Harvest (tomatoes, leafy vegetables, herbs), end use (food retail and food service) and cultivation technology (hydroponics, aeroponics and aquaponics)

Dublin, April 29, 2021 (GLOBE NEWSWIRE) – The “Vertical Crops Market Forecast to 2027 – COVID-19 Impact and Global Analysis by Crop Type (Tomatoes, Leafy Vegetables, Herbs, and Others), End Use (Grocery Retail and Food Service), and Farming Technique (Hydroponics, Aeroponics, and Aquaponics) “Report was added ResearchAndMarkets.com Offer.

The vertical arable crops market was valued at $ 239.90 million in 2019 and is expected to reach $ 1,021.33 million by 2027. It is expected to grow at a CAGR of 20.0% from 2019 to 2027.

Vertical farming is primarily the production of crops grown in vertical layers, stacked horizontally, or other three-dimensional configurations. Most commercial vertical farms produce plants indoors, including buildings, using light emitting diodes (LEDs) as the only source of light.

While some other vertical farms exist in greenhouses, the variability in light intensity caused by shading from plants and the structures above makes it difficult to produce a uniform crop. The increasing demand for new, locally grown and pesticide-free products and the limited availability of arable land for traditional farming have increased the demand for vertical agricultural crops worldwide.

The leafy vegetable segment had the largest market share in 2019, and the herb segment is expected to have the highest CAGR in the market during the forecast period. Leafy vegetables are a suitable choice for indoor farming because they can be grown quickly and in a relatively small space. Growing food security and nutrition concerns are also likely to boost demand for leafy vegetables over the forecast period.

As the consumer trend moves towards “farm-to-table”, the demand for freshly harvested green vegetables in retail stores is expected to increase. Compared to traditional free-range farming, vertical farms have lower land use requirements and fewer CO2 emissions from transport. They are up to 90% more water efficient. The increasing investment in research into growing leafy vegetables indoors offers lucrative opportunities for market growth.

By region, the vertical arable crops market is divided into North America, Europe, Asia-Pacific, South America, and the Middle East and Africa. North America holds the largest market share, followed by Europe. In addition, the USA dominates the vertical market for agricultural crops in North America, followed by Canada and Mexico respectively. The increasing demand for food and the lack of arable land are driving the market in this region.

Major players in the arable crops vertical market include AeroFarms; Agricool; Bowery Farming Inc .; CropOne; In the farm; Plantlab; Plenty Unlimited Inc .; Gotham Greens; MIRAI Co., Ltd .; and BrightFarms.

The story goes on

Main topics covered:

1 Introduction

2. Key takeaways

3. Research methodology
3.1 Scope of the study
3.2 Research methodology

4. Vertical Agricultural Crops Market Landscape
4.1 Market overview
4.2 Pest analysis
4.3 Expert opinion

5. Vertical Agriculture Market – Key Market Dynamics
5.1 Market drivers
5.1.1 Growing demand for fresh, pesticide-free and locally grown produce
5.1.2 Limited availability of arable land for conventional agriculture
5.2 Market Restrictions
5.2.1 High initial investment
5.3 Market Opportunities
5.3.1 Growing demand for vertical agriculture in densely populated urban areas
5.4 Future trends
5.4.1 AI controlled vertical farms
5.5 Impact analysis of drivers and restraint systems

6. Vertical Crops – Global Market Analysis
6.1 Market overview of vertical crops
6.2 Vertical Agricultural Crops Market – Revenue and Forecast to 2027 (in Million USD)
6.3 Market Positioning – Main Market Participants

7. Vertical Agriculture Market Analysis – By Crop Type
7.1 Overview
7.2 Vertical Agriculture Market by Crop Type (2019 and 2027)
7.3 tomato
7.4 Leaf vegetables
7.5 herbs

8. Vertical Agriculture Market Analysis – By Use
8.1 Overview
8.2 Vertical Crops Market by Use (2019 and 2027)
8.3 Grocery retail
8.4 Catering service

9. Vertical Agriculture Market Analysis – By Cultivation Techniques
9.1 Overview
9.2 Vertical Agricultural Crops Market by Cultivation Techniques (2019-2027)
9.3 Hydroponics
9.4 Aeroponics
9.5 Aquaponics

10. Vertical Crops Market – Geographical Analysis
10.1 Overview

11. Impact of the COVID-19 Pandemic on the Global Vertical Crops Market
11.1 Overview

12. Industrial landscape
12.1 Overview
12.2 Strategy & Business Planning
12.3 Merger and Acquisition

13. Important company profiles

  • AeroFarms

  • Agricool

  • Bowery Farming Inc.

  • CropOne

  • In the farm

  • Plantlab

  • Plenty Unlimited Inc.

  • Gotham Greens

  • MIRAI Co., Ltd.

  • BrightFarms

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