Vertical Farming - Global Market Trajectory & Analytics

Global Vertical Farming Market to Reach $6.8 Billion by 2027

Amid the COVID-19 crisis, the global market for Vertical Farming estimated at US$2.7 Billion in the year 2020, is projected to reach a revised size of US$6.8 Billion by 2027, growing at a CAGR of 14% over the period 2020-2027. Lighting, one of the segments analyzed in the report, is projected to record a 13.9% CAGR and reach US$2.2 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Hydroponic Components segment is readjusted to a revised 13.6% CAGR for the next 7-year period.

The U.S. Market is Estimated at $728.7 Million, While China is Forecast to Grow at 16.4% CAGR

The Vertical Farming market in the U.S. is estimated at US$728.7 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$1 Billion by the year 2027 trailing a CAGR of 16.4% over the period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 11.9% and 12.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 12.5% CAGR.

Climate Control Segment to Record 16% CAGR

In the global Climate Control segment, USA, Canada, Japan, China and Europe will drive the 16% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$276 Million in the year 2020 will reach a projected size of US$744.6 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets.

Select Competitors (Total 70 Featured)

• 4D Bios, Inc.
• AeroFarms LLC
• Agrilution Systems GmbH
• AMHYDRO (American Hydroponics)- Everlight Electronics Co., Ltd.
• Freight Farms
• General Hydroponics, Inc.
• Heliospectra AB
• FarmVisionAI
• Mirai Co., Ltd.
• Osram Licht AG
• Plenty Unlimited, Inc.
• Signify Holding
• Sky Greens
• Spread Co., Ltd.
• Urban Crop Solutions
• Valoya Ltd

What's New for 2022?

• Global competitiveness and key competitor percentage market shares
• Market presence across multiple geographies - Strong/Active/Niche/Trivial
• Online interactive peer-to-peer collaborative bespoke updates
• Access to a digital archives and Research Platform
• Complimentary updates for one year

The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.