Global Cannabis Vertical Farming Market Size & Outlook
Global cannabis vertical farming market, 2017-2030 (US$M)
Related Markets
Global cannabis vertical farming market highlights
- The global cannabis vertical farming market generated a revenue of USD 418.7 million in 2023 and is expected to reach USD 1,377.0 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 18.5% by 2030.
- In terms of segment, container accounted for a revenue of USD 222.5 million in 2023.
- Building Based is the most lucrative structure segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, U.S. is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 418.7 million |
| Market revenue in 2030 | USD 1,377.0 million |
| Growth rate | 18.5% (CAGR from 2023 to 2030) |
| Largest segment | Container |
| Fastest growing segment | Building Based |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Container, Building Based |
Other key industry trends
- In terms of revenue, the North America accounted for 33.0% of the global cannabis vertical farming market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, U.S. is the fastest growing regional market and is projected to reach USD 292.7 million by 2030.
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Cannabis Vertical Farming Market Scope
Cannabis Vertical Farming Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global cannabis vertical farming market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to cannabis vertical farming market will help companies and investors design strategic landscapes.
Container was the largest segment with a revenue share of 53.14% in 2024. Horizon Databook has segmented the Global cannabis vertical farming market based on container, building based covering the revenue growth of each sub-segment from 2017 to 2030.
- Global Cannabis Vertical Farming Structure Outlook (Revenue, USD Million, 2017-2030)
- Container
- Building Based
- Global Cannabis Vertical Farming Component Outlook (Revenue, USD Million, 2017-2030)
- Hardware
- Lighting
- Hydroponic components
- Climate control
- Sensors
- Software
- Services
- System Integration & Consulting
- Managed Services
- Assisted Professional Services
- Hardware
- Global Cannabis Vertical Farming Growing Mechanism Outlook (Revenue, USD Million, 2017-2030)
- Aeroponics
- Hydroponics
- Aquaponics
- Global Cannabis Vertical Farming Application Outlook (Revenue, USD Million, 2017-2030)
- Medical Cannabis
- Recreational Cannabis
- Research and Development
- Others
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Our clientele includes a mix of cannabis vertical farming market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global cannabis vertical farming market , including forecasts for subscribers. This global databook contains high-level insights into Global cannabis vertical farming market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Global cannabis vertical farming market size, by regions, 2017-2030 (US$M)
Top 10 countries: Cannabis vertical farming market size, 2024 (US$M)
Global cannabis vertical farming market share, by structure, 2024 & 2030 (%, US$M)
Cannabis vertical farming market: Opportunity assessment by country
Global cannabis vertical farming market, by region, 2024 (US$M)
| Structure | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 61.2 | 69.5 | 79.3 | 90.6 | 103.9 | 119.6 | 138.2 | 160.2 | 186.8 | 219.0 | 258.5 | 307.0 | 367.7 | 441.5 | 18.4% |
| Europe | 52.8 | 60.4 | 69.4 | 79.9 | 92.1 | 106.8 | 124.2 | 145.0 | 170.1 | 200.9 | 238.6 | 285.4 | 344.1 | 416.0 | 19.2% |
| Asia Pacific | 45.7 | 52.5 | 60.4 | 69.6 | 80.5 | 93.4 | 108.8 | 127.3 | 149.7 | 177.1 | 210.7 | 252.5 | 305.0 | 369.5 | 19.4% |
| Latin America | 8.5 | 9.7 | 11.1 | 12.7 | 14.6 | 16.9 | 19.5 | 22.7 | 26.6 | 31.2 | 36.9 | 44.0 | 52.8 | 63.6 | 18.7% |
| MEA | 12.6 | 14.3 | 16.2 | 18.5 | 21.2 | 24.2 | 27.9 | 32.2 | 37.5 | 43.7 | 51.4 | 60.7 | 72.4 | 86.4 | 17.9% |
| Overall | 180.8 | 206.4 | 236.4 | 271.3 | 312.3 | 360.9 | 418.7 | 487.5 | 570.7 | 671.9 | 796.2 | 949.6 | 1,142.0 | 1,377.0 | 18.9% |
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