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Vertical Farming Market Size, Revenue & Growth Forecast 2025-2031 | Valuates Reports
Vertical Farming Units MarketA vertical farming unit is an agricultural unit that utilizes vertical farming technology for cultivation in an urban environment. It is a highly intensive agricultural production method that makes full use of urban space and improves the efficiency and effectiveness of agricultural production by planting crops in vertical space.
The global Vertical Farming Units market was valued at US$ million in 2023 and is anticipated to reach US$ million by 2030, witnessing a CAGR of %during the forecast period 2024-2030.
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North American market for Vertical Farming Units is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
Asia-Pacific market for Vertical Farming Units is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
The major global manufacturers of Vertical Farming Units include Agrify, ifarm, CambridgeHOK, Hydroponics Factory, Cultivatd, Montel, Reinfa, Vertical Farms, Vertical Farm Systems, Pipp Horticulture, etc. In 2023, the world's top three vendors accounted for approximately % of the revenue.
Report Scope
This report aims to provide a comprehensive presentation of the global market for Vertical Farming Units, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Vertical Farming Units.
The Vertical Farming Units market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Vertical Farming Units market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
By Type
• Hanging Type
• Wall Type
• Floor Type
By Application
• Vegetable Cultivation
• Fruit Planting
Key Companies
Agrify, ifarm, CambridgeHOK, Hydroponics Factory, Cultivatd, Montel, Reinfa, Vertical Farms, Vertical Farm Systems, Pipp Horticulture, igus
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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…
