Global Vertical Farming Market was valued at USD 2.81 billion in 2021 and is expected to reach USD 7.03 billion by the year 2028, at a CAGR of 14%.
Vertical farming is the process of cultivating crops in layers that are piled vertically. It frequently integrates soilless farming techniques such as hydroponics, Aquaponics, and Aeroponics, as well as controlled-environment agriculture, which tries to optimize plant development. Buildings, shipping containers, tunnels, and abandoned mine shafts are some of the most frequent structures used to house vertical farming systems. There will be approximately 30 hectares (74 acres) of operational vertical agriculture in the world by 2020. Dickson Despommier, a Columbia University professor of public and environmental health, created the contemporary concept of vertical farming in 1999.
The research opens with a succinct summary and overview of the Vertical Farming market, including information on the leading market players, competitive landscape, trends, and product type, application, and region. The effects of COVID-19 (Omicron) on market trends, projections for the future, growth possibilities, end-user industries, and market participants are also covered. Insights about the market for Vertical Farming’s past, present, and future are also provided. With regard to the Vertical Farming market’s product price, demand, gross margin, and supply, this analysis offers a thorough grasp of market value. The report’s section on the competition landscape gives readers a thorough understanding of the market share analysis of the top competitors in the sector.
Key Prominent Players In The Vertical Farming Market:
FarmVisionAI (US),AmHydro (US),Mirai Co. Ltd (Japan),Osram Licht AG (Germany),Freight Farms (US),AeroFarms LLC (US),Bright Farms (US),Sky Greens (Singapore),Spread Co. Ltd.; (Japan),Plenty Unlimited Inc. (the US),Future Crops (Netherlands), Vertical Farm Systems (Australia), Valoya (Finland), Everlight Electronics Co. Ltd. (Taiwan), Heliospectra AB (Sweden), Intelligent Growth Solutions (Scotland), Green Sense Farms (US), Agrilution Systems GmbH (Germany), Vertical Future Ltd (UK), Urban Crop solutions (Belgium), Bowery Farming (US), Agricool (France), Swegreen (Sweden), Sananbio (US), Growpod Solutions (US), Infarm (Germany), Altius Farms (US), Signify Holding (Netherlands), 4D BIOS INC (US), General Hydroponics Inc. (US) and other major players.
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The Vertical Farming market is segmented by type and application. Growth between segments over the period 2022-2028 provides accurate calculations and forecasts of revenue by type and application in terms of volume and value. This analysis can help you expand your business by targeting eligible niches.
Vertical Farming Market Segment by Types, Estimates, and Forecast by 2028
Lighting, Hydroponic Components, Climate Control, Sensors, Software & Services
Vertical Farming Market Segment by Applications, Estimates, and Forecast by 2028
Shipping Container, Building-based
Regional Analysis for COVID-19 Outbreak-Global Vertical Farming Market:
- APAC (Japan, China, South Korea, Australia, India, and Rest of APAC)
- Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
- North America (U.S., Canada, and Mexico)
- South America (Brazil, Chile, Argentina, Rest of South America)
- MEA (Saudi Arabia, UAE, South Africa)
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Key Industry Developments in the Vertical Farming Market:
In June 2021, Osram Licht AG, a company based in Germany, has added Osconiq S 5050 to their horticulture range. It solves a major issue with white LED lighting, leading to cheaper energy costs and more efficient illumination for indoor farmers.
In August 2021, the US-based company AeroFarms LLC has declared that it would extend to the Middle West region as part of a project with the World Wildlife Fund (WWF) and St. Louis Controlled Environment Agriculture Coalition (STLCEA) to demonstrate novel strategies to overcome the environmental footprint of indoor vertical farming.
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COVID-19 Impact on the Vertical Farming Market:
All types of farming systems were influenced, more or less severely, by the various measures implemented by governments, such as reduced mobility, closure of public and private venues, and border restrictions, ranging from corporate agricultural production systems to small and medium scale entrepreneurs and smallholder subsistence farm households. To deal with the COVID-19 pandemic, all types of farming systems implemented a series of mechanisms, including the development of alternative value chains, food and agricultural product delivery systems, and the exponential use of digital means to communicate and maintain the viability of the various agricultural systems.
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Table of Contents
Global Vertical Farming Market Research Report 2022 – 2028
Chapter 1 Vertical Farming Market Overview
Chapter 2 Global Economic Impact on Industry
Chapter 3 Global Market Competition by Manufacturers
Chapter 4 Global Production, Revenue (Value) by Region
Chapter 5 Global Supply (Production), Consumption, Export, Import by Regions
Chapter 6 Global Production, Revenue (Value), Price Trend by Type
Chapter 7 Global Market Analysis by Application
Chapter 8 Manufacturing Cost Analysis
Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10 Marketing Strategy Analysis, Distributors/Traders
Chapter 11 Market Effect Factors Analysis
Chapter 12 Global Vertical Farming Market Forecast
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