Research and Markets has announced the addition of the "Vertical Farming Market - Global Forecast to 2022" report to their offering.

According to the new market research report, the vertical farming market is expected to be valued at USD 5.80 billion by 2022, growing at a CAGR of 24.8% between 2016 and 2022.

The growth of the vertical farming market could be attributed to the growing urbanization, rising demand for high quality food with no use of pesticides and herbicides, and independent farming technique with low impact of climatic conditions. However, the high initial investments, dearth of technical acumen, and limitations on the variety of crops grown are the restraints in the vertical farming market.

The lighting devices and hydroponic components are expected to dominate the hardware segment of the vertical farming market. LED grow light and hydroponics growth mechanism dominates the vertical farming market because LED lights have many benefits over the traditional lighting system and hydroponics growth mechanism is easy to implement and their result in terms of the growth of plant is quite good.

This report covers regions such as North America, Europe, Asia-Pacific (APAC), and Rest of the World (RoW). The APAC is expected to have the largest share of the vertical farming market between 2016 and 2022. The high growth of vertical farming in the APAC region is because of developing countries like China, Japan, and Singapore. Japan is the key country as far as vertical farming is concerned. Japan has many plant factories equipped with artificial lights in the operational form. Toshiba (Japan), which is the largest consumer electronics company converted their old factory into vertical facilities and is planning to grow vegetables such as lettuces.

Companies Mentioned:

  • Aerofarms
  • Agrilution
  • American Hydroponics
  • Everlight Electronics Co., Ltd.
  • Farmedhere
  • Green Sense Farms, LLC
  • Illumitex, Inc.
  • Koninklijke Philips N.V.
  • Sky Greens
  • Urban Crops
  • Vertical Farm Systems

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Industry Trends

7 Vertical Farming Market, By Growth Mechanism

8 Vertical Farming Market, By Structure

9 Vertical Farming Market, By Crop Type

10 Vertical Farming Market, By Offering

11 Geographic Analysis

12 Competitive Landscape

13 Company Profiles

For more information about this report visit http://www.researchandmarkets.com/research/jw5t3h/vertical_farming