Global Urban Farming March is projected to reach $ 210.00 billion in 2017 and is expected to reach $ 288.71 billion by 2026, growing at a CAGR of 3.6% over the forecast period. Production of vegetables and fruits in a narrow space, and growing demand for high-class foods, without pesticides or herbicides are some of the factors that propel the market growth. However, high preliminary savings, limits imposed on the range of crops hindered the growth of the market.
An urban farm is a place where agriculture or farming takes place in a city or suburban area. An urban farm consists of roofing agriculture or agriculture of free lots. In almost all cases of urban agriculture, some form of strenuous or vertical gardening must be used due to space constraints.
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Based on growth media, Aeroponics segment is estimated to have a lucrative growth due to the growing plants in undersized spaces, especially indoors. Feeding for aeroponics is also easy because aeroponically grown plants usually involve less nutrients and water. Growing with aeroponics is not complicated and the benefits far outweigh any disadvantages.
Due to geography, Asia Pacific region is constantly improving for the expansion of urban agriculture throughout the estimation period. Factors such as narrow country accessibility to feed the swelling of the population and the emerging economies in countries like India and China are predicted to guide the development of the market in this province.
Some of the key players profiled in the Urban Farming market include UrbanFarmers AG, Urban Crops, SproutsIO, Sky Green, Pasona O2, Koninklijke Philips NV, Illumitex, GrowUP Urban Farms, Green Sense Farms, Gotham Greens, Garden Fresh Farms, Everlight Electronics, Edenworks Inc., Brooklyn Grange Farm, BrightFarms, American Hydroponics, and Agrilution.
Farm types covered:
• Home Gardens
• Corporate
• Community
• Other farm varieties
Growth products covered:
• Aeroponics
• Aquaponics
• Hydroponics
Structures covered:
• Outdoor farm
• Indoor farm
Crop types covered:
• Non-Food Crops
• Food Crops
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Applications covered:
• Agriculture
• Commercial
• Other applications
Roof regions:
• North America
o US
o Canada
or Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of the Middle East & Africa
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– Market share ratings for regional and country level segments
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