Global vertical farming market will reach $36,955.1 million by 2032, growing by 22.5% annually over 2022-2032, driven by the rapid urbanization, rising demand for high quality and high level of food safety, declining arable land, advantages of vertical farming equipped with advanced technologies, and independence of vertical farming from climate impacts.
Highlighted with 91 tables and 85 figures, this 174-page report "Global Vertical Farming Market 2022-2032 by Mechanism (Hydroponics, Aquaponics, Aeroponics), Component (Lighting, Hydroponic Components, Climate Control, Sensing), Structure (Building-based, Container-based), Application Type (Indoor, Outdoor), Crop (Tomatoes, Lettuce, Leafy Greens, Peppers, Herbs, Strawberry), and Region: Trend Forecast and Growth Opportunity" is based on a comprehensive research of the entire global vertical farming market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2020-2022 and provides forecast from 2023 till 2032 with 2022 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
In-depth qualitative analyses include identification and investigation of the following aspects:
• Market Structure
• Growth Drivers
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter's Fiver Forces
The trend and outlook of global market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19 and Russia-Ukraine conflict. The balanced (most likely) projection is used to quantify global vertical farming market in every aspect of the classification from perspectives of Mechanism, Component, Structure, Application Type, Crop, and Region.
Based on Mechanism, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.
• Hydroponics
• Aquaponics
• Aeroponics
Based on Component, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.
• Lighting Devices
• Hydroponic Components
• Climate Control Devices
• Sensing Devices
• Irrigation Component
• Building Material
• Other Components
By Structure, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.
• Building-based Structure
• Container-based Structure
By Application Type, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.
• Indoor Vertical Farming
• Outdoor Vertical Farming
By Crop, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.
• Tomatoes
• Lettuce
• Leafy Greens (excluding lettuce)
• Bell & Chili Peppers
• Herbs
• Strawberry
• Other Crops
Geographically, the following regions together with the listed national/local markets are fully investigated:
• North America (U.S., Canada, and Mexico)
• Europe (Germany, UK, France, Spain, Italy, Netherlands, Rest of Europe; Rest of Europe is further segmented into Russia, Switzerland, Poland, Sweden, Belgium, Austria, Ireland, Norway, Denmark, and Finland)
• APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines)
• South America (Brazil, Chile, Argentina, Rest of South America)
• MEA (UAE，Saudi Arabia， South Africa and Rest of MEA)
For each aforementioned region and country, detailed analysis and data for annual revenue ($ mn) are available for 2022-2032. The breakdown of all regional markets by country and split of each national market by Mechanism, Component and Structure over the forecast years are also included.
The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.
Selected Key Players:
4D Bios, Inc.
AeroFarms
AgriCool
American Hydroponics
Bowery Farming Inc.
Crop One Holdings
Everlight Electronics Co., Ltd.
Freight Farms
Heliospectra AB
Kalera Inc.
OSRAM GmbH.
Plenty Unlimited Inc.
Signify Holding
Sky Greens
SPREAD Co., Ltd.
Urban Crop Solutions
Valoya
Vertical Farm Systems
(Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
1 Introduction 8
1.1 Industry Definition and Research Scope 8
1.1.1 Industry Definition 8
1.1.2 Research Scope 9
1.2 Research Methodology 12
1.2.1 Overview of Market Research Methodology 12
1.2.2 Market Assumption 13
1.2.3 Secondary Data 13
1.2.4 Primary Data 13
1.2.5 Data Filtration and Model Design 14
1.2.6 Market Size/Share Estimation 15
1.2.7 Research Limitations 16
1.3 Executive Summary 17
2 Market Overview and Dynamics 20
2.1 Market Size and Forecast 20
2.1.1 Impact of COVID-19 on World Economy 21
2.1.2 Impact of COVID-19 on the Market 24
2.2 Major Growth Drivers 26
2.3 Market Restraints and Challenges 32
2.4 Emerging Opportunities and Market Trends 35
2.5 Porter's Fiver Forces Analysis 39
3 Segmentation of Global Market by Mechanism 43
3.1 Market Overview by Mechanism 43
3.2 Hydroponics 45
3.3 Aquaponics 46
3.4 Aeroponics 47
4 Segmentation of Global Market by Component 48
4.1 Market Overview by Component 48
4.2 Lighting Devices 50
4.3 Hydroponic Components 52
4.4 Climate Control Devices 53
4.5 Sensing Devices 55
4.6 Irrigation Component 57
4.7 Building Material 59
4.8 Other Components 60
5 Segmentation of Global Market by Structure 62
5.1 Market Overview by Structure 62
5.2 Building-based Structure 64
5.3 Container-based Structure 65
6 Segmentation of Global Market by Application Type 66
6.1 Market Overview by Application Type 66
6.2 Indoor Vertical Farming 68
6.3 Outdoor Vertical Farming 69
7 Segmentation of Global Market by Crop 70
7.1 Market Overview by Crop 70
7.2 Tomatoes 72
7.3 Lettuce 73
7.4 Leafy Greens (excluding lettuce) 74
7.5 Bell & Chili Peppers 75
7.6 Herbs 76
7.7 Strawberry 77
7.8 Other Crops 78
8 Segmentation of Global Market by Region 79
8.1 Geographic Market Overview 2022-2032 79
8.2 North America Market 2022-2032 by Country 84
8.2.1 Overview of North America Market 84
8.2.2 U.S. 88
8.2.3 Canada 91
8.2.4 Mexico 94
8.3 European Market 2022-2032 by Country 96
8.3.1 Overview of European Market 96
8.3.2 Germany 100
8.3.3 U.K. 102
8.3.4 France 104
8.3.5 Spain 106
8.3.6 Italy 108
8.3.7 Netherlands 110
8.3.8 Rest of European Market 112
8.4 Asia-Pacific Market 2022-2032 by Country 114
8.4.1 Overview of Asia-Pacific Market 114
8.4.2 Japan 118
8.4.3 China 121
8.4.4 Australia 123
8.4.5 India 125
8.4.6 South Korea 127
8.4.7 Rest of APAC Region 129
8.5 South America Market 2022-2032 by Country 131
8.5.1 Argentina 134
8.5.2 Brazil 136
8.5.3 Chile 138
8.5.4 Rest of South America Market 140
8.6 MEA Market 2022-2032 by Country 141
8.6.1 UAE 144
8.6.2 Saudi Arabia 146
8.6.3 South Africa 148
8.6.4 Other National Markets 150
9 Competitive Landscape 151
9.1 Overview of Key Vendors 151
9.2 New Product Launch, Partnership, Investment, and M&A 154
9.3 Company Profiles 155
4D Bios, Inc. 155
AeroFarms 157
AgriCool 158
American Hydroponics 159
Bowery Farming Inc. 160
Crop One Holdings 161
Everlight Electronics Co., Ltd. 162
Freight Farms 163
Heliospectra AB 164
Kalera Inc. 165
OSRAM GmbH. 166
Plenty Unlimited Inc. 167
Signify Holding 168
Sky Greens 169
SPREAD Co., Ltd. 170
Urban Crop Solutions 171
Valoya 172
Vertical Farm Systems 173
RELATED REPORTS 174
The Medical Vertical Model Market is set to witness immense growth during the forecast period 2024-2031. This intelligence report offers an in-depth analysis of the market size, share, growth, opportunity, competitive landscape, manufacturer...
Market Overview
The Asia Pacific Vertical Farming Market is poised for substantial growth from 2024 to 2034, driven by the need for sustainable agriculture solutions, urbanization, and technological advancements in farming methods. The market is projected to achieve a valuation of USD X...
Market Overview
The Europe Vertical Farming Market is projected to witness substantial growth over the next decade, driven by advancements in farming technology, increasing demand for sustainable agricultural practices, and the rising need for food security. The market is expected to re...
Market Overview
The North America Vertical Farming Market is expected to witness substantial growth from 2024 to 2034, driven by technological advancements, increasing urbanization, and a growing emphasis on sustainable agriculture. By 2034, the market is projected to achieve a valuatio...
Market Overview
The Global Vertical Farming Market is poised for significant growth over the next decade, driven by the increasing demand for sustainable agricultural practices, urbanization, and advancements in farming technologies. In 2024, the market is valued at USD XX.XX billion, a...
Market Overview
The Asia Pacific Facility Management Market is poised for substantial growth from 2024 to 2034, driven by the increasing complexity of facility operations and the rising demand for integrated management solutions. The market is expected to reach USD XX.XX billion by 2034...
Market Overview
The Europe Facility Management Market is set to experience substantial growth from 2024 to 2034, driven by increasing demand for efficient management services across various industries. The market is projected to reach USD XX.XX billion by 2034, growing at a compound ann...
Market Overview
The North America Facility Management Market is poised for significant growth between 2024 and 2034, driven by increasing demand for efficient management solutions across various sectors. By 2034, the market is expected to reach USD XX.XX billion, up from USD XXX.XX bill...
Market Overview
The Global Facility Management Market is projected to witness significant growth from 2024 to 2034, driven by the increasing complexity of business operations and the need for efficient management of facilities. Valued at USD XX.XX billion in 2024, the market is expected...
The Farming Solar Powered Robot Market is set to witness immense growth during the forecast period 2024-2031. This intelligence report offers an in-depth analysis of the market size, share, growth, opportunity, competitive landscape, manufac...