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Global Vertical Farming market is expected to reach 5.90 billion USD by 2022

Author: QYResearch Publish date: 2018-03-21 Views: 10
Increasing inclination towards healthy food without pesticides, rising urban population and no weather related crop failures are the factors favoring the market growth. However, limited variety of crops, high initial investment and lack of technical insights are the restraining factors for vertical farming market. Rapidly increasing city population has made farm land inadequate for cultivation, so there is need for alternative farming techniques which acts as opportunity for vertical farming.

Publisher: QYResearch

Published Date: 2018-03-21

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Vertical farms in urban areas are a relatively new phenomenon, but interest in this approach is growing, and the number of vertical farms is expanding every year. There are several variations of vertical farms being tested throughout the world, and new innovations and technology will likely increase the energy efficiency and profit margins of these farms in the future.


In the near term, most vertical farms will focus on high-return and short-rotation crops such as salad greens, with nearby restaurants often buying all of the production. Whether vertical farms will become more widespread is uncertain, but the innovative vertical farms currently under construction or already in production are being closely observed by urban planners and the sustainable agriculture community.


In terms of revenue, the global vertical farming market was valued 1301.48 million USD in 2017, and is estimated to be worth 5903.75 million USD by 2022, with the average annual growth rate of 35.31% from 2017 to 2022. In terms of Acreage, the global vertical farming accounted for 13754600 Sq.ft. in 2017, and is anticipated to reach 40618263 Sq.ft.by 2022. Overall, the lentinan products performance is positive.


Based on functional device, lighting segment is likely to dominate the vertical farming market during the forecast period, due to the replacement of traditional lighting systems by energy-efficient LEDs. And LEDs lighting takes a large proportion in the costs of vertical farming. The main LEDs suppliers for vertical farming include Philips, Illumitex, etc.


USA is the dominate producer of vertical farming industry, the production is 7232MT in 2015, according for about 35.31%% of the total amount, followed by Japan, with the production market share of 25.72%.


Due to the high cost of energy, and construction, the price of plants harvested from vertical farms is very high. Therefore, the market of vertical farming is limit. Although some farms can generate income through open to visitors, they are still in the situation of money-losing operation. The gross margin of most companies is negative.


The Global Vertical Farming Market Research Report 2017 report released by QYResearch provides a basic overview of the Vertical Farming industry, including definition, classification, application and industrial chain structure. Discuss development policies and plans as well as manufacturing processes and cost structures.


The report then focuses on major industry players in China, including company profiles, product images and specifications, sales, market share, and contact information. More importantly, the Vertical Farming industry development trends and marketing channels were analyzed. Providing the main statistical data on the current status of the industry is a valuable guide and direction for companies and individuals interested in the market.


Click to view the full report:http://www.qyresearchglobal.com/goods-1199701.html
QYResearchglobal focus on market survey and report 
Media contact: press@qyresearch.com

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