Vertical Farming Market Forecast to 2034 Highlighting Lighting Climate Control and Sensor Innovations

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Vertical Farming Market- by Products (Lighting, Hydroponic components, Climate Control, and Sensors), Mechanism (Hydroponics, Aeroponics, and Aquaponics), Trends, Industry Competition Analysis, Revenue and Forecast To 2034."

According to the latest research by InsightAce Analytic, the global Vertical Farming market is valued at US$ 6.90 Billion in 2024, and it is expected to reach 50.79 Billion by the year 2034, with a CAGR of 22.2% during a forecast period of 2025-2034.

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Vertical farming represents a revolutionary approach to agriculture, involving the cultivation of crops in vertically stacked layers within structures such as shipping containers, repurposed warehouses, or high-rise buildings. This method integrates indoor farming and controlled-environment agriculture (CEA) technologies to precisely manage key parameters, including light, temperature, humidity, and nutrient supply. By maximizing land and resource efficiency, vertical farming enables high-yield crop production in limited urban spaces, delivering both environmental and economic advantages while minimizing land use and ecological impact.

The global vertical farming market is poised for substantial growth, driven by rising food demand, the need for enhanced agricultural productivity, accelerating urbanization, and the benefits of climate-resilient cultivation. Systems such as hydroponic greenhouses support year-round production, achieving as many as 11 to 13 harvests annually, thereby addressing food security challenges in densely populated urban areas. Moreover, the ability of vertical farms to operate independently of external weather conditions enhances their reliability as a sustainable food production solution.

The market's expansion is further supported by the adoption of alternative soilless cultivation techniques, including aeroponics, hydroponics, and aquaponics, which improve resource efficiency and crop quality. Nevertheless, the high upfront capital requirements associated with establishing vertical farming infrastructure, combined with limited awareness and gradual adoption of advanced agricultural technologies, present barriers to market penetration. These challenges may particularly affect revenue growth in developing regions with restricted access to technical expertise and financial resources.

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The Asia Pacific region is anticipated to be the leading contributor to the growth of the vertical farming market over the forecast period. This growth is largely driven by increasing awareness of alternative agricultural methods, prompted by limited arable land and a rapidly expanding population. Key markets, including China, Japan, South Korea, and India, are expected to capture a significant portion of regional revenue. Rising disposable incomes and evolving consumer preferences in these countries are further supporting demand for sustainable and efficient food production systems, thereby accelerating the adoption of vertical farming technologies.

Meanwhile, the North American vertical farming market is also projected to experience substantial growth in the coming years. Key drivers include mounting concerns over water scarcity, the prevalence of drought-prone regions, and heightened environmental consciousness. Additionally, the region is witnessing the development and deployment of innovative agricultural technologies, such as nanofarming, which are contributing to the expansion of vertical farming practices. These trends reflect a broader regional shift toward sustainable, high-yield agricultural solutions in North America.

Major market players operating in the Vertical Farming market include Innovation Agi-Tech Group, Vertical Field, Aero Farms, Apparent, Vertical Harvest, Crop One, Plenty Unlimited Inc., SPREAD Co., Ltd., V-Farm, Bridge Greenhouses Ltd., Jones Food Co, Letts Grow Ltd, Grownup Farms Limited, 80 Acres Farms, 808 Factory, Agrarian, Boom Grow, Agricola, Unfold Inc., Freight Farms, Bowery Farming, Cubic Farm Systems Corp., Garden, Grow Group IFS, IGS Limited, Sweetgreen, Vertical Future, Yes Health Group and Other Prominent Players.

Recent collaborations and agreements in the market:
• In August 2021, Cargill, in collaboration with the vertical farming pioneer AeroFarms, aims to increase cocoa bean yields and develop better climate-resilient farming approaches. Together, the two institutions will test several indoor growing technologies, such as aeroponics and hydroponics, as well as light, carbon dioxide, irrigation, and nutrients, to determine the best circumstances for cocoa tree growth.
• In August 2021, AeroFarms announced plans to expand into the Middle West in collaboration with the World Wildlife Fund (WWF) and St. Louis Controlled Environment Agriculture Coalition (STLCEA) to demonstrate novel ways of reducing the environmental imprint of indoor vertical farming.
• In December 2020, Freight Farms, Inc. collaborated with Arcadia Power, Inc. to deliver clean electricity to Freight Farms clients in the United States. It enabled farmers to transport goods using clean, low-cost electricity. Customers of Freight Farms who have an Arcadia membership can choose to match their electricity consumption with wind and solar power, which will assist create more demand for growers' clean energy supplies.

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Market Segments
Global Vertical Farming Market, by Products, 2022-2030 (Value US$ Mn)
• Lighting Devices
• Hydroponic Components
• Climate Control Devices
• Sensing Devices
• Other Products
Global Vertical Farming Market, by Mechanism, 2022-2030 (Value US$ Mn)
• Hydroponics
• Aquaponics
• Aeroponics
Global Vertical Farming Market, by Region, 2022-2030 (Value US$ Mn)
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
North America Vertical Farming Market, by Country, 2022-2030 (Value US$ Mn)
• U.S.
• Canada
Europe Vertical Farming Market, by Country, 2022-2030 (Value US$ Mn)
• Germany
• France
• Italy
• Spain
• Russia
• Rest of Europe
Asia Pacific Vertical Farming Market, by Country, 2022-2030 (Value US$ Mn)
• India
• China
• Japan
• South Korea
• Australia & New Zealand
Latin America Vertical Farming Market, by Country, 2022-2030 (Value US$ Mn)
• Brazil
• Mexico
• Rest of Latin America
Middle East & Africa Vertical Farming Market, by Country, 2022-2030 (Value US$ Mn)
• GCC Countries
• South Africa
• Rest of Middle East & Africa

Why should buy this report:
 To receive a comprehensive analysis of the prospects for the global Vertical Farming market
 To receive an industry overview and future trends of the Vertical Farming market
 To analyze the Vertical Farming market drivers and challenges
 To get information on the Vertical Farming market value (US$Mn) forecast to 2030
 Significant investments, mergers & acquisitions in the Vertical Farming market industry

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This release was published on openPR.