Latin America Vertical Farming Market By Growth Mechanism (Hydroponics, Aeroponics And Aquaponics), By Structure (Building Based And Shipping Container), By Offering (Hardware, Software, And Service), By Crop Type And By Region - Industry Analysis, Size, Share, Growth, Trends, And Forecasts 2018-2023

Latin America Vertical Farming Market By Growth Mechanism (Hydroponics, Aeroponics And Aquaponics), By Structure (Building Based And Shipping Container), By Offering (Hardware, Software, And Service), By Crop Type And By Region - Industry Analysis, Size, Share, Growth, Trends, And Forecasts 2018-2023

ID: 2816 | Pages: 145 | October 2018 | Region: Latin America


Latin America Vertical Farming Market was worth USD 0.74 billion in 2018 and expected to be growing at a CAGR of 21%, to reach USD 1.93 billion by 2023. Vertical Farming techniques control factors like the amount of light, environmental dynamics like temperature, humidity, gases, etc., and soil nutrition factors which include the use of fertilizers and other soil products. In some Vertical Farms, natural light is used in combination with artificial lighting and metal reflectors, similar to greenhouses.

Vertical Farming is the latest development in farming, wherein all environmental factors can be controlled. In the Vertical Farming process, foods and medicines are produced in vertically stacked layers, vertically inclined surfaces or in integrated structures like warehouses, shipping containers, skyscrapers, etc.

 Increasing consumer demand for organic foods, foods free from pesticides and genetically modified organisms (GMOs) is the major driving force of the market. The utility of artificial lighting to enhance the yield, health and growth rate of plants coupled with lower dependency on weather for production is driving the market from the producer side. Further, growth in the use of technology such as Internet of Things in Vertical Farming, rapidly expanding populace and increase in the annual production of crops are predicted to exponentially boost market growth. High costs of lighting equipment and continuous maintenance requirement are the constraints faced by the Vertical Farming market.

The Latin-America Vertical Farming market is segmented by Growth Mechanism, Structure, Offering, Crop Type, and Geography. By the Growth Mechanism Type, the market is classified into Hydroponics, Aeroponics, and Aquaponics. By the Structure used, the market is separated into Buildings and Shipping Containers. By the type of Offering, the market is classified into Hardware, Software, and Service. The Vertical Farming market is further segmented on the basis of Crop Type and Geography.

Latin America market region includes countries such as Brazil, Mexico, Argentina, and remaining countries of South America. The market is projected to expand in Latin America as the consumer demand for organic foods is being complimented by rising disposable incomes and the growing populace. Further feasibility of the application of technological advancements in Vertical Farming, which will bring down the costs, is seen as a major factor contributing to market growth in the foreseeable future. Brazil is one of the largest markets in this region followed by Mexico, Argentina, and Columbia.

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

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Study Deliverables                  

                1.3 Base Currency, Base Year and Forecast Periods                          

                1.4 General Study Assumptions                

2. Research Methodology                                           

                2.1 Introduction                               

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Econometric Modelling      

                                2.2.4 Expert Validation  

                2.3 Analysis Design                         

                2.4 Study Timeline                          

3. Overview                                       

                3.1 Executive Summary                

                3.2 Key Inferences                         

                3.3 Epidemology                              

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                    

                4.1 Market Drivers                          

                4.2 Market Restraints                    

                4.3 Key Challenges                         

                4.4 Current Opportunities in the Market                              

5. Market Segmentation                                              

                5.1 Growth Mechanism                

                                5.1.1 Introduction           

                                5.1.2 Hydroponics           

                                5.1.3 Aeroponics             

                                5.1.4 Aquaponics             

                                5.1.5  Y-o-Y Growth Analysis, By Growth Mechanism      

                                5.1.6  Market Attractiveness Analysis, By Growth Mechanism    

                                5.1.7  Market Share Analysis, By Growth Mechanism      

                5.2 Structure                     

                                5.2.1 Introduction           

                                5.2.2 Building Based       

                                5.2.3 Shipping Container              

                                5.2.4 Y-o-Y Growth Analysis, By Structure            

                                5.2.5 Market Attractiveness Analysis, By Structure          

                                5.2.6 Market Share Analysis, By Structure            

                5.3 Offering                       

                                5.3.1 Introduction           

                                5.3.2 Hardware

                                5.3.3 Software  

                                5.3.4 Service      

                                5.3.5 Y-o-Y Growth Analysis, By Offering              

                                5.3.6  Market Attractiveness Analysis, By Offering           

                                5.3.7  Market Share Analysis, By Offering             

                5.4 Crop Type                   

                                5.4.1 Introduction           

                                5.4.2 Y-o-Y Growth Analysis, By Crop Type           

                                5.4.3  Market Attractiveness Analysis, By Crop Type        

                                5.4.4  Market Share Analysis, By Crop Type         

6. Geographical Analysis                                              

                6.1 Introduction                               

                                6.1.1 Regional Trends    

                                6.1.2 Impact Analysis     

                                6.1.3 Y-o-Y Growth Analysis        

                                                6.1.3.1 By Geographical Area

                                                6.1.3.2 By Growth Mechanism

                                                6.1.3.3 By Structure

                                                6.1.3.4 By Offering

                                                6.1.3.5 By Crop Type

                                6.1.4  Market Attractiveness Analysis     

                                                6.1.4.1 By Geographical Area

                                                6.1.4.2 By Growth Mechanism

                                                6.1.4.3 By Structure

                                                6.1.4.4 By Offering

                                                6.1.4.5 By Crop Type

                                6.1.5  Market Share Analysis      

                                                6.1.5.1 By Geographical Area

                                                6.1.5.2 By Growth Mechanism

                                                6.1.5.3 By Structure

                                                6.1.5.4 By Offering

                                                6.1.5.5 By Crop Type

                6.2 Brazil                             

                6.3 Mexico                         

                6.4 Rest of Latin America                             

7. Strategic Analysis                                       

                7.1 PESTLE analysis                         

                                7.1.1 Political     

                                7.1.2 Economic 

                                7.1.3 Social         

                                7.1.4 Technological         

                                7.1.5 Legal          

                                7.1.6 Environmental       

                7.2 Porter’s Five analysis                              

                                7.2.1 Bargaining Power of Suppliers        

                                7.2.2 Bargaining Power of Consumers    

                                7.2.3 Threat of New Entrants     

                                7.2.4 Threat of Substitute Products and Services              

                                7.2.5 Competitive Rivalry within the Industry     

8. Market Leaders' Analysis                                        

                8.1 Sky Greens                 

                                8.1.1 Overview 

                                8.1.2 Product Analysis   

                                8.1.3 Financial analysis  

                                8.1.4 Recent Developments       

                                8.1.5 SWOT analysis       

                                8.1.6 Analyst View          

                8.2 Aerofarms                  

                8.3 Illumitex                      

                8.4 Koninklijke Philips N.V                           

                8.5 Everlight Electronics                

                8.6 Green Sense Farms LLC                         

                8.7 Agrilution                    

                8.8 American Hydroponics                          

                8.9 Urban Crops                               

                8.10 Vertical Farm Systems                         

                8.11 Indoor Harvest Corporation                              

                8.12 American Hydroponics                        

                8.13 Moflo Aeroponics                 

                8.14 SPREAD                      

                8.15 Mirai                           

                8.16 Freight Farms                          

                8.17 Bright Farms                            

                8.18 Plantagon International AB                               

                8.19 Gills N Claws Pte Ltd                             

                8.20 Alesca Life                

                8.21 General Hydroponics                           

                8.22 Heliospectra AB                      

                8.23 GrowUp Urban Farms                         

                8.24 Ecobains Gardens                  

9.Competitive Landscape                                            

                9.1 Market share analysis                            

                9.2 Merger and Acquisition Analysis                       

                9.3 Agreements, collaborations and Joint Ventures                         

                9.4 New Product Launches                         

10.Market Outlook and Investment Opportunities                                          

Appendix                                           

                a) List of Tables                

                b) List of Figures                              

  • Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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  1. Latin America Vertical Farming Market By Growth Mechanism, From 2018-2023 ( USD Billion )
  2. Latin America Hydroponics Market By Region, From 2018-2023 ( USD Billion )
  3. Latin America Aeroponics Market By Region, From 2018-2023 ( USD Billion )
  4. Latin America Aquaponics Market By Region, From 2018-2023 ( USD Billion )
  5. Latin America Vertical Farming Market By Structure, From 2018-2023 ( USD Billion )
  6. Latin America Building Based Market By Region, From 2018-2023 ( USD Billion )
  7. Latin America Shipping Container Market By Region, From 2018-2023 ( USD Billion )
  8. Latin America Vertical Farming Market By Offering, From 2018-2023 ( USD Billion )
  9. Latin America Hardware Market By Region, From 2018-2023 ( USD Billion )
  10. Latin America Software Market By Region, From 2018-2023 ( USD Billion )
  11. Latin America Service Market By Region, From 2018-2023 ( USD Billion )
  12. Latin America Vertical Farming Market By Crop Type, From 2018-2023 ( USD Billion )
  13. Brazil Vertical Farming Market By Growth Mechanism, From 2018-2023 ( USD Billion )
  14. Brazil Vertical Farming Market By Structure, From 2018-2023 ( USD Billion )
  15. Brazil Vertical Farming Market By Offering, From 2018-2023 ( USD Billion )
  16. Brazil Vertical Farming Market By Crop Type, From 2018-2023 ( USD Billion )
  17. Argentina Vertical Farming Market By Growth Mechanism, From 2018-2023 ( USD Billion )
  18. Argentina Vertical Farming Market By Structure, From 2018-2023 ( USD Billion )
  19. Argentina Vertical Farming Market By Offering, From 2018-2023 ( USD Billion )
  20. Argentina Vertical Farming Market By Crop Type, From 2018-2023 ( USD Billion )
  21. Mexico Vertical Farming Market By Growth Mechanism, From 2018-2023 ( USD Billion )
  22. Mexico Vertical Farming Market By Structure, From 2018-2023 ( USD Billion )
  23. Mexico Vertical Farming Market By Offering, From 2018-2023 ( USD Billion )
  24. Mexico Vertical Farming Market By Crop Type, From 2018-2023 ( USD Billion )
  25. Rest of Latin America Vertical Farming Market By Growth Mechanism, From 2018-2023 ( USD Billion )
  26. Rest of Latin America Vertical Farming Market By Structure, From 2018-2023 ( USD Billion )
  27. Rest of Latin America Vertical Farming Market By Offering, From 2018-2023 ( USD Billion )
  28. Rest of Latin America Vertical Farming Market By Crop Type, From 2018-2023 ( USD Billion )
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