What is Urban Farming?
Urban farming refers to agricultural practices in city areas and their surrounding regions, and is a centralized operation involving horticulture, animal husbandry, aquaculture, and different practices for producing clean meals or different agricultural products. Urban farming can additionally encompass animal husbandry, beekeeping, aquaculture, aquaponics, and non-food merchandise such as producing seeds, cultivating seedlings, and developing flowers. Urban agriculture will increase get entry to healthy, affordable, clean produce and gives communities with possibilities to research about vitamin and developing food.
The market study is broken down, by Application (Commercial, Agriculture and Others) and major geographies with country level break-up.
The market is seeing moderate market players, by seeing huge growth in this market the key leading vendors are highly focusing towards the production technologies, efficiency enhancement and product life. There is various growth opportunity in this market which is captured by leading players via tracking the ongoing process enhancement and huge invest in market growth strategies. Analysts at AMA Research estimates that Manufacturers from United States will contribute to the maximum growth of Global Urban Farming market throughout the predicted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Signify (Netherlands), Osram (Germany), Freight Farms (United States), AeroFarms (United States), Sky Greens (Singapore), Spread (Japan), Plenty (United States), Valoya (Finland), Everlight Electronics (Taiwan) and Heliospectra AB (Sweden) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Green Sense Farms (United States), Agrilution (Germany), American Hydroponics (United States), Urban Crop solutions (Belgium) and Vertical Farm Systems (Australia).
AdvanceMarketAnalytics has segmented the market of Global Urban Farming market by Type, Application and Region.
On the basis of geography, the market of Urban Farming has been segmented into 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). If we see Market by Crops, the sub-segment i.e. Non-Food Crops (Medicinal Herbs, Ornamental Plants, Aromatic Herbs, Others) will boost the Urban Farming market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Farm, the sub-segment i.e. Corporate will boost the Urban Farming market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Growing, the sub-segment i.e. Aquaponics will boost the Urban Farming market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Structure, the sub-segment i.e. Indoor will boost the Urban Farming market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
For instance, in November 2019, Sustenir (Singapore), an agritech company, launched a 30,000 sq. ft. hydroponics vertical farming facility in Tuen Mun, Hong Kong. Hong Kong is a densely populated country with limited availability of land for farming. The produce from conventional farming is not enough to serve the local demand, and hence the country relies highly on imported produce.
In 2021, Cargill Partnered with the vertical farming leader AeroFarms aiming to improve cocoa bean yields and develop more climate-resilient farming practices. Together, the two organizations will experiment with different indoor growing technologies, including aeroponics and hydroponics, light, carbon dioxide, irrigation, and nutrients, to identify the optimal conditions for cocoa tree growth.
- Shrinking Agricultural Land Area
- Rise in Popularity of Organic Food
- Optimal use of Vertical Space and Balanced Energy Utilization
- Growing Urban Population and Surge in Adoption of Technology Driven Agriculture
- Reduced Environmental Impact from Agriculture by Adoption of Urban Farming
- High Initial Investments and Involvement of Nascent Technology
- Lack of Technically Skilled Workforce
- Limited Crop Types
- Maintenance of Temperature, Humidity, and Air Circulation in an Urban Farm
- Not Suitable for All Types of Crops
Key Target AudienceVenture Capitalists and Private Equity Firms, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
About ApproachTo evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.
Frequently Asked Questions (FAQ):
1. What all players are profiled in the study?
The standard version of the report profiles players such as Signify (Netherlands), Osram (Germany), Freight Farms (United States), AeroFarms (United States), Sky Greens (Singapore), Spread (Japan), Plenty (United States), Valoya (Finland), Everlight Electronics (Taiwan) and Heliospectra AB (Sweden) etc.
2. Can we have customized study for Urban Farming Market?
The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.
3. What would be the Market Size of Urban Farming Market by 2027?
Analysts at AMA estimates Urban Farming Market to reach USD Million by 2027.