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Vertical Farming Market Insights, Forecast to 2021 Analysis by Application, Size, Production, Market Share, Consumption, Trends and Forecast 2030

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Vertical Farming Market size was accounted  at USD 3.3 billion in 2020 and is projected to reach USD 31.6 billion by 2030, growing at compound annual growth rate (CAGR) of 25.2% during the forecast period 2021 to 2030.

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Growth Factors

In the vertical farming industry, the implementation of harvesting robots, greenhouse roof washers and automated seed planters has been instrumental in reducing operational costs and increasing revenue. The automated movement of plants is becoming increasingly common. It includes the seeding, transplanting, harvesting, packaging, and cleaning unit tasks which, in turn, boost the demand for vertical farming. The primary factor that will have a positive effect on the vertical farming market in the coming years is the rapidly increasing global population and the demand for higher agricultural yields on limited arable land. For example, according to the Food & Agricultural Organization (FAO), by 2050, urban regions worldwide are expected to hold about 70 percent of the global population, which will place pressure on agricultural productivity to increase in the coming years. This method has numerous advantages over traditional farming, such as less reliance on soil fertility, low water usage, and regulated weather conditions through agrochemicals, which during the forecast spell will turn the entire agro-business. In addition, its capacity to produce fruits, vegetables and herbs of high quality throughout the year would further increase product development in the near term.

Report Highlights Details
Market Size US$ 31.6 billion by 2030
Growth Rate CAGR of 25.2% from 2021 to 2030
Base Year 2020
Historic Data 2017 to 2020
Forecast Period 2021 to 2030
Segments Covered Component, Fruits, Vegetables & Herbs, Structure
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA)
Companies Mentioned 4D Bios Inc, Illumitex Inc, Urban Crop Solutions, Koninklijke Philips N.V., AMHYDRO (American Hydroponics), AeroFarms, Agrilution, Everlight Electronics Co., Ltd, Hort Americas, Others

Report Highlights

  • The level of competition is high because of the involvement of a limited number of players in the vertical farming industry. The market is also rising at a remarkable rate, which intensifies the rivalry among the players in the market.
  • Asia-Pacific, North America and Europe are highly inclined to implement urban farming strategies, with main competitors concentrating primarily on expanding their product offerings in the vertical farming industry in these areas.

Key Players

  • 4D Bios Inc
  • Illumitex Inc
  • Urban Crop Solutions
  • Koninklijke Philips N.V.
  • AMHYDRO (American Hydroponics)
  • AeroFarms
  • Agrilution
  • Everlight Electronics Co., Ltd
  • Hort Americas
  • Others

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Overview of the Study

This market report studies market dynamics, status and outlook especially in North America, Europe and Asia-Pacific, Latin America, Middle East and Africa. This research report offers scenario and forecast (revenue/volume). This report also studies global market prominence, competitive landscape, market share, growth rate, market dynamics such as drivers, restraints and opportunities, and distributors and sales channel.

This research study also integrates Industry Chain analysis and Porter’s Five Forces Analysis. Further, this report offers competitive scenario which comprises collaborations, market concentration rate and expansions, mergers & acquisitions undertaken by companies.

Key Points of the Global Vertical Farming Market Report:

The report provides a basic overview of the Vertical Farming industry including its definition, applications, and manufacturing technology.

The report also explores the major international players in detail. In this part, the report presents the company profile, product specifications, capacity, and production value up to ‘2030 year’, along with the market shares for each company.

Through the statistical analysis, the study depicts the global market for Vertical Farming including capacity, production, production value, cost/profit, and supply/demand from an international perspective.

Considering segmentation, the market is divided in terms of product, end-use, company, region, and other important aspects. Each of these categories forms an important base point for the competitive landscape analysis.

The report then estimates the market development and trends of the Vertical Farming industry up to 2030.

The report hints at crucial information associated with new market developments being undertaken in the Vertical Farming industry before evaluating its feasibility.

Market Segmentation

By Component

  • Hydroponic Components
  • Lighting
  • Climate Control
  • Sensor

By Fruits, Vegetables & Herbs

  • Bell & Chili peppers
  • Strawberry
  • Tomato
  • Lettuce
  • Cucumber
  • Herbs
  • Leafy Greens (excluding lettuce)
  • Others

By Structure

  • Shipping Container
  • Building-based

Reasons to Purchase this Report:

Estimates Vertical Farming development trends with SWOT analysis

Detailed business profiles including product offerings, recent developments, key financial information, and strategies employed by main market players

Analysis of various regions and countries that includes the demand and supply based actions, which consequently have a major influence on the market’s expansion

Market dynamics scenario, along with growth opportunities for players in the years to come

Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the mentioned forecast period

Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective
1.2. Scope of the Study
1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach
2.2. Data Sources
2.3. Assumptions& Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Vertical farming Market Variables and Scope

4.1. Introduction
4.2. Market Classification and Scope

Chapter 5. COVID 19 Impact on Vertical farming Market

5.1. Covid-19: Vertical farming Industry Impact
5.2. Vertical farming Business Impact Assessment: Covid-19
5.2.1. Services Challenges/Disruption
5.2.2. Market Trends and Vertical farming Opportunities in the COVID-19 Landscape for Major Markets
5.3. Strategic Measures against Covid-19
5.3.1. Government Support and Initiative to Combat Covid-19
5.3.2. Proposal for Vertical farming Market Players to deal with Covid-19 Pandemic Scenario

Chapter 6. Vertical farming Market Dynamics Analysis and Trends

6.1. Market Dynamics
6.1.1. Market Drivers
6.1.1.1. Scarcity of farming land
6.1.1.2. Soaring population levels leading to imbalances in food demand and supply
6.1.2. Market Restraints
6.1.2.1. High energy consumption
6.1.3. Market Opportunities
6.1.3.1. Emerging applications

Chapter 7. Global Vertical farming Market: Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis
7.1.1.1. Vertical farming Market Revenue by Market Players (2015-2020)
7.1.1.2. Vertical farming Market Revenue Market Share by Market Players (2015-2020)
7.1.2. Key Organic/Inorganic Strategies Adopted by Players
7.1.2.1. Product Portfolio Expansion, Geographic Expansion, Product Innovation
7.1.2.2. Merger and Acquisition, Collaboration and Partnerships
7.1.3. Market Players Landscape
7.1.3.1. List of Offering Suppliers
7.1.3.2. List of Fruits, Vegetables &Herbs

Chapter 8. Global Vertical farming Market, By Component

8.1. Vertical farming Market, by Component, 2017-2030
8.1.1. Hydroponic Components
8.1.1.1. Market Revenue and Forecast (2017-2030)
8.1.2. Lighting
8.1.2.1. Market Revenue and Forecast (2017-2030)
8.1.3. Climate Control
8.1.3.1. Market Revenue and Forecast (2017-2030)
8.1.4. Sensors
8.1.4.1. Market Revenue and Forecast (2017-2030)

Chapter 9. Global Vertical farming Market, By Structure

9.1. Vertical farming Market, by Structure, 2017-2030
9.1.1. Shipping Container
9.1.1.1. Market Revenue and Forecast (2017-2030)
9.1.2. Building-based
9.1.2.1. Market Revenue and Forecast (2017-2030)

Chapter 10. Global Vertical farming Market, By Fruits, Vegetables & Herbs

10.1. Vertical farming Market, by Fruits, Vegetables & Herbs, 2017-2030
10.1.1. Bell & Chili peppers
10.1.1.1. Market Revenue and Forecast (2017-2030)
10.1.2. Strawberry
10.1.2.1. Market Revenue and Forecast (2017-2030)
10.1.3. Tomato
10.1.3.1. Market Revenue and Forecast (2017-2030)
10.1.4. Lettuce
10.1.4.1. Market Revenue and Forecast (2017-2030)
10.1.5. Cucumber
10.1.5.1. Market Revenue and Forecast (2017-2030)
10.1.6. Herbs
10.1.6.1. Market Revenue and Forecast (2017-2030)
10.1.7. Leafy Greens
10.1.7.1. Market Revenue and Forecast (2017-2030)
10.1.8. Others
10.1.8.1. Market Revenue and Forecast (2017-2030)

Chapter 11. Global Vertical farming Market, Regional Estimates and Trend Forecast

11.1. North America
11.1.1. Market Revenue Forecast by Component (2017-2030)
11.1.2. Market Revenue Forecast by Structure(2017-2030)
11.1.3. Market Revenue Forecast by Fruits, Vegetables & Herbs (2017-2030)
11.1.4. U.S
11.1.4.1. Market Revenue Forecast (2017-2030)
11.1.5. Canada
11.1.5.1. Market Revenue Forecast (2017-2030)
11.2. Europe
11.2.1. Market Revenue Forecast by Component (2017-2030)
11.2.2. Market Revenue Forecast by Structure (2017-2030)
11.2.3. Market Revenue Forecast by Fruits, Vegetables & Herbs (2017-2030)
11.2.4. UK
11.2.4.1. Market Revenue Forecast (2017-2030)
11.2.5. Germany
11.2.5.1. Market Revenue Forecast (2017-2030)
11.2.6. France
11.2.6.1. Market Revenue Forecast (2017-2030)
11.2.7. Rest of EU
11.2.7.1. Market Revenue Forecast (2017-2030)
11.3. Asia Pacific (APAC)
11.3.1. Market Revenue Forecast by Component (2017-2030)
11.3.2. Market Revenue Forecast by Structure (2017-2030)
11.3.3. Market Revenue Forecast by Fruits, Vegetables & Herbs (2017-2030)
11.3.4. China
11.3.4.1. Market Revenue Forecast (2017-2030)
11.3.5. India
11.3.5.1. Market Revenue Forecast (2017-2030)
11.3.6. Japan
11.3.6.1. Market Revenue Forecast (2017-2030)
11.3.7. Rest of APAC
11.3.7.1. Market Revenue Forecast (2017-2030)
11.4. LATAM
11.4.1. Market Revenue Forecast by Component (2017-2030)
11.4.2. Market Revenue Forecast by Structure (2017-2030)
11.4.3. Market Revenue Forecast by Fruits, Vegetables & Herbs (2017-2030)
11.4.4. Brazil
11.4.4.1. Market Revenue Forecast (2017-2030)
11.4.5. Rest of LATAM
11.4.5.1. Market Revenue Forecast (2017-2030)
11.5. Middle East and Africa (MEA)
11.5.1. Market Revenue Forecast by Component (2017-2030)
11.5.2. Market Revenue Forecast by Structure (2017-2030)
11.5.3. Market Revenue Forecast by Fruits, Vegetables & Herbs (2017-2030)
11.5.4. GCC
11.5.4.1. Market Revenue Forecast (2017-2030)
11.5.5. North Africa
11.5.5.1. Market Revenue Forecast (2017-2030)
11.5.6. South Africa
11.5.6.1. Market Revenue Forecast (2017-2030)
11.5.7. Rest of MEA
11.5.7.1. Market Revenue Forecast (2017-2030)

Chapter 12. Company Profiles

12.1. 4D Bios Inc
12.1.1. Company Overview, Business Information, Regional Presence
12.1.2. Product Portfolio Analysis
12.1.2.1. Product Details, Specification, Structure
12.1.3. Revenue, Price, and Gross Margin (2015-2020)
12.1.4. Recent Developments and Strategies
12.2. Illumitex Inc
12.2.1. Company Overview, Business Information, Regional Presence
12.2.2. Product Portfolio Analysis
12.2.2.1. Product Details, Specification, Structure
12.2.3. Revenue, Price, and Gross Margin (2015-2020)
12.2.4. Recent Developments and Strategies
12.3. Urban Crop Solutions
12.3.1. Company Overview, Business Information, Regional Presence
12.3.2. Product Portfolio Analysis
12.3.2.1. Product Details, Specification, Structure
12.3.3. Revenue, Price, and Gross Margin (2015-2020)
12.3.4. Recent Developments and Strategies
12.4. Koninklijke Philips N.V.
12.4.1. Company Overview, Business Information, Regional Presence
12.4.2. Product Portfolio Analysis
12.4.2.1. Product Details, Specification, Structure
12.4.3. Revenue, Price, and Gross Margin (2015-2020)
12.4.4. Recent Developments and Strategies
12.5. AMHYDRO (American Hydroponics)
12.5.1. Company Overview, Business Information, Regional Presence
12.5.2. Product Portfolio Analysis
12.5.2.1. Product Details, Specification, Structure
12.5.3. Revenue, Price, and Gross Margin (2015-2020)
12.5.4. Recent Developments and Strategies
12.6. AeroFarms
12.6.1. Company Overview, Business Information, Regional Presence
12.6.2. Product Portfolio Analysis
12.6.2.1. Product Details, Specification, Structure
12.6.3. Revenue, Price, and Gross Margin (2015-2020)
12.6.4. Recent Developments and Strategies
12.7. Agrilution
12.7.1. Company Overview, Business Information, Regional Presence
12.7.2. Product Portfolio Analysis
12.7.2.1. Product Details, Specification, Structure
12.7.3. Revenue, Price, and Gross Margin (2015-2020)
12.7.4. Recent Developments and Strategies
12.8. Everlight Electronics Co., Ltd
12.8.1. Company Overview, Business Information, Regional Presence
12.8.2. Product Portfolio Analysis
12.8.2.1. Product Details, Specification, Structure
12.8.3. Revenue, Price, and Gross Margin (2015-2020)
12.8.4. Recent Developments and Strategies
12.9. Hort Americas
12.9.1. Company Overview, Business Information, Regional Presence
12.9.2. Product Portfolio Analysis
12.9.2.1. Product Details, Specification, Structure
12.9.3. Revenue, Price, and Gross Margin (2015-2020)
12.9.4. Recent Developments and Strategies
12.10. Sky Greens
12.10.1. Company Overview, Business Information, Regional Presence
12.10.2. Product Portfolio Analysis
12.10.2.1. Product Details, Specification, Structure
12.10.3. Revenue, Price, and Gross Margin (2015-2020)
12.10.4. Recent Developments and Strategies

Chapter 13. Appendix

13.1. About Us
13.2. Glossary of Terms

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