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Europe Vertical Farming Market By Growth Mechanism (Hydroponics, Aeroponics And Aquaponics), By Structure (Building Based And Shipping Container), By Offering (Hardware, Software, And Service), By Crop Type And By Region - Industry Analysis, Size, Share, Growth, Trends, And Forecast 2022 to 2027

Published: January, 2022
ID: 2696
Pages: 145
Formats: report pdf report excel report power bi report ppt

Europe Vertical Farming Market Trends 2026:

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

  • Growth Mechanism
    • Hydroponics
    • Aeroponics
    • Aquaponics
  • Structure
    • Buildings
    • Shipping
    • Containers
  • Offering
    • Hardware
    • Software
    • Service
  • Crop Type

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.

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