Press release
Vertical Farming Market worth $23.56 billion by 2030, growing at a CAGR of 24.67% - Exclusive Report by 360iResearch
The "Vertical Farming Market by Growth Mechanism (Aeroponics, Aquaponics, Hydroponics), Offering (Climate Control, Hydroponics Components, Lighting), Crop Type, Structure - Global Forecast 2024-2030" report has been added to 360iResearch.com's offering.The Global Vertical Farming Market to grow from USD 5.03 billion in 2023 to USD 23.56 billion by 2030, at a CAGR of 24.67%.
Request a Free Sample Report @ https://www.360iresearch.com/library/intelligence/vertical-farming?utm_source=openpr&utm_medium=referral&utm_campaign=sample
Vertical farming is an innovative agricultural practice that involves cultivating plants in vertically-stacked layers or inclined surfaces, primarily in urban areas. This method enables efficient space utilization and year-round production of fresh crops with minimal environmental impact. The market serves a wide range of end-users, including retail customers, restaurants, supermarkets, and institutions such as schools and hospitals. The vertical farming market is witnessing rapid growth due to various factors such as urbanization, sustainability, food security, and technological advancements. The integration of hydroponic and aeroponic systems with IoT allows for precise resource management in vertical farms. Furthermore, opportunities like automation technologies, farm-as-a-service (FaaS) business models, and incorporating vertical farming into urban planning can boost the industry's growth. However, certain challenges may hinder the expansion of the vertical farming market. These include high initial investments required for setting up state-of-the-art facilities; limited crop variety suitable for this type of farming; substantial energy consumption due to artificial lighting and temperature control systems; and consumer skepticism about produce quality grown through unconventional methods. To capitalize on growth opportunities and address these limitations, businesses should focus on developing cost-effective technologies that lower entry barriers; expanding research efforts to cultivate a wider variety of crops in vertical farms; exploring alternative energy sources such as solar power or biogas; and engaging in educational campaigns to inform consumers about the benefits of vertical farming practices.
The vertical farming market has experienced significant growth worldwide, driven by advancements in technology, sustainability concerns, food security issues, and government support. The United States and Canada have shown increased interest in this sector due to its harsh climate conditions that limit conventional agriculture. In Europe, countries like the Netherlands, Germany, France, and Denmark lead the way in research and investment for vertical farming. The European Union places significant emphasis on sustainable agriculture practices due to food security concerns. The Middle East faces water scarcity and arid climates that make traditional agriculture difficult; hence there is a growing interest in alternative methods such as vertical farming. Leading the charge is the United Arab Emirates with initiatives like Dubai's Sustainable City project incorporating indoor hydroponic farms. Africa's rapidly expanding population and changing climate conditions create unique challenges related to food security. However, innovative solutions such as Tanzania's ECO-Agri project demonstrate potential for vertical farming adoption across the continent. Several SouthAsian countries including China, Japan, India hold enormous potential for vertical farming given its booming population and rapid urbanization. China represents a significant market for vertical farming due to its vast population, limited arable land, and urbanization trends. Japan's limited arable land availability combined with a strong focus on food quality has made them an early adopter of vertical farming technology. Technological advancements, sustainability initiatives, food security concerns, and supportive government policies continue to drive further investment and adoption in this promising sector across the globe.
Market Segmentation & Coverage:
This research report categorizes the Vertical Farming Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Growth Mechanism, market is studied across Aeroponics, Aquaponics, and Hydroponics. The Hydroponics commanded largest market share of 69.20% in 2023, followed by Aquaponics.
Based on Offering, market is studied across Climate Control, Hydroponics Components, Lighting, and Sensors. The Climate Control is further studied across Air Purification/Control and Ventilation Fans. The Hydroponics Components is further studied across Meters & Solutions, Pumps & Irrigation, and Water Filtration. The Lighting is further studied across Light Ballasts, Light Reflectors, and Lights. The Sensors is further studied across CO2 Sensors, Crop Sensors, Nutrient Sensors, PH Sensors, and Temperature Sensors. The Climate Control commanded largest market share of 32.41% in 2023, followed by Sensors.
Based on Crop Type, market is studied across Flowers & Ornamentals and Fruit, Vegetable & Herbs. The Flowers & Ornamentals is projected to witness significant market share during forecast period.
Based on Structure, market is studied across Building-Based Vertical Farms and Shipping Container Vertical Farms. The Building-Based Vertical Farms is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 40.73% in 2023, followed by Europe, Middle East & Africa.
Inquire Before Buying @ https://www.360iresearch.com/library/intelligence/vertical-farming?utm_source=openpr&utm_medium=referral&utm_campaign=inquire
FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Vertical Farming Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Vertical Farming Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Vertical Farming Market, highlighting leading vendors and their innovative profiles. These include 4D Bios, Inc., AeroFarms, LLC, Amhydro, Bowery Farming Inc., Climate Control Systems Inc., CubicFarm Systems Corp., Dream Harvest, DryGair Energies Ltd., Eden Green Technology, Everlight Electronics Co., Ltd., Freight Farms, Inc., GP Solutions, Inc., Green Sense Farms Holdings, Inc., H2O Engineering Inc. by Newterra Inc., Heliospectra AB, Kalera PL, KE GrowAir B.V., Koninklijke Philips N.V., OSRAM Group, Plenty, Priva BV, Sananbio, Surna Cultivation Technologies, Thrive Agritech, Inc., Urban Crop Solutions, Valoya Oy, Vertical Future, and Vertical roots.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Vertical Farming Market, by Growth Mechanism
7. Vertical Farming Market, by Offering
8. Vertical Farming Market, by Crop Type
9. Vertical Farming Market, by Structure
10. Americas Vertical Farming Market
11. Asia-Pacific Vertical Farming Market
12. Europe, Middle East & Africa Vertical Farming Market
13. Competitive Landscape
14. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Vertical Farming Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Vertical Farming Market?
3. What is the competitive strategic window for opportunities in the Vertical Farming Market?
4. What are the technology trends and regulatory frameworks in the Vertical Farming Market?
5. What is the market share of the leading vendors in the Vertical Farming Market?
6. What modes and strategic moves are considered suitable for entering the Vertical Farming Market?
Read More @ https://www.360iresearch.com/library/intelligence/vertical-farming?utm_source=openpr&utm_medium=referral&utm_campaign=analyst
Contact 360iResearch
Mr. Ketan Rohom
Sales & Marketing,
Office No. 519, Nyati Empress,
Opposite Phoenix Market City,
Vimannagar, Pune, Maharashtra,
India - 411014.
sales@360iresearch.com
+1-530-264-8485
+91-922-607-7550
About 360iResearch
360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.
We are a dynamic, nimble company that believes in carving ambitious, purposeful goals and achieving them with the backing of our greatest asset - our people.
Quick on our feet, we have our ear to the ground when it comes to market intelligence and volatility. Our market intelligence is diligent, real-time and tailored to your needs, and arms you with all the insight that empowers strategic decision-making.
Our clientele encompasses about 80% of the Fortune Global 500, and leading consulting and research companies and academic institutions that rely on our expertise in compiling data in niche markets. Our meta-insights are intelligent, impactful and infinite, and translate into actionable data that support your quest for enhanced profitability, tapping into niche markets, and exploring new revenue opportunities.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Vertical Farming Market worth $23.56 billion by 2030, growing at a CAGR of 24.67% - Exclusive Report by 360iResearch here
News-ID: 3407408 • Views: …
More Releases from 360iResearch

Rising Incidence of Human Metapneumovirus in Vulnerable Populations Boosts Globa …
In recent years, the silent ascent of human metapneumovirus (HMPV) infections has begun to capture significant attention within the realm of infectious diseases. As we advance in medical science, unraveling complexities of age-old pathogens like common influenza or emerging illnesses like COVID-19, a critical discourse has been emerging around HMPV. Particularly, there seems to be a burgeoning acknowledgment of its growing impact on vulnerable global populations, propelling an increased demand…

The Meat Alternatives Market size was estimated at USD 9.39 billion in 2023 and …
From Appetite to Advocacy: The Rising Demand for Meat Alternatives
In recent years, the global food industry has been undergoing a remarkable transformation, driven primarily by an increasing consumer demand for healthier, sustainable, and ethically sourced food products. This seismic shift has brought traditional meat alternatives and high-protein plant-based foods into the spotlight. As the world becomes more conscious of the implications of meat consumption on health and the environment, the…

The Mobility-as-a-Service Market size was estimated at USD 264.80 billion in 202 …
Unpacking the Surge in Investments and Collaborations to Bolster Mobility-as-a-Service
In recent years, as urban landscapes continually evolve, a transformative shift known as Mobility-as-a-Service (MaaS) has reshaped the way we perceive transportation. Marked by the integration of various forms of transport services into a single accessible on-demand mobility solution, MaaS is rapidly gaining traction across global cities. As an emerging paradigm, it's not just shaping the future of travel but also…

The Data Center Services Market size was estimated at USD 56.65 billion in 2023 …
Smart City Revolutions: Why Data Center Colocation is the Future Backbone
In the era of digital transformation, urban landscapes across the globe are undergoing a seismic shift toward becoming "smart cities." The concept of a smart city revolves around using digital technology, IoT (Internet of Things), AI, and data analytics at an unprecedented scale to improve urban infrastructure, manage resources efficiently, and enhance the quality of life for citizens. A vital…
More Releases for Vertical
Vertical Farming Market Report 2024 - Vertical Farming Market Demand, Innovation …
"The Business Research Company recently released a comprehensive report on the Global Vertical Farming Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample…
Vertical Lift Module Market Report 2024 - Vertical Lift Module Market Growth, Si …
"The Business Research Company recently released a comprehensive report on the Global Vertical Lift Module Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.
According to The Business Research Company's, The vertical lift module…
Vertical Clean Steam Generators Market Vertical Designs Revolutionizing Clean St …
Global Vertical Clean Steam Generators Market Overview:
The Vertical Clean Steam Generators market is a broad category that includes a wide range of products and services related to various industries. This market comprises companies that operate in areas such as consumer goods, technology, healthcare, and finance, among others.
In recent years, the Vertical Clean Steam Generators market has experienced significant growth, driven by factors such as increasing consumer demand, technological advancements, and…
Vertical Application Software Market To See Huge Growth and Size by 2028, Applic …
The Latest "Vertical Application Software Market" report provides a valuable set of very comprehensive and detailed information on the global Vertical Application Software market. This data helps both existing industrial manufacturers and emerging competitors to gain their market knowledge. The Vertical Application Software market also studied the revenue share, SWOT analysis, development status, capacity, and forecast details. The main objective of this report is to help the user understand the…
Demand of Vertical Farming Crops Market| Vertical farming refers to a type of in …
An informative data report titled Vertical Farming Crops Market was published by the insight partner. It takes a closer look at the different aspects of the businesses, that are responsible for fuelling the growth of the companies. The research report also provides deep insights into the global market revenue, parent market trends, macro-economic indicators, and governing factors, along with market attractiveness per market segment.
Due to the increased focus on health…
VERTICAL FARMING BUSINESS
Farming in urban areas has become quite difficult due to the rising population, limited space, a fast pace of living, etc. which are driving the new technologies for cultivating the agricultural produce. Vertical Farming is one of the modern and advanced technologies which helps in growing more food in smaller spaces, offering an opportunity for growing fruits and vegetables in a controlled environment in metropolitan areas.
Vertically grown crops require minimum…