Global Vertical Farming Market Size study & Forecast, by Type (Hydroponics, Aeroponics, Aquaponics), by Structure (Building-Based Vertical Farms, Shipping-Container Vertical Farms), by Component (Lighting System, Irrigation and Fertigation System, Climate

Global Vertical Farming Market Size study & Forecast, by Type (Hydroponics, Aeroponics, Aquaponics), by Structure (Building-Based Vertical Farms, Shipping-Container Vertical Farms), by Component (Lighting System, Irrigation and Fertigation System, Climate Control, Sensors, Others) and Regional Analysis, 2023-2030


Global Vertical Farming Market is valued at approximately USD XX billion in 2022 and is anticipated to grow with a healthy growth rate of more than XX% during the forecast period 2023-2030. Vertical farming is a method of growing crops in vertically stacked layers or inclined surfaces, often in controlled environments such as indoor facilities or high-rise buildings. This approach aims to maximize the use of vertical space, making it possible to grow crops in a smaller footprint compared to traditional horizontal farming. Vertical farming typically involves the use of hydroponics, aeroponics, or other soilless cultivation methods, as well as artificial lighting, temperature control, and automation systems to create optimal growing conditions. The key factors driving the market growth are the increase in popularity of organic foods, ease of crop monitoring and harvesting, potential for higher yields compared with conventional farming methods, and limited arable land that anticipated to create the lucrative demand for the market during the forecast period 2023-2030.

Additionally, growing urbanization is a significant factor supporting the growth of the vertical farming market. Urbanization often leads to the conversion of agricultural land into urban areas, reducing the availability of traditional farming space. Vertical farming allows for the efficient use of limited space in urban environments, as it can be implemented in buildings, warehouses, or even repurposed urban structures. According to The World Bank, in 2020, approximately 4.38 billion people that are around 55% of the world's population were living in urban areas. In addition, it is predicted that by 2045, around 6 million people are living in cities, an increase of 1.5 times annually. As a result, the growing urbanization is anticipated to support the market growth. Moreover, the ability to reduce the ecological footprint of agriculture and the viability of cultivating cannabis using vertical farming techniques are anticipated to create lucrative opportunities for the market over the projected year. However, the lack of a technically skilled workforce, choice of limited cultivable crops, and high initial capital investment requirements stifle market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Vertical Farming Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the increasing demand for locally grown and sustainably produced food, ongoing advancements in technology, including improvements in LED lighting, sensors, automation, supportive government initiatives, subsidies, and incentives that promote sustainable agriculture and local food production can significantly boost the growth of the vertical farming industry. Whereas, the Asia Pacific is expected to grow with the fastest growth rate over the forecast period, owing to factors such as rapid urbanization, limited arable land, growing population, food security concerns, and supportive government initiatives.

Major market player included in this report are:
AeroFarms (U.S.)
OSRAM GmbH (Germany)
Urban Crop Solutions (Europe)
Heliospectra AB (Sweden)
Everlight Electronics Co. Ltd. (Taiwan)
Signify Holding (Netherlands)
Sky Greens (Singapore)
BrightFarms. (U.S.)
Plenty Unlimited Inc. (U.S.)
Freight Farms, Inc. (U.S.)

Recent Developments in the Market:
 March 2023 – UP Vertical Farms has revolutionized conventional farming practices by introducing innovative solutions to address longstanding challenges. The company has unveiled a cutting-edge, high-density contactless vertical farm with a bold vision to become the epitome of sustainability in vertical farming by 2023. This pioneering solution not only accelerates production speed but also enhances yields and quality control, all while minimizing environmental impact.

Global Vertical Farming Market Report Scope:
 Historical Data – 2020 - 2021
 Base Year for Estimation – 2022
 Forecast period - 2023-2030
 Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
 Segments Covered – Type, Structure, Component, Region
 Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:
Hydroponics
Aeroponics
Aquaponics
By Structure:
Building-Based Vertical Farms
Shipping-Container Vertical Farms
By Component:
Lighting System
Irrigation and Fertigation System
Climate Control
Sensors
Others

By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Companies Mentioned
AeroFarms (U.S.)
OSRAM GmbH (Germany)
Urban Crop Solutions (Europe)
Heliospectra AB (Sweden)
Everlight Electronics Co. Ltd. (Taiwan)
Signify Holding (Netherlands)
Sky Greens (Singapore)
BrightFarms. (U.S.)
Plenty Unlimited Inc. (U.S.)
Freight Farms, Inc. (U.S.)

Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.


Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Vertical Farming Market, by Region, 2020-2030 (USD Billion)
1.2.2. Vertical Farming Market, by Type, 2020-2030 (USD Billion)
1.2.3. Vertical Farming Market, by Structure, 2020-2030 (USD Billion)
1.2.4. Vertical Farming Market, by Component, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Vertical Farming Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Vertical Farming Market Dynamics
3.1. Vertical Farming Market Impact Analysis (2020-2030)
3.1.1. Market Drivers
3.1.1.1. Increase in popularity of organic foods, ease of crop monitoring and harvesting
3.1.1.2. Potential for higher yields compared with conventional farming methods
3.1.1.3. limited arable land
3.1.2. Market Challenges
3.1.2.1. Lack of technically skilled workforce and choice of limited cultivable crops
3.1.2.2. High initial capital investment requirements
3.1.3. Market Opportunities
3.1.3.1. Ability to reduce ecological footprint of agriculture
3.1.3.2. Viability to cultivate cannabis using vertical farming technique
Chapter 4. Global Vertical Farming Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Vertical Farming Market, by Type
5.1. Market Snapshot
5.2. Global Vertical Farming Market by Type, Performance - Potential Analysis
5.3. Global Vertical Farming Market Estimates & Forecasts by Type 2020-2030 (USD Billion)
5.4. Vertical Farming Market, Sub Segment Analysis
5.4.1. Hydroponics
5.4.2. Aeroponics
5.4.3. Aquaponics
Chapter 6. Global Vertical Farming Market, by Structure
6.1. Market Snapshot
6.2. Global Vertical Farming Market by Structure, Performance - Potential Analysis
6.3. Global Vertical Farming Market Estimates & Forecasts by Structure 2020-2030 (USD Billion)
6.4. Vertical Farming Market, Sub Segment Analysis
6.4.1. Building-Based Vertical Farms
6.4.2. Shipping-Container Vertical Farms
Chapter 7. Global Vertical Farming Market, by Component
7.1. Market Snapshot
7.2. Global Vertical Farming Market by Component, Performance - Potential Analysis
7.3. Global Vertical Farming Market Estimates & Forecasts by Component 2020-2030 (USD Billion)
7.4. Vertical Farming Market, Sub Segment Analysis
7.4.1. Lighting System
7.4.2. Irrigation and Fertigation System
7.4.3. Climate Control
7.4.4. Sensors
7.4.5. Others
Chapter 8. Global Vertical Farming Market, Regional Analysis
8.1. Top Leading Countries
8.2. Top Emerging Countries
8.3. Vertical Farming Market, Regional Market Snapshot
8.4. North America Vertical Farming Market
8.4.1. U.S. Vertical Farming Market
8.4.1.1. Type breakdown estimates & forecasts, 2020-2030
8.4.1.2. Structure breakdown estimates & forecasts, 2020-2030
8.4.1.3. Component breakdown estimates & forecasts, 2020-2030
8.4.2. Canada Vertical Farming Market
8.5. Europe Vertical Farming Market Snapshot
8.5.1. U.K. Vertical Farming Market
8.5.2. Germany Vertical Farming Market
8.5.3. France Vertical Farming Market
8.5.4. Spain Vertical Farming Market
8.5.5. Italy Vertical Farming Market
8.5.6. Rest of Europe Vertical Farming Market
8.6. Asia-Pacific Vertical Farming Market Snapshot
8.6.1. China Vertical Farming Market
8.6.2. India Vertical Farming Market
8.6.3. Japan Vertical Farming Market
8.6.4. Australia Vertical Farming Market
8.6.5. South Korea Vertical Farming Market
8.6.6. Rest of Asia Pacific Vertical Farming Market
8.7. Latin America Vertical Farming Market Snapshot
8.7.1. Brazil Vertical Farming Market
8.7.2. Mexico Vertical Farming Market
8.8. Middle East & Africa Vertical Farming Market
8.8.1. Saudi Arabia Vertical Farming Market
8.8.2. South Africa Vertical Farming Market
8.8.3. Rest of Middle East & Africa Vertical Farming Market
Chapter 9. Competitive Intelligence
9.1. Key Company SWOT Analysis
9.1.1. Company 1
9.1.2. Company 2
9.1.3. Company 3
9.2. Top Market Strategies
9.3. Company Profiles
9.3.1. AeroFarms (U.S.)
9.3.1.1. Key Information
9.3.1.2. Overview
9.3.1.3. Financial (Subject to Data Availability)
9.3.1.4. Product Summary
9.3.1.5. Recent Developments
9.3.2. OSRAM GmbH (Germany)
9.3.3. Urban Crop Solutions (Europe)
9.3.4. Heliospectra AB (Sweden)
9.3.5. Everlight Electronics Co. Ltd. (Taiwan)
9.3.6. Signify Holding (Netherlands)
9.3.7. Sky Greens (Singapore)
9.3.8. BrightFarms. (U.S.)
9.3.9. Plenty Unlimited Inc. (U.S.)
9.3.10. Freight Farms, Inc. (U.S.)
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption
List of Tables
TABLE 1. Global Vertical Farming Market, report scope
TABLE 2. Global Vertical Farming Market estimates & forecasts by region 2020-2030 (USD Billion)
TABLE 3. Global Vertical Farming Market estimates & forecasts by Type 2020-2030 (USD Billion)
TABLE 4. Global Vertical Farming Market estimates & forecasts by Structure 2020-2030 (USD Billion)
TABLE 5. Global Vertical Farming Market estimates & forecasts by Component 2020-2030 (USD Billion)
TABLE 6. Global Vertical Farming Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 7. Global Vertical Farming Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 8. Global Vertical Farming Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 9. Global Vertical Farming Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 10. Global Vertical Farming Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11. Global Vertical Farming Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12. Global Vertical Farming Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13. Global Vertical Farming Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14. Global Vertical Farming Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15. Global Vertical Farming Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 16. U.S. Vertical Farming Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 17. U.S. Vertical Farming Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 18. U.S. Vertical Farming Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 19. Canada Vertical Farming Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 20. Canada Vertical Farming Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 21. Canada Vertical Farming Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 22. UK Vertical Farming Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 23. UK Vertical Farming Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 24. UK Vertical Farming Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 25. Germany Vertical Farming Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 26. Germany Vertical Farming Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 27. Germany Vertical Farming Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 28. France Vertical Farming Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 29. France Vertical Farming Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 30. France Vertical Farming Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 31. Italy Vertical Farming Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 32. Italy Vertical Farming Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 33. Italy Vertical Farming Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 34. Spain Vertical Farming Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 35. Spain Vertical Farming Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 36. Spain Vertical Farming Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 37. RoE Vertical Farming Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 38. RoE Vertical Farming Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 39. RoE Vertical Farming Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 40. China Vertical Farming Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 41. China Vertical Farming Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 42. China Vertical Farming Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 43. India Vertical Farming Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 44. India Vertical Farming Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 45. India Vertical Farming Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 46. Japan Vertical Farming Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 47. Japan Vertical Farming Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 48. Japan Vertical Farming Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 49. South Korea Vertical Farming Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 50. South Korea Vertical Farming Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 51. South Korea Vertical Farming Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 52. Australia Vertical Farming Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 53. Australia Vertical Farming Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 54. Australia Vertical Farming Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 55. RoAPAC Vertical Farming Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 56. RoAPAC Vertical Farming Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 57. RoAPAC Vertical Farming Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 58. Brazil Vertical Farming Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 59. Brazil Vertical Farming Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 60. Brazil Vertical Farming Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 61. Mexico Vertical Farming Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 62. Mexico Vertical Farming Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 63. Mexico Vertical Farming Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 64. RoLA Vertical Farming Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 65. RoLA Vertical Farming Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 66. RoLA Vertical Farming Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 67. Saudi Arabia Vertical Farming Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 68. South Africa Vertical Farming Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 69. RoMEA Vertical Farming Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 70. List of secondary sources, used in the study of global Vertical Farming Market
TABLE 71. List of primary sources, used in the study of global Vertical Farming Market
TABLE 72. Years considered for the study
TABLE 73. Exchange rates considered
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
List of figures
FIGURE 1. Global Vertical Farming Market, research methodology
FIGURE 2. Global Vertical Farming Market, Market estimation techniques
FIGURE 3. Global Market size estimates & forecast methods
FIGURE 4. Global Vertical Farming Market, key trends 2022
FIGURE 5. Global Vertical Farming Market, growth prospects 2023-2030
FIGURE 6. Global Vertical Farming Market, porters 5 force model
FIGURE 7. Global Vertical Farming Market, pest analysis
FIGURE 8. Global Vertical Farming Market, value chain analysis
FIGURE 9. Global Vertical Farming Market by segment, 2020 & 2030 (USD Billion)
FIGURE 10. Global Vertical Farming Market by segment, 2020 & 2030 (USD Billion)
FIGURE 11. Global Vertical Farming Market by segment, 2020 & 2030 (USD Billion)
FIGURE 12. Global Vertical Farming Market by segment, 2020 & 2030 (USD Billion)
FIGURE 13. Global Vertical Farming Market by segment, 2020 & 2030 (USD Billion)
FIGURE 14. Global Vertical Farming Market, regional snapshot 2020 & 2030
FIGURE 15. North America Vertical Farming Market 2020 & 2030 (USD Billion)
FIGURE 16. Europe Vertical Farming Market 2020 & 2030 (USD Billion)
FIGURE 17. Asia pacific Vertical Farming Market 2020 & 2030 (USD Billion)
FIGURE 18. Latin America Vertical Farming Market 2020 & 2030 (USD Billion)
FIGURE 19. Middle East & Africa Vertical Farming Market 2020 & 2030 (USD Billion)
List of tables and figures and dummy in nature, final lists may vary in the final deliverable

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook
Cookie Settings