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Fremont, California, November 2, 2021 /PRNewswire/-BIS Research's advanced market intelligence research shows that by 2026, the global vertical farming market is expected to reach 19.86 billion U.S. dollars. The study also emphasized that during the forecast period of 2021-2026, the compound annual growth rate of the market will reach 24.30%.

Vertical agriculture is used to produce various vegetables and fruits on vertically inclined surfaces. Unlike traditional farming of vegetables and other food in a single layer (for example, in a field or greenhouse), vertical farming methods produce food in vertically stacked layers, which are usually contained in such things as shipping containers, remodeled warehouses, and skyscrapers. In the structure.

The detailed study summarizes 91 market data tables and 23 numbers, distributed on 169 pages, in-depth analysis and prediction of the TOC of the global vertical agricultural market, 2021-2026

Analysts' views on the market:

Rakhi Tanwar, principal analyst at BIS Research, said, “Vertical agriculture has the ability to completely change the global agricultural industry. Through advanced agricultural technology, annual food production can be achieved, thereby increasing agricultural production, and global food demand can be effectively managed.”

View the report of BIS Research: https://bisresearch.com/industry-report/vertical-farming-market.html

Major companies operating in the market and competitive landscape

Major companies operating in the market include AeroFarms, AppHarvest, Vertical Harvest, CropOne, Plenty Unlimited Inc., AmHydro., Kalera, Heliospectra AB, Hort Americas, Signify Holding (Koninklijke Philips NV), OSRAM GmbH., Valoya, EVERLIGHT ELECTRONICS CO . , LTD., Sky Greens, and SPREAD Co., Ltd.

The companies introduced in the report are selected based on a select group of participants, mainly Tier 1 (accounting for 50%-60% of the market share), mid-end players (accounting for 30-40% of the market), and small and emerging The company (holds 10-20% of the balance), based on various factors such as product mix, annual revenue, market penetration, R&D plans, and domestic and international influence in the global vertical agricultural market.

Competitive benchmarks can provide insight into the competitive strengths of major players in the market. For example, the market is dominated by organizations that primarily focus on advancing the agricultural sector. Companies such as AeroFarms, SPREAD Co., Ltd, Plenty Unlimited Inc., EVERLIGHT ELECTRONICS CO., LTD., Signify Holdings (Koninklijke Philips nv), Heliospectra AB, etc. are developing terminal products through cooperation with small companies that provide innovative and advanced technologies.

Market Segmentation of the Global Vertical Agriculture Market

Mechanism: Vertical agriculture can be carried out through various mechanisms, such as hydroponics, fish-vegetable symbiosis, and air culture. Hydroponics helps plants grow in the water, air culture helps to grow plants suspended in the air, and hydroponics is a special combination of hydroponics and fish farming in an integrated system. It needs water and fish to grow plants.

The hydroponic field is the largest field in the global vertical agricultural market. Hydroponic farms optimize plant growth, provide local fresh produce, and minimize the use of water, space, transportation, and pesticides. In addition, hydroponics can use natural light in the greenhouse, the most common is to use LED lights to save space. Because hydroponics provides such a wide range of advantages, its demand continues to increase on a global scale.

Products: A wide range of products (components) used in vertical agriculture include lighting equipment, hydroponic components, climate control equipment, sensor equipment, etc. The demand for lighting equipment in developed and developing countries may see positive growth. This growth is mainly due to the advantages of lighting equipment, such as breeding seedlings, cultivating healthier crops and pesticide-free crops. In addition, the crop yield can be increased by using vertical agricultural lighting to illuminate multi-layer crops, thereby obtaining higher yields with a smaller footprint.

Region: North America is expected to dominate the global vertical agricultural market during the forecast period. The rapid growth of agriculture in the region, as well as the increasing emphasis on smart agriculture and agricultural digitalization, are expected to promote the development of vertical agriculture in the region.

The United States is a major player in the North American vertical agricultural market. The United States is dominated by major players in vertical agriculture, including AeroFarms, Plenty Unlimited Inc., Bowery Farming, Gotham Greens, etc. The country has witnessed the production of various green vegetables such as kale, arugula, lettuce and cabbage. In 2019, there were more than 2,000 vertical farms in the United States, and 60% of the market was driven by small and medium-sized companies.

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Key questions answered in the report:

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