Vertical Farming Crops Market Historical Analysis, Current Market Scenario and the Potential of the Market till 2028

The vertical farming crops market was valued at US$ 282.80 million in 2021 and is projected to reach US$ 1,057.75 million by 2028. It is expected to grow at a CAGR of 20.7% from 2021 to 2028.

Vertical Farming Crops Market are grown in vertically stacked containers or trays containing nutrient media. Vertical farming is gaining traction with rising urbanization and the growing uptake of modern agricultural practices that give better yield. In vertical farming, crops are grown under a controlled environment in soil-less mediums. Hydroponics, aquaponics, and aeroponics are some of the key vertical farming techniques.

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Major key players covered in this Vertical Farming Crops Market report:

• AeroFarms
• Agricool
• Bowery Farming Inc.
• CropOne
• Infarm
• Plantlab
• Plenty Unlimited Inc.
• Gotham Greens
• MIRAI Co., Ltd.
• BrightFarms

Based on the region, the vertical farming crops market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America. Europe held the largest share in the market in 2020, and Asia Pacific is expected to grow at a faster CAGR over the forecast period. The factors propelling the growth of the Asia Pacific vertical farming crops market include the rising urbanization, improving lifestyles of people, rising per capita income, and government initiatives for the uptake of modern agricultural techniques. Moreover, the growing popularity of vertical farming across countries, such as Japan, India, and China, is also driving the region's growth. For instance, Japan has over 200 small-scale lettuce vertical farming factories utilizing artificial light, and the number of such factor factories is expected to double by 2025.

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Vertical Farming Crops Market Segmentation:

By Crop Type:
• Tomato
• Leafy Greens
• Herbs
• Others

By End-Use:
• Food Retail
• Food Service

By Farming Technique:
• Hydroponics
• Aeroponics
• Aquaponics

Vertical Farming Crops Market Research Report Scenario includes:

• The report provides qualitative and quantitative trends of the global Vertical Farming Crops Market.
• The report provides qualitative and quantitative trends of the global Vertical Farming Crops Market segmented by deployment, component, solution, application, and geography.
• The report starts with the key takeaways, highlighting the key trends and outlook of the global Vertical Farming Crops Market.
• Chapter 3 provides the research methodology of the study.
• Chapter 4 provides a brief overview of the Benefits Vertical Farming Crops Market landscape. It further provides the segmentation of the market with PEST analysis on global scenarios along with ecosystem analysis and expert opinions.
• Chapter 5 highlights the Benefits Vertical Farming Crops Market trends and outlook and the prevailing factors that are driving the market, as well as are deterrents to market growth, along with their impact analysis.
• Chapter 6 discusses the market revenue and forecast, in the global Vertical Farming Crops Market.
• Chapter 7, 8, and 9 discuss the market segmented by deployment, application, and geography across the regions.
• Chapter 10 provides the impact of COVID 19 across the regions and respective countries.

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The size of the overall global vertical farming crops market has been derived using primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain more analytical insights into the topic. The participants typically involved in this process include industry experts, such as VPs, business development managers, market intelligence managers, national sales managers, external consultants, valuation experts, research analysts, and key opinion leaders, specializing in the vertical farming crops market.

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