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Vertical Farming Market Size, Growth, Demands Outlook and Forecasts to 2030

Precedence Research - January 02, 2023

According to the research report, the global verticalfarming market size is expected to touch USD 31.15 Billion by 2030, from USD 4.15 Billion in 2020, growing with a significant CAGR of 25.2% from 2021 to 2030. 

Vertical Farming Market Size 2020 to 2030

The vertical farming market report offers a comprehensive study of the current state expected at the major drivers, market strategies, and key vendors’ growth. The report presents energetic visions to conclude and study the market size, market hopes, and competitive surroundings. The research also focuses on the important achievements of the market, research & development, and regional growth of the leading competitors operating in the market. The current trends of the global vertical farming market in conjunction with the geographical landscape of this vertical have also been included in this report.

The report offers intricate dynamics about different aspects of the global vertical farming market, which aids companies operating in the market in making strategic development decisions. The study also elaborates on significant changes that are highly anticipated to configure growth of the global vertical farming market during the forecast period. It also includes a key indicator assessment that highlights growth prospects of this market and estimates statistics related to growth of the market in terms of value (US$ Mn) and volume (tons).

Sample Link @ https://www.precedenceresearch.com/sample/1229

 Scope of the Vertical Farming Market

Report HighlightsDetails
Market SizeUS$ 31.15 billion by 2030
Growth RateCAGR of 25.2% from 2021 to 2030
Base Year2021
Historic Data2017 to 2020
Forecast Period2021 to 2030
Segments CoveredGrowth Mechanism, Component, Fruits, Vegetables & Herbs, Structure
Regional ScopeNorth America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA)

This study covers a detailed segmentation of the global vertical farming market, along with key information and a competition outlook. The report mentions company profiles of players that are currently dominating the global vertical farming market, wherein various developments, expansions, and winning strategies practiced and implemented by leading players have been presented in detail.

Key Players

  • 4D Bios Inc
  • Illumitex Inc
  • Urban Crop Solutions
  • Koninklijke Philips N.V.
  • AMHYDRO (American Hydroponics)
  • AeroFarms
  • Agrilution
  • Everlight Electronics Co., Ltd
  • Hort Americas
  • Others

Market Segmentation

 By Growth Mechanism

  • Hydroponics
  • Terraponics
  • Aeroponics
  • Aquaponics

By Component

  • Lighting
  • Climate Control
  • Sensor
  • Irrigation
  • Others

By Fruits, Vegetables & Herbs

  • Bell & Chili peppers
  • Strawberry
  • Tomato
  • Lettuce
  • Cucumber
  • Herbs
  • Leafy Greens (excluding lettuce)
  • Others

By Structure

  • Shipping Container
  • Building-based

By Geography

  • North America
      • U.S.
      • Canada
  • Europe
      • Germany
      • France
      • United Kingdom
      • Rest of Europe
  • Asia Pacific
      • China
      • Japan
      • India
      • Southeast Asia
      • Rest of Asia Pacific
  • Latin America
      • Brazil
      • Rest of Latin America
  • Middle East & Africa (MEA)
      • GCC
      • North Africa
      • South Africa
      • Rest of Middle East & Africa

Research Methodology

The research methodology adopted by analysts for compiling the global vertical farming market report is based on detailed primary as well as secondary research. With the help of in-depth insights of the market-affiliated information that is obtained and legitimated by market-admissible resources, analysts have offered riveting observations and authentic forecasts for the global market.

During the primary research phase, analysts interviewed market stakeholders, investors, brand managers, vice presidents, and sales and marketing managers. Based on data obtained through interviews of genuine resources, analysts have emphasized the changing scenario of the global market.

For secondary research, analysts scrutinized numerous annual report publications, white papers, market association publications, and company websites to obtain the necessary understanding of the global vertical farming market.

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis 

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Vertical Farming Market 

5.1. COVID-19 Landscape: Vertical Farming Industry Impact

5.2. COVID 19 - Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Vertical Farming Market, By Growth Mechanism

8.1. Vertical Farming Market, by Growth Mechanism Type, 2021-2030

8.1.1. Hydroponics

8.1.1.1. Market Revenue and Forecast (2019-2030)

8.1.2. Terraponics

8.1.2.1. Market Revenue and Forecast (2019-2030)

8.1.3. Aeroponics

8.1.3.1. Market Revenue and Forecast (2019-2030)

8.1.4. Aquaponics

8.1.4.1. Market Revenue and Forecast (2019-2030)

Chapter 9. Global Vertical Farming Market, By Component

9.1. Vertical Farming Market, by Component, 2021-2030

9.1.1. Lighting

9.1.1.1. Market Revenue and Forecast (2019-2030)

9.1.2. Climate Control

9.1.2.1. Market Revenue and Forecast (2019-2030)

9.1.3. Sensor

9.1.3.1. Market Revenue and Forecast (2019-2030)

9.1.4. Irrigation

9.1.4.1. Market Revenue and Forecast (2019-2030)

9.1.5. Others

9.1.5.1. Market Revenue and Forecast (2019-2030)

Chapter 10. Global Vertical Farming Market, By Fruits, Vegetables & Herbs

10.1. Vertical Farming Market, by Fruits, Vegetables & Herbs, 2021-2030

10.1.1. Bell & Chili peppers

10.1.1.1. Market Revenue and Forecast (2019-2030)

10.1.2. Strawberry

10.1.2.1. Market Revenue and Forecast (2019-2030)

10.1.3. Tomato

10.1.3.1. Market Revenue and Forecast (2019-2030)

10.1.4. Lettuce

10.1.4.1. Market Revenue and Forecast (2019-2030)

10.1.5. Cucumber

10.1.5.1. Market Revenue and Forecast (2019-2030)

10.1.6. Herbs

10.1.6.1. Market Revenue and Forecast (2019-2030)

10.1.7. Leafy Greens (excluding lettuce)

10.1.7.1. Market Revenue and Forecast (2019-2030)

10.1.8. Others

10.1.8.1. Market Revenue and Forecast (2019-2030)

Chapter 11. Global Vertical Farming Market, By Structure Type 

11.1. Vertical Farming Market, by Structure Type, 2021-2030

11.1.1. Shipping Container

11.1.1.1. Market Revenue and Forecast (2019-2030)

11.1.2. Building-based

11.1.2.1. Market Revenue and Forecast (2019-2030)

Chapter 12. Global Vertical Farming Market, Regional Estimates and Trend Forecast

12.1. North America

12.1.1. Market Revenue and Forecast, by Growth Mechanism (2019-2030)

12.1.2. Market Revenue and Forecast, by Component (2019-2030)

12.1.3. Market Revenue and Forecast, by Fruits, Vegetables & Herbs Type (2019-2030)

12.1.4. Market Revenue and Forecast, by Structure Type (2019-2030)

12.1.5. U.S.

12.1.5.1. Market Revenue and Forecast, by Growth Mechanism (2019-2030)

12.1.5.2. Market Revenue and Forecast, by Component (2019-2030)

12.1.5.3. Market Revenue and Forecast, by Fruits, Vegetables & Herbs Type (2019-2030)

12.1.5.4. Market Revenue and Forecast, by Structure Type (2019-2030)

12.1.6. Rest of North America

12.1.6.1. Market Revenue and Forecast, by Growth Mechanism (2019-2030)

12.1.6.2. Market Revenue and Forecast, by Component (2019-2030)

12.1.6.3. Market Revenue and Forecast, by Fruits, Vegetables & Herbs Type (2019-2030)

12.1.6.4. Market Revenue and Forecast, by Structure Type (2019-2030)

12.2. Europe

12.2.1. Market Revenue and Forecast, by Growth Mechanism (2019-2030)

12.2.2. Market Revenue and Forecast, by Component (2019-2030)

12.2.3. Market Revenue and Forecast, by Fruits, Vegetables & Herbs Type (2019-2030)

12.2.4. Market Revenue and Forecast, by Structure Type (2019-2030)

12.2.5. UK

12.2.5.1. Market Revenue and Forecast, by Growth Mechanism (2019-2030)

12.2.5.2. Market Revenue and Forecast, by Component (2019-2030)

12.2.5.3. Market Revenue and Forecast, by Fruits, Vegetables & Herbs Type (2019-2030)

12.2.5.4. Market Revenue and Forecast, by Structure Type (2019-2030)

12.2.6. Germany

12.2.6.1. Market Revenue and Forecast, by Growth Mechanism (2019-2030)

12.2.6.2. Market Revenue and Forecast, by Component (2019-2030)

12.2.6.3. Market Revenue and Forecast, by Fruits, Vegetables & Herbs Type (2019-2030)

12.2.6.4. Market Revenue and Forecast, by Structure Type (2019-2030)

12.2.7. France

12.2.7.1. Market Revenue and Forecast, by Growth Mechanism (2019-2030)

12.2.7.2. Market Revenue and Forecast, by Component (2019-2030)

12.2.7.3. Market Revenue and Forecast, by Fruits, Vegetables & Herbs Type (2019-2030)

12.2.7.4. Market Revenue and Forecast, by Structure Type (2019-2030)

12.2.8. Rest of Europe

12.2.8.1. Market Revenue and Forecast, by Growth Mechanism (2019-2030)

12.2.8.2. Market Revenue and Forecast, by Component (2019-2030)

12.2.8.3. Market Revenue and Forecast, by Fruits, Vegetables & Herbs Type (2019-2030)

12.2.8.4. Market Revenue and Forecast, by Structure Type (2019-2030)

12.3. APAC

12.3.1. Market Revenue and Forecast, by Growth Mechanism (2019-2030)

12.3.2. Market Revenue and Forecast, by Component (2019-2030)

12.3.3. Market Revenue and Forecast, by Fruits, Vegetables & Herbs Type (2019-2030)

12.3.4. Market Revenue and Forecast, by Structure Type (2019-2030)

12.3.5. India

12.3.5.1. Market Revenue and Forecast, by Growth Mechanism (2019-2030)

12.3.5.2. Market Revenue and Forecast, by Component (2019-2030)

12.3.5.3. Market Revenue and Forecast, by Fruits, Vegetables & Herbs Type (2019-2030)

12.3.5.4. Market Revenue and Forecast, by Structure Type (2019-2030)

12.3.6. China

12.3.6.1. Market Revenue and Forecast, by Growth Mechanism (2019-2030)

12.3.6.2. Market Revenue and Forecast, by Component (2019-2030)

12.3.6.3. Market Revenue and Forecast, by Fruits, Vegetables & Herbs Type (2019-2030)

12.3.6.4. Market Revenue and Forecast, by Structure Type (2019-2030)

12.3.7. Japan

12.3.7.1. Market Revenue and Forecast, by Growth Mechanism (2019-2030)

12.3.7.2. Market Revenue and Forecast, by Component (2019-2030)

12.3.7.3. Market Revenue and Forecast, by Fruits, Vegetables & Herbs Type (2019-2030)

12.3.7.4. Market Revenue and Forecast, by Structure Type (2019-2030)

12.3.8. Rest of APAC

12.3.8.1. Market Revenue and Forecast, by Growth Mechanism (2019-2030)

12.3.8.2. Market Revenue and Forecast, by Component (2019-2030)

12.3.8.3. Market Revenue and Forecast, by Fruits, Vegetables & Herbs Type (2019-2030)

12.3.8.4. Market Revenue and Forecast, by Structure Type (2019-2030)

12.4. MEA

12.4.1. Market Revenue and Forecast, by Growth Mechanism (2019-2030)

12.4.2. Market Revenue and Forecast, by Component (2019-2030)

12.4.3. Market Revenue and Forecast, by Fruits, Vegetables & Herbs Type (2019-2030)

12.4.4. Market Revenue and Forecast, by Structure Type (2019-2030)

12.4.5. GCC

12.4.5.1. Market Revenue and Forecast, by Growth Mechanism (2019-2030)

12.4.5.2. Market Revenue and Forecast, by Component (2019-2030)

12.4.5.3. Market Revenue and Forecast, by Fruits, Vegetables & Herbs Type (2019-2030)

12.4.5.4. Market Revenue and Forecast, by Structure Type (2019-2030)

12.4.6. North Africa

12.4.6.1. Market Revenue and Forecast, by Growth Mechanism (2019-2030)

12.4.6.2. Market Revenue and Forecast, by Component (2019-2030)

12.4.6.3. Market Revenue and Forecast, by Fruits, Vegetables & Herbs Type (2019-2030)

12.4.6.4. Market Revenue and Forecast, by Structure Type (2019-2030)

12.4.7. South Africa

12.4.7.1. Market Revenue and Forecast, by Growth Mechanism (2019-2030)

12.4.7.2. Market Revenue and Forecast, by Component (2019-2030)

12.4.7.3. Market Revenue and Forecast, by Fruits, Vegetables & Herbs Type (2019-2030)

12.4.7.4. Market Revenue and Forecast, by Structure Type (2019-2030)

12.4.8. Rest of MEA

12.4.8.1. Market Revenue and Forecast, by Growth Mechanism (2019-2030)

12.4.8.2. Market Revenue and Forecast, by Component (2019-2030)

12.4.8.3. Market Revenue and Forecast, by Fruits, Vegetables & Herbs Type (2019-2030)

12.4.8.4. Market Revenue and Forecast, by Structure Type (2019-2030)

12.5. Latin America

12.5.1. Market Revenue and Forecast, by Growth Mechanism (2019-2030)

12.5.2. Market Revenue and Forecast, by Component (2019-2030)

12.5.3. Market Revenue and Forecast, by Fruits, Vegetables & Herbs Type (2019-2030)

12.5.4. Market Revenue and Forecast, by Structure Type (2019-2030)

12.5.5. Brazil

12.5.5.1. Market Revenue and Forecast, by Growth Mechanism (2019-2030)

12.5.5.2. Market Revenue and Forecast, by Component (2019-2030)

12.5.5.3. Market Revenue and Forecast, by Fruits, Vegetables & Herbs Type (2019-2030)

12.5.5.4. Market Revenue and Forecast, by Structure Type (2019-2030)

12.5.6. Rest of LATAM

12.5.6.1. Market Revenue and Forecast, by Growth Mechanism (2019-2030)

12.5.6.2. Market Revenue and Forecast, by Component (2019-2030)

12.5.6.3. Market Revenue and Forecast, by Fruits, Vegetables & Herbs Type (2019-2030)

12.5.6.4. Market Revenue and Forecast, by Structure Type (2019-2030)

Chapter 13. Company Profiles

13.1. 4D Bios Inc

13.1.1. Company Overview

13.1.2. Product Offerings

13.1.3. Financial Performance

13.1.4. Recent Initiatives

13.2. Illumitex Inc

13.2.1. Company Overview

13.2.2. Product Offerings

13.2.3. Financial Performance

13.2.4. Recent Initiatives

13.3. Urban Crop Solutions

13.3.1. Company Overview

13.3.2. Product Offerings

13.3.3. Financial Performance

13.3.4. Recent Initiatives

13.4. Koninklijke Philips N.V.

13.4.1. Company Overview

13.4.2. Product Offerings

13.4.3. Financial Performance

13.4.4. Recent Initiatives

13.5. AMHYDRO (American Hydroponics)

13.5.1. Company Overview

13.5.2. Product Offerings

13.5.3. Financial Performance

13.5.4. Recent Initiatives

13.6. AeroFarms

13.6.1. Company Overview

13.6.2. Product Offerings

13.6.3. Financial Performance

13.6.4. Recent Initiatives

13.7. Agrilution

13.7.1. Company Overview

13.7.2. Product Offerings

13.7.3. Financial Performance

13.7.4. Recent Initiatives

13.8. Everlight Electronics Co., Ltd

13.8.1. Company Overview

13.8.2. Product Offerings

13.8.3. Financial Performance

13.8.4. Recent Initiatives

13.9. Hort Americas

13.9.1. Company Overview

13.9.2. Product Offerings

13.9.3. Financial Performance

13.9.4. Recent Initiatives

13.10. Others

13.10.1. Company Overview

13.10.2. Product Offerings

13.10.3. Financial Performance

13.10.4. Recent Initiatives

Chapter 14. Research Methodology

14.1. Primary Research

14.2. Secondary Research

14.3. Assumptions

Chapter 15. Appendix

15.1. About Us

15.2. Glossary of Terms

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