Vertical Farming Market Expected to Grow at 25.7% CAGR from 2024 to 2030

𝐕𝐞𝐫𝐭𝐢𝐜𝐚𝐥 𝐅𝐚𝐫𝐦𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 𝐆𝐫𝐨𝐰𝐭𝐡 𝐨𝐫 𝐃𝐞𝐦𝐚𝐧𝐝 𝐈𝐧𝐜𝐫𝐞𝐚𝐬𝐞 𝐨𝐫 𝐃𝐞𝐜𝐫𝐞𝐚𝐬𝐞 𝐟𝐨𝐫 𝐰𝐡𝐚𝐭 𝐜𝐨𝐧𝐭𝐚𝐢𝐧𝐬 :

The Vertical Farming Market is experiencing an increase in growth and demand due to several key factors. The rising need for sustainable agriculture practices and efficient food production methods in urban areas is driving the adoption of vertical farming technologies. This method offers a solution to challenges such as limited arable land, water scarcity, and the environmental impact of traditional farming. Vertical farming also benefits from advancements in technology, including hydroponics, aeroponics, and advanced climate control systems, which enhance productivity and resource efficiency. Additionally, growing consumer awareness of food security and the demand for locally sourced, fresh produce contribute to the market's expansion, making vertical farming a compelling solution for modern agriculture.

𝐕𝐞𝐫𝐭𝐢𝐜𝐚𝐥 𝐅𝐚𝐫𝐦𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 𝐂𝐀𝐆𝐑 𝐄𝐬𝐭𝐢𝐦𝐚𝐭𝐢𝐨𝐧:

The Vertical Farming Market size was valued at US 5.07 Bn in 2023 and market revenue is growing at a CAGR of 25.7 % from 2023 to 2030, reaching nearly USD 25.14 Bn by 2030.

𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐚𝐝𝐝𝐢𝐭𝐢𝐨𝐧𝐚𝐥 𝐝𝐞𝐭𝐚𝐢𝐥𝐬 𝐛𝐲 𝐜𝐥𝐢𝐜𝐤𝐢𝐧𝐠 𝐭𝐡𝐞 𝐥𝐢𝐧𝐤 𝐩𝐫𝐨𝐯𝐢𝐝𝐞𝐝:https://www.maximizemarketresearch.com/request-sample/15221/

𝐕𝐞𝐫𝐭𝐢𝐜𝐚𝐥 𝐅𝐚𝐫𝐦𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:

𝐛𝐲 𝐆𝐫𝐨𝐰𝐭𝐡 𝐌𝐞𝐜𝐡𝐚𝐧𝐢𝐬𝐦

Hydroponic
Aeroponic
Aquaponic

In 2023, the vertical farming market's growth mechanism was dominated by the hydroponics category. Due to a number of variables, the hydroponics market has become a dominant force in the vertical farming industry, propelling its expansion. With its unparalleled efficiency, hydroponics grows plants without the use of soil, instead feeding the roots directly with mineral solutions. This approach not only maximizes the use of available space but also guarantees the best distribution of resources, which results in higher yields compared to traditional farming methods. Second, hydroponic systems are very accessible to a wide range of producers, from hobbyists to commercial cultivators, due to their inherent simplicity and user-friendliness.

𝐛𝐲 𝐒𝐭𝐫𝐮𝐜𝐭𝐮𝐫𝐞

Building based structure
Container based structure

In 2023, the vertical farming market's structural segment was dominated by the container-based segment. This increase is explained by the containers' capacity to enable agricultural production wherever they are. One major benefit of container farming is that it is space-efficient and mobile, so newcomers may get started without requiring large amounts of land or special facilities. Because used containers are easily found for less money, increasing competition has contributed to a drop in shipping container prices while also fostering market expansion. Notwithstanding these benefits, there are still issues to be resolved, such as reduced relative productivity and possible conflicts with heat, light, and layout control. However, the market for shipping containers is expected to rise due to advances in technology and a rise in the use of precision agricultural methods.

𝐛𝐲 𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧

Indoor
Outdoor

𝐕𝐞𝐫𝐭𝐢𝐜𝐚𝐥 𝐅𝐚𝐫𝐦𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰:

The Vertical Farming Market represents a transformative approach to agriculture, utilizing vertically stacked layers and advanced technologies to grow crops in controlled environments. This method addresses key challenges such as limited arable land, water scarcity, and the environmental impact of traditional farming. By leveraging hydroponics, aeroponics, and LED lighting, vertical farming enhances resource efficiency and crop yields while reducing transportation costs and the carbon footprint. The market is driven by increasing urbanization, the need for sustainable food production, and technological innovations that improve productivity and scalability. As urban areas expand and demand for fresh, locally grown produce rises, vertical farming is positioned as a viable solution for meeting future food needs while promoting environmental sustainability.

𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐚𝐝𝐝𝐢𝐭𝐢𝐨𝐧𝐚𝐥 𝐝𝐞𝐭𝐚𝐢𝐥𝐬 𝐛𝐲 𝐜𝐥𝐢𝐜𝐤𝐢𝐧𝐠 𝐭𝐡𝐞 𝐥𝐢𝐧𝐤 𝐩𝐫𝐨𝐯𝐢𝐝𝐞𝐝:https://www.maximizemarketresearch.com/request-sample/15221/

𝐕𝐞𝐫𝐭𝐢𝐜𝐚𝐥 𝐅𝐚𝐫𝐦𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 𝐆𝐫𝐨𝐰𝐭𝐡 𝐨𝐫 𝐃𝐞𝐦𝐚𝐧𝐝 𝐢𝐧 𝐰𝐡𝐢𝐜𝐡 𝐫𝐞𝐠𝐢𝐨𝐧𝐬??

The Vertical Farming Market is witnessing notable growth across several key regions. North America leads the market, driven by significant investment in advanced farming technologies and a strong emphasis on sustainable agriculture. Europe also shows considerable growth, with increasing urbanization and government support for innovative farming solutions contributing to market expansion. The Asia-Pacific region is experiencing rapid growth due to rising population density, urbanization, and a growing need for food security. Additionally, markets in the Middle East and Latin America are emerging as promising areas for vertical farming, supported by efforts to address water scarcity and enhance local food production. Overall, the demand for vertical farming solutions is increasing globally, with each region contributing to the market's growth in response to local challenges and opportunities.

𝐕𝐞𝐫𝐭𝐢𝐜𝐚𝐥 𝐅𝐚𝐫𝐦𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐜𝐨𝐩𝐞 𝐚𝐧𝐝 𝐌𝐞𝐭𝐡𝐨𝐝𝐨𝐥𝐨𝐠𝐲:

The scope of the Vertical Farming Market includes various technologies and methods used for growing crops in vertically stacked layers or structures. This encompasses hydroponics, aeroponics, and aquaponics systems, as well as different types of vertical farming setups such as indoor farms, rooftop gardens, and shipping container farms. The analysis covers market segments by type of technology, application (such as leafy greens, herbs, and other crops), and geographic regions.

The methodology involves a combination of primary and secondary research. Primary research includes interviews with industry experts, stakeholders, and key players in the vertical farming sector, as well as surveys to gather insights on market trends, technological advancements, and consumer preferences. Secondary research includes the review of industry reports, market studies, and academic publications to provide a comprehensive understanding of market dynamics, growth drivers, and competitive landscape. This approach ensures a detailed and accurate assessment of the vertical farming industry's current state and future potential.

𝐅𝐨𝐫 𝐚 𝐝𝐞𝐞𝐩𝐞𝐫 𝐮𝐧𝐝𝐞𝐫𝐬𝐭𝐚𝐧𝐝𝐢𝐧𝐠, 𝐜𝐥𝐢𝐜𝐤 𝐨𝐧 𝐭𝐡𝐞 𝐥𝐢𝐧𝐤:https://www.maximizemarketresearch.com/request-sample/15221/

𝐕𝐞𝐫𝐭𝐢𝐜𝐚𝐥 𝐅𝐚𝐫𝐦𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:

𝐍𝐨𝐫𝐭𝐡 𝐀𝐦𝐞𝐫𝐢𝐜𝐚
1. AeroFarms (United States)
2. Plenty (United States)
3. Bowery Farming (United States)
4. BrightFarms (United States)
5. Gotham Greens (United States)
6. Lufa Farms (Canada)
7. Farm.One (United States)
8. Local Roots Farms (United States)
9. Green Sense Farms (United States)
10. Vertical Harvest (United States)
11. Freight Farms (United States)
12. Crop One Holdings (United States)
13. Fifth Season (United States)
14. AppHarvest (United States)
15. FarmBox Foods (United States)
16. Modular Farms (Canada)
17. Urban Grow Inc. (United States)

𝐄𝐮𝐫𝐨𝐩𝐞
1. Infarm (Germany)
2. Urban Crop Solutions (Belgium)
3. Jones Food Company (United Kingdom)
4. iFarm (Finland)
5. PlantLab (Netherlands)
6. Evergreen Farm Oy (Finland)

𝐀𝐬𝐢𝐚 𝐏𝐚𝐜𝐢𝐟𝐢𝐜
1. Sky Greens (Singapore)
2. Spread Co., Ltd. (Japan)

𝐓𝐨 𝐚𝐜𝐜𝐞𝐬𝐬 𝐦𝐨𝐫𝐞 𝐜𝐨𝐦𝐩𝐫𝐞𝐡𝐞𝐧𝐬𝐢𝐯𝐞 𝐢𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧, 𝐜𝐥𝐢𝐜𝐤 𝐡𝐞𝐫𝐞:https://www.maximizemarketresearch.com/market-report/global-vertical-farming-market/15221/

𝐊𝐞𝐲 𝐪𝐮𝐞𝐬𝐭𝐢𝐨𝐧𝐬 𝐚𝐧𝐬𝐰𝐞𝐫𝐞𝐝 𝐢𝐧 𝐭𝐡𝐞 𝐕𝐞𝐫𝐭𝐢𝐜𝐚𝐥 𝐅𝐚𝐫𝐦𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 𝐚𝐫𝐞:

• What is Vertical Farming?
• What is the growth rate of the Vertical Farming Market?
• Which are the factors expected to drive the Vertical Farming market growth?
• What are the different segments of the Vertical Farming Market?
• What growth strategies are the players considering to increase their presence in Vertical Farming?
• What are the upcoming industry applications and trends for the Vertical Farming Market?
• What are the recent industry trends that can be implemented to generate additional revenue streams for the Vertical Farming Market?
• What major challenges could the Vertical Farming Market face in the future?
• What segments are covered in the Vertical Farming Market?
• Who are the leading companies and what are their portfolios in Vertical Farming Market?
• What segments are covered in the Vertical Farming Market?
• Who are the key players in the Vertical Farming market?

𝐑𝐞𝐥𝐚𝐭𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭𝐬:

♦Global Polyurethane Injection Resins Market https://www.maximizemarketresearch.com/market-report/global-polyurethane-injection-resins-market/77509/

♦Global Legaltech Artificial Intelligence Ai Market https://www.maximizemarketresearch.com/market-report/global-legaltech-artificial-intelligence-ai-market/90661/

♦Global Ultrafiltered Milk Market https://www.maximizemarketresearch.com/market-report/global-ultrafiltered-milk-market/69717/

♦Processed Animal Protein Market https://www.maximizemarketresearch.com/market-report/processed-animal-protein-market/148162/

♦Jams & Spreads Market https://www.maximizemarketresearch.com/market-report/jams-spreads-market/124398/

♦Brilinta Market https://www.maximizemarketresearch.com/market-report/brilinta-market/75579/

♦Global Commercial Pharmaceutical Analytics Market https://www.maximizemarketresearch.com/market-report/global-commercial-pharmaceutical-analytics-market/65545/

♦Glboal Pet Care Market https://www.maximizemarketresearch.com/market-report/global-pet-care-market/31345/

♦Dosimeter Market https://www.maximizemarketresearch.com/market-report/global-dosimeter-market/112547/

♦Global Payroll HR Solutions and Services Market https://www.maximizemarketresearch.com/market-report/global-payroll-hr-solutions-and-services-market/44138/

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐌𝐚𝐱𝐢𝐦𝐢𝐳𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:
3rd Floor, Navale IT Park, Phase 2
Pune Banglore Highway, Narhe,
Pune, Maharashtra 411041, India
sales@maximizemarketresearch.com
+91 96071 95908, +91 9607365656

𝐀𝐛𝐨𝐮𝐭 𝐌𝐚𝐱𝐢𝐦𝐢𝐳𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

This release was published on openPR.