Prime agricultural land can be scarce and expensive. With worldwide population growth, the demand for both more food and more land to grow food is ever increasing. One solution to our need for more space is vertical farming, involves growing crops in controlled Vegetable Cultivation environments, with precise light, nutrients, and temperatures. In vertical farming, growing plants are stacked in layers that may reach several stories tall.
Vertical Farming Market contains market size and forecasts of Vertical Farming in global, including the following market information:
- Global Vertical Farming Market Revenue, 2017-2022, 2023-2028, ($ millions)
- Global Vertical Farming Market Sales, 2017-2022, 2023-2028, (MT)
Global top five Vertical Farming companies in 2021 (%)
The global Vertical Farming market was valued at 5863 million in 2021 and is projected to reach US$ 57510 million by 2028, at a CAGR of 38.6% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Hydroponics Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Vertical Farming include AeroFarms, Gotham Greens, Plenty (Bright Farms), Lufa Farms, Beijing IEDA Protected Horticulture, Green Sense Farms, Garden Fresh Farms, Mirai and Sky Vegetables, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Vertical Farming manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Vertical Farming Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (MT)
Global Vertical Farming Market Segment Percentages, by Type, 2021 (%)
- Hydroponics
- Aeroponics
- Others
Global Vertical Farming Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (MT)
Global Vertical Farming Market Segment Percentages, by Application, 2021 (%)
- Vegetable Cultivation
- Fruit Planting
- Others
Global Vertical Farming Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (MT)
Global Vertical Farming Market Segment Percentages, By Region and Country, 2021 (%)
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Russia
- Nordic Countries
- Benelux
- Rest of Europe
- Asia
- China
- Japan
- South Korea
- Southeast Asia
- India
- Rest of Asia
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- Turkey
- Israel
- Saudi Arabia
- UAE
- Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
- Key companies Vertical Farming revenues in global market, 2017-2022 (Estimated), ($ millions)
- Key companies Vertical Farming revenues share in global market, 2021 (%)
- Key companies Vertical Farming sales in global market, 2017-2022 (Estimated), (MT)
- Key companies Vertical Farming sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
- AeroFarms
- Gotham Greens
- Plenty (Bright Farms)
- Lufa Farms
- Beijing IEDA Protected Horticulture
- Green Sense Farms
- Garden Fresh Farms
- Mirai
- Sky Vegetables
- TruLeaf
- Urban Crops
- Sky Greens
- GreenLand
- Scatil
- Jingpeng
- Metropolis Farms
- Plantagon
- Spread
- Sanan Sino Science
- Nongzhong Wulian
- Vertical Harvest
- Infinite Harvest
- FarmedHere
- Metro Farms
- Green Spirit Farms
- Indoor Harvest
- Sundrop Farms
- Alegria Fresh
- Farmbox
- Greener Roots Farm
Industry Market Size
