The Europe vertical farming market is anticipated to grow significantly at a CAGR of 18.7% over the forecast period (2020-2026). The UK, Germany, France, Italy, Spain, and the Rest of Europe are the major economies driving the growth of the Europe vertical farming market over the forecast period. The major aspects that are primarily driving the Europe vertical farming market are the rise in urban population, declining water levels, scarcity of land, and an increase in demand for organic food among the people across the region. Besides, decrease the dependency on the imported food products, unfavorable weather conditions for the traditional farming approaches along with the need for new productive farming activities for fresh food production are some other factors contributing to the market growth in the region.
Browse the full report description of "Europe Vertical Farming Market Size, Share & Trends Analysis Report by Structure Type (Building-based Vertical Farming and Shipping Container-based Vertical Farming), by Growth Mechanism (Aeroponics, Hydroponics, and Aquaponics), and by Component (Sensors, Lighting, Climatic Controls, Irrigation Component, Building Material, and Other Components) Forecast, 2020-2026" at https://www.omrglobal.com/industry-reports/europe-vertical-farming-market
Besides, the presence of the various players such as Agrilution GmbH, GrowUp Farms Ltd., Infarm- Indoor Urban Farming GmbH, Plantagon International AB, and Signify Holding (Koninklijke Philips N.V.), and the key activities adopted by them are likely to further create significant growth opportunities for the market in the region. For instance, in March 2020, Signify Holding (Koninklijke Philips N.V.) extended the partnership with a vertical farming company based in Italy, Planet Farms. Under this partnership, Signify Holding (Koninklijke Philips N.V.) agreed to provide horticulture LED grow lights to an additional five vertical farms that Planet Farms is planning to build in the European countries such as the UK and Switzerland.
Market Coverage
Key questions addressed by the report
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected segment
Europe Vertical Farming Market – Segmentation
By Structure Type
By Growth Mechanism
By Component
Europe Vertical Farming Market – Countries Covered