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Vertical Farming - Global Strategic Business Report

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    Report

  • 311 Pages
  • March 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 4806398
The global market for Vertical Farming is estimated at US$3.7 Billion in 2023 and is projected to reach US$10.3 Billion by 2030, growing at a CAGR of 13.7% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

Key Insights:

  • Market Growth: Understand the significant growth trajectory of the Vertical Farming Lighting segment, which is expected to reach US$3.4 Billion by 2030 with a CAGR of 13.6%. The Hydroponic Components segment is also set to grow at 13.3% CAGR over the next 8 years.
  • Regional Analysis: Gain insights into the U.S. market, estimated at $981.2 Million in 2023, and China, forecasted to grow at an impressive 15.7% CAGR to reach $1.7 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

  • Detailed Market Analysis: Access a thorough analysis of the Global Vertical Farming Market, covering all major geographic regions and market segments.
  • Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
  • Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Vertical Farming Market.
  • Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

  • How is the Global Vertical Farming Market expected to evolve by 2030?
  • What are the main drivers and restraints affecting the market?
  • Which market segments will grow the most over the forecast period?
  • How will market shares for different regions and segments change by 2030?
  • Who are the leading players in the market, and what are their prospects?

Report Features:

  • Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
  • In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
  • Company Profiles: Coverage of major players such as Samsung Group, OSRAM GmbH, Heliospectra AB, and more.
  • Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 70 Featured):

  • Samsung Group
  • OSRAM GmbH
  • Heliospectra AB
  • Agrilution GmbH
  • American Hydroponics
  • Fluence Bioengineering, Inc.
  • Vertical Farm Systems Pty Ltd.
  • Valoya Oy

MarketGlass Platform

Our reports are enhanced by the MarketGlass platform, which brings together industry experts and influencers to provide high-quality, accurate insights. This unique platform allows us to gather comprehensive data and market perspectives, ensuring you receive the most reliable and detailed analysis available.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • An Introduction to Vertical Farming
  • Global Market Prospects & Outlook
  • Hydroponics: The Largest Segment
  • Shipping Containers Segment Leads Vertical Farming Market
  • Developing Economies to Witness High Adoption of Vertical Farming
  • Competition
  • Companies Invest in Vertical Farm Facilities
  • World Brands
  • Recent Market Activity
  • Vertical Farming - Global Key Competitors Percentage Market Share in 2023 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Significant Benefits of Vertical Farming Technique Compared to Traditional Farming Methods Augurs Well for the Market
  • Optimum Usage of Vertical Space & Energy Usage and Easy Monitoring & Harvesting of Crops: Key Benefits Driving Adoption
  • Vertical Farming: A Solution to Solve Hunger in Future
  • Expanding Global Population and Demand Supply Imbalance Drive Focus onto Vertical Farming
  • World Population (in Thousands) by Geographic Region for the Years 2019, 2030, 2050, 2100
  • Food Demand Growth Worldwide: Demand Growth in Million Tonnes for Select Foods for the Period 2008-2017 and 2018-2027
  • Shortage of Arable Land and Limited Food Production Necessitate Alternate Farming Techniques, Driving Market Prospects
  • Global Availability of Arable Land in Hectares Per Person for the Years 1990, 2000, 2018 and 2020
  • Arable Land Worldwide as a % of Total Land Area for the Years 1990, 2000, 2018 and 2020
  • Climate Change Concerns and Need for Stabilized Crop Production Turn Attention onto Vertical Farming
  • Average Global Surface Temperature (In Degrees Fahrenheit) for the Years 1940, 2000 and 2020
  • Rising Popularity of Organic Foods Drives Investments into Vertical Farming
  • Global Organic Foods Market Size (in $ Billion) for the Years 2019, 2021, 2023 and 2025
  • Reducing Operating Costs Becomes Imperative to Enhance Economic Viability of Vertical Farming
  • Advancements in Gardening & Farming Technologies Propel Market Growth
  • Vertical Farming Innovations to Revolutionize Agriculture
  • Hydroponics: Soilless Cultivation
  • Aeroponics: Soilless and Water-Efficient Cultivation
  • Aquaponics: Symbiotic Closed-Cycle Plant and Fish Ecosystem
  • Lokal: Ideal for Indoor Farming
  • AeroFarms: An Ingenious and Innovative Vertical Farming Technology
  • Plantscapers: A Food Building to Feed the Occupants
  • VertiCrop: Sustainable Farming for High-Density Urban Areas
  • Modular Farms: Fresh Produce From Virtually Anywhere in Any Climate
  • Cubic Farming Systems: Sustainable and Automated Next-Gen Farming
  • ZipGrow: Modern Farmers’ Farming Solution
  • Bowery: World’s Most Advanced Commercial Indoor Farming Company
  • Skyfarm: Vertical Farming Tower Powered by Wind
  • Sky Greens: Hydraulic-Driven World’s First Commercial Vertical Farm
  • Automation and Data-Driven Techniques to Transform Vertical Farming Market
  • Advancements in Agricultural Practices Drive Growth in Vertical Farming Market
  • Rising Significance of Automation, AI & Robots for Vertical Farming
  • LED Grows as the Preferred Medium of Lighting in Vertical Farming
  • Advancements In Light-Emitting Diode (LED) Technology Drive Vertical Farming Market
  • Opportunity Emerges from Vertical Farming of Cannabis
  • Limited Varieties of Cultivable Crops through Vertical Farming Restrains Market
  • Challenges Confronting Vertical Farming Market
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Recent Past, Current & Future Analysis for Vertical Farming by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 2: World Historic Review for Vertical Farming by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2016 through 2022 and % CAGR
  • Table 3: World 14-Year Perspective for Vertical Farming by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2016, 2024 & 2030
  • Table 4: World Recent Past, Current & Future Analysis for Lighting by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 5: World Historic Review for Lighting by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2016 through 2022 and % CAGR
  • Table 6: World 14-Year Perspective for Lighting by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2016, 2024 & 2030
  • Table 7: World Recent Past, Current & Future Analysis for Hydroponic Components by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 8: World Historic Review for Hydroponic Components by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2016 through 2022 and % CAGR
  • Table 9: World 14-Year Perspective for Hydroponic Components by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2016, 2024 & 2030
  • Table 10: World Recent Past, Current & Future Analysis for Climate Control by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 11: World Historic Review for Climate Control by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2016 through 2022 and % CAGR
  • Table 12: World 14-Year Perspective for Climate Control by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2016, 2024 & 2030
  • Table 13: World Recent Past, Current & Future Analysis for Sensors by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 14: World Historic Review for Sensors by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2016 through 2022 and % CAGR
  • Table 15: World 14-Year Perspective for Sensors by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2016, 2024 & 2030
  • Table 16: World Recent Past, Current & Future Analysis for Software & Services by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 17: World Historic Review for Software & Services by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2016 through 2022 and % CAGR
  • Table 18: World 14-Year Perspective for Software & Services by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2016, 2024 & 2030
  • Table 19: World Recent Past, Current & Future Analysis for Hydroponics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 20: World Historic Review for Hydroponics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2016 through 2022 and % CAGR
  • Table 21: World 14-Year Perspective for Hydroponics by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2016, 2024 & 2030
  • Table 22: World Recent Past, Current & Future Analysis for Aeroponics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 23: World Historic Review for Aeroponics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2016 through 2022 and % CAGR
  • Table 24: World 14-Year Perspective for Aeroponics by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2016, 2024 & 2030
  • Table 25: World Recent Past, Current & Future Analysis for Aquaponics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 26: World Historic Review for Aquaponics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2016 through 2022 and % CAGR
  • Table 27: World 14-Year Perspective for Aquaponics by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2016, 2024 & 2030
  • Table 28: World Recent Past, Current & Future Analysis for Shipping Container by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 29: World Historic Review for Shipping Container by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2016 through 2022 and % CAGR
  • Table 30: World 14-Year Perspective for Shipping Container by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2016, 2024 & 2030
  • Table 31: World Recent Past, Current & Future Analysis for Building-based by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 32: World Historic Review for Building-based by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2016 through 2022 and % CAGR
  • Table 33: World 14-Year Perspective for Building-based by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2016, 2024 & 2030
  • Table 34: World Vertical Farming Market Analysis of Annual Sales in US$ Thousand for Years 2016 through 2030
III. MARKET ANALYSIS
UNITED STATES
  • Vertical Farming Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (E)
  • Vertical Farming in the US: An Overview
  • Popularity of Farm-to-Table Concept Drives Vertical Farming Market
  • Hydroponics Emerges as the Dominant Growth System in the US Vertical Farming Market
  • Outdoor Vertical Farming Witnesses Strong Growth
  • Lighting Devices: The Major Component of Vertical Farming Market
  • Fruits and Vegetables Crop Type Leads the Vertical Farming Market
  • Legalization of Cannabis in Select States Fosters Vertical Farming Market
  • Competition
CANADA
JAPAN
  • Vertical Farming Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2024 (E)
CHINA
  • Vertical Farming Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2024 (E)
  • Challenges with Conventional Agriculture Spurs Interest in Vertical Farming
  • China Sets Eyes on Emerging as Global Leader in Vertical Farming Technology
EUROPE
  • Vertical Farming Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E)
  • Market Overview
FRANCE
  • Vertical Farming Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2024 (E)
GERMANY
  • Vertical Farming Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2024 (E)
ITALY
UNITED KINGDOM
  • Vertical Farming Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2024 (E)
REST OF EUROPE
ASIA-PACIFIC
  • Vertical Farming Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2024 (E)
  • Market Overview
REST OF WORLDIV. COMPETITION

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Samsung Group
  • OSRAM GmbH
  • Heliospectra AB
  • Agrilution GmbH
  • American Hydroponics
  • Fluence Bioengineering, Inc.
  • Vertical Farm Systems Pty Ltd.
  • Valoya Oy

Table Information