Europe Vertical Farming System Market was valued at USD 1.1 Billion in 2022 and is projected to reach USD 1.8 Billion by 2030, growing at a CAGR of 6.4% from 2024 to 2030.
Europe's Vertical Farming System Market: Type and Requirements from Industries
The Europe vertical farming system market is experiencing a rapid surge in growth due to its ability to meet the increasing demand for food in urban environments. These innovative farming systems are proving to be a sustainable alternative to traditional agriculture, offering solutions to problems such as space limitations, climate change, and resource shortages. In this article, we explore the different types of vertical farming systems and the requirements that industries have from this growing market.
Vertical farming is essentially a method of growing crops in stacked layers or vertically inclined surfaces. The most common types in Europe include hydroponic, aeroponic, and aquaponic farming systems. Among these, hydroponic farming is the most widely adopted, where plants are grown in a nutrient-rich water solution, eliminating the need for soil. Aeroponics, another prominent type, involves growing plants with their roots suspended in the air and misted with nutrients, ensuring minimal water usage. Aquaponic farming combines fish farming with plant cultivation, creating a symbiotic environment where fish waste provides nutrients for plants, and plants help filter the water for the fish.
From an industrial perspective, vertical farming offers multiple benefits that are driving demand. Industries in the agriculture, food production, and retail sectors are adopting vertical farming due to its efficiency in land use, faster crop yields, and reduced transportation costs. Moreover, vertical farms can be established in urban centers, eliminating the need for long-distance shipping and thus reducing carbon footprints. As urbanization increases, industries are demanding scalable and sustainable solutions to produce fresh food with minimal environmental impact.
The key requirements from industries within the vertical farming system market include access to efficient technologies such as LED lighting, controlled climate systems, and automation tools for planting and harvesting. These technologies ensure that vertical farms operate with high precision and minimum human intervention. Additionally, industries require robust systems for water management and nutrient delivery to optimize crop growth.
Overall, Europe's vertical farming system market is positioned for strong growth, driven by technological advancements and increasing demand from various industries for sustainable, efficient food production systems. As industries look for ways to address challenges related to food security and environmental impact, vertical farming offers a promising solution that meets these needs.
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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
Vertical Harvest
Infinite Harvest
Metro Farms
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Europe Vertical Farming System Market
Hydroponics
Aeroponics
Vertical Aeroponic Systems
Drip Irrigation Systems
Other (e.g., aquaponics, substrate-based systems)
Building-based Vertical Farms
Container-based Vertical Farms
Hybrid Structures
Spinach
Lettuce
Kale
Commercial Growers
Urban Farmers
Research Institutions
Restaurants and Retailers
Home Growers
Standalone Vertical Farms
Integrated Systems with Greenhouses
Hybrid Modeling with Traditional Farming
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Europe Vertical Farming System Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Europe Vertical Farming System Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Europe Vertical Farming System Market, By Type
6. Europe Vertical Farming System Market, By Application
7. Europe Vertical Farming System Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Europe Vertical Farming System Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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