U.S. Cannabis Vertical Farming Market Size & Outlook
U.S. cannabis vertical farming market, 2017-2030 (US$M)
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U.S. cannabis vertical farming market highlights
- The U.S. cannabis vertical farming market generated a revenue of USD 94.8 million in 2023 and is expected to reach USD 292.7 million by 2030.
- The U.S. market is expected to grow at a CAGR of 17.5% 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.
Cannabis vertical farming market data book summary
| Market revenue in 2023 | USD 94.8 million |
| Market revenue in 2030 | USD 292.7 million |
| Growth rate | 17.5% (CAGR from 2023 to 2030) |
| Largest segment | Container |
| Fastest growing segment | Building Based |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 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, U.S. accounted for 22.6% of the global cannabis vertical farming market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. cannabis vertical farming market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 148.8 million by 2030.
Key Regions: Canada , Italy , Spain , Australia , South Korea
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Cannabis Vertical Farming Market Scope
Cannabis Vertical Farming Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
U.S. 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 53.16% in 2024. Horizon Databook has segmented the U.S. 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 country-level data and insights on the U.S. cannabis vertical farming market , including forecasts for subscribers. This country databook contains high-level insights into U.S. cannabis vertical farming market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. cannabis vertical farming market size, by structure, 2017-2030 (US$M)
U.S. Cannabis Vertical Farming Market Outlook Share, 2024 & 2030 (US$M)
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