The Vertical Farming Market is projected to reach USD 23.56 billion by 2030 from USD 4.09 billion in 2022, at a CAGR of 24.45% during the forecast period.

Market Segmentation & Coverage:

This research report analyzes various sub-markets, forecasts revenues, and examines emerging trends in each category to provide a comprehensive outlook on the Vertical Farming Market.

  • Based on Growth Mechanism, market is studied across Aeroponics, Aquaponics, and Hydroponics. The Hydroponics commanded largest market share of 69.29% in 2022, followed by Aquaponics.

  • Based on Offering, market is studied across Climate Control, Hydroponics Components, Lighting, and Sensors. The Climate Control is further studied across Air Purification/Control and Ventilation Fans. The Hydroponics Components is further studied across Meters & Solutions, Pumps & Irrigation, and Water Filtration. The Lighting is further studied across Light Ballasts, Light Reflectors, and Lights. The Sensors is further studied across CO2 Sensors, Crop Sensors, Nutrient Sensors, PH Sensors, and Temperature Sensors. The Climate Control commanded largest market share of 32.52% in 2022, followed by Sensors.

  • Based on Crop Type, market is studied across Flowers & Ornamentals and Fruit, Vegetable & Herbs. The Flowers & Ornamentals is projected to witness significant market share during forecast period.

  • Based on Structure, market is studied across Building-Based Vertical Farms and Shipping Container Vertical Farms. The Building-Based Vertical Farms is projected to witness significant market share during forecast period.

  • Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 40.70% in 2022, followed by Europe, Middle East & Africa.

Market Statistics:

The report provides market sizing and forecasts across 7 major currencies - USD, EUR, JPY, GBP, AUD, CAD, and CHF; multiple currency support helps organization leaders to make well-informed decisions. In this report, 2018 to 2021 are considered as historical years, 2022 is base year, 2023 is estimated year, and years from 2024 to 2030 are considered as forecast period.

FPNV Positioning Matrix:

The FPNV Positioning Matrix is an indispensable tool for assessing the Vertical Farming Market. It comprehensively evaluates vendors, analyzing key metrics related to Business Strategy and Product Satisfaction. This enables users to make informed decisions tailored to their specific needs. Through advanced analysis, vendors are categorized into four distinct quadrants, each representing a different level of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V). Be assured that this insightful framework empowers decision-makers to navigate the market with confidence.

Market Share Analysis:

The Market Share Analysis offers invaluable insights into the vendor landscape Vertical Farming Market. By evaluating their impact on overall revenue, customer base, and other key metrics, we provide companies with a comprehensive understanding of their performance and the competitive environment they confront. This analysis also uncovers the level of competition in terms of market share acquisition, fragmentation, dominance, and industry consolidation during the study period.

Key Company Profiles:

The report delves into recent significant developments in the Vertical Farming Market, highlighting leading vendors and their innovative profiles. These include 4D Bios, Inc., AeroFarms, LLC, Amhydro, Bowery Farming Inc., Climate Control Systems Inc., CubicFarm Systems Corp., Dream Harvest, DryGair Energies Ltd., Eden Green Technology, Everlight Electronics Co., Ltd., Freight Farms, Inc., GP Solutions, Inc., Green Sense Farms Holdings, Inc., H2O Engineering Inc. by Newterra Inc., Heliospectra AB, Kalera PL, KE GrowAir B.V., Koninklijke Philips N.V., OSRAM Group, Plenty, Priva BV, Sananbio, Surna Cultivation Technologies, Thrive Agritech, Inc., Urban Crop Solutions, Valoya Oy, Vertical Future, and Vertical roots.

The report offers valuable insights on the following aspects:

  1. Market Penetration: It provides comprehensive information about key players’ market dynamics and offerings.
  2. Market Development: In-depth analysis of emerging markets and penetration across mature market segments, highlighting lucrative opportunities.
  3. Market Diversification: Detailed information about new product launches, untapped geographies, recent developments, and investments.
  4. Competitive Assessment & Intelligence: Exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of leading players.
  5. Product Development & Innovation: Intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

  1. What is the market size and forecast for the Vertical Farming Market?
  2. Which products, segments, applications, and areas hold the highest investment potential in the Vertical Farming Market?
  3. What is the competitive strategic window for identifying opportunities in the Vertical Farming Market?
  4. What are the latest technology trends and regulatory frameworks in the Vertical Farming Market?
  5. What is the market share of the leading vendors in the Vertical Farming Market?
  6. Which modes and strategic moves are suitable for entering the Vertical Farming Market?