The global Vertical Farming and Plant Factory market was valued at 141.19 Million USD in 2020 and will grow with a CAGR of 40.12% from 2020 to 2027, based on newly published report.
The prime objective of this report is to provide the insights on the post COVID-19 impact which will help market players in this field evaluate their business approaches. Also, this report covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).
Prime agricultural land can be scarce and expensive. With worldwide population growth, the demand for both more food and more land to grow food is ever increasing. One solution to our need for more space is vertical farming, involves growing crops in controlled Vegetable Cultivation environments, with precise light, nutrients, and temperatures. In vertical farming, growing plants are stacked in layers that may reach several stories tall.The major plants produced in vertical farming and plant factory include vegetable cultivation, fruit planting and other, etc. Vegetable cultivation occupied 84.92% of the global sales. We tend to believe this industry is a rising industry, and the consumption increasing degree will show a smooth growth curve. The price presents fluctuation according to the economy development status. Also, there is fluctuation in gross margin.
By Market Verdors:
AeroFarms
Gotham Greens
Plenty (Bright Farms)
Lufa Farms
Beijing IEDA Protected Horticulture
Green Sense Farms
Garden Fresh Farms
Mirai
Sky Vegetables
TruLeaf
Urban Crops
Sky Greens
GreenLand
Scatil
Jingpeng
Metropolis Farms
Plantagon
Spread
Sanan Sino Science
Nongzhong Wulian
By Types:
Hydroponics
Aeroponics
By Applications:
Vegetable Cultivation
Fruit Planting
Key Indicators Analysed
Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.
Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.
Market Trends: Market key trends which include Increased Competition and Continuous Innovations.
Opportunities and Drivers: Identifying the Growing Demands and New Technology
Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.
Key Reasons to Purchase
To gain insightful analyses of the market and have comprehensive understanding of the global market and its commercial landscape.
Assess the production processes, major issues, and solutions to mitigate the development risk.
To understand the most affecting driving and restraining forces in the market and its impact in the global market.
Learn about the market strategies that are being adopted by leading respective organizations.
To understand the future outlook and prospects for the market.
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1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered: Ranking by Vertical Farming and Plant Factory Revenue
1.4 Market Analysis by Type
1.4.1 Global Vertical Farming and Plant Factory Market Size Growth Rate by Type: 2021 VS 2027
1.4.2 Hydroponics
1.4.3 Aeroponics
1.5 Market by Application
1.5.1 Global Vertical Farming and Plant Factory Market Share by Application: 2022-2027
1.5.2 Vegetable Cultivation
1.5.3 Fruit Planting
1.6 Study Objectives
1.7 Years Considered
1.8 Overview of Global Vertical Farming and Plant Factory Market
1.8.1 Global Vertical Farming and Plant Factory Market Status and Outlook (2016-2027)
1.8.2 North America
1.8.3 East Asia
1.8.4 Europe
1.8.5 South Asia
1.8.6 Southeast Asia
1.8.7 Middle East
1.8.8 Africa
1.8.9 Oceania
1.8.10 South America
1.8.11 Rest of the World
2 Market Competition by Manufacturers
2.1 Global Vertical Farming and Plant Factory Production Capacity Market Share by Manufacturers (2016-2021)
2.2 Global Vertical Farming and Plant Factory Revenue Market Share by Manufacturers (2016-2021)
2.3 Global Vertical Farming and Plant Factory Average Price by Manufacturers (2016-2021)
2.4 Manufacturers Vertical Farming and Plant Factory Production Sites, Area Served, Product Type
3 Sales by Region
3.1 Global Vertical Farming and Plant Factory Sales Volume Market Share by Region (2016-2021)
3.2 Global Vertical Farming and Plant Factory Sales Revenue Market Share by Region (2016-2021)
3.3 North America Vertical Farming and Plant Factory Sales Volume
3.3.1 North America Vertical Farming and Plant Factory Sales Volume Growth Rate (2016-2021)
3.3.2 North America Vertical Farming and Plant Factory Sales Volume Capacity, Revenue, Price and Gross Margin (2016-2021)
3.4 East Asia Vertical Farming and Plant Factory Sales Volume
3.4.1 East Asia Vertical Farming and Plant Factory Sales Volume Growth Rate (2016-2021)
3.4.2 East Asia Vertical Farming and Plant Factory Sales Volume Capacity, Revenue, Price and Gross Margin (2016-2021)
3.5 Europe Vertical Farming and Plant Factory Sales Volume (2016-2021)
3.5.1 Europe Vertical Farming and Plant Factory Sales Volume Growth Rate (2016-2021)
3.5.2 Europe Vertical Farming and Plant Factory Sales Volume Capacity, Revenue, Price and Gross Margin (2016-2021)
3.6 South Asia Vertical Farming and Plant Factory Sales Volume (2016-2021)
3.6.1 South Asia Vertical Farming and Plant Factory Sales Volume Growth Rate (2016-2021)
3.6.2 South Asia Vertical Farming and Plant Factory Sales Volume Capacity, Revenue, Price and Gross Margin (2016-2021)
3.7 Southeast Asia Vertical Farming and Plant Factory Sales Volume (2016-2021)
3.7.1 Southeast Asia Vertical Farming and Plant Factory Sales Volume Growth Rate (2016-2021)
3.7.2 Southeast Asia Vertical Farming and Plant Factory Sales Volume Capacity, Revenue, Price and Gross Margin (2016-2021)
3.8 Middle East Vertical Farming and Plant Factory Sales Volume (2016-2021)
3.8.1 Middle East Vertical Farming and Plant Factory Sales Volume Growth Rate (2016-2021)
3.8.2 Middle East Vertical Farming and Plant Factory Sales Volume Capacity, Revenue, Price and Gross Margin (2016-2021)
3.9 Africa Vertical Farming and Plant Factory Sales Volume (2016-2021)
3.9.1 Africa Vertical Farming and Plant Factory Sales Volume Growth Rate (2016-2021)
3.9.2 Africa Vertical Farming and Plant Factory Sales Volume Capacity, Revenue, Price and Gross Margin (2016-2021)
3.10 Oceania Vertical Farming and Plant Factory Sales Volume (2016-2021)
3.10.1 Oceania Vertical Farming and Plant Factory Sales Volume Growth Rate (2016-2021)
3.10.2 Oceania Vertical Farming and Plant Factory Sales Volume Capacity, Revenue, Price and Gross Margin (2016-2021)
3.11 South America Vertical Farming and Plant Factory Sales Volume (2016-2021)
3.11.1 South America Vertical Farming and Plant Factory Sales Volume Growth Rate (2016-2021)
3.11.2 South America Vertical Farming and Plant Factory Sales Volume Capacity, Revenue, Price and Gross Margin (2016-2021)
3.12 Rest of the World Vertical Farming and Plant Factory Sales Volume (2016-2021)
3.12.1 Rest of the World Vertical Farming and Plant Factory Sales Volume Growth Rate (2016-2021)
3.12.2 Rest of the World Vertical Farming and Plant Factory Sales Volume Capacity, Revenue, Price and Gross Margin (2016-2021)
4 North America
4.1 North America Vertical Farming and Plant Factory Consumption by Countries
4.2 United States
4.3 Canada
4.4 Mexico
5 East Asia
5.1 East Asia Vertical Farming and Plant Factory Consumption by Countries
5.2 China
5.3 Japan
5.4 South Korea
6 Europe
6.1 Europe Vertical Farming and Plant Factory Consumption by Countries
6.2 Germany
6.3 United Kingdom
6.4 France
6.5 Italy
6.6 Russia
6.7 Spain
6.8 Netherlands
6.9 Switzerland
6.10 Poland
7 South Asia
7.1 South Asia Vertical Farming and Plant Factory Consumption by Countries
7.2 India
7.3 Pakistan
7.4 Bangladesh
8 Southeast Asia
8.1 Southeast Asia Vertical Farming and Plant Factory Consumption by Countries
8.2 Indonesia
8.3 Thailand
8.4 Singapore
8.5 Malaysia
8.6 Philippines
8.7 Vietnam
8.8 Myanmar
9 Middle East
9.1 Middle East Vertical Farming and Plant Factory Consumption by Countries
9.2 Turkey
9.3 Saudi Arabia
9.4 Iran
9.5 United Arab Emirates
9.6 Israel
9.7 Iraq
9.8 Qatar
9.9 Kuwait
9.10 Oman
10 Africa
10.1 Africa Vertical Farming and Plant Factory Consumption by Countries
10.2 Nigeria
10.3 South Africa
10.4 Egypt
10.5 Algeria
10.6 Morocco
11 Oceania
11.1 Oceania Vertical Farming and Plant Factory Consumption by Countries
11.2 Australia
11.3 New Zealand
12 South America
12.1 South America Vertical Farming and Plant Factory Consumption by Countries
12.2 Brazil
12.3 Argentina
12.4 Columbia
12.5 Chile
12.6 Venezuela
12.7 Peru
12.8 Puerto Rico
12.9 Ecuador
13 Rest of the World
13.1 Rest of the World Vertical Farming and Plant Factory Consumption by Countries
13.2 Kazakhstan
14 Sales Volume, Sales Revenue, Sales Price Trend by Type
14.1 Global Vertical Farming and Plant Factory Sales Volume Market Share by Type (2016-2021)
14.2 Global Vertical Farming and Plant Factory Sales Revenue Market Share by Type (2016-2021)
14.3 Global Vertical Farming and Plant Factory Sales Price by Type (2016-2021)
15 Consumption Analysis by Application
15.1 Global Vertical Farming and Plant Factory Consumption Volume by Application (2016-2021)
15.2 Global Vertical Farming and Plant Factory Consumption Value by Application (2016-2021)
16 Company Profiles and Key Figures in Vertical Farming and Plant Factory Business
16.1 AeroFarms
16.1.1 AeroFarms Company Profile
16.1.2 AeroFarms Vertical Farming and Plant Factory Product Specification
16.1.3 AeroFarms Vertical Farming and Plant Factory Production Capacity, Revenue, Price and Gross Margin (2016-2021)
16.2 Gotham Greens
16.2.1 Gotham Greens Company Profile
16.2.2 Gotham Greens Vertical Farming and Plant Factory Product Specification
16.2.3 Gotham Greens Vertical Farming and Plant Factory Production Capacity, Revenue, Price and Gross Margin (2016-2021)
16.3 Plenty (Bright Farms)
16.3.1 Plenty (Bright Farms) Company Profile
16.3.2 Plenty (Bright Farms) Vertical Farming and Plant Factory Product Specification
16.3.3 Plenty (Bright Farms) Vertical Farming and Plant Factory Production Capacity, Revenue, Price and Gross Margin (2016-2021)
16.4 Lufa Farms
16.4.1 Lufa Farms Company Profile
16.4.2 Lufa Farms Vertical Farming and Plant Factory Product Specification
16.4.3 Lufa Farms Vertical Farming and Plant Factory Production Capacity, Revenue, Price and Gross Margin (2016-2021)
16.5 Beijing IEDA Protected Horticulture
16.5.1 Beijing IEDA Protected Horticulture Company Profile
16.5.2 Beijing IEDA Protected Horticulture Vertical Farming and Plant Factory Product Specification
16.5.3 Beijing IEDA Protected Horticulture Vertical Farming and Plant Factory Production Capacity, Revenue, Price and Gross Margin (2016-2021)
16.6 Green Sense Farms
16.6.1 Green Sense Farms Company Profile
16.6.2 Green Sense Farms Vertical Farming and Plant Factory Product Specification
16.6.3 Green Sense Farms Vertical Farming and Plant Factory Production Capacity, Revenue, Price and Gross Margin (2016-2021)
16.7 Garden Fresh Farms
16.7.1 Garden Fresh Farms Company Profile
16.7.2 Garden Fresh Farms Vertical Farming and Plant Factory Product Specification
16.7.3 Garden Fresh Farms Vertical Farming and Plant Factory Production Capacity, Revenue, Price and Gross Margin (2016-2021)
16.8 Mirai
16.8.1 Mirai Company Profile
16.8.2 Mirai Vertical Farming and Plant Factory Product Specification
16.8.3 Mirai Vertical Farming and Plant Factory Production Capacity, Revenue, Price and Gross Margin (2016-2021)
16.9 Sky Vegetables
16.9.1 Sky Vegetables Company Profile
16.9.2 Sky Vegetables Vertical Farming and Plant Factory Product Specification
16.9.3 Sky Vegetables Vertical Farming and Plant Factory Production Capacity, Revenue, Price and Gross Margin (2016-2021)
16.10 TruLeaf
16.10.1 TruLeaf Company Profile
16.10.2 TruLeaf Vertical Farming and Plant Factory Product Specification
16.10.3 TruLeaf Vertical Farming and Plant Factory Production Capacity, Revenue, Price and Gross Margin (2016-2021)
16.11 Urban Crops
16.11.1 Urban Crops Company Profile
16.11.2 Urban Crops Vertical Farming and Plant Factory Product Specification
16.11.3 Urban Crops Vertical Farming and Plant Factory Production Capacity, Revenue, Price and Gross Margin (2016-2021)
16.12 Sky Greens
16.12.1 Sky Greens Company Profile
16.12.2 Sky Greens Vertical Farming and Plant Factory Product Specification
16.12.3 Sky Greens Vertical Farming and Plant Factory Production Capacity, Revenue, Price and Gross Margin (2016-2021)
16.13 GreenLand
16.13.1 GreenLand Company Profile
16.13.2 GreenLand Vertical Farming and Plant Factory Product Specification
16.13.3 GreenLand Vertical Farming and Plant Factory Production Capacity, Revenue, Price and Gross Margin (2016-2021)
16.14 Scatil
16.14.1 Scatil Company Profile
16.14.2 Scatil Vertical Farming and Plant Factory Product Specification
16.14.3 Scatil Vertical Farming and Plant Factory Production Capacity, Revenue, Price and Gross Margin (2016-2021)
16.15 Jingpeng
16.15.1 Jingpeng Company Profile
16.15.2 Jingpeng Vertical Farming and Plant Factory Product Specification
16.15.3 Jingpeng Vertical Farming and Plant Factory Production Capacity, Revenue, Price and Gross Margin (2016-2021)
16.16 Metropolis Farms
16.16.1 Metropolis Farms Company Profile
16.16.2 Metropolis Farms Vertical Farming and Plant Factory Product Specification
16.16.3 Metropolis Farms Vertical Farming and Plant Factory Production Capacity, Revenue, Price and Gross Margin (2016-2021)
16.17 Plantagon
16.17.1 Plantagon Company Profile
16.17.2 Plantagon Vertical Farming and Plant Factory Product Specification
16.17.3 Plantagon Vertical Farming and Plant Factory Production Capacity, Revenue, Price and Gross Margin (2016-2021)
16.18 Spread
16.18.1 Spread Company Profile
16.18.2 Spread Vertical Farming and Plant Factory Product Specification
16.18.3 Spread Vertical Farming and Plant Factory Production Capacity, Revenue, Price and Gross Margin (2016-2021)
16.19 Sanan Sino Science
16.19.1 Sanan Sino Science Company Profile
16.19.2 Sanan Sino Science Vertical Farming and Plant Factory Product Specification
16.19.3 Sanan Sino Science Vertical Farming and Plant Factory Production Capacity, Revenue, Price and Gross Margin (2016-2021)
16.20 Nongzhong Wulian
16.20.1 Nongzhong Wulian Company Profile
16.20.2 Nongzhong Wulian Vertical Farming and Plant Factory Product Specification
16.20.3 Nongzhong Wulian Vertical Farming and Plant Factory Production Capacity, Revenue, Price and Gross Margin (2016-2021)
17 Vertical Farming and Plant Factory Manufacturing Cost Analysis
17.1 Vertical Farming and Plant Factory Key Raw Materials Analysis
17.1.1 Key Raw Materials
17.2 Proportion of Manufacturing Cost Structure
17.3 Manufacturing Process Analysis of Vertical Farming and Plant Factory
17.4 Vertical Farming and Plant Factory Industrial Chain Analysis
18 Marketing Channel, Distributors and Customers
18.1 Marketing Channel
18.2 Vertical Farming and Plant Factory Distributors List
18.3 Vertical Farming and Plant Factory Customers
19 Market Dynamics
19.1 Market Trends
19.2 Opportunities and Drivers
19.3 Challenges
19.4 Porter's Five Forces Analysis
20 Production and Supply Forecast
20.1 Global Forecasted Production of Vertical Farming and Plant Factory (2022-2027)
20.2 Global Forecasted Revenue of Vertical Farming and Plant Factory (2022-2027)
20.3 Global Forecasted Price of Vertical Farming and Plant Factory (2016-2027)
20.4 Global Forecasted Production of Vertical Farming and Plant Factory by Region (2022-2027)
20.4.1 North America Vertical Farming and Plant Factory Production, Revenue Forecast (2022-2027)
20.4.2 East Asia Vertical Farming and Plant Factory Production, Revenue Forecast (2022-2027)
20.4.3 Europe Vertical Farming and Plant Factory Production, Revenue Forecast (2022-2027)
20.4.4 South Asia Vertical Farming and Plant Factory Production, Revenue Forecast (2022-2027)
20.4.5 Southeast Asia Vertical Farming and Plant Factory Production, Revenue Forecast (2022-2027)
20.4.6 Middle East Vertical Farming and Plant Factory Production, Revenue Forecast (2022-2027)
20.4.7 Africa Vertical Farming and Plant Factory Production, Revenue Forecast (2022-2027)
20.4.8 Oceania Vertical Farming and Plant Factory Production, Revenue Forecast (2022-2027)
20.4.9 South America Vertical Farming and Plant Factory Production, Revenue Forecast (2022-2027)
20.4.10 Rest of the World Vertical Farming and Plant Factory Production, Revenue Forecast (2022-2027)
20.5 Forecast by Type and by Application (2022-2027)
20.5.1 Global Sales Volume, Sales Revenue and Sales Price Forecast by Type (2022-2027)
20.5.2 Global Forecasted Consumption of Vertical Farming and Plant Factory by Application (2022-2027)
21 Consumption and Demand Forecast
21.1 North America Forecasted Consumption of Vertical Farming and Plant Factory by Country
21.2 East Asia Market Forecasted Consumption of Vertical Farming and Plant Factory by Country
21.3 Europe Market Forecasted Consumption of Vertical Farming and Plant Factory by Countriy
21.4 South Asia Forecasted Consumption of Vertical Farming and Plant Factory by Country
21.5 Southeast Asia Forecasted Consumption of Vertical Farming and Plant Factory by Country
21.6 Middle East Forecasted Consumption of Vertical Farming and Plant Factory by Country
21.7 Africa Forecasted Consumption of Vertical Farming and Plant Factory by Country
21.8 Oceania Forecasted Consumption of Vertical Farming and Plant Factory by Country
21.9 South America Forecasted Consumption of Vertical Farming and Plant Factory by Country
21.10 Rest of the world Forecasted Consumption of Vertical Farming and Plant Factory by Country
22 Research Findings and Conclusion
23 Methodology and Data Source
23.1 Methodology/Research Approach
23.1.1 Research Programs/Design
23.1.2 Market Size Estimation
23.1.3 Market Breakdown and Data Triangulation
23.2 Data Source
23.2.1 Secondary Sources
23.2.2 Primary Sources
23.3 Disclaimer
Methodology/Research Approach
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.Research Programs/Design
Historical Data (2015-2019) |
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Influencing Factors |
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Market Forecast (2021-2026) |
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Market Size Estimation
Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).
The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.
Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report
The following figure shows an illustrative representation of the overall market size estimation process used for this study.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.
Data Source
Secondary Sources
Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.
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Qualitative Analysis |
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Primary Sources
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.
Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.
Key Executives Interviewed
Key Data Information from Primary Sources
Primary Sources | Parameters | Key Data |
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