Asia-Pacific Vertical Farming Market - Industry Size, Opportunity, Growth, Demand, & Forecast To 2027

Asia-Pacific Vertical Farming Market Size, Share, Trend & Market Analysis By Type, By Distribution Channel, By End User, Competition Forecast & Opportunities.

Featured Companies

  • 1. Broan Inc.
  • 2. Pentair PLC
  • 3. Heliospectra AB
  • 4. Sky Greens
  • 5. Signify Holding
  • 6. OSRAM GmbH.
  • More...

As economies grow and the majority of the population demands a higher standard of living, personal health and well-being become a top priority. In the Asia-Pacific region, an increasing number of consumers are searching for fresh leafy vegetables that are free from pesticides and safe to eat. Asia-Pacific is one of the most lucrative markets for the higher growth of the vertical farming market. A growing population across the region directs the higher need for crops to feed them. Also, increasing urbanization has resulted in a lack of arable space across the region. In this scenario, vertical farming is expected to be the viable option. In addition to that, the demand for vertical farming technology is expected to increase across the region into the foreseeable future due to an increasing concentration on organic food consumption. From the research, it has been found that Asia-Pacific consumes over 75% of all vegetables across the globe. Also, the Asia-Pacific is home to some of the largest vertical farms compared to other regions. Companies involved in vertical farming are investing and expanding their operations to other countries, which will, in turn, fuel the market's growth by 2027. Moreover, the growing penetration of technology-enabled devices such as artificial intelligence (AI), robotics, intelligent monitoring, and advanced sensors into vertical farming has propelled the market growth in Asia-Pacific.

According to the report titled "Asia-Pacific Vertical Farming Market Outlook, 2027", published by Actual Research, the vertical farming market is anticipated to grow at a 25.55% CAGR from 2022–2027. The increasing demand for environmentally friendly food production is gaining more traction in the region. Asia-Pacific vertical farming market dominates the global vertical farming market. The geographical opportunities for vertical farming across the region have enhanced opportunities for this industry to grow exponentially. Also, the region aims to save water consumption in agricultural fields and to supply large amounts of pesticide-free food. The Asia-Pacific vertical farming market is segmented into five major countries: China, Japan, Taiwan, Singapore, and South Korea. Among these countries, Japan's vertical farming market is anticipated to acquire the most significant portion of the market share during the forecast period.

Japan has been one of the early adopters of the vertical farming industry. Due to the aging population and rural migration across the country, vertical farming has found its way. According to the research, the number of vegetable vehicle farms or factories across the country has grown from 93 in 2011 to 390 in 2021. This surge is attributed to the technological advancements taking place in the vertical farming industry. In Japan, Spread Co., Ltd., Chubu Electric Power Co., Inc., and ES-CON Japan will jointly establish a new company that will construct and operate vertical farms. As for the first initiative, the company is planning to build an automated vertical farm called "Techno Farm Fukuroi." This farm will be the world’s largest automated farm and will be capable of producing 10 tons of lettuce per day.

According to the report, the Asia-Pacific vertical farming industry is segmented into three types of growth mechanisms, including hydroponics, aeroponics, and aquaponics. Among these types, the hydroponics segment is expected to occupy the largest market share during the forecast period with more than 55%. Vertical farming companies across the Asia-Pacific region are implanting new innovative technologies, majorly in hydroponics. Sustenir (Singapore), for example, opened a 3000 square foot hydroponics vertical farming facility in Tuen Mun (Hong King) in 2019. Further, the market is segmented into two structure types, including building-based vertical farming and shipping container-based vertical farming. Among these structure types, the building-based vertical farming segment is expected to occupy the largest market share with more than 55% during the forecast period. However, the shipping container-based vertical farming segment is projected to grow at a higher growth rate for 2022–2027.

COVID-19:
The pandemic has admittedly upended economic activity across the Asia-Pacific region. In 2020, the government imposed strict lockdown and social distancing norms across the country. That resulted in a major drop in various production units across the region. However, the impact of the free flow of other goods and services combined with the lack of an available labor force has raised the specter of longer-term disruptions to daily life, livelihoods, and cash on hand. By the first quarter of 2021, the demand for organic food will have gained higher momentum across the Asia-Pacific region. Higher concentration on health has accelerated the overall market growth.

Major Companies present in the market:
AeroFarms, Agrilution, American Hydroponics, Sky Greens, Freight Farms, GP Solutions, Inc., Farm.One, Inc., Pentair Aquatic Eco-systems Inc., NutraPonics Canada Corporation, Nelson and Pade, Inc., ECF Farmsystems GmbH, Signify Holding, Heliospectra AB, Lumigrow, Inc., OSRAM GmbH., Crop One Holdings, Plenty Unlimited Inc., Urban Crop Solutions, Brightfarms, Inc., Aponic Limited

Considered in this report
• Geography: Asia-Pacific
• Historic Year: 2016
• Base year: 2021
• Estimated year: 2022
• Forecast year: 2027

Aspects covered in this report
• Asia-Pacific Vertical Farming Market with its value and forecast along with its segments
• Country wise vertical farming market analysis
• Application wise vertical farming distribution
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

Countries covered in the report
• China
• Japan
• Taiwan
• Singapore
• South Korea

Based on Growth Mechanism of vertical farming in the report:
• Hydroponics
• Aeroponics
• Aquaponics

Based on structure type of vertical farming in the report:
• Building based-vertical farming
• Shipping based-vertical farming

Based on hydroponics components of vertical farming in the report:
• Lighting
• Climate Control (HVAC)
• Sensors
• Other Hydroponic Components (Irrigation & fertigation system)

Based on application type in the report:
• Indoor-vertical farming
• Outdoor-vertical farming

Based on crop type in the report:
• Tomatoes
• Bell & Chili peppers
• Lettuce
• Herbs
• Leafy Greens (excluding lettuce)
• Strawberry
• Others

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual report of companies, analyzing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to agricultural industry, food & beverage industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

Keywords: Global vertical farming market size, herbal, botanical, Skyscraper farming, Agricultural techniques, Vertical farming component, farming equipment, Tomato Lettuce vertical farming, Bell & Chili, food & beverage, market demand of vertical farming, hydroponics, aeroponics, aquaponics, shipping container vertical farming, top vertical farming countries, top vertical farming companies, top hydroponics farming by countries, Asia, Asia-Pacific, China, Japan, India, Australia, South Korea.

What's Inside a Actual Market Research`s industry report?

Asia-Pacific dominates the market and is the largest and fastest-growing market in the animal growth promoters industry globally

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Companies Mentioned

  • Broan Inc.
  • Pentair PLC
  • Heliospectra AB
  • Sky Greens
  • Signify Holding
  • OSRAM GmbH.
  • 4D Bios, Inc.
  • Everlight Electronics co. Ltd
  • ZipGrow Inc.

Table of Contents

  • Table of Contents
  • 1. Executive Summary
  • 2. Report Methodology
  • 3. Market Structure
  • 3.1. Market Considerate
  • 3.2. Market Definition
  • 4. Economic /Demographic Snapshot
  • 5. Global Vertical Farming Market Outlook
  • 5.1. Market Size By Value
  • 5.2. Market Share
  • 5.2.1. By Region
  • 5.2.2. By Country
  • 5.2.3. By Company
  • 5.2.4. By Growth Mechanism
  • 5.2.5. By Structure
  • 5.2.6. By Component
  • 5.2.7. By Application Type
  • 5.2.8. By Crop Type
  • 6. Asia-Pacific Vertical Farming Market Outlook
  • 6.1. Market Size By Value
  • 6.2. Market Share
  • 6.2.1. By Country
  • 6.2.2. By Growth Mechanism
  • 6.2.3. By Structure
  • 6.3. China Vertical Farming Market Outlook
  • 6.3.1. Market Size By Value
  • 6.3.2. Market Share
  • 6.3.2.1. By Growth Mechanism
  • 6.3.2.2. By Structure
  • 6.4. Japan Vertical Farming Market Outlook
  • 6.4.1. Market Size By Value
  • 6.4.2. Market Share
  • 6.4.2.1. By Growth Mechanism
  • 6.4.2.2. By Structure
  • 6.5. Singapore Vertical Farming Market Outlook
  • 6.5.1. Market Size By Value
  • 6.5.2. Market Share
  • 6.5.2.1. By Growth Mechanism
  • 6.5.2.2. By Structure
  • 6.6. South Korea Vertical Farming Market Outlook
  • 6.6.1. Market Size By Value
  • 6.6.2. Market Share
  • 6.6.2.1. By Growth Mechanism
  • 6.6.2.2. By Structure
  • 7. Market Dynamics
  • 7.1. Key Drivers
  • 7.2. Key Challenges
  • 8. Market Trends and Developments
  • 8.1. XXXXXX
  • 8.2. XXXXXX
  • 8.3. XXXXXX
  • 9. Company Profiles
  • 9.1. Sky Greens
  • 9.2. Pentair Aquatic Eco-systems Inc.
  • 9.3. Signify Holding
  • 9.4. Heliospectra AB
  • 9.5. OSRAM GmbH
  • 9.6. 4D Bios, Inc
  • 9.7. Everlight Electronics co. Ltd
  • 9.8. ZipGrow Inc.
  • 9.9. Koninklijke Philips NV
  • 10. Strategic Recommendations
  • 11. Disclaimer

List of Tables
Table 1: Top 10 Counties Economic Snapshot 2020
Table 2: Economic Snapshot of Other Prominent Countries 2020
Table 3: Average Exchange Rates for Converting Foreign Currencies into U.S. Dollars
Table 4: Global Vertical Farming Market Share By Region (2016, 2021&2027F)
Table 5: Global Vertical Farming Market Share By Country (2016, 2021&2027F)
Table 6: Global Vertical Farming Market Share By Company By Value (2020)
Table 7: Asia-Pacific Vertical Farming Market Share By Country (2016, 2021&2027F)
Table 8: Key Facts of Sky Greens
Table 9: Key Facts of Pentair Aquatic Eco-systems Inc
Table 10: Key Facts of Signify Holding
Table 11: Key Facts of Heliospectra AB
Table 12: Key Facts of OSRAM GmbH
Table 13: Key Facts of 4D Bios, Inc
Table 14: Key Facts of Everlight Electronics co. Ltd
Table 14: Key Facts of ZipGrow Inc.
Table 14: Key Facts of Koninklijke Philips NV

List of Figures
Figure 1: Global Vertical Farming Market Size By Value 2016 to 2027F (In USD Million)
Figure 2: Global Vertical Farming Market Share By Growth Mechanism (2016, 2021&2027F)
Figure 3: Global Vertical Farming Market Share By Structure (2016, 2021&2027F)
Figure 4: Global Vertical Farming Market Share By Component (2016, 2021&2027F)
Figure 5: Global Vertical Farming Market Share By Application Type (2016, 2021&2027F)
Figure 6: Global Vertical Farming Market Share By Crop Type (2016, 2021&2027F)
Figure 7: Asia-Pacific Vertical Farming Market Size By Value 2016 to 2027F (In USD Million)
Figure 8: Asia-Pacific Vertical Farming Market Share By Growth Mechanism (2016, 2021&2027F)
Figure 9: Asia-Pacific Vertical Farming Market Share By Structure (2016, 2021&2027F)
Figure 10: China Vertical Farming Market Size By Value 2016 to 2027F (In USD Million)
Figure 11: China Vertical Farming Market Share By Growth Mechanism (2016, 2021&2027F)
Figure 12: China Vertical Farming Market Share By Structure (2016, 2021&2027F)
Figure 13: Japan Vertical Farming Market Size By Value 2016 to 2027F (In USD Million)
Figure 14: Japan Vertical Farming Market Share By Growth Mechanism (2016, 2021&2027F)
Figure 15: Japan Vertical Farming Market Share By Structure (2016, 2021&2027F)
Figure 16: Taiwan Vertical Farming Market Size By Value 2016 to 2027F (In USD Million)
Figure 17: Taiwan Vertical Farming Market Share By Growth Mechanism (2016, 2021&2027F)
Figure 18: Taiwan Vertical Farming Market Share By Structure (2016, 2021&2027F)
Figure 19: Singapore Vertical Farming Market Size By Value 2016 to 2027F (In USD Million)
Figure 20: Singapore Vertical Farming Market Share By Growth Mechanism (2016, 2021&2027F)
Figure 21: Singapore Vertical Farming Market Share By Structure (2016, 2021&2027F)
Figure 22: South Korea Vertical Farming Market Size By Value 2016 to 2027F (In USD Million)
Figure 23: South Korea Vertical Farming Market Share By Growth Mechanism (2016, 2021&2027F)
Figure 24: South Korea Vertical Farming Market Share By Structure (2016, 2021&2027F)
Figure 25: Market Attractiveness Index, 2021
Figure 26: Market Attractiveness Index, 2027F
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Asia-Pacific Vertical Farming Market - Industry Size, Opportunity, Growth, Demand, & Forecast To 2027

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