided into Aeroponics, Hydroponics, and Other. Based on its Application, the market is divided into Vegetable Cultivation, Fruit Planting, and Other.
Geographically, the Global Vertical Farming and Plant Factory Market is divided into global regions like Europe, North America, Asia- Pacific, Middle East, LATAM, and Africa.
North America holds the largest market share in the Global Vertical Farming and Plant Factory Market during the projection period. The market in the North American region is growing with the rising demand for high-quality food and the exhibition of the business alongside the conspicuous merchants working in the topography. The exhibitions enlighten partners, entrepreneurs, and field showcasing administrators. The various features and business-related parameters including, new dispatches, procurement and mergers and new participants are talked about widely during the research. All such events drive the growth of the market in the region.
The major players in the Global Vertical Farming and Plant Factory Market include JCX LED, Weshine, K-light, QEE Technology, Rosy Electronics, Ohmax Optoelectronic Lighting, Zhicheng Lighting, Flow Magic, California LightWorks, Kessil, Kind LED Grow Lights, Spectrum King Grow Lights, Cidly, Sunprou, Philips, OSRAM, Illumitex, GE, Valoya, Everlight Electronics, Epistar, LumiGrow, LEDHYDROPONICS, Fionia Lighting, Netled, Apollo Horticulture, Grow LED Hydro.
Scope of the Report
Historical data – 2015-2017
Base Year – 2018
Forecast – 2019 – 2025
Revenue in USD Billion
U.S, Canada, Germany, UK, France, Italy, Spain, Brazil, Mexico, Japan, South Korea, China, India, South Korea UAE, South Africa, Saudi Arabia.
By Product Type, By Application and By Region
JCX LED, Weshine, K-light, QEE Technology, Rosy Electronics, Ohmax Optoelectronic Lighting, Zhicheng Lighting, Flow Magic, California LightWorks, Kessil, Kind LED Grow Lights, Spectrum King Grow Lights, Cidly, Sunprou, Philips, OSRAM, Illumitex, GE, Valoya, Everlight Electronics, Epistar, LumiGrow, LEDHYDROPONICS, Fionia Lighting, Netled, Apollo Horticulture, Grow LED Hydroand other prominent players.
By Product Type
Ø Vegetable Cultivation
Ø Fruit Planting
Ø North America
Ø Asia Pacific
Ø Middle East and Africa
Ø Latin America
The objective of the Study:
Ø To analyze and estimate the Global Vertical Farming and Plant Factory Market size, in terms of value.
Ø To examine the market segmentation carefully and estimate the market size, in terms of value, based on the region by segmenting the Global Vertical Farming and Plant Factory Market into five regions, namely, North America, Europe, Asia Pacific, Rest of the World and their leading countries.
Ø To outline, categorize and project the Global Vertical Farming and Plant Factory Market based on Type, Application and Region.
Ø To examine competitive developments in product and devices used for administration across different age-groups within the Global Vertical Farming and Plant Factory Market.
Ø To highlight market dynamics such as drivers, restraints, opportunities, and challenges and their impact.
Ø To provide a detailed competitive landscape, including major players, their strategic profiles, and market shares.
Business Questions Answered by the Report:
Ø How will the market drivers, restraints, and opportunities affect the market dynamics?
Ø What will be the market size in terms of value and volume and market statistics with a detailed classification?
Ø Which segment dominates the market or region, and which one will be the fastest-growing, and why?
Ø Who are the key players in the market, and what is their share?
Ø What is the strategy adopted by key players, and how does it affect the existing and new players?
Customization Scope for the Client:
Client satisfaction is our first and last priority, and that is why BlueWeave Consulting offers customization as per client’s specific needs. The following customization options are available for the report:
Ø Additional Company Information
Ø Detail Analysis of five additional companies
Ø Additional country analysis
Ø Detailed segment analysis
1. Research Framework
1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation
2. Research Methodology
2.1. Qualitative Research
2.1.1. Primary & Secondary Sources
2.2. Quantitative Research
2.2.1. Primary & Secondary Sources
2.3. Breakdown of Primary Research Respondents, By Region
2.3.1. Secondary Research
2.3.2. Primary Research
2.4. Breakdown of Primary Research Respondents
2.5. Market Size Estimation
2.6. Assumption for the Study
2.7. Market Breakdown & Data Triangulation
3. Executive Summary
4. Global Vertical Farming and Plant Factory Industry Insights
4.1. Industry Value Chain Analysis
4.1.1. Vendor Matrix
4.2. DROC Analysis
4.2.1. Growth Drivers
4.3. Technological Landscape
4.4. Regulatory Framework
4.5. Company market share analysis,2019
4.6. Porter’s Five forces analysis
4.6.1. Bargaining Power of Suppliers
4.6.2. Bargaining Power of Buyers
4.6.3. Threat of New Entrants
4.6.4. Threat of Substitutes
4.6.5. Intensity of Rivalry
4.7. Strategic Outlook
5. Global Vertical Farming and Plant Factory Market Overview
5.1. Market Size & Forecast 2015-2025
5.1.1. By Value (USD)
5.2. Market Share & Forecast
5.2.1. By Product Type
5.2.2. By Offering
220.127.116.11. Hydroponics Components
18.104.22.168. Climate Control
5.2.3. By Application
22.214.171.124. Vegetable Cultivation
126.96.36.199. Fruit Planting
5.2.4. By Region
188.8.131.52. North America
184.108.40.206. Asia Pacific
220.127.116.11. Latin America
18.104.22.168. Middle East & Africa
6. North America Vertical Farming and Plant Factory Market
6.1. Market estimates & forecast
6.1.1. By Product Type
6.1.2. By Offering
6.1.3. By Application
6.1.4. By Country
7. Europe Vertical Farming and Plant Factory Market
7.1. Market estimates & forecast
7.1.1. By Product Type
7.1.2. By Offering
7.1.3. By Application
7.1.4. By Country
22.214.171.124. Rest of Europe
8. Asia Pacific Vertical Farming and Plant Factory Market
8.1. Market estimates & forecast
8.1.1. By Product Type
8.1.2. By Offering
8.1.3. By Application
8.1.4. By Country
126.96.36.199. Rest of APAC
9. Latin America Vertical Farming and Plant Factory Market
9.1. Market estimates & forecast
9.1.1. By Product Type
9.1.2. By Offering
9.1.3. By Application
9.1.4. By Country
188.8.131.52. Rest of Latin America
10.Middle East & Africa Vertical Farming and Plant Factory Market
10.1. Market estimates & forecast
10.1.1. By Product Type
10.1.2. By Offering
10.1.3. By Application
10.1.4. By Country
10.1.4.1. Saudi Arabia
10.1.4.3. South Africa
10.1.4.4. Rest of MEA
11.Company Profile (Company Overview, Financial Matrix, Key Product landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook)*
11.1. JCX LED
11.4. QEE Technology
11.5. Rosy Electronics
11.6. Ohmax Optoelectronic Lighting
11.7. Zhicheng Lighting
11.8. Flow Magic
11.9. California LightWorks
11.11. Kind LED Grow Lights
11.12. Spectrum King Grow Lights
11.19. Everlight Electronics
11.23. Fionia Lighting
11.25. Apollo Horticulture
11.26. Grow LED Hydro
11.27. Other Prominent Players
* Financial information of non-listed Companies will be provided as per availability
**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable
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