The global vertical farming market is anticipated to grow significantly at a CAGR of 19.2% over the forecast period. The key aspect that drives the growth of the global vertical farming market is the need for sustainable farming options owing to the limited accessibility and expensive land. Numerous factors such as the growth of population along with its growing needs, earth erosion, different forms of contamination, elimination of natural sources owing to the rising cities, the advent of biofuels, restrictions imposed on food production techniques affected by customers, and the requirements of the better-quality food products with less chemical used are some of the factors that encourage the growth of the vertical farming market over the forecast period.

Besides, the presence of the key players continuously innovating novel technologies also enhances market growth. Players such as AeroFarms LLC, Illumitex Inc., Koninklijke Philips N.V., Everlight Electronics Co. Ltd., Hort Americas, LLC, Signify Holding, Sky Greens Pte. Ltd., American Hydroponic Systems Inc., Vertical Farm Systems among others substantially contribute to the market growth. For instance, in January 2020, Freight Farms partnered with a France-based food services and facility management company Sodexo, for facilitating schools and universities in the US with the latest hydroponic vertical farming technology. Hence, this is likely to promote the adoption of vertical farming techniques and in turn, will enhance the growth of the market over the forecast period. 

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Market Coverage

The market number available for – 2023-2031
Base year- 2023
Forecast period- 2024-2031

Segment Covered- By Structure Type, Growth Mechanism, and Components

Regions Covered- North America, Europe, Asia-Pacific, Rest of the World

Competitive Landscape- AeroFarms LLC, Illumitex Inc., Koninklijke Philips N.V., Everlight Electronics Co. Ltd., Hort Americas, LLC, Signify Holding, Sky Greens Pte. Ltd., American Hydroponic Systems Inc., Vertical Farm Systems among others

Vertical Farming Market – Segmentation

By Structure Type

Building-based Vertical Farming
Shipping Container-based Vertical Farming

By Growth Mechanism

Aeroponics
Hydroponics
Aquaponics

By Component

Sensors
Lighting
Climatic Controls
Irrigation Component
Building Material
Other Components

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Vertical Farming Market – Segmentation by Region 

North America                                                                                                           

United States
Canada

Europe

UK
Germany
Spain
France
Italy
Rest of Europe

Asia-Pacific

India
China
Japan
South Korea
Rest of APAC

Rest of the World

Latin America
Middle East and Africa 

Company Profiles

4D Bios Inc. 
AeroFarms
Agrilution GmbH
Alesca Life Technologies Ltd. 
American Hydroponics Systems Inc. (AMHYDRO) 
Bowery Farming Inc. 
CropBox (Vertial Crop Consultants) 
Everlight Electronics Co., Ltd.
FarmvisionAI (Illumitex Inc.) 
Freight Farms
General Hydroponics Inc.
Gills N Claws Pte. Ltd. 
Gotham Greens
Green Sense Farms Holdings, Inc.
GreenTechAgro LLC
Growpod (GP) Solutions
GrowUp Farms Ltd. 
Heliospectra AB
Hort Americas 
Indoor Harvest Corp. 
Intelligent Growth Solutions Ltd.
Mirai Co. Ltd.
Plantagon International 
Signify Holding (Koninklijke Philips N.V.) 
Sky Greens Pte. Ltd. 
SPREAD Co. Ltd.
Vertical Farm Systems 

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