Global Vertical Farming Market Size, Share, Growth, Trends, and Forecast (2024 - 2031)
Global Vertical Farming Market Scope: Historical Data (2021 – 2022), Base Year (2023), Forecast Period (2024 – 2031)
Market Segmentation: By Type (Hydroponics, Aeroponics, and Aquaponics), Structure (Building-based vertical Firm, and Shipping Container-based Vertical Firm), Component (Lighting, Climate Control, Sensors, and Other Components), Crop Type (Lettuce, Pepper, Kale, Herbs, Broccoli, Cucumber, Spinach, Tomato, Strawberry, and Others), and Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa)
Market Overview
The Global Vertical Farming Market was valued at USD 7,008.6 million in 2023 and is expected to reach USD 41,508.1 million by 2031 while growing at a CAGR of 24.9% during the forecast period (2024-2031).
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Market Dynamics
This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global vertical farming market growth. Vertical farming utilizes vertically stacked layers in controlled indoor environments like warehouses, skyscrapers, or shipping containers, employing soilless farming methods such as hydroponics, aeroponics, or aquaponics to optimize space and resources.
Limited arable land and reduced transportation costs drive the growth of the vertical farming market, yet obstacles such as high initial investment and technical complexity may hinder market expansion.
Furthermore, the global Vertical Farming industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.
Segmentation – By Type Analysis
The Global Vertical Farming Market is segmented among Hydroponics, Aeroponics, and Aquaponics, based on Type. In 2023, Hydroponics accounted for the majority of the market share*.
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Segmentation – By Structure Analysis
The Global Vertical Farming Market is segmented among Building-based vertical Firm, and Shipping Container-based Vertical Firm, based on Structure. In 2023, Building-based vertical Firm accounted for the majority of the market share*.
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Global Vertical Farming Market: Regional Analysis
Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, North America dominated the market with the highest market share, while Asia Pacific is expected to grow with the highest CAGR during the forecast period (2024 – 2031).
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Competitive Landscape
Some of the key players operating in the market are Signify, Sky Greens, AMS-OSRAM AG, Valoya, Everlight Electronics, Heliospectra AB, Freight Farms, AeroFarms, SweGreen, Jones Food Company, InFarm, Agricool, GrowY, and Intelligent Growth Solutions Limited,
Table of Contents:
1. Research Methodology and Market Scope
Research Methodology
Market Scope
2. Executive Summary
3. Global Vertical Farming Market Dynamics
Drivers
Restraints
Opportunity
4. Global Vertical Farming Industry Analysis
PEST Analysis
Porter's Five Force Analysis
Recent Deals Analysis
5. Global Vertical Farming Market Segmentation, By Type
Global Vertical Farming Market Share Analysis, By Type
Global Vertical Farming Market Growth Analysis, By Type
Global Vertical Farming Market Trends, By Type
o Hydroponics
o Aeroponics
o Aquaponics
6. Global Vertical Farming Market Segmentation, By Structure
Global Vertical Farming Market Share Analysis, By Structure
Global Vertical Farming Market Growth Analysis, By Structure
Global Vertical Farming Market Trends, By Structure
o Building-based vertical Firm
o Shipping Container-based Vertical Firm
7. Global Vertical Farming Market Segmentation, By Component
Global Vertical Farming Market Share Analysis, By Component
Global Vertical Farming Market Growth Analysis, By Component
Global Vertical Farming Market Trends, By Component
o Lighting
o Climate Control
o Sensors
o Other Components
8. Global Vertical Farming Market Segmentation, By Crop Type
Global Vertical Farming Market Share Analysis, By Crop Type
Global Vertical Farming Market Growth Analysis, By Crop Type
Global Vertical Farming Market Trends, By Crop Type
o Lettuce
o Pepper
o Kale
o Herbs
o Broccoli
o Cucumber
o Spinach
o Tomato
o Strawberry
o Others
9. Global Vertical Farming Market Segmentation, By Region
Global Vertical Farming Market Share Analysis, By Region
Global Vertical Farming Market Growth Analysis, By Region
Global Vertical Farming Market Trends, By Region
o North America
o Europe
o Asia Pacific
o Latin America
o Middle East
o Africa
10. Competitive Landscape
Signify*
o Company Overview
o Financial Performance
o Key Development/Strategies
o SWOT Analysis
Sky Greens
AMS-OSRAM AG
Valoya
Everlight Electronics
Heliospectra AB
Freight Farms
AeroFarms
SweGreen
Jones Food Company
InFarm
Agricool
GrowY
Intelligent Growth Solutions Limited
*Similar analysis will be provided for each company listed above.
