The vertical farming market is expected to reach US$ 19,864.8 million by 2028 from US$ 4,300.2 million in 2021; it is estimated to grow at a CAGR of 24.4% from 2021 to 2028.
At present, precision agriculture technologies that include automatic steering, yield monitoring, remote sensing, in-field electronic sensors, section and row control on planters, and spatial data management is the most popular trend in the vertical farming market. With the augmenting demand for food, farmers and agriculturists are increasingly shifting toward precision farming in a bid to improve time management, reduce water and chemical usage, improve yield, and produce healthier crops. Precision farming allows farmers to maximize their yields by tapping GPS, data analytics, and applications. Maps created from the data guide the farmers about the use of seed, water, fertilizer, and pesticide in every area. They also inform the time to harvest. The increasing awareness and knowledge about precision farming, especially in remote areas, is likely to have a positive impact on the vertical farming market over the forecast period.
The major stakeholders in the vertical farming market ecosystem include component manufacturers, distributors/retailers, and end users. Though numerous companies have entered in contracts with manufacturing firms, these companies are now also outsourcing product design. Presently, manufacturers as well as design firms offer custom design, component selection along with manufacturing overcome the technical challenges related to bringing development of vertical farms. The component manufacturers & technology providers have the technical expertise to provide advanced, efficient and easy to use solution for applications that facilitate effective operations at vertical farms.
In North America, the US, Canada, and Mexico have witnessed a significant rise in the number of COVID-19 infected patients. This led the respective governments to impose containment measures to limit human movement, further resulting in lower than usual production volumes at manufacturing plants. The lower production volumes have had severe impacts on supply chain of the vertical farming equipment industry. Moreover, the limited availability of workforce in different regions caused deviations in the delivery schedule of vertical farming equipment in 2020. However, vaccination drives were initiated and containment measure were relaxed in late 2020 or early 2021. Russia, the UK, Italy, Spain, Germany, and France are among the European countries that recorded a large number of COVID-19 cases. These countries are home to numerous vertical farming equipment manufacturing facilities. In addition, the shutdown of supermarkets in the countries mentioned above during the initial and peak period of the pandemic has resulted in substantial decrease in demand for these equipment among the retailers. A majority of businesses in the region focus on the continuity of their businesses by utilizing the existing resources (both human and technologies) rather than investing in the procurement of newer technologies. However, the adoption of vertical farming market systems has gained traction from the Q1 2021.
The overall vertical farming market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining an overview and forecast for the Vertical Farming market with respect to all the segments. It also provides the overview and forecast for the market based on all the segmentation provided with respect to five major regions - North America, Europe, Asia Pacific, Middle East & Africa, and South America. Also, primary interviews were conducted with industry participants and commentators to validate data and gain more analytical insights into the topic. The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers - along with external consultants such as valuation experts, research analysts, and key opinion leaders - specializing in the vertical farming market. A few of the major players operating in the market are Eden Green Technology; Elevate Farms Inc.; iFarm; OSRAM GmbH; Plenty Unlimited Inc.; Sky Greens; Vertical Farm Systems; Square Mile Farms; Agrilution; and AeroFarms.Reasons to Buy
At present, precision agriculture technologies that include automatic steering, yield monitoring, remote sensing, in-field electronic sensors, section and row control on planters, and spatial data management is the most popular trend in the vertical farming market. With the augmenting demand for food, farmers and agriculturists are increasingly shifting toward precision farming in a bid to improve time management, reduce water and chemical usage, improve yield, and produce healthier crops. Precision farming allows farmers to maximize their yields by tapping GPS, data analytics, and applications. Maps created from the data guide the farmers about the use of seed, water, fertilizer, and pesticide in every area. They also inform the time to harvest. The increasing awareness and knowledge about precision farming, especially in remote areas, is likely to have a positive impact on the vertical farming market over the forecast period.
The major stakeholders in the vertical farming market ecosystem include component manufacturers, distributors/retailers, and end users. Though numerous companies have entered in contracts with manufacturing firms, these companies are now also outsourcing product design. Presently, manufacturers as well as design firms offer custom design, component selection along with manufacturing overcome the technical challenges related to bringing development of vertical farms. The component manufacturers & technology providers have the technical expertise to provide advanced, efficient and easy to use solution for applications that facilitate effective operations at vertical farms.
Impact of COVID-19 Pandemic on Vertical Farming Market
In North America, the US, Canada, and Mexico have witnessed a significant rise in the number of COVID-19 infected patients. This led the respective governments to impose containment measures to limit human movement, further resulting in lower than usual production volumes at manufacturing plants. The lower production volumes have had severe impacts on supply chain of the vertical farming equipment industry. Moreover, the limited availability of workforce in different regions caused deviations in the delivery schedule of vertical farming equipment in 2020. However, vaccination drives were initiated and containment measure were relaxed in late 2020 or early 2021. Russia, the UK, Italy, Spain, Germany, and France are among the European countries that recorded a large number of COVID-19 cases. These countries are home to numerous vertical farming equipment manufacturing facilities. In addition, the shutdown of supermarkets in the countries mentioned above during the initial and peak period of the pandemic has resulted in substantial decrease in demand for these equipment among the retailers. A majority of businesses in the region focus on the continuity of their businesses by utilizing the existing resources (both human and technologies) rather than investing in the procurement of newer technologies. However, the adoption of vertical farming market systems has gained traction from the Q1 2021.
The overall vertical farming market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining an overview and forecast for the Vertical Farming market with respect to all the segments. It also provides the overview and forecast for the market based on all the segmentation provided with respect to five major regions - North America, Europe, Asia Pacific, Middle East & Africa, and South America. Also, primary interviews were conducted with industry participants and commentators to validate data and gain more analytical insights into the topic. The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers - along with external consultants such as valuation experts, research analysts, and key opinion leaders - specializing in the vertical farming market. A few of the major players operating in the market are Eden Green Technology; Elevate Farms Inc.; iFarm; OSRAM GmbH; Plenty Unlimited Inc.; Sky Greens; Vertical Farm Systems; Square Mile Farms; Agrilution; and AeroFarms.Reasons to Buy
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global vertical farming market
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the global vertical farming market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
Table of Contents
1. Introduction1.1 Study Scope
1.2 The Publisher's Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Vertical Farming Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 Asia-Pacific
4.2.4 Middle East and Africa
4.2.5 South America
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Vertical Farming Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Benefits of Vertical Farming Compared to Conventional Farming
5.1.2 Rise in Popularity of Organic Food Leading to Increased Uptake of Vertical Farming
5.2 Market Restraints
5.2.1 High Initial Investments and Maintenance Costs
5.3 Market Opportunities
5.3.1 Artificial Intelligence and Robotics to Revolutionize Vertical Farming
5.4 Future Trends
5.4.1 Rapid Developments in Precision Farming Technologies
5.5 Impact Analysis of Drivers and Restraints
6. Vertical Farming Market - Global Analysis
6.1 Vertical Farming Market Global Overview
6.2 Vertical Farming Market - Global Revenue and Forecast to 2028 (US$ Million)
6.3 Market Positioning - Five Key Players
7. Vertical Farming Market Analysis - By Growth Mechanism
7.1 Overview
7.2 Vertical Farming Market, By Growth Mechanism (2020 and 2028)
7.3 Hydroponics
7.3.1 Overview
7.3.2 Hydroponics: Vertical Farming Market - Revenue and Forecast to 2028 (US$ Million)
7.4 Aeroponics
7.4.1 Overview
7.4.2 Aeroponics: Vertical Farming Market - Revenue and Forecast to 2028 (US$ Million)
7.5 Aquaponics
7.5.1 Overview
7.5.2 Aquaponics: Vertical Farming Market - Revenue and Forecast to 2028 (US$ Million)
8. Vertical Farming Market - By Component
8.1 Overview
8.2 Vertical Farming Market, by Component (2020 and 2028)
8.3 Lighting
8.3.1 Overview
8.3.2 Lighting: Vertical Farming Market - Revenue and Forecast to 2028 (US$ Million)
8.4 Sensor
8.4.1 Overview
8.4.2 Sensor: Vertical Farming Market - Revenue and Forecast to 2028 (US$ Million)
8.5 Climate Control
8.5.1 Overview
8.5.2 Climate Control: Vertical Farming Market - Revenue and Forecast to 2028 (US$ Million)
8.6 Irrigation Component
8.6.1 Overview
8.6.2 Irrigation Component: Vertical Farming Market - Revenue and Forecast to 2028 (US$ Million)
8.7 Building Material
8.7.1 Overview
8.7.2 Building Material: Vertical Farming Market - Revenue and Forecast to 2028 (US$ Million)
8.8 Others
8.8.1 Overview
8.8.2 Others: Vertical Farming Market - Revenue and Forecast to 2028 (US$ Million)
9. Vertical Farming Market - Geographic Analysis
9.1 Overview
9.2 North America: Vertical Farming Market
9.2.1 Overview
9.2.2 North America Vertical Farming Market, Revenue and Forecast to 2028 (US$ Million)
9.2.3 North America Vertical Farming Market Breakdown, By Growth Mechanism
9.2.4 North America Vertical Farming Market Breakdown, By Component
9.2.5 North America Vertical Farming Market Breakdown, by Country
9.2.5.1 US Vertical Farming Market, Revenue and Forecast to 2028
9.2.5.1.1 US Vertical Farming Market Breakdown, by Growth Mechanism
9.2.5.1.2 US Vertical Farming Market Breakdown, By Component
9.2.5.2 Canada Vertical Farming Market, Revenue and Forecast to 2028
9.2.5.2.1 Canada Vertical Farming Market Breakdown, by Growth Mechanism
9.2.5.2.2 Canada Vertical Farming Market Breakdown, By Component
9.2.5.3 Mexico Vertical Farming Market, Revenue and Forecast to 2028
9.2.5.3.1 Mexico Vertical Farming Market Breakdown, by Growth Mechanism
9.2.5.3.2 Mexico Vertical Farming Market Breakdown, By Component
9.3 Europe: Vertical Farming Market
9.3.1 Overview
9.3.2 Europe: Vertical Farming Market Revenue and Forecast to 2028 (US$ Million)
9.3.3 Europe Vertical Farming Market Breakdown, By Growth Mechanism
9.3.4 Europe Vertical Farming Market Breakdown, By Component
9.3.5 Europe Vertical Farming Market Breakdown, by Country
9.3.5.1 Germany Vertical Farming Market, Revenue and Forecast to 2028
9.3.5.1.1 Germany Vertical Farming Market Breakdown, by Growth Mechanism
9.3.5.1.2 Germany Vertical Farming Market Breakdown, By Component
9.3.5.2 France Vertical Farming Market, Revenue and Forecast to 2028
9.3.5.2.1 France Vertical Farming Market Breakdown, by Growth Mechanism
9.3.5.2.2 France Vertical Farming Market Breakdown, By Component
9.3.5.3 Italy Vertical Farming Market, Revenue and Forecast to 2028
9.3.5.3.1 Italy Vertical Farming Market Breakdown, by Growth Mechanism
9.3.5.3.2 Italy Vertical Farming Market Breakdown, By Component
9.3.5.4 UK Vertical Farming Market, Revenue and Forecast to 2028
9.3.5.4.1 UK Vertical Farming Market Breakdown, by Growth Mechanism
9.3.5.4.2 UK Vertical Farming Market Breakdown, By Component
9.3.5.5 Russia Vertical Farming Market, Revenue and Forecast to 2028
9.3.5.5.1 Russia Vertical Farming Market Breakdown, by Growth Mechanism
9.3.5.5.2 Russia Vertical Farming Market Breakdown, By Component
9.3.5.6 Rest of Europe Vertical Farming Market, Revenue and Forecast to 2028
9.3.5.6.1 Rest of Europe Vertical Farming Market Breakdown, by Growth Mechanism
9.3.5.6.2 Rest of Europe Vertical Farming Market Breakdown, By Component
9.4 APAC: Vertical Farming Market
9.4.1 Overview
9.4.2 APAC Vertical Farming Market, Revenue and Forecast to 2028 (US$ Million)
9.4.3 APAC Vertical Farming Market Breakdown, By Growth Mechanism
9.4.4 APAC Vertical Farming Market Breakdown, By Component
9.4.5 APAC Vertical Farming Market Breakdown, by Country
9.4.5.1 China Vertical Farming Market, Revenue and Forecast to 2028 (US$ Million)
9.4.5.1.1 China Vertical Farming Market Breakdown, by Growth Mechanism
9.4.5.1.2 China Vertical Farming Market Breakdown, By Component
9.4.5.2 India Vertical Farming Market, Revenue and Forecast to 2028 (US$ Million)
9.4.5.2.1 India Vertical Farming Market Breakdown, by Growth Mechanism
9.4.5.2.2 India Vertical Farming Market Breakdown, By Component
9.4.5.3 Japan Vertical Farming Market, Revenue and Forecast to 2028 (US$ Million)
9.4.5.3.1 Japan Vertical Farming Market Breakdown, by Growth Mechanism
9.4.5.3.2 Japan Vertical Farming Market Breakdown, By Component
9.4.5.4 South Korea Vertical Farming Market, Revenue and Forecast to 2028 (US$ Million)
9.4.5.4.1 South Korea Vertical Farming Market Breakdown, by Growth Mechanism
9.4.5.4.2 South Korea Vertical Farming Market Breakdown, By Component
9.4.5.5 Australia Vertical Farming Market, Revenue and Forecast to 2028 (US$ Million)
9.4.5.5.1 Australia Vertical Farming Market Breakdown, by Growth Mechanism
9.4.5.5.2 Australia Vertical Farming Market Breakdown, By Component
9.4.5.6 Rest of APAC Vertical Farming Market, Revenue and Forecast to 2028 (US$ Million)
9.4.5.6.1 Rest of APAC Vertical Farming Market Breakdown, by Growth Mechanism
9.4.5.6.2 Rest of APAC Vertical Farming Market Breakdown, By Component
9.5 MEA: Vertical Farming Market
9.5.1 Overview
9.5.2 MEA Vertical Farming Market, Revenue and Forecast to 2028 (US$ Million)
9.5.3 MEA Vertical Farming Market Breakdown, By Growth Mechanism
9.5.4 MEA Vertical Farming Market Breakdown, By Component
9.5.5 MEA Vertical Farming Market Breakdown, By Country
9.5.5.1 Saudi Arabia Vertical Farming Market, Revenue and Forecast to 2028 (US$ Million)
9.5.5.1.1 Saudi Arabia Vertical Farming Market Breakdown, by Growth Mechanism
9.5.5.1.2 Saudi Arabia Vertical Farming Market Breakdown, By Component
9.5.5.2 UAE Vertical Farming Market, Revenue and Forecast to 2028 (US$ Million)
9.5.5.2.1 UAE Vertical Farming Market Breakdown, by Growth Mechanism
9.5.5.2.2 UAE Vertical Farming Market Breakdown, By Component
9.5.5.3 South Africa Vertical Farming Market, Revenue and Forecast to 2028 (US$ Million)
9.5.5.3.1 South Africa Vertical Farming Market Breakdown, by Growth Mechanism
9.5.5.3.2 South Africa Vertical Farming Market Breakdown, By Component
9.5.5.4 Rest of MEA Vertical Farming Market, Revenue and Forecast to 2028 (US$ Million)
9.5.5.4.1 Rest of MEA Vertical Farming Market Breakdown, by Growth Mechanism
9.5.5.4.2 Rest of MEA Vertical Farming Market Breakdown, By Component
9.6 SAM: Vertical Farming Market
9.6.1 Overview
9.6.2 SAM Vertical Farming Market Revenue and Forecast to 2028 (US$ Million)
9.6.3 SAM Vertical Farming Market Breakdown, By Growth Mechanism
9.6.4 SAM Vertical Farming Market Breakdown, By Component
9.6.5 SAM Vertical Farming Market Breakdown, by Country
9.6.5.1 Brazil Vertical Farming Market, Revenue and Forecast to 2028
9.6.5.1.1 Brazil Vertical Farming Market Breakdown, by Growth Mechanism
9.6.5.1.2 Brazil Vertical Farming Market Breakdown, By Component
9.6.5.2 Argentina Vertical Farming Market, Revenue and Forecast to 2028
9.6.5.2.1 Argentina Vertical Farming Market Breakdown, by Growth Mechanism
9.6.5.2.2 Argentina Vertical Farming Market Breakdown, By Component
9.6.5.3 Rest of SAM Vertical Farming Market, Revenue and Forecast to 2028
9.6.5.3.1 Rest of SAM Vertical Farming Market Breakdown, by Growth Mechanism
9.6.5.3.2 Rest of SAM Vertical Farming Market Breakdown, By Component
10. Vertical Farming Market- COVID-19 Impact Analysis
10.1 Overview
10.2 North America
10.3 Europe
10.4 Asia Pacific
10.5 Middle East and Africa
10.6 South America
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
12. Company Profiles
12.1 Eden Green Technology
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Elevate Farms Inc.
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 iFarm
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 OSRAM GmbH
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Plenty Unlimited Inc.
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Sky Greens
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Vertical Farm Systems
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Square Mile Farms
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Agrilution
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 AeroFarms
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Publisher
13.2 Word Index
List of Tables
Table 1. Vertical Farming Market - Revenue, and Forecast to 2028 (US$ Million)
Table 2. North America Vertical Farming Market, Revenue and Forecast To 2028 - By Growth Mechanism (US$ Million)
Table 3. North America Vertical Farming Market, Revenue and Forecast To 2028 - By Component (US$ Million)
Table 4. North America Vertical Farming Market, Revenue and Forecast To 2028 - By Country (US$ Million)
Table 5. US Vertical Farming Market, Revenue and Forecast to 2028 - By Growth Mechanism (US$ Million)
Table 6. US Vertical Farming Market, Revenue and Forecast to 2028 - By Component (US$ Million)
Table 7. Canada Vertical Farming Market, Revenue and Forecast to 2028 - By Growth Mechanism (US$ Million)
Table 8. Canada Vertical Farming Market, Revenue and Forecast to 2028 - By Component (US$ Million)
Table 9. Mexico Vertical Farming Market, Revenue and Forecast to 2028 - By Growth Mechanism (US$ Million)
Table 10. Mexico Vertical Farming Market, Revenue and Forecast to 2028 - By Component (US$ Million)
Table 11. Europe Vertical Farming Market, Revenue and Forecast To 2028 - By Growth Mechanism (US$ Million)
Table 12. Europe Vertical Farming Market, Revenue and Forecast To 2028 - By Component (US$ Million)
Table 13. Europe Vertical Farming Market, Revenue and Forecast To 2028 - By Country (US$ Million)
Table 14. Germany Vertical Farming Market, Revenue and Forecast to 2028 - By Growth Mechanism (US$ Million)
Table 15. Germany Vertical Farming Market, Revenue and Forecast to 2028 - By Component (US$ Million)
Table 16. France Vertical Farming Market, Revenue and Forecast to 2028 - By Growth Mechanism (US$ Million)
Table 17. France Vertical Farming Market, Revenue and Forecast to 2028 - By Component (US$ Million)
Table 18. Italy Vertical Farming Market, Revenue and Forecast to 2028 - By Growth Mechanism (US$ Million)
Table 19. Italy Vertical Farming Market, Revenue and Forecast to 2028 - By Component (US$ Million)
Table 20. UK Vertical Farming Market, Revenue and Forecast to 2028 - By Growth Mechanism (US$ Million)
Table 21. UK Vertical Farming Market, Revenue and Forecast to 2028 - By Component (US$ Million)
Table 22. Russia Vertical Farming Market, Revenue and Forecast to 2028 - By Growth Mechanism (US$ Million)
Table 23. Russia Vertical Farming Market, Revenue and Forecast to 2028 - By Component (US$ Million)
Table 24. Rest of Europe Vertical Farming Market, Revenue and Forecast to 2028 - By Growth Mechanism (US$ Million)
Table 25. Rest of Europe Vertical Farming Market, Revenue and Forecast to 2028 - By Component (US$ Million)
Table 26. APAC Vertical Farming Market, Revenue and Forecast To 2028 - By Growth Mechanism (US$ Million)
Table 27. APAC Vertical Farming Market, Revenue and Forecast To 2028 - By Component (US$ Million)
Table 28. APAC Vertical Farming Market, Revenue and Forecast To 2028 - By Country (US$ Million)
Table 29. China Vertical Farming Market, Revenue and Forecast to 2028 - By Growth Mechanism (US$ Million)
Table 30. China Vertical Farming Market, Revenue and Forecast to 2028 - By Component (US$ Million)
Table 31. India Vertical Farming Market, Revenue and Forecast to 2028 - By Growth Mechanism (US$ Million)
Table 32. India Vertical Farming Market, Revenue and Forecast to 2028 - By Component (US$ Million)
Table 33. Japan Vertical Farming Market, Revenue and Forecast to 2028 - By Growth Mechanism (US$ Million)
Table 34. Japan Vertical Farming Market, Revenue and Forecast to 2028 - By Component (US$ Million)
Table 35. South Korea Vertical Farming Market, Revenue and Forecast to 2028 - By Growth Mechanism (US$ Million)
Table 36. South Korea Vertical Farming Market, Revenue and Forecast to 2028 - By Component (US$ Million)
Table 37. Australia Vertical Farming Market, Revenue and Forecast to 2028 - By Growth Mechanism (US$ Million)
Table 38. Australia Vertical Farming Market, Revenue and Forecast to 2028 - By Component (US$ Million)
Table 39. Rest of APAC Vertical Farming Market, Revenue and Forecast to 2028 - By Growth Mechanism (US$ Million)
Table 40. Rest of APAC Vertical Farming Market, Revenue and Forecast to 2028 - By Component (US$ Million)
Table 41. MEA Vertical Farming Market, Revenue and Forecast To 2028 - By Growth Mechanism (US$ Million)
Table 42. MEA Vertical Farming Market, Revenue and Forecast To 2028 - By Component (US$ Million)
Table 43. MEA Vertical Farming Market, Revenue and Forecast to 2028 - By Country (US$ Million)
Table 44. Saudi Arabia Vertical Farming Market, Revenue and Forecast to 2028 - By Growth Mechanism (US$ Million)
Table 45. Saudi Arabia Vertical Farming Market, Revenue and Forecast to 2028 - By Component (US$ Million)
Table 46. UAE Vertical Farming Market, Revenue and Forecast to 2028 - By Growth Mechanism (US$ Million)
Table 47. UAE Vertical Farming Market, Revenue and Forecast to 2028 - By Component (US$ Million)
Table 48. South Africa Vertical Farming Market, Revenue and Forecast to 2028 - By Growth Mechanism (US$ Million)
Table 49. South Africa Vertical Farming Market, Revenue and Forecast to 2028 - By Component (US$ Million)
Table 50. Rest of MEA Vertical Farming Market, Revenue and Forecast to 2028 - By Growth Mechanism (US$ Million)
Table 51. Rest of MEA Vertical Farming Market, Revenue and Forecast to 2028 - By Component (US$ Million)
Table 52. SAM Vertical Farming Market, Revenue and Forecast To 2028 - By Growth Mechanism (US$ Million)
Table 53. SAM Vertical Farming Market, Revenue and Forecast To 2028 - By Component (US$ Million)
Table 54. SAM Vertical Farming Market, Revenue and Forecast To 2028 - By Country (US$ Million)
Table 55. Brazil Vertical Farming Market, Revenue and Forecast to 2028 - By Growth Mechanism (US$ Million)
Table 56. Brazil Vertical Farming Market, Revenue and Forecast to 2028 - By Component (US$ Million)
Table 57. Argentina Vertical Farming Market, Revenue and Forecast to 2028 - By Growth Mechanism (US$ Million)
Table 58. Argentina Vertical Farming Market, Revenue and Forecast to 2028 - By Component (US$ Million)
Table 59. Rest of SAM Vertical Farming Market, Revenue and Forecast to 2028 - By Growth Mechanism (US$ Million)
Table 60. Rest of SAM Vertical Farming Market, Revenue and Forecast to 2028 - By Component (US$ Million)
Table 61. List of AbbreviationList of Figures
Figure 1. Vertical Farming Market Segmentation
Figure 2. Vertical Farming Market Segmentation - By Geography
Figure 3. Global Vertical Farming Market Overview
Figure 4. Hydroponics Segment Held the Largest Market Share in 2020
Figure 5. Lighting Held the Largest Market Share in 2020
Figure 6. North America was the Largest Revenue Contributor in 2020
Figure 7. North America - PEST Analysis
Figure 8. Europe - PEST Analysis
Figure 9. Asia-Pacific - PEST Analysis
Figure 10. Middle East and Africa - PEST Analysis
Figure 11. South America - PEST Analysis
Figure 12. Expert Opinion
Figure 13. Vertical Farming Market Impact Analysis of Drivers and Restraints
Figure 14. Geographic Overview of Vertical Farming Market
Figure 15. Global Vertical Farming Market - Revenue and Forecast to 2028 (US$ Million)
Figure 16. Vertical Farming Market Revenue Share, by Growth Mechanism (2020 and 2028)
Figure 17. Hydroponics: Vertical Farming Market - Revenue and Forecast to 2028 (US$ Million)
Figure 18. Aeroponics: Vertical Farming Market - Revenue and Forecast to 2028 (US$ Million)
Figure 19. Aquaponics: Vertical Farming Market - Revenue and Forecast to 2028 (US$ Million)
Figure 20. Vertical Farming Market Revenue Share, by Component (2020 and 2028)
Figure 21. Lighting: Vertical Farming Market - Revenue and Forecast to 2028 (US$ Million)
Figure 22. Sensor: Vertical Farming Market - Revenue and Forecast to 2028 (US$ Million)
Figure 23. Climate Control: Vertical Farming Market - Revenue and Forecast to 2028 (US$ Million)
Figure 24. Irrigation Component: Vertical Farming Market - Revenue and Forecast to 2028 (US$ Million)
Figure 25. Building Material: Vertical Farming Market - Revenue and Forecast to 2028 (US$ Million)
Figure 26. Others: Vertical Farming Market - Revenue and Forecast to 2028 (US$ Million)
Figure 27. Global Vertical Farming Market Breakdown, by Region, 2020 & 2028 (%)
Figure 28. North America Vertical Farming Market, Revenue and Forecast to 2028 (US$ Million)
Figure 29. North America Vertical Farming Market Breakdown, By Growth Mechanism, 2020 & 2028 (%)
Figure 30. North America Vertical Farming Market Breakdown, By Component, 2020 & 2028 (%)
Figure 31. North America Vertical Farming Market Breakdown, by Country, 2020 & 2028 (%)
Figure 32. US Vertical Farming Market, Revenue and Forecast to 2028 (US$ Million)
Figure 33. Canada Vertical Farming Market, Revenue and Forecast to 2028 (US$ Million)
Figure 34. Mexico Vertical Farming Market, Revenue and Forecast to 2028 (US$ Million)
Figure 35. Europe Vertical Farming Market, Revenue and Forecast To 2028 (US$ Million)
Figure 36. Europe Vertical Farming Market Breakdown, By Growth Mechanism, 2020 & 2028 (%)
Figure 37. Europe Vertical Farming Market Breakdown, By Component, 2020 & 2028 (%)
Figure 38. Europe Vertical Farming Market Breakdown, by Country, 2020 & 2028(%)
Figure 39. Germany Vertical Farming Market, Revenue and Forecast to 2028 (US$ Million)
Figure 40. France Vertical Farming Market, Revenue and Forecast to 2028 (US$ Million)
Figure 41. Italy Vertical Farming Market, Revenue and Forecast to 2028 (US$ Million)
Figure 42. UK Vertical Farming Market, Revenue and Forecast to 2028 (US$ Million)
Figure 43. Russia Vertical Farming Market, Revenue and Forecast to 2028 (US$ Million)
Figure 44. Rest of Europe Vertical Farming Market, Revenue and Forecast to 2028 (US$ Million)
Figure 45. APAC Vertical Farming Market, Revenue and Forecast To 2028 (US$ Million)
Figure 46. APAC Vertical Farming Market Breakdown, By Growth Mechanism, 2020 & 2028 (%)
Figure 47. APAC Vertical Farming Market Breakdown, By Component, 2020 & 2028 (%)
Figure 48. APAC Vertical Farming Market Breakdown, by Country, 2020 & 2028 (%)
Figure 49. China Vertical Farming Market, Revenue and Forecast To 2028 (US$ Million)
Figure 50. India Vertical Farming Market, Revenue and Forecast To 2028 (US$ Million)
Figure 51. Japan Vertical Farming Market, Revenue and Forecast To 2028 (US$ Million)
Figure 52. South Korea Vertical Farming Market, Revenue and Forecast To 2028 (US$ Million)
Figure 53. Australia Vertical Farming Market, Revenue and Forecast To 2028 (US$ Million)
Figure 54. Rest of APAC Vertical Farming Market, Revenue and Forecast To 2028 (US$ Million)
Figure 55. MEA Vertical Farming Market, Revenue and Forecast to 2028 (US$ Million)
Figure 56. MEA Vertical Farming Market Breakdown, By Growth Mechanism, 2020 & 2028 (%)
Figure 57. MEA Vertical Farming Market Breakdown, By Component, 2020 & 2028 (%)
Figure 58. MEA Vertical Farming Market Breakdown, By Country, 2020 & 2028 (%)
Figure 59. Saudi Arabia Vertical Farming Market, Revenue and Forecast To 2028 (US$ Million)
Figure 60. UAE Vertical Farming Market, Revenue and Forecast To 2028 (US$ Million)
Figure 61. South Africa Vertical Farming Market, Revenue and Forecast To 2028 (US$ Million)
Figure 62. Rest of MEA Vertical Farming Market, Revenue and Forecast To 2028 (US$ Million)
Figure 63. SAM Vertical Farming Market, Revenue and Forecast To 2028 (US$ Million)
Figure 64. SAM Vertical Farming Market Breakdown, By Growth Mechanism, 2020 & 2028 (%)
Figure 65. SAM Vertical Farming Market Breakdown, By Component, 2020 & 2028 (%)
Figure 66. SAM Vertical Farming Market Breakdown, by Country, 2020 & 2028 (%)
Figure 67. Brazil Vertical Farming Market, Revenue and Forecast to 2028 (US$ Million)
Figure 68. Argentina Vertical Farming Market, Revenue and Forecast to 2028 (US$ Million)
Figure 69. Rest of SAM Vertical Farming Market, Revenue and Forecast to 2028 (US$ Million)
Figure 70. Impact of COVID-19 Pandemic in North American Country Markets
Figure 71. Impact of COVID-19 Pandemic in Europe Country Markets
Figure 72. Impact of COVID-19 Pandemic in Asia Pacific Country Markets
Figure 73. Impact of COVID-19 Pandemic in Middle East and Africa Country Markets
Figure 74. Impact of COVID-19 Pandemic in South America Country Markets
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Eden Green Technology
- Elevate Farms Inc.
- iFarm
- OSRAM GmbH
- Plenty Unlimited Inc.
- Sky Greens
- Vertical Farm Systems
- Square Mile Farms
- Agrilution
- AeroFarms
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 145 |
| Published | October 2021 |
| Forecast Period | 2021 - 2028 |
| Estimated Market Value ( USD | $ 4300.2 Million |
| Forecasted Market Value ( USD | $ 19864.8 Million |
| Compound Annual Growth Rate | 24.4% |
| Regions Covered | Global |
