Vertical Farming Market Growth & Analysis | Industry Size, Share, Trends To 2025

Vertical farming is a non-traditional way of growing crops, which neglects the effects of climate, produce high yield, use minimum pesticides, consumes less amount of water, and requires less area for farming. The demand for vertical farming is expected to grow in the future due to factors such as a rise in the popularity of organic food, a decrease in arable food, an increase in urban population. However, vertical farming requires a high initial investment and advanced technologies.

Growing an adequate amount of healthy food in traditional farming is a big challenge. Protecting crops from bad weather, rapid urbanization and industrialization, and lack of cultivable farming land are big problems for traditional farming.

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Based on the mechanism type, the hydroponics segment is expected to grow during the forecast period. A hydroponic is a method of growing plants without soil. It eliminates the need for pesticides and artificial ripening agents, which helps in producing nutritionally-rich vegetables. This factor is driving the market. Moreover, increasing demand for reducing the carbon footprint of traditional agricultural practices is also driving the global vertical farming market.

Key Factors Impacting Market Growth:

-Rising demand for high-quality food without herbicides and pesticides
-Independent farming techniques with less impact of climate conditions
-Limited space for growing vegetables and fruits

Market Segmentation: 

By Crop Type:
• Spinach
• Cucumbers
• Tomatoes
• Strawberries
• Pomegranates
• Lettuce
• Peppers
• Broccoli
• Others
 By Mechanism Type:
• Aeroponics
• Aquaponics
• Hydroponics
By Structure Type:
• Building-based
• Shipping Container
By Offering Type:
• Hardware
• Software
• Service

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By Region:
• North America
◦ By Country (US, Canada, Mexico)
◦ By Crop Type
◦ Mechanism Type
◦ Structure Type
◦ Offering Type
• Western Europe
◦ By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
◦ By Crop Type
◦ Mechanism Type
◦ Structure Type
◦ Offering Type
• Eastern Europe
◦ By Country (Russia, Turkey, Rest of Eastern Europe)
◦ By Crop Type
◦ Mechanism Type
◦ Structure Type
◦ Offering Type
• Asia Pacific
◦ By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
◦ By Crop Type
◦ Mechanism Type
◦ Structure Type
◦ Offering Type

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• Middle East
◦ By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
◦ By Crop Type
◦ Mechanism Type
◦ Structure Type
◦ Offering Type
• Rest of the World
◦ By Region (South America, Africa)
◦ By Crop Type
◦ Mechanism Type
◦ Structure Type
◦ Offering Type

Companies Covered: Koninklijke Philips N.V., Sky Greens Pte. Ltd, AeroFarms LLC, Everlight Electronics Co. Ltd, Illumitex Inc, Hort Americas, Agrilution GmbH, Urban Crop Solutions Inc., American Hydroponics Systems Inc., and Vertical Farm Systems

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Quince Market Insights is a global market research and consulting company publishing syndicate studies as well as consulting assignments about market opportunities that promise high growth in the future. The company also provides information on different research practices such as competitive analysis, product mapping, value chain analysis, etc., assisting clients in strategic decision-making.

This release was published on openPR.