Product Code: ETC4444948 | Publication Date: Jul 2023 | Updated Date: Feb 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 | |
The vertical farming market in Singapore is gaining momentum as a sustainable solution to the challenges posed by traditional agriculture, such as land scarcity and environmental concerns. With a strong emphasis on local food production and reduced resource consumption, vertical farming systems are being adopted in urban areas. Advanced technologies, including LED lighting and automated climate control, are driving the efficiency and productivity of vertical farms. The government`s support and investments in agri-tech initiatives further boost this market`s potential.
The Singapore Vertical Farming market is primarily driven by the need for sustainable and efficient food production. Limited land availability and the desire for locally sourced, fresh produce have fueled the adoption of vertical farming techniques. Technological advancements in automation, hydroponics, and LED lighting systems are key drivers, enabling year-round cultivation and reducing the environmental footprint of agriculture.
The vertical farming industry in Singapore faces multiple challenges, notably land scarcity and high operational costs. Singapore limited land availability means that vertical farming has to contend with high real estate expenses, which can impact the economic viability of such operations. Energy efficiency is another concern, as the need for controlled environments with artificial lighting and climate control systems can lead to increased electricity usage and costs. Furthermore, ensuring the quality and safety of vertical farm produce is essential, and maintaining strict quality standards is challenging.
The COVID-19 pandemic had mixed effects on the vertical farming market in Singapore. On one hand, the crisis highlighted the importance of food security and local production. This led to increased interest in vertical farming as a sustainable solution to produce fresh, local food. However, the initial lockdowns and disruptions in supply chains affected some vertical farming operations. Despite these challenges, the pandemic spurred investment in this sector, and the Singaporean government provided support to bolster the local agriculture industry. As a result, the vertical farming market is expected to experience continued growth in the post-pandemic era.
Key players in the Singapore vertical farming market include AeroFarms, Sky Greens, and Freight Farms. These companies are pioneers in urban agriculture, utilizing vertical farming systems to produce fresh, locally grown produce in a sustainable and controlled environment.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Singapore Vertical Farming Market Overview |
3.1 Singapore Country Macro Economic Indicators |
3.2 Singapore Vertical Farming Market Revenues & Volume, 2021 & 2031F |
3.3 Singapore Vertical Farming Market - Industry Life Cycle |
3.4 Singapore Vertical Farming Market - Porter's Five Forces |
3.5 Singapore Vertical Farming Market Revenues & Volume Share, By Growth Mechanism , 2021 & 2031F |
3.6 Singapore Vertical Farming Market Revenues & Volume Share, By Structure , 2021 & 2031F |
3.7 Singapore Vertical Farming Market Revenues & Volume Share, By Component, 2021 & 2031F |
4 Singapore Vertical Farming Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Singapore Vertical Farming Market Trends |
6 Singapore Vertical Farming Market, By Types |
6.1 Singapore Vertical Farming Market, By Growth Mechanism |
6.1.1 Overview and Analysis |
6.1.2 Singapore Vertical Farming Market Revenues & Volume, By Growth Mechanism , 2021-2031F |
6.1.3 Singapore Vertical Farming Market Revenues & Volume, By Hydroponics, 2021-2031F |
6.1.4 Singapore Vertical Farming Market Revenues & Volume, By Aeroponics, 2021-2031F |
6.1.5 Singapore Vertical Farming Market Revenues & Volume, By Aquaponics, 2021-2031F |
6.2 Singapore Vertical Farming Market, By Structure |
6.2.1 Overview and Analysis |
6.2.2 Singapore Vertical Farming Market Revenues & Volume, By Building-based vertical farm , 2021-2031F |
6.2.3 Singapore Vertical Farming Market Revenues & Volume, By Shipping container-based vertical farm, 2021-2031F |
6.3 Singapore Vertical Farming Market, By Component |
6.3.1 Overview and Analysis |
6.3.2 Singapore Vertical Farming Market Revenues & Volume, By Irrigation Component, 2021-2031F |
6.3.3 Singapore Vertical Farming Market Revenues & Volume, By Lighting, 2021-2031F |
6.3.4 Singapore Vertical Farming Market Revenues & Volume, By Sensor, 2021-2031F |
6.3.5 Singapore Vertical Farming Market Revenues & Volume, By Climate Control, 2021-2031F |
6.3.6 Singapore Vertical Farming Market Revenues & Volume, By Building Material, 2021-2031F |
7 Singapore Vertical Farming Market Import-Export Trade Statistics |
7.1 Singapore Vertical Farming Market Export to Major Countries |
7.2 Singapore Vertical Farming Market Imports from Major Countries |
8 Singapore Vertical Farming Market Key Performance Indicators |
9 Singapore Vertical Farming Market - Opportunity Assessment |
9.1 Singapore Vertical Farming Market Opportunity Assessment, By Growth Mechanism , 2021 & 2031F |
9.2 Singapore Vertical Farming Market Opportunity Assessment, By Structure , 2021 & 2031F |
9.3 Singapore Vertical Farming Market Opportunity Assessment, By Component, 2021 & 2031F |
10 Singapore Vertical Farming Market - Competitive Landscape |
10.1 Singapore Vertical Farming Market Revenue Share, By Companies, 2024 |
10.2 Singapore Vertical Farming Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |