The vertical farming crops market in Europe is expected to grow from US$ 115.38 million in 2021 to US$ 360.16 million by 2028; it is estimated to grow at a CAGR of 17.7% from 2021 to 2028.
The agricultural sector generates an immense amount of data, and effectively analyzing this information is vital for successful crop growth. Day-to-day farming operations rely on robust data collection and analysis, which necessitates crop-specific simulation models that can operate autonomously, catering to the unique needs of plants grown in controlled environments.
Vertical farming structures particularly benefit from solutions that encompass diverse hardware, seamless data integration, advanced analytics, and automated control over installed Internet of Things (IoT) devices. Artificial intelligence (AI) plays a crucial role in addressing major industry challenges like climate change and resource scarcity, from managing crop development to predicting optimal yields.
Traditional “flat” farms have already embraced new technologies, with farmers utilizing robots and drones to enhance crop maintenance. AI-controlled robots monitor plant growth and continuously adjust environmental factors, leading to increased efficiency and economic returns. Consequently, AI and IoT are pivotal trends driving growth in the Europe Vertical Farming Crops Market.
The COVID-19 pandemic posed significant concerns for many European farmers, impacting agricultural labor access and complicating international supply chains. However, for proponents of indoor farming, the crisis presented a unique opportunity. The pandemic fueled a surge in interest in vertical farms, where crops can be individually watered, fed, and lit with LED lights, enabling year-round cultivation with minimal labor. As people prioritized healthy lifestyles and sustainable plant-based diets during the COVID-19 outbreak, the Europe Vertical Farming Crops Market experienced a boost.
The European vertical farming crops market is projected to experience substantial growth in the coming years. Vendors can capitalize on this by introducing new features and technologies, attracting new customers, and expanding their presence in emerging markets.
Europe Vertical Farming Crops Market Segmentation
Europe Vertical Farming Crops Market – By Crop Type
- Tomato
- Leafy Greens
- Herbs
- Others
Europe Vertical Farming Crops Market – By End-Use
- Food Service
- Food Retail
Europe Vertical Farming Crops Market – By Farming Technique
- Hydroponics
- Aeroponics
- Aquaponics
Europe Vertical Farming Crops Market – By Country
- Germany
- UK
- France
- Italy
- Russia
- Rest of Europe
Europe Vertical Farming Crops Market – Companies Mentioned
- AeroFarms
- CropOne
- Plantlab
- Gotham Greens
- Infarm
- Agricool
Europe Vertical Farming Crops Market Regional Insights
The geographic scope of the Europe Vertical Farming Crops Market refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
Europe Vertical Farming Crops Market Strategic Insights
Strategic insights for the Europe Vertical Farming Crops Market provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
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Author’s Bio:
Suryakant Gadekar
Senior Market Research Expert at Business Market Insights
