The Asia-Pacific vertical farming market is projected to grow at a modest CAGR of 19.0% during the forecast period (2020-2026). The key aspect that drives the growth of the market includes the need to serve the huge demand for food from the densely populated countries of the Asia-Pacific region. Also, in order to decrease the dependency on imported food, the economies in the region are highly referring to vertical farming. This shift towards vertical farming will yield a high output as well as it will also reduce the food waste during the transportation processes, and grow a sufficient amount of food locally in limited space as well as contribute to the growth of the vertical farming market in the Asia-Pacific region. Besides, a variety of benefits offered by vertical farming along with the rapidly rising trends and popularity of organic food products also encourages the implementation of vertical farming, which, in turn, aids the growth of the vertical farming market over the forecast period.

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The market study of the Asia-Pacific vertical farming market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity of our reports.

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The Asia-Pacific vertical farming market is segmented on the basis of structure type, growth mechanism, and component. Based on the structure type, the market is segmented as building-based vertical farming and shipping container-based vertical farming. Based on the growth mechanism, the market is segmented as aeroponics, hydroponics, and aquaponics. Based on the component, the market is segmented as sensors, lighting, climatic controls, irrigation component, building material, and other components.

Geographically, the Asia-Pacific vertical farming market is segmented into China, India, Japan, ASEAN, South Korea, and the Rest of Asia-Pacific. Japan is estimated to register a significant market growth over the forecast period. Further, 4D Bios Inc., Alesca Life Technologies Ltd., Everlight Electronics Co., Ltd., FarmvisionAI (Illumitex Inc.), Gills N Claws Pte. Ltd., Heliospectra AB, Sky Greens Pte. Ltd., and SPREAD Co. Ltd. among others are some of the prominent players functioning in the Asia-Pacific vertical farming market. New product launches & developments, partnerships, agreements, and acquisitions are some of the growth strategies adopted by the players in order to sustain in the highly competitive market.

Asia-Pacific Vertical Farming Market – Segmentation
by Structure Type
Building-based Vertical Farming
Shipping Container-based Vertical Farming
by Growth Mechanism
Aeroponics
Hydroponics
Aquaponics
by Component
Sensors
Lighting
Climatic Controls
Irrigation Component
Building Material
Other Components
Asia-Pacific Vertical Farming Market – Segmentation by Region 
Asia-Pacific
China
India
Japan
ASEAN
South Korea
Rest of Asia-Pacific

Company Profiles
4D Bios Inc.
Alesca Life Technologies Ltd.
Everlight Electronics Co., Ltd.
FarmvisionAI (Illumitex Inc.)
Gills N Claws Pte. Ltd.
Heliospectra AB
Mirai Co. Ltd.
Signify Holding (Koninklijke Philips N.V.)
Sky Greens Pte. Ltd.
SPREAD Co. Ltd.


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