出版：MarketsandMarkets（マーケッツアンドマーケッツ） 出版年月：2023年7月
垂直農法市場：成長メカニズム (水耕栽培、エアロポニックス、アクアポニックス)、構造 (建物ベース＆輸送コンテナベース)、作物の種類、提供物 (照明、センサー、気候制御、ソフトウェア、サービス)、 地域別 – 2028年までの世界予測
Vertical Farming Market by Growth Mechanism (Hydroponics, Aeroponics, Aquaponics), Structure (Building-based and Shipping container-based), Crop Type, Offering (Lighting, Sensors, Climate Control, Software, Services) & Region – Global Forecast to 2028
| ページ数 | 218 |
| 図表数 | 230 |
| 種別 | 英文調査報告書 |
| 価格 |
垂直農業の市場規模は2023年中に51億ドル、2028年までに153億ドルに達し、2023年から2028年に年平均成長率（CAGR）24.7％で成長することが予測されています。
MarketsandMarkets（マーケッツアンドマーケッツ）「垂直農法市場：成長メカニズム (水耕栽培、エアロポニックス、アクアポニックス)、構造 (建物ベース＆輸送コンテナベース)、作物の種類、提供物 (照明、センサー、気候制御、ソフトウェア、サービス)、 地域別 – 2028年までの世界予測 – Vertical Farming Market by Growth Mechanism (Hydroponics, Aeroponics, Aquaponics), Structure (Building-based and Shipping container-based), Crop Type, Offering (Lighting, Sensors, Climate Control, Software, Services) & Region – Global Forecast to 2028」は世界の垂直農法市場を調査し、主要セグメント毎の分析・予測結果を提供します。
Report Overview
The vertical farming market is estimated to be USD 5.1 billion in 2023, and it is expected to to reach USD 15.3 billion by 2028; growing at a CAGR of 24.7% from 2023 to 2028.
The vertical farming market is set to experience remarkable growth in the coming years. One of the driving factors behind this growth is the escalating demand for fresh, locally produced food. As consumers become more conscious of the origin and quality of their food, the desire for farm-to-table options continues to surge. Vertical farming presents an innovative and sustainable solution to meet this demand.
Hardware segment to account largest market share between 2023 and 2028
Based on offering, hardware segment is likely to dominate vertical farming market throughout the forecast period. Hardware component such as LED lighting, sensors, and climate control offer notable advantages in vertical farming. LED lighting surpasses traditional options in terms of energy efficiency, resulting in reduced operating costs and lower heat production, which is particularly beneficial in vertical farms. Sensors play a crucial role in monitoring various factors like temperature, humidity, light levels, and nutrient levels, enabling optimal growing conditions for plants. This optimized environment can lead to higher crop yields and improved quality. Additionally, climate control systems ensure a consistent and tailored environment for plant growth, which is vital for their overall well-being. Furthermore, these systems help in safeguarding vertical farms from pests and diseases, thereby ensuring a healthy and productive cultivation environment. The incorporation of LED lighting, sensors, and climate control hardware devices in vertical farming significantly enhances efficiency, productivity, and plant health.
Aquaponics growth mechanism Segment to offer lucrative growth during forecast period
The growth potential for aquaponics in vertical farming is substantial due to several factors. Aquaponics involves the symbiotic cultivation of plants and fish in a closed system, where fish waste provides nutrients for the plants, and the plants filter the water for the fish. This technique offers significant advantages for the vertical farming industry. One key advantage is water conservation. Aquaponics is highly efficient in its water usage, consuming up to 90% less water compared to traditional farming methods. The water is continuously recycled and reused within the system, minimizing waste and promoting sustainability.
urthermore, aquaponics demonstrates high productivity, generating substantial yields of food in a compact area. The integrated system optimizes the use of resources such as water and nutrients, leading to efficient growth and harvest.
Lettuce is among most cultivated crops across different vertical farms
Lettuce holds a significant share in vertical farms for several reasons, making it one of the most cultivated crops in this farming method compared to others. Lettuce is a leafy green vegetable that has a relatively short growth cycle and doesn’t require excessive vertical space. This makes it well-suited for vertical farming systems, where crops are grown in stacked layers or vertical towers. Lettuce’s compact size allows for efficient use of the available vertical space, maximizing the yield per square meter. Further, lettuce has a high demand in the market, particularly in urban areas where vertical farms are commonly located. It is a staple ingredient in salads, sandwiches, and wraps, making it a popular choice for health-conscious consumers seeking fresh, locally-grown produce. The proximity of vertical farms to urban centers allows for quicker delivery and access to consumers, ensuring the lettuce reaches its market in a fresher state compared to long-distance transportation from traditional farms.
North America likely to dominate vertical farming market during the forecast period
The vertical farming market in the North America is experiencing dominance due to several factors. Firstly, the region’s large and expanding population has created a high demand for fresh and locally sourced produce. Vertical farming addresses this demand by enabling year-round cultivation, independent of weather conditions.Additionally, the Americas boast a robust economy and access to substantial venture capital, which fuels the growth of the vertical farming industry. This financial support provides resources for infrastructure development and technological advancements.Moreover, certain governments in the North America are actively supporting the vertical farming sector by offering financial incentives and regulatory assistance. This governmental backing creates a conducive environment for industry growth and innovation.
In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews have been conducted with key officials in the vertical farming market. Following is the breakup of the profiles of primary participants for the report.
- By Company Type: Tier 1 – 40 %, Tier 2 – 45%, and Tier 3 – 15%
- By Designation: C-Level Executives – 40%, Directors – 30%, and Others – 30%
- By Region: North America – 20%, APAC – 35%, Europe – 30%, and RoW – 15%
The report profiles key players in the vertical farming market and analyzes their market shares. Players profiled in this report are Signify (Netherlands), Osram (Germany), Freight Farms (US), AeroFarms (US), sky Greens (Singapore), Spread (Japan), Plenty (US), Valoya (Finland), Everlight Electronics (Taiwan), Heliospectra AB (Sweden), Green Sense Farms (US), Agrilution (Germany), American Hydroponics (US), Urban Crop solutions (Belgium), Vertical Farm Systems (Australia), bowery Farming (US), Agricool (France), Sananbio (US), Growpod Solutions (US), Infarm (Germany), Altius Farms (US), Intelligent Growth Solutions (Scotland), 4D BIOS INC (US), Future Crops (Netherlands), Bright Farms (US), Swegreen (Sweden), and Vertical Future Ltd (UK).
Research Coverage
This report segments the vertical farming market based on structure, growth mechanisms, offerings, crop types, and regions. It also describes major drivers, restraints, challenges, and opportunities about this market, as well as includes market share analysis, value chain analysis, porter’s five forces analysis, trade analysis, ecosystem, technological trends, pricing analysis, key patents, standards and frameworks, and case studies/use cases.
Reasons to Buy This Report
- Analysis of key drivers (High yield associated with vertical farming over conventional farming, Advancements in light-emitting diode (LED) technology, Year-round crop production irrespective of weather conditions, Requirement of minimum resources, Limited availability of arable land), restraints (Lack of technically skilled workforce and limited crop types, High start-up costs), opportunities (Reduced environmental impact from agriculture by adoption of vertical farming, Potential market opportunities in Asia Pacific and Middle East, Cannabis cultivation through vertical farming), and challenges (Maintenance of temperature, humidity, and air circulation in a vertical farm, Higher energy consumption leading to high operational costs, Vertical farming on a large scale) influencing the growth of the vertical farming market.
- Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the vertical farming market
- Market Development: Comprehensive information about lucrative markets – the report analyses the vertical farming market across varied regions
- Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the vertcial farming market
- Competitive Assessment: In-depth assessment of market shares, growth strategies and service offerings of leading players like Signify Holding (Netherlands), ams-OSRAM AG (Germany), Freight Farms, Inc. (US), AeroFarms (US), Sky Greens (Singapore), Spread Co., Ltd. (Japan), Plenty Unlimited Inc. (US), Valoya (Finland), EVERLIGHT ELECTRONICS CO., LTD. (Taiwan), and Heliospectra (Sweden) among others in the vertical farming market strategies.
目次
1 INTRODUCTION 29
1.1 STUDY OBJECTIVES 29
1.2 MARKET DEFINITION 29
1.3 STUDY SCOPE 30
1.3.1 MARKETS COVERED 30
1.3.2 INCLUSIONS AND EXCLUSIONS 30
1.3.3 GEOGRAPHICAL SCOPE 31
1.3.4 YEARS CONSIDERED 31
1.4 CURRENCY CONSIDERED 31
1.5 UNITS CONSIDERED 32
1.6 LIMITATIONS 32
1.7 STAKEHOLDERS 32
1.8 SUMMARY OF CHANGES 32
1.8.1 IMPACT OF RECESSION 33
2 RESEARCH METHODOLOGY 34
2.1 RESEARCH DATA 34
FIGURE 1 VERTICAL FARMING MARKET: PROCESS FLOW OF MARKET SIZE ESTIMATION 34
FIGURE 2 VERTICAL FARMING MARKET: RESEARCH DESIGN 35
2.1.1 SECONDARY DATA 36
2.1.1.1 Secondary sources 36
2.1.2 PRIMARY DATA 36
2.1.2.1 Breakdown of primaries 37
2.1.2.2 Key data from primary sources 37
2.1.2.3 Key industry insights 38
2.1.3 SECONDARY AND PRIMARY RESEARCH 38
2.2 MARKET SIZE ESTIMATION 39
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 (SUPPLY SIDE): REVENUE GENERATED BY COMPANIES FROM HARDWARE/SOFTWARE/ SERVICES OFFERED IN VERTICAL FARMING MARKET 39
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 (DEMAND SIDE) 40
2.2.1 BOTTOM-UP APPROACH 40
2.2.1.1 Approach to derive market size using bottom-up analysis 40
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 41
2.2.2 TOP-DOWN APPROACH 41
2.2.2.1 Approach to derive market size using top-down analysis 41
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 41
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 42
FIGURE 7 DATA TRIANGULATION 42
2.4 RESEARCH ASSUMPTIONS 43
FIGURE 8 RESEARCH ASSUMPTIONS 43
2.5 RISK ASSESSMENT 44
TABLE 1 RISK FACTOR ANALYSIS 44
2.6 RECESSION IMPACT ANALYSIS 44
3 EXECUTIVE SUMMARY 45
FIGURE 9 HYDROPONICS SEGMENT TO DOMINATE VERTICAL FARMING MARKET DURING FORECAST PERIOD 45
FIGURE 10 SHIPPING-BASED VERTICAL FARMS SEGMENT TO EXHIBIT HIGHER GROWTH DURING FORECAST PERIOD 46
FIGURE 11 LETTUCE LIKELY TO BE MOST COMMONLY GROWN CROP ACROSS DIFFERENT VERTICAL FARMS 47
FIGURE 12 SERVICES TO BE FASTEST-GROWING SEGMENT IN VERTICAL FARMING MARKET DURING FORECAST PERIOD 47
FIGURE 13 ASIA PACIFIC TO DOMINATE VERTICAL FARMING MARKET DURING FORECAST PERIOD 48
4 PREMIUM INSIGHTS 50
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN VERTICAL FARMING MARKET 50
FIGURE 14 INCREASE IN INVESTMENTS AND PARTNERSHIPS BETWEEN FARMS AND TECHNOLOGY PROVIDERS TO BOOST VERTICAL FARMING MARKET GROWTH 50
4.2 ASIA PACIFIC: VERTICAL FARMING MARKET, BY GROWTH MECHANISM AND STRUCTURE 51
FIGURE 15 HYDROPONICS GROWTH MECHANISM AND BUILDING-BASED VERTICAL FARMS SEGMENTS TO HOLD LARGEST MARKET SHARES IN ASIA PACIFIC IN 2028 51
4.3 VERTICAL FARMING MARKET, BY OFFERING 51
FIGURE 16 HARDWARE SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD 51
4.4 VERTICAL FARMING MARKET, BY GROWTH MECHANISM 52
FIGURE 17 HYDROPONICS SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD 52
4.5 VERTICAL FARMING MARKET, BY STRUCTURE 52
FIGURE 18 BUILDING-BASED VERTICAL FARMS SEGMENT TO HOLD LARGEST MARKET SHARE FROM 2023 TO 2028 52
4.6 VERTICAL FARMING MARKET, BY CROP TYPE 53
FIGURE 19 LETTUCE SEGMENT TO LEAD MARKET DURING FORECAST PERIOD 53
4.7 VERTICAL FARMING MARKET, BY REGION 53
FIGURE 20 ASIA PACIFIC TO ACCOUNT FOR LARGEST SHARE OF VERTICAL FARMING MARKET DURING FORECAST PERIOD 53
5 MARKET OVERVIEW 54
5.1 MARKET DYNAMICS 54
FIGURE 21 VERTICAL FARMING MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 54
5.1.1 DRIVERS 55
FIGURE 22 ANALYSIS OF IMPACT OF DRIVERS ON VERTICAL FARMING MARKET 55
5.1.1.1 Potential for higher yields compared with conventional farming methods 55
5.1.1.2 Continuous advancements in light-emitting diode (LED) technology 56
5.1.1.3 Year-round crop production, irrespective of weather conditions 56
FIGURE 23 DAMAGE AND LOSS TO CROPS, BY TYPE OF CALAMITY, 2003–2016 57
5.1.1.4 Requirement for minimum resources 57
FIGURE 24 GLOBAL POPULATION GROWTH, 2015–2050 57
5.1.1.5 Limited arable land 58
5.1.2 RESTRAINTS 58
FIGURE 25 ANALYSIS OF IMPACT OF RESTRAINTS ON VERTICAL FARMING MARKET 58
5.1.2.1 Lack of technically skilled workforce and choice of limited cultivable crops 59
5.1.2.2 High initial capital investment requirements 59
5.1.3 OPPORTUNITIES 59
FIGURE 26 ANALYSIS OF IMPACT OF OPPORTUNITIES ON VERTICAL FARMING MARKET 59
5.1.3.1 Ability to reduce ecological footprint of agriculture 60
5.1.3.2 Potential market opportunities in Asia Pacific and Middle East 60
5.1.3.3 Viability to cultivate Cannabis using vertical farming technique 61
5.1.4 CHALLENGES 61
FIGURE 27 ANALYSIS OF IMPACT OF CHALLENGES ON VERTICAL FARMING MARKET 61
5.1.4.1 Maintenance of temperature, humidity, and air circulation in vertical farms 62
5.1.4.2 Energy-intensive nature of vertical farming, leading to high operational costs 62
5.1.4.3 Difficulty in achieving economies of scale 62
5.2 SUPPLY CHAIN ANALYSIS 63
FIGURE 28 VERTICAL FARMING MARKET: SUPPLY CHAIN ANALYSIS 63
5.3 ECOSYSTEM MAPPING 64
TABLE 2 VERTICAL FARMING MARKET: ROLE OF KEY PLAYERS IN ECOSYSTEM 64
FIGURE 29 VERTICAL FARMING MARKET: SYSTEM MANUFACTURERS AND CROP PRODUCERS 65
5.4 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 65
FIGURE 30 REVENUE SHIFTS AND NEW REVENUE POCKETS FOR VERTICAL FARMING MARKET PLAYERS 65
5.5 TECHNOLOGY ANALYSIS 66
5.6 PRICING ANALYSIS 66
FIGURE 31 AVERAGE SELLING PRICE OF LED LIGHTING SOLUTIONS, BY POWER OUTPUT 66
5.7 AVERAGE SELLING PRICE OF LED LIGHTING SOLUTIONS OFFERED BY KEY PLAYERS 67
FIGURE 32 AVERAGE SELLING PRICE OF LED LIGHTING SOLUTIONS OFFERED BY KEY PLAYERS 67
5.8 PORTER’S FIVE FORCES ANALYSIS 67
FIGURE 33 VERTICAL FARMING MARKET: PORTER’S FIVE FORCES ANALYSIS 68
FIGURE 34 IMPACT ANALYSIS OF PORTER’S FIVE FORCES 68
TABLE 3 VERTICAL FARMING MARKET: PORTER’S FIVE FORCES ANALYSIS 69
5.8.1 INTENSITY OF COMPETITIVE RIVALRY 69
5.8.2 THREAT OF SUBSTITUTES 69
5.8.3 BARGAINING POWER OF BUYERS 69
5.8.4 BARGAINING POWER OF SUPPLIERS 69
5.8.5 THREAT OF NEW ENTRANTS 69
5.9 CASE STUDY ANALYSIS 70
5.9.1 LJUSGÅRDA IMPLEMENTED HELIOSPECTRA’S LED LIGHTING IN INDOOR GROWTH FACILITY 70
5.9.2 HORTIPOLARIS CULTIVATION AND RESEARCH FACILITY IMPLEMENTED FLUENCE LED LIGHTING SOLUTION 70
5.9.3 AEROFARMS USES ADVANCED TECHNOLOGIES TO TAKE VERTICAL FARMING TO NEW HEIGHTS 71
5.9.4 BENEFITS OF IOT DEPLOYMENT IN INDOOR VERTICAL FARMS 71
5.9.5 RIAT USED SIGNIFY’S LED LIGHTING SOLUTION TO GROW TOMATOES AND CUCUMBERS IN VERTICAL FARMS 72
5.9.6 KARMA FARM ADOPTED HYDROPONIC SOLUTION FOR YEAR-ROUND CROP PRODUCTION 72
5.10 PATENT ANALYSIS 73
FIGURE 35 NUMBER OF PATENTS GRANTED WORLDWIDE FROM 2013 TO 2022 73
TABLE 4 TOP 20 PATENT OWNERS FROM 2013 TO 2022 73
FIGURE 36 TOP 10 COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICATIONS FROM 2013 TO 2022 74
5.10.1 VERTICAL FARMING MARKET: LIST OF KEY PATENTS 74
TABLE 5 VERTICAL FARMING MARKET: LIST OF KEY PATENTS 74
5.11 TRADE ANALYSIS 76
TABLE 6 IMPORT DATA FOR PRODUCTS COVERED UNDER HS CODE 8424, BY COUNTRY, 2018–2022 (USD MILLION) 76
FIGURE 37 IMPORT DATA FOR MAJOR COUNTRIES, 2018–2022 77
TABLE 7 EXPORT DATA FOR PRODUCTS COVERED UNDER HS CODE 8424, BY COUNTRY, 2018–2022 (USD MILLION) 77
FIGURE 38 EXPORT DATA FOR MAJOR COUNTRIES, 2018–2022 78
5.12 KEY CONFERENCES AND EVENTS, 2023–2024 78
TABLE 8 VERTICAL FARMING MARKET: DETAILED LIST OF RELATED CONFERENCES AND EVENTS 78
5.13 KEY STAKEHOLDERS AND BUYING CRITERIA 80
5.13.1 KEY STAKEHOLDERS IN BUYING PROCESS 80
FIGURE 39 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 OFFERINGS 80
TABLE 9 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 OFFERINGS 80
5.13.2 BUYING CRITERIA 81
FIGURE 40 KEY BUYING CRITERIA FOR TOP 3 OFFERINGS 81
TABLE 10 KEY BUYING CRITERIA FOR TOP 3 OFFERINGS 81
5.14 TARIFFS AND REGULATORY FRAMEWORK 82
5.14.1 TARIFFS 82
TABLE 11 TARIFF, BY COUNTRY 82
5.14.2 REGULATIONS 82
TABLE 12 VERTICAL FARMING MARKET: REGULATIONS 82
5.14.3 STANDARDS 83
6 VERTICAL FARMING MARKET, BY GROWTH MECHANISM 84
6.1 INTRODUCTION 85
FIGURE 41 HYDROPONICS SEGMENT TO DOMINATE VERTICAL FARMING MARKET DURING FORECAST PERIOD 85
TABLE 13 VERTICAL FARMING MARKET, BY GROWTH MECHANISM, 2019–2022 (USD MILLION) 85
TABLE 14 VERTICAL FARMING MARKET, BY GROWTH MECHANISM, 2023–2028 (USD MILLION) 85
6.2 HYDROPONICS 86
6.2.1 YEAR-ROUND CULTIVATION MECHANISM SUITABLE FOR GROWING CROPS IN LOCATIONS WITH LIMITED ARABLE LAND 86
TABLE 15 HYDROPONICS: VERTICAL FARMING MARKET, BY REGION, 2019–2022 (USD MILLION) 87
TABLE 16 HYDROPONICS: VERTICAL FARMING MARKET, BY REGION, 2023–2028 (USD MILLION) 87
6.3 AEROPONICS 87
6.3.1 USES PATENTED TECHNOLOGY TO ACHIEVE HIGH PRODUCTIVITY WITHIN SHORT TIMEFRAME 87
TABLE 17 AEROPONICS: VERTICAL FARMING MARKET, BY REGION, 2019–2022 (USD MILLION) 88
TABLE 18 AEROPONICS: VERTICAL FARMING MARKET, BY REGION, 2023–2028 (USD MILLION) 89
6.4 AQUAPONICS 89
6.4.1 ELIMINATES USAGE OF PESTICIDES AND FERTILIZERS 89
TABLE 19 AQUAPONICS: VERTICAL FARMING MARKET, BY REGION, 2019–2022 (USD MILLION) 90
TABLE 20 AQUAPONICS: VERTICAL FARMING MARKET, BY REGION, 2023–2028 (USD MILLION) 90
7 VERTICAL FARMING MARKET, BY STRUCTURE 91
7.1 INTRODUCTION 92
FIGURE 42 BUILDING-BASED VERTICAL FARMS TO ACCOUNT FOR LARGER MARKET SHARE BY 2028 92
TABLE 21 VERTICAL FARMING MARKET, BY STRUCTURE, 2019–2022 (USD MILLION) 92
TABLE 22 VERTICAL FARMING MARKET, BY STRUCTURE, 2023–2028 (USD MILLION) 92
7.2 BUILDING-BASED VERTICAL FARMS 93
7.2.1 COUNTRIES WITH UNSUPPORTED CROP ENVIRONMENTS TEND TO BE EARLY ADOPTERS OF BUILDING-BASED VERTICAL FARMS 93
TABLE 23 BUILDING-BASED VERTICAL FARMS: VERTICAL FARMING MARKET, BY REGION, 2019–2022 (USD MILLION) 93
TABLE 24 BUILDING-BASED VERTICAL FARMS: VERTICAL FARMING MARKET, BY REGION, 2023–2028 (USD MILLION) 94
7.3 SHIPPING CONTAINER-BASED VERTICAL FARMS 94
7.3.1 EMERGING VERTICAL FARMING SOLUTIONS FOR SMALL FARMERS 94
TABLE 25 SHIPPING CONTAINER-BASED VERTICAL FARMS: VERTICAL FARMING MARKET, BY REGION, 2019–2022 (USD MILLION) 95
TABLE 26 SHIPPING CONTAINER-BASED VERTICAL FARMS: VERTICAL FARMING MARKET, BY REGION, 2023–2028 (USD MILLION) 95
8 VERTICAL FARMING MARKET, BY CROP TYPE 96
8.1 INTRODUCTION 97
FIGURE 43 LETTUCE SEGMENT TO LEAD VERTICAL FARMING MARKET DURING FORECAST PERIOD 97
TABLE 27 VERTICAL FARMING MARKET, BY CROP TYPE, 2019–2022 (MILLION METRIC TONS) 97
TABLE 28 VERTICAL FARMING MARKET, BY CROP TYPE, 2023–2028 (MILLION METRIC TONS) 98
TABLE 29 VERTICAL FARMING MARKET, BY REGION, 2019–2022 (MILLION METRIC TONS) 98
TABLE 30 VERTICAL FARMING MARKET, BY REGION, 2023–2028 (MILLION METRIC TONS) 98
8.2 VEGETABLES 99
8.2.1 LETTUCE PREDOMINANTLY CULTIVATED IN VERTICAL FARMS 99
8.3 FRUITS 99
8.3.1 STRAWBERRIES AND POMEGRANATES AMONG MOST GROWN FRUITS IN VERTICAL FARMS 99
9 VERTICAL FARMING MARKET, BY OFFERING 101
9.1 INTRODUCTION 102
FIGURE 44 HARDWARE SEGMENT TO ACCOUNT FOR LARGEST SHARE OF VERTICAL FARMING MARKET BY 2028 102
TABLE 31 VERTICAL FARMING MARKET, BY OFFERING, 2019–2022 (USD MILLION) 102
TABLE 32 VERTICAL FARMING MARKET, BY OFFERING, 2023–2028 (USD MILLION) 102
FIGURE 45 LIGHTING SEGMENT TO DOMINATE VERTICAL FARMING HARDWARE MARKET DURING FORECAST PERIOD 103
TABLE 33 HARDWARE: VERTICAL FARMING MARKET, BY TYPE, 2019–2022 (USD MILLION) 103
TABLE 34 HARDWARE: VERTICAL FARMING MARKET, BY TYPE, 2023–2028 (USD MILLION) 104
TABLE 35 HARDWARE: VERTICAL FARMING MARKET, BY REGION, 2019–2022 (USD MILLION) 104
TABLE 36 HARDWARE: VERTICAL FARMING MARKET, BY REGION, 2023–2028 (USD MILLION) 104
9.2 HARDWARE 104
9.2.1 LIGHTING 105
TABLE 37 HARDWARE: VERTICAL FARMING MARKET FOR LIGHTING, BY REGION, 2019–2022 (USD MILLION) 106
TABLE 38 HARDWARE: VERTICAL FARMING MARKET FOR LIGHTING, BY REGION, 2023–2028 (USD MILLION) 106
9.2.1.1 Lighting fixtures 106
9.2.1.1.1 Electrical devices used to create artificial light in vertical farms using electric lamps 106
9.2.1.2 Lighting control 107
9.2.1.2.1 Connected energy-saving lighting systems prove to be ideal for vertical farming 107
9.2.2 HYDROPONIC COMPONENTS 107
9.2.2.1 Utilize nutrient-laden water appropriately to ensure high crop growth 107
TABLE 39 HARDWARE: VERTICAL FARMING MARKET FOR HYDROPONIC COMPONENTS, BY REGION, 2019–2022 (USD MILLION) 108
TABLE 40 HARDWARE: VERTICAL FARMING MARKET FOR HYDROPONIC COMPONENTS, BY REGION, 2023–2028 (USD MILLION) 108
9.2.3 CLIMATE CONTROL 108
9.2.3.1 Use effective HVAC systems to ensure high productivity through precise temperature control 108
TABLE 41 HARDWARE: VERTICAL FARMING MARKET FOR CLIMATE CONTROL, BY REGION, 2019–2022 (USD MILLION) 109
TABLE 42 HARDWARE: VERTICAL FARMING MARKET FOR CLIMATE CONTROL, BY REGION, 2023–2028 (USD MILLION) 109
9.2.4 SENSORS 109
9.2.4.1 Provide necessary data points for accurate monitoring to maximize productivity and farm efficiency 109
TABLE 43 HARDWARE: VERTICAL FARMING MARKET FOR SENSORS, BY REGION, 2019–2022 (USD MILLION) 110
TABLE 44 HARDWARE: VERTICAL FARMING MARKET FOR SENSORS, BY REGION, 2023–2028 (USD MILLION) 110
9.3 SOFTWARE 110
9.3.1 FACILITATE CALCULATIONS AND MANAGEMENT PROCESSES IN AGRICULTURE FOR INCREASED EFFICIENCY 110
TABLE 45 SOFTWARE: VERTICAL FARMING MARKET, BY REGION, 2019–2022 (USD MILLION) 111
TABLE 46 SOFTWARE: VERTICAL FARMING MARKET, BY REGION, 2023–2028 (USD MILLION) 111
9.4 SERVICES 112
9.4.1 INCLUDE CONSULTING, MAINTENANCE, AND SUPPORT SERVICES 112
TABLE 47 SERVICES: VERTICAL FARMING MARKET, BY REGION, 2019–2022 (USD MILLION) 112
TABLE 48 SERVICES: VERTICAL FARMING MARKET, BY REGION, 2023–2028 (USD MILLION) 112
10 VERTICAL FARMING MARKET, BY REGION 113
10.1 INTRODUCTION 114
FIGURE 46 SINGAPORE TO BE FASTEST-GROWING VERTICAL FARMING MARKET DURING FORECAST PERIOD 114
TABLE 49 VERTICAL FARMING MARKET, BY REGION, 2019–2022 (USD MILLION) 114
TABLE 50 VERTICAL FARMING MARKET, BY REGION, 2023–2028 (USD MILLION) 115
10.2 NORTH AMERICA 115
FIGURE 47 NORTH AMERICA: VERTICAL FARMING MARKET SNAPSHOT 116
10.2.1 NORTH AMERICA: RECESSION IMPACT 116
FIGURE 48 NORTH AMERICA: IMPACT OF RECESSION 117
TABLE 51 NORTH AMERICA: VERTICAL FARMING MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 117
TABLE 52 NORTH AMERICA: VERTICAL FARMING MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 117
TABLE 53 NORTH AMERICA: VERTICAL FARMING MARKET, BY STRUCTURE, 2019–2022 (USD MILLION) 118
TABLE 54 NORTH AMERICA: VERTICAL FARMING MARKET, BY STRUCTURE, 2023–2028 (USD MILLION) 118
TABLE 55 NORTH AMERICA: VERTICAL FARMING MARKET, BY GROWTH MECHANISM, 2019–2022 (USD MILLION) 118
TABLE 56 NORTH AMERICA: VERTICAL FARMING MARKET, BY GROWTH MECHANISM, 2023–2028 (USD MILLION) 118
TABLE 57 NORTH AMERICA: VERTICAL FARMING MARKET, BY OFFERING, 2019–2022 (USD MILLION) 119
TABLE 58 NORTH AMERICA: VERTICAL FARMING MARKET, BY OFFERING, 2023–2028 (USD MILLION) 119
TABLE 59 NORTH AMERICA: VERTICAL FARMING MARKET, BY HARDWARE TYPE, 2019–2022 (USD MILLION) 119
TABLE 60 NORTH AMERICA: VERTICAL FARMING MARKET, BY HARDWARE TYPE, 2023–2028 (USD MILLION) 120
10.2.2 US 120
10.2.2.1 Increasing number of vertical farms and partnerships among companies to boost market growth 120
TABLE 61 US: VERTICAL FARMING MARKET, BY STRUCTURE, 2019–2022 (USD MILLION) 121
TABLE 62 US: VERTICAL FARMING MARKET, BY STRUCTURE, 2023–2028 (USD MILLION) 121
TABLE 63 US: VERTICAL FARMING MARKET, BY GROWTH MECHANISM, 2019–2022 (USD MILLION) 121
TABLE 64 US: VERTICAL FARMING MARKET, BY GROWTH MECHANISM, 2023–2028 (USD MILLION) 122
TABLE 65 US: VERTICAL FARMING MARKET, BY OFFERING, 2019–2022 (USD MILLION) 122
TABLE 66 US: VERTICAL FARMING MARKET, BY OFFERING, 2023–2028 (USD MILLION) 122
10.2.3 CANADA 122
10.2.3.1 Presence of technologically advanced vertical farming companies to foster market growth 122
TABLE 67 CANADA: VERTICAL FARMING MARKET, BY STRUCTURE, 2019–2022 (USD MILLION) 123
TABLE 68 CANADA: VERTICAL FARMING MARKET, BY STRUCTURE, 2023–2028 (USD MILLION) 123
TABLE 69 CANADA: VERTICAL FARMING MARKET, BY GROWTH MECHANISM, 2019–2022 (USD MILLION) 124
TABLE 70 CANADA: VERTICAL FARMING MARKET, BY GROWTH MECHANISM, 2023–2028 (USD MILLION) 124
TABLE 71 CANADA: VERTICAL FARMING MARKET, BY OFFERING, 2019–2022 (USD MILLION) 124
TABLE 72 CANADA: VERTICAL FARMING MARKET, BY OFFERING, 2023–2028 (USD MILLION) 124
10.2.4 MEXICO 125
10.2.4.1 Population growth and deteriorating cultivation zones to drive adoption of vertical farming 125
10.3 EUROPE 125
FIGURE 49 EUROPE: VERTICAL FARMING MARKET SNAPSHOT 126
10.3.1 EUROPE: RECESSION IMPACT 126
FIGURE 50 EUROPE: IMPACT OF RECESSION 127
TABLE 73 EUROPE: VERTICAL FARMING MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 127
TABLE 74 EUROPE: VERTICAL FARMING MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 128
TABLE 75 EUROPE: VERTICAL FARMING MARKET, BY STRUCTURE, 2019–2022 (USD MILLION) 128
TABLE 76 EUROPE: VERTICAL FARMING MARKET, BY STRUCTURE, 2023–2028 (USD MILLION) 128
TABLE 77 EUROPE: VERTICAL FARMING MARKET, BY GROWTH MECHANISM, 2019–2022 (USD MILLION) 128
TABLE 78 EUROPE: VERTICAL FARMING MARKET, BY GROWTH MECHANISM, 2023–2028 (USD MILLION) 129
TABLE 79 EUROPE: VERTICAL FARMING MARKET, BY OFFERING, 2019–2022 (USD MILLION) 129
TABLE 80 EUROPE: VERTICAL FARMING MARKET, BY OFFERING, 2023–2028 (USD MILLION) 129
TABLE 81 EUROPE: VERTICAL FARMING MARKET, BY HARDWARE TYPE, 2019–2022 (USD MILLION) 130
TABLE 82 EUROPE: VERTICAL FARMING MARKET, BY HARDWARE TYPE, 2023–2028 (USD MILLION) 130
10.3.2 EU4 130
10.3.2.1 Emergence of various vertical farming startups to drive market 130
TABLE 83 EU4: VERTICAL FARMING MARKET, BY STRUCTURE, 2019–2022 (USD MILLION) 131
TABLE 84 EU4: VERTICAL FARMING MARKET, BY STRUCTURE, 2023–2028 (USD MILLION) 131
TABLE 85 EU4: VERTICAL FARMING MARKET, BY GROWTH MECHANISM, 2019–2022 (USD MILLION) 131
TABLE 86 EU4: VERTICAL FARMING MARKET, BY GROWTH MECHANISM, 2023–2028 (USD MILLION) 132
TABLE 87 EU4: VERTICAL FARMING MARKET, BY OFFERING, 2019–2022 (USD MILLION) 132
TABLE 88 EU4: VERTICAL FARMING MARKET, BY OFFERING, 2023–2028 (USD MILLION) 132
10.3.3 UK 132
10.3.3.1 High demand for locally sourced and sustainable food options to favor market growth 132
TABLE 89 UK: VERTICAL FARMING MARKET, BY STRUCTURE, 2019–2022 (USD MILLION) 133
TABLE 90 UK: VERTICAL FARMING MARKET, BY STRUCTURE, 2023–2028 (USD MILLION) 133
TABLE 91 UK: VERTICAL FARMING MARKET, BY GROWTH MECHANISM, 2019–2022 (USD MILLION) 134
TABLE 92 UK: VERTICAL FARMING MARKET, BY GROWTH MECHANISM, 2023–2028 (USD MILLION) 134
TABLE 93 UK: VERTICAL FARMING MARKET, BY OFFERING, 2019–2022 (USD MILLION) 134
TABLE 94 UK: VERTICAL FARMING MARKET, BY OFFERING, 2023–2028 (USD MILLION) 134
10.3.4 SCANDINAVIA 135
10.3.4.1 Need to reduce transportation footprint of food to lead to adoption of vertical farming practices 135
10.3.5 NETHERLANDS 135
10.3.5.1 Partnerships and collaborations between leading vertical farming companies to drive market 135
10.3.6 REST OF EUROPE 136
10.4 ASIA PACIFIC 136
FIGURE 51 ASIA PACIFIC: VERTICAL FARMING MARKET SNAPSHOT 137
10.4.1 ASIA PACIFIC: RECESSION IMPACT 137
FIGURE 52 ASIA PACIFIC: IMPACT OF RECESSION 138
TABLE 95 ASIA PACIFIC: VERTICAL FARMING MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 138
TABLE 96 ASIA PACIFIC: VERTICAL FARMING MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 138
TABLE 97 ASIA PACIFIC: VERTICAL FARMING MARKET, BY STRUCTURE, 2019–2022 (USD MILLION) 139
TABLE 98 ASIA PACIFIC: VERTICAL FARMING MARKET, BY STRUCTURE, 2023–2028 (USD MILLION) 139
TABLE 99 ASIA PACIFIC: VERTICAL FARMING MARKET, BY GROWTH MECHANISM, 2019–2022 (USD MILLION) 139
TABLE 100 ASIA PACIFIC: VERTICAL FARMING MARKET, BY GROWTH MECHANISM, 2023–2028 (USD MILLION) 139
TABLE 101 ASIA PACIFIC: VERTICAL FARMING MARKET, BY OFFERING, 2019–2022 (USD MILLION) 140
TABLE 102 ASIA PACIFIC: VERTICAL FARMING MARKET, BY OFFERING, 2023–2028 (USD MILLION) 140
TABLE 103 ASIA PACIFIC: VERTICAL FARMING MARKET, BY HARDWARE TYPE, 2019–2022 (USD MILLION) 140
TABLE 104 ASIA PACIFIC: VERTICAL FARMING MARKET, BY HARDWARE TYPE, 2023–2028 (USD MILLION) 141
10.4.2 CHINA 141
10.4.2.1 Increasing urban population and declining agricultural land to create opportunities for market players 141
TABLE 105 CHINA: VERTICAL FARMING MARKET, BY STRUCTURE, 2019–2022 (USD MILLION) 142
TABLE 106 CHINA: VERTICAL FARMING MARKET, BY STRUCTURE, 2023–2028 (USD MILLION) 142
TABLE 107 CHINA: VERTICAL FARMING MARKET, BY GROWTH MECHANISM, 2019–2022 (USD MILLION) 142
TABLE 108 CHINA: VERTICAL FARMING MARKET, BY GROWTH MECHANISM, 2023–2028 (USD MILLION) 142
TABLE 109 CHINA: VERTICAL FARMING MARKET, BY OFFERING, 2019–2022 (USD MILLION) 143
TABLE 110 CHINA: VERTICAL FARMING MARKET, BY OFFERING, 2023–2028 (USD MILLION) 143
10.4.3 JAPAN 143
10.4.3.1 Presence of multiple vertical farming companies to support market growth 143
TABLE 111 JAPAN: VERTICAL FARMING MARKET, BY STRUCTURE, 2019–2022 (USD MILLION) 144
TABLE 112 JAPAN: VERTICAL FARMING MARKET, BY STRUCTURE, 2023–2028 (USD MILLION) 144
TABLE 113 JAPAN: VERTICAL FARMING MARKET, BY GROWTH MECHANISM, 2019–2022 (USD MILLION) 144
TABLE 114 JAPAN: VERTICAL FARMING MARKET, BY GROWTH MECHANISM, 2023–2028 (USD MILLION) 145
TABLE 115 JAPAN: VERTICAL FARMING MARKET, BY OFFERING, 2019–2022 (USD MILLION) 145
TABLE 116 JAPAN: VERTICAL FARMING MARKET, BY OFFERING, 2023–2028 (USD MILLION) 145
10.4.4 SINGAPORE 145
10.4.4.1 Focus on achieving food security to accelerate adoption of vertical farming 145
10.4.5 REST OF ASIA PACIFIC 146
10.5 REST OF THE WORLD 147
10.5.1 REST OF THE WORLD: RECESSION IMPACT 147
FIGURE 53 REST OF THE WORLD: IMPACT OF RECESSION 147
TABLE 117 REST OF THE WORLD: VERTICAL FARMING MARKET, BY REGION, 2019–2022 (USD MILLION) 148
TABLE 118 REST OF THE WORLD: VERTICAL FARMING MARKET, BY REGION, 2023–2028 (USD MILLION) 148
TABLE 119 REST OF THE WORLD: VERTICAL FARMING MARKET, BY STRUCTURE, 2019–2022 (USD MILLION) 148
TABLE 120 REST OF THE WORLD: VERTICAL FARMING MARKET, BY STRUCTURE, 2023–2028 (USD MILLION) 148
TABLE 121 REST OF THE WORLD: VERTICAL FARMING MARKET, BY GROWTH MECHANISM, 2019–2022 (USD MILLION) 149
TABLE 122 REST OF THE WORLD: VERTICAL FARMING MARKET, BY GROWTH MECHANISM, 2023–2028 (USD MILLION) 149
TABLE 123 REST OF THE WORLD: VERTICAL FARMING MARKET, BY OFFERING, 2019–2022 (USD MILLION) 149
TABLE 124 REST OF THE WORLD: VERTICAL FARMING MARKET, BY OFFERING, 2023–2028 (USD MILLION) 150
TABLE 125 REST OF THE WORLD: VERTICAL FARMING MARKET, BY HARDWARE TYPE, 2019–2022 (USD MILLION) 150
TABLE 126 REST OF THE WORLD: VERTICAL FARMING MARKET, BY HARDWARE TYPE, 2023–2028 (USD MILLION) 150
10.5.2 MIDDLE EAST 151
10.5.2.1 Lack of arable land to result in adoption of vertical farming 151
10.5.3 AFRICA 151
10.5.3.1 Scarcity of freshwater and arable land to boost demand for vertical farming 151
10.5.4 SOUTH AMERICA 152
10.5.4.1 Emergence of startups involved in vertical farming to boost market growth 152
11 COMPETITIVE LANDSCAPE 153
11.1 OVERVIEW 153
TABLE 127 OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS 153
11.2 MARKET SHARE AND RANKING ANALYSIS 155
TABLE 128 VERTICAL FARMING MARKET: DEGREE OF COMPETITION (LIGHTING PROVIDERS), 2022 155
FIGURE 54 COMPANY MARKET SHARE ANALYSIS, 2022 155
TABLE 129 VERTICAL FARMING MARKET: DEGREE OF COMPETITION (CROP PRODUCERS), 2022 156
11.3 5-YEAR COMPANY REVENUE ANALYSIS 157
FIGURE 55 REVENUE ANALYSIS FOR KEY COMPANIES, 2018–2022 157
11.4 VERTICAL FARMING MARKET: COMPANY EVALUATION MATRIX (FOR OEMS AND SYSTEM INTEGRATORS), 2022 158
FIGURE 56 VERTICAL FARMING MARKET: COMPANY EVALUATION MATRIX (FOR OEMS AND SYSTEM INTEGRATORS), 2022 158
11.4.1 STARS 158
11.4.2 PERVASIVE PLAYERS 158
11.4.3 EMERGING LEADERS 159
11.4.4 PARTICIPANTS 159
11.5 COMPETITIVE BENCHMARKING 159
TABLE 130 COMPANY FOOTPRINT 159
TABLE 131 COMPANY OFFERING FOOTPRINT 160
TABLE 132 COMPANY REGION FOOTPRINT 161
11.6 VERTICAL FARMING MARKET: STARTUPS/SMES COMPANY EVALUATION MATRIX (FOR CROP PRODUCERS), 2022 161
FIGURE 57 VERTICAL FARMING MARKET: STARTUPS/SMES COMPANY EVALUATION MATRIX (FOR CROP PRODUCERS), 2022 162
11.6.1 PROGRESSIVE COMPANIES 162
11.6.2 RESPONSIVE COMPANIES 162
11.6.3 DYNAMIC COMPANIES 162
11.6.4 STARTING BLOCKS 163
TABLE 133 VERTICAL FARMING MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES (CROP PRODUCERS) 163
11.7 COMPETITIVE SCENARIOS AND TRENDS 164
11.7.1 PRODUCT LAUNCHES 164
TABLE 134 VERTICAL FARMING MARKET: PRODUCT LAUNCHES AND DEVELOPMENTS 164
11.7.2 DEALS 166
TABLE 135 VERTICAL FARMING MARKET: DEALS 166
11.7.3 EXPANSIONS 170
TABLE 136 VERTICAL FARMING MARKET: OTHERS 170
12 COMPANY PROFILES 172
(Business Overview, Products/Solutions/Services Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
12.1 INTRODUCTION 172
12.2 KEY PLAYERS 172
12.2.1 SIGNIFY HOLDING 172
TABLE 137 SIGNIFY HOLDING: COMPANY OVERVIEW 173
FIGURE 58 SIGNIFY HOLDING: COMPANY SNAPSHOT 173
TABLE 138 SIGNIFY HOLDING: PRODUCT/SOLUTION/SERVICE OFFERINGS 174
TABLE 139 SIGNIFY HOLDING: DEALS 174
12.2.2 AMS-OSRAM AG 176
TABLE 140 AMS-OSRAM AG: COMPANY OVERVIEW 176
FIGURE 59 AMS-OSRAM AG: COMPANY SNAPSHOT 177
TABLE 141 AMS-OSRAM AG: PRODUCT/SOLUTION/SERVICE OFFERINGS 178
TABLE 142 AMS-OSRAM AG: PRODUCT LAUNCHES 178
TABLE 143 AMS-OSRAM AG: DEALS 180
12.2.3 FREIGHT FARMS, INC. 181
TABLE 144 FREIGHT FARMS, INC.: COMPANY OVERVIEW 181
TABLE 145 FREIGHT FARMS, INC.: PRODUCT/SOLUTION/SERVICE OFFERINGS 181
TABLE 146 FREIGHT FARMS, INC.: PRODUCT LAUNCHES 182
TABLE 147 FREIGHT FARMS, INC.: DEALS 182
12.2.4 AEROFARMS 184
TABLE 148 AEROFARMS: COMPANY OVERVIEW 184
TABLE 149 AEROFARMS: PRODUCT/SOLUTION/SERVICE OFFERINGS 184
TABLE 150 AEROFARMS: DEALS 185
TABLE 151 AEROFARMS: OTHERS 186
12.2.5 SKY GREENS 188
TABLE 152 SKY GREENS: COMPANY OVERVIEW 188
TABLE 153 SKY GREENS: PRODUCT/SOLUTION/SERVICE OFFERINGS 188
12.2.6 SPREAD CO., LTD. 190
TABLE 154 SPREAD CO., LTD.: COMPANY OVERVIEW 190
TABLE 155 SPREAD CO., LTD.: PRODUCT/SOLUTION/SERVICE OFFERINGS 190
TABLE 156 SPREAD CO., LTD.: DEALS 191
12.2.7 PLENTY UNLIMITED INC. 192
TABLE 157 PLENTY UNLIMITED INC.: COMPANY OVERVIEW 192
TABLE 158 PLENTY UNLIMITED INC.: PRODUCT/SOLUTION/SERVICE OFFERINGS 192
TABLE 159 PLENTY UNLIMITED INC.: DEALS 193
TABLE 160 PLENTY UNLIMITED INC.: OTHERS 193
12.2.8 VALOYA 195
TABLE 161 VALOYA: COMPANY OVERVIEW 195
TABLE 162 VALOYA: PRODUCT/SOLUTION/SERVICE OFFERINGS 195
TABLE 163 VALOYA: DEALS 196
12.2.9 EVERLIGHT ELECTRONICS CO., LTD. 197
TABLE 164 EVERLIGHT ELECTRONICS CO., LTD.: COMPANY OVERVIEW 197
FIGURE 60 EVERLIGHT ELECTRONICS CO., LTD.: COMPANY SNAPSHOT 198
TABLE 165 EVERLIGHT ELECTRONICS CO., LTD.: PRODUCT/SOLUTION/SERVICE OFFERINGS 199
12.2.10 HELIOSPECTRA 200
TABLE 166 HELIOSPECTRA: COMPANY OVERVIEW 200
FIGURE 61 HELIOSPECTRA: COMPANY SNAPSHOT 200
TABLE 167 HELIOSPECTRA: PRODUCT/SOLUTION/SERVICE OFFERINGS 201
TABLE 168 HELIOSPECTRA: PRODUCT LAUNCHES 202
TABLE 169 HELIOSPECTRA: DEALS 202
12.3 OTHER KEY PLAYERS 204
12.3.1 GREEN SENSE FARMS HOLDINGS, INC. 204
12.3.2 AMHYDRO 205
12.3.3 URBAN CROP SOLUTIONS 206
12.3.4 VERTICAL FARM SYSTEMS 207
12.3.5 BOWERY FARMING INC. 208
12.3.6 AGRICOOL 209
12.3.7 SANANBIO 210
12.3.8 GP SOLUTIONS, INC. 211
12.3.9 INFARM 212
12.3.10 ALTIUS FARMS 213
12.3.11 INTELLIGENT GROWTH SOLUTIONS LIMITED 214
12.3.12 4D BIOS INC 214
12.3.13 FUTURE CROPS 215
12.3.14 BRIGHTFARMS 216
12.3.15 VERTICAL FUTURE LTD. 217
*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.
13 APPENDIX 218
13.1 INSIGHTS FROM INDUSTRY EXPERTS 218
13.2 DISCUSSION GUIDE 218
13.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 222
13.4 CUSTOMIZATION OPTIONS 224
13.5 RELATED REPORTS 224
13.6 AUTHOR DETAILS 225