(EMAILWIRE.COM, August 02, 2018 ) Market Overview:
In the year 2018 Europe Vertical Farming Market was valued at USD 0.85 Billion. By the year 2023, it is predicted to reach USD 2.31 Billion at 22% CAGR. Vertical farming is the practice of producing food and medicine in vertically stacked layers. The modern idea of vertical farming use indoor farming techniques and Controlled Environment Agriculture (CEA) technology.

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Factors affecting market growth:
• Advance equipped technology and large industries involvement. +
• Increased preference for organic foods, pesticides frees foods. +
• Rise in Population and increase in urbanization. +
• Decline in Water level in the recent years +
• Land for agriculture cultivation is limited. +
• Less dependence on Favorable weather conditions and high water usage, skilled labor. +
• High initial investment for setting up Vertical farming market is restraining market. -
• Production of High value crops and Consumption of artificial light is restraining the market growth. -

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Market Segmentation
The Europe Vertical Farming Market is segmented on the basis of
Growth Mechanism
• Hydroponics
• Aeroponics
• Aquaponics
Structure
• Building Based
• Shining Container
• Shipping Container
Offering
• Hardware
• Software
• Service

Indoor Vertical farms were the biggest application segment of the vertical farming market. Indoor farms include growing vegetables, fruits, etc. in controlled environments. Aeroponics segment is the second most common method of growing leafy vegetables, as it is grown in mist environment without any soil.

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Key players:
Major Market players involved in the Vertical farming market are Illumitex Inc. (U.S), Aerofarms (U.S), Koninklijke Philips N.V (The Netherlands), and Sky Greens (Singapore) among others.

Contact Info:
Name: Mr. Abhishek Shukla
Email: abhishek@marketdataforecast.com
Organization: MarketDataForecast™
Address: 2nd Floor, Above ICICI Bank,B-44, Rd Number 3, Journalist Colony, Film Nagar, Hyderabad, Telangana 500033, India.
Phone: +1-888-702-9626

Contact Information:
Market Data Forecast.
Abhishek Shukla
Tel: +1-888-702-9626
Email us


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