Vertical Farming Market Rising Adoption, Technology Innovation and New Business Opportunities (2025-2031) | At CAGR of 40.3%

Market Summary -

The global market for Vertical Farming was estimated to be worth US$ 11160 million in 2024 and is forecast to a readjusted size of US$ 115990 million by 2031 with a CAGR of 40.3% during the forecast period 2025-2031.

Accourding to QY Research has released a new publication titled "Global Vertical Farming Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031." This comprehensive study provides an in-depth evaluation of the worldwide Vertical Farming industry, uncovering the major forces influencing market growth and delivering high-value insights for investors, industry leaders, and strategic decision-makers. The report examines critical elements such as market dynamics, evolving technologies, segmentation trends, regional developments, and the competitive landscape. With data backed by rigorous research and expert interpretation, it offers an authoritative guide to understanding the macroeconomic and microeconomic factors reshaping the global market.

The global market for Vertical Farming was estimated to be worth US$ 11160 million in 2024 and is forecast to a readjusted size of US$ 115990 million by 2031 with a CAGR of 40.3% during the forecast period 2025-2031.

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Prime agricultural land can be scarce and expensive. With worldwide population growth, the demand for both more food and more land to grow food is ever increasing. One solution to our need for more space is vertical farming, involves growing crops in controlled Vegetable Cultivation environments, with precise light, nutrients, and temperatures. In vertical farming, growing plants are stacked in layers that may reach several stories tall.

The vertical farming sector is expanding rapidly, driven by the need to increase food production in urban areas, reduce supply chain vulnerabilities, and address resource constraints. By using stacked layers, controlled environment agriculture (CEA) technologies such as LED lighting, hydroponics, aeroponics, and automated climate control, vertical farms offer year‐round cultivation with significantly reduced land and water usage. These systems enable higher yields per square foot than traditional field agriculture and deliver consistently high-quality produce irrespective of external weather conditions.

Adoption is rising both in dense urban centers seeking localized, low‐carbon food sources and in regions looking to improve food security. Vertical farms are increasingly integrated into supermarkets, restaurants, and food service supply chains, offering leafy greens, herbs, microgreens, and even strawberries or tomatoes with minimal transportation needs. Key drivers include growing consumer demand for fresh food, the ability to scale up production in cities, enhanced food traceability, and reduced environmental impact. At the same time, high capital investment, energy and infrastructure costs, and ongoing technical complexity remain challenges for many operators seeking to scale.

Recent Developments -

The authors of the report have put forward recent developments by key participants. Other strategic activities by manufacturers such as M&A, joint ventures, collaborations, innovation, product offerings, and research and development activities are highlighted in this research study. This will keep the users up-to-date about the undertakings and give the users a crystal-clear understanding of the key advancements emerging in the business.

Market Drivers, Challenges & Restraints -

This section outlines the various elements influencing the trajectory of the Vertical Farming market:

Key Growth Drivers -

- Supportive policy frameworks and regulatory reforms
- Advancement in product innovation and technological breakthroughs
- Growing demand in emerging application areas
- Shift in global supply chain structures

Restraints & Challenges -

- Regulatory uncertainties
- Competitive pricing pressures
- Operational risks
- Market-entry barriers

Market Segmentation and Regional -

By Type

Hydroponics
Aeroponics
Others

By Application

Vegetable Cultivation
Fruit Planting
Others

Regional Analysis -

✔ North America (U.S., Canada, China)
✔ Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
✔ Asia-Pacific (Japan, South Korea, China Taiwan, Southeast Asia, India)
✔ Middle East, Africa, Latin America (Brazil, Mexico, Turkey, Israel, GCC Countries)

The analysis spans from 2024 (base year) to 2031 (forecast period).

Major Company Included: -

AeroFarms
Gotham Greens
Plenty (Bright Farms)
Lufa Farms
Beijing IEDA Protected Horticulture
Green Sense Farms
Garden Fresh Farms
Mirai
Sky Vegetables
TruLeaf
Urban Crops
Sky Greens
GreenLand
Scatil
Jingpeng
Metropolis Farms
Plantagon
Spread
Sanan Sino Science
Nongzhong Wulian
Vertical Harvest
Infinite Harvest
FarmedHere
Metro Farms
Green Spirit Farms
Indoor Harvest
Sundrop Farms
Alegria Fresh
Farmbox
Greener Roots Farm

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Why should you purchase this report?

Purchasing this report provides you with a comprehensive and data-driven understanding of the market landscape, enabling informed business decisions and strategic planning. The report comes with free customization based on client requirements, including a country-level breakdown of any five countries of your choice and a competitive analysis of segment revenue by key market players. With detailed insights into market trends, growth drivers, challenges, competitive dynamics, and emerging opportunities, this report equips stakeholders, manufacturers, and investors with actionable intelligence to identify profitable prospects, optimize operations, and maintain a competitive edge in the industry.

How Can the Research Study Help your Business?

✔ The information presented in the Vertical Farming report helps your decision makers to become prudent and make the best business choices.
✔ The report enables you to see the future of the global Vertical Farming market and accordingly take decisions that will be in the best interest of your business.
✔ It offers you a forward-looking perspective of the global Vertical Farming market drivers and how you can secure significant market gains in the near future.
✔ It provides SWOT analysis of the global Vertical Farming market along with useful graphics and detailed statistics providing quick information about the market's overall progress throughout the forecast period.
✔ It also assesses the changing competitive dynamics of the global Vertical Farming market using pin-point evaluation.

Key Questions Answered in the Report -

✔ What is the size and estimated growth rate of the global and regional Vertical Farming market?
✔ Which countries are expected to display the strongest growth?
✔ Which region will dominate the market throughout the forecast period?
✔ What are the main factors driving or restraining market expansion?
✔ What technological advancements are shaping future demand?
✔ Where are the key opportunities for new entrants and established players?
✔ Which companies currently hold the highest market share?
✔ How will market dynamics evolve from 2025 to 2031?

Table of Contents - Major Key Points:

1 Market Overview
1.1 Vertical Farming Product Introduction
1.2 Global Vertical Farming Market Size Forecast (2020-2031)
1.3 Vertical Farming Market Trends & Drivers
1.3.1 Vertical Farming Industry Trends
1.3.2 Vertical Farming Market Drivers & Opportunity
1.3.3 Vertical Farming Market Challenges
1.3.4 Vertical Farming Market Restraints
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Competitive Analysis by Company
2.1 Global Vertical Farming Players Revenue Ranking (2024)
2.2 Global Vertical Farming Revenue by Company (2020-2025)
2.3 Key Companies Vertical Farming Manufacturing Base Distribution and Headquarters
2.4 Key Companies Vertical Farming Product Offered
2.5 Key Companies Time to Begin Mass Production of Vertical Farming
2.6 Vertical Farming Market Competitive Analysis
2.6.1 Vertical Farming Market Concentration Rate (2020-2025)
2.6.2 Global 5 and 10 Largest Companies by Vertical Farming Revenue in 2024
2.6.3 Global Top Companies by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Vertical Farming as of 2024)
2.7 Mergers & Acquisitions, Expansion
3 Segmentation by Type
3.1 Introduction by Type
3.1.1 Hydroponics
3.1.2 Aeroponics
3.1.3 Others
3.2 Global Vertical Farming Sales Value by Type
3.2.1 Global Vertical Farming Sales Value by Type (2020 VS 2024 VS 2031)
3.2.2 Global Vertical Farming Sales Value, by Type (2020-2031)
3.2.3 Global Vertical Farming Sales Value, by Type (%) (2020-2031)
4 Segmentation by Application
4.1 Introduction by Application
4.1.1 Vegetable Cultivation
4.1.2 Fruit Planting
4.1.3 Others
4.2 Global Vertical Farming Sales Value by Application
4.2.1 Global Vertical Farming Sales Value by Application (2020 VS 2024 VS 2031)
4.2.2 Global Vertical Farming Sales Value, by Application (2020-2031)
4.2.3 Global Vertical Farming Sales Value, by Application (%) (2020-2031)
5 Segmentation by Region
5.1 Global Vertical Farming Sales Value by Region
5.1.1 Global Vertical Farming Sales Value by Region: 2020 VS 2024 VS 2031
5.1.2 Global Vertical Farming Sales Value by Region (2020-2025)
5.1.3 Global Vertical Farming Sales Value by Region (2026-2031)
5.1.4 Global Vertical Farming Sales Value by Region (%), (2020-2031)
5.2 North America
5.2.1 North America Vertical Farming Sales Value, 2020-2031
5.2.2 North America Vertical Farming Sales Value by Country (%), 2024 VS 2031
5.3 Europe
5.3.1 Europe Vertical Farming Sales Value, 2020-2031
5.3.2 Europe Vertical Farming Sales Value by Country (%), 2024 VS 2031
5.4 Asia Pacific
5.4.1 Asia Pacific Vertical Farming Sales Value, 2020-2031
5.4.2 Asia Pacific Vertical Farming Sales Value by Region (%), 2024 VS 2031
5.5 South America
5.5.1 South America Vertical Farming Sales Value, 2020-2031
5.5.2 South America Vertical Farming Sales Value by Country (%), 2024 VS 2031
5.6 Middle East & Africa
5.6.1 Middle East & Africa Vertical Farming Sales Value, 2020-2031
5.6.2 Middle East & Africa Vertical Farming Sales Value by Country (%), 2024 VS 2031
6 Segmentation by Key Countries/Regions
6.1 Key Countries/Regions Vertical Farming Sales Value Growth Trends, 2020 VS 2024 VS 2031
6.2 Key Countries/Regions Vertical Farming Sales Value, 2020-2031
6.3 United States
6.3.1 United States Vertical Farming Sales Value, 2020-2031
6.3.2 United States Vertical Farming Sales Value by Type (%), 2024 VS 2031
6.3.3 United States Vertical Farming Sales Value by Application, 2024 VS 2031
6.4 Europe
6.4.1 Europe Vertical Farming Sales Value, 2020-2031
6.4.2 Europe Vertical Farming Sales Value by Type (%), 2024 VS 2031
6.4.3 Europe Vertical Farming Sales Value by Application, 2024 VS 2031
6.5 China
6.5.1 China Vertical Farming Sales Value, 2020-2031
6.5.2 China Vertical Farming Sales Value by Type (%), 2024 VS 2031
6.5.3 China Vertical Farming Sales Value by Application, 2024 VS 2031
6.6 Japan
6.6.1 Japan Vertical Farming Sales Value, 2020-2031
6.6.2 Japan Vertical Farming Sales Value by Type (%), 2024 VS 2031
6.6.3 Japan Vertical Farming Sales Value by Application, 2024 VS 2031
6.7 South Korea
6.7.1 South Korea Vertical Farming Sales Value, 2020-2031
6.7.2 South Korea Vertical Farming Sales Value by Type (%), 2024 VS 2031
6.7.3 South Korea Vertical Farming Sales Value by Application, 2024 VS 2031
6.8 Southeast Asia
6.8.1 Southeast Asia Vertical Farming Sales Value, 2020-2031
6.8.2 Southeast Asia Vertical Farming Sales Value by Type (%), 2024 VS 2031
6.8.3 Southeast Asia Vertical Farming Sales Value by Application, 2024 VS 2031
6.9 India
6.9.1 India Vertical Farming Sales Value, 2020-2031
6.9.2 India Vertical Farming Sales Value by Type (%), 2024 VS 2031
6.9.3 India Vertical Farming Sales Value by Application, 2024 VS 2031
7 Company Profiles
7.1 AeroFarms
7.1.1 AeroFarms Profile
7.1.2 AeroFarms Main Business
7.1.3 AeroFarms Vertical Farming Products, Services and Solutions
7.1.4 AeroFarms Vertical Farming Revenue (US$ Million) & (2020-2025)
7.1.5 AeroFarms Recent Developments
7.2 Gotham Greens
7.2.1 Gotham Greens Profile
7.2.2 Gotham Greens Main Business
7.2.3 Gotham Greens Vertical Farming Products, Services and Solutions
7.2.4 Gotham Greens Vertical Farming Revenue (US$ Million) & (2020-2025)
7.2.5 Gotham Greens Recent Developments
7.3 Plenty (Bright Farms)
7.3.1 Plenty (Bright Farms) Profile
7.3.2 Plenty (Bright Farms) Main Business
7.3.3 Plenty (Bright Farms) Vertical Farming Products, Services and Solutions
7.3.4 Plenty (Bright Farms) Vertical Farming Revenue (US$ Million) & (2020-2025)
7.3.5 Plenty (Bright Farms) Recent Developments
7.4 Lufa Farms
7.4.1 Lufa Farms Profile
7.4.2 Lufa Farms Main Business
7.4.3 Lufa Farms Vertical Farming Products, Services and Solutions
7.4.4 Lufa Farms Vertical Farming Revenue (US$ Million) & (2020-2025)
7.4.5 Lufa Farms Recent Developments
7.5 Beijing IEDA Protected Horticulture
7.5.1 Beijing IEDA Protected Horticulture Profile
7.5.2 Beijing IEDA Protected Horticulture Main Business
7.5.3 Beijing IEDA Protected Horticulture Vertical Farming Products, Services and Solutions
7.5.4 Beijing IEDA Protected Horticulture Vertical Farming Revenue (US$ Million) & (2020-2025)
7.5.5 Beijing IEDA Protected Horticulture Recent Developments
7.6 Green Sense Farms
7.6.1 Green Sense Farms Profile
7.6.2 Green Sense Farms Main Business
7.6.3 Green Sense Farms Vertical Farming Products, Services and Solutions
7.6.4 Green Sense Farms Vertical Farming Revenue (US$ Million) & (2020-2025)
7.6.5 Green Sense Farms Recent Developments
7.7 Garden Fresh Farms
7.7.1 Garden Fresh Farms Profile
7.7.2 Garden Fresh Farms Main Business
7.7.3 Garden Fresh Farms Vertical Farming Products, Services and Solutions
7.7.4 Garden Fresh Farms Vertical Farming Revenue (US$ Million) & (2020-2025)
7.7.5 Garden Fresh Farms Recent Developments
7.8 Mirai
7.8.1 Mirai Profile
7.8.2 Mirai Main Business
7.8.3 Mirai Vertical Farming Products, Services and Solutions
7.8.4 Mirai Vertical Farming Revenue (US$ Million) & (2020-2025)
7.8.5 Mirai Recent Developments
7.9 Sky Vegetables
7.9.1 Sky Vegetables Profile
7.9.2 Sky Vegetables Main Business
7.9.3 Sky Vegetables Vertical Farming Products, Services and Solutions
7.9.4 Sky Vegetables Vertical Farming Revenue (US$ Million) & (2020-2025)
7.9.5 Sky Vegetables Recent Developments
7.10 TruLeaf
7.10.1 TruLeaf Profile
7.10.2 TruLeaf Main Business
7.10.3 TruLeaf Vertical Farming Products, Services and Solutions
7.10.4 TruLeaf Vertical Farming Revenue (US$ Million) & (2020-2025)
7.10.5 TruLeaf Recent Developments
7.11 Urban Crops
7.11.1 Urban Crops Profile
7.11.2 Urban Crops Main Business
7.11.3 Urban Crops Vertical Farming Products, Services and Solutions
7.11.4 Urban Crops Vertical Farming Revenue (US$ Million) & (2020-2025)
7.11.5 Urban Crops Recent Developments
7.12 Sky Greens
7.12.1 Sky Greens Profile
7.12.2 Sky Greens Main Business
7.12.3 Sky Greens Vertical Farming Products, Services and Solutions
7.12.4 Sky Greens Vertical Farming Revenue (US$ Million) & (2020-2025)
7.12.5 Sky Greens Recent Developments
7.13 GreenLand
7.13.1 GreenLand Profile
7.13.2 GreenLand Main Business
7.13.3 GreenLand Vertical Farming Products, Services and Solutions
7.13.4 GreenLand Vertical Farming Revenue (US$ Million) & (2020-2025)
7.13.5 GreenLand Recent Developments
7.14 Scatil
7.14.1 Scatil Profile
7.14.2 Scatil Main Business
7.14.3 Scatil Vertical Farming Products, Services and Solutions
7.14.4 Scatil Vertical Farming Revenue (US$ Million) & (2020-2025)
7.14.5 Scatil Recent Developments
7.15 Jingpeng
7.15.1 Jingpeng Profile
7.15.2 Jingpeng Main Business
7.15.3 Jingpeng Vertical Farming Products, Services and Solutions
7.15.4 Jingpeng Vertical Farming Revenue (US$ Million) & (2020-2025)
7.15.5 Jingpeng Recent Developments
7.16 Metropolis Farms
7.16.1 Metropolis Farms Profile
7.16.2 Metropolis Farms Main Business
7.16.3 Metropolis Farms Vertical Farming Products, Services and Solutions
7.16.4 Metropolis Farms Vertical Farming Revenue (US$ Million) & (2020-2025)
7.16.5 Metropolis Farms Recent Developments
7.17 Plantagon
7.17.1 Plantagon Profile
7.17.2 Plantagon Main Business
7.17.3 Plantagon Vertical Farming Products, Services and Solutions
7.17.4 Plantagon Vertical Farming Revenue (US$ Million) & (2020-2025)
7.17.5 Plantagon Recent Developments
7.18 Spread
7.18.1 Spread Profile
7.18.2 Spread Main Business
7.18.3 Spread Vertical Farming Products, Services and Solutions
7.18.4 Spread Vertical Farming Revenue (US$ Million) & (2020-2025)
7.18.5 Spread Recent Developments
7.19 Sanan Sino Science
7.19.1 Sanan Sino Science Profile
7.19.2 Sanan Sino Science Main Business
7.19.3 Sanan Sino Science Vertical Farming Products, Services and Solutions
7.19.4 Sanan Sino Science Vertical Farming Revenue (US$ Million) & (2020-2025)
7.19.5 Sanan Sino Science Recent Developments
7.20 Nongzhong Wulian
7.20.1 Nongzhong Wulian Profile
7.20.2 Nongzhong Wulian Main Business
7.20.3 Nongzhong Wulian Vertical Farming Products, Services and Solutions
7.20.4 Nongzhong Wulian Vertical Farming Revenue (US$ Million) & (2020-2025)
7.20.5 Nongzhong Wulian Recent Developments
7.21 Vertical Harvest
7.21.1 Vertical Harvest Profile
7.21.2 Vertical Harvest Main Business
7.21.3 Vertical Harvest Vertical Farming Products, Services and Solutions
7.21.4 Vertical Harvest Vertical Farming Revenue (US$ Million) & (2020-2025)
7.21.5 Vertical Harvest Recent Developments
7.22 Infinite Harvest
7.22.1 Infinite Harvest Profile
7.22.2 Infinite Harvest Main Business
7.22.3 Infinite Harvest Vertical Farming Products, Services and Solutions
7.22.4 Infinite Harvest Vertical Farming Revenue (US$ Million) & (2020-2025)
7.22.5 Infinite Harvest Recent Developments
7.23 FarmedHere
7.23.1 FarmedHere Profile
7.23.2 FarmedHere Main Business
7.23.3 FarmedHere Vertical Farming Products, Services and Solutions
7.23.4 FarmedHere Vertical Farming Revenue (US$ Million) & (2020-2025)
7.23.5 FarmedHere Recent Developments
7.24 Metro Farms
7.24.1 Metro Farms Profile
7.24.2 Metro Farms Main Business
7.24.3 Metro Farms Vertical Farming Products, Services and Solutions
7.24.4 Metro Farms Vertical Farming Revenue (US$ Million) & (2020-2025)
7.24.5 Metro Farms Recent Developments
7.25 Green Spirit Farms
7.25.1 Green Spirit Farms Profile
7.25.2 Green Spirit Farms Main Business
7.25.3 Green Spirit Farms Vertical Farming Products, Services and Solutions
7.25.4 Green Spirit Farms Vertical Farming Revenue (US$ Million) & (2020-2025)
7.25.5 Green Spirit Farms Recent Developments
7.26 Indoor Harvest
7.26.1 Indoor Harvest Profile
7.26.2 Indoor Harvest Main Business
7.26.3 Indoor Harvest Vertical Farming Products, Services and Solutions
7.26.4 Indoor Harvest Vertical Farming Revenue (US$ Million) & (2020-2025)
7.26.5 Indoor Harvest Recent Developments
7.27 Sundrop Farms
7.27.1 Sundrop Farms Profile
7.27.2 Sundrop Farms Main Business
7.27.3 Sundrop Farms Vertical Farming Products, Services and Solutions
7.27.4 Sundrop Farms Vertical Farming Revenue (US$ Million) & (2020-2025)
7.27.5 Sundrop Farms Recent Developments
7.28 Alegria Fresh
7.28.1 Alegria Fresh Profile
7.28.2 Alegria Fresh Main Business
7.28.3 Alegria Fresh Vertical Farming Products, Services and Solutions
7.28.4 Alegria Fresh Vertical Farming Revenue (US$ Million) & (2020-2025)
7.28.5 Alegria Fresh Recent Developments
7.29 Farmbox
7.29.1 Farmbox Profile
7.29.2 Farmbox Main Business
7.29.3 Farmbox Vertical Farming Products, Services and Solutions
7.29.4 Farmbox Vertical Farming Revenue (US$ Million) & (2020-2025)
7.29.5 Farmbox Recent Developments
7.30 Greener Roots Farm
7.30.1 Greener Roots Farm Profile
7.30.2 Greener Roots Farm Main Business
7.30.3 Greener Roots Farm Vertical Farming Products, Services and Solutions
7.30.4 Greener Roots Farm Vertical Farming Revenue (US$ Million) & (2020-2025)
7.30.5 Greener Roots Farm Recent Developments
8 Industry Chain Analysis
8.1 Vertical Farming Industrial Chain
8.2 Vertical Farming Upstream Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.2.3 Manufacturing Cost Structure
8.3 Midstream Analysis
8.4 Downstream Analysis (Customers Analysis)
8.5 Sales Model and Sales Channels
8.5.1 Vertical Farming Sales Model
8.5.2 Sales Channel
8.5.3 Vertical Farming Distributors
9 Research Findings and Conclusion
10 Appendix
10.1 Research Methodology
10.1.1 Methodology/Research Approach
10.1.1.1 Research Programs/Design
10.1.1.2 Market Size Estimation
10.1.1.3 Market Breakdown and Data Triangulation
10.1.2 Data Source
10.1.2.1 Secondary Sources
10.1.2.2 Primary Sources
10.2 Author Details
10.3 Disclaimer

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