Japan Vertical Farming Market Size, Share, and COVID-19 Impact Analysis, By Type (Hydroponics, Aeroponics, and Aquaponics), By Component (Sensors, Lighting System, Irrigation & Fertigation System, Climate Control, and Others), and Japan Vertical Farming Market Insights, Industry Trend, Forecasts to 2030Industry: Agriculture
The Vertical Farming market in Japan is expected to grow at a significant CAGR during the forecast period. Japan has a low agricultural area and a large population density. As a result, the country is heavily reliant on horticulture and vertical farming practices to maximize agricultural output. Vertical Farming’s' ability to produce more yield than traditional farming techniques, combined with a decrease in arable land per capita, is propelling the Japan Vertical Farming Market forward.
Vertical farming is a method of growing crops in an urban setting on a vertically inclined surface. Crops are stacked in an upward direction rather than covering a large land area with a single layer of crops. This could help to solve many future problems, such as malnutrition, polluted food, and other issues that may arise as a result of food scarcity. Vertical farming implements technologies to create an artificial environment within a storage, allowing plants to grow more nutritiously in less time than traditional agriculture. In Japan, vertical farming has gained significant attention in recent years as an innovative solution to the country's limited arable land and increasing demand for locally grown produce. Vertical farming involves growing crops in vertically stacked layers, often in controlled indoor environments using artificial lighting and hydroponic systems. This method of farming offers several benefits, including higher yields, reduced water usage and pesticide use, and year-round production. Additionally, vertical farming can provide fresh produce to urban areas, reducing transportation costs and carbon emissions. Mirai Co. specializes in growing strawberries and has developed a unique system that allows the fruit to be grown vertically on shelves, resulting in higher yields and better quality. As the demand for sustainable and locally grown produce continues to rise, vertical farming is poised to play a significant role in Japan's agricultural future.
This research report categorizes the market for Japan Vertical Farming Market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Japan Vertical Farming Market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segments of the Japan Vertical Farming Market.
Japan Vertical Farming Market Report Coverage
|Historical Data for:||2020 to 2022|
|No. of Pages:||120|
|Tables, Charts & Figures:||94|
|Segments covered:||By Type, By Component,|
|Companies Covered:||ES-CON Japan Ltd, Chubu Electric Power Co., Inc., Mirai Co., Spread, Oishii, Techno Farm Narita|
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The increasing difficulties of available land for agricultural production in response to increasing demand drive Japan's vertical farming market growth. Japan is a densely populated country with limited arable land, making traditional farming methods challenging. Vertical farming offers a way to maximize crop yields in a small space, making it an attractive solution for Japanese farmers. Vertical farming technology can enhance water retention by regulating environmental conditions. The Japanese government has supported vertical farming by providing funding as well as subsidies to promote the use of this advanced method of farming. Advances in technology have made vertical farming more efficient and cost-effective. Automated systems, LED lighting, and hydroponic systems have all contributed to the growth of the industry.
The initial investment required to set up a vertical farm can be high. The cost of equipment, lighting, and other infrastructure can be a significant barrier to entry for small-scale farmers. Vertical farms require significant energy to operate, particularly for lighting and climate control. This can result in high energy costs, which can be a significant financial burden for farmers. Vertical farming is a relatively new and complex farming method that requires specialized knowledge and skills. Farmers need to be trained to manage the various systems involved in vertical farming, including hydroponics, lighting, and automation. While vertical farming is an effective way to grow certain crops, such as leafy greens and herbs, it may not be suitable for all crops. These factors can hinder the market during the forecast period.
The Japan Vertical Farming Market share is segmented into type and component.
- The hydroponics segment is anticipated to hold the largest share during the study period.
Vertical farming in Japan is classified into three types: hydroponics, aeroponics, and aquaponics. Among these, the hydroponics segment is expected to have a significant share of the market over the projection period. Because of the rising demand for safe and healthy food, hydroponics is estimated to grow rapidly. Hydroponics is a type of growing plants in which soil is not require, by using a water-based nutrient solution and an aggregate substrate or growing media such as coir, vermiculite, coconut or perlite.
- The lighting system is anticipated to expand significantly during the forecast period.
The Japan vertical farming market is classified into components such as sensors, lighting systems, irrigation and fertigation systems, climate control, and others. Lighting systems are projected to increase substantially during the period of study. LED lighting systems are increasingly being used to reduce power consumption and operational costs. LED lighting systems produce less heat than traditional light sources, making them ideal for agricultural use.
The report offers the appropriate analysis of the key organizations/companies involved within the Japan vertical farming market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.
List of Key Companies
- ES-CON Japan Ltd
- Chubu Electric Power Co., Inc.
- Mirai Co.
- Techno Farm Narita
Key Target Audience
- Market Players
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
- On July 2021, Spread Co., Ltd., Chubu Electric Power Co., Inc., and ES-CON JAPAN Ltd. Has announced an investor agreement for the formation of TSUNAGU Community Farm LLC to build and operate vertical farms.
This study forecasts revenue at, regional, and country levels from 2019 to 2030. Spherical Insights has segmented the Japan Vertical Farming Market based on the below-mentioned segments:
Japan Vertical Farming Market, By Type
Japan Vertical Farming Market, By Component
- Lighting System
- Irrigation & Fertigation System
- Climate Control
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