Vertical Farming Market Size, Share, Trends, Industry Analysis Report, By Growth Mechanism (Aeroponics, Hydroponics, and Aquaponics), Structure, Components, Crops, and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) –

The global vertical farming market size is expected treach USD 50.78 billion by 2034, according ta new study by Polaris Market Research. The report “Vertical Farming Market Size, Share, Trends, Industry Analysis Report: By Growth Mechanism (Aeroponics, Hydroponics, and Aquaponics), Structure, Components, Crops, and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) – Market Forecast, 2025–2034” gives a detailed insight intcurrent market dynamics and provides analysis on future market growth.

Vertical farming offers a sustainable and efficient approach tfood production. This innovative method involves cultivating crops in vertically stacked layers or structures, often integrated with controlled-environment agriculture (CEA) technologies. Vertical farming enables year-round cultivation with minimal dependency on soil, weather, and vast tracts of land by leveraging advancements in hydroponics, aeroponics, and aquaponics.

One of the primary drivers of the vertical farming market growth is the increasing awareness of environmental issues associated with traditional farming practices. Conventional agriculture often involves significant land and water use, contributing tdeforestation, soil degradation, and water scarcity. Vertical farming, in contrast, requires up t95% less water and significantly less land, as it utilizes vertical spaces in urban and semi-urban settings. The closed-loop systems employed in vertical farms minimize water wastage and prevent contamination, making it an eco-friendly alternative.

The increased demand for fresh, locally sourced, and environmentally sustainable produce is further fueling the vertical farming market expansion. The controlled environments of vertical farming eliminate the need for harmful pesticides and herbicides, leading thealthier produce and a reduced ecological footprint.

Urbanization is another major factor fueling the vertical farming market demand. The logistics of transporting food from rural areas turban centers grow more complex and costly as cities expand. Vertical farming addresses these challenges by enabling food production closer tthe point of consumption. This not only reduces transportation costs and emissions but alsensures fresher produce for consumers. Moreover, vertical farms are established in underutilized spaces such as warehouses, rooftops, and abandoned buildings, making them an attractive option for urban planners and developers seeking toptimize land use.

Key Highlights of Vertical Farming Market Report

Based on growth mechanism, the hydroponics segment dominated the market in 2024. The growth of the segment is attributed tits several benefits compared ttraditional farming methods, including efficient use of resources, higher crop yields, faster growth, year-round production, reduced pesticide use, and locally grown produce.

By structure, the building-based vertical farms segment held the largest share of the market in 2024. The growth of building-based vertical farms in the global market is attributed ttheir effective space optimization, reduced transportation costs, better-controlled environment, higher crop yields, and less water and fertilizers use as compared ttraditional farming methods

North America dominated the global vertical farming market in 2024 due tthe increasing demand for locally grown fresh produce, including vegetables and fruits. Additionally, technological advancements, government support, investment in research and development, and growing adoption by commercial growers further propel the market growth in the region.

A few of the key market players include AeroFarms; Illumitex, Inc.; American Hydroponics; Agrilution GmbH; Brightfarms Inc.; Everlight Electronics Co., Ltd.; Freight Farms; GrowUp Urban Farms Ltd.; Green Sense Farms, LLC; and Vertical Farm Systems.

Polaris Market Research has segmented the vertical farming market research report on the basis of growth mechanism, structure, components, crops, and region:

By Growth Mechanism Outlook (Revenue – USD Billion, 2020–2034)

Aeroponics

Hydroponics

Aquaponics

By Structure Outlook (Revenue – USD Billion, 2020–2034)

Building-based Vertical Farms

Shipping Container-based Vertical Farms

By Components Outlook (Revenue – USD Billion, 2020–2034)

Hardware

Lighting

Hydroponic components

Climate control

Sensors

Services

By Crops Outlook (Revenue – USD Billion, 2020–2034)

Fruits, Vegetables, & Herbs

Tomato

Lettuce

Strawberry

Cucumber

Herbs

Others

Flowers & Ornamentals

Perennials

Annuals

Ornamentals

Others

By Regional Outlook (Revenue – USD Billion, 2020–2034)

North America

US

Canada

Europe

Germany

UK

France

Italy

Spain

Russia

Netherlands

Rest of Europe

Asia Pacific

China

India

Japan

South Korea

Indonesia

Malaysia

Vietnam

Rest of Asia Pacific

Latin America

Argentina

Brazil

Mexico

Rest of Latin America

Middle East & Africa

UAE

Saudi Arabia

Israel

South Africa

Rest of Middle East & Africa Show more