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.
Crop production produces a huge amount of data. It always becomes crucial to analyze this data and draw insights for effective crop growth. The success of day-to-day operations depends on useful data collection and analysis, which requires crop-specific simulation models to run with minimum human interventions, taking care of all needs specific to a crop grown in the structure. Vertical farming structures depend on a solution that supports different hardware, data collection and integration, data analytics, and automatic control over installed IoT (internet of things) devices within the farm.
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
The Rise of AI and IoT in Europe’s Vertical Farming Crops Market
Artificial intelligence (AI) and the Internet of Things (IoT) are revolutionizing the agricultural sector, particularly in vertical farming. These technologies are addressing critical challenges like climate change and resource scarcity by:
- Optimizing Crop Growth: AI-powered robots and drones monitor plant health and adjust environmental factors (light, temperature, humidity) for maximum efficiency and yield.
- Enhancing Precision Agriculture: Farmers are leveraging these tools to improve crop maintenance and overall farm management.
COVID-19’s Impact and Market Growth
The COVID-19 pandemic significantly accelerated the adoption of vertical farming Crops in Europe. Concerns over labor shortages and supply chain disruptions highlighted the benefits of controlled indoor environments. Furthermore, increased consumer focus on healthy lifestyles and sustainable plant-based diets fueled demand.
- Vertical farms, with their minimal labor requirements and year-round production, offered a resilient solution during the pandemic.
- This surge in interest is driving substantial growth in the European vertical farming crops market, with a projected significant Compound Annual Growth Rate (CAGR) during the forecast period.
Strategic Insights for Vertical Farming Crops Market Success
To capitalize on this growth, stakeholders must leverage data-driven strategic insights. These insights provide:
- Market Analysis: Understanding current trends, key players, and regional variations.
- Competitive Differentiation: Identifying untapped market segments and developing unique value propositions.
- Proactive Decision-Making: Anticipating market shifts and positioning for long-term success.
- Actionable Recommendations: Enabling informed decisions that drive profitability.
Regional Nuances and Vertical Farming Crops Market Focus
Understanding the specific geographic scope of the European market is crucial. This involves recognizing:
- Diverse Consumer Preferences: Tailoring offerings to meet local demands, such as specific crop varieties or technological requirements.
- Varying Economic Conditions: Adapting strategies to different market realities.
- Regulatory Environments: Ensuring compliance with local regulations.
By focusing on these regional nuances, businesses can:
- Expand Market Reach: Identifying underserved areas and adapting to local demands.
- Optimize Resource Allocation: Targeting marketing campaigns and improving competitive positioning.
- Drive Targeted Growth: Creating strategies that fit the specific needs of each region.
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Author’s Bio:
Suryakant Gadekar
Senior Market Research Expert at Business Market Insights
