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QYResearch: The global vertical farming market is estimated to be worth 5903.75 million USD by 2022 QYResearch Research Report Market Survey and Research Industry Analysis
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QYResearch Vertical Farming is a system of growing food in vertically stacked rows and columns using Controlled Environment Agriculture technology to control light, humidity, temperature, gases, nutrients and fertigation. They have less environmental impact and require less energy and water than traditional farms, yet they can grow substantially more food over less acreage, they can operate year-round and these farms can be located anywhere: urban, rural or suburban
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QYResearch Increasing inclination towards healthy food without pesticides, rising urban population and no weather related crop failures are the factors favoring the market growth. However, limited variety of crops, high initial investment and lack of technical insights are the restraining factors for vertical farming market. Rapidly increasing city population has made farm land inadequate for cultivation, so there is need for alternative farming techniques which acts as opportunity for vertical farming. Vertical farms in urban areas are a relatively new phenomenon, but interest in this approach is growing, and the number of vertical farms is expanding every year. There are several variations of vertical farms being tested throughout the world, and new innovations and technology will likely increase the energy efficiency and profit margins of these farms in the future. In the near term, most vertical farms will focus on high-return and short-rotation crops such as salad greens, with nearby restaurants often buying all of the production. Whether vertical farms will become more widespread is uncertain, but the innovative vertical farms currently under construction or already in production are being closely observed by urban planners and the sustainable agriculture community.
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QYResearch According to QYResearch, the global vertical farming market was valued 1301.48 million USD in 2017, and is estimated to be worth 5903.75 million USD by 2022, with the average annual growth rate of 35.31% from 2017 to 2022. In terms of Acreage, the global vertical farming accounted for 13754600 Sq.ft. in 2017, and is anticipated to reach 40618263 Sq.ft.by 2022. Overall, the lentinan products performance is positive.
Based on functional device, lighting segment is likely to dominate the vertical farming market during the forecast period, due to the replacement of traditional lighting systems by energy-efficient LEDs. And LEDs lighting takes a large proportion in the costs of vertical farming. The main LEDs suppliers for vertical farming include Philips, Illumitex, etc. USA is the dominate producer of vertical farming industry, the production is 7232MT in 2015, according for about 35.31%% of the total amount, followed by Japan, with the production market share of 25.72%.
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QYResearch Due to the high cost of energy, and construction, the price of plants harvested from vertical farms is very high. Therefore, the market of vertical farming is limit. Although some farms can generate income through open to visitors, they are still in the situation of moneylosing operation. The gross margin of most companies is negative. More Info: http://www.qyresearchglobal.com/goods-885071.html
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