Netherland Vertical Farming Market Overview, 2027

Netherland Vertical Farming Market Overview, 2027

Bonafide Research 29-06-2022 55 Pages Figures : 8 Tables : 15
Region : Europe Country : Netherlands Antilles Category : Food & Beverages Agriculture

Food is traditionally grown on a single, large, horizontal plane outside. The method of growing food vertically inside, using stacked layers of growth surfaces, is known as vertical farming. The basic objective of vertical farming is to increase productivity year-round in a small area. The Netherlands is a small country in terms of land, but it is still one of the world's top exporters of fruits and vegetables. The Netherlands has a good agriculture legacy. Despite being a small nation, the Netherlands is the second-largest exporter of agricultural products in the world, after the United States. The Netherlands exported agricultural products totalling $111 billion in 2017, including $10 billion in flowers and $7.4 billion in vegetables. The Netherlands' agriculture is one of the world’s most productive due to its rich soil fertility. The high soil fertility is partially inherited from the sea and rivers and partially created by humans through the use of manure and fertilizers. All around the world, soil quality is declining. This is the greatest reason for switching to vertical farming. Due to the anticipated detrimental effects on ecosystem services, food security, and human health, the loss of soil biodiversity as a result of intensive agriculture, land degradation, and climate change has drawn attention. Vertical farming is transforming the Dutch agricultural system and implementing soil-free agricultural techniques like hydroponics, aeroponics, and aquaponics in structures like buildings and shipping containers. According to Bonafide Research’s report titled "Netherlands Vertical Farming Market Overview, 2027," the vertical farming market in the Netherlands is expected to grow with a CAGR of 22.91% from the year 2022 to 2027. The Netherlands has more potential in the market for vertical farming. Additionally, the Netherlands has significant access to the global agricultural market as one of the top exporters of fruits and vegetables. By developing a suitable structure, employing appropriate technology, and utilising appropriate components for the technologies, the Netherlands may achieve comparable results with vertical farming. In terms of creating technology for vertical farming, the Netherlands is already quite competent. Amazing hydroponics techniques have been developed in the Netherlands. Both vertical farming and the expanding Dutch greenhouse both employ hydroponics technology. The hydroponic system is based on a growth method in which the plant receives water while developing without soil. In the vertical farming sector, soilless cultivation is most prevalent. The hydroponics vertical farming technique produced USD 90 million worth of goods in 2021. In the Dutch market, both structure methods are becoming quite popular. The Netherlands has an obviously limited amount of land available for farming, and as a result, building-based vertical farming structures are gaining popularity faster than before. Up to 2027, the vertical farming industry based on buildings is predicted to increase at a CAGR of about 21%. LEDs, HVAC, various sensors like humidity and temperature sensors, and other hydroponics components are the main components utilised in vertical farming. Hydroponics components are essential to all vertical farming-based technologies. In the Dutch vertical farming business, hydroponics components hold a roughly 19% market share. And its market share is rapidly expanding. Even though LEDs come in a variety of colours and shapes, demand for them is rising. The Dutch agriculture market has demonstrated to the rest of the world that it is possible to overcome the task of feeding the world's expanding population. At every significant agricultural exhibition, from Europe to Asia, the United States to South America, and the Middle East to Africa, there is always a Dutch Pavilion, in addition to well-known Dutch agricultural firms. The Dutch government intentionally invests in its global footprint since it is aware that cutting-edge know-how is an additional exportable good. The Netherlands' COVID-19 epidemic is still having significant social and economic repercussions, and the Dutch agriculture industry is not exempt. There have been several uncertainties and (possible) dangers. The effects of the coronavirus outbreak became apparent right away. The suspension of air travel and the temporary closing of borders caused constant disruptions to the globally distributed food chain. Due to the stoppage of catering and food services, there was an immediate decline in demand. The impact on the Dutch agricultural sector at this time seems to have been less severe than initially anticipated. The areas of labor, sales, and pricing development are where the largest issues are found. This is the main reason why, throughout the COVID-19 era, vertical farming growth in the Netherlands has slowed to just 3% in the year 2020. Considered in this report • Geography: Netherlands • Historic Year: 2016 • Base year: 2021 • Estimated year: 2022 • Forecast year: 2027 Aspects covered in this report • Netherlands Vertical Farming Market with its value and forecast along with its segments • Application wise vertical farming distribution • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation Based on Growth Mechanism: • Hydroponics • Aeroponics • Aquaponics Based on structure type: • Building based-vertical farming • Shipping based-vertical farming Based on hydroponics components: • Lighting • Climate Control (HVAC) • Sensors • Other Hydroponic Components The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual report of companies, analyzing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to agricultural industry, food & beverage industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

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