Europe Vertical Farming Market was worth USD 0.85 billion in 2021 and is expected to be growing at a CAGR of 22%, to touch USD 2.31 billion by 2026.
Vertical Farming is the latest development in farming, wherein control is exercised over the environmental influences which affect plants or crops. In the Vertical Farming process, foods and medicines are produced in vertically stacked layers, inclined surfaces, and/or in structures like warehouses, shipping containers, skyscrapers, etc.
With the introduction of Controlled-Environment-Agriculture(CEA) and indoor farming techniques, Vertical Farming techniques control factors like the amount of light, environmental factors like temperature, humidity, gases, etc., and fertigation factors which include the application of fertilizers and other soil products. In some Vertical Farms, natural light is used in conjunction with artificial lighting and metal reflectors, similar to greenhouses.
The major driving force of the Europe market is the increasing consumer demand for organic foods, foods free from pesticides and genetically modified organisms (GMOs) is the major driving force of the market. The utility of artificial lighting to enhance the yield, health, and growth rate of plants coupled with lower dependency on the weather for production is driving the market from the producer side. The above factors accompanied by the growth in the use of technology such as the Internet of Things in Vertical Farming and an increase in the annual production of crops are predicted to exponentially boost the market growth. High costs of lighting equipment and continuous maintenance requirement are the constraints faced by the Vertical Farming market.
REPORT COVERAGE:
|
REPORT METRIC |
DETAILS |
|
Market Size Available |
2021– 2026 |
|
Base Year |
2020 |
|
Forecast Period |
2021- 2026 |
|
CAGR |
22% |
|
Segments Covered |
By Growth Mechanism, By Structure, By Offering |
|
Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
|
Regions Covered |
Germany, the U.K, France, Spain, and Italy |
|
Market Leaders Profiled |
Illumitex Inc. (U.S.), Aerofarms (U.S.), Koninklijke Philips N.V. (The Netherlands), and Sky Greens (Singapore) among others. |
Market Segmentation:
The Europe Vertical Farming market is segmented by
Geographical Analysis:
The Europe market has been geographically segmented into Germany, the U.K, France, Spain, and Italy. In 2020Europe had the second-highest share of the global Vertical Farming market share due to consumer demand and technological advances & availability in the Vertical Farming market in Europe. Further, France is in the lead, followed by Germany, Spain, Italy, and the United Kingdom. Currently, in Europe, land farmers are moving from providing land-based to Vertical Farming methods because of the benefits they offer. This is being majorly promoted by the increasing technological feasibility of vertical farming methods.
Key Players:
The key players involved in the growth of the Europe vertical farming market are Illumitex Inc. (U.S.), Aerofarms (U.S.), Koninklijke Philips N.V. (The Netherlands), and Sky Greens (Singapore) among others.
1. Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemiology
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 Growth Mechanism
5.1.1 Introduction
5.1.2 Hydroponics
5.1.3 Aeroponics
5.1.4 Aquaponics
5.1.5 Y-o-Y Growth Analysis, By Growth Mechanism
5.1.6 Market Attractiveness Analysis, By Growth Mechanism
5.1.7 Market Share Analysis, By Growth Mechanism
5.2 Structure
5.2.1 Introduction
5.2.2 Building Based
5.2.3 Shipping Container
5.2.4 Y-o-Y Growth Analysis, By Structure
5.2.5 Market Attractiveness Analysis, By Structure
5.2.6 Market Share Analysis, By Structure
5.3 Offering
5.3.1 Introduction
5.3.2 Hardware
5.3.3 Software
5.3.4 Service
5.3.5 Y-o-Y Growth Analysis, By Offering
5.3.6 Market Attractiveness Analysis, By Offering
5.3.7 Market Share Analysis, By Offering
5.4 Crop Type
5.4.1 Introduction
5.4.2 Y-o-Y Growth Analysis, By Crop Type
5.4.3 Market Attractiveness Analysis, By Crop Type
5.4.4 Market Share Analysis, By Crop Type
6. Geographical Analysis
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Geographical Area
6.1.3.2 By Growth Mechanism
6.1.3.3 By Structure
6.1.3.4 By Offering
6.1.3.5 By Crop Type
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Geographical Area
6.1.4.2 By Growth Mechanism
6.1.4.3 By Structure
6.1.4.4 By Offering
6.1.4.5 By Crop Type
6.1.5 Market Share Analysis
6.1.5.1 By Geographical Area
6.1.5.2 By Growth Mechanism
6.1.5.3 By Structure
6.1.5.4 By Offering
6.1.5.5 By Crop Type
6.2 U.K
6.3 Spain
6.4 Germany
6.5 Italy
6.6 France
7. Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 Sky Greens
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Aerofarms
8.3 Illumitex
8.4 Koninklijke Philips N.V
8.5 Everlight Electronics
8.6 Green Sense Farms LLC
8.7 Agrilution
8.8 American Hydroponics
8.9 Urban Crops
8.10 Vertical Farm Systems
8.11 Indoor Harvest Corporation
8.12 American Hydroponics
8.13 Moflo Aeroponics
8.14 SPREAD
8.15 Mirai
8.16 Freight Farms
8.17 Bright Farms
8.18 Plantagon International AB
8.19 Gills N Claws Pte Ltd
8.20 Alesca Life
8.21 General Hydroponics
8.22 Heliospectra AB
8.23 GrowUp Urban Farms
8.24 Ecobains Gardens
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Market Outlook and Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
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