Consumer Insights
Uncover trends and behaviors shaping consumer choices today
Procurement Insights
Optimize your sourcing strategy with key market data
Industry Stats
Stay ahead with the latest trends and market analysis.
Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Vertical Farming Market Outlook
The global vertical farming market reached a value of about USD 5.49 billion in 2023. The industry is further expected to grow at a CAGR of about 21% in the forecast period of 2024-2032 to reach a value of around USD 30.54 billion by 2032.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
North America to be One of the Leading Regions in the Vertical Farming Industry
North America is one of the leading regions for global the vertical farming industry, with the United States dominating the regional market. The factors attributing to the growth in the region include rising awareness about food security and the importance of nutrition. The United States, which is one of the pioneering regions in adopting the concept of vertical farming, is expected to invest significantly in the industry for facilitating the ecosystem for future foods. Moreover, with the robust demand for organic or 'fresh from farm to table' foods among consumers, the demand for vertical farming is constantly rising.
Vertical Farming: Market Segmentation
Vertical farming is a form of cultivation of different types of goods in vertically arranged layers, in unused vertical warehouses, skyscrapers, containers, etc. This process enables the profitability of many businesses to fulfil their Corporate Social Responsibility (CSR) through sustainable agricultural practises. Other advantages of vertical farming technology include the use of controlled-environmental agriculture technology and indoor farming techniques, where all environmental factors for crop production can be controlled.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
Based on growth mechanism, the industry can be segmented as follows:
- Hydroponics
- Aeroponics
- Aquaponics
On the basis of structure, the market can be divided into the following:
- Building-Based
- Shipping-Container
The components can be divided as follows:
- Lighting
- Irrigation and Fertigation System
- Climate Control
- Sensors
- Others
Based on crop type, the industry can be segmented as follows:
- Vegetables
- Fruits
- Herbs
- Others
It finds wide applications in the following:
- Indoor
- Outdoor
The regional markets for vertical farming can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
Rising Demand for Organic Food Bolstering the Market Growth
The demand for vertical farming is expected to grow rapidly during the forecast period due to an increase in the popularity of organic food. The vertically stacked structure of these farms decreases the need for additional construction and property. It also reduces the role of machines during traditional farming. Optimal use of vertical space and reasonable energy use contribute to the development of the vertical agricultural industry. In addition, these facilities include several artificial plant growth technologies. The technologies used in this agriculture allow us to keep track of the growth and harvesting of plants, which further drives the growth of the vertical farming industry.
Key Industry Players in the Global Vertical Farming Market
The report gives a detailed analysis of the following key players in the global vertical farming market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- AeroFarms LLC
- Plenty Unlimited Inc.
- Bowery Farming Inc.
- Gotham Greens Holdings, LLC
- Futurae Farms Inc.
- Iron Ox, Inc.
- InFarm
- Agricool
- Green Sense Farms Holdings, Inc.
- Crop One
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Growth Mechanism |
|
| Breakup by Structure |
|
| Breakup by Component |
|
| Breakup by Crop Type |
|
| Breakup by Application |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
Vertical Farming Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
Looking for specific insights?
Get in touch with us for a customized solution tailored to your unique requirements and save upto 35%!
Key Questions Answered in the Report
In 2023, the market attained a value of nearly USD 5.49 billion.
The market is projected to grow at a CAGR of 21% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 30.54 billion by 2032.
The growth of the market is being driven by factors like rising demand for sustainable farming methods and increasing demand for nutrition and organic food products.
Optimal use of vertical space and reasonable energy utilisation are the key trends in the market.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major growth mechanisms of vertical farming in the market are hydroponics, aeroponics, and aquaponics.
The leading structures of vertical farming in the market are building-based and shipping-container.
The significant components of vertical farming in the market are lighting, irrigation and fertigation system, climate control, and sensors, among others.
The major crop types in the market are vegetables, fruits, and herbs, among others.
The leading applications in the market are indoor and outdoor.
The key players in the global vertical farming market are AeroFarms LLC, Plenty Unlimited Inc., Bowery Farming Inc., Gotham Greens Holdings, LLC, Futurae Farms Inc., Iron Ox, Inc., InFarm, Agricool, Green Sense Farms Holdings, Inc., and Crop One, among others.
Purchase Full Report
Datasheet
- Selected Sections, One User
- Printing Not Allowed
- Email Delivery in PDF
Free Limited CustomisationPost Sales Analyst Support50% Discount on Next Update
Single User License
One User
- All Sections, One User
- One Print Allowed
- Email Delivery in PDF
Free Limited CustomisationPost Sales Analyst Support50% Discount on Next Update
Five User License
Five Users
- All Sections, Five Users
- Five Prints Allowed
- Email Delivery in PDF
- Free Limited Customisation
- Post Sales Analyst Support
50% Discount on Next Update
Corporate License
Unlimited Users
- All Sections, Unlimited Users
- Unlimited Prints Allowed
- Email Delivery in PDF + Excel
- Free Limited Customisation
- Post Sales Analyst Support
- 50% Discount on Next Update
How To Order
Our step-by-step guide will help you select, purchase, and access your reports swiftly, ensuring you get the information that drives your decisions, right when you need it.
Select License Type
Choose the right license for your needs and access rights.
Click on ‘Buy Now’
Add the report to your cart with one click and proceed to register.
Select Mode of Payment
Choose a payment option for a secure checkout. You will be redirected accordingly.
Gain insights to stay ahead and seize opportunities.
Get insights & trends for a competitive edge.
Track prices with detailed trend reports.
Analyse trade data for supply chain insights.
Leverage cost reports for smart savings
Enhance supply chain with partnerships.
Connect For More Information
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
We employ meticulous research methods, blending advanced analytics and expert insights to deliver accurate, actionable industry intelligence, staying ahead of competitors.
Our skilled analysts offer unparalleled competitive advantage with detailed insights on current and emerging markets, ensuring your strategic edge.
We offer an in-depth yet simplified presentation of industry insights and analysis to meet your specific requirements effectively.
Subscribe to our Newsletter
By subscribing you agree to with our privacy policy and provide
consent to
receive
updates
from our company.
Our Offices
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City,1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124