Report Description
A recent market
intelligence report that is published by Data Insights Partner on the global Vertical
Farming and Plant Factory Market makes an offering of in-depth analysis of
segments and sub-segments in the regional and international Vertical Farming
and Plant Factory Market. The research also emphasizes on the impact of restraints,
drivers, and macro indicators on the regional and global Vertical Farming and
Plant Factory Market over the short as well as long period of time. A detailed
presentation of forecast, trends, and dollar values of global Vertical Farming
and Plant Factory Market `is offered. In accordance with the report, the global
Vertical Farming and Plant Factory Market is projected to expand at a CAGR of 23.1%
over the period of forecast.
Market Insight, Drivers, Restraints&
Opportunity of the Market:
Vertical farming
and plant factory as the name suggest is a man-made process of producing food.
Vertical farm and plant factories are factories consisting of various shelves
where various foods are mechanically produced by creating an atmosphere which
replicates the original atmosphere. This artificial environment is created by
adopting greenhouse techniques, use of LED lights and many more. These
factories yield food produce many times of that produced in the natural
procedure and is less time consuming. The growing population is leading to the
growing demand for food crops. Dependence on natural environment cannot meet
the sufficient human need because of fluctuation climatic conditions. This is
the primary motive for the development of this food production structure and
its market. The growing population not only needs the food to live but also the
shelter to survive. The growing need for residential allocation due to rising
population and other complementary things associated with it is reducing the
availability of land for cultivation. To avoid the outcome of the interaction
of rising mouths to feed and lowering production of food crops, the vertical
farming and plant factory market is gaining momentum. The intensifying of the
problem of dropping down of water level and rising dry spell can be fought with
the growth of the vertical farming and plant factory market. Also, the surging
popularity of organic food is driving the growth of this market. Stabilizing
the prices of the basic food crops by maintaining production throughout the
year can be assumed to be a hidden agenda for the development of vertical
farming and plant factory market.
The development
of vertical farming and plant factory requires a lot of capital investment in
the initial stages to purchase specialized equipment that can be used to create
man-made climatic conditions. Insufficient capital investment is hindering the
growth of this market. The usage of vertical farming and plant factory can
produce a limited variety of crops like green crops, lettuces, tomatoes and so
on. This factor is restraining the growth of the vertical farming and plant
factory market.
The acute
shortage of non-renewable resources like the depleting water resources that are
essential for cultivating food crops is likely to provide an opportunity for
the growth of this market. Also, the government is coming forward to promote
and provide incentives for the production in vertical farming and plant
factory, this is a great chance for new companies to kickstart in this market.
The heightening population, falling availability of land for cultivation and
research and development in this field is a good set of circumstances for the
growth of the vertical farming and plant factory market.
Segment Covered:
This market
intelligence report on the global Vertical Farming and Plant Factory Market encompasses
market segments based on product type, application, and country/regions.
By product type, the Vertical Farming and Plant Factory Market
is segregated into,
§ Hydroponics
§ Aeroponics
§ Others
By Application, the Vertical Farming and
Plant Factory Market is classified
into,
§ Fruit Planting
§ Vegetable Cultivation
§ Others
By country/region, the Vertical Farming and Plant Factory
Market is divided into,
§ North America (the U.S., Canada),
§ Latin America (Brazil, Mexico, Argentina and other
countries),
§ Europe (Germany, France, the U.K., Spain, Italy, Russia,
and other countries),
§ Asia Pacific (India, Japan, China, Australia and New
Zealand and other countries),
§ Middle East and Africa (GCC, South Africa, Israel and
Other countries).
Profiling of Market
Players:
This business
intelligence report offers profiling of reputed companies that are operating in
the market. Companies such as
§ JCX LED
§ Cidly
§ Spectrum King Grow Lights
§ Weshine
§ Valoya
§ OSRAM
§ Epistar
§ Apollo Horticulture
§ GE
§ LumiGrow
§ Illumitex
§ LEDHYDROPONICS
§ QEE Technology
§ Fionia Lightening
§ Flow Magic
Other players have
been profiled into detail so as to offer a glimpse of the market leaders.
Moreover, parameters such as Vertical Farming and Plant Factory Market related
investment & spending and developments by major players of the market are
tracked in this global report.
Report Highlights:
In-depth
analysis of the micro and macro indicators, market trends, and forecasts of
demand is offered by this business intelligence report. Furthermore, the report
offers a vivid picture of the factors that are steering and restraining the
growth of this market across all geographical segments. In addition to that, Growth
Matrix analysis is also provided in the report so as to share insight of the
investment areas that new or existing market players can take into consideration.
Various analytical tools such as DRO analysis, Porter's five forces analysis
has been used in this report to present a clear picture of the market. The
study focuses on the present market trends and provides market forecast from
the year 2020-2028. Emerging trends that would shape the market demand in the
years to come have been highlighted in this report. A competitive analysis in
each of the geographical segments gives an insight into market share of the
global players.
Salient Features:
Ø
This study offers
comprehensive yet detailed analysis of the Vertical Farming and Plant Factory Market, size of the
market (US$ Mn), and Compound Annual Growth Rate (CAGR (%)) for the period of
forecast: 2020 – 2028, taking into account 2019 as the base year
Ø
It explains upcoming
revenue opportunities across various market segments and attractive matrix of
investment proposition for the said market
Ø
This market
intelligence report also offers pivotal insights about various market opportunities,
restraints, drivers, launch of new products, competitive market strategies of
leading market players, emerging market trends, and regional outlook
Ø
Profiling of
key market players in the world Vertical Farming and Plant Factory Market is done by
taking into account various parameters such as company strategies, distribution
strategies, product portfolio, financial performance, key developments,
geographical presence, and company overview
Ø
Leading
market players covered this report comprise names such as Flow Magic, GE,
Epistar, Illumitex, OSRAM, Apollo Horticulture, Weshine, Cidly and many more.
Ø
The data of
this report would allow management authorities and marketers of companies alike
to take informed decision when it comes to launch of products, government
initiatives, marketing tactics and expansion, and technical up gradation
Ø
The world
market for Vertical Farming and Plant Factory Services caters to the needs of various stakeholders pertaining to this
industry, namely suppliers, manufacturers, investors, and distributors for Vertical
Farming and Plant Factory Market. The research also caters to the rising needs of consulting
and research firms, financial analysts, and new market entrants
Ø
Research
methodologies that have been adopted for the purpose of this study have been
clearly elaborated so as to facilitate better understanding of the reports
Ø
Reports have
been made based on the guidelines as mandated by General Data Protection
Regulation
Ø
Ample number
of examples and case studies have been taken into consideration before coming
to a conclusion
Reasons to buy:
v
Identify
opportunities and plan strategies by having a strong understanding of the
investment opportunities in the Vertical Farming and Plant Factory Market
v
Identification
of key factors driving investment opportunities in the Vertical Farming and
Plant Factory Market
v
Facilitate
decision-making based on strong historic and forecast data
v
Position
yourself to gain the maximum advantage of the industry’s growth potential
v
Develop
strategies based on the latest regulatory events
v
Identify key
partners and business development avenues
v
Respond to your
competitors’ business structure, strategy and prospects
v
Identify key
strengths and weaknesses of important market participants