Key Trends Reshaping the Vertical Farming Technology Market: Innovative Technologies Revolutionize Sustainable Efficient And High-Yield Vertical Farming Globally Industry Transformation

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Vertical Farming Technology Market Size Growth Forecast: What to Expect by 2025?
In recent times, there has been a significant expansion in the vertical farming technology market. Projected to surge from $6.27 billion in 2024 to $7.84 billion in 2025, it experiences a compound annual growth rate (CAGR) of 25.0%. The growth seen during the historic period can be credited to factors such as the rise in urbanization, which has limited arable land, growing worries about food security, government backing for sustainable farming methods, the demand for local and fresh produce, along with environmental concerns associated with conventional farming techniques.

How Will the Vertical Farming Technology Market Size Evolve and Grow by 2029?
Growth is anticipated for the vertical farming technology market size in the coming years, increasing to a substantial $19.3 billion by 2029, achieving a compound annual growth rate (CAGR) of 25.3%. Several reasons explain this growth in the expected period such as the growing requirement for organic food, the necessity of conserving water in farming practices, more awareness around the impacts of climate change on agriculture, the increasing popularity of city farming solutions, and a rise in the demand for crops all year round. Notable future trends encompass the use of artificial intelligence for crop surveillance and yield enhancement, the creation of energy-saving farming systems, the spread of vertical farms in metropolitan areas, the embrace of modular farm designs with scalability, and application of renewable energy sources.

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What Drivers Are Propelling the Growth of Vertical Farming Technology Market Forward?
The surge in demand for sustainable farming practices is projected to fuel the growth of the vertical farming technology market. These practices aim to fulfil today's food requirements without jeopardising the resources which future generations will need for their survival. They prioritize the preservation of the environment, conservation of resources, and endorsement of social and economic equality. This growing appeal for sustainable farming practices stems from the critical need to limit environmental damage, preserve water and land resources, increase food security, fight global warming, lessen dependency on chemicals and boost long-lasting agricultural productivity. Vertical farming technology plays a crucial role in catering to this escalated demand by facilitating high-density crop development in urban areas which results in the use of less land, water conservation, reduction in carbon emissions, decrease in pesticide use, allowing cultivation round the year, boosting resource effectiveness and boosting local food systems. To illustrate, in December 2024, as per the Department for Environment, Food & Rural Affairs, a government entity in the UK, the land covered by Agri-Environment Schemes (AES) for eco-friendly farming expanded from 4.92 million hectares in 2021 to 5.87 million hectares in 2023. Thus, the growing demand for sustainable farming methods is propelling the vertical farming technology market.

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What Trends Will Shape the Vertical Farming Technology Market Through 2029 and Beyond?
In the vertical farming technology sector, leading corporations are putting their efforts into the development of groundbreaking technologies like aeroponic precision growing systems with the aim of revolutionizing the way crops are produced. These systems are providing efficient, sustainable, and high-yielding solutions for vertical farming. The principle behind aeroponic precision growing lies in the hydroponic farming technology, wherein the roots of the plants are held in the air and sporadically sprayed with a solution that is rich in nutrients. Take for example, in September 2022, Innovation Agri-Tech Group (IAG), a company based in the UK that specializes in agricultural technology, commenced the GrowFrame 360 system, an invention that spans five years of intensive research and development. This advanced vertical farming solution optimizes plant cultivation in a space-saving manner, through the use of a modular, stackable frame capable of supporting multiple growing techniques like aeroponics or hydroponics, thereby enabling the maximum production of plants within a limited amount of space. The system has been fashioned to support precision growing by providing a controlled environment with modifiable light, temperature, humidity, and the delivery of nutrients. This makes it a perfect solution for urban farming, home gardening, and commercial agriculture. Its ingenious design allows a 360-degree access to plants, promoting optimal growth and yield while also curtailing the consumption of resources.

What Are the Key Segments in the Vertical Farming Technology Market?
The vertical farming technology market covered in this report is segmented -

1) By Type: Indoor Farming, Outdoor Farming
2) By Installation Type: On-Site Installed, Pre-Installed
3) By Growing Technology: Hydroponic And Aeroponic Farming, Aquaponic Farming
4) By Application: Vegetable Cultivation, Fruit Planting, Other Applications
5) By End User: Agricultural Industry, Restaurants And Other Food Services, Home Users

Subsegments:
1) By Indoor Farming: Hydroponics, Aeroponics, Aquaponics, Soil-Based Vertical Farming, Hybrid Vertical Farming
2) By Outdoor Farming: Rooftop Farming, Container Farming, Greenhouse Vertical Farming

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Who Are the Key Players Shaping the Vertical Farming Technology Market's Competitive Landscape?
Major companies operating in the vertical farming technology market are Signify Holding, Swegreen, Bowery Farming Inc., SPREAD Co. Ltd., Cropin Technology Solutions Private Limited, Plenty Unlimited Inc., Lufa Farms, IGS Ltd., AeroFarms LLC, Freight Farms Inc., MIRAI Official HP, SANANBIO, Vertical Future Ltd., 4D Bios Inc., Grow Pod Solutions, Sky Greens, Vertical Farm Systems Pty Ltd, Eden Green Technology, Urban Crop Solutions, Hort Americas LLC, TruLeaf, Gronska Stadsodling, iFarm

What Geographic Markets Are Powering Growth in the Vertical Farming Technology Market?
North America was the largest region in the vertical farming technology market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the vertical farming technology market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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