Global Vertical Farming And Plant Factory Sales Increases To 57966 MT In 2018 From 10298 MT In 2013
Friday, 12 Oct, 2018
Vertical farming and plant factory grows plants and produce in a vertical orientation, maximizing the use of the location's square footage. Currently, there are many producing companies in the world vertical farming and plant factory industry. The main market players are AeroFarms, Gotham Greens, Plenty (Bright Farms), Lufa Farms, Beijing IEDA Protected Horticulture and Green Sense Farms, etc.
The sales of vertical farming and plant factory increases to 57966 MT in 2018 from 10298 MT in 2013 with an average growth rate of about 41.35%. The sales market is concentrated in USA, Japan and Europe. These three regions occupied 76.60% of the global consumption of vertical farming and plant factory in 2017.
Vertical farming and plant factory has mainly two planting methods, including hydroponics, aeroponics and others. Among those, hydroponics is the most used method, it occupied 87.70% of the global sales in 2017. With the development of economy, the downstream application industries will need more vertical farming and plant factory. So, vertical farming and plant factory has a huge market potential in the future.
The major plants produced in vertical farming and plant factory include vegetable cultivation, fruit planting and other, etc. Vegetable cultivation occupied 84.92% of the global sales.
We tend to believe this industry is a rising industry, and the consumption increasing degree will show a smooth growth curve. The price presents fluctuation according to the economy development status. Also, there is fluctuation in gross margin.