Vertical farming has attracted attention in recent years, and there are now significantly more vertical farms in Europe, Asia, and North America. Vertical farming swiftly developed into a multi-billion dollar business from a unique, emerging technology. Vertical farming techniques' effectiveness and myriad benefits are the main drivers of this expanding interest. However, these are only two of the many benefits that vertical farms provide. They are frequently lauded for their exceptional capacity to drastically minimize the consumption of natural resources like land and water. Vertical farms can produce a variety of fresh, herbicide- and pesticide-free crops all year round because of their highly automated facilities and regulated environments. Additionally, they can entirely stop the production of significant environmental pollutants like agricultural runoff and greenhouse gas emissions.
According to Actual Market Research’s report titled “UK Vertical Farming Market Overview, 2027” the vertical farming market of UK is expected to grow with a CAGR of 24.29% from 2022 to 2027. In the past, several significant projects have been announced in the UK. Shockingly fresh, located in Edinburgh, has plans to build 40 sites and already has five underway, including one in Scotland and four in England. Large grocery retailer Ocado is also participating, having made a 2019 investment of $17.80 million. It has also acquired a 58 percent ownership in JFC (Jones food company), a vertical farming business with operations in Lincolnshire that produce 420t of leafy greens annually in a facility that is 5,120 square meters in size, or roughly comparable to 26 tennis courts. Growing Underground, a vertical farming business in London grows micro greens and salad leaves beneath the bustling streets of Clap ham. At the same time, Lettuce Grow, a Bristol firm, offers the necessary cutting-edge equipment.
Vertical farms use Hydroponic, Aquaponic, and Aeroponic processes in place of the soil-based growth techniques often used in horizontal farming. Growing mediums including clay pellets, perlite, coconut coir, Rockwool, and oasis cubes give plants physical support. The health of the plants is improved in an Aeroponic chamber because the roots have more access to air gases like oxygen. An Aeroponic system makes sure that won't happen. Plant roots can get water-logged and depleted of oxygen when buried, much like overwatering your home plant will drown it. Aeroponics is growing with the highest CAGR of around 28% by the end of the forecasted period. Significant components like lighting, sensors, climate control (HVAC), and hydroponics are used in vertical farming. The lighting of vertical agriculture has the highest growth in the United Kingdom. Light emitting diodes produce less heat than conventional lighting sources, which makes them excellent for use in growth spaces with vertical stories since heat rises and can overheat the growing area. LEDs produce the same amount of light and last far longer than traditional lights, growing around a CAGR of 23%. Minimizing environmental harm and providing enough food to support an expanding population while urban areas grow and encroach on farmland are two of the most significant difficulties confronting UK farmers. Due to the enormous demand for farmland in the UK and the limited supply of conventional farmland suitable for growing crops, some local farmers are finding it difficult to make a living. Future farming will undoubtedly become more and more mechanized as the workforce issue persists. In all of Europe, the UK has the best potential for considerable vertical farming growth and has the potential to take the lead in the sector.
Considered in this report
Historic Year: 2016
Base year: 2021
Estimated year: 2022
Forecast year: 2027
Aspects covered in this report
UK Vertical Farming Market with its value and forecast along with its segments
Application wise vertical farming distribution
Various drivers and challenges
On-going trends and developments
Top profiled companies
Based on Growth Mechanism:
Based on structure type:
Building based-vertical farming
Shipping based-vertical farming
Based on hydroponics components:
Climate Control (HVAC)
Other Hydroponic Components
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.
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.
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