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Vertical Farming Market Research Report – Segmented By Growth Mechanism (Hydroponics, Aeroponics And Aquaponics), (Hardware, Software, Service), Crop Type, and Region – Global Industry Analysis, Size, Share, Growth, Trends, And Forecast 2022 to 2027

Published: January, 2022
ID: 2588
Pages: 175

Vertical Farming Market Size and Growth (2022 - 2027)

The Vertical Farming Market was worth USD 2.93 billion in 2021 and is expected to be growing at a CAGR of 24%, to reach USD 3.73 billion by 2026.

Vertical Farming is the cutting-edge development in farming, wherein all environmental factors can be organized. In the Vertical Farming process, foods and medicines are produced in vertically arranged layers, vertically inclined surfaces, or in integrated structures like warehouses, shipping containers, skyscrapers, etc. Vertical Farming techniques regulate parameters like the quantity of light, ecological factors like temperature, humidity, gases, etc., and soil nutrition factors which include the use of fertilizers and other soil products. In some Vertical Farms, natural light is used in concurrence with artificial lighting and metal reflectors, similar to greenhouses.

Market Drivers and Restraints

The Vertical Farming market is sustained by the growth in the use of technology such as the Internet of Things (IoT) in Vertical Farming, the rapidly expanding populace, and the increase in the annual production of crops. The efficacy of artificial lighting to enhance the yield, health, and growth rate of plants coupled with lower dependency on the weather for production is driving the market from the producer side. Increasing consumer demand for organic foods, foods free from pesticides, organic foods, and genetically modified organisms (GMOs) is the main driving force of the market. Extraordinary costs of lighting equipment and continuous maintenance requirement are the restraints faced by the Vertical Farming market.

VERTICAL FARMING MARKET REPORT COVERAGE:

 

REPORT METRIC

DETAILS

Market Size Available

2021 – 2027

Base Year

2021

Forecast Period

2022 - 2027

CAGR

24%

Segments Covered

By Growth Mechanism, Structure,  Type of Offering

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

Illumitex Inc. (U.S.), Aerofarms (U.S.), Koninklijke Philips N.V. (The Netherlands), and Sky Greens (Singapore) among others.

 

Market Segmentation

Vertical Farming Market – By Growth Mechanism:

  • Hydroponics

  • Aeroponics

  • Aquaponics

Vertical Farming Market – By Structure:

  • Buildings

  • Shipping Containers

Vertical Farming Market – By Type of Offering:

  • Hardware

  • Software

  • Service

The Vertical Farming market is further segmented on the basis of Crop Type and Geography.

The Vertical Farming market has been geographically segmented into:

  • North America

  • Europe

  • Asia Pacific

  • Latin America

  • Middle East and Africa

Being a developed market, the feasibility of setting up a Vertical Farm combined with the technological prowess to do so has driven the market growth. High consumer awareness and the resulting high demand for organic foods is the key driving force in the North America Vertical Farming market.

Key Players:

The key players involved in the progress of the  North-America vertical farming market are

  • Illumitex Inc. (U.S.)

  • Aerofarms (U.S.)

  • Koninklijke Philips N.V. (The Netherlands)

  •  Sky Greens (Singapore) 

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Study Deliverables                  

                1.3 Base Currency, Base Year and Forecast Periods 

                1.4 General Study Assumptions                

2. Research Methodology                                           

                2.1 Introduction                               

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Econometric Modelling      

                                2.2.4 Expert Validation  

                2.3 Analysis Design                         

                2.4 Study Timeline                          

3. Overview                                       

                3.1 Executive Summary                

                3.2 Key Inferences                         

                3.3 Epidemology                              

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)

                4.1 Market Drivers                          

                4.2 Market Restraints                    

                4.3 Key Challenges                         

                4.4 Current Opportunities in the Market                              

5. Market Segmentation                                              

                5.1 Growth Mechanism                

                                5.1.1 Introduction           

                                5.1.2 Hydroponics           

                                5.1.3 Aeroponics             

                                5.1.4 Aquaponics

                     5.1.5  Y-o-Y Growth Analysis, By Growth Mechanism

   5.1.6  Market Attractiveness Analysis, By Growth Mechanism    

    5.1.7  Market Share Analysis, By Growth Mechanism      

                5.2 Structure                     

                                5.2.1 Introduction           

                                5.2.2 Building Based       

                                5.2.3 Shipping Container              

                                5.2.4 Y-o-Y Growth Analysis, By Structure            

           5.2.5 Market Attractiveness Analysis, By Structure          

                                5.2.6 Market Share Analysis, By Structure            

                5.3 Offering                       

                                5.3.1 Introduction           

                                5.3.2 Hardware

                                5.3.3 Software  

                                5.3.4 Service      

      5.3.5 Y-o-Y Growth Analysis, By Offering              

     5.3.6  Market Attractiveness Analysis, By Offering           

                                5.3.7  Market Share Analysis, By Offering             

                5.4 Crop Type                   

                                5.4.1 Introduction           

    5.4.2 Y-o-Y Growth Analysis, By Crop Type           

              5.4.3  Market Attractiveness Analysis, By Crop Type        

                                5.4.4  Market Share Analysis, By Crop Type         

6. Geographical Analysis                                              

                6.1 Introduction                               

                                6.1.1 Regional Trends    

                                6.1.2 Impact Analysis     

                                6.1.3 Y-o-Y Growth Analysis        

                                                6.1.3.1 By Geographical Area

                                                6.1.3.2 By Growth Mechanism

                                                6.1.3.3 By Structure

                                                6.1.3.4 By Offering

                                                6.1.3.5 By Crop Type

                                6.1.4  Market Attractiveness Analysis     

                                                6.1.4.1 By Geographical Area

                                                6.1.4.2 By Growth Mechanism

                                                6.1.4.3 By Structure

                                                6.1.4.4 By Offering

                                                6.1.4.5 By Crop Type

                                6.1.5  Market Share Analysis      

                                                6.1.5.1 By Geographical Area

                                                6.1.5.2 By Growth Mechanism

                                                6.1.5.3 By Structure

                                                6.1.5.4 By Offering

                                                6.1.5.5 By Crop Type

                6.2 North America                          

                                6.1.1 Introduction           

                                6.1.2 United States         

                                6.1.3 Canada     

                6.3 Europe                         

                                6.2.1 Introduction           

                                6.2.2 U.K             

                                6.2.3 Spain         

                                6.2.4 Germany 

                                6.2.5 Italy            

                                6.2.6 France       

                6.4 Asia-Pacific                 

                                6.3.1 Introduction           

                                6.3.2 China         

                                6.3.3 India          

                                6.3.4 Japan         

                                6.3.5 Australia   

                                6.3.6 South Korea           

                6.5 Latin America                             

                                6.4.1 Introduction           

                                6.4.2 Brazil          

                                6.4.3 Argentina

                                6.4.4 Mexico     

                                6.4.5 Rest of Latin America          

                6.6 Middle East & Africa                               

                                6.5.1 Introduction           

                                6.5.2 Middle-East            

                                6.5.3 Africa         

7. Strategic Analysis                                       

                7.1 PESTLE analysis                         

                                7.1.1 Political     

                                7.1.2 Economic 

                                7.1.3 Social         

                                7.1.4 Technological         

                                7.1.5 Legal          

                                7.1.6 Environmental       

                7.2 Porter’s Five analysis                              

                                7.2.1 Bargaining Power of Suppliers        

                                7.2.2 Bargaining Power of Consumers    

                                7.2.3 Threat of New Entrants     

         7.2.4 Threat of Substitute Products and Services              

                                7.2.5 Competitive Rivalry within the Industry     

8. Market Leaders' Analysis                                        

                8.1 Sky Greens                 

                                8.1.1 Overview 

                                8.1.2 Product Analysis   

                                8.1.3 Financial analysis  

                                8.1.4 Recent Developments       

                                8.1.5 SWOT analysis       

                                8.1.6 Analyst View          

                8.2 Aerofarms                  

                8.3 Illumitex                      

                8.4 Koninklijke Philips N.V                           

                8.5 Everlight Electronics                

                8.6 Green Sense Farms LLC                         

                8.7 Agrilution                    

                8.8 American Hydroponics                          

                8.9 Urban Crops                               

                8.10 Vertical Farm Systems                         

                8.11 Indoor Harvest Corporation                              

                8.12 American Hydroponics                        

                8.13 Moflo Aeroponics                 

                8.14 SPREAD                      

                8.15 Mirai                           

                8.16 Freight Farms                          

                8.17 Bright Farms                            

                8.18 Plantagon International AB                               

                8.19 Gills N Claws Pte Ltd                             

                8.20 Alesca Life                

                8.21 General Hydroponics                           

                8.22 Heliospectra AB                      

                8.23 GrowUp Urban Farms                         

                8.24 Ecobains Gardens                  

9. Competitive Landscape                                           

                9.1 Market share analysis                            

                9.2 Merger and Acquisition Analysis                       

                9.3 Agreements, collaborations and Joint Ventures  

                9.4 New Product Launches                         

10. Market Outlook and Investment Opportunities                                         

Appendix                                           

                a) List of Tables                

                b) List of Figures                              

  1. Global Vertical Farming Market By Region, From 2022 - 2027( USD Billion )
  2. Global Vertical Farming Market By Growth Mechanism, From 2022 - 2027( USD Billion )
  3. Global Hydroponics Market By Region, From 2022 - 2027( USD Billion )
  4. Global Aeroponics Market By Region, From 2022 - 2027( USD Billion )
  5. Global Aquaponics Market By Region, From 2022 - 2027( USD Billion )
  6. Global Vertical Farming Market By Structure, From 2022 - 2027( USD Billion )
  7. Global Building Based Market By Region, From 2022 - 2027( USD Billion )
  8. Global Shipping Container Market By Region, From 2022 - 2027( USD Billion )
  9. Global Vertical Farming Market By Offering, From 2022 - 2027( USD Billion )
  10. Global Hardware Market By Region, From 2022 - 2027( USD Billion )
  11. Global Software Market By Region, From 2022 - 2027( USD Billion )
  12. Global Service Market By Region, From 2022 - 2027( USD Billion )
  13. Global Vertical Farming Market By Crop Type, From 2022 - 2027( USD Billion )
  14. North America Vertical Farming Market By Growth Mechanism, From 2022 - 2027( USD Billion )
  15. North America Hydroponics Market By Region, From 2022 - 2027( USD Billion )
  16. North America Aeroponics Market By Region, From 2022 - 2027( USD Billion )
  17. North America Aquaponics Market By Region, From 2022 - 2027( USD Billion )
  18. North America Vertical Farming Market By Structure, From 2022 - 2027( USD Billion )
  19. North America Building Based Market By Region, From 2022 - 2027( USD Billion )
  20. North America Shipping Container Market By Region, From 2022 - 2027( USD Billion )
  21. North America Vertical Farming Market By Offering, From 2022 - 2027( USD Billion )
  22. North America Hardware Market By Region, From 2022 - 2027( USD Billion )
  23. North America Software Market By Region, From 2022 - 2027( USD Billion )
  24. North America Service Market By Region, From 2022 - 2027( USD Billion )
  25. North America Vertical Farming Market By Crop Type, From 2022 - 2027( USD Billion )
  26. United States Vertical Farming Market By Growth Mechanism, From 2022 - 2027( USD Billion )
  27. United States Vertical Farming Market By Structure, From 2022 - 2027( USD Billion )
  28. United States Vertical Farming Market By Offering, From 2022 - 2027( USD Billion )
  29. United States Vertical Farming Market By Crop Type, From 2022 - 2027( USD Billion )
  30. Canada Vertical Farming Market By Growth Mechanism, From 2022 - 2027( USD Billion )
  31. Canada Vertical Farming Market By Structure, From 2022 - 2027( USD Billion )
  32. Canada Vertical Farming Market By Offering, From 2022 - 2027( USD Billion )
  33. Canada Vertical Farming Market By Crop Type, From 2022 - 2027( USD Billion )
  34. Europe Vertical Farming Market By Growth Mechanism, From 2022 - 2027( USD Billion )
  35. Europe Hydroponics Market By Region, From 2022 - 2027( USD Billion )
  36. Europe Aeroponics Market By Region, From 2022 - 2027( USD Billion )
  37. Europe Aquaponics Market By Region, From 2022 - 2027( USD Billion )
  38. Europe Vertical Farming Market By Structure, From 2022 - 2027( USD Billion )
  39. Europe Building Based Market By Region, From 2022 - 2027( USD Billion )
  40. Europe Shipping Container Market By Region, From 2022 - 2027( USD Billion )
  41. Europe Vertical Farming Market By Offering, From 2022 - 2027( USD Billion )
  42. Europe Hardware Market By Region, From 2022 - 2027( USD Billion )
  43. Europe Software Market By Region, From 2022 - 2027( USD Billion )
  44. Europe Service Market By Region, From 2022 - 2027( USD Billion )
  45. Europe Vertical Farming Market By Crop Type, From 2022 - 2027( USD Billion )
  46. U.K. Vertical Farming Market By Growth Mechanism, From 2022 - 2027( USD Billion )
  47. U.K. Vertical Farming Market By Structure, From 2022 - 2027( USD Billion )
  48. U.K. Vertical Farming Market By Offering, From 2022 - 2027( USD Billion )
  49. U.K. Vertical Farming Market By Crop Type, From 2022 - 2027( USD Billion )
  50. Germany Vertical Farming Market By Growth Mechanism, From 2022 - 2027( USD Billion )
  51. Germany Vertical Farming Market By Structure, From 2022 - 2027( USD Billion )
  52. Germany Vertical Farming Market By Offering, From 2022 - 2027( USD Billion )
  53. Germany Vertical Farming Market By Crop Type, From 2022 - 2027( USD Billion )
  54. France Vertical Farming Market By Growth Mechanism, From 2022 - 2027( USD Billion )
  55. France Vertical Farming Market By Structure, From 2022 - 2027( USD Billion )
  56. France Vertical Farming Market By Offering, From 2022 - 2027( USD Billion )
  57. France Vertical Farming Market By Crop Type, From 2022 - 2027( USD Billion )
  58. Italy Vertical Farming Market By Growth Mechanism, From 2022 - 2027( USD Billion )
  59. Italy Vertical Farming Market By Structure, From 2022 - 2027( USD Billion )
  60. Italy Vertical Farming Market By Offering, From 2022 - 2027( USD Billion )
  61. Italy Vertical Farming Market By Crop Type, From 2022 - 2027( USD Billion )
  62. Spain Vertical Farming Market By Growth Mechanism, From 2022 - 2027( USD Billion )
  63. Spain Vertical Farming Market By Structure, From 2022 - 2027( USD Billion )
  64. Spain Vertical Farming Market By Offering, From 2022 - 2027( USD Billion )
  65. Spain Vertical Farming Market By Crop Type, From 2022 - 2027( USD Billion )
  66. Asia-Pacific Vertical Farming Market By Growth Mechanism, From 2022 - 2027( USD Billion )
  67. Asia-Pacific Hydroponics Market By Region, From 2022 - 2027( USD Billion )
  68. Asia-Pacific Aeroponics Market By Region, From 2022 - 2027( USD Billion )
  69. Asia-Pacific Aquaponics Market By Region, From 2022 - 2027( USD Billion )
  70. Asia-Pacific Vertical Farming Market By Structure, From 2022 - 2027( USD Billion )
  71. Asia-Pacific Building Based Market By Region, From 2022 - 2027( USD Billion )
  72. Asia-Pacific Shipping Container Market By Region, From 2022 - 2027( USD Billion )
  73. Asia-Pacific Vertical Farming Market By Offering, From 2022 - 2027( USD Billion )
  74. Asia-Pacific Hardware Market By Region, From 2022 - 2027( USD Billion )
  75. Asia-Pacific Software Market By Region, From 2022 - 2027( USD Billion )
  76. Asia-Pacific Service Market By Region, From 2022 - 2027( USD Billion )
  77. Asia-Pacific Vertical Farming Market By Crop Type, From 2022 - 2027( USD Billion )
  78. Japan Vertical Farming Market By Growth Mechanism, From 2022 - 2027( USD Billion )
  79. Japan Vertical Farming Market By Structure, From 2022 - 2027( USD Billion )
  80. Japan Vertical Farming Market By Offering, From 2022 - 2027( USD Billion )
  81. Japan Vertical Farming Market By Crop Type, From 2022 - 2027( USD Billion )
  82. China Vertical Farming Market By Growth Mechanism, From 2022 - 2027( USD Billion )
  83. China Vertical Farming Market By Structure, From 2022 - 2027( USD Billion )
  84. China Vertical Farming Market By Offering, From 2022 - 2027( USD Billion )
  85. China Vertical Farming Market By Crop Type, From 2022 - 2027( USD Billion )
  86. India Vertical Farming Market By Growth Mechanism, From 2022 - 2027( USD Billion )
  87. India Vertical Farming Market By Structure, From 2022 - 2027( USD Billion )
  88. India Vertical Farming Market By Offering, From 2022 - 2027( USD Billion )
  89. India Vertical Farming Market By Crop Type, From 2022 - 2027( USD Billion )
  90. Australia Vertical Farming Market By Growth Mechanism, From 2022 - 2027( USD Billion )
  91. Australia Vertical Farming Market By Structure, From 2022 - 2027( USD Billion )
  92. Australia Vertical Farming Market By Offering, From 2022 - 2027( USD Billion )
  93. Australia Vertical Farming Market By Crop Type, From 2022 - 2027( USD Billion )
  94. South Korea Vertical Farming Market By Growth Mechanism, From 2022 - 2027( USD Billion )
  95. South Korea Vertical Farming Market By Structure, From 2022 - 2027( USD Billion )
  96. South Korea Vertical Farming Market By Offering, From 2022 - 2027( USD Billion )
  97. South Korea Vertical Farming Market By Crop Type, From 2022 - 2027( USD Billion )
  98. Latin America Vertical Farming Market By Growth Mechanism, From 2022 - 2027( USD Billion )
  99. Latin America Hydroponics Market By Region, From 2022 - 2027( USD Billion )
  100. Latin America Aeroponics Market By Region, From 2022 - 2027( USD Billion )
  101. Latin America Aquaponics Market By Region, From 2022 - 2027( USD Billion )
  102. Latin America Vertical Farming Market By Structure, From 2022 - 2027( USD Billion )
  103. Latin America Building Based Market By Region, From 2022 - 2027( USD Billion )
  104. Latin America Shipping Container Market By Region, From 2022 - 2027( USD Billion )
  105. Latin America Vertical Farming Market By Offering, From 2022 - 2027( USD Billion )
  106. Latin America Hardware Market By Region, From 2022 - 2027( USD Billion )
  107. Latin America Software Market By Region, From 2022 - 2027( USD Billion )
  108. Latin America Service Market By Region, From 2022 - 2027( USD Billion )
  109. Latin America Vertical Farming Market By Crop Type, From 2022 - 2027( USD Billion )
  110. Brazil Vertical Farming Market By Growth Mechanism, From 2022 - 2027( USD Billion )
  111. Brazil Vertical Farming Market By Structure, From 2022 - 2027( USD Billion )
  112. Brazil Vertical Farming Market By Offering, From 2022 - 2027( USD Billion )
  113. Brazil Vertical Farming Market By Crop Type, From 2022 - 2027( USD Billion )
  114. Argentina Vertical Farming Market By Growth Mechanism, From 2022 - 2027( USD Billion )
  115. Argentina Vertical Farming Market By Structure, From 2022 - 2027( USD Billion )
  116. Argentina Vertical Farming Market By Offering, From 2022 - 2027( USD Billion )
  117. Argentina Vertical Farming Market By Crop Type, From 2022 - 2027( USD Billion )
  118. Mexico Vertical Farming Market By Growth Mechanism, From 2022 - 2027( USD Billion )
  119. Mexico Vertical Farming Market By Structure, From 2022 - 2027( USD Billion )
  120. Mexico Vertical Farming Market By Offering, From 2022 - 2027( USD Billion )
  121. Mexico Vertical Farming Market By Crop Type, From 2022 - 2027( USD Billion )
  122. Rest of Latin America Vertical Farming Market By Growth Mechanism, From 2022 - 2027( USD Billion )
  123. Rest of Latin America Vertical Farming Market By Structure, From 2022 - 2027( USD Billion )
  124. Rest of Latin America Vertical Farming Market By Offering, From 2022 - 2027( USD Billion )
  125. Rest of Latin America Vertical Farming Market By Crop Type, From 2022 - 2027( USD Billion )
  126. Middle East & Africa Vertical Farming Market By Growth Mechanism, From 2022 - 2027( USD Billion )
  127. Middle East & Africa Hydroponics Market By Region, From 2022 - 2027( USD Billion )
  128. Middle East & Africa Aeroponics Market By Region, From 2022 - 2027( USD Billion )
  129. Middle East & Africa Aquaponics Market By Region, From 2022 - 2027( USD Billion )
  130. Middle East & Africa Vertical Farming Market By Structure, From 2022 - 2027( USD Billion )
  131. Middle East & Africa Building Based Market By Region, From 2022 - 2027( USD Billion )
  132. Middle East & Africa Shipping Container Market By Region, From 2022 - 2027( USD Billion )
  133. Middle East & Africa Vertical Farming Market By Offering, From 2022 - 2027( USD Billion )
  134. Middle East & Africa Hardware Market By Region, From 2022 - 2027( USD Billion )
  135. Middle East & Africa Software Market By Region, From 2022 - 2027( USD Billion )
  136. Middle East & Africa Service Market By Region, From 2022 - 2027( USD Billion )
  137. Middle East & Africa Vertical Farming Market By Crop Type, From 2022 - 2027( USD Billion )
  138. Middle East Vertical Farming Market By Growth Mechanism, From 2022 - 2027( USD Billion )
  139. Middle East Vertical Farming Market By Structure, From 2022 - 2027( USD Billion )
  140. Middle East Vertical Farming Market By Offering, From 2022 - 2027( USD Billion )
  141. Middle East Vertical Farming Market By Crop Type, From 2022 - 2027( USD Billion )
  142. Africa Vertical Farming Market By Growth Mechanism, From 2022 - 2027( USD Billion )
  143. Africa Vertical Farming Market By Structure, From 2022 - 2027( USD Billion )
  144. Africa Vertical Farming Market By Offering, From 2022 - 2027( USD Billion )
  145. Africa Vertical Farming Market By Crop Type, From 2022 - 2027( USD Billion )

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