Global Vertical Farming And Plant Factory Market Bwc19341
Global Vertical Farming and Plant Factory Market, By Product Type (Aeroponics, Hydroponics, and Other), By Application (Vegetable Cultivation, Fruit Planting, and Other), By Region (North America, Europe, Asia Pacific, Middle East & Africa and Latin America); Trend Analysis, Market Competition Scenario & Outlook, 2015-2025
- Published Date: November 2019
- Report ID: BWC19341
- Available Format: PDF
- Page: 125
Report Overview
Global Vertical Farming
and Plant Factory Market Trends & Outlook
Vertical
Farming and Plant factory market worth was
estimated USD xx billion in the year 2018 and is anticipated to reach USD xx
billion in 2025 with a remarkable CAGR of around 40% during the projection
period. The consistent initiatives by states and industrial sector to curb
environmental harms because of global warming and pollution as well as to
maintain greenery contribute substantially to the growth of the vertical
farming across major cities in the world. Besides, citizens are also interested
in vertical farming due to compact spaces. The other factors inducing vertical
garden and plant factory market are year-around crop production, use of
abandoned spaces and sustainable urbanization. However, the high beginning
considerations, lack of specialized skills, and constraints on the assortment
of yields grown impede the vertical cultivating market.
Global Vertical Farming
and Plant Factory Market Overview
Plant Factory or vertical
Farming is typically a blocked surrounding wherein plants are developed
underneath artificial lights on racks stacked up one on other is Vertical
cultivating, plant factory (PF). Plant development is controlled to meet its
necessity and dispensed with destructive substances like poor climate
conditions and pesticides. Plant factory is scientifically controlled pasture
which is best for the plant development. It produces plants with consistent
cost, amount, and quality, assorting time, and selling cost also.
The Plant factory facility
accomplishes expanded crop-yield. Machines are fixed with the help of the robotic
innovation to improve the yield of the harvest and control weed. Robots
dispense with the herbicides creating a more secure harvest by keeping up
rigorous cleanliness and maintenance procedures. They control quality,
assortment, and freshness of plants working relentlessly every minute of every
day. Plant factories growing vegetables and organic products on racks have
improved the availability of crop with reliable quality and demonstrated skill
in regulating the production of the crop. Strawberries are an exceptional yield
crop developed through this procedure round the year.
Cultivation now no more
relies upon the climatic conditions as natural vegetables are grown nonstop.
The land territory for cultivating is dwindling day by day, leading to the
discovery of vertical farming and plant factory. The plants can be cultivated
in the confined territory in houses, creating a useful variety of crisp
nourishment reliably. Nature is constrained by LED light and making air and
climate arrangements making conditions ideal for the plants to develop. The
amount of temperature, carbon dioxide, light, and dampness focus level is
streamlined for fair climate and cultivation rate. It produces two to multiple
times more crop quickly than the regular fields.
Global Vertical Farming
and Plant Factory Market Segmentation
The Global Vertical
Farming & Plant Factory Market is segmented based on its Product Type,
Application, and regional demand. Based on its product type, the market is
divided into Aeroponics, Hydroponics, and Other. Based on its Application, the
market is divided into Vegetable Cultivation, Fruit Planting, and Other.
Geographically, the Global Vertical Farming and Plant Factory Market is divided into global regions like Europe, North America, Asia- Pacific, Middle East, LATAM, and Africa.
Regional Insights
North America holds the
largest market share in the Global Vertical Farming and Plant Factory Market
during the projection period. The market in the North American region is
growing with the rising demand for high-quality food and the exhibition of the
business alongside the conspicuous merchants working in the topography. The
exhibitions enlighten partners, entrepreneurs, and field showcasing
administrators. The various features and business-related parameters including,
new dispatches, procurement and mergers and new participants are talked about
widely during the research. All such events drive the growth of the market in
the region.
Competitive Landscape
The major players in the
Global Vertical Farming and Plant Factory Market include JCX LED, Weshine,
K-light, QEE Technology, Rosy Electronics, Ohmax Optoelectronic Lighting,
Zhicheng Lighting, Flow Magic, California LightWorks, Kessil, Kind LED Grow
Lights, Spectrum King Grow Lights, Cidly, Sunprou, Philips, OSRAM, Illumitex,
GE, Valoya, Everlight Electronics, Epistar, LumiGrow, LEDHYDROPONICS, Fionia
Lighting, Netled, Apollo Horticulture, Grow LED Hydro.
Scope of the Report
Attribute |
Details |
Years
Considered |
Historical data – 2015-2017 Base Year – 2018 Forecast –
2019 – 2025 |
Facts Covered |
Revenue in USD Billion |
Market Coverage |
U.S, Canada, Germany, UK,
France, Italy, Spain, Brazil, Mexico, Japan, South Korea, China, India, South
Korea UAE, South Africa, Saudi Arabia. |
Product/Service Segmentation |
By Product Type, By Application and By Region |
Key Players |
JCX
LED, Weshine, K-light, QEE Technology, Rosy Electronics, Ohmax Optoelectronic
Lighting, Zhicheng Lighting, Flow Magic, California LightWorks, Kessil, Kind
LED Grow Lights, Spectrum King Grow Lights, Cidly, Sunprou, Philips, OSRAM, Illumitex,
GE, Valoya, Everlight Electronics, Epistar, LumiGrow, LEDHYDROPONICS, Fionia
Lighting, Netled, Apollo Horticulture, Grow LED Hydroand other
prominent players. |
By Product Type
Ø Aeroponics
Ø Hydroponics
Ø Other
By Application
Ø Vegetable Cultivation
Ø Fruit Planting
Ø Other
By Region
Ø North America
Ø Europe
Ø Asia Pacific
Ø Middle East and Africa
Ø Latin America
The objective of the Study:
Ø To analyze and estimate the Global Vertical
Farming and Plant Factory Market size, in terms of value.
Ø To examine the market segmentation carefully and estimate the
market size, in terms of value, based on the region by segmenting the Global Vertical Farming and Plant Factory Market into five regions,
namely, North America, Europe, Asia Pacific, Rest of the World and their
leading countries.
Ø To outline, categorize and project the Global Vertical Farming and Plant Factory Market based on
Type, Application and Region.
Ø To examine competitive developments in product and devices used
for administration across different age-groups within the Global Vertical Farming and Plant Factory Market.
Ø To highlight market dynamics such as drivers, restraints,
opportunities, and challenges and their impact.
Ø To provide a detailed competitive landscape, including major players, their strategic profiles, and market shares.
Business Questions Answered by the Report:
Ø How will the market drivers, restraints, and opportunities
affect the market dynamics?
Ø What will be the market size in terms of value and volume and
market statistics with a detailed classification?
Ø Which segment dominates the market or region, and which one will
be the fastest-growing, and why?
Ø Who are the key players in the market, and what is their share?
Ø What is the strategy adopted by key players, and how does it affect
the existing and new players?
Customization Scope for the Client:
Client satisfaction is our first and last priority, and that is
why BlueWeave Consulting offers customization as per client’s specific needs.
The following customization options are available for the report:
Ø Additional Company Information
Ø Detail Analysis of five additional companies
Ø Additional country analysis
Ø Detailed segment analysis
1. Research Framework
1.1. Research
Objective
1.2. Product
Overview
1.3. Market
Segmentation
2. Research Methodology
2.1. Qualitative
Research
2.1.1.
Primary & Secondary Sources
2.2. Quantitative
Research
2.2.1.
Primary & Secondary Sources
2.3. Breakdown
of Primary Research Respondents, By Region
2.3.1.
Secondary Research
2.3.2.
Primary Research
2.4. Breakdown
of Primary Research Respondents
2.5. Market
Size Estimation
2.6. Assumption
for the Study
2.7. Market
Breakdown & Data Triangulation
3. Executive Summary
4. Global Vertical Farming and Plant
Factory Industry Insights
4.1. Industry
Value Chain Analysis
4.1.1.
Vendor Matrix
4.2. DROC
Analysis
4.2.1.
Growth Drivers
4.2.2.
Restraints
4.2.3.
Opportunities
4.2.4.
Challenges
4.3. Technological
Landscape
4.4. Regulatory
Framework
4.5. Company
market share analysis,2019
4.6. Porter’s
Five forces analysis
4.6.1.
Bargaining Power of Suppliers
4.6.2.
Bargaining Power of Buyers
4.6.3.
Threat of New Entrants
4.6.4.
Threat of Substitutes
4.6.5.
Intensity of Rivalry
4.7. Strategic
Outlook
5. Global Vertical Farming and Plant
Factory Market Overview
5.1. Market
Size & Forecast 2015-2025
5.1.1.
By Value (USD)
5.2. Market
Share & Forecast
5.2.1.
By Product Type
5.2.1.1.
Aeroponics
5.2.1.2.
Hydroponics
5.2.1.3.
Others
5.2.2.
By Offering
5.2.2.1.
Lighting
5.2.2.2.
Hydroponics Components
5.2.2.3.
Climate Control
5.2.2.4.
Sensors
5.2.3.
By Application
5.2.3.1.
Vegetable Cultivation
5.2.3.2.
Fruit Planting
5.2.3.3.
Others
5.2.4.
By Region
5.2.4.1.
North America
5.2.4.2.
Europe
5.2.4.3.
Asia Pacific
5.2.4.4.
Latin America
5.2.4.5.
Middle East & Africa
6. North America Vertical Farming and Plant
Factory Market
6.1. Market
estimates & forecast
6.1.1.
By Product Type
6.1.2.
By Offering
6.1.3.
By Application
6.1.4.
By Country
6.1.4.1.
U.S
6.1.4.2.
Canada
7. Europe Vertical Farming and Plant
Factory Market
7.1. Market
estimates & forecast
7.1.1.
By Product Type
7.1.2.
By Offering
7.1.3.
By Application
7.1.4.
By Country
7.1.4.1.
Germany
7.1.4.2.
U.K
7.1.4.3.
France
7.1.4.4.
Italy
7.1.4.5.
Rest of Europe
8. Asia Pacific Vertical Farming and Plant
Factory Market
8.1. Market
estimates & forecast
8.1.1.
By Product Type
8.1.2.
By Offering
8.1.3.
By Application
8.1.4.
By Country
8.1.4.1.
China
8.1.4.2.
India
8.1.4.3.
Japan
8.1.4.4.
Rest of APAC
9. Latin America Vertical Farming and Plant
Factory Market
9.1. Market
estimates & forecast
9.1.1.
By Product Type
9.1.2.
By Offering
9.1.3.
By Application
9.1.4.
By Country
9.1.4.1.
Brazil
9.1.4.2.
Argentina
9.1.4.3.
Rest of Latin America
10.Middle East & Africa Vertical
Farming and Plant Factory Market
10.1.
Market estimates & forecast
10.1.1.
By Product Type
10.1.2.
By Offering
10.1.3.
By Application
10.1.4.
By Country
10.1.4.1.
Saudi Arabia
10.1.4.2.
UAE
10.1.4.3.
South Africa
10.1.4.4.
Rest of MEA
11.Company Profile (Company Overview,
Financial Matrix, Key Product landscape, Key Personnel, Key Competitors,
Contact Address, and Strategic Outlook)*
11.1.
JCX LED
11.2.
Weshine
11.3.
K-light
11.4.
QEE Technology
11.5.
Rosy Electronics
11.6.
Ohmax Optoelectronic Lighting
11.7.
Zhicheng Lighting
11.8.
Flow Magic
11.9.
California LightWorks
11.10.
Kessil
11.11.
Kind LED Grow Lights
11.12.
Spectrum King Grow Lights
11.13.
Cidly
11.14.
Sunprou
11.15.
Philips
11.16.
OSRAM
11.17.
Illumitex
11.18.
Valoya
11.19.
Everlight Electronics
11.20.
Epistar
11.21.
LumiGrow
11.22.
LEDHYDROPONICS
11.23.
Fionia Lighting
11.24.
Netled
11.25.
Apollo Horticulture
11.26.
Grow LED Hydro
11.27.
Other Prominent Players
*
Financial information of non-listed Companies will be provided as per
availability
**The
segmentation and the companies are subjected to modifications based on in-depth
secondary for the final deliverable
Market Segmentation
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