Industry Overview
The European vertical farming market is predicted to grow at 21.6% CAGR during the forecast period with the market size reaching USD 2,298.3 million by 2024.
Vertical farming technique helps the manufacturers in producing crops in vertically stacked columns and rows. The technique utilizes the controlled-environment agriculture (CEA) technology that helps in controlling humidity, nutrients, gases, temperature and light. This technique causes less ecological influence and enables the manufacturer to utilize reduced water and energy than the customary farms. The manufacturers can efficiently utilize their resources and produce significantly more food with minimum consumption of land.
Market Segmentation
Insight by Offering
Hardware and software are the offerings provided by the vertical farming market. Of both the categories, the demand for hardware is larger in the market and is also anticipated to grow at a higher CAGR during the forecast period. Hardware type is further segmented into lighting, hydroponics component, climate control and sensors. Lighting type is further segmented as grow lights, grow light reflectors and grow light ballasts. Similarly, the hydroponics component is further segmented as pumps and irrigation, meters and solutions, water filtration and others. The climate control hardware type is further categorized as ventilation fans, air purification and others. Additionally, the sensors are further categorized as temperature sensors, CO2 sensors, nutrient sensor, PH sensor, crop sensors and others.
Insight by Growth Mechanism
On the basis of growth mechanism, the European vertical farming market is categorized into aeroponics, hydroponics and aquaponics. Of all, hydroponics holds the largest share in the European vertical farming market.
Insight by Structure
Based on the structure, the European vertical farming market is categorized into building-based vertical farms and shipping container vertical farms. The technique is largely used for growing several crops such as lettuce, pepper, broccoli, cucumber, spinach, tomato and others.
Insight by Crop Type
The vertical farming helps in producing the perfect arrangement of lettuce varieties and growing formulas that helps in enhancing the quality and yields of crop. With the implementation of precise growing formulas will help the manufacturers to achieve increased yield on their investments. The technique is excessively used in Europe to grow lettuce varieties in order to efficiency of crop production in a farm. This technique is also helping the manufacturers to effectively lessen radiations and transport associated costs.
Industry Dynamics
Growth Drivers
The increasing demand for environment friendly production of fresh fruits and vegetables with no use of pesticides is driving the demand for vertical farming market in Europe. The consumption of organic food is helping the people to lessen their symptoms if they are suffering from allergies to foods or chemicals. The demand for organic foods is increasing as it provides more nutrients such as antioxidants than those of conventionally grown counterparts.
Challenges
The high initial investments in vertical farming and limitations on the variety of crops grown are the major restraints observed in the growth of vertical farming market in Europe.
EUROPE VERTICAL FARMING MARKET HIGHLIGHT
Geography Insight
Europe is the second largest vertical farming market after North America as the technique is satisfying the needs of urban population. The technique aims at delivering the crops where the consumption of these produce is highly focused. The demand for vertical farming is increasing enormously in order to satisfy the demand of enhanced urban population. The swelling ecological and cost-effective pressure to develop produce such as lettuce in the location near to the residing place of end customers is expected to further strengthen the demand of this market in Europe.
Competitive Insight
Some of the key players operating in the European vertical farming market are AeroFarms, Gotham Greens, Bright Farms Inc., Vertical Harvest, Home Town Farms, Infinite Harvest Inc., Lufa Farms Inc., Beijing IEDA Protected Horticulture Co., Ltd., Farmed Here LLC, Garden Fresh Farms CSA, Metropolitan Farms, Green Sense Farms, and Green Spirit Farms.
PRIMARY RESEARCH INTERVIEWS – BREAKDOWN
1. Research Overview
1.1. The Report Offers
1.2. Market Coverage
1.2.1. By Offering
1.2.2. By Growth Mechanism
1.2.3. By Structure
1.2.4. By Crop Type
1.2.5. By Region
1.3. Research Phases
1.4. Limitations
1.5. Market Size Estimations and Forecast
1.5.1. Data Sources
1.5.1.1. Primary Research
1.5.1.2. Secondary Research
1.5.2. Methodology
1.5.2.1. Data Exploration
1.5.2.2. Forecast Parameters
1.5.2.3. Data Validation
1.5.2.4. Assumptions
1.5.3. Study Period & Data Reporting Unit
2. Executive Summary
3. Market Definition
3.1. By Offering
3.1.1. Hardware
3.1.1.1. Climate Control
3.1.1.1.1. Air Purification
3.1.1.1.2. Ventilation Fans
3.1.1.1.3. Others
3.1.1.2. Lighting
3.1.1.2.1. Grow Light Reflectors
3.1.1.2.2. Grow Light Ballasts
3.1.1.2.3. Grow Lights
3.1.1.3. Sensors
3.1.1.3.1. PH Sensors
3.1.1.3.2. Nutrient Sensors
3.1.1.3.3. Crop Sensors
3.1.1.3.4. CO2 Sensors
3.1.1.3.5. Temperature Sensors
3.1.1.3.6. Others
3.1.1.4. Hydroponic Component
3.1.1.4.1. Meters and Solutions
3.1.1.4.2. Pumps and Irrigation
3.1.1.4.3. Water Filters
3.1.1.4.4. Others
3.1.2. Software
3.2. By Growth Mechanism
3.2.1. Aeroponics
3.2.2. Hydroponics
3.2.3. Aquaponics
3.3. By Structure
3.3.1. Building-Based
3.3.2. Shipping Container
3.4. By Crop Type
3.4.1. Broccoli
3.4.2. Pepper
3.4.3. Tomato
3.4.4. Spinach
3.4.5. Cucumber
3.4.6. Lettuce
3.4.7. Others
4. Industry Overview
4.1. Industry Dynamics
4.1.1. Market Growth Drivers
4.1.2. Market Growth Restraints
4.1.3. Key Market Trends
4.1.4. Major Opportunities
4.2. Industry Ecosystem
4.2.1. Porter’s Five Forces Analysis
4.2.2. Strategic Development Analysis
4.2.3. Value Chain Analysis
4.3. Competitive Insight
4.3.1. Competitive Position of Industry Players
4.3.2. Market Attractive Analysis
5. Europe Market Estimate and Forecast
5.1. By Offering
5.2. By Growth Mechanism
5.3. By Structure
5.4. By Crop Type
5.5. By Country
6. U.K. Market Estimate and Forecast
6.1. By Offering
6.2. By Growth Mechanism
6.3. By Structure
6.4. By Crop Type
7. France Market Estimate and Forecast
7.1. By Offering
7.2. By Growth Mechanism
7.3. By Structure
7.4. By Crop Type
8. Netherlands Market Estimate and Forecast
8.1. By Offering
8.2. By Growth Mechanism
8.3. By Structure
8.4. By Crop Type
9. Sweden Market Estimate and Forecast
9.1. By Offering
9.2. By Growth Mechanism
9.3. By Structure
9.4. By Crop Type
10. Rest of Europe Market Estimate and Forecast
10.1. By Offering
10.2. By Growth Mechanism
10.3. By Structure
10.4. By Crop Type
11. Company Profiles
11.1. AeroFarm
11.1.1. Snapshot
11.1.2. Overview
11.1.3. Offerings
11.1.4. Financial Insight
11.1.5. Recent Developments
11.2. Gotham Greens
11.2.1. Snapshot
11.2.2. Overview
11.2.3. Offerings
11.2.4. Financial Insight
11.2.5. Recent Developments
11.3. Bright Farms
11.3.1. Snapshot
11.3.2. Overview
11.3.3. Offerings
11.3.4. Financial Insight
11.3.5. Recent Developments
11.4. Vertical Harvest
11.4.1. Snapshot
11.4.2. Overview
11.4.3. Offerings
11.4.4. Financial Insight
11.4.5. Recent Developments
11.5. Home Town Farms
11.5.1. Snapshot
11.5.2. Overview
11.5.3. Offerings
11.5.4. Financial Insight
11.5.5. Recent Developments
11.6. Infinite Harvest
11.6.1. Snapshot
11.6.2. Overview
11.6.3. Offerings
11.6.4. Financial Insight
11.6.5. Recent Developments
11.7. Lufa Farms
11.7.1. Snapshot
11.7.2. Overview
11.7.3. Offerings
11.7.4. Financial Insight
11.7.5. Recent Developments
11.8. Beijing IEDA Protected Horticulture
11.8.1. Snapshot
11.8.2. Overview
11.8.3. Offerings
11.8.4. Financial Insight
11.8.5. Recent Developments
11.9. Farmed Here
11.9.1. Snapshot
11.9.2. Overview
11.9.3. Offerings
11.9.4. Financial Insight
11.9.5. Recent Developments
11.10. Garden Fresh Farms
11.10.1. Snapshot
11.10.2. Overview
11.10.3. Offerings
11.10.4. Financial Insight
11.10.5. Recent Developments
11.11. Metropolitan Farms
11.11.1. Snapshot
11.11.2. Overview
11.11.3. Offerings
11.11.4. Financial Insight
11.11.5. Recent Developments
11.12. Green Sense Farms
11.12.1. Snapshot
11.12.2. Overview
11.12.3. Offerings
11.12.4. Financial Insight
11.12.5. Recent Developments
11.13. Green Spirit Farms
11.13.1. Snapshot
11.13.2. Overview
11.13.3. Offerings
11.13.4. Financial Insight
11.13.5. Recent Developments
Note: Financial insight and recent developments are subject to availability of information in the secondary domain.
12. Appendix
12.1. Exchange Rates
12.2. Abbreviations
List of Tables
Table 1 Sources
Table 2 Study Periods
Table 3 Data Reporting Unit
Table 4 Europe Vertical Farming Market Size, by Offering, 2014 – 2017 (USD Million)
Table 5 Europe Vertical Farming Market Size, by Offering, 2018 – 2024 (USD Million)
Table 6 Europe Vertical Farming Market Size, by Growth Mechanism, 2014 – 2017 (USD Million)
Table 7 Europe Vertical Farming Market Size, by Growth Mechanism, 2018 – 2024 (USD Million)
Table 8 Europe Vertical Farming Market Size, by Structure, 2014 – 2017 (USD Million)
Table 9 Europe Vertical Farming Market Size, by Structure, 2018 – 2024 (USD Million)
Table 10 Europe Vertical Farming Market Size, by Crop Type, 2014 – 2017 (USD Million)
Table 11 Europe Vertical Farming Market Size, by Crop Type, 2018 – 2024 (USD Million)
Table 12 Europe Vertical Farming Market Size, by Country, 2014 – 2017 (USD Million)
Table 13 Europe Vertical Farming Market Size, by Country, 2018 – 2024 (USD Million)
Table 14 U.K. Vertical Farming Market Size, by Offering, 2014 – 2017 (USD Million)
Table 15 U.K. Vertical Farming Market Size, by Offering, 2018 – 2024 (USD Million)
Table 16 U.K. Vertical Farming Market Size, by Growth Mechanism, 2014 – 2017 (USD Million)
Table 17 U.K. Vertical Farming Market Size, by Growth Mechanism, 2018 – 2024 (USD Million)
Table 18 U.K. Vertical Farming Market Size, by Structure, 2014 – 2017 (USD Million)
Table 19 U.K. Vertical Farming Market Size, by Structure, 2018 – 2024 (USD Million)
Table 20 U.K. Vertical Farming Market Size, by Crop Type, 2014 – 2017 (USD Million)
Table 21 U.K. Vertical Farming Market Size, by Crop Type, 2018 – 2024 (USD Million)
Table 22 France Vertical Farming Market Size, by Offering, 2014 – 2017 (USD Million)
Table 23 France Vertical Farming Market Size, by Offering, 2018 – 2024 (USD Million)
Table 24 France Vertical Farming Market Size, by Growth Mechanism, 2014 – 2017 (USD Million)
Table 25 France Vertical Farming Market Size, by Growth Mechanism, 2018 – 2024 (USD Million)
Table 26 France Vertical Farming Market Size, by Structure, 2014 – 2017 (USD Million)
Table 27 France Vertical Farming Market Size, by Structure, 2018 – 2024 (USD Million)
Table 28 France Vertical Farming Market Size, by Crop Type, 2014 – 2017 (USD Million)
Table 29 France Vertical Farming Market Size, by Crop Type, 2018 – 2024 (USD Million)
Table 30 Sweden Vertical Farming Market Size, by Offering, 2014 – 2017 (USD Million)
Table 31 Sweden Vertical Farming Market Size, by Offering, 2018 – 2024 (USD Million)
Table 32 Sweden Vertical Farming Market Size, by Growth Mechanism, 2014 – 2017 (USD Million)
Table 33 Sweden Vertical Farming Market Size, by Growth Mechanism, 2018 – 2024 (USD Million)
Table 34 Sweden Vertical Farming Market Size, by Structure, 2014 – 2017 (USD Million)
Table 35 Sweden Vertical Farming Market Size, by Structure, 2018 – 2024 (USD Million)
Table 36 Sweden Vertical Farming Market Size, by Crop Type, 2014 – 2017 (USD Million)
Table 37 Sweden Vertical Farming Market Size, by Crop Type, 2018 – 2024 (USD Million)
Table 38 Netherlands Vertical Farming Market Size, by Offering, 2014 – 2017 (USD Million)
Table 39 Netherlands Vertical Farming Market Size, by Offering, 2018 – 2024 (USD Million)
Table 40 Netherlands Vertical Farming Market Size, by Growth Mechanism, 2014 – 2017 (USD Million)
Table 41 Netherlands Vertical Farming Market Size, by Growth Mechanism, 2018 – 2024 (USD Million)
Table 42 Netherlands Vertical Farming Market Size, by Structure, 2014 – 2017 (USD Million)
Table 43 Netherlands Vertical Farming Market Size, by Structure, 2018 – 2024 (USD Million)
Table 44 Netherlands Vertical Farming Market Size, by Crop Type, 2014 – 2017 (USD Million)
Table 45 Netherlands Vertical Farming Market Size, by Crop Type, 2018 – 2024 (USD Million)
Table 46 Rest of Europe Vertical Farming Market Size, by Offering, 2014 – 2017 (USD Million)
Table 47 Rest of Europe Vertical Farming Market Size, by Offering, 2018 – 2024 (USD Million)
Table 48 Rest of Europe Vertical Farming Market Size, by Growth Mechanism, 2014 – 2017 (USD Million)
Table 49 Rest of Europe Vertical Farming Market Size, by Growth Mechanism, 2018 – 2024 (USD Million)
Table 50 Rest of Europe Vertical Farming Market Size, by Structure, 2014 – 2017 (USD Million)
Table 51 Rest of Europe Vertical Farming Market Size, by Structure, 2018 – 2024 (USD Million)
Table 52 Rest of Europe Vertical Farming Market Size, by Crop Type, 2014 – 2017 (USD Million)
Table 53 Rest of Europe Vertical Farming Market Size, by Crop Type, 2018 – 2024 (USD Million)
Table 54 Snapshot – AeroFarms
Table 55 Snapshot – Gotham Greens
Table 56 Snapshot – Bright Farms
Table 57 Snapshot – Vertical Harvest
Table 58 Snapshot – Home Town Farms
Table 59 Snapshot – Infinite Harvest
Table 60 Snapshot – Lufa Farms
Table 61 Snapshot – Beijing IEDA Protected Horticulture
Table 62 Snapshot – Farmed Here
Table 63 Snapshot – Garden Fresh Farms
Table 64 Snapshot – Metropolitan Farms
Table 65 Snapshot – Green Sense Farms
Table 66 Snapshot – Green Spirit Farms
List of Figures
Figure 1 Market Coverage
Figure 2 Research Phases
Figure 3 Secondary Offerings for Different Parameters
Figure 4 Methodology
Figure 5 Data Mining & Exploration
Figure 6 Data Triangulation
Figure 7 Assumptions for Market Estimation and Forecast
Figure 8 Market Synopsis
Figure 9 Europe Vertical Farming Market - Growth Drivers and Restraints
Figure 10 Competitive Benchmark
Figure 11 Europe Vertical Farming Market Highlight
Figure 12 Europe Vertical Farming Market Size, by Offering, 2014 – 2024 (USD Million)
Figure 13 Europe Vertical Farming Market Size, by Growth Mechanism, 2014 – 2024 (USD Million)
Figure 14 Europe Vertical Farming Market Size, by Structure, 2014 – 2024 (USD Million)
Figure 15 Europe Vertical Farming Market Size, by Crop Type, 2014 – 2024 (USD Million)
Figure 16 Europe Vertical Farming Market Size, by Country, 2014 – 2024 (USD Million)
Figure 17 U.K. Vertical Farming Market Size, by Offering, 2014 – 2024 (USD Million)
Figure 18 U.K. Vertical Farming Market Size, by Growth Mechanism, 2014 – 2024 (USD Million)
Figure 19 U.K. Vertical Farming Market Size, by Structure, 2014 – 2024 (USD Million)
Figure 20 U.K. Vertical Farming Market Size, by Crop Type, 2014 – 2024 (USD Million)
Figure 21 France Vertical Farming Market Size, by Offering, 2014 – 2024 (USD Million)
Figure 22 France Vertical Farming Market Size, by Growth Mechanism, 2014 – 2024 (USD Million)
Figure 23 France Vertical Farming Market Size, by Structure, 2014 – 2024 (USD Million)
Figure 24 France Vertical Farming Market Size, by Crop Type, 2014 – 2024 (USD Million)
Figure 25 Sweden Vertical Farming Market Size, by Offering, 2014 – 2024 (USD Million)
Figure 26 Sweden Vertical Farming Market Size, by Growth Mechanism, 2014 – 2024 (USD Million)
Figure 27 Sweden Vertical Farming Market Size, by Structure, 2014 – 2024 (USD Million)
Figure 28 Sweden Vertical Farming Market Size, by Crop Type, 2014 – 2024 (USD Million)
Figure 29 Netherlands Vertical Farming Market Size, by Offering, 2014 – 2024 (USD Million)
Figure 30 Netherlands Vertical Farming Market Size, by Growth Mechanism, 2014 – 2024 (USD Million)
Figure 31 Netherlands Vertical Farming Market Size, by Structure, 2014 – 2024 (USD Million)
Figure 32 Netherlands Vertical Farming Market Size, by Crop Type, 2014 – 2024 (USD Million)
Figure 33 Rest of Europe Vertical Farming Market Size, by Offering, 2014 – 2024 (USD Million)
Figure 34 Rest of Europe Vertical Farming Market Size, by Growth Mechanism, 2014 – 2024 (USD Million)
Figure 35 Rest of Europe Vertical Farming Market Size, by Structure, 2014 – 2024 (USD Million)
Figure 36 Rest of Europe Vertical Farming Market Size, by Crop Type, 2014 – 2024 (USD Million)
Europe Vertical Farming Market Coverage
Offering Insight and Forecast 2014-2024
Growth Mechanism Insight and Forecast 2014-2024
Structure Insight and Forecast 2014-2024
Crop Type Insight and Forecast 2014-2024
Geographical Segmentation
Vertical Farming Market by Country
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