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Report
Asia-Pacific Vertical Farming Market - Industry Trends and Forecast to 2030
Market Report I 2022-12-01 I 133 Pages I Data Bridge Market Research
Asia-Pacific vertical farming market is projected to register a CAGR of 27.5% in the forecast period of 2023 to 2030. The new market report contains data for historic year 2021, the base year of calculation is 2022 and the forecast period is 2023 to 2030.
Market Segmentation:
Asia-Pacific Vertical Farming Market, By Growth Mechanism ( Hydroponics, Aeroponics, Aquaponics), Structure( Shipping Containers And Building Based), Type ( Biopesticides, Biofertilizer, Biostimulants), Crop Type ( Leafy Green , Pollinated Plants, Nutraceutical Plant), Application( Indoor, Outdoor), Component ( Lightning, Hydrophonic Component, Climate Control, Sensors)) Country ( Japan, China, South-Korea, India, Singapore, Indonesia, Malaysia, Thailand, Philippines, Australia and Rest Of Asia-Pacific) Industry Trends and Forecast To 2030.
Some of the major factors contributing to the growth of the Asia-Pacific vertical farming market are:
- Increasing demand for organic food
- Limited land availability for traditional agriculture
Market Players
Some of the major players operating in the Asia-Pacific vertical farming market are:
- Signify Holding
- CubicFarm Systems Corp.
- InFarm
- Gills N Claws Pte Ltd
- Sky Greens
- SPREAD Co., Ltd.
- Triton Foodworks
- SANANBIO
- EVERLIGHT
- OSRAM GmbH
- Valoya
- Heliospectra AB
- Jain Irrigation Systems Ltd
- Glenorie Hydroponics
- Sino Opto Technology Co., Ltd
TABLE OF CONTENTS
1 INTRODUCTION 16
1.1 OBJECTIVES OF THE STUDY 16
1.2 MARKET DEFINITION 16
1.3 OVERVIEW OF ASIA-PACIFIC VERTICAL FARMING MARKET 16
1.4 LIMITATIONS 18
1.5 MARKETS COVERED 18
2 MARKET SEGMENTATION 20
2.1 MARKETS COVERED 20
2.2 GEOGRAPHICAL SCOPE 21
2.3 YEARS CONSIDERED FOR THE STUDY 21
2.4 CURRENCY AND PRICING 21
2.5 DBMR TRIPOD DATA VALIDATION MODEL 22
2.6 MULTIVARIATE MODELLING 25
2.7 GROWTH MECHANISM LIFELINE CURVE 25
2.8 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS 26
2.9 DBMR MARKET POSITION GRID 27
2.10 SECONDARY SOURCES 28
2.11 ASSUMPTIONS 28
3 EXECUTIVE SUMMARY 29
4 PREMIUM INSIGHTS 32
5 MARKET OVERVIEW 33
5.1 DRIVERS 35
5.1.1 INCREASING DEMAND FOR ORGANIC FOOD 35
5.1.2 LIMITED LAND AVAILABILITY FOR TRADITIONAL AGRICULTURE 35
5.1.3 GROWING CONCERNS REGARDING POLLUTION FREE ENVIRONMENT 36
5.1.4 RISING ADOPTION OF ADVANCED TECHNOLOGIES FOR FOOD PRODUCTION 37
5.2 RESTRAINTS 38
5.2.1 HIGH INITIAL INVESTMENTS IN VERTICAL FARMING 38
5.2.2 LIMITED VARIETY OF CROPS RESULTS IN ECONOMICAL FEASIBILITY 38
5.2.3 HIGHER ENERGY CONSUMPTION OF LIGHT AND AIR CONDITIONING 39
5.3 OPPORTUNITIES 39
5.3.1 INCREASING UTILIZATION OF IOT SENSORS IN CROP PRODUCTION 39
5.3.2 GROWING PRODUCTION OF BIOPHARMACEUTICAL PRODUCTS 40
5.3.3 GROWING ADOPTION OF LED LIGHTING 40
5.4 CHALLENGES 41
5.4.1 COMPLEXITY OF HORTICULTURE LIGHTING 41
5.4.2 MAINTENANCE OF AIR CIRCULATION IN VERTICAL FARMING 41
5.4.3 VERTICAL FARMING DONE ON LARGE SCALE 42
6 IMPACT ANALYSIS OF COVID-19 43
7 APAC VERTICAL FARMING MARKET, BY GROWTH MECHANISM 45
7.1 OVERVIEW 46
7.2 HYDROPONICS 47
7.3 AEROPONICS 47
7.4 AQUAPONICS 47
8 APAC VERTICAL FARMING MARKET, BY STRUCTURE 48
8.1 OVERVIEW 49
8.2 SHIPPING CONTAINERS 50
8.3 BUILDING BASED 50
9 APAC VERTICAL FARMING MARKET, BY TYPE 51
9.1 OVERVIEW 52
9.2 BIOPESTICIDES 53
9.2.1 MICROBIALS 53
9.2.2 PHEROMONES 53
9.2.3 PLANT EXTRACTS 53
9.3 BIOFERTILIZER 53
9.3.1 NITROGEN FIXING 54
9.3.2 PHOSPHATE-SOLUBILIZING 54
9.3.3 POTASH-MOBILIZING 54
9.4 BIOSTIMULANTS 54
9.4.1 LIQUID 55
9.4.2 DRY 55
10 APAC VERTICAL FARMING MARKET, BY CROP TYPE 56
10.1 OVERVIEW 57
10.2 LEAFY GREEN 58
10.3 POLLINATED PLANTS 58
10.4 NUTRACEUTICAL PLANT 58
11 APAC VERTICAL FARMING MARKET, BY APPLICATION 59
11.1 OVERVIEW 60
11.2 INDOOR 61
11.3 OUTDOOR 61
12 APAC VERTICAL FARMING MARKET, BY COMPONENT 62
12.1 OVERVIEW 63
12.2 LIGHTING 64
12.2.1 GROW LIGHT 64
12.2.2 GROW BALLAST 64
12.2.3 GROW REFLECTORS 64
12.3 HYDROPONIC COMPONENT 64
12.3.1 PUMP & IRRIGATION 65
12.3.2 WATER FILTRATION 65
12.3.3 METERS & SOLUTIONS 65
12.3.4 OTHERS 65
12.4 CLIMATE CONTROL 65
12.4.1 VENTILATION FANS 66
12.4.2 AIR PURIFICATION/CONTROL 66
12.5 SENSORS 66
12.5.1 CO2 SENSORS 67
12.5.2 TEMPERATURE SENSORS 67
12.5.3 NUTRIENT SENSORS 67
12.5.4 CROP SENSORS 67
12.5.5 PH SENSORS 67
12.5.6 OTHERS 67
13 APAC VERTICAL FARMING MARKET, BY COUNTRY 68
13.1 CHINA 73
13.2 JAPAN 76
13.3 SOUTH KOREA 79
13.4 SINGAPORE 82
13.5 AUSTRALIA 85
13.6 INDIA 88
13.7 THAILAND 91
13.8 INDONESIA 94
13.9 MALAYSIA 97
13.10 PHILIPPINES 100
13.11 REST OF APAC 103
14 COMPANY LANDSCAPE 104
14.1 COMPANY SHARE ANALYSIS: ASIA-PACIFIC 104
15 SWOT ANALYSIS 105
16 COMPANY PROFILE 106
16.1 OSRAM GMBH 106
16.1.1 COMPANY SNAPSHOT 106
16.1.2 REVENUE ANALYSIS 106
16.1.3 PRODUCT PORTFOLIO 107
16.1.4 RECENT DEVELOPMENTS 107
16.2 SIGNIFY HOLDING 108
16.2.1 COMPANY SNAPSHOT 108
16.2.2 REVENUE ANALYSIS 108
16.2.3 BRAND PORTFOLIO 109
16.2.4 RECENT DEVELOPMENTS 109
16.3 EVERLIGHT 110
16.3.1 COMPANY SNAPSHOT 110
16.3.2 REVENUE ANALYSIS 110
16.3.3 PRODUCT PORTFOLIO 111
16.3.4 RECENT DEVELOPMENT 111
16.4 JAIN IRRIGATION SYSTEMS LTD 112
16.4.1 COMPANY SNAPSHOT 112
16.4.2 REVENUE ANALYSIS 112
16.4.3 PRODUCT PORTFOLIO 113
16.4.4 RECENT DEVELOPMENT 113
16.5 INFARM 114
16.5.1 COMPANY SNAPSHOT 114
16.5.2 TECHNOLOGY PORTFOLIO 114
16.5.3 RECENT DEVELOPMENT 115
16.6 CUBICFARM SYSTEMS CORP. 116
16.6.1 COMPANY SNAPSHOT 116
16.6.2 REVENUE ANALYSIS 116
16.6.3 PRODUCT PORTFOLIO 116
16.6.4 RECENT DEVELOPMENTS 117
16.7 GILLS N CLAWS PTE LTD 118
16.7.1 COMPANY SNAPSHOT 118
16.7.2 PRODUCT PORTFOLIO 118
16.7.3 RECENT DEVELOPMENTS 118
16.8 GLENORIE HYDROPONICS 119
16.8.1 COMPANY SNAPSHOT 119
16.8.2 PRODUCT PORTFOLIO 119
16.9 HELIOSPECTRA AB 120
16.9.1 COMPANY SNAPSHOT 120
16.9.2 REVENUE ANALYSIS 120
16.9.3 PRODUCT PORTFOLIO 121
16.9.4 RECENT DEVELOPMENTS 121
16.10 SANANBIO 122
16.10.1 COMPANY SNAPSHOT 122
16.10.2 PRODUCT PORTFOLIO 122
16.10.3 RECENT DEVELOPMENT 123
16.11 SINO OPTO TECHNOLOGY CO., LTD 124
16.11.1 COMPANY SNAPSHOT 124
16.11.2 PRODUCT PORTFOLIO 124
16.11.3 RECENT DEVELOPMENTS 124
16.12 SKY GREENS 125
16.12.1 COMPANY SNAPSHOT 125
16.12.2 PRODUCT PORTFOLIO 125
16.12.3 RECENT DEVELOPMENTS 125
16.13 SPREAD CO., LTD. 126
16.13.1 COMPANY SNAPSHOT 126
16.13.2 PRODUCT PORTFOLIO 126
16.13.3 RECENT DEVELOPMENT 126
16.14 TRITON FOODWORKS 127
16.14.1 COMPANY SNAPSHOT 127
16.14.2 PRODUCT PORTFOLIO 127
16.14.3 RECENT DEVELOPMENTS 127
16.15 VALOYA 128
16.15.1 COMPANY SNAPSHOT 128
16.15.2 PRODUCT PORTFOLIO 128
16.15.3 RECENT DEVELOPMENTS 129
17 QUESTIONNAIRE 130
18 RELATED REPORTS 133
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