Urban Farming Market is Growing at a CAGR of 32.7% by 2023 – Global Share, Demand and Forecast To 2023

Nov 10, 2017

Global Urban Farming market is growing at a CAGR of 32.7% by 2023. Urban farming includes growing mechanisms such as hydroponics and aeroponics technology, which uses up about 70% less water as compared to traditional farming techniques.

November 10, 2017 /MarketersMedia/ —

The Urban Farming market is segmented by growing medium, hardware, components, structure and crop type. The increase of the Urban farming market could be imputed to the growing urbanization, rising demand for high-quality food with no use of pesticides and weed killers in control climatic conditions. The limited land will provide higher productivity yields across the globe. Nevertheless, the high initial investments, lack of technical and limitations on the form of crops grown are the constraints of the Urban farming market.

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Urban farming industry is a combination of innovative technology & Automation & Big Data and will transform the agribusiness . It can be applied to develop biopharmaceutical products and mega farms in the forecast period. But there are challenges faced by Urban Farming market is increasing in price of food, high consumption of energy and rising in the urban farm scale.

Complete report on Urban Farming Market spread across 132 pages, profiling 10 companies and supported with tables and figures. Inquire for more at https://www.orianresearch.com/enquiry-before-buying/406217

Based on the segmented on the shipping container dominated the Urban Farming market in terms of revenue in 2016 and is estimated to grow in future. The shipping container based farming uses 95% less water than the traditional farming with drip irrigation. The climate control segment is estimated to witness a high growth rate over the forecasted period. The use of LED lighting technology acts as a supplementary light source to the sun and ensures increased productivity with minimum power usage. The hydroponics growing mechanism dominated the segment in 2016 and is expected to remain dominant over the forecast period.

North America, especially United States, will still play an important function in Urban farming industry. The APAC is also the largest market for Urban farming and it is estimated to grow in the forecast period due to rise in demand of organic food and ensuring urban food security.

Urban Farming Market Value Chain Includes Companies:

• Sky Greens
• AeroFarms
• Green Sense Farms
• Agrilution, American Hydroponics
• Illumitex, Koninklijke Philips N.V.
• Urban Crops and Everlight Electronics among others.

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Key Benefit for This Report:

*This report provides current market trends and future growth expectations.
*This report examines the market size and changing competitive dynamics
*It covers information regarding key drivers, challenges or restraining market growth
*It provides a five-year forecast assessed on the basis market value chain, Porter's five forces, and supply chain management.
*Market factor analysis delivers treasured information regarding the possible purchasers and suppliers and understanding the stakeholders involved.
*This report incorporates data regarding companies and business decision by having complete insights on the markets and by creating in depth analysis of market segments.

Target Audience:

*Technology providers
*Technology investors
*Technology standards organizations
*Forums, alliances, and associations, and government bodies
*Venture capitalists
*Private equity firms, analysts and strategic business planners, and others.

Table of Content:
1 Executive Summary
2 Demographic Overview
3 Research Methodology
4 Premium Insights
5 Market Overview
6 Market Factor Analysis
7 GLOBAL URBAN FARMING MARKET BY GROWING MEDIUM
8 GLOBAL URBAN FARMING MARKET BY HARDWARE COMPONENTS
9 GLOBAL URBAN FARMING MARKET BY STRUCTURE
10 GLOBAL URBAN FARMING MARKET BYCROP
11 GLOBAL URBAN FARMING MARKET BY REGION
12 MARKET TRENDS & COMPETITIVE ANALYSIS
13 Company Profiles

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Source URL: https://marketersmedia.com/urban-farming-market-is-growing-at-a-cagr-of-32-7-by-2023-global-share-demand-and-forecast-to-2023/263023

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Source: MarketersMedia

Release ID: 263023

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