Vertical Farming Market by Growth Mechanism (Aeroponics, Aquaponics, Hydroponics), Offering (Climate Control, Hydroponics Components, Lighting), Crop Type, Structure - Global Forecast 2024-2030

Vertical Farming Market by Growth Mechanism (Aeroponics, Aquaponics, Hydroponics), Offering (Climate Control, Hydroponics Components, Lighting), Crop Type, Structure - Global Forecast 2024-2030


The Vertical Farming Market size was estimated at USD 5.03 billion in 2023 and expected to reach USD 6.20 billion in 2024, at a CAGR 24.67% to reach USD 23.56 billion by 2030.

Vertical farming is an innovative agricultural practice that involves cultivating plants in vertically-stacked layers or inclined surfaces, primarily in urban areas. This method enables efficient space utilization and year-round production of fresh crops with minimal environmental impact. The market serves a wide range of end-users, including retail customers, restaurants, supermarkets, and institutions such as schools and hospitals. The vertical farming market is witnessing rapid growth due to various factors such as urbanization, sustainability, food security, and technological advancements. The integration of hydroponic and aeroponic systems with IoT allows for precise resource management in vertical farms. Furthermore, opportunities like automation technologies, farm-as-a-service (FaaS) business models, and incorporating vertical farming into urban planning can boost the industry's growth. However, certain challenges may hinder the expansion of the vertical farming market. These include high initial investments required for setting up state-of-the-art facilities; limited crop variety suitable for this type of farming; substantial energy consumption due to artificial lighting and temperature control systems; and consumer skepticism about produce quality grown through unconventional methods. To capitalize on growth opportunities and address these limitations, businesses should focus on developing cost-effective technologies that lower entry barriers; expanding research efforts to cultivate a wider variety of crops in vertical farms; exploring alternative energy sources such as solar power or biogas; and engaging in educational campaigns to inform consumers about the benefits of vertical farming practices.

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1. Preface
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders
2. Research Methodology
2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update
3. Executive Summary
4. Market Overview
5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers
5.1.1.1. Growing urbanization and increasing population leading to imbalances in food demand and supply
5.1.1.2. Increased adoption of vertical farming leads to the reduced environmental impact due to the agriculture
5.1.1.3. Adoption of stabilized farming techniques independent of climate condition
5.1.2. Restraints
5.1.2.1. High initial investment coupled with significant energy consumption
5.1.3. Opportunities
5.1.3.1. Adoption of advancements in agricultural technique and use of innovative technologies in vertical farming
5.1.3.2. Proliferation of IoT and rapid development in precision farming technologies
5.1.4. Challenges
5.1.4.1. Lack of technical expertise and limited crop cultivation
5.2. Market Segmentation Analysis
5.2.1. Growth Mechanisms: Hydroponics has been more extensively researched and implemented on larger scales of offer improved results
5.2.2. Offering: Innovation in the lighting technology ensures improved plant growth by providing uniform lighting
5.2.3. Crop Type: Vegetables and herbs grown in vertical farming offers a maximum revenue while maintaining eco friendly agricultural practices
5.2.4. Structure: Building-based vertical farms cater to higher-demand with increased urbanizations and sustainable cultivation
5.3. Market Trend Analysis
5.4. Cumulative Impact of Russia-Ukraine Conflict
5.5. Cumulative Impact of High Inflation
5.6. Porter’s Five Forces Analysis
5.6.1. Threat of New Entrants
5.6.2. Threat of Substitutes
5.6.3. Bargaining Power of Customers
5.6.4. Bargaining Power of Suppliers
5.6.5. Industry Rivalry
5.7. Value Chain & Critical Path Analysis
5.8. Regulatory Framework Analysis
5.9. Client Customization
5.9.1. Value Chain Analysis
5.9.2. Patent Analysis
6. Vertical Farming Market, by Growth Mechanism
6.1. Introduction
6.2. Aeroponics
6.3. Aquaponics
6.4. Hydroponics
7. Vertical Farming Market, by Offering
7.1. Introduction
7.2. Climate Control
7.3. Hydroponics Components
7.4. Lighting
7.5. Sensors
8. Vertical Farming Market, by Crop Type
8.1. Introduction
8.2. Flowers & Ornamentals
8.3. Fruit, Vegetable & Herbs
9. Vertical Farming Market, by Structure
9.1. Introduction
9.2. Building-Based Vertical Farms
9.3. Shipping Container Vertical Farms
10. Americas Vertical Farming Market
10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States
11. Asia-Pacific Vertical Farming Market
11.1. Introduction
11.2. Australia
11.3. China
11.4. India
11.5. Indonesia
11.6. Japan
11.7. Malaysia
11.8. Philippines
11.9. Singapore
11.10. South Korea
11.11. Taiwan
11.12. Thailand
11.13. Vietnam
12. Europe, Middle East & Africa Vertical Farming Market
12.1. Introduction
12.2. Denmark
12.3. Egypt
12.4. Finland
12.5. France
12.6. Germany
12.7. Israel
12.8. Italy
12.9. Netherlands
12.10. Nigeria
12.11. Norway
12.12. Poland
12.13. Qatar
12.14. Russia
12.15. Saudi Arabia
12.16. South Africa
12.17. Spain
12.18. Sweden
12.19. Switzerland
12.20. Turkey
12.21. United Arab Emirates
12.22. United Kingdom
13. Competitive Landscape
13.1. Market Share Analysis, 2023
13.2. FPNV Positioning Matrix, 2023
13.3. Competitive Scenario Analysis
13.3.1. CubicFarm Systems Corp. Announces Final Commissioning and Launch of Vertical Acres Farm in Indiana
13.3.2. Onepointone And Vertical Green Farming Announce Strategic Partnership For The Expansion Of Vertical Farming Solutions In Europe, The Middle East, And America
13.3.3. Siemens And 80 Acres Farms Announce Vertical Farming Collaboration
14. Competitive Portfolio
14.1. Key Company Profiles
14.2. Key Product Portfolio
FIGURE 1. VERTICAL FARMING MARKET RESEARCH PROCESS
FIGURE 2. VERTICAL FARMING MARKET SIZE, 2023 VS 2030
FIGURE 3. GLOBAL VERTICAL FARMING MARKET SIZE, 2018-2030 (USD MILLION)
FIGURE 4. GLOBAL VERTICAL FARMING MARKET SIZE, BY REGION, 2023 VS 2030 (%)
FIGURE 5. GLOBAL VERTICAL FARMING MARKET SIZE, BY REGION, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 6. VERTICAL FARMING MARKET DYNAMICS
FIGURE 7. GLOBAL VERTICAL FARMING MARKET SIZE, BY GROWTH MECHANISM, 2023 VS 2030 (%)
FIGURE 8. GLOBAL VERTICAL FARMING MARKET SIZE, BY GROWTH MECHANISM, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 9. GLOBAL VERTICAL FARMING MARKET SIZE, BY OFFERING, 2023 VS 2030 (%)
FIGURE 10. GLOBAL VERTICAL FARMING MARKET SIZE, BY OFFERING, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 11. GLOBAL VERTICAL FARMING MARKET SIZE, BY CROP TYPE, 2023 VS 2030 (%)
FIGURE 12. GLOBAL VERTICAL FARMING MARKET SIZE, BY CROP TYPE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 13. GLOBAL VERTICAL FARMING MARKET SIZE, BY STRUCTURE, 2023 VS 2030 (%)
FIGURE 14. GLOBAL VERTICAL FARMING MARKET SIZE, BY STRUCTURE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 15. AMERICAS VERTICAL FARMING MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 16. AMERICAS VERTICAL FARMING MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 17. UNITED STATES VERTICAL FARMING MARKET SIZE, BY STATE, 2023 VS 2030 (%)
FIGURE 18. UNITED STATES VERTICAL FARMING MARKET SIZE, BY STATE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 19. ASIA-PACIFIC VERTICAL FARMING MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 20. ASIA-PACIFIC VERTICAL FARMING MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 21. EUROPE, MIDDLE EAST & AFRICA VERTICAL FARMING MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 22. EUROPE, MIDDLE EAST & AFRICA VERTICAL FARMING MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 23. VERTICAL FARMING MARKET SHARE, BY KEY PLAYER, 2023
FIGURE 24. VERTICAL FARMING MARKET, FPNV POSITIONING MATRIX, 2023

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