Press release
Vertical Farming Global Market Report 2025: Exponential Growth Ahead
Vertical Farming Market Size
What Is The Projected Market Size Of The Global Vertical Farming Global Market Report 2025 And Its Growth Rate?
- The market size of vertical farming has grown from $7.74 billion in 2024 to a significant $9.6 billion in 2025.
- The compound annual growth rate (CAGR) during this period is estimated to be 24.0%.
- Key factors driving this growth can be attributed to water scarcity concerns, seasonal independence, demand for locally sourced produce, population growth, and food safety concerns.
- Looking ahead, the vertical farming market size is expected to see exponential growth, growing to $21.12 billion in 2029 at a CAGR of 21.8%.
- Trend drivers in the forecast period include integration with smart cities, vertical farming in retail spaces, and consumer preferences for organic and local produce.
What Is Driving The Growth In The Vertical Farming Global Market Report 2025?
Urbanization is a key driving force propelling the growth of the vertical farming market. It increases the total cropland area and decreases the rural population, resulting in increased farm sizes. By 2050, around 80% of the world's population will reside in cities, and the human population will grow by three billion. The World Economic Forum projects that over one-third of the urban growth by 2050 will occur in India, China, and Nigeria. These countries will see a significant increase in urban residents; India with 416 million, China with 255 million, and Nigeria with 189 million. Hence, the surge in urbanization massively propels the expansion of the vertical farming market.
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Who Are the Key Players Driving Vertical Farming Global Market Report 2025 Growth?
The key market players include:
- Philips Lighting N.V.
- Osram AG
- Everlight Electronics Co Ltd.
- Infarms Indoor Forming GmbH
- Spread Group GmbH
- Bowery Farming Inc.
- Plenty Unlimited Inc.
- BrightFarms Inc.
- Mirai Co Ltd.
- Intelligent Growth Solutions Ltd.
What Are The Key Trends In The Vertical Farming Global Market Report 2025?
Emerging trends in the market include:
- Customized crop varieties
- Collaborations with the foodservice industry
- Multi-layered and stacked farming systems
- Automated planting and harvesting systems
- Aeroponics and hydroponics technologies.
What Are The Segments Of The Global Vertical Farming Global Market Report 2025?
This report segments the vertical farming market as:
- By Component: Irrigation Component, Lighting, Sensor, Climate Control, Building Material, Other Components
- By Structure: Shipping Container, Building-Based
- By Type: Hydroponics, Aeroponics, Aquaponics
- By Crop Type: Leafy Green, Pollinated Plants, Nutraceutical Plant
- By Application: Indoor, Outdoor
Which Region Leads The Vertical Farming Global Market Report 2025?
North America was the largest region in the vertical farming market in 2024. Europe is projected to be the fastest-growing region in the forecast period. The report covers Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa in its analysis.
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What Is Covered In The Vertical Farming Global Market Report 2025 Global Market Report?
- Market Size Analysis: Analyze the Vertical Farming Global Market Report 2025 size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Vertical Farming Global Market Report 2025 for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Vertical Farming Global Market Report 2025 growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Vertical Farming Global Market Report 2025.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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