Emerging Trends to Reshape the Vertical Farming Market: Technological Advancements And Sustainable Practices In Vertical Farming as a Key Influencer

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Vertical Farming Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The size of the vertical farming market has seen rapid growth in recent years. Predictions estimate it will increase from $7.74 billion in 2024 to $9.55 billion in 2025. This represents a compound annual growth rate (CAGR) of 23.4%. Factors such as concerns over water scarcity, independence from climate and season, the desire for locally sourced produce, rising population, and worries over food safety have all propelled growth during the historic period.

Vertical Farming Market Size Forecast: What's the Projected Valuation by 2029?
The market size for vertical farming is predicted to experience a tremendous surge in the forthcoming years. The market is projected to reach a valuation of $20.57 billion by 2029, advancing at a compound annual growth rate (CAGR) of 21.1%. The projected expansion during the forecast period can be ascribed to factors such as its integration in smart cities, inclusions in retail spaces, educational and research endeavors, penetration into developing nations, and consumer predilection for organic and locally produced goods. The forecast period also portends notable trends like customizing crop varieties, partnering with the foodservice industry, developing multi-layered and stacked farming mechanisms, automating planting and harvesting processes, alongside the application of aeroponics and hydroponics technologies.

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What Are the Drivers Transforming the Vertical Farming Market?
The acceleration of urbanization is anticipated to stimulate the expansion of the vertical farming market. This development inflates the overall area dedicated to crops and reduces the rural populace, thereby leading to a higher ratio of cropland per rural resident, consequently, enlarging the farm size. By 2050, it's predicted that nearly 80% of the global populace will be city dwellers, and the human population would have expanded by three billion. Moreover, the World Economic Forum forecasts that over a third of the projected urban growth from the present until 2050 will be centered in just three nations: India, China, and Nigeria. Projections predict India acquiring an additional 416 million urban inhabitants by 2050, China with 255 million, and Nigeria with 189 million. Thus, the swell in urbanization acts as a catalyst for the vertical farming market's growth.

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What Are the Key Trends Driving Vertical Farming Market Growth?
Main competitors in the vertical farming industry are striving towards innovation, such as the development of vertical farming solutions which function inside modular containers designed to ensure efficient use of space and resources for optimal crop production. This practice involves growing crops in layered structures within controlled environments, utilizing approaches like hydroponics to maximize space and encourage sustainability. For example, Growtainers, a company based in the United States, launched their vertical farming operations in October 2024. This vertical farm, operating at a 30-60% lower capital cost than its competitors, provides modular farming solutions with a focus on efficiency and sustainable agricultural practices. It functions at a 30-60% lower capital expenditure compared to conventional farms and boasts features such as a modular setup, LED lighting for energy conservation, hydroponic methods for soil-free cultivation, automated surveillance, sustainable agriculturing methods, consistent production throughout the year, and the capability to scale up to meet growing demand.

Which Segments in the Vertical Farming Market Offer the Most Profit Potential?
The vertical farming market covered in this report is segmented -

1) By Component: Irrigation Component, Lighting, Sensor, Climate Control, Building Material, Other Components
2) By Structure: Shipping Container, Building-Based
3) By Type: Hydroponics, Aeroponics, Aquaponics
4) By Crop Type: Leafy Green, Pollinated Plants, Nutraceutical Plant
5) By Application: Indoor, Outdoor

Subsegments:
1) By Irrigation Component: Drip Irrigation Systems, Hydroponic Systems, Nutrient Delivery Systems
2) By Lighting: Led Grow Lights, High-Intensity Discharge (Hid) Lights, Fluorescent Lights
3) By Sensor: Soil Moisture Sensors, Temperature And Humidity Sensors, Light Sensors
4) By Climate Control: Hvac Systems, Dehumidifiers, Fans And Ventilation Systems
5) By Building Material: Racks And Shelving, Containers And Growing Media, Enclosures And Walls
6) By Other Components: Automation Systems, Monitoring And Control Software, Energy Management Systems

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Which Firms Dominate the Vertical Farming Market by Market Share and Revenue in 2025?
Major companies operating in the vertical farming market 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., Freight Farms Inc., AeroFarms, General Hydroponics Inc., Agricool Group, CropOne Holdings Inc., CropOne Holdings Inc, AppHarvest Inc., Vertical Future Ltd., Valoya Inc., Kalera Public Limited Company, Agrilution Systems GmbH, American Hydroponics Inc., Square Mile Farms Ltd., Swegreen AB, Green Sense Farms Holdings Inc., Hort Americas LLC, Urban Crop Solutions, Eden Green Technology, Illumitex Inc., Heliospectra AB, Future Crops Vertical Farming B.V., Sky Urban Solutions Holding Pte Ltd.

Which Regions Offer the Highest Growth Potential in the Vertical Farming Market?
North America was the largest region in the vertical farming market in 2024. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the vertical farming market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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