Need to grow food items without herbicides or pesticides in limited areas. This factor responsible for driving the growth of the vertical farming market. Nevertheless, production of biopharmaceutical products in buildings is expected to gain high momentum in the future and so will provide healthy opportunities to the players operating in the vertical farming market.
Increasing demand for high-quality food, independent agriculture technique, and growing urbanization are some of the critical factors responsible for the vertical farming market growth. These factors have increased the requirement of food. Demand for the food is expected to witness significant growth with growing population by 2025. Adoption of the vertical cultivation technique allows the consumers to grow crops in a warehouse, or in a multi-storey building.
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The global vertical farming market is segmented on the basis of growth mechanism and component. Based on growth mechanism, the vertical farming market is segmented into hydroponics, aeroponics, and aquaponics. On the basis of component into hydroponics components, lighting, sensor, climate control, building material, and others.
Top Listed Company
Aerofarms, Agrilution, American Hydroponics, Everlight Electronics Co., Ltd., Green Sense Farms, LLC, Illumitex, Inc., Koninklijke Philips N.V., Sky Greens, Urban Crop Solutions, Vertical Farm Systems
Source: The Insight Partners
Aquaculture 