REPORT OUTLOOK
Market Size | CAGR | Dominating Region |
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USD 22.18 billion by 2029 | 24% | North America |
By Type | By Structure | By Component | By Region |
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SCOPE OF THE REPORT
Vertical Farming Market Overview
Vertical farming market is expected to grow at 24% CAGR from 2022 to 2029. It was valued 3.20 billion at 2020. It is expected to reach above USD 22.18 billion by 2029.
The market’s expansion is due to the rising popularity of producing fruits and vegetables in an environmentally responsible manner. The demand for urban agriculture has grown as a result of the extraordinary rise in world population.
The practice of growing food in vertical stacks, such as in a disused warehouse, a skyscraper, or a shipping container, is known as vertical farming. Organic food is thought to be more wholesome, safe, and environmentally beneficial. Consumer food purchasing habits are a significant component that affects the demand for organic food, making it crucial for producers, legislators, and suppliers to execute effective marketing strategies. Consumers frequently experience health problems related to obesity and heart disease.
ATTRIBUTE | DETAILS |
Study period | 2020-2029 |
Base year | 2021 |
Estimated year | 2022 |
Forecasted year | 2022-2029 |
Historical period | 2018-2020 |
Unit | Value (USD Billion, Thousand Units) |
Segmentation | By Type, By Structure, By Component |
By Type |
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By Structure |
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By Component |
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By Region |
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Additionally, traditional growers have been forced to switch to other farming practices due to the growing groundwater shortage and changing climatic circumstances. The issues listed above and growing consumer health concerns are likely to boost industry demand. Contrary to traditional farming, indoor farming may grow crops all year round, increasing output. Furthermore, by using techniques like controlled environment agriculture technology, where facilities use artificial environmental control, regulation of light, and fertigation, indoor farming can shield crops from extreme weather conditions.
The need to address issues of food security brought on by population increase and urbanization, as well as the rising desire for locally grown, fresh products, are driving the enormous rise of the worldwide vertical farming business. In comparison to traditional agriculture, vertical farming has various benefits, including higher crop yields, less water use, and less reliance on pesticides and fertilizers. Additionally, vertical farming can be carried out in controlled conditions, allowing for year-round crop production and lowering the possibility of crop losses brought on by pests and the weather. The market for vertical farming is expanding as a result of the accessibility of cutting-edge technology like LED lighting, hydroponic systems, and sensors, which make crop production more efficient and sustainable.
Vertical Farming Market Segment Analysis
By type the market is segmented into hydroponics, aeroponics, aquaponics. The segment with the biggest revenue share in 2021 with more than 49% is hydroponics, and it is anticipated that it will continue to dominate for the duration of the projection period. Hydroponics is a well-liked growth technique due to its low installation costs and simplicity of use. It is a technique for growing plants that substitutes a mineral solution for soil around the plant roots. The aquaponics market segment is anticipated to gain a sizable market share during the anticipated time frame. Hydroponics and aquaculture are combined in aquaponics, which eliminates the need for harmful chemicals in agriculture.
By structure the market is segmented into building-based vertical farms, shipping-container vertical farms. With a market share of more than 48% in 2021, the shipping container category led the vertical farming market and is anticipated to continue dominating during the forecast period. This growth is attributed to the building’s ability to support crop production regardless of location. The building-based category is well recognized in China, Japan, and other Asian countries, and as a result of its rising popularity, it is the region’s fastest-growing revenue segment.
By component the market is segmented into lighting system, irrigation and fertigation system, climate control, sensors, others. These innovations are essential to the development of the vertical farming industry. They enhance yields, lower costs, and enable more sustainable and effective crop production, all of which boost the financial success of vertical farming businesses.
Vertical Farming Market Key Players
Vertical farming market key players include AeroFarms, Plenty, Green Spirit Farms, Bowery Farming, BrightFarms, Gotham Greens, Iron Ox, Infarm, Agricool, CropOne, Illumitex, PodPonics, Surna, Freght Farms.
January 11, 2023: Â AeroFarms Launched 9 New Community Farms To Provide Additional 2 Tons Of Fresh Food Access To 4,500+ Local Students.
September 16, 2022: Caffè Panna announced partnership with Bowery Farming.
Who Should Buy? Or Key stakeholders
- Investors
- Large scale commercial growers
- Food retailers
- Agritech startups
- Agricultural research institutions
- Technology companies
- Non-profit organizations
- Consumers
- Government agencies
- Research Organizations
- Others
Vertical Farming Market Regional Analysis
Vertical farming market by region includes north America, Asia-Pacific (APAC), Europe, South America, and Middle East & Africa (MEA).
- North America: includes the US, Canada, Mexico
- Asia Pacific: includes China, Japan, South Korea, India, Australia, ASEAN and Rest of APAC
- Europe: includes UK, Germany, France, Italy, Spain, Russia, and Rest of Europe
- South America: includes Brazil, Argentina and Rest of South America
- Middle East & Africa: includes Turkey, UAE, Saudi Arabia, South Africa, and Rest of MEA
The market in North America is expanding and is projected to continue to do so in the years to come. Growing adoption by commercial growers and rising demand for locally farmed, fresh fruit are the main driving forces in the area. Customers in North America are becoming more concerned about the effects of conventional agriculture on the environment and are looking for locally grown, fresh produce that is herbicide- and pesticide-free. By enabling crops to grow in a controlled environment that can be situated close to urban centers, farming addresses these issues by minimizing the need for transportation and the related emissions. Commercial producers in North America are utilizing the farming technique more frequently to boost productivity and profitability. For instance, this type of farming enables growers to produce more crops per square foot of area, so requiring less land and costing less.
Key Market Segments: Vertical Farming Market
Vertical Farming Market By Type, 2020-2029, (USD Billion, Thousand Units)
- Hydroponics
- Aeroponics
- Aquaponics
Vertical Farming Market By Structure, 2020-2029, (USD Billion, Thousand Units)
- Building-Based Vertical Farms
- Shipping-Container Vertical Farms
Vertical Farming Market By Component, 2020-2029, (USD Billion, Thousand Units)
- Lighting System
- Irrigation And Fertigation System
- Climate Control
- Sensors
- Others
Vertical Farming Market By Region, 2020-2029, (USD Billion, Thousand Units)
- North America
- Asia Pacific
- Europe
- South America
- Middle East And Africa
Important Countries In All Regions Are Covered.
Exactitude Consultancy Services Key Objectives:
- Increasing sales and market share
- Developing new technology
- Improving profitability
- Entering new markets
- Enhancing brand reputation
Key Question Answered
- What is the expected growth rate of the vertical farming market over the next 7 years?
- Who are the major players in the vertical farming market and what is their market share?
- What are the end-user industries driving demand for market and what is their outlook?
- What are the opportunities for growth in emerging markets such as Asia-Pacific, Middle East, and Africa?
- How is the economic environment affecting the vertical farming market, including factors such as interest rates, inflation, and exchange rates?
- What is the expected impact of government policies and regulations on the vertical farming market?
- What is the current and forecasted size and growth rate of the global vertical farming market?
- What are the key drivers of growth in the vertical farming market?
- Who are the major players in the market and what is their market share?
- What are the distribution channels and supply chain dynamics in the vertical farming market?
- What are the technological advancements and innovations in the vertical farming market and their impact on product development and growth?
- What are the regulatory considerations and their impact on the market?
- What are the challenges faced by players in the vertical farming market and how are they addressing these challenges?
- What are the opportunities for growth and expansion in the vertical farming market?
- What are the product offerings and specifications of leading players in the market?
- What is the pricing trend of vertical farming market in the market and what is the impact of raw material prices on the price trend?
Table of Content
- INTRODUCTION
- MARKET DEFINITION
- MARKET SEGMENTATION
- RESEARCH TIMELINES
- ASSUMPTIONS AND LIMITATIONS
- RESEARCH METHODOLOGY
- DATA MINING
- SECONDARY RESEARCH
- PRIMARY RESEARCH
- SUBJECT-MATTER EXPERTS’ ADVICE
- QUALITY CHECKS
- FINAL REVIEW
- DATA TRIANGULATION
- BOTTOM-UP APPROACH
- TOP-DOWN APPROACH
- RESEARCH FLOW
- DATA SOURCES
- DATA MINING
- EXECUTIVE SUMMARY
- MARKET OVERVIEW
- GLOBAL VERTICAL FARMING MARKET OUTLOOK
- MARKET DRIVERS
- MARKET RESTRAINTS
- MARKET OPPORTUNITIES
- IMPACT OF COVID-19 ON VERTICAL FARMING MARKET
- PORTER’S FIVE FORCES MODEL
- THREAT FROM NEW ENTRANTS
- THREAT FROM SUBSTITUTES
- BARGAINING POWER OF SUPPLIERS
- BARGAINING POWER OF CUSTOMERS
- DEGREE OF COMPETITION
- INDUSTRY VALUE CHAIN ANALYSIS
- GLOBAL VERTICAL FARMING MARKET OUTLOOK
- GLOBAL VERTICAL FARMING MARKET BY TYPE (USD BILLION, THOUSAND UNITS), 2020-2029
- HYDROPONICS
- AEROPONICS
- AQUAPONICS
- GLOBAL VERTICAL FARMING MARKET BY STRUCTURE (USD BILLION, THOUSAND UNITS), 2020-2029
- BUILDING-BASED VERTICAL FARMS
- SHIPPING-CONTAINER VERTICAL FARMS
- GLOBAL VERTICAL FARMING MARKET BY COMPONENT (USD BILLION, THOUSAND UNITS), 2020-2029
- LIGHTING SYSTEM
- IRRIGATION AND FERTIGATION SYSTEM
- CLIMATE CONTROL
- SENSORS
- OTHERS
- GLOBAL VERTICAL FARMING MARKET BY REGION (USD BILLION, THOUSAND UNITS), 2020-2029
- NORTH AMERICA
- US
- CANADA
- MEXICO
- SOUTH AMERICA
- BRAZIL
- ARGENTINA
- COLOMBIA
- REST OF SOUTH AMERICA
- EUROPE
- GERMANY
- UK
- FRANCE
- ITALY
- SPAIN
- RUSSIA
- REST OF EUROPE
- ASIA PACIFIC
- INDIA
- CHINA
- JAPAN
- SOUTH KOREA
- AUSTRALIA
- SOUTH-EAST ASIA
- REST OF ASIA PACIFIC
- MIDDLE EAST AND AFRICA
- UAE
- SAUDI ARABIA
- SOUTH AFRICA
- REST OF MIDDLE EAST AND AFRICA
- NORTH AMERICA
- COMPANY PROFILES*(BUSINESS OVERVIEW, COMPANY SNAPSHOT, PRODUCTS OFFERED, RECENT DEVELOPMENTS)
- AEROFARMS
- PLENTY
- GREEN SPIRIT FARMS
- BOWERY FARMING
- BRIGHTFARMS
- GOTHAM GREENS
- IRON OX
- INFARM
- AGRICOOL
- CROPONE
- ILLUMITEX
- PODPONICS
- SURNA
- FREGHT FARMS
*THE COMPANY LIST IS INDICATIVE
LIST OF TABLESÂ
TABLE 1 GLOBAL VERTICAL FARMING MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 2 GLOBAL VERTICAL FARMING MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 3 GLOBAL VERTICAL FARMING MARKET BY STRUCTURE (USD BILLION), 2020-2029
TABLE 4 GLOBAL VERTICAL FARMING MARKET BY STRUCTURE (THOUSAND UNITS), 2020-2029
TABLE 5 GLOBAL VERTICAL FARMING MARKET BY COMPONENT (USD BILLION), 2020-2029
TABLE 6 GLOBAL VERTICAL FARMING MARKET BY COMPONENT (THOUSAND UNITS), 2020-2029
TABLE 7 GLOBAL VERTICAL FARMING MARKET BY REGION (USD BILLION), 2020-2029
TABLE 8 GLOBAL VERTICAL FARMING MARKET BY REGION (THOUSAND UNITS), 2020-2029
TABLE 9 NORTH AMERICA VERTICAL FARMING BY COUNTRY (USD BILLION), 2020-2029
TABLE 10 NORTH AMERICA VERTICAL FARMING BY COUNTRY (THOUSAND UNITS), 2020-2029
TABLE 11 NORTH AMERICA VERTICAL FARMING MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 12 NORTH AMERICA VERTICAL FARMING MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 13 NORTH AMERICA VERTICAL FARMING MARKET BY STRUCTURE (USD BILLION), 2020-2029
TABLE 14 NORTH AMERICA VERTICAL FARMING MARKET BY STRUCTURE (THOUSAND UNITS), 2020-2029
TABLE 15 NORTH AMERICA VERTICAL FARMING MARKET BY COMPONENT (USD BILLION), 2020-2029
TABLE 16 NORTH AMERICA VERTICAL FARMING MARKET BY COMPONENT INDUSTRY (THOUSAND UNITS), 2020-2029
TABLE 17 US VERTICAL FARMING MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 18 US VERTICAL FARMING MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 19 US VERTICAL FARMING MARKET BY STRUCTURE (USD BILLION), 2020-2029
TABLE 20 US VERTICAL FARMING MARKET BY STRUCTURE (THOUSAND UNITS), 2020-2029
TABLE 21 US VERTICAL FARMING MARKET BY COMPONENT (USD BILLION), 2020-2029
TABLE 22 US VERTICAL FARMING MARKET BY COMPONENT (THOUSAND UNITS), 2020-2029
TABLE 23 CANADA VERTICAL FARMING MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 24 CANADA VERTICAL FARMING MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 25 CANADA VERTICAL FARMING MARKET BY STRUCTURE (USD BILLION), 2020-2029
TABLE 26 CANADA VERTICAL FARMING MARKET BY STRUCTURE (THOUSAND UNITS), 2020-2029
TABLE 27 CANADA VERTICAL FARMING MARKET BY COMPONENT (USD BILLION), 2020-2029
TABLE 28 CANADA VERTICAL FARMING MARKET BY COMPONENT (THOUSAND UNITS), 2020-2029
TABLE 29 MEXICO VERTICAL FARMING MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 30 MEXICO VERTICAL FARMING MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 31 MEXICO VERTICAL FARMING MARKET BY STRUCTURE (USD BILLION), 2020-2029
TABLE 32 MEXICO VERTICAL FARMING MARKET BY STRUCTURE (THOUSAND UNITS), 2020-2029
TABLE 33 MEXICO VERTICAL FARMING MARKET BY COMPONENT (USD BILLION), 2020-2029
TABLE 34 MEXICO VERTICAL FARMING MARKET BY COMPONENT (THOUSAND UNITS), 2020-2029
TABLE 35 SOUTH AMERICA VERTICAL FARMING MARKET BY COUNTRY (USD BILLION), 2020-2029
TABLE 36 SOUTH AMERICA VERTICAL FARMING MARKET BY COUNTRY (THOUSAND UNITS), 2020-2029
TABLE 37 SOUTH AMERICA VERTICAL FARMING MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 38 SOUTH AMERICA VERTICAL FARMING MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 39 SOUTH AMERICA VERTICAL FARMING MARKET BY STRUCTURE (USD BILLION), 2020-2029
TABLE 40 SOUTH AMERICA VERTICAL FARMING MARKET BY STRUCTURE (THOUSAND UNITS), 2020-2029
TABLE 41 SOUTH AMERICA VERTICAL FARMING MARKET BY COMPONENT (USD BILLION), 2020-2029
TABLE 42 SOUTH AMERICA VERTICAL FARMING MARKET BY COMPONENT (THOUSAND UNITS), 2020-2029
TABLE 43 BRAZIL VERTICAL FARMING MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 44 BRAZIL VERTICAL FARMING MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 45 BRAZIL VERTICAL FARMING MARKET BY STRUCTURE (USD BILLION), 2020-2029
TABLE 46 BRAZIL VERTICAL FARMING MARKET BY STRUCTURE (THOUSAND UNITS), 2020-2029
TABLE 47 BRAZIL VERTICAL FARMING MARKET BY COMPONENT (USD BILLION), 2020-2029
TABLE 48 BRAZIL VERTICAL FARMING MARKET BY COMPONENT (THOUSAND UNITS), 2020-2029
TABLE 49 ARGENTINA VERTICAL FARMING MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 50 ARGENTINA VERTICAL FARMING MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 51 ARGENTINA VERTICAL FARMING MARKET BY STRUCTURE (USD BILLION), 2020-2029
TABLE 52 ARGENTINA VERTICAL FARMING MARKET BY STRUCTURE (THOUSAND UNITS), 2020-2029
TABLE 53 ARGENTINA VERTICAL FARMING MARKET BY COMPONENT (USD BILLION), 2020-2029
TABLE 54 ARGENTINA VERTICAL FARMING MARKET BY COMPONENT (THOUSAND UNITS), 2020-2029
TABLE 55 COLOMBIA VERTICAL FARMING MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 56 COLOMBIA VERTICAL FARMING MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 57 COLOMBIA VERTICAL FARMING MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 58 COLOMBIA VERTICAL FARMING MARKET BY STRUCTURE (USD BILLION), 2020-2029
TABLE 59 COLOMBIA VERTICAL FARMING MARKET BY STRUCTURE (THOUSAND UNITS), 2020-2029
TABLE 60 COLOMBIA VERTICAL FARMING MARKET BY COMPONENT (USD BILLION), 2020-2029
TABLE 61 COLOMBIA VERTICAL FARMING MARKET BY COMPONENT (THOUSAND UNITS), 2020-2029
TABLE 62 REST OF SOUTH AMERICA VERTICAL FARMING MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 63 REST OF SOUTH AMERICA VERTICAL FARMING MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 64 REST OF SOUTH AMERICA VERTICAL FARMING MARKET BY STRUCTURE (USD BILLION), 2020-2029
TABLE 65 REST OF SOUTH AMERICA VERTICAL FARMING MARKET BY STRUCTURE (THOUSAND UNITS), 2020-2029
TABLE 66 REST OF SOUTH AMERICA VERTICAL FARMING MARKET BY COMPONENT (USD BILLION), 2020-2029
TABLE 67 REST OF SOUTH AMERICA VERTICAL FARMING MARKET BY COMPONENT (THOUSAND UNITS), 2020-2029
TABLE 68 ASIA-PACIFIC VERTICAL FARMING MARKET BY COUNTRY (USD BILLION), 2020-2029
TABLE 69 ASIA-PACIFIC VERTICAL FARMING MARKET BY COUNTRY (THOUSAND UNITS), 2020-2029
TABLE 70 ASIA-PACIFIC VERTICAL FARMING MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 71 ASIA-PACIFIC VERTICAL FARMING MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 72 ASIA-PACIFIC VERTICAL FARMING MARKET BY STRUCTURE (USD BILLION), 2020-2029
TABLE 73 ASIA-PACIFIC VERTICAL FARMING MARKET BY STRUCTURE (THOUSAND UNITS), 2020-2029
TABLE 74 ASIA-PACIFIC VERTICAL FARMING MARKET BY COMPONENT (USD BILLION), 2020-2029
TABLE 75 ASIA-PACIFIC VERTICAL FARMING MARKET BY COMPONENT (THOUSAND UNITS), 2020-2029
TABLE 76 INDIA VERTICAL FARMING MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 77 INDIA VERTICAL FARMING MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 78 INDIA VERTICAL FARMING MARKET BY STRUCTURE (USD BILLION), 2020-2029
TABLE 79 INDIA VERTICAL FARMING MARKET BY STRUCTURE (THOUSAND UNITS), 2020-2029
TABLE 80 INDIA VERTICAL FARMING MARKET BY COMPONENT (USD BILLION), 2020-2029
TABLE 81 INDIA VERTICAL FARMING MARKET BY COMPONENT (THOUSAND UNITS), 2020-2029
TABLE 82 CHINA VERTICAL FARMING MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 83 CHINA VERTICAL FARMING MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 84 CHINA VERTICAL FARMING MARKET BY STRUCTURE (USD BILLION), 2020-2029
TABLE 85 CHINA VERTICAL FARMING MARKET BY STRUCTURE (THOUSAND UNITS), 2020-2029
TABLE 86 CHINA VERTICAL FARMING MARKET BY COMPONENT (USD BILLION), 2020-2029
TABLE 87 CHINA VERTICAL FARMING MARKET BY COMPONENT (THOUSAND UNITS), 2020-2029
TABLE 88 JAPAN VERTICAL FARMING MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 89 JAPAN VERTICAL FARMING MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 90 JAPAN VERTICAL FARMING MARKET BY STRUCTURE (USD BILLION), 2020-2029
TABLE 91 JAPAN VERTICAL FARMING MARKET BY STRUCTURE (THOUSAND UNITS), 2020-2029
TABLE 92 JAPAN VERTICAL FARMING MARKET BY COMPONENT (USD BILLION), 2020-2029
TABLE 93 JAPAN VERTICAL FARMING MARKET BY COMPONENT (THOUSAND UNITS), 2020-2029
TABLE 94 SOUTH KOREA VERTICAL FARMING MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 95 SOUTH KOREA VERTICAL FARMING MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 96 SOUTH KOREA VERTICAL FARMING MARKET BY STRUCTURE (USD BILLION), 2020-2029
TABLE 97 SOUTH KOREA VERTICAL FARMING MARKET BY STRUCTURE (THOUSAND UNITS), 2020-2029
TABLE 98 SOUTH KOREA VERTICAL FARMING MARKET BY COMPONENT (USD BILLION), 2020-2029
TABLE 99 SOUTH KOREA VERTICAL FARMING MARKET BY COMPONENT (THOUSAND UNITS), 2020-2029
TABLE 100 AUSTRALIA VERTICAL FARMING MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 101 AUSTRALIA VERTICAL FARMING BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 102 AUSTRALIA VERTICAL FARMING MARKET BY STRUCTURE (USD BILLION), 2020-2029
TABLE 103 AUSTRALIA VERTICAL FARMING MARKET BY STRUCTURE (THOUSAND UNITS), 2020-2029
TABLE 104 AUSTRALIA VERTICAL FARMING MARKET BY COMPONENT (USD BILLION), 2020-2029
TABLE 105 AUSTRALIA VERTICAL FARMING MARKET BY COMPONENT (THOUSAND UNITS), 2020-2029
TABLE 106 SOUTH EAST ASIA VERTICAL FARMING MARKET BY TYPE (USD MI LLION), 2020-2029
TABLE 107 SOUTH EAST ASIA VERTICAL FARMING BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 108 SOUTH EAST ASIA VERTICAL FARMING MARKET BY STRUCTURE (USD BILLION), 2020-2029
TABLE 109 SOUTH EAST ASIA VERTICAL FARMING MARKET BY STRUCTURE (THOUSAND UNITS), 2020-2029
TABLE 110 SOUTH EAST ASIA VERTICAL FARMING MARKET BY COMPONENT (USD BILLION), 2020-2029
TABLE 111 SOUTH EAST ASIA VERTICAL FARMING MARKET BY COMPONENT (THOUSAND UNITS), 2020-2029
TABLE 112 REST OF ASIA PACIFIC VERTICAL FARMING MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 113 REST OF ASIA PACIFIC VERTICAL FARMING BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 114 REST OF ASIA PACIFIC VERTICAL FARMING MARKET BY STRUCTURE (USD BILLION), 2020-2029
TABLE 115 REST OF ASIA PACIFIC VERTICAL FARMING MARKET BY STRUCTURE (THOUSAND UNITS), 2020-2029
TABLE 116 REST OF ASIA PACIFIC VERTICAL FARMING MARKET BY COMPONENT (USD BILLION), 2020-2029
TABLE 117 REST OF ASIA PACIFIC VERTICAL FARMING MARKET BY COMPONENT (THOUSAND UNITS), 2020-2029
TABLE 118 EUROPE VERTICAL FARMING MARKET BY COUNTRY (USD BILLION), 2020-2029
TABLE 119 EUROPE VERTICAL FARMING MARKET BY COUNTRY (THOUSAND UNITS), 2020-2029
TABLE 120 EUROPE VERTICAL FARMING MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 121 EUROPE VERTICAL FARMING MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 122 EUROPE VERTICAL FARMING MARKET BY STRUCTURE (USD BILLION), 2020-2029
TABLE 123 EUROPE VERTICAL FARMING MARKET BY STRUCTURE (THOUSAND UNITS), 2020-2029
TABLE 124 EUROPE VERTICAL FARMING MARKET BY COMPONENT (USD BILLION), 2020-2029
TABLE 125 EUROPE VERTICAL FARMING MARKET BY COMPONENT (THOUSAND UNITS), 2020-2029
TABLE 126 GERMANY VERTICAL FARMING MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 127 GERMANY VERTICAL FARMING MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 128 GERMANY VERTICAL FARMING MARKET BY STRUCTURE (USD BILLION), 2020-2029
TABLE 129 GERMANY VERTICAL FARMING MARKET BY STRUCTURE (THOUSAND UNITS), 2020-2029
TABLE 130 GERMANY VERTICAL FARMING MARKET BY COMPONENT (USD BILLION), 2020-2029
TABLE 131 GERMANY VERTICAL FARMING MARKET BY COMPONENT (THOUSAND UNITS), 2020-2029
TABLE 132 UK VERTICAL FARMING MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 133 UK VERTICAL FARMING MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 134 UK VERTICAL FARMING MARKET BY STRUCTURE (USD BILLION), 2020-2029
TABLE 135 UK VERTICAL FARMING MARKET BY STRUCTURE (THOUSAND UNITS), 2020-2029
TABLE 136 UK VERTICAL FARMING MARKET BY COMPONENT (USD BILLION), 2020-2029
TABLE 137 UK VERTICAL FARMING MARKET BY COMPONENT (THOUSAND UNITS), 2020-2029
TABLE 138 FRANCE VERTICAL FARMING MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 139 FRANCE VERTICAL FARMING MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 140 FRANCE VERTICAL FARMING MARKET BY STRUCTURE (USD BILLION), 2020-2029
TABLE 141 FRANCE VERTICAL FARMING MARKET BY STRUCTURE (THOUSAND UNITS), 2020-2029
TABLE 142 FRANCE VERTICAL FARMING MARKET BY COMPONENT (USD BILLION), 2020-2029
TABLE 143 FRANCE VERTICAL FARMING MARKET BY COMPONENT (THOUSAND UNITS), 2020-2029
TABLE 144 ITALY VERTICAL FARMING MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 145 ITALY VERTICAL FARMING MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 146 ITALY VERTICAL FARMING MARKET BY STRUCTURE (USD BILLION), 2020-2029
TABLE 147 ITALY VERTICAL FARMING MARKET BY STRUCTURE (THOUSAND UNITS), 2020-2029
TABLE 148 ITALY VERTICAL FARMING MARKET BY COMPONENT (USD BILLION), 2020-2029
TABLE 149 ITALY VERTICAL FARMING MARKET BY COMPONENT (THOUSAND UNITS), 2020-2029
TABLE 150 SPAIN VERTICAL FARMING MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 151 SPAIN VERTICAL FARMING MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 152 SPAIN VERTICAL FARMING MARKET BY STRUCTURE (USD BILLION), 2020-2029
TABLE 153 SPAIN VERTICAL FARMING MARKET BY STRUCTURE (THOUSAND UNITS), 2020-2029
TABLE 154 SPAIN VERTICAL FARMING MARKET BY COMPONENT (USD BILLION), 2020-2029
TABLE 155 SPAIN VERTICAL FARMING MARKET BY COMPONENT (THOUSAND UNITS), 2020-2029
TABLE 156 RUSSIA VERTICAL FARMING MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 157 RUSSIA VERTICAL FARMING MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 158 RUSSIA VERTICAL FARMING MARKET BY STRUCTURE (USD BILLION), 2020-2029
TABLE 159 RUSSIA VERTICAL FARMING MARKET BY STRUCTURE (THOUSAND UNITS), 2020-2029
TABLE 160 RUSSIA VERTICAL FARMING MARKET BY COMPONENT (USD BILLION), 2020-2029
TABLE 161 RUSSIA VERTICAL FARMING MARKET BY COMPONENT (THOUSAND UNITS), 2020-2029
TABLE 162 REST OF EUROPE VERTICAL FARMING MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 163 REST OF EUROPE VERTICAL FARMING MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 164 REST OF EUROPE VERTICAL FARMING MARKET BY STRUCTURE (USD BILLION), 2020-2029
TABLE 165 REST OF EUROPE VERTICAL FARMING MARKET BY STRUCTURE (THOUSAND UNITS), 2020-2029
TABLE 166 REST OF EUROPE VERTICAL FARMING MARKET BY COMPONENT (USD BILLION), 2020-2029
TABLE 167 REST OF EUROPE VERTICAL FARMING MARKET BY COMPONENT (THOUSAND UNITS), 2020-2029
TABLE 168 MIDDLE EAST AND AFRICA VERTICAL FARMING MARKET BY COUNTRY (USD BILLION), 2020-2029
TABLE 169 MIDDLE EAST AND AFRICA VERTICAL FARMING MARKET BY COUNTRY (THOUSAND UNITS), 2020-2029
TABLE 170 MIDDLE EAST AND AFRICA VERTICAL FARMING MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 171 MIDDLE EAST AND AFRICA VERTICAL FARMING MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 172 MIDDLE EAST AND AFRICA VERTICAL FARMING MARKET BY STRUCTURE (USD BILLION), 2020-2029
TABLE 173 MIDDLE EAST AND AFRICA VERTICAL FARMING MARKET BY STRUCTURE (THOUSAND UNITS), 2020-2029
TABLE 174 MIDDLE EAST AND AFRICA VERTICAL FARMING MARKET BY COMPONENT (USD BILLION), 2020-2029
TABLE 175 MIDDLE EAST AND AFRICA VERTICAL FARMING MARKET BY COMPONENT (THOUSAND UNITS), 2020-2029
TABLE 176 UAE VERTICAL FARMING MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 177 UAE VERTICAL FARMING MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 178 UAE VERTICAL FARMING MARKET BY STRUCTURE (USD BILLION), 2020-2029
TABLE 179 UAE VERTICAL FARMING MARKET BY STRUCTURE (THOUSAND UNITS), 2020-2029
TABLE 180 UAE VERTICAL FARMING MARKET BY COMPONENT (USD BILLION), 2020-2029
TABLE 181 UAE VERTICAL FARMING MARKET BY COMPONENT (THOUSAND UNITS), 2020-2029
TABLE 182 SAUDI ARABIA VERTICAL FARMING MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 183 SAUDI ARABIA VERTICAL FARMING MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 184 SAUDI ARABIA VERTICAL FARMING MARKET BY STRUCTURE (USD BILLION), 2020-2029
TABLE 185 SAUDI ARABIA VERTICAL FARMING MARKET BY STRUCTURE (THOUSAND UNITS), 2020-2029
TABLE 186 SAUDI ARABIA VERTICAL FARMING MARKET BY COMPONENT (USD BILLION), 2020-2029
TABLE 187 SAUDI ARABIA VERTICAL FARMING MARKET BY COMPONENT (THOUSAND UNITS), 2020-2029
TABLE 188 SOUTH AFRICA VERTICAL FARMING MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 189 SOUTH AFRICA VERTICAL FARMING MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 190 SOUTH AFRICA VERTICAL FARMING MARKET BY STRUCTURE (USD BILLION), 2020-2029
TABLE 191 SOUTH AFRICA VERTICAL FARMING MARKET BY STRUCTURE (THOUSAND UNITS), 2020-2029
TABLE 192 SOUTH AFRICA VERTICAL FARMING MARKET BY COMPONENT (USD BILLION), 2020-2029
TABLE 193 SOUTH AFRICA VERTICAL FARMING MARKET BY COMPONENT (THOUSAND UNITS), 2020-2029
TABLE 194 REST OF MIDDLE EAST AND AFRICA VERTICAL FARMING MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 195 REST OF MIDDLE EAST AND AFRICA VERTICAL FARMING MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 196 REST OF MIDDLE EAST AND AFRICA VERTICAL FARMING MARKET BY STRUCTURE (USD BILLION), 2020-2029
TABLE 197 REST OF MIDDLE EAST AND AFRICA VERTICAL FARMING MARKET BY STRUCTURE (THOUSAND UNITS), 2020-2029
TABLE 198 REST OF MIDDLE EAST AND AFRICA VERTICAL FARMING MARKET BY COMPONENT (USD BILLION), 2020-2029
TABLE 199 REST OF MIDDLE EAST AND AFRICA VERTICAL FARMING MARKET BY COMPONENT (THOUSAND UNITS), 2020-2029
LIST OF FIGURESÂ Â Â Â Â Â Â Â Â Â Â Â Â Â
FIGURE 1Â Â Â Â Â Â Â Â Â Â Â Â MARKET DYNAMICS
FIGURE 2Â Â Â Â Â Â Â Â Â Â Â Â MARKET SEGMENTATION
FIGURE 3Â Â Â Â Â Â Â Â Â Â Â Â REPORT TIMELINES: YEARS CONSIDERED
FIGURE 4Â Â Â Â Â Â Â Â Â Â Â Â DATA TRIANGULATION
FIGURE 5Â Â Â Â Â Â Â Â Â Â Â Â BOTTOM-UP APPROACH
FIGURE 6Â Â Â Â Â Â Â Â Â Â Â Â TOP-DOWN APPROACH
FIGURE 7Â Â Â Â Â Â Â Â Â Â Â Â RESEARCH FLOW
FIGURE 8Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL VERTICAL FARMING BY TYPE, USD BILLION, 2020-2029
FIGURE 9Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL VERTICAL FARMING BY STRUCTURE, USD BILLION, 2020-2029
FIGURE 10Â Â Â Â Â Â Â Â Â Â GLOBAL VERTICAL FARMING BY COMPONENT, USD BILLION, 2020-2029
FIGURE 11Â Â Â Â Â Â Â Â Â Â GLOBAL VERTICAL FARMING BY REGION, USD BILLION, 2020-2029
FIGURE 12          PORTER’S FIVE FORCES MODEL
FIGURE 13Â Â Â Â Â Â Â Â Â Â GLOBAL VERTICAL FARMING MARKET BY TYPE, USD BILLION, 2021
FIGURE 14Â Â Â Â Â Â Â Â Â Â GLOBAL VERTICAL FARMING MARKET BY STRUCTURE, USD BILLION, 2021
FIGURE 15Â Â Â Â Â Â Â Â Â Â GLOBAL VERTICAL FARMING MARKET BY COMPONENT, USD BILLION, 2021
FIGURE 16Â Â Â Â Â Â Â Â Â Â GLOBAL VERTICAL FARMING MARKET BY REGION, USD BILLION, 2021
FIGURE 17Â Â Â Â Â Â Â Â Â Â MARKET SHARE ANALYSIS
FIGURE 18Â Â Â Â Â Â Â Â Â Â AEROFARMS: COMPANY SNAPSHOT
FIGURE 19Â Â Â Â Â Â Â Â Â Â PLENTY: COMPANY SNAPSHOT
FIGURE 20Â Â Â Â Â Â Â Â Â Â GREEN SPIRIT FARMS: COMPANY SNAPSHOT
FIGURE 21Â Â Â Â Â Â Â Â Â Â BOWERY FARMING: COMPANY SNAPSHOT
FIGURE 22Â Â Â Â Â Â Â Â Â Â BRIGHTFARMS: COMPANY SNAPSHOT
FIGURE 23Â Â Â Â Â Â Â Â Â Â GOTHAM GREENS: COMPANY SNAPSHOT
FIGURE 24Â Â Â Â Â Â Â Â Â Â IRON OX: COMPANY SNAPSHOT
FIGURE 25Â Â Â Â Â Â Â Â Â Â INFARM: COMPANY SNAPSHOT
FIGURE 26Â Â Â Â Â Â Â Â Â Â AGRICOOL: COMPANY SNAPSHOT
FIGURE 27Â Â Â Â Â Â Â Â Â Â CROPONE: COMPANY SNAPSHOT
FIGURE 28Â Â Â Â Â Â Â Â Â Â ILLUMITEX: COMPANY SNAPSHOT
FIGURE 29Â Â Â Â Â Â Â Â Â Â PODPONICS: COMPANY SNAPSHOT
FIGURE 30Â Â Â Â Â Â Â Â Â Â SURNA: COMPANY SNAPSHOT
FIGURE 31Â Â Â Â Â Â Â Â Â Â FREGHT FARMS: COMPANY SNAPSHOT
FAQ
Vertical farming market is expected to grow at 24% CAGR from 2022 to 2029. it is expected to reach above USD 22.18 billion by 2029
North America held more than 38% of vertical farming market revenue share in 2021 and will witness expansion in the forecast period.
The market’s expansion is due to the rising popularity of producing fruits and vegetables in an environmentally responsible manner. The demand for urban agriculture has grown as a result of the extraordinary rise in world population.
The aquaponics market segment is anticipated to gain a sizable market share during the anticipated time frame. Hydroponics and aquaculture are combined in aquaponics, which eliminates the need for harmful chemicals in agriculture.
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