Vertical Farming Market Size, Share & Trends Analysis Report By Component (Hardware, Software, Services), By Growing Mechanism (Aeroponics, Hydroponics, Aquaponics), By Crop Category, By Structure, By Region, And Segment Forecasts, 2025 - 2033

Vertical Farming Market Summary

The global vertical farming market size was estimated at USD 8.15 billion in 2024 and is projected to reach USD 49.25 billion by 2033, growing at a CAGR of 22.6% from 2025 to 2033, driven by the increasing need for sustainable agricultural practices in urban areas, alongside rapid technological progress in IoT, AI, and hydroponics.

The decline in available arable land, adverse impacts of climate change, and the pressures of rising urban population density are also major contributors to this expansion. Rapid urbanization is reducing the availability of arable land, prompting the need for innovative farming solutions. Vertical farming offers a method to cultivate crops in urban environments, utilizing vertical spaces such as warehouses and rooftops, thereby conserving valuable land resources. This approach is particularly pertinent in densely populated regions where traditional agriculture is increasingly untenable.

Traditional farming methods are highly susceptible to climatic variations, leading to inconsistent crop yields. Vertical farming mitigates these risks by providing a controlled environment, ensuring stable production regardless of external weather conditions. Moreover, it employs sustainable practices that reduce water usage and eliminate the need for pesticides, aligning with global sustainability goals.

The integration of technologies such as hydroponics, aeroponics, and automation has significantly enhanced the efficiency of vertical farming. These innovations enable precise control over growing conditions, leading to higher yields and reduced resource consumption. For instance, in March 2025, BrightFarms Inc. announced expansion of its greenhouse in Macon, Georgia. Spanning 1.5 million square feet when completed, this state-of-the-art facility will be the most advanced greenhouse in Georgia. It is designed to meet the increasing demand for locally grown produce in the Southeast. Once fully operational, the Macon greenhouse strengthens regional food security by providing fresh greens within 24 hours of harvest. Automation further reduces labor costs and increases scalability, making vertical farming a more viable option for widespread adoption.

Global Vertical Farming Market Report Segmentation

This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, Grand View Research has segmented the global vertical farming market report based on component, growing mechanism, crop category, structure, and region.

• Component Outlook (Revenue, USD Billion, 2021 - 2033)
• Hardware
• Lighting
• Hydroponic components
• Climate control
• Sensors
• Software
• Services
• System Integration & Consulting
• Managed Services
• Assisted Professional Services
• Growing Mechanism Outlook (Revenue, USD Billion, 2021 - 2033)
• Aeroponics
• Hydroponics
• Aquaponics
• Crop Category Outlook (Revenue, USD Billion, 2021 - 2033)
• Fruits Vegetables, & Herbs
• Tomato
• Lettuce
• Bell & Chili Peppers
• Strawberry
• Cucumber
• Leafy Greens
• Herbs
• Others
• Flowers & Ornamentals
• Perennials
• Annuals
• Ornamentals
• Others
• Structure Outlook (Revenue, USD Billion, 2021 - 2033)
• Shipping container
• Building based
• Regional Outlook (Revenue, USD Billion, 2021 - 2033)
• North America
• U.S.
• Canada
• Mexico
• Europe
• UK
• Germany
• France
• Asia Pacific
• China
• India
• Japan
• South Korea
• Australia
• Latin America
• Brazil
• Middle East & Africa
• UAE
• Saudi Arabia
• South Africa

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