Europe Vertical Farming Crops Market Segmentation and Forecasts, 2021 - 2028

The Europe Vertical Farming Crops Market is expected to grow from US$ 115.38 million in 2021 to US$ 360.16 million by 2028; it is estimated to grow at a CAGR of 17.7% from 2021 to 2028.

The intricate world of crop production generates a wealth of data, the insightful analysis of which is paramount for fostering effective plant growth. Efficient day-to-day operations hinge on meticulous data collection and subsequent analysis. This necessitates the deployment of crop-specific simulation models that operate with minimal human intervention, addressing the unique needs of each cultivated crop within the controlled environment. Vertical farming structures, in particular, rely on comprehensive solutions that seamlessly integrate diverse hardware, data acquisition, and analytical tools, coupled with automated control over the array of Internet of Things (IoT) devices installed within the farm.

Artificial intelligence (AI) emerges as a powerful ally in tackling the significant challenges facing the agricultural industry, including the impacts of climatic changes and the scarcity of resources. From precisely managing crucial aspects of crop growth to forecasting which crops will deliver superior yields, AI offers transformative potential. Notably, conventional flat-farm agriculture has already witnessed the integration of innovative tools to streamline and enhance farming practices. Robots and drones are increasingly employed to refine crop maintenance, with AI-driven robots diligently monitoring plant development and continuously fine-tuning environmental parameters to maximize efficiency and economic output. Consequently, the convergence of artificial intelligence (AI) and the Internet of Things (IoT) stands out as a defining trend in the Europe vertical farming crops market, significantly propelling its expansion.

The COVID-19 pandemic presented a considerable challenge for numerous European farmers, posing threats to agricultural labor accessibility and disrupting international supply chains. However, for proponents of indoor farming methodologies, the crisis unveiled a unique opportunity. The pandemic spurred a notable surge in interest in ‘vertical farms,’ where crops can be individually managed with precise watering, nutrient delivery, and LED lighting, enabling year-round cultivation with reduced labor requirements. Furthermore, the COVID-19 outbreak heightened public awareness regarding healthy lifestyles and the adoption of more sustainable plant-based diets. Thus, the Europe vertical farming crops market experienced a positive impact from the pandemic.

Vendors operating within this space possess the potential to attract new customers and broaden their market presence in emerging regions by introducing novel features and cutting-edge technologies, thereby fueling the growth of the Europe vertical farming crops market. Consequently, the Europe vertical farming crops market is anticipated to exhibit a substantial Compound Annual Growth Rate (CAGR) throughout the forecast period.

Europe Vertical Farming Crops: Strategic Insights

Strategic insights pertaining to the Europe Vertical Farming Crops market furnish a data-centric analysis of the industry's landscape, encompassing prevailing trends, key market participants, and nuanced regional variations. These insights provide actionable recommendations, empowering stakeholders to differentiate themselves from competitors by pinpointing untapped market segments or formulating distinctive value propositions. By leveraging the power of data analytics, these insights facilitate industry players in anticipating market shifts, whether they are investors, manufacturers, or other relevant stakeholders. Adopting a future-oriented perspective is crucial, enabling stakeholders to foresee market evolutions and strategically position themselves for sustained success within this dynamic European market. Ultimately, effective strategic insights equip readers with the knowledge to make well-informed decisions that drive profitability and achieve their overarching business objectives within the Europe vertical farming crops market.

Europe Vertical Farming Crops: Regional Insights

The geographic scope of the Europe Vertical Farming Crops market delineates the specific territories in which businesses operate and compete. A thorough understanding of local distinctions, such as diverse consumer preferences (for example, varying demand for specific plug types or battery backup durations), differing economic conditions, and distinct regulatory frameworks, is indispensable for tailoring strategies to resonate with specific markets. Businesses can extend their market reach by identifying underserved areas or adapting their offerings to align with local demands. A clearly defined market focus enables more efficient resource allocation, targeted marketing initiatives, and enhanced positioning against local competitors, ultimately fostering growth within those specific targeted regions.

Europe Vertical Farming Crops Market Segmentation

Europe Vertical Farming Crops Market – By Crop Type

• Tomato

• Leafy Greens

• Herbs

• Others

Europe Vertical Farming Crops Market – By End-Use

• Food Service

• Food Retail

Europe Vertical Farming Crops Market – By Farming Technique

• Hydroponics

• Aeroponics

• Aquaponics

Europe Vertical Farming Crops Market – By Country

• Germany

• UK

• France

• Italy

• Russia

• Rest of Europe

Europe Vertical Farming Crops Market – Companies Mentioned

• AeroFarms                                

• CropOne                                    

• Plantlab                                     

• Gotham Greens                       

• Infarm                                       

• Agricool

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Author’s Bio:

Suryakant Gadekar

Senior Market Research Expert at Business Market Insights