Press release
Leading Companies Fueling Growth and Innovation in the Vertical Farming Technology Market
The vertical farming technology market is capturing increasing attention as a sustainable solution to modern agricultural challenges. With rapid advancements and growing urbanization, this sector is set for remarkable expansion. Below, we explore the market's projected growth, key players shaping the industry, emerging trends, and detailed market segmentation.Projected Expansion of the Vertical Farming Technology Market
The vertical farming technology sector is anticipated to experience substantial growth, reaching a market size of $24.03 billion by 2030. This surge corresponds to a compound annual growth rate (CAGR) of 25.0%. Driving this expansion are factors such as the rise of sustainable food systems, greater demand for high-yield indoor cultivation, increasing investments in smart farming innovations, growth in urban commercial farms, and an emphasis on climate-resilient agricultural practices. Notable trends fueling this growth include broader adoption of stacked crop cultivation, increased use of hydroponic and aeroponic methods, expansion of controlled indoor farming environments, enhanced focus on water-efficient growing techniques, and the rising need for urban food production solutions.
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Key Companies Leading the Vertical Farming Technology Industry
A range of prominent firms dominate the vertical farming technology landscape, including Signify Holding, Swegreen, Bowery Farming Inc., SPREAD Co. Ltd., Plenty Unlimited Inc., Lufa Farms, IGS Ltd., AeroFarms LLC, Freight Farms Inc., MIRAI Official HP, SANANBIO, Vertical Future Ltd., Grow Pod Solutions, Sky Greens, Vertical Farm Systems Pty Ltd, Eden Green Technology, Urban Crop Solutions, Hort Americas LLC, TruLeaf, Gronska Stadsodling, and iFarm.
In a significant move, October 2023 saw US-based agricultural tech company Lactuca Holdings acquire Kalera, another US vertical farming business, for an undisclosed sum. Supported by Sandton Capital Partners, this acquisition aims to bolster Kalera's growth trajectory, deepen customer relationships, and expand operational scale through new partnerships. Kalera plans to ramp up production, diversify its micro-green offerings, and license its technology to other vertical growers, while continuing to operate under its premium brand with existing leadership intact.
Innovative Trends Shaping the Future of Vertical Farming Technology
Leading companies in this market are pioneering new advancements to boost sustainable food production especially in resource-limited and urban settings. One such innovation is inflatable aeroponic farming systems-lightweight, modular indoor units that nourish plant roots with a nutrient-rich mist in controlled environments, maximizing water efficiency and accelerating crop growth.
For example, in January 2025, AirFarm, an agri-tech company from Jordan, introduced FOOD ARK, an inflatable aeroponic farming solution featuring patented water vapor conversion and recirculation technologies alongside smart monitoring. Its compact, flat-packable design allows for rapid setup and scalability, making it ideal for urban and arid regions where conventional farming is challenging.
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https://www.thebusinessresearchcompany.com/report/vertical-farming-technology-global-market-report
Comprehensive Breakdown of the Vertical Farming Technology Market
This market is segmented across several categories to provide a thorough analysis:
1) By Type: Indoor Farming and Outdoor Farming
2) By Installation Type: On-Site Installed and Pre-Installed
3) By Growing Technology: Hydroponic and Aeroponic Farming, and Aquaponic Farming
4) By Application: Vegetable Cultivation, Fruit Planting, and Other Applications
5) By End User: Agricultural Industry, Restaurants and Other Food Services, and Home Users
Further subcategories include:
- Indoor Farming: Hydroponics, Aeroponics, Aquaponics, Soil-Based Vertical Farming, and Hybrid Vertical Farming
- Outdoor Farming: Rooftop Farming, Container Farming, and Greenhouse Vertical Farming
This segmentation offers insight into the evolving preferences and technologies within the vertical farming space, highlighting the diverse approaches to modern agriculture.
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