Market Highlights: Plant factory refers to a closed system where artificial farm production is carried out by farmers under regulated conditions. Generally, plant factories are used for organic vegetable production which needs light, moisture, carbon dioxide, and artificial control of temperature. Increasing demand for organic food and higher yield production compared to traditional farming methods and advancement in agricultural science coupled with government initiatives and increasing investment flow expected to drive the plant factory market The market study is being classified, by Application (Homes, Restaurants, Apartments and Greenhouses) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Key Players: The prominent players in the Plant Factory are Philips Lighting (Netherlands), Tsugaru Mirai Agricultural Cooperative Association (Japan), Keystone technology (Japan), Urban Crop Solutions (Belgium), Ryoki Kogyo Co., Ltd. (Japan), Vertical Farm Systems (Australia), Argus Controls Systems (Canada), LumiGrow (United States), Aerofarms (United States), NYK Trading Corporation (Japan), Illumitex (United States), Valoya (United States), Richel Group (France), Logiqs (Netherlands), Advanced Lighting Technologies (United States) and Hydrofarm Inc. (United States).
7th December 2018, JD.com a Chinese e-commerce company has opened a plant factory implementing hydroponic technology in cooperation with Mitsubishi Chemical, Japanese manufacturing, and marketing company to supply fresh food for both online and offline customers.
Key Questions Answered in the Report What will the Plant Factory Market size and the growth rate be in Future? What are the key factors driving the Plant Factory Market? What are the key market trends and macro-economic impacting the growth of the Plant Factory Market? What are the challenges to market growth? Who are the key vendors in the Plant Factory Market? What are the market opportunities and threats faced by the vendors in the Plant Factory Market? Trending factors influencing the market shares of the Vendors. What are the key outcomes of the five forces analysis of the Plant Factory Market?
Research Methodology: The top-down and bottom-up approaches are used to estimate and validate the size of the Global Plant Factory market. In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Plant Factory market. In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc. Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Manufacturers of Plant Factory Equipment, Key Plant Factory Component Manufacturers Key Companies, Technology Providers for Plant Factory, Associations, Organizations, and Alliances Related To Plant Factory, Government Regulatory and Research Organizations, Business Entities and Consulting Companies, Investment Research Firms / Associations, Government Organizations and Others. This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth etc. Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.