1. © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Vertical Farming Market share to grow at 27% CAGR from 2017–2024: Global Market Insights Inc.

2. © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com  Vertical Farming industry analysis is covered in this latest research report that aims to help those taking daily business decisions by providing market trends information, competitive landscape scenario, forecasts and more.  Vertical Farming Market size will cross USD 13 billion by 2024 according to a new research report by Global Market Insights, Inc.  Vertical farming market is relatively providing impetus for growth in indoor farming sector due to the advent of LED lights and growth mechanism such as aeroponics, hydroponics etc. Low labor costs, location of vertical farms closer to consumer bases, accessibility to fresh produce, zero pesticides usage are the key vertical farming market dynamics sprouting up the growth.  In terms of technology, hydroponics will continue to hold lion’s share by 2024, However aeroponics and aquaponics growth mechanism are likely to exhibit rapid gains during the forecast period taking up the market share of hydroponics. Key Insights from Vertical Farming Market :

3. © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com  Research and developments across the globe has led the various technology companies to venture into vertical farming on a small scale. New entrants in the vertical farming market are installing prototype models of their system in research institutes and laboratories to study the feasibility of commercialization of this technology. Existing producers of crops from vertical farming are conducting various experiments on their plants to maximize their production and enhance quality of their yield. However, the limitation of crop assortments that can be grown, high energy consumption, high initial set up costs hinder the adoption of vertical farming.  In terms of applications, growing crops in indoor environments such as warehouses, shipping containers and parking areas will account for more than 70% share in 2024 due to space constraints in various urban cities. The burgeoning practice of controlled-environment agriculture (CEA) is set to revolutionize the indoor vertical farming market. Vertical farming in outdoor environments such as skyscrapers, barren lands, desserts etc. is also gaining acceptance though slow on the uptake. Continued...

4. © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com  Declining food self-sufficiency rates and arable land in Singapore, China, Japan has led the vertical farming market in Asia-Pacific to grow at a rapid pace. Asia- Pacific vertical farming market is foreseen to surpass USD 4 billion by 2024. Asia’s government is supporting indoor agriculture industry more than any other government globally. The support ranges from national policy initiatives to subsidies. Lack of space in urban environments and water scarcity in Middle East who wants to reduce the reliance on food imports will push for the adoption of vertical farming concept in the region. Netherlands, Belgium, Germany and U.K. are the major European countries opting for vertical farming and constitutes major share of overall European region.  Vertical farming market is at a nascent stage with key players such as General Hydroponics, Aerofarms, Plantagon International AB, Urban Crop Solutions, Sky Greens, Green Spirit Farms, Spread co Ltd, Mirai Co.Ltd., American Hydroponics etc. Major organizations that deal in equipment, specifically for vertical farming are EVERLIGHT ELECTRONICS CO., LTD (Taiwan), illumitex (Texas), and Koninklijke Philips NV (Netherlands). The costs of production differ based on the crop grown, technology leveraged, and installing equipment. Continued...

5. © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com U.S. Vertical Farming Market Size, By Technology, 2013 - 2024 (USD Million)

6. © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Browse Full Market Research Report On Vertical Farming Market @ http://bit.ly/2ryeWIO http://bit.ly/2ryeWIO Request for a Sample of this Research Report @ https://www.gminsights.com/request-sample/detail/1525

7. © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com  By Product Trends Vertical farming product market comprises of equipment, fruits, vegetables & herbs and aquatic species. Lettuce, strawberries, tomatoes and leafy greens are the most grown fruits and vegetables across different regions. Lettuce accounted for approximately 30% of the overall fruits, vegetables & herbs market.  By Technology Trends The global vertical farming market in terms of technology is segmented into hydroponics, aeroponics and aquaponics. Across different regions, Growing crops through hydroponics technology in vertical farming market is predominant and accounted for more than 50% share in 2016. The economics of growing crops through hydroponic mechanism is its key driver for vertical farming market expansion.  Competitive Market Share The key players involved in the vertical farming market are Aerofarms, General Hydroponics, Plantagon International AB, Sky Greens, Urban Crop Solutions, Green Spirit Farms, American Hydroponics, Spread co Ltd, Mirai Co.Ltd. 360° Analysis

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