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Vertical Farming Market

Publisher Evolve Business Intelligence
Published Apr 14, 2025
SKU # EVBI19932055

Description

The Vertical Farming Market is projected to reach USD 40.46 billion by 2033, up from USD 5.05 billion in 2023, reflecting a robust compound annual growth rate (CAGR) of 24.61% over the period. This market encompasses the cultivation of crops in vertically stacked layers or structures, often within controlled indoor environments. Vertical farming employs advanced techniques such as hydroponics, aeroponics, and aquaponics, enabling the growth of a diverse array of produce without reliance on traditional soil-based methods. This innovative approach to agriculture is driving significant growth and expansion in the sector.

The latest research report by Evolve Business Intelligence explores the various factors influencing the global market. It includes an analysis of the current market size, forecasts for key segments and regions, and the driving forces behind market growth. The report examines the potential impacts of key trends on business strategies and provides a SWOT analysis of critical sectors for each major competitor and customer group. This valuable data highlights the conglomerates likely to impact the industry, crucial for any company planning to invest strategically over the next five years. These insights complement our initial quantitative study, aiding in new investments and strategic planning to mitigate threats in existing sectors.

Segments covered

By Growth Mechanism (Hydroponics, Aeroponics, and Aquaponics)
By Component Type (Lighting, Sensor, Climate Control, Building Material, Irrigation Component, Others)
By Type of Crop (Tomatoes, Broccoli, Lettuce, Strawberries, Spinach, and Others)
By Structure Type (Building Type Vertical Farms and Container Type Vertical Farms)

Key players

AeroFarms LLC
Sky Greens
Agrilution
American Hydroponics
Urban Crops
Vertical Farm Systems
Everlight Electronics Co. Ltd.
Hort Americas
4D Bios Inc.
Signify

Table of Contents

CHAPTER 1. Executive Summary
CHAPTER 2. Scope of the Study
2.1. Market Definition
2.2. Market Scope & Segmentation
2.2.1. Objective of Report
CHAPTER 3. Evolve BI Methodology
3.1. Data Collection & Validation Approach
3.2. Market Size Estimation and Forecast
CHAPTER 4. Exclusive Analysis
4.1. Market Opportunity Score
4.1.1. Growth Mechanism Segement – Market Opportunity Score
4.1.2. Component Type Segment – Market Opportunity Score
4.1.3. Crop Type Segment – Market Opportunity Score
4.1.4. Structure Type Segment – Market Opportunity Score
4.2. Key Market Influencing Indicators
CHAPTER 5. Market Insights and Trends
5.1. Value Chain Analysis
5.1.1. Raw Material
5.1.2. Manufacturing Process
5.1.3. Distribution Channel
5.1.4. End User
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining Power of Buyers
5.2.2. Bargaining Power of Suppliers
5.2.3. Threat of New Entrant
5.2.4. Threat of Substitute
5.2.5. Industry Rivalry
5.3. COVID-19 Impact and Post COVID Scenario on Global Vertical Farming Market
5.3.1. Impact of COVID-19
5.3.2. Government Support and Industry Revival Policies
5.3.3. Measures Taken by Companies to Mitigate Negative Impact
5.3.4. Post COVID Trend
CHAPTER 6. MArket Dynamics
6.1. Introduction
6.2. Drivers
6.2.1. Driver 1
6.2.2. Driver 2
6.2.3. Driver 3
6.3. Restraints
6.3.1. Restraint 1
6.3.2. Restraint 2
6.4. Opportunity
6.4.1. Opportunity 1
CHAPTER 7. Global Vertical Farming Market, By Growth Mechanism
7.1. Introduction
7.1.1. Hydroponics
7.1.2 Aeroponics
7.1.3. Aquaponics
CHAPTER 8. Global Vertical Farming Market, By Component Type
8.1. Introduction
8.1.1. Lighting,
8.1.2. Sensor
8.1.3 Climate Control
8.1.4 Building Material
8.1.5 Irrigation Component
8.1.6 Others
CHAPTER 9. Global Vertical Farming Market, By Crop Type
9.1. Introduction
9.1.1. Tomatoes
9.1.2. Broccoli
9.1.3. Lettuce
9.1.4 Strawberries
9.1.5 Spinach
9.1.6 Others
CHAPTER 10. Global Vertical Farming Market, By Structure Type
10.1.Introduction
10.1.1. Building Type Vertical Farms
10.1.2. Container Type Vertical Farms
CHAPTER 11. Global Vertical Farming Market, By Region
11.1. Introduction
11.2. NORTH AMERICA
11.2.1. North America: Market Size and Forecast, By Country, 2023 – 2033 ($ Million)
11.2.2. North America: Market Size and Forecast, By Growth Mechanism, 2023 – 2033 ($ Million)
11.2.3. North America: Market Size and Forecast, By Component Type, 2023 – 2033 ($ Million)
11.2.4. North America: Market Size and Forecast, By Crop Type, 2023 – 2033 ($ Million)
11.2.5. North America: Market Size and Forecast, By Structure Type, 2023 – 2033 ($ Million)
11.2.6. US
11.2.6.1. US: Market Size and Forecast, By Growth Mechanism, 2023 – 2033 ($ Million)
11.2.6.2. US: Market Size and Forecast, By Component Type, 2023 – 2033 ($ Million)
11.2.6.3. US: Market Size and Forecast, By Crop Type, 2023 – 2033 ($ Million)
11.2.6.4. US: Market Size and Forecast, By Structure Type, 2023 – 2033 ($ Million)
11.2.7. CANADA
11.2.7.1. Canada: Market Size and Forecast, By Growth Mechanism, 2023 – 2033 ($ Million)
11.2.7.2. Canada: Market Size and Forecast, By Component Type, 2023 – 2033 ($ Million)
11.2.7.3. Canada: Market Size and Forecast, By Crop Type, 2023 – 2033 ($ Million)
11.2.7.4. Canada: Market Size and Forecast, By Structure Type, 2023 – 2033 ($ Million)
11.2.8. MEXICO
11.2.8.1. Mexico: Market Size and Forecast, By Growth Mechanism, 2023 – 2033 ($ Million)
11.2.8.2. Mexico: Market Size and Forecast, By Component Type, 2023 – 2033 ($ Million)
11.2.8.3. Mexico: Market Size and Forecast, By Crop Type, 2023 – 2033 ($ Million)
11.2.8.4. Mexico: Market Size and Forecast, By Structure Type, 2023 – 2033 ($ Million)
11.3. Europe
11.3.1. Europe: Market Size and Forecast, By Country, 2023 – 2033 ($ Million)
11.3.2. Europe: Market Size and Forecast, By Growth Mechanism, 2023 – 2033 ($ Million)
11.3.3. Europe: Market Size and Forecast, By Component Type, 2023 – 2033 ($ Million)
11.3.4. Europe: Market Size and Forecast, By Crop Type, 2023 – 2033 ($ Million)
11.3.5. Europe: Market Size and Forecast, By Structure Type, 2023 – 2033 ($ Million)
11.3.6. U.K.
11.3.6.1. U.K.: Market Size and Forecast, By Growth Mechanism, 2023 – 2033 ($ Million)
11.3.6.2. U.K.: Market Size and Forecast, By Component Type, 2023 – 2033 ($ Million)
11.3.6.3. U.K.: Market Size and Forecast, By Crop Type, 2023 – 2033 ($ Million)
11.3.6.4. U.K.: Market Size and Forecast, By Structure Type, 2023 – 2033 ($ Million)
11.3.7. GERMANY
11.3.7.1. Germany: Market Size and Forecast, By Growth Mechanism, 2023 – 2033 ($ Million)
11.3.7.2. Germany: Market Size and Forecast, By Component Type, 2023 – 2033 ($ Million)
11.3.7.3. Germany: Market Size and Forecast, By Crop Type, 2023 – 2033 ($ Million)
11.3.7.4. Germany: Market Size and Forecast, By Structure Type, 2023 – 2033 ($ Million)
11.3.8. FRANCE
11.3.8.1. France: Market Size and Forecast, By Growth Mechanism, 2023 – 2033 ($ Million)
11.3.8.2. France: Market Size and Forecast, By Component Type, 2023 – 2033 ($ Million)
11.3.8.3. France: Market Size and Forecast, By Crop Type, 2023 – 2033 ($ Million)
11.3.8.4. France: Market Size and Forecast, By Structure Type, 2023 – 2033 ($ Million)
11.3.9. ITALY
11.3.9.1. Italy: Market Size and Forecast, By Growth Mechanism, 2023 – 2033 ($ Million)
11.3.9.2. Italy: Market Size and Forecast, By Component Type, 2023 – 2033 ($ Million)
11.3.9.3. Italy: Market Size and Forecast, By Crop Type, 2023 – 2033 ($ Million)
11.3.9.4. Italy: Market Size and Forecast, By Structure Type, 2023 – 2033 ($ Million)
11.3.10. SPAIN
11.3.10.1. Spain: Market Size and Forecast, By Growth Mechanism, 2023 – 2033 ($ Million)
11.3.10.2. Spain: Market Size and Forecast, By Component Type, 2023 – 2033 ($ Million)
11.3.10.3. Spain: Market Size and Forecast, By Crop Type, 2023 – 2033 ($ Million)
11.3.10.4. Spain: Market Size and Forecast, By Structure Type, 2023 – 2033 ($ Million)
11.3.11. BENELUX
11.3.11.1. BeNeLux: Market Size and Forecast, By Growth Mechanism, 2023 – 2033 ($ Million)
11.3.11.2. BeNeLux: Market Size and Forecast, By Component Type, 2023 – 2033 ($ Million)
11.3.11.3. BeNeLux: Market Size and Forecast, By Crop Type, 2023 – 2033 ($ Million)
11.3.11.4. BeNeLux: Market Size and Forecast, By Structure Type, 2023 – 2033 ($ Million)
11.3.12. RUSSIA
11.3.12.1. Russia: Market Size and Forecast, By Growth Mechanism, 2023 – 2033 ($ Million)
11.3.12.2. Russia: Market Size and Forecast, By Component Type, 2023 – 2033 ($ Million)
11.3.12.3. Russia: Market Size and Forecast, By Crop Type, 2023 – 2033 ($ Million)
11.3.12.4. Russia: Market Size and Forecast, By Structure Type, 2023 – 2033 ($ Million)
11.3.13. REST OF EUROPE
11.3.13.1. Rest of Europe: Market Size and Forecast, By Growth Mechanism, 2023 – 2033 ($ Million)
11.3.13.2. Rest of Europe: Market Size and Forecast, By Component Type, 2023 – 2033 ($ Million)
11.3.13.3. Rest of Europe: Market Size and Forecast, By Crop Type, 2023 – 2033 ($ Million)
11.3.13.4. Rest of Europe: Market Size and Forecast, By Structure Type, 2023 – 2033 ($ Million)
11.4. Asia Pacific
11.4.1. Asia Pacific: Market Size and Forecast, By Country, 2023 – 2033 ($ Million)
11.4.2. Asia Pacific: Market Size and Forecast, By Growth Mechanism, 2023 – 2033 ($ Million)
11.4.3. Asia Pacific: Market Size and Forecast, By Component Type, 2023 – 2033 ($ Million)
11.4.4. Asia Pacific: Market Size and Forecast, By Crop Type, 2023 – 2033 ($ Million)
11.4.5. Asia Pacific: Market Size and Forecast, By Structure Type, 2023 – 2033 ($ Million)
11.4.6. CHINA
11.4.6.1. China: Market Size and Forecast, By Growth Mechanism, 2023 – 2033 ($ Million)
11.4.6.2. China: Market Size and Forecast, By Component Type, 2023 – 2033 ($ Million)
11.4.6.3. China: Market Size and Forecast, By Crop Type, 2023 – 2033 ($ Million)
11.4.6.4. China: Market Size and Forecast, By Structure Type, 2023 – 2033 ($ Million)
11.4.7. JAPAN
11.4.7.1. Japan: Market Size and Forecast, By Growth Mechanism, 2023 – 2033 ($ Million)
11.4.7.2. Japan: Market Size and Forecast, By Component Type, 2023 – 2033 ($ Million)
11.4.7.3. Japan: Market Size and Forecast, By Crop Type, 2023 – 2033 ($ Million)
11.4.7.4. Japan: Market Size and Forecast, By Structure Type, 2023 – 2033 ($ Million)
11.4.8. INDIA
11.4.8.1. India: Market Size and Forecast, By Growth Mechanism, 2023 – 2033 ($ Million)
11.4.8.2. India: Market Size and Forecast, By Component Type, 2023 – 2033 ($ Million)
11.4.8.3. India: Market Size and Forecast, By Crop Type, 2023 – 2033 ($ Million)
11.4.8.4. India: Market Size and Forecast, By Structure Type, 2023 – 2033 ($ Million)
11.4.9. SOUTH KOREA
11.4.9.1. South Korea: Market Size and Forecast, By Growth Mechanism, 2023 – 2033 ($ Million)
11.4.9.2. South Korea: Market Size and Forecast, By Component Type, 2023 – 2033 ($ Million)
11.4.9.3. South Korea: Market Size and Forecast, By Crop Type, 2023 – 2033 ($ Million)
11.4.9.4. South Korea: Market Size and Forecast, By Structure Type, 2023 – 2033 ($ Million)
11.4.10. THAILAND
11.4.10.1. Thailand: Market Size and Forecast, By Growth Mechanism, 2023 – 2033 ($ Million)
11.4.10.2. Thailand: Market Size and Forecast, By Component Type, 2023 – 2033 ($ Million)
11.4.10.3. Thailand: Market Size and Forecast, By Crop Type, 2023 – 2033 ($ Million)
11.4.10.4. Thailand: Market Size and Forecast, By Structure Type, 2023 – 2033 ($ Million)
11.4.11. INDONESIA
11.4.11.1. Indonesia: Market Size and Forecast, By Growth Mechanism, 2023 – 2033 ($ Million)
11.4.11.2. Indonesia: Market Size and Forecast, By Component Type, 2023 – 2033 ($ Million)
11.4.11.3. Indonesia: Market Size and Forecast, By Crop Type, 2023 – 2033 ($ Million)
11.4.11.4. Indonesia: Market Size and Forecast, By Structure Type, 2023 – 2033 ($ Million)
11.4.12. MALAYSIA
11.4.12.1. Malaysia: Market Size and Forecast, By Growth Mechanism, 2023 – 2033 ($ Million)
11.4.12.2. Malaysia: Market Size and Forecast, By Component Type, 2023 – 2033 ($ Million)
11.4.12.3. Malaysia: Market Size and Forecast, By Crop Type, 2023 – 2033 ($ Million)
11.4.12.4. Malaysia: Market Size and Forecast, By Structure Type, 2023 – 2033 ($ Million)
11.4.13. AUSTRALIA
11.4.13.1. Australia: Market Size and Forecast, By Growth Mechanism, 2023 – 2033 ($ Million)
11.4.13.2. Australia: Market Size and Forecast, By Component Type, 2023 – 2033 ($ Million)
11.4.13.3. Australia: Market Size and Forecast, By Crop Type, 2023 – 2033 ($ Million)
11.4.13.4. Australia: Market Size and Forecast, By Structure Type, 2023 – 2033 ($ Million)
11.4.14. REST FO ASIA PACIFIC
11.4.14.1. Rest fo Asia Pacific: Market Size and Forecast, By Growth Mechanism, 2023 – 2033 ($ Million)
11.4.14.2. Rest fo Asia Pacific: Market Size and Forecast, By Component Type, 2023 – 2033 ($ Million)
11.4.14.3. Rest fo Asia Pacific: Market Size and Forecast, By Crop Type, 2023 – 2033 ($ Million)
11.4.14.4. Rest fo Asia Pacific: Market Size and Forecast, By Structure Type, 2023 – 2033 ($ Million)
11.5. South America
11.5.1. South America: Market Size and Forecast, By Country, 2023 – 2033 ($ Million)
11.5.2. South America: Market Size and Forecast, By Growth Mechanism, 2023 – 2033 ($ Million)
11.5.3. South America: Market Size and Forecast, By Component Type, 2023 – 2033 ($ Million)
11.5.4. South America: Market Size and Forecast, By Crop Type, 2023 – 2033 ($ Million)
11.5.5. South America: Market Size and Forecast, By Structure Type, 2023 – 2033 ($ Million)
11.5.6. BRAZIL
11.5.6.1. Brazil: Market Size and Forecast, By Growth Mechanism, 2023 – 2033 ($ Million)
11.5.6.2. Brazil: Market Size and Forecast, By Component Type, 2023 – 2033 ($ Million)
11.5.6.3. Brazil: Market Size and Forecast, By Crop Type, 2023 – 2033 ($ Million)
11.5.6.4. Brazil: Market Size and Forecast, By Structure Type, 2023 – 2033 ($ Million)
11.5.7. ARGENTINA
11.5.7.1. Argentina: Market Size and Forecast, By Growth Mechanism, 2023 – 2033 ($ Million)
11.5.7.2. Argentina: Market Size and Forecast, By Component Type, 2023 – 2033 ($ Million)
11.5.7.3. Argentina: Market Size and Forecast, By Crop Type, 2023 – 2033 ($ Million)
11.5.7.4. Argentina: Market Size and Forecast, By Structure Type, 2023 – 2033 ($ Million)
11.5.8. REST OF SOUTH AMERICA
11.5.8.1. Rest of South America: Market Size and Forecast, By Growth Mechanism, 2023 – 2033 ($ Million)
11.5.8.2. Rest of South America: Market Size and Forecast, By Component Type, 2023 – 2033 ($ Million)
11.5.8.3. Rest of South America: Market Size and Forecast, By Crop Type, 2023 – 2033 ($ Million)
11.5.8.4. Rest of South America: Market Size and Forecast, By Structure Type, 2023 – 2033 ($ Million)
11.6. Middle East & Africa
11.6.1. Middle East & Africa: Market Size and Forecast, By Country, 2023 – 2033 ($ Million)
11.6.2. Middle East & Africa: Market Size and Forecast, By Growth Mechanism, 2023 – 2033 ($ Million)
11.6.3. Middle East & Africa: Market Size and Forecast, By Component Type, 2023 – 2033 ($ Million)
11.6.4. Middle East & Africa: Market Size and Forecast, By Crop Type, 2023 – 2033 ($ Million)
11.6.5. Middle East & Africa: Market Size and Forecast, By Structure Type, 2023 – 2033 ($ Million)
11.6.6. SAUDI ARABIA
11.6.6.1. Saudi Arabia: Market Size and Forecast, By Growth Mechanism, 2023 – 2033 ($ Million)
11.6.6.2. Saudi Arabia: Market Size and Forecast, By Component Type, 2023 – 2033 ($ Million)
11.6.6.3. Saudi Arabia: Market Size and Forecast, By Crop Type, 2023 – 2033 ($ Million)
11.6.6.4. Saudi Arabia: Market Size and Forecast, By Structure Type, 2023 – 2033 ($ Million)
11.6.7. UAE
11.6.7.1. UAE: Market Size and Forecast, By Growth Mechanism, 2023 – 2033 ($ Million)
11.6.7.2. UAE: Market Size and Forecast, By Component Type, 2023 – 2033 ($ Million)
11.6.7.3. UAE: Market Size and Forecast, By Crop Type, 2023 – 2033 ($ Million)
11.6.7.4. UAE: Market Size and Forecast, By Structure Type, 2023 – 2033 ($ Million)
11.6.8. EGYPT
11.6.8.1. Egypt: Market Size and Forecast, By Growth Mechanism, 2023 – 2033 ($ Million)
11.6.8.2. Egypt: Market Size and Forecast, By Component Type, 2023 – 2033 ($ Million)
11.6.8.3. Egypt: Market Size and Forecast, By Crop Type, 2023 – 2033 ($ Million)
11.6.8.4. Egypt: Market Size and Forecast, By Structure Type, 2023 – 2033 ($ Million)
11.6.9. SOUTH AFRICA
11.6.9.1. South Africa: Market Size and Forecast, By Growth Mechanism, 2023 – 2033 ($ Million)
11.6.9.2. South Africa: Market Size and Forecast, By Component Type, 2023 – 2033 ($ Million)
11.6.9.3. South Africa: Market Size and Forecast, By Crop Type, 2023 – 2033 ($ Million)
11.6.9.4. South Africa: Market Size and Forecast, By Structure Type, 2023 – 2033 ($ Million)
11.6.10. REST OF MIDDLE EAST & AFRICA
11.6.10.1. Rest of Middle East & Africa: Market Size and Forecast, By Growth Mechanism, 2023 – 2033 ($ Million)
11.6.10.2. Rest of Middle East & Africa: Market Size and Forecast, By Component Type, 2023 – 2033 ($ Million)
11.6.10.3. Rest of Middle East & Africa: Market Size and Forecast, By Crop Type, 2023 – 2033 ($ Million)
11.6.10.4. Rest of Middle East & Africa: Market Size and Forecast, By Structure Type, 2023 – 2033 ($ Million)
CHAPTER 12. Competitive Landscape
12.1. Competitior Benchmarking 2023
12.2. Market Share Analysis
12.3. Key Developments Analysis By Top 5 Companies
12.4. Market Share Acquisition Strategies: Analysis of Key Approaches Employed by Top Players
CHAPTER 13. Company Profiles
13.1. AeroFarms LLC
13.1.1. Business Overview
13.1.2. Financial Analysis
13.1.2.1. Business Segment Revenue, 2018, 2019, 2020, $ Million
13.1.2.2. Geographic Revenue Mix, 2020 (% Share)
13.1.3. Product Portfolio
13.1.4. Recent Development and Strategies Adopted
13.1.5. SWOT Analysis
13.2. Sky Greens
13.3. Agrilution
13.4. American Hydroponics
13.5. Urban Crops
13.6. Vertical Farm Systems
13.7. Everlight Electronics Co. Ltd.
13.8. Hort Americas
13.9. 4D Bios Inc.
13.10. Signify

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