North America Aeroponics Farming Market Report Examines Top Company Analysis Forecast by 2025
The global market status for North America Aeroponics Farming is precisely examined through a smart research report added to the broad database managed by Facto Market Insights. The study discusses the prime market growth factors along with future projections expected to impact the North America Aeroponics Farming Market during the period between 2017 and 2025. Furthermore, readers can gather knowledge about the economic status, demographics and competitive landscape which is prevailing in the concerned industry. In addition, a deep analysis of the competitive landscape, including prime market players is also enclosed in this report.
Aeroponics system offers the possibility to enhance crop production and diminish costs as compared to traditional farming methods or to any other alternate technique of farming. This system successfully utilizes every vertical distance for either farming or production of the greenhouse.
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Plants are suspended in an enclosed setting and water, mixed with plant food, is sprayed onto the roots. Aeroponics systems are frequently employed in an enclosed environment such as a greenhouse so that the temperature and humidity can be accurately regulated. Although sunlight is the principal light source, some additional lighting such as LED lights may be added.
U.S. has presence of some the agro giants such as Aero Farms, Living Greens Farms, and Bowery Farming, which make it the highest revenue generator in the aeroponics farming market. On October 6, 2018, Living Greens Farm constructed a 60,000 square feet of stacked growing space, and is also capable of producing three million heads of high-quality lettuce. The $6 million Living Greens Farm near Faribault is expected to be the second largest aeroponics indoor operation farm in the world. The firm plans to produce as much lettuce indoors as would be produced by 100 times the farmland, using 95% less water, no pesticides, herbicides, or other chemicals.
Factors such as increase in popularity of organic foods, limited arable land for agriculture, and rise in popularity of disease-free environment in agriculture drive the growth of the aeroponics farming market. However, high initial investment to acquire the technology acts as a major barrier, which hampers the market growth. Conversely, rise in urban population and technological advancements replacing traditional farming methods are expected to offer remunerative opportunities for market expansion.
The North America aeroponics farming market is segmented based on component and country. By component, the market is classified into irrigation component, lightning, sensor, climate control, building material, and others. Country wise, the market is analyzed across the U.S., Canada, and Mexico.
The key players profiled in this report include Evergreen Farm Grow360, Bright Agrotech (Plenty), Freight Farms, and Aerofarms.
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KEY BENEFITS FOR STAKEHOLDERS
• This study includes the analytical depiction of the aeroponics farming along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information regarding the key drivers, restraints, and opportunities.
• The current market is quantitatively analyzed from 2017 to 2025 to highlight the financial competency of the industry.
• Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.
Chapter: 1:INTRODUCTION
1.1.REPORT DESCRIPTION
1.2.KEY BENEFITS FOR STAKEHOLDERS
1.3.STAKEHOLDERS
1.4.KEY MARKET SEGMENTS
1.5.RESEARCH METHODOLOGY
1.5.1.Primary research
1.5.2.Secondary research
1.5.3.Analyst tools and models
Chapter: 2:MARKET OVERVIEW
2.1.MARKET DEFINITION AND SCOPE
2.2.EVOLUTION AND TRENDS
2.3.CHALLENGES AND SOLUTIONS
2.3.1.Market need
2.3.1.1.Promotes fast and healthy plant growth
2.3.1.2.Requires small place for agricultural production
2.3.1.3.Year round cultivation
2.3.2.Drivers
2.3.2.1.Increase in popularity of organic food
2.3.2.2.Limited arable land for traditional agriculture
2.3.2.3.Popularity of disease-free environment in agriculture
2.3.3.Opportunities
2.3.3.1.Increased in urban population
2.3.3.2.Technological advancement replacing traditional farming techniques
2.3.4.Challenges
2.3.4.1.High initial investment cost
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