A BUSINESS FRAMEWORK FOR VERTICAL FARMING
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.
Vertical farming is the practice of growing crops in vertically stacked layers. It often incorporates controlled-environment agriculture, which aims to optimize plant growth, and soilless farming techniques such as hydroponics, aquaponics, and aeroponics. Some common choices of structures to house vertical farming systems include buildings, shipping containers, tunnels, and abandoned mine shafts.
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The main advantage of utilizing vertical farming technologies is the increased crop yield that comes with a smaller unit area of land requirement. The increased ability to cultivate a larger variety of crops at once because crops do not share the same plots of land while growing is another sought-after advantage. Additionally, crops are resistant to weather disruptions because of their placement indoors, meaning less crops lost to extreme or unexpected weather occurrences. Lastly, because of its limited land usage, vertical farming is less disruptive to the native plants and animals, leading to further conservation of the local flora and fauna.
The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the vertical farming in these regions.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the vertical farming market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- 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
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