Vertical Farming Market Growth Structure and Market Driving Factors Forecast To 2025

29 May 2019: The global Vertical Farming Market is expected to reach USD 9.9 billion by 2025 owing to rise in use of IoT (Internet of Things) for agriculture and crop production. A vertical farm ensures the sustainability of cities by addressing food security to the ever-increasing population. It is rather a simple concept of urban farming. Many cities across the globe have adopted the models of vertical farming. There can be three types or multiple models of vertical farming, viz, vertical farming carried on old warehouses and buildings; the second type takes place on rooftops, old buildings and residential structures and the third type takes place on multi-storeyed building, restaurants and retail stores.

The success of vertical farming is proportional to the size of vertical farming mentioned above. Vertical farming techniques hence encourage the city dwellers to opt for eco-friendly farming practices by following correct methods of waste disposal.

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Vertical farming industry is driven by factors such as rise in automation and increasing use of big data analytics to maximize the yield of production. Rise in urbanization and rising demand for high quality foods coupled with novel techniques of farming is likely to fuel the market growth in the near future. Use of several mechanisms to optimize the crop yield under suitable climatic conditions is expected to propel the market growth in the forecast period. However, cost of investment and availability of fewer crop varieties coupled with dearth of technical proficiency are likely to restrain the market growth in the forecast period up to 2025.

Vertical farming market is segmented based on structure, which includes building-based and shipping container. By offering, the vertical farming industry segmentation includes hydroponic components, lighting, sensors, and climate control. By mechanism, the vertical farming market segmentation includes aeroponics, hydroponics, and aquaponics. Hydroponic system accounts for a significant market share in the forecast period since it is widely used and it eliminates the need for pesticides and artificial ripening agents, which further improves the nutrition in vegetables.

Geographic segmentation for vertical farming industry includes North America, Latin America, Europe, Asia-Pacific and Middle East & Africa. Asia-Pacific vertical farming market is expected to gain a significant market share in the forecast period due to rise in population and limited availability of fertile land. The key players in the vertical farming industry include Bright Farms, Everlight Electronics Co Ltd, Koninklijke, Aerofarms, IllumitexInc, Sky Greens and Green Sense Farms.

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Market Segment:

Vertical Farming Structure Outlook (Revenue, USD Million; 2014 - 2025)
    • Shipping container
    • Building-based

Vertical Farming Offering Outlook (Revenue, USD Million; 2014 - 2025)
    • Lighting
    • Hydroponic components
    • Climate control
    • Sensors

Vertical Farming Growing Mechanism Outlook (Revenue, USD Million; 2014 - 2025)
    • Hydroponics
    • Aeroponics
    • Aquaponics

Vertical Farming Regional Outlook (Revenue, USD Million; 2014 - 2025)
    • North America
        • U.S.
        • Canada
        • Mexico
    • Europe
        • Germany
        • UK
        • France
    • Asia Pacific
        • China
        • India
        • Japan
    • South America
        • Brazil
    • Middle East and Africa (MEA)

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Biostimulants Market Anticipated To Grow at CAGR of 10.2% in Forecast Period by 2025

Biostimulants Market is anticipated to reach USD 4.14 billion by 2025. Biostimulants imply biologically produced fertilizers that are used to stimulate plant productivity and development. They are also used for nourishment of agricultural products. From seed germination to plant maturity biostimulants boost the plant growth and development. These nourishments help in facilitating nutrient assimilation, translocation, and improve soil productiveness mostly by stimulating the growth of interdependent soil microorganisms.

In addition, the factors that drive the growth of the market include rapid development in the Biostimulants industry, expansion of the organic food industry, benefits such as enhanced agricultural productivity and yield, increasing support from the government. On the other hand, in developing countries, lower awareness rate among the farmers, and high R&D cost will hamper the biostimulants market growth in the forecast period and it is anticipated to grow at a significant CAGR of 10.2% in the upcoming period as the scope, product types, and its applications are increasing across the globe.

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Biostimulants industry may be explored as peractive ingredients, applications, Form, crop type, and geography. The market may be explored by active ingredient as Seaweed extracts, Humic substances (humic acid and fulvic acid), Microbial amendments, Vitamins & amino acids, Trace minerals and other ingredients & additives (polysaccharides, antioxidants soil conditioners, enzymes, and wetting agents). The Acid-based Biostimulants segment is dominating the segment of active ingredients in the Biostimulants Market in 2016. They stimulate flowering, fruit setting, fruit development, pollination in the plant.

The industry may be explored by Application as Seed treatment Foliar treatment, and Soil treatment. The foliar segment is dominating the segment application in the biostimulants industry in 2016. Seed treatment is anticipated to exhibit the highest CAGR of 12.3% over the forecast period.  Biostimulants Market may be explored by form as Dry and Liquid. The market may be explored by Crop Type as Turfs & ornamentals, Row crops (cereals, oilseeds, and pulses), Fruits & vegetables, and other crops (plantation crops, forage grasses, fiber crops, and hydroponics). Row crops and cereals are dominating the “Crop” type in the market. These crops are grown extensively across the globe in huge areas and offer profitable development opportunities for the industry in the forecast period.

Europe accounted for the major share of the global market size analysis in 2016 and will continue to rule the roost in the forecast period. The region is estimated to continue to be a foremost user over the forthcoming period. This inclination is anticipated to stay putin the upcoming period due to the supportive rules to increase production of organic foods are anticipated to upsurge the application of Biostimulants. However, slow development of the farming sector in Western Europe is expected to be a limiting factor for the market. Additionally, the presence of bio fertilizers is estimated to pose a substitute threat over the forthcoming period. Europe is followed by Asia-Pacific region in the forecast period.

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Some of the key players that fuel the growth of the biostimulants industry include Biolchim S.p.A., BASF SE, Koppert B.V., Italpollina S.p.A., Biostadt India Limited, Platform Specialty Product Corporation, Novozymes A/S, Isagro S.p.A., Valagro S.p.A., and Sapec Group. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.

Market Segment:

Biostimulants Active Ingredient Outlook (Volume, Thousand Hectares; Revenue, USD Million, 2014 - 2025)
    • Acid Based
    • Seaweed Extracts
    • Microbial
    • Others

Biostimulants Crop Type Outlook (Volume, Thousand Hectares; Revenue, USD Million, 2014 - 2025)
    • Row Crops & Cereals
    • Fruits & Vegetables
    • Turf & Ornamentals
    • Others

Biostimulants Application Outlook (Volume, Thousand Hectares; Revenue, USD Million, 2014 - 2025)
    • Foliar
    • Seed
    • Soil

Biostimulants Regional Outlook (Volume, Thousand Hectares; Revenue, USD Million, 2014 - 2025)
    • North America
        • U.S.
    • Europe
        • U.K.
        • Germany
        • Italy
    • Asia Pacific
        • China
        • India
        • Japan
        • Australia
    • Central & South America
        • Brazil
    • Middle East & Africa

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Horticultural LED Lighting Market Size by Value, Dynamics and Development Status Forecast To 2022

Global Horticultural LED Lighting Market is classified on the basis of product type, application, end users, and geography. A branch of agriculture which deals with art, science and business of plant cultivation is called as horticulture. Plants that are included in horticulture are edible as well as ornamental. The major aim of horticulture is to enrich growth of plants, resistance to plant diseases & insects, high yield & nutritional value. In addition, it also focuses on garden design and landscaping, restoration, maintenance, and plant conservation. Plant growth can be stimulated in horticulture by the aid of LED lighting. Horticultural LED lighting is made up of light-emitting diodes, generally in a casing with a heat sink and built-in fans. They can be directly plugged into a standard electrical socket and usually do not need a separate ballast.

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The basic role of these LED lighting in horticulture is to act as daylight so as there is better growth and development of plants in the absence of sunlight. The light intensity can be altered by the grower according to the requirement of a particular crop. They can significantly decrease the energy consumption by the aid of targeted lighting at 450, 660, and 730 nanometres, simultaneously promoting plant growth.

Some of the advantages of LED lighting include easy incorporation into digital control systems, environment friendly, low maintenance, safer to operate as they do not contain mercury, capability to control spectral composition, long lasting, high light output, cool operating temperature and durable. In addition, they can be significantly used for a wide range of plants and are they are highly effective. The factors that propel the growth of the Horticultural LED Lighting Market include increasing population, rising demand for food, and urbanization. In addition, factor such as technological innovations, growing adoption of LED, easy availability, adverse climatic conditions and growing practices of indoor farming are expected to positively fuel the growth of the Horticultural LED Lighting Market.

On the other hand, there are also factors that may hamper the growth of the market such as high purchasing cost. In addition, there can be shift in colours owing to aging effect and temperature. Horticultural LED Lighting Market is classified on the basis of product type as low power (300W) and high power (≥300W).

Horticultural LED Lighting Market is classified on the basis of applications as photoperiodic lighting and photo-morphological control, controlled environment farming, agriculture without natural daylight, and others. Horticultural LED Lighting Market is classified on the basis of end users as commercial greenhouse, indoor and vertical farming, R&D and others. Horticultural LED Lighting Market is classified on the basis of geography as North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, Japan and Middle East and Africa.

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The North American region consists of the U.S., and Canada. Latin America region consists of Mexico and Brazil. The Western European region consists of Germany, Italy, France, England and Spain. The Eastern European region consists of Poland and Russia. Asia Pacific region consists of China, India, ASEAN, Australia & New Zealand. The Middle East and Africa region consists of GCC, South Africa and North Africa. Some of the key players that fuel the growth of the Horticultural LED Lighting Market include Philips, Cree, Cidly, Everlight Electronics, Fionia Lighting, Hubbell Lighting, Heliospectra AB, General Electric, Gavita, Kessil, Osram, Ohmax Optoelectronic,Illumitex, Lumigrow,Valoya, and others.

Farm Insurance Market Growth Revenue and Competitor Analysis Forecast 2012-2022

The global Farm Insurance Market is likely to display a significant growth in the near future owing to augmentation in the applications and expansion of the scope across various sectors. The term Farm Insurance takes in investments that are generally made by a wide range of agricultural producers in various productive as well as useful agricultural activities. Besides, it also involves many risk management and controlling tactics. With the assistance of farm insurance, the overall agriculture yield can be enhanced.

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As the matters of weather fluctuations and natural disasters are at a rise, the crop losses are also increasing at a huge rate that is in turn raising the concerns among the producers to focus more on the farm insurance techniques. The Farm Insurance Industry is attaining huge recognition across the globe as the applications among various sectors are burgeoning at a greater rate.

The Farm Crop Insurance Market is growing at a rapid rate. The factors that are influencing the Farm Insurance market in an optimistic manner may entail rising demands, rise in the research and development activities, rapid urbanization, industrialization, augmented awareness among the end users, rise in the investments by the leading manufacturers, technological enhancements, rising needs, and growth of agriculture sector.

In addition, the concerned manufacturers are also siding with joint ventures, partnerships and acquisitions that is in turn contributing in the inorganic growth of the Farm Insurance Industry. Farm Insurance Market is segregated by type as Crop/Hail, Livestock, Crop/MPCI, and others. This market is split by application as Small Farm, Large Farm, and others. The industry is split by geography as North America, Europe, China, Japan, Southeast Asia, and India. Geographically, North America is lately being recognized as the dominant region in the market. The factors that can be attributed to the growth may entail wider customer base, augmented awareness among the end users, technological enhancements, and rise in the research and development activities.

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On the other hand, factors such as developing nations, mounting income of the population, and emergence of huge market growth opportunities are also offering a great push to the Farm Insurance industry growth as far as Europe and Asia Pacific regions are concerned. The key players that are contributing in the development of the Farm Insurance Market growth may encompass PICC, Chubb, QBE, American Financial Group, Prudential, XL Catlin, Tokio Marine, CGB Diversified Services, New India Assurance, ICICI Lombard, Agriculture Insurance Company of India, CUNA Mutual, Farmers Mutual Hail, Archer Daniels Midland, Everest Re Group, Endurance Specialty, and Zurich (RCIS).