Product Code: GVR-1-68038-797-1
Vertical Farming Market Growth & Trends:
The global vertical farming market size is anticipated to reach USD 24.95 billion by 2030, according to a new report by Grand View Research, Inc. The market is projected to grow at a CAGR of 20.9% from 2025 to 2030. Increased use of Internet of Things (IoT) sensors for producing crops is likely to spur market demand over the forecast period. Information obtained from the sensors is stored on the cloud and analyzed to perform the required actions. The growing automation in agriculture and increasing use of big data and predictive analytics for maximizing yields are also likely to drive the market.
Vertical farming is effective in ensuring stability in crop production and maintaining reliability even in adverse climatic conditions. It provides multiple benefits over the traditional farming technique, such as less use of water, the lesser need for agrochemicals, and low dependence on agricultural labor. Vertical farming makes use of metal reflectors and artificial lighting to maximize natural sunlight.
Genetically modified organisms and the environmental and health effects of pesticides and other non-natural substances that are used for increasing agricultural production have encouraged consumers to adopt organic foods. According to the Organic Trade Association, the U.S. organic industry sales increased by around 5% in 2019 owing to the increased investment in infrastructure and education. As per the Organic Foods Production Act of 1990, the handlers and growers of organic products need to comply with the regulations.
Artificial lighting helps in extending the hours of natural daylight, which further increases the health, growth rate, and yield of the plants. Artificial lighting such as high-pressure sodium lighting and LED lighting can extend the availability of crops (throughout a season). LED lighting systems produce a dual-band color spectrum and generate low heat. They are anticipated to witness significant growth over the forecast period.
A hydroponic system is a method of growing plants without soil. A hydroponic system eliminates the need for pesticides and artificial ripening agents and helps in producing nutritionally-rich vegetables. However, factors such as high initial investment and fewer crop varieties are likely to restrain the market growth.
Vertical Farming Market Report Highlights:
- The escalating production of biopharmaceutical products is anticipated to drive the market
- The shipping container segment accounted for the largest market share in 2024. Shipping container-based farming uses less water than traditional farming with drip irrigation. Shipping containers can be easily stacked, modified, recycled, and refurbished at a lower cost. Additionally, the excess availability of unused shipping containers across the region will likely influence segment growth over the forecast period
- The hardware segment accounted the largest market share in 2024. The hardware plays a significant role in maintaining the environment of the indoor farms. The segment is further categorized into climate control systems, lighting systems, sensors, and irrigation systems, which enables the cultivation of indoor-grown crops
- The fruits vegetables, & herbs segment is also expected to have considerable growth over the forecast period. The increasing cultivation of commonly grown fruits and vegetables in greenhouses is driving the segment growth. Crops grown in vertical farming provide maximum profit to companies involved in their cultivation
- Based on offering, the climate control segment is expected to witness high growth over the forecast period as the growth of crops can be controlled by monitoring and adjusting the concentrations of minerals
- By growing mechanism, the aeroponics segment is expected to observe considerable growth over the forecast period as the aeroponics facilitate fast growth in plants (under normal conditions)
- The North American regional market is expected to witness significant growth over the forecast period owing to the expansion of small-scale, commercial vertical farms
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation and Scope
- 1.2. Market Definitions
- 1.3. Research Methodology
- 1.3.1. Information Procurement
- 1.3.2. Information or Data Analysis
- 1.3.3. Market Formulation & Data Visualization
- 1.3.4. Data Validation & Publishing
- 1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.3. Competitive Insights
Chapter 3. Vertical Farming Variables, Trends, & Scope
- 3.1. Market Introduction/Lineage Outlook
- 3.2. Industry Value Chain Analysis
- 3.3. Market Dynamics
- 3.3.1. Market Drivers Analysis
- 3.3.2. Market Restraints Analysis
- 3.3.3. Industry Opportunities
- 3.4. Vertical Farming Analysis Tools
- 3.4.1. Porter's Analysis
- 3.4.1.1. Bargaining power of the suppliers
- 3.4.1.2. Bargaining power of the buyers
- 3.4.1.3. Threats of substitution
- 3.4.1.4. Threats from new entrants
- 3.4.1.5. Competitive rivalry
- 3.4.2. PESTEL Analysis
- 3.4.2.1. Political landscape
- 3.4.2.2. Economic and Social landscape
- 3.4.2.3. Technological landscape
- 3.4.2.4. Environmental landscape
- 3.4.2.5. Legal landscape
Chapter 4. Vertical Farming: Component Estimates & Trend Analysis
- 4.1. Vertical farming Market, By Component Analysis & Market Share, 2024 & 2030
- 4.2. Hardware
- 4.2.1. Hardware market estimates and forecasts, 2018 - 2030 (USD Million)
- 4.2.1.1. Lighting
- 4.2.1.1.1. Lighting market estimates and forecasts, 2018 - 2030 (USD Million)
- 4.2.1.2. Hydroponic Components
- 4.2.1.2.1. Hydroponic components market estimates and forecasts, 2018 - 2030 (USD Million)
- 4.2.1.3. Climate Control
- 4.2.1.3.1. Climate control market estimates and forecasts, 2018 - 2030 (USD Million)
- 4.2.1.4. Others
- 4.2.1.4.1. Others market estimates and forecasts, 2018 - 2030 (USD Million)
- 4.3. Software
- 4.3.1. Software market estimates and forecasts, 2018 - 2030 (USD Million)
- 4.4. Services
- 4.4.1. Services market estimates and forecasts, 2018 - 2030 (USD Million)
- 4.4.1.1. System Integration & Consulting
- 4.4.1.1.1. System integration & consulting market estimates and forecasts, 2018 - 2030 (USD Million)
- 4.4.1.2. Managed Services
- 4.4.1.2.1. Managed services market estimates and forecasts, 2018 - 2030 (USD Million)
- 4.4.1.3. Assisted Professional Services
- 4.4.1.3.1. Assisted professional services market estimates and forecasts, 2018 - 2030 (USD Million))
Chapter 5. Vertical Farming: Growing Mechanism Estimates & Trend Analysis
- 5.1. Vertical farming Market, By Growing Mechanism Analysis & Market Share, 2024 & 2030
- 5.2. Aeroponics
- 5.2.1. Aeroponics market estimates and forecasts, 2018 - 2030 (USD Million)
- 5.3. Hydroponics
- 5.3.1. Hydroponics market estimates and forecasts, 2018 - 2030 (USD Million)
- 5.4. Aquaponics
- 5.4.1. Aquaponics market estimates and forecasts, 2018 - 2030 (USD Million)
Chapter 6. Vertical Farming: Crop Category Estimates & Trend Analysis
- 6.1. Vertical farming Market, By Crop Category Analysis & Market Share, 2024 & 2030
- 6.2. Fruits Vegetables, & Herbs
- 6.2.1. Fruits vegetables, & herbs market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.2.1.1. Tomato
- 6.2.1.1.1. Tomato market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.2.1.2. Lettuce
- 6.2.1.2.1. Lettuce market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.2.1.3. Bell & Chili Peppers
- 6.2.1.3.1. Bell & chili peppers market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.2.1.4. Strawberry
- 6.2.1.4.1. Strawberry market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.2.1.5. Cucumber
- 6.2.1.5.1. Cucumber market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.2.1.6. Leafy Greens
- 6.2.1.6.1. Leafy greens market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.2.1.7. Herbs
- 6.2.1.7.1. Herbs market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.2.1.8. Others
- 6.2.1.8.1. Others market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.3. Flowers & Ornamentals
- 6.3.1. Flowers & ornamentals market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.3.1.1. Perennials
- 6.3.1.1.1. Perennials market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.3.1.2. Annuals
- 6.3.1.2.1. Annuals market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.3.1.3. Ornamentals
- 6.3.1.3.1. Ornamentals market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.4. Others
- 6.4.1. Others market estimates and forecasts, 2018 - 2030 (USD Million)
Chapter 7. Vertical Farming: Structure Estimates & Trend Analysis
- 7.1. Vertical farming Market, By Structure Analysis & Market Share, 2024 & 2030
- 7.2. Shipping Container
- 7.2.1. Shipping container market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.3. Building Based
- 7.3.1. Building Based market estimates and forecasts, 2018 - 2030 (USD Million)
Chapter 8. Vertical Farming Market: Regional Estimates & Trend Analysis
- 8.1. Vertical Farming Market Share, By Region, 2024 & 2030 (USD Million)
- 8.2. North America
- 8.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 8.2.2. Market estimates and forecast by product, 2018 - 2030 (Revenue, USD Million)
- 8.2.3. Market estimates and forecast by growing mechanism, 2018 - 2030 (Revenue, USD Million)
- 8.2.4. Market estimates and forecast by crop category, 2018 - 2030 (Revenue, USD Million)
- 8.2.5. Market estimates and forecast by structure, 2018 - 2030 (Revenue, USD Million)
- 8.2.6. U.S.
- 8.2.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 8.2.6.2. Market estimates and forecast by product, 2018 - 2030 (Revenue, USD Million)
- 8.2.6.3. Market estimates and forecast by growing mechanism, 2018 - 2030 (Revenue, USD Million)
- 8.2.6.4. Market estimates and forecast by crop category, 2018 - 2030 (Revenue, USD Million)
- 8.2.6.5. Market estimates and forecast by structure, 2018 - 2030 (Revenue, USD Million)
- 8.2.7. Canada
- 8.2.7.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 8.2.7.2. Market estimates and forecast by product, 2018 - 2030 (Revenue, USD Million)
- 8.2.7.3. Market estimates and forecast by growing mechanism, 2018 - 2030 (Revenue, USD Million)
- 8.2.7.4. Market estimates and forecast by crop category, 2018 - 2030 (Revenue, USD Million)
- 8.2.7.5. Market estimates and forecast by structure, 2018 - 2030 (Revenue, USD Million)
- 8.2.8. Mexico
- 8.2.8.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 8.2.8.2. Market estimates and forecast by product, 2018 - 2030 (Revenue, USD Million)
- 8.2.8.3. Market estimates and forecast by growing mechanism, 2018 - 2030 (Revenue, USD Million)
- 8.2.8.4. Market estimates and forecast by crop category, 2018 - 2030 (Revenue, USD Million)
- 8.2.8.5. Market estimates and forecast by structure, 2018 - 2030 (Revenue, USD Million)
- 8.3. Europe
- 8.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 8.3.2. Market estimates and forecast by product, 2018 - 2030 (Revenue, USD Million)
- 8.3.3. Market estimates and forecast by growing mechanism, 2018 - 2030 (Revenue, USD Million)
- 8.3.4. Market estimates and forecast by crop category, 2018 - 2030 (Revenue, USD Million)
- 8.3.5. Market estimates and forecast by structure, 2018 - 2030 (Revenue, USD Million)
- 8.3.6. UK
- 8.3.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 8.3.6.2. Market estimates and forecast by product, 2018 - 2030 (Revenue, USD Million)
- 8.3.6.3. Market estimates and forecast by growing mechanism, 2018 - 2030 (Revenue, USD Million)
- 8.3.6.4. Market estimates and forecast by crop category, 2018 - 2030 (Revenue, USD Million)
- 8.3.6.5. Market estimates and forecast by structure, 2018 - 2030 (Revenue, USD Million)
- 8.3.7. Germany
- 8.3.7.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 8.3.7.2. Market estimates and forecast by product, 2018 - 2030 (Revenue, USD Million)
- 8.3.7.3. Market estimates and forecast by growing mechanism, 2018 - 2030 (Revenue, USD Million)
- 8.3.7.4. Market estimates and forecast by crop category, 2018 - 2030 (Revenue, USD Million)
- 8.3.7.5. Market estimates and forecast by structure, 2018 - 2030 (Revenue, USD Million)
- 8.3.8. France
- 8.3.8.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 8.3.8.2. Market estimates and forecast by product, 2018 - 2030 (Revenue, USD Million)
- 8.3.8.3. Market estimates and forecast by growing mechanism, 2018 - 2030 (Revenue, USD Million)
- 8.3.8.4. Market estimates and forecast by crop category, 2018 - 2030 (Revenue, USD Million)
- 8.3.8.5. Market estimates and forecast by structure, 2018 - 2030 (Revenue, USD Million)
- 8.3.9. Italy
- 8.3.9.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 8.3.9.2. Market estimates and forecast by product, 2018 - 2030 (Revenue, USD Million)
- 8.3.9.3. Market estimates and forecast by growing mechanism, 2018 - 2030 (Revenue, USD Million)
- 8.3.9.4. Market estimates and forecast by crop category, 2018 - 2030 (Revenue, USD Million)
- 8.3.9.5. Market estimates and forecast by structure, 2018 - 2030 (Revenue, USD Million)
- 8.3.10. Spain
- 8.3.10.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 8.3.10.2. Market estimates and forecast by product, 2018 - 2030 (Revenue, USD Million)
- 8.3.10.3. Market estimates and forecast by growing mechanism, 2018 - 2030 (Revenue, USD Million)
- 8.3.10.4. Market estimates and forecast by crop category, 2018 - 2030 (Revenue, USD Million)
- 8.3.10.5. Market estimates and forecast by structure, 2018 - 2030 (Revenue, USD Million)
- 8.4. Asia Pacific
- 8.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 8.4.2. Market estimates and forecast by product, 2018 - 2030 (Revenue, USD Million)
- 8.4.3. Market estimates and forecast by growing mechanism, 2018 - 2030 (Revenue, USD Million)
- 8.4.4. Market estimates and forecast by crop category, 2018 - 2030 (Revenue, USD Million)
- 8.4.5. Market estimates and forecast by structure, 2018 - 2030 (Revenue, USD Million)
- 8.4.6. China
- 8.4.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 8.4.6.2. Market estimates and forecast by product, 2018 - 2030 (Revenue, USD Million)
- 8.4.6.3. Market estimates and forecast by growing mechanism, 2018 - 2030 (Revenue, USD Million)
- 8.4.6.4. Market estimates and forecast by crop category, 2018 - 2030 (Revenue, USD Million)
- 8.4.6.5. Market estimates and forecast by structure, 2018 - 2030 (Revenue, USD Million)
- 8.4.7. India
- 8.4.7.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 8.4.7.2. Market estimates and forecast by product, 2018 - 2030 (Revenue, USD Million)
- 8.4.7.3. Market estimates and forecast by growing mechanism, 2018 - 2030 (Revenue, USD Million)
- 8.4.7.4. Market estimates and forecast by crop category, 2018 - 2030 (Revenue, USD Million)
- 8.4.7.5. Market estimates and forecast by structure, 2018 - 2030 (Revenue, USD Million)
- 8.4.8. Japan
- 8.4.8.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 8.4.8.2. Market estimates and forecast by product, 2018 - 2030 (Revenue, USD Million)
- 8.4.8.3. Market estimates and forecast by growing mechanism, 2018 - 2030 (Revenue, USD Million)
- 8.4.8.4. Market estimates and forecast by crop category, 2018 - 2030 (Revenue, USD Million)
- 8.4.8.5. Market estimates and forecast by structure, 2018 - 2030 (Revenue, USD Million)
- 8.4.9. Singapore
- 8.4.9.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 8.4.9.2. Market estimates and forecast by product, 2018 - 2030 (Revenue, USD Million)
- 8.4.9.3. Market estimates and forecast by growing mechanism, 2018 - 2030 (Revenue, USD Million)
- 8.4.9.4. Market estimates and forecast by crop category, 2018 - 2030 (Revenue, USD Million)
- 8.4.9.5. Market estimates and forecast by structure, 2018 - 2030 (Revenue, USD Million)
- 8.4.10. South Korea
- 8.4.10.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 8.4.10.2. Market estimates and forecast by product, 2018 - 2030 (Revenue, USD Million)
- 8.4.10.3. Market estimates and forecast by growing mechanism, 2018 - 2030 (Revenue, USD Million)
- 8.4.10.4. Market estimates and forecast by crop category, 2018 - 2030 (Revenue, USD Million)
- 8.4.10.5. Market estimates and forecast by structure, 2018 - 2030 (Revenue, USD Million)
- 8.5. Latin America
- 8.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 8.5.2. Market estimates and forecast by product, 2018 - 2030 (Revenue, USD Million)
- 8.5.3. Market estimates and forecast by growing mechanism, 2018 - 2030 (Revenue, USD Million)
- 8.5.4. Market estimates and forecast by crop category, 2018 - 2030 (Revenue, USD Million)
- 8.5.5. Market estimates and forecast by structure, 2018 - 2030 (Revenue, USD Million)
- 8.5.6. Brazil
- 8.5.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 8.5.6.2. Market estimates and forecast by product, 2018 - 2030 (Revenue, USD Million)
- 8.5.6.3. Market estimates and forecast by growing mechanism, 2018 - 2030 (Revenue, USD Million)
- 8.5.6.4. Market estimates and forecast by crop category, 2018 - 2030 (Revenue, USD Million)
- 8.5.6.5. Market estimates and forecast by structure, 2018 - 2030 (Revenue, USD Million)
- 8.6. Middle East & Africa
- 8.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 8.6.2. Market estimates and forecast by product, 2018 - 2030 (Revenue, USD Million)
- 8.6.3. Market estimates and forecast by growing mechanism, 2018 - 2030 (Revenue, USD Million)
- 8.6.4. Market estimates and forecast by crop category, 2018 - 2030 (Revenue, USD Million)
- 8.6.5. Market estimates and forecast by structure, 2018 - 2030 (Revenue, USD Million)
- 8.6.6. UAE
- 8.6.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 8.6.6.2. Market estimates and forecast by product, 2018 - 2030 (Revenue, USD Million)
- 8.6.6.3. Market estimates and forecast by growing mechanism, 2018 - 2030 (Revenue, USD Million)
- 8.6.6.4. Market estimates and forecast by crop category, 2018 - 2030 (Revenue, USD Million)
- 8.6.6.5. Market estimates and forecast by structure, 2018 - 2030 (Revenue, USD Million)
- 8.6.7. Saudi Arabia
- 8.6.7.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 8.6.7.2. Market estimates and forecast by product, 2018 - 2030 (Revenue, USD Million)
- 8.6.7.3. Market estimates and forecast by growing mechanism, 2018 - 2030 (Revenue, USD Million)
- 8.6.7.4. Market estimates and forecast by crop category, 2018 - 2030 (Revenue, USD Million)
- 8.6.7.5. Market estimates and forecast by structure, 2018 - 2030 (Revenue, USD Million)
- 8.6.8. South Africa
- 8.6.8.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 8.6.8.2. Market estimates and forecast by product, 2018 - 2030 (Revenue, USD Million)
- 8.6.8.3. Market estimates and forecast by growing mechanism, 2018 - 2030 (Revenue, USD Million)
- 8.6.8.4. Market estimates and forecast by crop category, 2018 - 2030 (Revenue, USD Million)
- 8.6.8.5. Market estimates and forecast by structure, 2018 - 2030 (Revenue, USD Million)
Chapter 9. Competitive Landscape
- 9.1. Recent Developments & Impact Analysis by Key Market Participants
- 9.2. Company Categorization
- 9.3. Company Market Share Analysis
- 9.4. Company Heat Map Analysis
- 9.5. Strategy Mapping
- 9.5.1. Expansion
- 9.5.2. Mergers & Acquisition
- 9.5.3. Partnerships & Collaborations
- 9.5.4. New Component Launches
- 9.5.5. Research And Development
- 9.6. Company Profiles
- 9.6.1. AeroFarms
- 9.6.1.1. Participant's Overview
- 9.6.1.2. Financial Performance
- 9.6.1.3. Component Benchmarking
- 9.6.1.4. Recent Developments
- 9.6.2. Illumitex, Inc.
- 9.6.2.1. Participant's Overview
- 9.6.2.2. Financial Performance
- 9.6.2.3. Component Benchmarking
- 9.6.2.4. Recent Developments
- 9.6.3. American Hydroponics
- 9.6.3.1. Participant's Overview
- 9.6.3.2. Financial Performance
- 9.6.3.3. Component Benchmarking
- 9.6.3.4. Recent Developments
- 9.6.4. Brightfarms Inc.
- 9.6.4.1. Participant's Overview
- 9.6.4.2. Financial Performance
- 9.6.4.3. Component Benchmarking
- 9.6.4.4. Recent Developments
- 9.6.5. Everlight Electronics Co., Ltd.
- 9.6.5.1. Participant's Overview
- 9.6.5.2. Financial Performance
- 9.6.5.3. Component Benchmarking
- 9.6.5.4. Recent Developments
- 9.6.6. Freight Farms
- 9.6.6.1. Participant's Overview
- 9.6.6.2. Financial Performance
- 9.6.6.3. Component Benchmarking
- 9.6.6.4. Recent Developments
- 9.6.7. GrowUp Urban Farms Ltd.
- 9.6.7.1. Participant's Overview
- 9.6.7.2. Financial Performance
- 9.6.7.3. Component Benchmarking
- 9.6.7.4. Recent Developments
- 9.6.8. Green Sense Farms, LLC
- 9.6.8.1. Participant's Overview
- 9.6.8.2. Financial Performance
- 9.6.8.3. Component Benchmarking
- 9.6.8.4. Recent Developments
- 9.6.9. Vertical Farm Systems
- 9.6.9.1. Participant's Overview
- 9.6.9.2. Financial Performance
- 9.6.9.3. Component Benchmarking
- 9.6.9.4. Recent Developments
- 9.6.10. Agrilution GmbH
- 9.6.10.1. Participant's Overview
- 9.6.10.2. Financial Performance
- 9.6.10.3. Component Benchmarking
- 9.6.10.4. Recent Developments