Europe Vertical Farming Plant Factory 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.
The European vertical farming industry is experiencing rapid growth, with projections indicating a compound annual growth rate (CAGR) of 22.72% from 2022 to 2027. This surge is driven by the increasing demand for sustainable agricultural practices, efficient land use, and the need to meet the food requirements of urban populations. Vertical farming, which involves cultivating crops in stacked layers within controlled indoor environments, offers solutions to many of the challenges faced by traditional agriculture. citeturn0search0
Key market segments in Europe include:
Growth Mechanisms: Hydroponics dominates with over 58% market share, followed by aeroponics and aquaponics. citeturn0search0
Structural Types: Building-based vertical farming is prevalent, utilizing multi-story buildings and repurposed structures. Shipping container-based farming is also gaining traction for its efficiency. citeturn0search1
Industry requirements are evolving to meet the demands of vertical farming, including:
Advanced Lighting Solutions: Energy-efficient LED systems that support plant growth in indoor settings. citeturn0search1
Climate Control Systems: HVAC technologies that maintain optimal temperature and humidity levels. citeturn0search0
Hydroponic Components: Irrigation and fertigation systems that deliver nutrients directly to plant roots. citeturn0search1
Leading companies in the European vertical farming market include Koninklijke Philips, Heliospectra AB, Agrilution, GP Solutions, Inc., Farm.One, Inc., and ECF Farmsystems GmbH. citeturn0search0 These companies provide innovative solutions and technologies that support the growth and efficiency of vertical farms across the continent.
In summary, the European vertical farming market is poised for significant expansion, driven by technological advancements and a shift towards sustainable agricultural practices. As the industry grows, addressing the specific requirements of vertical farming will be crucial for its continued success and integration into urban food systems.
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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
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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 Plant Factory Market
Hydroponics
Aeroponics
Hydroponic Aeroponics
Others (E.g., aquaponics)
Leafy Greens
Fruits
Herbs
Root Vegetables
Others (E.g., flowers, microgreens)
Commercial Farming
Residential Farming
Research and Development
Educational Institutions
Component-based Systems
Integrated Systems
Mobile Vertical Farms
Container Farms
Plant Growth Lights
Control Systems
Nutrition Delivery Systems
Environmental Control Systems
Others (E.g., irrigation systems, monitoring equipment)
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 Plant Factory 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 Plant Factory Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Europe Vertical Farming Plant Factory Market, By Type
6. Europe Vertical Farming Plant Factory Market, By Application
7. Europe Vertical Farming Plant Factory Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Europe Vertical Farming Plant Factory Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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