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Vertical Farming Market

Vertical Farming Market Trend, Opportunity, and Forecast Analysis, 2024-2032

Vertical Farming Market is segmented by Growth Type, Structure, Crop Type, Offerings, and by Region. KDMI analyst foresees market revenue to cross USD 17.4 Billion by 2032 by growing with a CAGR of 25.1% during 2024-2032.

Vertical Farming Market Highlights

The global vertical farming market is expected to cross a value of USD 17.4 billion by the end of 2032. The market was valued at USD 5.5 billion in 2023 and is expected to expand at a CAGR of 25.1% between 2024-2032.yt

Over the mid-term, the rising concern for the decreasing availability of land for agricultural use is the primary factor anticipated to drive the global vertical farming market.
The high initial investment of vertical farming is a major factor to challenge the market growth.
The North America vertical farming market is projected to dominate the global market.

Vertical Farming Market: Report Scope
Base Year	2023
Base Year Market Size	USD 5.5 Billion
Forecast Year	2024-2032
Forecast Year Market Size	USD 17.4 Billion
CAGR Value	25.1%
Vertical Farming Market Key Trends/Major Growth Drivers	Growing Awareness for Sustainability and Resource Efficiency Surge in Advancements in Vertical Farming Methods Rising Concern for the Decreasing Availability of Land for Agricultural Use
Restraint Factors	High Initial Investment of Vertical Farming Growing Concern for Increasing Energy Costs
Vertical Farming Market Segmentation	By Growth Type By Structure By Crop Type By Offerings By Geography
Vertical Farming Market Key Players	AeroFarms, Plenty Unlimited Inc., Gotham Greens, Bowery Farming, BrightFarms, Vertical Harvest, Infarm, 80 Acres Farms, Urban Crop Solutions, Sky Greens, Jones Food Company, Farm.One, and others.

Vertical Farming Market Outlook

Vertical farming is a method of growing crops indoors in stacked layers or vertical structures, often in controlled environments such as warehouses, shipping containers, or high-rise buildings. Unlike traditional horizontal farming, which relies on outdoor fields and soil, vertical farming utilizes hydroponic, aeroponic, or aquaponic systems to cultivate crops without soil, using nutrient-rich water solutions or misting systems instead.

According to our researchers at KD Market Insights, one of the primary factors associated with the growth of the global vertical farming market is the rising concern for the decreasing availability of land for agricultural use. As urban populations continue to grow worldwide, which according to the World Bank is expected to grow by 1.5 times to reach 6 billion by 2045, there is an increasing pressure on available land for traditional agriculture. Vertical farming offers a solution by utilizing vertical space in urban areas, including vacant buildings, warehouses, and skyscrapers, to grow crops indoors. In addition to this, the rise in demand for locally grown, fresh produce in urban setting is also expected to contribute to he market growth in the coming years. AeroFarms, Plenty Unlimited Inc., and Gotham Greens are some of the significant parties in the global market for vertical farming.

Vertical Farming Market Graph

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Vertical Farming Market Drivers – Analyst’s Observation

According to the analysts at KD Market Insights, some key growth drivers for the global vertical farming market are:

Growing Awareness for Sustainability and Resource Efficiency: With recent advancements in agricultural technologies, modern day agricultural methods, such as hydroponic crop farming systems, aeroponic, aquaponic systems, or other controlled environment agricultural practices, are inherently more resource-efficient than conventional farming methods. Utilization of these methods significantly reduces water consumption, minimizes pesticide use, and optimizes nutrient delivery to plants. Hence, the sustainability benefits of vertical farming, such as reduced carbon footprint and conservation of natural resources, appeal to environmentally conscious consumers and policymakers, which is expected to contribute to the growth of the market in the coming years. As per our researchers, green vertical farming is known to emit near to 69% less carbon dioxide when compared to open field agricultural practices.
Surge in Advancements in Vertical Farming Methods: The agricultural industry has been witnessing massive reforms in the recent era, taking the benefits of Industry 5.0 initiatives, including automation and controlled environment agriculture (CEA) practices. Innovations in LED lighting, climate control systems, robotics, and data analytics enable vertical farms to optimize plant growth conditions, improve crop yields, and reduce operational costs. The integration of smart sensors and IoT technologies further enhances efficiency and productivity in vertical farming operations. Such advancements in the agricultural industry are therefore expected to drive the demand for vertical farming methods, and in turn, contribute to the market growth.

Which Probable Factors Could Hamper the Growing Vertical Farming Market Trend?

As per our KD Market Insights analysis, some of the challenges expected to limit the global market growth of vertical farming are:

High Initial Investment of Vertical Farming: Vertical farming requires significant upfront investment in infrastructure, technology, and equipment such as climate control systems, LED lighting, and hydroponic/aeroponic setups. The initial capital expenditure, hence, becomes a barrier to entry for new players, which may deter its widespread adoption, particularly among the small-scale farmers or startups.
Growing Concern for Increasing Energy Costs: The operation of indoor vertical farms relies heavily on artificial lighting, heating, and ventilation systems to maintain optimal growing conditions. These energy-intensive processes contribute to high operational costs, including electricity bills, which can be a significant barrier to profitability, especially in regions with expensive energy tariffs.

How is the Global Vertical Farming Market Segmented?

Our experts at KD Market Insights have segmented the global vertical farming market as:

By Growth Type	Hydroponics Aeroponics Aquaponics
By Structure	Building-based Vertical Farm Shipping Container-based Vertical Farm
By Crop Type	Lettuce Pepper Kale Herbs Brocolli Cucumber Spinach Tomato Strawberry Others
By Offerings	Hardware Lighting Hydroponic Components Climate Control Sensors Software Services
By Region	North America U.S. Canada Europe U.K. Germany France Italy Spain Russia Rest of Europe Asia-Pacific Japan China India Indonesia Malaysia Australia Rest of Asia-Pacific Latin America Mexico Argentina Rest of Latin America Middle East and Africa

What are the Probable Factors Influencing the North America Vertical Farming Market Forecast?

The North America vertical farming market is majorly driven by rapid urbanization in the region, along with the increasing consumer preferences for sustainable agricultural practices. According to the World Bank, urban population as a share of total population in North America reached 83% in 2022, up from 79% in 2000. Vertical farming offers a solution by enabling year-round cultivation of crops in close proximity to consumers, reducing the need for long-distance transportation and addressing the challenges of limited agricultural land in urban areas. On the other hand, the consumers in the region are increasingly seeking sustainably produced food options that are free from pesticides, herbicides, and genetic modification. Vertical farming meets this demand by offering an environmentally friendly alternative to traditional agriculture, with reduced water usage, minimal pesticide use, and efficient resource utilization. Such factors are therefore expected to drive the demand for vertical farming in North America.

As per our analysts at KD Market Insights, the following five players lead the North America vertical farming market growth:

Sky Urban Solutions
UrbanKisaan
VertiVegies
Alesca Life Technologies
Sustenir Agriculture

Key Countries to Watch for in North America Vertical Farming Market	Key Insights
United States Vertical Farming Market to Register the Largest Regional Market Share in 2032	USD 4.8 Billion
Canada Vertical Farming Market to Grow with the Highest CAGR During 2024-2032	25.7%

Which Key Players Top the Global Vertical Farming Market Share?

As per our analysts at KD Market Insights, the competitive landscape of global vertical farming market facilitates our readers in identifying their closest competitors. The manufacturers who are associated with vertical farming market are raising their focus on expanding their presence, as well as their market share. The market has also been witnessing an upward movement in the number of collaborations between research institutions and key players, aimed at introducing advanced technologies and innovation of new products. Here is a list of the key players who top the global vertical farming market share:

AeroFarms
Plenty Unlimited Inc.
Gotham Greens
Bowery Farming
BrightFarms
Vertical Harvest
Infarm
80 Acres Farms
Urban Crop Solutions
Sky Greens
Jones Food Company
Farm.One

What are the Recent Developments Observed in the Vertical Farming Market?

Over the years, the experts at KD Market Insights have been observing the recent developments associated with global vertical farming market trends. Our expert’s market forecast analysis has recorded the market players adopting plentiful of key strategies including new product launches, mergers & acquisitions, and collaborations.

For instance, Realty Income recently stated that it has partnered with Plenty Unlimited Inc, for constructing a farming space with an investment of USD 1 billion. This space would later be leased to Plenty Unlimited.

Further, AeroFarms shared that it has entered into a partnership with Nokia Bell Labs for identifying and tracking plant interactions at the most advanced levels.

Research Methodology
Market Definition and List of Abbreviations
1. Executive Summary
2. Growth Drivers & Issues in Global Vertical Farming Market
3. Global Vertical Farming Market Trends
4. Opportunities in Global Vertical Farming Market
5. Recent Industry Activities, 2019
6. Porter's Five Forces Analysis
7. Market Value Chain and Supply Chain Analysis
8. Products Average Price Analysis, By Country
9. Global Vertical Farming Market Size & Forecast (USD Million), (2019-2025)

10. Global Vertical Farming Market Segmentation Analysis, By Growing System
10.1. Introduction
10.2. Market Attractiveness, By Growing System
10.3. BPS Analysis, By Growing System
10.4. Hydroponics Market Size & Forecast (USD Million), 2019-2025
10.5. Aeroponics Market Size & Forecast (USD Million), 2019-2025
10.6. Aquaponics Market Size & Forecast (USD Million), 2019-2025
10.7. Others Growing System Market Size & Forecast (USD Million), 2019-2025

11. Global Vertical Farming Market Segmentation Analysis, By Equipment & 0fferings
11.1. Introduction
11.2. Market Attractiveness, By Equipment & 0fferings
11.3. BPS Analysis, By Equipment & 0fferings
11.4. Lighting Market Size & Forecast (USD Million), 2019-2025
11.5. Climate Control Market Size & Forecast (USD Million), 2019-2025
11.6. Sensors Market Size & Forecast (USD Million), 2019-2025
11.7. Growing Supplies Market Size & Forecast (USD Million), 2019-2025
11.8. Hydroponics Components Market Size & Forecast (USD Million), 2019-2025
11.8.1. Pumps and Irrigation System Market Size & Forecast (USD Million), 2019-2025
11.8.2. Water Filtration System Market Size & Forecast (USD Million), 2019-2025
11.8.3. Others Market Size & Forecast (USD Million), 2019-2025
11.9. Aquaponics Components Market Size & Forecast (USD Million), 2019-2025
11.9.1. Rearing Tank Market Size & Forecast (USD Million), 2019-2025
11.9.2. Settling Basin Market Size & Forecast (USD Million), 2019-2025
11.9.3. Filtration unit Market Size & Forecast (USD Million), 2019-2025
11.10. Others Market Size & Forecast (USD Million), 2019-2025

12. Global Vertical Farming Market Segmentation Analysis, By Farm Products
12.1. Introduction
12.2. Market Attractiveness, By Farm Products
12.3. BPS Analysis, By Farm Products
12.4. Leafy Greens Market Size & Forecast (USD Million), 2019-2025
12.5. Herbs Market Size & Forecast (USD Million), 2019-2025
12.6. Microgreens Market Size & Forecast (USD Million), 2019-2025
12.7. Herbs Market Size & Forecast (USD Million), 2019-2025
12.8. Tomatoes Market Size & Forecast (USD Million), 2019-2025
12.9. Medical Cannabis Market Size & Forecast (USD Million), 2019-2025
12.10. Cucumber Market Size & Forecast (USD Million), 2019-2025
12.11. Strawberry Market Size & Forecast (USD Million), 2019-2025
12.12. Peppers Market Size & Forecast (USD Million), 2019-2025
12.13. Onion Market Size & Forecast (USD Million), 2019-2025
12.14. Fish Market Size & Forecast (USD Million), 2019-2025
12.15. Flowers Market Size & Forecast (USD Million), 2019-2025
12.16. Others Market Size & Forecast (USD Million), 2019-2025

13. Global Vertical Farming Market Segmentation Analysis, By Application
13.1. Introduction
13.2. Market Attractiveness, By Application
13.3. BPS Analysis, By Application
13.4. Commercial Market Size & Forecast (USD Million), 2019-2025
13.5. Home Food Production Market Size & Forecast (USD Million), 2019-2025
13.6. Others Market Size & Forecast (USD Million), 2019-2025

14. Geographical Analysis
14.1. Introduction
14.2. North America Market Size & Forecast (USD Million), 2019-2025
14.2.1. By Growing System
14.2.1.1. Introduction
14.2.1.2. Market Attractiveness, By Growing System
14.2.1.3. BPS Analysis, By Growing System
14.2.1.4. Hydroponics Market Size & Forecast (USD Million), 2019-2025
14.2.1.5. Aeroponics Market Size & Forecast (USD Million), 2019-2025
14.2.1.6. Aquaponics Market Size & Forecast (USD Million), 2019-2025
14.2.1.7. Others Growing System Market Size & Forecast (USD Million), 2019-2025
14.2.2. By Equipment & 0fferings
14.2.2.1. Introduction
14.2.2.2. Market Attractiveness, By Equipment & 0fferings
14.2.2.3. BPS Analysis, By Equipment & 0fferings
14.2.2.4. Lighting Market Size & Forecast (USD Million), 2019-2025
14.2.2.5. Climate Control Market Size & Forecast (USD Million), 2019-2025
14.2.2.6. Sensors Market Size & Forecast (USD Million), 2019-2025
14.2.2.7. Growing Supplies Market Size & Forecast (USD Million), 2019-2025
14.2.2.8. Hydroponics Components Market Size & Forecast (USD Million), 2019-2025
14.2.2.8.1. Pumps and Irrigation System Market Size & Forecast (USD Million), 2019-2025
14.2.2.8.2. Water Filtration System Market Size & Forecast (USD Million), 2019-2025
14.2.2.8.3. Others Market Size & Forecast (USD Million), 2019-2025
14.2.2.9. Aquaponics Components Market Size & Forecast (USD Million), 2019-2025
14.2.2.9.1. Rearing Tank Market Size & Forecast (USD Million), 2019-2025
14.2.2.9.2. Settling Basin Market Size & Forecast (USD Million), 2019-2025
14.2.2.9.3. Filtration unit Market Size & Forecast (USD Million), 2019-2025
14.2.2.10. Others Market Size & Forecast (USD Million), 2019-2025
14.2.3. By Farm Products
14.2.3.1. Introduction
14.2.3.2. Market Attractiveness, By Farm Products
14.2.3.3. BPS Analysis, By Farm Products
14.2.3.4. Leafy Greens Market Size & Forecast (USD Million), 2019-2025
14.2.3.5. Herbs Market Size & Forecast (USD Million), 2019-2025
14.2.3.6. Microgreens Market Size & Forecast (USD Million), 2019-2025
14.2.3.7. Herbs Market Size & Forecast (USD Million), 2019-2025
14.2.3.8. Tomatoes Market Size & Forecast (USD Million), 2019-2025
14.2.3.9. Medical Cannabis Market Size & Forecast (USD Million), 2019-2025
14.2.3.10. Cucumber Market Size & Forecast (USD Million), 2019-2025
14.2.3.11. Strawberry Market Size & Forecast (USD Million), 2019-2025
14.2.3.12. Peppers Market Size & Forecast (USD Million), 2019-2025
14.2.3.13. Onion Market Size & Forecast (USD Million), 2019-2025
14.2.3.14. Fish Market Size & Forecast (USD Million), 2019-2025
14.2.3.15. Flowers Market Size & Forecast (USD Million), 2019-2025
14.2.3.16. Others Market Size & Forecast (USD Million), 2019-2025
14.2.4. By Application
14.2.4.1. Introduction
14.2.4.2. Market Attractiveness, By Application
14.2.4.3. BPS Analysis, By Application
14.2.4.4. Commercial Market Size & Forecast (USD Million), 2019-2025
14.2.4.5. Home Food Production Market Size & Forecast (USD Million), 2019-2025
14.2.4.6. Others Market Size & Forecast (USD Million), 2019-2025
14.2.5. By Country
14.2.5.1. Market Attractiveness, By Country
14.2.5.2. BPS Analysis, By Country
14.2.5.3. U.S. Market Size & Forecast (USD Million), 2019-2025
14.2.5.4. Canada Market Size & Forecast (USD Million), 2019-2025
14.3. Europe Market Size & Forecast (USD Million), 2019-2025
14.3.1. By Growing System
14.3.1.1. Introduction
14.3.1.2. Market Attractiveness, By Growing System
14.3.1.3. BPS Analysis, By Growing System
14.3.1.4. Hydroponics Market Size & Forecast (USD Million), 2019-2025
14.3.1.5. Aeroponics Market Size & Forecast (USD Million), 2019-2025
14.3.1.6. Aquaponics Market Size & Forecast (USD Million), 2019-2025
14.3.1.7. Others Growing System Market Size & Forecast (USD Million), 2019-2025
14.3.2. By Equipment & 0fferings
14.3.2.1. Introduction
14.3.2.2. Market Attractiveness, By Equipment & 0fferings
14.3.2.3. BPS Analysis, By Equipment & 0fferings
14.3.2.4. Lighting Market Size & Forecast (USD Million), 2019-2025
14.3.2.5. Climate Control Market Size & Forecast (USD Million), 2019-2025
14.3.2.6. Sensors Market Size & Forecast (USD Million), 2019-2025
14.3.2.7. Growing Supplies Market Size & Forecast (USD Million), 2019-2025
14.3.2.8. Hydroponics Components Market Size & Forecast (USD Million), 2019-2025
14.3.2.8.1. Pumps and Irrigation System Market Size & Forecast (USD Million), 2019-2025
14.3.2.8.2. Water Filtration System Market Size & Forecast (USD Million), 2019-2025
14.3.2.8.3. Others Market Size & Forecast (USD Million), 2019-2025
14.3.2.9. Aquaponics Components Market Size & Forecast (USD Million), 2019-2025
14.3.2.9.1. Rearing Tank Market Size & Forecast (USD Million), 2019-2025
14.3.2.9.2. Settling Basin Market Size & Forecast (USD Million), 2019-2025
14.3.2.9.3. Filtration unit Market Size & Forecast (USD Million), 2019-2025
14.3.2.10. Others Market Size & Forecast (USD Million), 2019-2025
14.3.3. By Farm Products
14.3.3.1. Introduction
14.3.3.2. Market Attractiveness, By Farm Products
14.3.3.3. BPS Analysis, By Farm Products
14.3.3.4. Leafy Greens Market Size & Forecast (USD Million), 2019-2025
14.3.3.5. Herbs Market Size & Forecast (USD Million), 2019-2025
14.3.3.6. Microgreens Market Size & Forecast (USD Million), 2019-2025
14.3.3.7. Herbs Market Size & Forecast (USD Million), 2019-2025
14.3.3.8. Tomatoes Market Size & Forecast (USD Million), 2019-2025
14.3.3.9. Medical Cannabis Market Size & Forecast (USD Million), 2019-2025
14.3.3.10. Cucumber Market Size & Forecast (USD Million), 2019-2025
14.3.3.11. Strawberry Market Size & Forecast (USD Million), 2019-2025
14.3.3.12. Peppers Market Size & Forecast (USD Million), 2019-2025
14.3.3.13. Onion Market Size & Forecast (USD Million), 2019-2025
14.3.3.14. Fish Market Size & Forecast (USD Million), 2019-2025
14.3.3.15. Flowers Market Size & Forecast (USD Million), 2019-2025
14.3.3.16. Others Market Size & Forecast (USD Million), 2019-2025
14.3.4. By Application
14.3.4.1. Introduction
14.3.4.2. Market Attractiveness, By Application
14.3.4.3. BPS Analysis, By Application
14.3.4.4. Commercial Market Size & Forecast (USD Million), 2019-2025
14.3.4.5. Home Food Production Market Size & Forecast (USD Million), 2019-2025
14.3.4.6. Others Market Size & Forecast (USD Million), 2019-2025
14.3.5. By Country
14.3.5.1. Market Attractiveness, By Country
14.3.5.2. BPS Analysis, By Country
14.3.5.3. Germany Market Size & Forecast (USD Million), 2019-2025
14.3.5.4. United Kingdom Market Size & Forecast (USD Million), 2019-2025
14.3.5.5. France Market Size & Forecast (USD Million), 2019-2025
14.3.5.6. Italy Market Size & Forecast (USD Million), 2019-2025
14.3.5.7. Spain Market Size & Forecast (USD Million), 2019-2025
14.3.5.8. Russia Market Size & Forecast (USD Million), 2019-2025
14.3.5.9. Rest of Europe Market Size & Forecast (USD Million), 2019-2025

14.4. Asia Pacific Market Size & Forecast (USD Million), 2019-2025
14.4.1. By Growing System
14.4.1.1. Introduction
14.4.1.2. Market Attractiveness, By Growing System
14.4.1.3. BPS Analysis, By Growing System
14.4.1.4. Hydroponics Market Size & Forecast (USD Million), 2019-2025
14.4.1.5. Aeroponics Market Size & Forecast (USD Million), 2019-2025
14.4.1.6. Aquaponics Market Size & Forecast (USD Million), 2019-2025
14.4.1.7. Others Growing System Market Size & Forecast (USD Million), 2019-2025
14.4.2. By Equipment & 0fferings
14.4.2.1. Introduction
14.4.2.2. Market Attractiveness, By Equipment & 0fferings
14.4.2.3. BPS Analysis, By Equipment & 0fferings
14.4.2.4. Lighting Market Size & Forecast (USD Million), 2019-2025
14.4.2.5. Climate Control Market Size & Forecast (USD Million), 2019-2025
14.4.2.6. Sensors Market Size & Forecast (USD Million), 2019-2025
14.4.2.7. Growing Supplies Market Size & Forecast (USD Million), 2019-2025
14.4.2.8. Hydroponics Components Market Size & Forecast (USD Million), 2019-2025
14.4.2.8.1. Pumps and Irrigation System Market Size & Forecast (USD Million), 2019-2025
14.4.2.8.2. Water Filtration System Market Size & Forecast (USD Million), 2019-2025
14.4.2.8.3. Others Market Size & Forecast (USD Million), 2019-2025
14.4.2.9. Aquaponics Components Market Size & Forecast (USD Million), 2019-2025
14.4.2.9.1. Rearing Tank Market Size & Forecast (USD Million), 2019-2025
14.4.2.9.2. Settling Basin Market Size & Forecast (USD Million), 2019-2025
14.4.2.9.3. Filtration unit Market Size & Forecast (USD Million), 2019-2025
14.4.2.10. Others Market Size & Forecast (USD Million), 2019-2025
14.4.3. By Farm Products
14.4.3.1. Introduction
14.4.3.2. Market Attractiveness, By Farm Products
14.4.3.3. BPS Analysis, By Farm Products
14.4.3.4. Leafy Greens Market Size & Forecast (USD Million), 2019-2025
14.4.3.5. Herbs Market Size & Forecast (USD Million), 2019-2025
14.4.3.6. Microgreens Market Size & Forecast (USD Million), 2019-2025
14.4.3.7. Herbs Market Size & Forecast (USD Million), 2019-2025
14.4.3.8. Tomatoes Market Size & Forecast (USD Million), 2019-2025
14.4.3.9. Medical Cannabis Market Size & Forecast (USD Million), 2019-2025
14.4.3.10. Cucumber Market Size & Forecast (USD Million), 2019-2025
14.4.3.11. Strawberry Market Size & Forecast (USD Million), 2019-2025
14.4.3.12. Peppers Market Size & Forecast (USD Million), 2019-2025
14.4.3.13. Onion Market Size & Forecast (USD Million), 2019-2025
14.4.3.14. Fish Market Size & Forecast (USD Million), 2019-2025
14.4.3.15. Flowers Market Size & Forecast (USD Million), 2019-2025
14.4.3.16. Others Market Size & Forecast (USD Million), 2019-2025
14.4.4. By Application
14.4.4.1. Introduction
14.4.4.2. Market Attractiveness, By Application
14.4.4.3. BPS Analysis, By Application
14.4.4.4. Commercial Market Size & Forecast (USD Million), 2019-2025
14.4.4.5. Home Food Production Market Size & Forecast (USD Million), 2019-2025
14.4.4.6. Others Market Size & Forecast (USD Million), 2019-2025
14.4.5. By Country
14.4.5.1. Market Attractiveness, By Country
14.4.5.2. BPS Analysis, By Country
14.4.5.3. China Market Size & Forecast (USD Million), 2019-2025
14.4.5.4. India Market Size & Forecast (USD Million), 2019-2025
14.4.5.5. Japan Market Size & Forecast (USD Million), 2019-2025
14.4.5.6. South Korea Market Size & Forecast (USD Million), 2019-2025
14.4.5.7. Indonesia Market Size & Forecast (USD Million), 2019-2025
14.4.5.8. Taiwan Market Size & Forecast (USD Million), 2019-2025
14.4.5.9. Australia Market Size & Forecast (USD Million), 2019-2025
14.4.5.10. New Zealand Market Size & Forecast (USD Million), 2019-2025
14.4.5.11. Rest of Asia Pacific Market Size & Forecast (USD Million), 2019-2025

14.5. Latin America Market Size & Forecast (USD Million), 2019-2025
14.5.1. By Growing System
14.5.1.1. Introduction
14.5.1.2. Market Attractiveness, By Growing System
14.5.1.3. BPS Analysis, By Growing System
14.5.1.4. Hydroponics Market Size & Forecast (USD Million), 2019-2025
14.5.1.5. Aeroponics Market Size & Forecast (USD Million), 2019-2025
14.5.1.6. Aquaponics Market Size & Forecast (USD Million), 2019-2025
14.5.1.7. Others Growing System Market Size & Forecast (USD Million), 2019-2025
14.5.2. By Equipment & 0fferings
14.5.2.1. Introduction
14.5.2.2. Market Attractiveness, By Equipment & 0fferings
14.5.2.3. BPS Analysis, By Equipment & 0fferings
14.5.2.4. Lighting Market Size & Forecast (USD Million), 2019-2025
14.5.2.5. Climate Control Market Size & Forecast (USD Million), 2019-2025
14.5.2.6. Sensors Market Size & Forecast (USD Million), 2019-2025
14.5.2.7. Growing Supplies Market Size & Forecast (USD Million), 2019-2025
14.5.2.8. Hydroponics Components Market Size & Forecast (USD Million), 2019-2025
14.5.2.8.1. Pumps and Irrigation System Market Size & Forecast (USD Million), 2019-2025
14.5.2.8.2. Water Filtration System Market Size & Forecast (USD Million), 2019-2025
14.5.2.8.3. Others Market Size & Forecast (USD Million), 2019-2025
14.5.2.9. Aquaponics Components Market Size & Forecast (USD Million), 2019-2025
14.5.2.9.1. Rearing Tank Market Size & Forecast (USD Million), 2019-2025
14.5.2.9.2. Settling Basin Market Size & Forecast (USD Million), 2019-2025
14.5.2.9.3. Filtration unit Market Size & Forecast (USD Million), 2019-2025
14.5.2.10. Others Market Size & Forecast (USD Million), 2019-2025
14.5.3. By Farm Products
14.5.3.1. Introduction
14.5.3.2. Market Attractiveness, By Farm Products
14.5.3.3. BPS Analysis, By Farm Products
14.5.3.4. Leafy Greens Market Size & Forecast (USD Million), 2019-2025
14.5.3.5. Herbs Market Size & Forecast (USD Million), 2019-2025
14.5.3.6. Microgreens Market Size & Forecast (USD Million), 2019-2025
14.5.3.7. Herbs Market Size & Forecast (USD Million), 2019-2025
14.5.3.8. Tomatoes Market Size & Forecast (USD Million), 2019-2025
14.5.3.9. Medical Cannabis Market Size & Forecast (USD Million), 2019-2025
14.5.3.10. Cucumber Market Size & Forecast (USD Million), 2019-2025
14.5.3.11. Strawberry Market Size & Forecast (USD Million), 2019-2025
14.5.3.12. Peppers Market Size & Forecast (USD Million), 2019-2025
14.5.3.13. Onion Market Size & Forecast (USD Million), 2019-2025
14.5.3.14. Fish Market Size & Forecast (USD Million), 2019-2025
14.5.3.15. Flowers Market Size & Forecast (USD Million), 2019-2025
14.5.3.16. Others Market Size & Forecast (USD Million), 2019-2025
14.5.4. By Application
14.5.4.1. Introduction
14.5.4.2. Market Attractiveness, By Application
14.5.4.3. BPS Analysis, By Application
14.5.4.4. Commercial Market Size & Forecast (USD Million), 2019-2025
14.5.4.5. Home Food Production Market Size & Forecast (USD Million), 2019-2025
14.5.4.6. Others Market Size & Forecast (USD Million), 2019-2025
14.5.5. By Country
14.5.5.1. Market Attractiveness, By Country
14.5.5.2. BPS Analysis, By Country
14.5.5.3. Brazil Market Size & Forecast (USD Million), 2019-2025
14.5.5.4. Mexico Market Size & Forecast (USD Million), 2019-2025
14.5.5.5. Rest of Latin America Market Size & Forecast (USD Million), 2019-2025

14.6. Middle East & Africa Market Size & Forecast (USD Million), 2019-2025
14.6.1. By Growing System
14.6.1.1. Introduction
14.6.1.2. Market Attractiveness, By Growing System
14.6.1.3. BPS Analysis, By Growing System
14.6.1.4. Hydroponics Market Size & Forecast (USD Million), 2019-2025
14.6.1.5. Aeroponics Market Size & Forecast (USD Million), 2019-2025
14.6.1.6. Aquaponics Market Size & Forecast (USD Million), 2019-2025
14.6.1.7. Others Growing System Market Size & Forecast (USD Million), 2019-2025
14.6.2. By Equipment & 0fferings
14.6.2.1. Introduction
14.6.2.2. Market Attractiveness, By Equipment & 0fferings
14.6.2.3. BPS Analysis, By Equipment & 0fferings
14.6.2.4. Lighting Market Size & Forecast (USD Million), 2019-2025
14.6.2.5. Climate Control Market Size & Forecast (USD Million), 2019-2025
14.6.2.6. Sensors Market Size & Forecast (USD Million), 2019-2025
14.6.2.7. Growing Supplies Market Size & Forecast (USD Million), 2019-2025
14.6.2.8. Hydroponics Components Market Size & Forecast (USD Million), 2019-2025
14.6.2.8.1. Pumps and Irrigation System Market Size & Forecast (USD Million), 2019-2025
14.6.2.8.2. Water Filtration System Market Size & Forecast (USD Million), 2019-2025
14.6.2.8.3. Others Market Size & Forecast (USD Million), 2019-2025
14.6.2.9. Aquaponics Components Market Size & Forecast (USD Million), 2019-2025
14.6.2.9.1. Rearing Tank Market Size & Forecast (USD Million), 2019-2025
14.6.2.9.2. Settling Basin Market Size & Forecast (USD Million), 2019-2025
14.6.2.9.3. Filtration unit Market Size & Forecast (USD Million), 2019-2025
14.6.2.10. Others Market Size & Forecast (USD Million), 2019-2025
14.6.3. By Farm Products
14.6.3.1. Introduction
14.6.3.2. Market Attractiveness, By Farm Products
14.6.3.3. BPS Analysis, By Farm Products
14.6.3.4. Leafy Greens Market Size & Forecast (USD Million), 2019-2025
14.6.3.5. Herbs Market Size & Forecast (USD Million), 2019-2025
14.6.3.6. Microgreens Market Size & Forecast (USD Million), 2019-2025
14.6.3.7. Herbs Market Size & Forecast (USD Million), 2019-2025
14.6.3.8. Tomatoes Market Size & Forecast (USD Million), 2019-2025
14.6.3.9. Medical Cannabis Market Size & Forecast (USD Million), 2019-2025
14.6.3.10. Cucumber Market Size & Forecast (USD Million), 2019-2025
14.6.3.11. Strawberry Market Size & Forecast (USD Million), 2019-2025
14.6.3.12. Peppers Market Size & Forecast (USD Million), 2019-2025
14.6.3.13. Onion Market Size & Forecast (USD Million), 2019-2025
14.6.3.14. Fish Market Size & Forecast (USD Million), 2019-2025
14.6.3.15. Flowers Market Size & Forecast (USD Million), 2019-2025
14.6.3.16. Others Market Size & Forecast (USD Million), 2019-2025
14.6.4. By Application
14.6.4.1. Introduction
14.6.4.2. Market Attractiveness, By Application
14.6.4.3. BPS Analysis, By Application
14.6.4.4. Commercial Market Size & Forecast (USD Million), 2019-2025
14.6.4.5. Home Food Production Market Size & Forecast (USD Million), 2019-2025
14.6.4.6. Others Market Size & Forecast (USD Million), 2019-2025
14.6.5. By Geography
14.6.5.1. Market Attractiveness, By Geography
14.6.5.2. BPS Analysis, By Geography
14.6.5.3. GCC Market Size & Forecast (USD Million), 2019-2025
14.6.5.4. North Africa Market Size & Forecast (USD Million), 2019-2025
14.6.5.5. South Africa Market Size & Forecast (USD Million), 2019-2025
14.6.5.6. Rest of Middle East & Africa Market Size & Forecast (USD Million), 2019-2025

15. Competitive Landscape
15.1. Market Share of Key Players
15.2. Market Positioning of Major Players in Global Vertical Farming Market
15.3. Company Profiles
15.3.1. Pentair Plc
15.3.2. Nelson and Pade Inc.
15.3.3. Aerofarms
15.3.4. AmHydro
15.3.5. Green Life Aquaponics
15.3.6. American Hydroponics
15.3.7. Green Sense Farms, LLC
15.3.8. Aerofarms LLC
15.3.9. Gotham Greens LLC
15.3.10. Green Sense Farms LLC
15.3.11. Other Major & Niche Players

*(includes company’s business and performance such as financial information, revenue breakup by segment and by geography, SWOT Analysis, risk analysis, key facts, company overview, business strategy, key product offerings, marketing and distribution strategies, new product development, recent news & acquisition, expansion, technology development, research & development expansion and other market activities.)

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Publication date: 5th April 2024
Base year: 2022
Forecast year: 2023-2033
Format: PDF, PPT,Word,Excel

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Frequently Asked Questions(FAQ)

The global vertical farming market is expected to cross a value of USD 17.4 billion by the end of 2032.

The global vertical farming market was valued at USD 5.5 billion in 2023.

Over the mid-term, the rising concern for the decreasing availability of land for agricultural use is the primary factor anticipated to drive the global vertical farming market.

The global vertical farming market is segmented by growth type, structure, crop type, offerings, and by geography.

The North America vertical farming market is projected to dominate the global market in 2032.

Some of the key players in the vertical farming market include AeroFarms, Plenty Unlimited Inc., Gotham Greens, Bowery Farming, BrightFarms, and Vertical Harvest among others.