Vertical Farming Market Size, Share & Trends Analysis Report By Structure, By Component (Hardware, Software, Services), By Growing Mechanism (Aeroponics, Hydroponics), By Crop Category, And Segment Forecasts, 2024 - 2030
- Report ID: GVR-1-68038-797-1
- Number of Report Pages: 120
- Format: PDF, Horizon Databook
- Historical Range: 2017 - 2023
- Forecast Period: 2023 - 2030
- Industry: Technology
Market segmentation
- Vertical Farming Structure Outlook (Revenue, USD Million, 2017 - 2030)
- Shipping container
- Building-based
- 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
- Vertical Farming Growing Mechanism Outlook (Revenue, USD Million, 2017 - 2030)
- Hydroponics
- Aeroponics
- Aquaponics
- Vertical Farming Crop Category Outlook (Revenue, USD Million, 2017 - 2030)
- Fruits Vegetables, & Herbs
- Tomato
- Lettuce
- Bell & Chili Peppers
- Strawberry
- Cucumber
- Leafy Greens (excluding lettuce)
- Herbs
- Others
- Flowers & Ornamentals
- Perennials
- Annuals
- Ornamentals
- Others (Cannabis, Microgreens)
- Fruits Vegetables, & Herbs
- Vertical Farming Regional Outlook (Revenue, USD Million, 2017 - 2030)
- North America
- North America Vertical Farming Market, By Structure
- Shipping Container
- Building-based
- North America Vertical Farming Market, By Component
- Hardware
- Lighting
- Hydroponic components
- Climate control
- Sensors
- Software
- Services
- System Integration & Consulting
- Managed Services
- Assisted Professional Services
- Hardware
- North America Vertical Farming Market, By Growing Mechanism
- Hydroponics
- Aeroponics
- Aquaponics
- North America Vertical Farming Market, By Crop Category
- Fruits Vegetables, & Herbs
- Tomato
- Lettuce
- Bell & Chili Peppers
- Strawberry
- Cucumber
- Leafy Greens (excluding lettuce)
- Herbs
- Others
- Flowers & Ornamentals
- Perennials
- Annuals
- Ornamentals
- Others (Cannabis, Microgreens)
- Fruits Vegetables, & Herbs
- U.S.
- U.S. Vertical Farming Market, By Structure
- Shipping Container
- Building-based
- U.S. Vertical Farming Market, By Component
- Hardware
- Lighting
- Hydroponic components
- Climate control
- Sensors
- Software
- Services
- System Integration & Consulting
- Managed Services
- Assisted Professional Services
- Hardware
- U.S. Vertical Farming Market, By Growing Mechanism
- Hydroponics
- Aeroponics
- Aquaponics
- U.S. Vertical Farming Market, By Crop Category
- Fruits Vegetables, & Herbs
- Tomato
- Lettuce
- Bell & Chili Peppers
- Strawberry
- Cucumber
- Leafy Greens (excluding lettuce)
- Herbs
- Others
- Flowers & Ornamentals
- Perennials
- Annuals
- Ornamentals
- Others (Cannabis, Microgreens)
- Fruits Vegetables, & Herbs
- U.S. Vertical Farming Market, By Structure
- Canada
- Canada Vertical Farming Market, By Structure
- Shipping Container
- Building-based
- Canada Vertical Farming Market, By Component
- Hardware
- Lighting
- Hydroponic components
- Climate control
- Sensors
- Software
- Services
- System Integration & Consulting
- Managed Services
- Assisted Professional Services
- Hardware
- Canada Vertical Farming Market, By Growing Mechanism
- Hydroponics
- Aeroponics
- Aquaponics
- Canada Vertical Farming Market, By Crop Category
- Fruits Vegetables, & Herbs
- Tomato
- Lettuce
- Bell & Chili Peppers
- Strawberry
- Cucumber
- Leafy Greens (excluding lettuce)
- Herbs
- Others
- Flowers & Ornamentals
- Perennials
- Annuals
- Ornamentals
- Others (Cannabis, Microgreens)
- Fruits Vegetables, & Herbs
- Canada Vertical Farming Market, By Structure
- Mexico
- Mexico Vertical Farming Market, By Structure
- Shipping Container
- Building-based
- Mexico Vertical Farming Market, By Component
- Hardware
- Lighting
- Hydroponic components
- Climate control
- Sensors
- Software
- Services
- System Integration & Consulting
- Managed Services
- Assisted Professional Services
- Hardware
- Mexico Vertical Farming Market, By Growing Mechanism
- Hydroponics
- Aeroponics
- Aquaponics
- Mexico Vertical Farming Market, By Crop Category
- Fruits Vegetables, & Herbs
- Tomato
- Lettuce
- Bell & Chili Peppers
- Strawberry
- Cucumber
- Leafy Greens (excluding lettuce)
- Herbs
- Others
- Flowers & Ornamentals
- Perennials
- Annuals
- Ornamentals
- Others (Cannabis, Microgreens)
- Fruits Vegetables, & Herbs
- Mexico Vertical Farming Market, By Structure
- North America Vertical Farming Market, By Structure
- Europe
- Europe Vertical Farming Market, By Structure
- Shipping Container
- Building-based
- Europe Vertical Farming Market, By Component
- Hardware
- Lighting
- Hydroponic components
- Climate control
- Sensors
- Software
- Services
- System Integration & Consulting
- Managed Services
- Assisted Professional Services
- Hardware
- Europe Vertical Farming Market, By Growing Mechanism
- Hydroponics
- Aeroponics
- Aquaponics
- Europe Vertical Farming Market, By Crop Category
- Fruits Vegetables, & Herbs
- Tomato
- Lettuce
- Bell & Chili Peppers
- Strawberry
- Cucumber
- Leafy Greens (excluding lettuce)
- Herbs
- Others
- Flowers & Ornamentals
- Perennials
- Annuals
- Ornamentals
- Others (Cannabis, Microgreens)
- Fruits Vegetables, & Herbs
- U.K.
- U.K. Vertical Farming Market, By Structure
- Shipping Container
- Building-based
- U.K. Vertical Farming Market, By Component
- Hardware
- Lighting
- Hydroponic components
- Climate control
- Sensors
- Software
- Services
- System Integration & Consulting
- Managed Services
- Assisted Professional Services
- Hardware
- U.K. Vertical Farming Market, By Growing Mechanism
- Hydroponics
- Aeroponics
- Aquaponics
- U.K. Vertical Farming Market, By Crop Category
- Fruits Vegetables, & Herbs
- Tomato
- Lettuce
- Bell & Chili Peppers
- Strawberry
- Cucumber
- Leafy Greens (excluding lettuce)
- Herbs
- Others
- Flowers & Ornamentals
- Perennials
- Annuals
- Ornamentals
- Others (Cannabis, Microgreens)
- Fruits Vegetables, & Herbs
- U.K. Vertical Farming Market, By Structure
- Germany
- Germany Vertical Farming Market, By Structure
- Shipping Container
- Building-based
- Germany Vertical Farming Market, By Component
- Hardware
- Lighting
- Hydroponic components
- Climate control
- Sensors
- Software
- Services
- System Integration & Consulting
- Managed Services
- Assisted Professional Services
- Hardware
- Germany Vertical Farming Market, By Growing Mechanism
- Hydroponics
- Aeroponics
- Aquaponics
- Germany Vertical Farming Market, By Crop Category
- Fruits Vegetables, & Herbs
- Tomato
- Lettuce
- Bell & Chili Peppers
- Strawberry
- Cucumber
- Leafy Greens (excluding lettuce)
- Herbs
- Others
- Flowers & Ornamentals
- Perennials
- Annuals
- Ornamentals
- Others (Cannabis, Microgreens)
- Fruits Vegetables, & Herbs
- Germany Vertical Farming Market, By Structure
- France
- France Vertical Farming Market, By Structure
- Shipping Container
- Building-based
- France Vertical Farming Market, By Component
- Hardware
- Lighting
- Hydroponic components
- Climate control
- Sensors
- Software
- Services
- System Integration & Consulting
- Managed Services
- Assisted Professional Services
- Hardware
- France Vertical Farming Market, By Growing Mechanism
- Hydroponics
- Aeroponics
- Aquaponics
- France Vertical Farming Market, By Crop Category
- Fruits Vegetables, & Herbs
- Tomato
- Lettuce
- Bell & Chili Peppers
- Strawberry
- Cucumber
- Leafy Greens (excluding lettuce)
- Herbs
- Others
- Flowers & Ornamentals
- Perennials
- Annuals
- Ornamentals
- Others (Cannabis, Microgreens)
- Fruits Vegetables, & Herbs
- France Vertical Farming Market, By Structure
- Europe Vertical Farming Market, By Structure
- Asia Pacific
- Asia Pacific Vertical Farming Market, By Structure
- Shipping Container
- Building-based
- Asia Pacific Vertical Farming Market, By Component
- Hardware
- Lighting
- Hydroponic components
- Climate control
- Sensors
- Software
- Services
- System Integration & Consulting
- Managed Services
- Assisted Professional Services
- Hardware
- Asia Pacific Vertical Farming Market, By Growing Mechanism
- Hydroponics
- Aeroponics
- Aquaponics
- Asia Pacific Vertical Farming Market, By Crop Category
- Fruits Vegetables, & Herbs
- Tomato
- Lettuce
- Bell & Chili Peppers
- Strawberry
- Cucumber
- Leafy Greens (excluding lettuce)
- Herbs
- Others
- Flowers & Ornamentals
- Perennials
- Annuals
- Ornamentals
- Others (Cannabis, Microgreens)
- Fruits Vegetables, & Herbs
- China
- China Vertical Farming Market, By Structure
- Shipping Container
- Building-based
- China Vertical Farming Market, By Component
- Hardware
- Lighting
- Hydroponic components
- Climate control
- Sensors
- Software
- Services
- System Integration & Consulting
- Managed Services
- Assisted Professional Services
- Hardware
- China Vertical Farming Market, By Growing Mechanism
- Hydroponics
- Aeroponics
- Aquaponics
- China Vertical Farming Market, By Crop Category
- Fruits Vegetables, & Herbs
- Tomato
- Lettuce
- Bell & Chili Peppers
- Strawberry
- Cucumber
- Leafy Greens (excluding lettuce)
- Herbs
- Others
- Flowers & Ornamentals
- Perennials
- Annuals
- Ornamentals
- Others (Cannabis, Microgreens)
- Fruits Vegetables, & Herbs
- China Vertical Farming Market, By Structure
- Japan
- Japan Vertical Farming Market, By Structure
- Shipping Container
- Building-based
- Japan Vertical Farming Market, By Component
- Hardware
- Lighting
- Hydroponic components
- Climate control
- Sensors
- Software
- Services
- System Integration & Consulting
- Managed Services
- Assisted Professional Services
- Hardware
- Japan Vertical Farming Market, By Growing Mechanism
- Hydroponics
- Aeroponics
- Aquaponics
- Japan Vertical Farming Market, By Crop Category
- Fruits Vegetables, & Herbs
- Tomato
- Lettuce
- Bell & Chili Peppers
- Strawberry
- Cucumber
- Leafy Greens (excluding lettuce)
- Herbs
- Others
- Flowers & Ornamentals
- Perennials
- Annuals
- Ornamentals
- Others (Cannabis, Microgreens)
- Fruits Vegetables, & Herbs
- Japan Vertical Farming Market, By Structure
- India
- India Vertical Farming Market, By Structure
- Shipping Container
- Building-based
- India Vertical Farming Market, By Component
- Hardware
- Lighting
- Hydroponic components
- Climate control
- Sensors
- Software
- Services
- System Integration & Consulting
- Managed Services
- Assisted Professional Services
- Hardware
- India Vertical Farming Market, By Growing Mechanism
- Hydroponics
- Aeroponics
- Aquaponics
- India Vertical Farming Market, By Crop Category
- Fruits Vegetables, & Herbs
- Tomato
- Lettuce
- Bell & Chili Peppers
- Strawberry
- Cucumber
- Leafy Greens (excluding lettuce)
- Herbs
- Others
- Flowers & Ornamentals
- Perennials
- Annuals
- Ornamentals
- Others (Cannabis, Microgreens)
- Fruits Vegetables, & Herbs
- India Vertical Farming Market, By Structure
- Singapore
- Singapore Vertical Farming Market, By Structure
- Shipping Container
- Building-based
- Singapore Vertical Farming Market, By Component
- Hardware
- Lighting
- Hydroponic components
- Climate control
- Sensors
- Software
- Services
- System Integration & Consulting
- Managed Services
- Assisted Professional Services
- Hardware
- Singapore Vertical Farming Market, By Growing Mechanism
- Hydroponics
- Aeroponics
- Aquaponics
- Singapore Vertical Farming Market, By Crop Category
- Fruits Vegetables, & Herbs
- Tomato
- Lettuce
- Bell & Chili Peppers
- Strawberry
- Cucumber
- Leafy Greens (excluding lettuce)
- Herbs
- Others
- Flowers & Ornamentals
- Perennials
- Annuals
- Ornamentals
- Others (Cannabis, Microgreens)
- Fruits Vegetables, & Herbs
- Singapore Vertical Farming Market, By Structure
- South Korea
- South Korea Vertical Farming Market, By Structure
- Shipping Container
- Building-based
- South Korea Vertical Farming Market, By Component
- Hardware
- Lighting
- Hydroponic components
- Climate control
- Sensors
- Software
- Services
- System Integration & Consulting
- Managed Services
- Assisted Professional Services
- Hardware
- South Korea Vertical Farming Market, By Growing Mechanism
- Hydroponics
- Aeroponics
- Aquaponics
- South Korea Vertical Farming Market, By Crop Category
- Fruits Vegetables, & Herbs
- Tomato
- Lettuce
- Bell & Chili Peppers
- Strawberry
- Cucumber
- Leafy Greens (excluding lettuce)
- Herbs
- Others
- Flowers & Ornamentals
- Perennials
- Annuals
- Ornamentals
- Others (Cannabis, Microgreens)
- Fruits Vegetables, & Herbs
- South Korea Vertical Farming Market, By Structure
- Asia Pacific Vertical Farming Market, By Structure
- South America
- South America Vertical Farming Market, By Structure
- Shipping Container
- Building-based
- South America Vertical Farming Market, By Component
- Hardware
- Lighting
- Hydroponic components
- Climate control
- Sensors
- Software
- Services
- System Integration & Consulting
- Managed Services
- Assisted Professional Services
- Hardware
- South America Vertical Farming Market, By Growing Mechanism
- Hydroponics
- Aeroponics
- Aquaponics
- South America Vertical Farming Market, By Crop Category
- Fruits Vegetables, & Herbs
- Tomato
- Lettuce
- Bell & Chili Peppers
- Strawberry
- Cucumber
- Leafy Greens (excluding lettuce)
- Herbs
- Others
- Flowers & Ornamentals
- Perennials
- Annuals
- Ornamentals
- Others (Cannabis, Microgreens)
- Fruits Vegetables, & Herbs
- Brazil
- Brazil Vertical Farming Market, By Structure
- Shipping Container
- Building-based
- Brazil Vertical Farming Market, By Component
- Hardware
- Lighting
- Hydroponic components
- Climate control
- Sensors
- Software
- Services
- System Integration & Consulting
- Managed Services
- Assisted Professional Services
- Hardware
- Brazil Vertical Farming Market, By Growing Mechanism
- Hydroponics
- Aeroponics
- Aquaponics
- Brazil Vertical Farming Market, By Crop Category
- Fruits Vegetables, & Herbs
- Tomato
- Lettuce
- Bell & Chili Peppers
- Strawberry
- Cucumber
- Leafy Greens (excluding lettuce)
- Herbs
- Others
- Flowers & Ornamentals
- Perennials
- Annuals
- Ornamentals
- Others (Cannabis, Microgreens)
- Fruits Vegetables, & Herbs
- Brazil Vertical Farming Market, By Structure
- South America Vertical Farming Market, By Structure
- Middle East and Africa (MEA)
- MEA Vertical Farming Market, By Structure
- Shipping Container
- Building-based
- MEA Vertical Farming Market, By Component
- Hardware
- Lighting
- Hydroponic components
- Climate control
- Sensors
- Software
- Services
- System Integration & Consulting
- Managed Services
- Assisted Professional Services
- Hardware
- MEA Vertical Farming Market, By Growing Mechanism
- Hydroponics
- Aeroponics
- Aquaponics
- MEA Vertical Farming Market, By Crop Category
- Fruits Vegetables, & Herbs
- Tomato
- Lettuce
- Bell & Chili Peppers
- Strawberry
- Cucumber
- Leafy Greens (excluding lettuce)
- Herbs
- Others
- Flowers & Ornamentals
- Perennials
- Annuals
- Ornamentals
- Others (Cannabis, Microgreens)
- Fruits Vegetables, & Herbs
- MEA Vertical Farming Market, By Structure
- North America
Vertical Farming Market Dynamics
Drivers: Growing Demand for Food Across the Globe
The progress of the vertical farming market is accounted to reasons such as steady population growth, government incentives, restricted accessibility of cultivable land, and the surging demand for good-quality and fresh food. World Health Organization (WHO) and the Population Council report that approximately 55% of the global population resides in urban cities. However, the scarcity of land in urban areas has created a need for alternative solutions to produce fresh and nutritious crops. In response to this challenge, food producers are adopting vertical farming techniques, which enable cultivating crops indoors in multiple layers, within multi-story buildings, on stacked racks, or in warehouse-like structures. This approach utilizes vertical space efficiently and enables higher crop yields in a smaller footprint than traditional farming methods. By utilizing controlled environments and advanced technologies, vertical farming offers the potential to grow a wide range of crops throughout the year, regardless of external climate conditions.
Growing Adoption of Controlled Growing Environment
Vertical farming can be used in the huge-scale production of organic crops. Regulated developing technologies such as hydroponics and aeroponics eliminate the use of chemical pesticides. The increasing adoption of controlled growing environments, including vertical farming, is driven by factors such as urbanization, resource efficiency, consumer demand for sustainable food, technological advancements, and supportive government policies. These growing environments offer the potential to produce food in urban areas, optimize resource usage, provide local and sustainable food options, leverage technology for efficiency, and contribute to food security. As the demand for food continues to rise, the adoption of controlled growing environments is expected to further increase and play a vital role in meeting the challenges of feeding a growing global population. In vertical farming, corps are grown under selected and well-regulated conditions that ensure optimal growth throughout the year. Compared to open-field agriculture, other farming practices such as vertical farm systems offer more crop rotation.
Restraint: Higher Initial Investments & Operational Cost
The high initial investment is the key factor restraining the growth of the market. Vertical farming requires warehouses for cultivation, and the high price of warehouses in an urban area compared to farmland further limits the adoption of vertical farming. In addition, the high cost of active heat systems, installing LEDs, creating a controlled environment, and high maintenance costs further restrain the market growth. The lack of funds for agriculture-related development hinders the growth of the market. Limited funding slows down the pace of research at universities and public institutions. Organizations such as AeroFarms (U.S.), Sundrop Farms (UK), and Gotham Greens (U.S.) are funding vertical farming techniques across Australia, U.S., and UK. The contribution of vertical farms to the global food system is minimal compared to conventional growing methods owing to their high production costs. However, growing technological advancements in lighting systems can minimize production costs in the coming years.
What Does This Report Include?
This section will provide insights into the contents included in this vertical farming market report and help gain clarity on the structure of the report to assist readers in navigating smoothly.
Vertical farming market qualitative analysis
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Industry overview
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Industry trends
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Market drivers and restraints
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Market size
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Growth prospects
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Porter’s analysis
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PESTEL analysis
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Key market opportunities prioritized
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Competitive landscape
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Company overview
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Financial performance
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Product benchmarking
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Latest strategic developments
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Vertical farming market quantitative analysis
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Market size, estimates, and forecast from 2018 to 2030
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Market estimates and forecast for product segments up to 2030
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Regional market size and forecast for product segments up to 2030
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Market estimates and forecast for application segments up to 2030
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Regional market size and forecast for application segments up to 2030
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Company financial performance
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