Vertical Farming Market Size, Share, Trends, Growth Outlook

Vertical Farming Market is estimated to increase at a growth rate of 23.5% CAGR over the forecast period from 2024 to 2030.

The Vertical Farming Market Study forecasts the market size across 6 regions and 24 countries for diverse segments including-Type (Hydroponics, Aeroponics, Aquaponics, Location, Outdoor, Indoor), Application (Commercial Greenhouses, Indoor Grown Facilities, Research Organizations), Technology (Lighting Sensor System, Irrigation System, Climate Control System, Others), Structure (Building Based, Container-Based).

An Introduction to Vertical Farming Market, 2024

Vertical Farming: The market for vertical farming is driven by the need for sustainable and efficient agricultural practices to meet the demand for fresh produce. Key drivers include the adoption of indoor farming systems that use vertical stacking and controlled environments to grow crops, offering year-round production, reduced water usage, and optimal space utilization. Vertical farming caters to urban areas, remote locations, and regions with limited arable land, providing locally grown, pesticide-free, and high-quality vegetables. The market growth is influenced by the emphasis on food security, climate change, urbanization, and the technology advancements enabling controlled environment agriculture.

Vertical Farming Market Trend: Growing Adoption of Vertical Farming Technologies

A prominent trend in the Vertical Farming market is the growing adoption of vertical farming technologies. As the global population increases, along with urbanization and the demand for sustainable agricultural practices, vertical farming has gained traction. This innovative approach to cultivation, where crops are grown in stacked layers or vertically inclined surfaces, allows for efficient use of space, reduced water consumption, and year-round crop production. The trend reflects a shift towards more sustainable and resource-efficient farming methods.

Vertical Farming Market Driver: Increasing Population and Urbanization Challenges

The main driver in the Vertical Farming market is the increasing global population and urbanization challenges. With a growing number of people residing in urban areas, traditional agriculture faces constraints in terms of available land and resources. Vertical farming addresses these challenges by enabling food production in urban environments, closer to consumers, reducing the reliance on extensive land use and long-distance transportation. The need for a more sustainable and locally sourced food supply chain is driving the adoption of vertical farming practices.

Vertical Farming Market Opportunity: Technological Advancements for Crop Optimization

An opportunity within the Vertical Farming market lies in technological advancements for crop optimization. Continued research and development in precision agriculture, automation, and data analytics can enhance the efficiency and productivity of vertical farming systems. Implementing smart technologies, such as IoT-enabled sensors and AI-driven analytics, provides the potential to monitor and optimize factors like temperature, humidity, and nutrient levels in real-time. This opportunity allows vertical farming businesses to maximize crop yields, improve resource utilization, and contribute to the long-term sustainability of urban agriculture.

Vertical Farming Market Segmentation

Type
Hydroponics
Aeroponics
Aquaponics

Location
Outdoor
Indoor

Application
Commercial Greenhouses
Indoor Grown Facilities
Research Organizations

Technology
Lighting Sensor System
Irrigation System
Climate Control System
Others

Structure
Building Based
Container-Based

Geographical Segmentation
• North America (US, Canada, Mexico)
• Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
• Asia Pacific (China, India, Japan, South Korea, South East Asia, Rest of Asia Pacific)
• South America (Brazil, Argentina, Rest of South America)
• Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, Egypt, South Africa, Nigeria, Rest of Africa)
 

Vertical Farming Companies Profiled in the Study-

AeroFarms, Inc.
FarmedHere, LLC
Illumitex, Inc.
Koninklijke Philips N.V.
American Hydroponics (AmHydro)
Fujitsu Limited
Agrilution GmbH
Vertical Farm Systems
Sky Greens Pte Ltd
Everlight Electronics Co., Ltd.
Green Sense Farms, LLC
New Quantum Holdings Pte Limited
Farmart Centre Pte Limited
Freight Farms, Inc.
Crop One Holdings (AeroFarms)
Golden Agri-Resources Ltd.
Urban Crops
Mirai Co. Limited
Hort Americas

Reasons to Buy the Vertical Farming Market Study

• Deepen your industry insights and navigate uncertainties for strategy formulation, CAPEX, and Operational decisions
• Gain access to detailed insights on the Vertical Farming Market, encompassing current market size, growth trends, and forecasts till 2030.
• Access detailed competitor analysis, enabling competitive advantage through a thorough understanding of market players, strategies, and potential differentiation opportunities
• Stay ahead of the curve with insights on technological advancements, innovations, and upcoming trends
• Identify lucrative investment avenues and expansion opportunities within the Vertical Farming Market industry, guided by robust, data-backed analysis.
• Understand regional and global markets through country-wise analysis, regional market potential, regulatory nuances, and dynamics
• Execute strategies with confidence and speed through information, analytics, and insights on the industry value chain
• Corporate leaders, strategists, financial experts, shareholders, asset managers, and governmental representatives can make long-term planning scenarios and build an integrated and timely understanding of market dynamics
• Benefit from tailored solutions and expert consultation based on report insights, providing personalized strategies aligned with specific business needs.

TABLE OF CONTENTS

1 Introduction To 2024 Vertical Farming Markets
1.1 Market Overview
1.2 Quick Facts
1.3 Scope/Objective of the Study
1.4 Market Definition
1.5 Countries and Regions Included
1.6 Units, Currency, and Conversions
1.7 Industry Value Chain

2 Research Methodology
2.1 Market Size Estimation
2.2 Sources and Research Methodology
2.3 Data Triangulation
2.4 Assumptions and Limitations

3 Executive Summary
3.1 Global Vertical Farming Market Size Outlook, $ Million, 2021 to 2030
3.2 Vertical Farming Market Outlook by Type, $ Million, 2021 to 2030
3.3 Vertical Farming Market Outlook by Product, $ Million, 2021 to 2030
3.4 Vertical Farming Market Outlook by Application, $ Million, 2021 to 2030
3.5 Vertical Farming Market Outlook by Key Countries, $ Million, 2021 to 2030

4 Market Dynamics
4.1 Key Driving Forces of Vertical Farming Industry
4.2 Key Market Trends in Vertical Farming Industry
4.3 Potential Opportunities in Vertical Farming Industry
4.4 Key Challenges in Vertical Farming Industry

5 Market Factor Analysis
5.1 Competitive Landscape
5.1.1 Global Vertical Farming Market Share by Company
5.1.2 Product Offerings by Company
5.2 Porter’s Five Forces Analysis

6 Growth Outlook Across Scenarios
6.1 Growth Analysis-Case Scenario Definitions
6.2 Low Growth Scenario Forecasts
6.3 Reference Growth Scenario Forecasts
6.4 High Growth Scenario Forecasts

7 Global Vertical Farming Market Outlook by Segments
7.1 Vertical Farming Market Outlook by Segments
Type
Hydroponics
Aeroponics
Aquaponics

Location
Outdoor
Indoor

Application
Commercial Greenhouses
Indoor Grown Facilities
Research Organizations

Technology
Lighting Sensor System
Irrigation System
Climate Control System
Others

Structure
Building Based
Container-Based

8 North America Vertical Farming Market Analysis and Outlook To 2030
8.1 Introduction to North America Vertical Farming Markets in 2024
8.2 North America Vertical Farming Market Size Outlook by Country, 2021-2030
8.2.1 United States
8.2.2 Canada
8.2.3 Mexico
8.3 North America Vertical Farming Market size Outlook by Segments, 2021-2030
Type
Hydroponics
Aeroponics
Aquaponics

Location
Outdoor
Indoor

Application
Commercial Greenhouses
Indoor Grown Facilities
Research Organizations

Technology
Lighting Sensor System
Irrigation System
Climate Control System
Others

Structure
Building Based
Container-Based

9 Europe Vertical Farming Market Analysis and Outlook To 2030
9.1 Introduction to Europe Vertical Farming Markets in 2024
9.2 Europe Vertical Farming Market Size Outlook by Country, 2021-2030
9.2.1 Germany
9.2.2 France
9.2.3 Spain
9.2.4 United Kingdom
9.2.4 Italy
9.2.5 Russia
9.2.6 Norway
9.2.7 Rest of Europe
9.3 Europe Vertical Farming Market size Outlook by Segments, 2021-2030
Type
Hydroponics
Aeroponics
Aquaponics

Location
Outdoor
Indoor

Application
Commercial Greenhouses
Indoor Grown Facilities
Research Organizations

Technology
Lighting Sensor System
Irrigation System
Climate Control System
Others

Structure
Building Based
Container-Based

10 Asia Pacific Vertical Farming Market Analysis and Outlook To 2030
10.1 Introduction to Asia Pacific Vertical Farming Markets in 2024
10.2 Asia Pacific Vertical Farming Market Size Outlook by Country, 2021-2030
10.2.1 China
10.2.2 India
10.2.3 Japan
10.2.4 South Korea
10.2.5 Indonesia
10.2.6 Malaysia
10.2.7 Australia
10.2.8 Rest of Asia Pacific
10.3 Asia Pacific Vertical Farming Market size Outlook by Segments, 2021-2030
Type
Hydroponics
Aeroponics
Aquaponics

Location
Outdoor
Indoor

Application
Commercial Greenhouses
Indoor Grown Facilities
Research Organizations

Technology
Lighting Sensor System
Irrigation System
Climate Control System
Others

Structure
Building Based
Container-Based

11 South America Vertical Farming Market Analysis and Outlook To 2030
11.1 Introduction to South America Vertical Farming Markets in 2024
11.2 South America Vertical Farming Market Size Outlook by Country, 2021-2030
11.2.1 Brazil
11.2.2 Argentina
11.2.3 Rest of South America
11.3 South America Vertical Farming Market size Outlook by Segments, 2021-2030
Type
Hydroponics
Aeroponics
Aquaponics

Location
Outdoor
Indoor

Application
Commercial Greenhouses
Indoor Grown Facilities
Research Organizations

Technology
Lighting Sensor System
Irrigation System
Climate Control System
Others

Structure
Building Based
Container-Based

12 Middle East and Africa Vertical Farming Market Analysis and Outlook To 2030
12.1 Introduction to Middle East and Africa Vertical Farming Markets in 2024
12.2 Middle East and Africa Vertical Farming Market Size Outlook by Country, 2021-2030
12.2.1 Saudi Arabia
12.2.2 UAE
12.2.3 Oman
12.2.4 Rest of Middle East
12.2.5 Egypt
12.2.6 Nigeria
12.2.7 South Africa
12.2.8 Rest of Africa
12.3 Middle East and Africa Vertical Farming Market size Outlook by Segments, 2021-2030
Type
Hydroponics
Aeroponics
Aquaponics

Location
Outdoor
Indoor

Application
Commercial Greenhouses
Indoor Grown Facilities
Research Organizations

Technology
Lighting Sensor System
Irrigation System
Climate Control System
Others

Structure
Building Based
Container-Based

List of Companies
AeroFarms, Inc.
FarmedHere, LLC
Illumitex, Inc.
Koninklijke Philips N.V.
American Hydroponics (AmHydro)
Fujitsu Limited
Agrilution GmbH
Vertical Farm Systems
Sky Greens Pte Ltd
Everlight Electronics Co., Ltd.
Green Sense Farms, LLC
New Quantum Holdings Pte Limited
Farmart Centre Pte Limited
Freight Farms, Inc.
Crop One Holdings (AeroFarms)
Golden Agri-Resources Ltd.
Urban Crops
Mirai Co. Limited
Hort Americas

13 Company Profiles
13.1 Company Snapshot
13.2 SWOT Profiles
13.3 Products and Services
13.4 Recent Developments
13.5 Financial Profile

14 Appendix
14.1 Customization Offerings
14.2 Subscription Services
14.3 Related Reports
14.4 Publisher Expertise

Type /brHydroponics/brAeroponics/brAquaponics/br/brLocation/brOutdoor/brIndoor/br/brApplication/brCommercial Greenhouses/brIndoor Grown Facilities/brResearch Organizations/br/brTechnology/brLighting Sensor System/brIrrigation System/brClimate Control System/brOthers/br/brStructure/brBuilding Based/brContainer-Based