North America Cannabis Vertical Farming Market Size & Outlook
North America cannabis vertical farming market, 2017-2030 (US$M)
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North America cannabis vertical farming market highlights
- The North America cannabis vertical farming market generated a revenue of USD 138.2 million in 2023.
- The market is expected to grow at a CAGR of 18% from 2024 to 2030.
- In terms of segment, container was the largest revenue generating structure in 2023.
- Building Based is the most lucrative structure segment registering the fastest growth during the forecast period.
- Country-wise, Canada is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 138.2 million |
| Market revenue in 2030 | USD 441.5 million |
| Growth rate | 18% (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 |
| Key market players worldwide | Fluence Energy Inc, Agrify Corp Ordinary Shares, Heliospectra, Village Farms International Inc, Calavo Growers Inc, Green Living Technologies International, Greenbriar Sustainable Living Inc, Bosman Van Zaal, STX Group, Urban Crop Solutions, Aessense Holding, BIOFLORAL, AgriAir, Cropking |
Other key industry trends
- In terms of revenue, North America region accounted for 33.0% of the global cannabis vertical farming market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 369.5 million by 2030.
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Cannabis Vertical Farming Market Scope
Cannabis Vertical Farming Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
North America 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 53.47% in 2024. Horizon Databook has segmented the North America cannabis vertical farming market based on container, building based covering the revenue growth of each sub-segment from 2017 to 2030.
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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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Horizon Databook provides a detailed overview of continent-level data and insights on the North America cannabis vertical farming market , including forecasts for subscribers. This continent databook contains high-level insights into North America cannabis vertical farming market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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North America cannabis vertical farming market size, by country, 2017-2030 (US$M)
North America Cannabis Vertical Farming Market Outlook Share, 2024 & 2030 (US$M)
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