Vertical Farming Market with COVID-19 Impact Analysis by Growth Mechanism (Hydroponics, Aeroponics, and Aquaponics), Structure (Building Based and Shipping Container), Offering, Crop Type, and Region - Global Forecast to 2025

Vertical Farming Market with COVID-19 Impact Analysis by Growth Mechanism (Hydroponics, Aeroponics, and Aquaponics), Structure (Building Based and Shipping Container), Offering, Crop Type, and Region - Global Forecast to 2025

“The vertical farming market is projected to grow at a CAGR of 20.2% from 2020 to 2025.”
The vertical farming market is projected to reach USD 7.3 billion by 2025 from USD 2.9 billion in 2020; it is expected to grow at a CAGR of 20.2% during the forecast period. The vertical farming market in APAC is projected to grow at the highest CAGR during the forecast period. Countries such as China, Japan, and Singapore are major contributors to the growth of the vertical farming market in APAC. The growth prospective of the vertical farming market in APAC is promising with a steady growth rate in the near future. The COVID—19 pandemic has affected the market in APAC, however, a steady recovery by 2021 is expected with the significant investments and government support. The major restraints for the growth of the market are lack of skilled workforce and technical know-how, and limited crop range; and high initial investments. Maintenance of air circulation in a vertical farm, and vertical farming on a large scale act as major challenges for the growth of the market.

“Hydroponics segment projected to hold the largest share of the vertical farming market during the forecast period.”
Hydroponics mechanism is easier to set up, has a higher return on investments (RoI), and incur less cost than other mechanisms. With maximum amount of water recycled with minimal wastage, hydroponics is the most water-efficient method of farming. On the contrary, aeroponics requires a high initial investment and plants can die in just a few hours due to malfunctioning or failure of mist spraying nozzles. As hydroponics provides more advantages than other mechanisms it is used widely by commercial growers.

“Among structure, the shipping container vertical farms segment to grow at a higer CAGR between 2020 and 2025.”
The vertical farming market is largely dominated by the building-based vertical farms segment as leading companies in the market are involved in this type of farming. However, the market for shipping container-based vertical farms is likely to register a higher CAGR as it is a ready-to-use (plug and play model) solution that can help to cater to the rising demand for fresh and high-quality produce. A shipping container-based vertical farm is ideal for serving a small base of consumer, nevertheless, can be ineffective and costly to serve a larger consumer base. Shipping container-based vertical farms are flexible, easy to operate, and portable. The rising demand for fresh produce is expected to create notable growth opportunities for this segment in the next few years.

“Lighting to hold the largest share of the vertical farming hardware market during the forecast period.”
Sunlight is a vital resource in traditional farming. However, vertical farming highly depends on artificial lights. Artificial light acts as a substitute for the sunlight and is required to provide sufficient light intensities that enable crop growth. The amount and duration of the light are the main aspects considered while providing lighting for plants. Lights either provide a light spectrum like that of the sun or a spectrum that caters to the needs of the plants. Outdoor lighting conditions can be created with varying colors, temperatures, and spectral outputs from the grow lights, as well as varying the intensity output of the lamps.

“APAC projected to hold the largest share of the vertical farming market in 2025.”
APAC is the base to numerous small and large vertical farms operating in different countries of the region. Countries in APAC are densely populated, and the number is increasing exponentially. This certainly creates a demand to have a substitute for conventional farming as it lacks the capacity to serve the growing population. Vertical farming reduces the dependency on field farming and aids in avoiding the need for new farmland due to the increasing need for food. Countries such as China, Singapore, Hong Kong, South Korea, and Japan are technologically equipped, complementing the growth opportunities for the vertical farming market. The growth of the vertical farming market in this region can also be attributed to the increasing awareness about alternative farming methods and limited agricultural fertile land.

Breakdown of profiles of primary participants:
By Company Type: Tier 1 = 40%, Tier 2 = 45%, and Tier 3 = 15%
By Designation: C-level Executives = 40%, Directors = 30%, and Others = 30%
By Region: North America = 20%, Europe = 35%, APAC = 30%, and RoW = 15%

Signify (Netherlands), Osram (Germany), Freight Farms (US), AeroFarms (US), Sky Greens (Singapore), Spread Co., Ltd. (Japan), Plenty (US), Valoya (Finland), Everlight Electronics Co., Ltd. (Taiwan), and Heliospectra (Sweden) are a few major players in the vertical farming market.

Research Coverage:
This report segments the vertical farming market based on growth mechanism, structure, crop type, and offering. The report gives a detailed view of the market across 4 main regions: North America, Europe, APAC, and RoW.

Reasons to Buy the Report:
This report includes statistics pertaining to the vertical farming market based on growth mechanism, structure, crop type, offering, and region, along with their respective market sizes
Major drivers, restraints, opportunities, and challenges for the vertical farming market have been provided in detail in this report
The report includes illustrative segmentation, analysis, and forecast for the vertical farming market based on its segments and subsegments.


  • INTRODUCTION
    • STUDY OBJECTIVES
    • MARKET DEFINITION AND SCOPE
      • INCLUSIONS AND EXCLUSIONS
    • STUDY SCOPE
      • MARKETS COVERED
      • YEARS CONSIDERED
    • CURRENCY
    • LIMITATIONS
    • STAKEHOLDERS
    • SUMMARY OF CHANGES
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
      • SECONDARY AND PRIMARY RESEARCH
    • MARKET SIZE ESTIMATION
      • BOTTOM-UP APPROACH
      • TOP-DOWN APPROACH
    • MARKET BREAKDOWN AND DATA TRIANGULATION
    • RESEARCH ASSUMPTIONS
  • EXECUTIVE SUMMARY
    • COVID-19 IMPACT ON VERTICAL FARMING MARKET
  • PREMIUM INSIGHTS
    • ATTRACTIVE OPPORTUNITIES IN VERTICAL FARMING MARKET
    • VERTICAL FARMING MARKET IN APAC, BY GROWTH MECHANISM AND STRUCTURE
    • VERTICAL FARMING MARKET, BY HARDWARE
    • COUNTRY-WISE VERTICAL FARMING MARKET GROWTH RATE
  • MARKET OVERVIEW
    • MARKET DYNAMICS
      • DRIVERS
      • RESTRAINS
      • OPPORTUNITIES
      • CHALLENGES
  • INDUSTRY TRENDS
    • VALUE CHAIN ANALYSIS
    • CASE STUDY ANALYSIS
      • AEROFARMS
        • Table BENEFITS OF IOT DEPLOYMENT FOR INDOOR VERTICAL FARMS THAT USES DATA-DRIVEN INSIGHTS TO INCREASE YIELD, CONSERVE RESOURCES, AND IMPROVE QUALITY OF PRODUCE
      • RIAT
        • Table SIGNIFY'S (NETHERLANDS) LED LIGHTING SOLUTION USED BY RIAT FOR GROWING TOMATOES AND CUCUMBERS IN A VERTICAL FARM
      • AVRIL
        • Table AVRIL INSTALLED A VERTICAL FARM IN THEIR NEW BRANCH
      • KARMA FARM
        • Table KARMA FARM ADDED HYDROPONIC SOLUTION TO ITS TRADITIONAL FARM SOLUTION TO ACHIEVE SUSTAINABILITY
    • REGION-WISE RECENT DEVELOPMENTS IN VERTICAL FARMING MARKET
      • Table DEVELOPMENTS IN NORTH AMERICA
      • Table DEVELOPMENTS IN EUROPE
      • Table DEVELOPMENTS IN APAC
      • Table DEVELOPMENTS IN MIDDLE EAST
    • MARKET MAP
    • TECHNOLOGY ANALYSIS
    • IMPACT OF COVID-19 ON THE VERTICAL FARMING MARKET
      • OVERVIEW AND STATISTICS
      • IMPACT ON VERTICAL FARMING ECOSYSTEM
  • VERTICAL FARMING MARKET, BY GROWTH MECHANISM
    • INTRODUCTION
      • Table VERTICAL FARMING MARKET, BY GROWTH MECHANISM, 2017-2025 (USD MILLION)
    • HYDROPONICS
      • INSTALLATION OF HYDROPONIC MECHANISM IS A SIMPLE AND LOWCOST PROCEDURE
        • Table HYDROPONICS VERTICAL FARMING MARKET, BY REGION, 2017-2025 (USD MILLION)
    • AEROPONICS
      • USE OF PATENTED TECHNOLOGY BY FARMING COMPANIES OFFERS HIGH PRODUCTIVITY
        • Table AEROPONICS VERTICAL FARMING MARKET, BY REGION, 2017-2025 (USD MILLION)
    • AQUAPONICS
      • LESS TO NO USAGE OF CHEMICALS DUE TO LOW SUSCEPTIBILITY TO PESTS AND DISEASES
        • Table AQUAPONICS VERTICAL FARMING MARKET, BY REGION, 2017-2025 (USD MILLION)
  • VERTICAL FARMING MARKET, BY STRUCTURE
    • INTRODUCTION
      • Table VERTICAL FARMING MARKET, BY STRUCTURE, 2017-2025 (USD MILLION)
    • BUILDING-BASED VERTICAL FARMS
      • BUILDING-BASED VERTICAL FARMS ARE PROMINENT VERTICAL FARMING STRUCTURES
        • Table BUIDING-BASED VERTICAL FARMING MARKET, BY REGION, 2017-2025 (USD MILLION)
    • SHIPPING CONTAINER-BASED VERTICAL FARMS
      • EMERGING VERTICAL FARM SOLUTIONS FOR SMALL FARMERS TO DRIVE THE GROWTH OF MARKET
        • Table SHIPPING CONTAINER-BASED VERTICAL FARMING MARKET, BY REGION, 2017-2025 (USD MILLION)
  • VERTICAL FARMING MARKET, BY CROP TYPE
    • INTRODUCTION
      • Table VERTICAL FARMING MARKET, BY CROP TYPE, 2017-2025 (USD MILLION)
    • VEGETABLES
      • LETTUCE IS MOSTLY CULTIVATED THROUGH VERTICAL FARMING ACROSS DIFFERENT COUNTRIES
    • FRUITS
      • INCREASING DEMAND FOR HIGH-QUALITY ORGANIC FRUITS IS PROMOTING THE ADOPTION OF VERTICAL FARMING
        • Table NORTH AMERICA VERTICAL FARMING MARKET, BY CROP TYPE, 2017-2025 (USD MILLION)
        • Table EUROPE VERTICAL FARMING MARKET, BY CROP TYPE, 2017-2025 (USD MILLION)
        • Table APAC VERTICAL FARMING MARKET, BY CROP TYPE, 2017-2025 (USD MILLION)
        • Table ROW VERTICAL FARMING MARKET, BY CROP TYPE, 2017-2025 (USD MILLION)
  • VERTICAL FARMING MARKET, BY OFFERING
    • INTRODUCTION
      • Table VERTICAL FARMING MARKET, BY OFFERING, 2017-2025 (USD MILLION)
      • Table VERTICAL FARMING MARKET, BY HARDWARE, 2017-2025 (USD MILLION)
    • HARDWARE
      • LIGHTING
        • Table VERTICAL FARMING MARKET FOR LIGHTING, BY REGION, 2017-2025 (USD MILLION)
        • Table VERTICAL FARMING MARKET FOR LIGHTING, BY COMPONENT, 2017-2025 (USD MILLION)
        • Table VERTICAL FARMING MARKET FOR LIGHTING FIXTURES, BY REGION, 2017-2025 (USD MILLION)
        • Table VERTICAL FARMING MARKET FOR LIGHTING CONTROLS, BY REGION, 2017-2025 (USD MILLION)
      • HYDROPONICS COMPONENTS
        • Table VERTICAL FARMING MARKET FOR HYDROPONIC COMPONENTS, BY REGION, 2017-2025 (USD MILLION)
      • CLIMATE CONTROL
        • Table VERTICAL FARMING MARKET FOR CLIMATE CONTROL, BY REGION, 2017-2025 (USD MILLION)
      • SENSORS
        • Table VERTICAL FARMING MARKET FOR SENSORS, BY REGION, 2017-2025 (USD MILLION)
    • SOFTWARE
    • SERVICES
  • GEOGRAPHY ANALYSIS
    • INTRODUCTION
      • Table VERTICAL FARMING MARKET, BY REGION, 2017-2025 (USD MILLION)
    • NORTH AMERICA
      • Table NORTH AMERICA VERTICAL FARMING MARKET, BY COUNTRY, 2017-2025 (USD MILLION)
      • Table NORTH AMERICA VERTICAL FARMING MARKET, BY STRUCTURE, 2017-2025 (USD MILLION)
      • Table NORTH AMERICA VERTICAL FARMING MARKET, BY GROWTH MECHANISM, 2017-2025 (USD MILLION)
      • Table NORTH AMERICA LIGHTING MARKET, BY COUNTRY, 2017-2025 (USD MILLION)
      • Table NORTH AMERICA LIGHTING MARKET, BY LIGHTING COMPONENTS, 2017-2025 (USD MILLION)
      • Table NORTH AMERICA HYDROPONIC COMPONENTS MARKET, BY COUNTRY, 2017-2025 (USD MILLION)
      • Table NORTH AMERICA CLIMATE CONTROLS MARKET, BY COUNTRY, 2017-2025 (USD MILLION)
      • Table NORTH AMERICA SENSORS MARKET, BY COUNTRY, 2017-2025 (USD MILLION)
      • US
        • Table US VERTICAL FARMING MARKET, BY STRUCTURE, 2017-2025 (USD MILLION)
        • Table US VERTICAL FARMING MARKET, BY GROWTH MECHANISM, 2017-2025 (USD MILLION)
        • Table US LIGHTING MARKET, BY LIGHTING COMPONENT, 2017-2025 (USD MILLION)
      • CANADA
        • Table CANADIAN VERTICAL FARMING MARKET, BY STRUCTURE, 2017-2025 (USD MILLION)
        • Table CANADIAN VERTICAL FARMING MARKET, BY GROWTH MECHANISM, 2017-2025 (USD MILLION)
        • Table CANADIAN LIGHTING MARKET, BY LIGHTING COMPONENTS, 2017-2025 (USD MILLION)
      • MEXICO
        • Table MEXICAN VERTICAL FARMING MARKET, BY STRUCTURE, 2017-2025 (USD MILLION)
        • Table MEXICAN VERTICAL FARMING MARKET, BY GROWTH MECHANISM, 2017-2025 (USD MILLION)
        • Table MEXICAN LIGHTING MARKET, BY LIGHTING COMPONENTS, 2017-2025 (USD MILLION)
    • EUROPE
      • Table EUROPEAN VERTICAL FARMING MARKET, BY REGION/COUNTRY, 2017-2025 (USD MILLION)
      • Table EUROPEAN VERTICAL FARMING MARKET, BY STRUCTURE, 2017-2025 (USD MILLION)
      • Table EUROPEAN VERTICAL FARMING MARKET, BY GROWTH MECHANISM, 2017-2025 (USD MILLION)
      • Table EUROPEAN LIGHTING MARKET, BY REGION/COUNTRY, 2017-2025 (USD MILLION)
      • Table EUROPEAN LIGHTING MARKET, BY LIGHTING COMPONENTS, 2017-2025 (USD MILLION)
      • Table EUROPEAN HYDROPONIC COMPONENTS MARKET, BY REGION/COUNTRY, 2017-2025 (USD MILLION)
      • Table EUROPEAN CLIMATE CONTROLS MARKET, BY REGION/COUNTRY, 2017-2025 (USD MILLION)
      • Table EUROPEAN SENSORS MARKET, BY REGION/COUNTRY, 2017-2025 (USD MILLION)
      • EU5
        • Table EU5 VERTICAL FARMING MARKET, BY STRUCTURE, 2017-2025 (USD MILLION)
        • Table EU5 VERTICAL FARMING MARKET, BY GROWTH MECHANISM, 2017-2025 (USD MILLION)
        • Table EU5 LIGHTING MARKET, BY LIGHTING COMPONENTS, 2017-2025 (USD MILLION)
      • SCANDINAVIA
        • Table SCANDINAVIAN VERTICAL FARMING MARKET, BY STRUCTURE, 2017-2025 (USD MILLION)
        • Table SCANDINAVIAN VERTICAL FARMING MARKET, BY GROWTH MECHANISM, 2017-2025 (USD MILLION)
        • Table SCANDINAVIAN LIGHTING MARKET, BY LIGHTING COMPONENTS, 2017-2025 (USD MILLION)
      • NETHERLANDS
        • Table NETHERLANDS VERTICAL FARMING MARKET, BY STRUCTURE, 2017-2025 (USD MILLION)
        • Table NETHERLANDS VERTICAL FARMING MARKET, BY GROWTH MECHANISM, 2017-2025 (USD MILLION)
        • Table NETHERLANDS LIGHTING MARKET, BY LIGHTING COMPONENTS, 2017-2025 (USD MILLION)
      • REST OF EUROPE
        • Table REST OF EUROPE VERTICAL FARMING MARKET, BY STRUCTURE, 2017-2025 (USD MILLION)
        • Table REST OF EUROPE VERTICAL FARMING MARKET, BY GROWTH MECHANISM, 2017-2025 (USD MILLION)
        • Table REST OF EUROPE LIGHTING MARKET, BY LIGHTING COMPONENTS, 2017-2025 (USD MILLION)
    • APAC
      • Table APAC VERTICAL FARMING MARKET, BY COUNTRY, 2017-2025 (USD MILLION)
      • Table APAC VERTICAL FARMING MARKET, BY STRUCTURE, 2017-2025 (USD MILLION)
      • Table APAC VERTICAL FARMING MARKET, BY GROWTH MECHANISM, 2017-2025 (USD MILLION)
      • Table APAC LIGHTING MARKET, BY COUNTRY, 2017-2025 (USD MILLION)
      • Table APAC LIGHTING MARKET, BY LIGHTING COMPONENTS, 2017-2025 (USD MILLION)
      • Table APAC HYDROPONIC COMPONENTS MARKET, BY COUNTRY, 2017-2025 (USD MILLION)
      • Table APAC CLIMATE CONTROLS MARKET, BY COUNTRY, 2017-2025 (USD MILLION)
      • Table APAC SENSORS MARKET, BY COUNTRY, 2017-2025 (USD MILLION)
      • CHINA
        • Table CHINESE VERTICAL FARMING MARKET, BY STRUCTURE, 2017-2025 (USD MILLION)
        • Table CHINESE VERTICAL FARMING MARKET, BY GROWTH MECHANISM, 2017-2025 (USD MILLION)
        • Table CHINESE LIGHTING MARKET, BY LIGHTING COMPONENTS, 2017-2025 (USD MILLION)
      • JAPAN
        • Table JAPANESE VERTICAL FARMING MARKET, BY STRUCTURE, 2017-2025 (USD MILLION)
        • Table JAPANESE VERTICAL FARMING MARKET, BY GROWTH MECHANISM, 2017-2025 (USD MILLION)
        • Table JAPANESE LIGHTING MARKET, BY LIGHTING COMPONENTS, 2017-2025 (USD MILLION)
      • SINGAPORE
        • Table SINGAPORE VERTICAL FARMING MARKET, BY STRUCTURE, 2017-2025 (USD MILLION)
        • Table SINGAPORE VERTICAL FARMING MARKET, BY GROWTH MECHANISM, 2017-2025 (USD MILLION)
        • Table SINGAPORE LIGHTING MARKET, BY LIGHTING COMPONENTS, 2017-2025 (USD MILLION)
      • REST OF APAC
        • Table REST OF APAC VERTICAL FARMING MARKET, BY STRUCTURE, 2017-2025 (USD MILLION)
        • Table REST OF APAC VERTICAL FARMING MARKET, BY GROWTH MECHANISM, 2017-2025 (USD MILLION)
        • Table REST OF APAC LIGHTING MARKET, BY LIGHTING COMPONENTS, 2017-2025 (USD MILLION)
    • REST OF THE WORLD
      • Table ROW VERTICAL FARMING MARKET, BY REGION, 2017-2025 (USD MILLION)
      • Table ROW VERTICAL FARMING MARKET, BY STRUCTURE, 2017-2025 (USD MILLION)
      • Table ROW VERTICAL FARMING MARKET, BY GROWTH MECHANISM, 2017-2025 (USD MILLION)
      • Table ROW LIGHTING MARKET, BY REGION, 2017-2025 (USD MILLION)
      • Table ROW LIGHTING MARKET, BY LIGHTING COMPONENTS, 2017-2025 (USD MILLION)
      • Table ROW HYDROPONIC COMPONENTS MARKET, BY REGION, 2017-2025 (USD MILLION)
      • Table ROW CLIMATE CONTROLS MARKET, BY REGION, 2017-2025 (USD MILLION)
      • Table ROW SENSORS MARKET, BY REGION, 2017-2025 (USD MILLION)
      • MIDDLE EAST & AFRICA
        • Table MIDDLE EAST & AFRICA VERTICAL FARMING MARKET, BY STRUCTURE, 2017-2025 (USD MILLION)
        • Table MIDDLE EAST & AFRICA VERTICAL FARMING MARKET, BY GROWTH MECHANISM, 2017-2025 (USD MILLION)
        • Table MIDDLE EAST & AFRICA LIGHTING MARKET, BY LIGHTING COMPONENTS, 2017-2025 (USD MILLION)
      • SOUTH AMERICA
        • Table SOUTH AMERICAN VERTICAL FARMING MARKET, BY STRUCTURE, 2017-2025 (USD MILLION)
        • Table SOUTH AMERICAN VERTICAL FARMING MARKET, BY GROWTH MECHANISM, 2017-2025 (USD MILLION)
        • Table SOUTH AMERICAN LIGHTING MARKET, BY LIGHTING COMPONENTS, 2017-2025 (USD MILLION)
  • COMPETITIVE LANDSCAPE
    • OVERVIEW
    • MARKET SHARE AND RANKING ANALYSIS
      • Table MARKET PLAYER SHARE, 2019 (LIGHTING PROVIDERS)
      • Table MARKET PLAYER RANKING, 2019 (CROP PRODUCERS)
    • MARKET EVALUATION FRAMEWORK
      • PRODUCT LAUNCHES AND DEVELOPMENTS
        • Table PRODUCT LAUNCHES AND DEVELOPMENTS, 2018-2020
      • AGREEMENTS, PARTNERSHIPS, AND COLLABORATIONS
        • Table AGREEMENTS, PARTNERSHIPS, AND COLLABORATIONS, 2017-2020
      • EXPANSION
        • Table EXPANSION, 2019-2020
      • ACQUISITIONS
        • Table ACQUISITIONS, 2017-2018
    • COMPETITIVE LEADERSHIP MAPPING - OEMS AND SYSTEM INTEGRATORS
      • STARS
      • PERVASIVE
      • EMERGING LEADERS
    • COMPETITIVE LEADERSHIP MAPPING -GROWERS/ VERTICAL FARMING COMPANIES
      • STARS
      • PERVASIVE
      • EMERGING LEADERS
  • COMPANY PROFILES
    • INTRODUCTION
    • KEY PLAYERS
      • SIGNIFY
      • OSRAM
      • FREIGHT FARMS
      • AEROFARMS
      • SKY GREENS
      • SPREAD
      • PLENTY
      • VALOYA
      • EVERLIGHT ELECTRONICS
      • HELIOSPECTRA AB
      • GREEN SENSE FARMS
      • AGRILUTION
      • AMERICAN HYDROPONICS
      • URBAN CROP SOLUTIONS
    • OTHER KEY PLAYERS
      • VERTICAL FARM SYSTEMS
      • BOWERY FARMING
      • AGRICOOL
      • SANANBIO
      • GROWPOD SOLUTIONS
      • INFARM
      • ALTIUS FARM
      • INTELLIGENT GROWTH SOLUTIONS
  • APPENDIX
    • OTHER INSIGHTS FROM INDUSTRY EXPERTS
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

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