The competitive landscape for the global vertical farming market demonstrates a pattern toward an inclination of companies adopting strategies such as mergers, collaborations, product launches, and contracts, among others. Moreover, the industry is at an incipient stage; thus, to generate greater awareness about the same, the market players are either organizing or taking part in several events.
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Some of the leading companies operating in the global vertical farming market are AeroFarms, Plenty Unlimited Inc., Kalera, AppHarvest, Heliospectra AB, Signify Holding, OSRAM GmbH., EVERLIGHT ELECTRONICS CO., LTD., and SPREAD Co., Ltd. In addition to this, AeroFarms, Plenty Unlimited Inc., were the most prominent names that surfaced in the global vertical farming market. These companies launched a range of lighting products and entered various partnerships and collaborations. For instance, in March 2021, AeroFarms and Hortifrut announced a research and development (R&D) partnership to advance the production of blueberry and cranberry in vertical farms. In October 2020, Driscoll announced a partnership with Plenty Unlimited Inc. to grow strawberries year-round in Plenty’s indoor farms.
The agriculture sector has been witnessing various technological advancements that have led to the development of various types of agriculture techniques. Advancements of technology include help in preventing hazards and pesticides in the farms, helps in crops production, and help in enhancing the quality of crops.
In addition to this, vertical farming is a system of crop production which involves the integration of numerous technologies such as big data analytics, robotics, the internet of things, and artificial intelligence. Such technologies help the crops to grow well without any agronomic constraints. Vertical farming depends on some technologies to observe the crops constantly to maintain temperature, humidity, lights, and air circulation in the farm. Advanced technologies utilized in vertical farming also help in crop production, harvesting schedules, and quality control. It also helps farms to adapt and avoid new or unexpected hazards in their paths.
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The global vertical farming market research study offers a broad perspective on the analysis of the industry. The research is based on extensive primary interviews (in-house experts, industry leaders, and market players) and secondary research (a host of paid and unpaid databases), along with the analytical tools that have been used to build the forecast and the predictive models.
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