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The Europe Vertical Farming Market would witness market growth of 20.3% CAGR during the forecast period (2017 - 2023). Vertical farming is a process that is used to produce food and medicine in vertically stacked layers, vertically inclined surfaces andor integrated in other structures (such as in a skyscraper, used warehouse, or shipping container).
The vertical farming practice uses indoor farming methods and controlled-environment agriculture (CEA) system, as it possible to fully control environmental factors. The vertical farming facilities artificially control light, environmental changes (humidity, temperature, gases) and fertigation. In Europe, the adoption of vertical farming is growing due to initiatives taken by the European Environment Agency (EEA).
The agency is focusing on building vertical farms to contain challenges such as climate change, population growth, and also address challenges of producing food in a more environmentally-friendly way with quality and quantity. Based on Growth Mechanism, the market report segments the market into Hydroponics, Aeroponics, and Aquaponics. Based on Component, the market report segments the market into Lighting, Building Material, Irrigation Component, Sensor, Climate Control, and Others.
Based on Countries, the Vertical Farming market segments the market into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The market research report covers the analysis of key stake holders of the Vertical Farming Market. Key companies profiled in the report include AeroFarms, Urban Crops Solutions, Illumitex, Inc., Koninklijke Philips N.V., Sky Green Ltd., Everlight Electronics Co., Ltd., American Hydroponics, Hort Americas, Agrilution, and Green Sense Farms, LLC..