Report Description
A recent market intelligence report that is published by Data Insights Partner on the global Vertical Farming and Plant Factory Market makes an offering of in-depth analysis of segments and sub-segments in the regional and international Vertical Farming and Plant Factory Market. The research also emphasizes on the impact of restraints, drivers, and macro indicators on the regional and global Vertical Farming and Plant Factory Market over the short as well as long period of time. A detailed presentation of forecast, trends, and dollar values of global Vertical Farming and Plant Factory Market `is offered. In accordance with the report, the global Vertical Farming and Plant Factory Market is projected to expand at a CAGR of 23.1% over the period of forecast.
Market Insight, Drivers, Restraints& Opportunity of the Market:
Vertical farming and plant factory as the name suggest is a man-made process of producing food. Vertical farm and plant factories are factories consisting of various shelves where various foods are mechanically produced by creating an atmosphere which replicates the original atmosphere. This artificial environment is created by adopting greenhouse techniques, use of LED lights and many more. These factories yield food produce many times of that produced in the natural procedure and is less time consuming. The growing population is leading to the growing demand for food crops. Dependence on natural environment cannot meet the sufficient human need because of fluctuation climatic conditions. This is the primary motive for the development of this food production structure and its market. The growing population not only needs the food to live but also the shelter to survive. The growing need for residential allocation due to rising population and other complementary things associated with it is reducing the availability of land for cultivation. To avoid the outcome of the interaction of rising mouths to feed and lowering production of food crops, the vertical farming and plant factory market is gaining momentum. The intensifying of the problem of dropping down of water level and rising dry spell can be fought with the growth of the vertical farming and plant factory market. Also, the surging popularity of organic food is driving the growth of this market. Stabilizing the prices of the basic food crops by maintaining production throughout the year can be assumed to be a hidden agenda for the development of vertical farming and plant factory market.
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The development of vertical farming and plant factory requires a lot of capital investment in the initial stages to purchase specialized equipment that can be used to create man-made climatic conditions. Insufficient capital investment is hindering the growth of this market. The usage of vertical farming and plant factory can produce a limited variety of crops like green crops, lettuces, tomatoes and so on. This factor is restraining the growth of the vertical farming and plant factory market.
The acute shortage of non-renewable resources like the depleting water resources that are essential for cultivating food crops is likely to provide an opportunity for the growth of this market. Also, the government is coming forward to promote and provide incentives for the production in vertical farming and plant factory, this is a great chance for new companies to kickstart in this market. The heightening population, falling availability of land for cultivation and research and development in this field is a good set of circumstances for the growth of the vertical farming and plant factory market.
Segment Covered:
This market intelligence report on the global Vertical Farming and Plant Factory Market encompasses market segments based on product type, application, and country/regions.
By product type, the Vertical Farming and Plant Factory Market is segregated into,
Hydroponics
Aeroponics
Others
By Application, the Vertical Farming and Plant Factory Market is classified into,
Fruit Planting
Vegetable Cultivation
Others
By country/region, the Vertical Farming and Plant Factory Market is divided into,
North America (the U.S., Canada),
Latin America (Brazil, Mexico, Argentina and other countries),
Europe (Germany, France, the U.K., Spain, Italy, Russia, and other countries),
Asia Pacific (India, Japan, China, Australia and New Zealand and other countries),
Middle East and Africa (GCC, South Africa, Israel and Other countries).
Profiling of Market Players:
This business intelligence report offers profiling of reputed companies that are operating in the market. Companies such as
JCX LED
Cidly
Spectrum King Grow Lights
Weshine
Valoya
OSRAM
Epistar
Apollo Horticulture
GE
LumiGrow
Illumitex
LEDHYDROPONICS
QEE Technology
Fionia Lightening
Flow Magic
Other players have been profiled into detail so as to offer a glimpse of the market leaders. Moreover, parameters such as Vertical Farming and Plant Factory Market related investment & spending and developments by major players of the market are tracked in this global report.
Report Highlights:
In-depth analysis of the micro and macro indicators, market trends, and forecasts of demand is offered by this business intelligence report. Furthermore, the report offers a vivid picture of the factors that are steering and restraining the growth of this market across all geographical segments. In addition to that, Growth Matrix analysis is also provided in the report so as to share insight of the investment areas that new or existing market players can take into consideration. Various analytical tools such as DRO analysis, Porter’s five forces analysis has been used in this report to present a clear picture of the market. The study focuses on the present market trends and provides market forecast from the year 2020-2028. Emerging trends that would shape the market demand in the years to come have been highlighted in this report. A competitive analysis in each of the geographical segments gives an insight into market share of the global players.
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Salient Features:
Ø This study offers comprehensive yet detailed analysis of the Vertical Farming and Plant Factory Market, size of the market (US$ Mn), and Compound Annual Growth Rate (CAGR (%)) for the period of forecast: 2020 – 2028, taking into account 2019 as the base year
Ø It explains upcoming revenue opportunities across various market segments and attractive matrix of investment proposition for the said market
Ø This market intelligence report also offers pivotal insights about various market opportunities, restraints, drivers, launch of new products, competitive market strategies of leading market players, emerging market trends, and regional outlook
Ø Profiling of key market players in the world Vertical Farming and Plant Factory Market is done by taking into account various parameters such as company strategies, distribution strategies, product portfolio, financial performance, key developments, geographical presence, and company overview
Ø Leading market players covered this report comprise names such as Flow Magic, GE, Epistar, Illumitex, OSRAM, Apollo Horticulture, Weshine, Cidly and many more.
Ø The data of this report would allow management authorities and marketers of companies alike to take informed decision when it comes to launch of products, government initiatives, marketing tactics and expansion, and technical up gradation
Ø The world market for Vertical Farming and Plant Factory Services caters to the needs of various stakeholders pertaining to this industry, namely suppliers, manufacturers, investors, and distributors for Vertical Farming and Plant Factory Market. The research also caters to the rising needs of consulting and research firms, financial analysts, and new market entrants
Ø Research methodologies that have been adopted for the purpose of this study have been clearly elaborated so as to facilitate better understanding of the reports
Ø Reports have been made based on the guidelines as mandated by General Data Protection Regulation
Ø Ample number of examples and case studies have been taken into consideration before coming to a conclusion
Reasons to buy:
v Identify opportunities and plan strategies by having a strong understanding of the investment opportunities in the Vertical Farming and Plant Factory Market
v Identification of key factors driving investment opportunities in the Vertical Farming and Plant Factory Market
v Facilitate decision-making based on strong historic and forecast data
v Position yourself to gain the maximum advantage of the industry’s growth potential
v Develop strategies based on the latest regulatory events
v Identify key partners and business development avenues
v Respond to your competitors’ business structure, strategy and prospects
v Identify key strengths and weaknesses of important market participants
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