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Vertical Farming Market Report by Component, Structure, Growth Mechanism, Application, and Region 2024-2032

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    Report

  • 141 Pages
  • July 2024
  • Region: Global
  • IMARC Group
  • ID: 5820633
The global vertical farming market size reached US$ 5.6 Billion in 2023. Looking forward, the publisher expects the market to reach US$ 33.3 Billion by 2032, exhibiting a growth rate (CAGR) of 21.9% during 2023-2032. The increasing demand for sustainable farming, rising scarcity of arable land, rapid technological advancements, growing expenditure capacities of consumers, and the implementation of various government initiatives are some of the major factors propelling the market.

Vertical farming is a method of cultivating plants in vertically stacked layers or structures. It employs various methods, such as hydroponics, aeroponics, and aquaponics, to artificially control temperature, light, and humidity and produce the perfect micro-climate for farming. It is widely used to grow crops, such as lettuce, kale, spinach, basil, mint, parsley, cilantro, cucumbers, peppers, and micro radish around the year. Vertical farming is an eco-friendly farming technique that saves space, lowers energy consumption, minimizes water usage, mitigates transportation costs, and reduces manual labor. As compared to traditional framing techniques, vertical farming produces higher yields, eliminates dependence on seasonal changes, and reduces the need for pesticides and herbicides.

The increasing demand for sustainable farming to grow organic and nutritious food crops is one of the key factors contributing to the market growth. Vertical farming helps to conserve water through efficient recycling systems, promotes sustainability by minimizing resource consumption, and reduces the need for land. In line with this, the widespread cultivation adoption in urban areas to allow the cultivation of fresh produce in close proximity and reduce the need for long-distance transportation is acting as another growth-inducing factor. Additionally, the rising scarcity of arable land, coupled with escalating requirements for stabilized crop production to meet the increasing food demands, is propelling the market growth. Apart from this, rapid technological advancements, such as the utilization of automation and robotic systems that are employed for tasks such as planting, harvesting, and monitoring plant health, are providing an impetus to the market growth. Other factors, including the rising environmental concerns associated with traditional farming practices, the implementation of favorable government policies, and increasing expenditure capacities of consumers, are anticipated to drive the market toward growth.

Vertical Farming Market Trends/Drivers:

The increasing need for sustainable farming

The rising demand for more environmentally friendly and sustainable agriculture practices is supporting the market growth. Vertical farming systems employ various techniques, such as recirculating water systems, hydroponics, and aeroponics, to minimize water usage. In line with this, vertical farming helps preserve soil quality and allows for the conversion of non-arable or degraded land into productive farming spaces, which is favoring the market growth. Moreover, the increasing use of energy-efficient technologies, renewable energy sources, and reduced reliance on long-distance transportation help in lowering greenhouse gas emissions, which in turn is positively influencing the market growth. Besides this, vertical farming reduces or eliminates the use of chemical pesticides and herbicides due to a controlled indoor environment resulting in sustainable and environmentally friendly farming.

The rising scarcity of arable land

The growing population and rapid urbanization are key factors reducing the availability of arable land for traditional farming. Furthermore, arable land is being degraded due to factors such as soil erosion, pollution, and overuse of fertilizers which in turn is favoring the vertical farming market. Additionally, changing climatic conditions, including extreme weather events, droughts, and changing precipitation patterns, are propelling the market growth. In addition to this, the increasing adoption of vertical farming, as it provides a controlled environment where temperature, humidity, and light can be precisely regulated, mitigating the impact of climate change on crop production, is providing a considerable boost to the market growth. Besides this, vertical farming allows for the efficient use of space by growing crops in stacked layers, using artificial lighting and controlled environments to optimize plant growth, reducing the need for arable land.

Rapid technological advancements

Extensive research and development (R&D) activities are taking place in the field of vertical farming to enhance its efficiency, productivity, and sustainability. Additionally, the utilization of light-emitting diodes (LEDs) in vertical farming to provide energy-efficient and customizable lighting solutions is favoring the market growth. Moreover, the integration of artificial intelligence (AI) and data analytics to make real-time adjustments and analyze data on environmental conditions, plant health, and nutrient requirements is supporting the market growth. Besides this, the utilization of renewable energy sources such as solar panels and wind turbines to power operation, reduce reliance on the grid and contribute to a more sustainable and environmentally friendly farming model.

Vertical Farming Industry Segmentation:

The report provides an analysis of the key trends in each segment of the global vertical farming market report, along with forecasts at the global, regional, and country levels from 2024-2032. Our report has categorized the market based on component, structure, growth mechanism, and application.

Breakup by Component:

Irrigation Component
Lighting
Sensor
Climate Control
Building Material
Glass Greenhouse
Plastic Greenhouse
Others

Lighting dominates the vertical farming market

The report has provided a detailed breakup and analysis of the vertical farming market based on the component. This includes irrigation component, lighting, sensors, climate control, building material (glass greenhouse and plastic greenhouse), and others. According to the report, lighting represented the largest market segment.

Lighting is the primary component used in vertical farming as it increases the nutritional parameters of horticultural plants. Light-emitting diodes (LEDs) are widely used as they are highly energy-efficient compared to other lighting options and help to convert a higher percentage of electrical energy into usable light, minimizing energy wastage. Moreover, lighting is essential in vertical farming as it can be dimmed or brightened as needed, allowing growers to provide the appropriate light intensity at various growth stages. Apart from this, the introduction of various advanced lighting solutions that can be customized to provide specific wavelengths of light that are optimal for plant growth, resulting in healthier and more productive crops, is contributing to the market growth.

Breakup by Structure:

Building-based Vertical Farms
Container-based Vertical Farms

Container-based vertical farms represent the leading application in market

The report has provided a detailed breakup and analysis of the vertical farming market based on the structure. This includes building-based and container-based vertical farms. According to the report, container-based vertical farms represented the largest market segment.

Container-based structures are commonly used in vertical farming to create compact and modular growing environments. These containers provide a controlled environment for plant growth, allowing growers to optimize growing conditions. In addition to this, they can be stacked or arranged side by side to scale up the farming operation vertically or horizontally as needed. Moreover, container-based structures are prefabricated that offer quick setup and installation with minimal construction. These structures are equipped with built-in infrastructure such as electrical wiring, ventilation systems, and water supply, reducing the need for extensive on-site construction, which is positively influencing the market growth.

Breakup by Growth Mechanism:

Hydroponics
Aeroponics
Aquaponics

Hydroponics represents the leading segment

The report has provided a detailed breakup and analysis of the vertical farming market based on the growth mechanism. This includes hydroponics, aeroponics, and aquaponics. According to the report, hydroponics represented the largest market segment.

Hydroponics is a commonly used growth mechanism in vertical farming as it eliminates the need for traditional soil, reducing the risk of soil-borne diseases and enabling the reuse of water and nutrients, making it a highly water-efficient cultivation method. As compared to soil-based methods, hydroponics provides plants with direct access to nutrients and water, resulting in faster growth rates and increased crop yields. Furthermore, hydroponics also helps in sustainable agriculture practices and facilitate faster growth rates due to the direct availability of nutrients and optimal growing conditions.

Breakup by Application:

Indoor
Outdoor

The report has provided a detailed breakup and analysis of the vertical farming market based on the application. This includes indoor and outdoor.

Indoor vertical farming is widely preferred as it allows for year-round crop production and maximizes space utilization by growing plants in multiple layers or shelves. It further assists in providing precise control over environmental factors such as temperature, humidity, light, and air quality. Additionally, indoor farming practices reduce environmental impact by operating within a controlled environment and reducing the need for pesticides, herbicides, or fertilizers. Apart from this, the integration of LED lighting, climate control systems, nutrient delivery systems, and monitoring sensors for precise control, data-driven decision-making, and increased operational efficiency is providing a thrust to the market growth.

Breakup by Region:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Asia Pacific exhibits a clear dominance in the market, accounting for the largest vertical farming market share

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific represented the largest market for vertical farming.

Asia Pacific is dominating the global vertical farming market due to the growing land scarcity, urbanization, climate variability, and sustainable food production. The widespread adoption of vertical farming practices in the region as it is highly urbanized, with densely populated cities and limited available land for traditional agriculture. Moreover, the Asia Pacific region experiences diverse climates, ranging from tropical to temperate, which is facilitating the demand for vertical farming that allows year-round production irrespective of external weather conditions. Besides this, the implementation of various government initiatives to promote vertical farming by providing subsidies to farmers through the vertical garden scheme launched under various missions in the region.

Competitive Landscape:

Several key market players are significantly investing in research and development (R&D) projects to enhance efficiency, productivity, and sustainability in vertical farming. Moreover, researchers are focusing on nutrient dosages, composition, and timing to maximize plant growth and health. Furthermore, key players are optimizing the design and layout of vertical farming systems for improved space utilization, energy efficiency, and workflow management. Apart from this, the development of software platforms to manage and monitor vertical farming systems and integrate data from sensors, control systems, and environmental monitors, providing growers with real-time insights, analytics, and remote-control capabilities, is providing a considerable boost to the market growth.

The report has provided a comprehensive analysis of the competitive landscape in the global vertical farming market. Detailed profiles of all

AeroFarms
Agrilution Systems GmbH
AmHydro
Everlight Electronics Co. Ltd.

Freight Farms Inc.

Grönska Stadsodling
Heliospectra AB
Jones Food Company Limited
Koninklijke Philips N.V.

OSRAM GmbH (ams-OSRAM AG)
Signify N.V.

Urban Crop Solutions
Vertical Farm Systems Pty Ltd

Recent Developments:

In 2020, AeroFarms launched a new line of microgreens, including arugula, mustard greens, and wheatgrass, which are grown in their vertical farms. In 2019, the company announced a partnership with Dell Technologies to develop a machine learning platform that can optimize plant growth in vertical farms.

Freight Farms Inc. has continued to develop and improve their technology, including updates to their software platform and hardware components. They have also introduced new products, such as the Greenery, a smaller version of the LGM designed for homes and small-scale farming.

Urban Crop Solutions focuses on the integration of artificial intelligence (AI) and machine learning (ML) algorithms to optimize crop growth. It also uses modular systems, which allows for easy scalability and customization of its vertical farms.

Key Questions Answered in This Report

1. What is the market value of vertical farming?
2. What is the expected growth rate of the global vertical farming market during 2024-2032?
3. How profitable is vertical farming?
4. What is the scope of vertical farming?
5. Which is the biggest vertical farming in the world?
6. What is the Business opportunity of vertical farming?
7. Why vertical farming is trending?
8. What has been the impact of COVID-19 on the global vertical farming market?
9. What are the key factors driving the global vertical farming market?
10. What is the breakup of the global vertical farming market based on the component?
11. What is the breakup of the global vertical farming market based on the structure?
12. What is the breakup of the global vertical farming market based on growth mechanism?
13. What are the key regions in the global vertical farming market?
14. Who are the key players/companies in the global vertical farming market?

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Vertical Farming Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Component
6.1 Irrigation Component
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Lighting
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Sensors
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Climate Control
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Building Material
6.5.1 Market Trends
6.5.2 Key Segments
6.5.2.1 Glass Greenhouse
6.5.2.2 Plastic Greenhouse
6.5.3 Market Forecast
6.6 Others
6.6.1 Market Trends
6.6.2 Market Forecast
7 Market Breakup by Structure
7.1 Building-based Vertical Farms
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Container-based Vertical Farms
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by Growth Mechanism
8.1 Hydroponics
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Aeroponics
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Aquaponics
8.3.1 Market Trends
8.3.2 Market Forecast
9 Market Breakup by Application
9.1 Indoor
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Outdoor
9.2.1 Market Trends
9.2.2 Market Forecast
10 Market Breakup by Region
10.1 North America
10.1.1 United States
10.1.1.1 Market Trends
10.1.1.2 Market Forecast
10.1.2 Canada
10.1.2.1 Market Trends
10.1.2.2 Market Forecast
10.2 Asia-Pacific
10.2.1 China
10.2.1.1 Market Trends
10.2.1.2 Market Forecast
10.2.2 Japan
10.2.2.1 Market Trends
10.2.2.2 Market Forecast
10.2.3 India
10.2.3.1 Market Trends
10.2.3.2 Market Forecast
10.2.4 South Korea
10.2.4.1 Market Trends
10.2.4.2 Market Forecast
10.2.5 Australia
10.2.5.1 Market Trends
10.2.5.2 Market Forecast
10.2.6 Indonesia
10.2.6.1 Market Trends
10.2.6.2 Market Forecast
10.2.7 Others
10.2.7.1 Market Trends
10.2.7.2 Market Forecast
10.3 Europe
10.3.1 Germany
10.3.1.1 Market Trends
10.3.1.2 Market Forecast
10.3.2 France
10.3.2.1 Market Trends
10.3.2.2 Market Forecast
10.3.3 United Kingdom
10.3.3.1 Market Trends
10.3.3.2 Market Forecast
10.3.4 Italy
10.3.4.1 Market Trends
10.3.4.2 Market Forecast
10.3.5 Spain
10.3.5.1 Market Trends
10.3.5.2 Market Forecast
10.3.6 Russia
10.3.6.1 Market Trends
10.3.6.2 Market Forecast
10.3.7 Others
10.3.7.1 Market Trends
10.3.7.2 Market Forecast
10.4 Latin America
10.4.1 Brazil
10.4.1.1 Market Trends
10.4.1.2 Market Forecast
10.4.2 Mexico
10.4.2.1 Market Trends
10.4.2.2 Market Forecast
10.4.3 Others
10.4.3.1 Market Trends
10.4.3.2 Market Forecast
10.5 Middle East and Africa
10.5.1 Market Trends
10.5.2 Market Breakup by Country
10.5.3 Market Forecast
11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 AeroFarms
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.2 Agrilution Systems GmbH
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.3 AmHydro
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.4 Everlight Electronics Co. Ltd.
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.4.3 Financials
15.3.5 Freight Farms Inc.
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.6 Grönska Stadsodling
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.7 Heliospectra AB
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.7.3 Financials
15.3.8 Jones Food Company Limited
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.9 Koninklijke Philips N.V.
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.9.3 Financials
15.3.9.4 SWOT Analysis
15.3.10 OSRAM GmbH (ams-OSRAM AG)
15.3.10.1 Company Overview
15.3.10.2 Product Portfolio
15.3.10.3 Financials
15.3.11 Signify N.V.
15.3.11.1 Company Overview
15.3.11.2 Product Portfolio
15.3.11.3 Financials
15.3.12 Urban Crop Solutions
15.3.12.1 Company Overview
15.3.12.2 Product Portfolio
15.3.13 Vertical Farm Systems Pty Ltd
15.3.13.1 Company Overview
15.3.13.2 Product Portfolio
List of Figures
Figure 1: Global: Vertical Farming Market: Major Drivers and Challenges
Figure 2: Global: Vertical Farming Market: Sales Value (in Billion US$), 2018-2023
Figure 3: Global: Vertical Farming Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 4: Global: Vertical Farming Market: Breakup by Component (in %), 2023
Figure 5: Global: Vertical Farming Market: Breakup by Structure (in %), 2023
Figure 6: Global: Vertical Farming Market: Breakup by Growth Mechanism (in %), 2023
Figure 7: Global: Vertical Farming Market: Breakup by Application (in %), 2023
Figure 8: Global: Vertical Farming Market: Breakup by Region (in %), 2023
Figure 9: Global: Vertical Farming (Irrigation Component) Market: Sales Value (in Million US$), 2018 & 2023
Figure 10: Global: Vertical Farming (Irrigation Component) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 11: Global: Vertical Farming (Lighting) Market: Sales Value (in Million US$), 2018 & 2023
Figure 12: Global: Vertical Farming (Lighting) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 13: Global: Vertical Farming (Sensors) Market: Sales Value (in Million US$), 2018 & 2023
Figure 14: Global: Vertical Farming (Sensors) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 15: Global: Vertical Farming (Climate Control) Market: Sales Value (in Million US$), 2018 & 2023
Figure 16: Global: Vertical Farming (Climate Control) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 17: Global: Vertical Farming (Building Material) Market: Sales Value (in Million US$), 2018 & 2023
Figure 18: Global: Vertical Farming (Building Material) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 19: Global: Vertical Farming (Other Components) Market: Sales Value (in Million US$), 2018 & 2023
Figure 20: Global: Vertical Farming (Other Components) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 21: Global: Vertical Farming (Building-based Vertical Farms) Market: Sales Value (in Million US$), 2018 & 2023
Figure 22: Global: Vertical Farming (Building-based Vertical Farms) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 23: Global: Vertical Farming (Container-based Vertical Farms) Market: Sales Value (in Million US$), 2018 & 2023
Figure 24: Global: Vertical Farming (Container-based Vertical Farms) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 25: Global: Vertical Farming (Hydroponics) Market: Sales Value (in Million US$), 2018 & 2023
Figure 26: Global: Vertical Farming (Hydroponics) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 27: Global: Vertical Farming (Aeroponics) Market: Sales Value (in Million US$), 2018 & 2023
Figure 28: Global: Vertical Farming (Aeroponics) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 29: Global: Vertical Farming (Aquaponics) Market: Sales Value (in Million US$), 2018 & 2023
Figure 30: Global: Vertical Farming (Aquaponics) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 31: Global: Vertical Farming (Indoor) Market: Sales Value (in Million US$), 2018 & 2023
Figure 32: Global: Vertical Farming (Indoor) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 33: Global: Vertical Farming (Outdoor) Market: Sales Value (in Million US$), 2018 & 2023
Figure 34: Global: Vertical Farming (Outdoor) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 35: North America: Vertical Farming Market: Sales Value (in Million US$), 2018 & 2023
Figure 36: North America: Vertical Farming Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 37: United States: Vertical Farming Market: Sales Value (in Million US$), 2018 & 2023
Figure 38: United States: Vertical Farming Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 39: Canada: Vertical Farming Market: Sales Value (in Million US$), 2018 & 2023
Figure 40: Canada: Vertical Farming Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 41: Asia-Pacific: Vertical Farming Market: Sales Value (in Million US$), 2018 & 2023
Figure 42: Asia-Pacific: Vertical Farming Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 43: China: Vertical Farming Market: Sales Value (in Million US$), 2018 & 2023
Figure 44: China: Vertical Farming Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 45: Japan: Vertical Farming Market: Sales Value (in Million US$), 2018 & 2023
Figure 46: Japan: Vertical Farming Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 47: India: Vertical Farming Market: Sales Value (in Million US$), 2018 & 2023
Figure 48: India: Vertical Farming Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 49: South Korea: Vertical Farming Market: Sales Value (in Million US$), 2018 & 2023
Figure 50: South Korea: Vertical Farming Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 51: Australia: Vertical Farming Market: Sales Value (in Million US$), 2018 & 2023
Figure 52: Australia: Vertical Farming Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 53: Indonesia: Vertical Farming Market: Sales Value (in Million US$), 2018 & 2023
Figure 54: Indonesia: Vertical Farming Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 55: Others: Vertical Farming Market: Sales Value (in Million US$), 2018 & 2023
Figure 56: Others: Vertical Farming Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 57: Europe: Vertical Farming Market: Sales Value (in Million US$), 2018 & 2023
Figure 58: Europe: Vertical Farming Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 59: Germany: Vertical Farming Market: Sales Value (in Million US$), 2018 & 2023
Figure 60: Germany: Vertical Farming Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 61: France: Vertical Farming Market: Sales Value (in Million US$), 2018 & 2023
Figure 62: France: Vertical Farming Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 63: United Kingdom: Vertical Farming Market: Sales Value (in Million US$), 2018 & 2023
Figure 64: United Kingdom: Vertical Farming Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 65: Italy: Vertical Farming Market: Sales Value (in Million US$), 2018 & 2023
Figure 66: Italy: Vertical Farming Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 67: Spain: Vertical Farming Market: Sales Value (in Million US$), 2018 & 2023
Figure 68: Spain: Vertical Farming Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 69: Russia: Vertical Farming Market: Sales Value (in Million US$), 2018 & 2023
Figure 70: Russia: Vertical Farming Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 71: Others: Vertical Farming Market: Sales Value (in Million US$), 2018 & 2023
Figure 72: Others: Vertical Farming Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 73: Latin America: Vertical Farming Market: Sales Value (in Million US$), 2018 & 2023
Figure 74: Latin America: Vertical Farming Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 75: Brazil: Vertical Farming Market: Sales Value (in Million US$), 2018 & 2023
Figure 76: Brazil: Vertical Farming Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 77: Mexico: Vertical Farming Market: Sales Value (in Million US$), 2018 & 2023
Figure 78: Mexico: Vertical Farming Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 79: Others: Vertical Farming Market: Sales Value (in Million US$), 2018 & 2023
Figure 80: Others: Vertical Farming Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 81: Middle East and Africa: Vertical Farming Market: Sales Value (in Million US$), 2018 & 2023
Figure 82: Middle East and Africa: Vertical Farming Market: Breakup by Country (in %), 2023
Figure 83: Middle East and Africa: Vertical Farming Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 84: Global: Vertical Farming Industry: SWOT Analysis
Figure 85: Global: Vertical Farming Industry: Value Chain Analysis
Figure 86: Global: Vertical Farming Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Vertical Farming Market: Key Industry Highlights, 2023 and 2032
Table 2: Global: Vertical Farming Market Forecast: Breakup by Component (in Million US$), 2024-2032
Table 3: Global: Vertical Farming Market Forecast: Breakup by Structure (in Million US$), 2024-2032
Table 4: Global: Vertical Farming Market Forecast: Breakup by Growth Mechanism (in Million US$), 2024-2032
Table 5: Global: Vertical Farming Market Forecast: Breakup by Application (in Million US$), 2024-2032
Table 6: Global: Vertical Farming Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 7: Global: Vertical Farming Market: Competitive Structure
Table 8: Global: Vertical Farming Market: Key Players

Companies Mentioned

  • AeroFarms
  • Agrilution Systems GmbH
  • AmHydro
  • Everlight Electronics Co. Ltd.
  • Freight Farms Inc.
  • Grönska Stadsodling
  • Heliospectra AB
  • Jones Food Company Limited
  • Koninklijke Philips N.V.
  • OSRAM GmbH (ams-OSRAM AG)
  • Signify N.V.
  • Urban Crop Solutions
  • Vertical Farm Systems Pty Ltd.

Methodology

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Table Information