Vertical Farming Market

Report Highlights

The scope of this report is broad and covers different types of vertical farming, along with the applications and major regions along with countries. The market is broken down by types of vertical farming, applications, and regional markets. Revenue forecasts from 2019 to 2025 are given for each major type of vertical farming, application, and regional market, and the estimated values are derived from the manufacturers’ total revenues.

The report also includes a discussion of the major players across each of the regional vertical farming markets; it explains the major market drivers of the global vertical farming industry, current trends within the industry, major applications, and the regional dynamics of the global vertical farming market.

The report concludes with a special focus on the vendor landscape, which includes detailed profiles of the major vendors in the global vertical farming industry.

Report Includes

• 62 tables
• An up-to-date analysis of the global vertical farming market.
• Analyses of the global market trends, with data from 2019, 2020, estimates for 2021, and projections of compound annual growth rates (CAGRs) through 2026.
• Estimation of market size and revenue forecast for global vertical farming market, and corresponding market share analysis by type, application, and region for each market segment.
• Highlights of emerging technology trends, gaps and opportunities in the market estimating current and future demand for vertical farming, identification of the companies that are best positioned to meet this demand.
• In-depth information (facts and figures) concerning market drivers, restraints and other forces affecting the progress of this market.
• Identification of new products and products still in the development and their probability of successful commercial launch within the next five years.
• Impact of COVID-19 on the vertical farming market as compared to overall global economy.
• Insight into the growth development strategies of major vertical farming manufacturers and their key competitive landscape.
• Descriptive company profiles of the leading market participants, including Signify, Osram, Freight Farms, AeroFarms, Sky Greens, Spread Co., Ltd, Plenty, Valoya, Everlight Electronics Co. Ltd and Heliospectra.

Summary

The global vertical farming market will grow from over $2.9 billion in 2020 to $30 billion by 2025 at a five-year CAGR of 7.5%. The demand for vertical farming is expected to grow, mainly due to various advantages offered such as reduction in the use of water, consistent crop production, and no use of chemicals or pesticides.

Based on the type, vertical farming is further sub-segmented into are hydroponics, aeroponics, and aquaponics. In 2020, hydroponics captured the largest share and will continue to dominate the market in the next years in global vertical farming.

Vertical Farming finds major applications in building vertical farms and shipping container vertical farms. Based on hardware, the market is further sub-segmented into hardware (lighting, climate control, sensors, hydroponics components, others) and software and services. In 2020, the lighting segmented captured the largest share in global vertical farming market.