#Vertical Farming Produce Market Forecast

[industrynewsupdates]

Vertical Farming Market Recent Trends and Growth Analysis Report 2024 – 2030

The global vertical farming market size is expected to reach USD USD 24.95 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 20.1% from 2023 to 2030. Increased use of Internet of Things (IoT) sensors for producing crops is likely to spur market demand over the forecast period. Information obtained from the sensors is stored on the cloud and analyzed to perform the required actions. The growing automation in agriculture and increasing use of big data and predictive analytics for maximizing yields are also likely to drive the market.

Vertical farming is effective in ensuring stability in crop production and maintaining reliability even in adverse climatic conditions. It provides multiple benefits over the traditional farming technique, such as less use of water, the lesser need for agrochemicals, and low dependence on agricultural labor. Vertical farming makes use of metal reflectors and artificial lighting to maximize natural sunlight.

Genetically modified organisms and the environmental and health effects of pesticides and other non-natural substances that are used for increasing agricultural production have encouraged consumers to adopt organic foods. According to the Organic Trade Association, the U.S. organic industry sales increased by around 5% in 2019 owing to the increased investment in infrastructure and education. As per the Organic Foods Production Act of 1990, the handlers and growers of organic products need to comply with the regulations.

Gather more insights about the market drivers, restrains and growth of the Vertical Farming Market

Detailed Segmentation:

Market Concentration & Characteristics

The vertical farming market growth stage is high. The vertical farming market is witnessing a significant degree of innovation, marked by the adoption of advanced technologies such as sensors and cameras in order to enhance resource efficiency, increase yields, and address challenges such as limited space and environmental constraints. Also, technologies such as hydroponics, aeroponics, LED grow lights, and automation systems are commonly employed to enhance efficiency and crop quality.

Market Dynamics

The growth of the vertical farming market is attributed to factors such as steady population growth, government incentives, limited availability of cultivable land, and the increasing demand for high-quality and fresh food. Moreover, the increasing consumer demand for organic food is positively impacting the growth of the vertical farming market, creating favorable business opportunities. With consumers placing a higher value on organic products, vertical farming is a viable solution to meet this demand.

Component Insights

On the basis of components, vertical farming market is segmented into hardware, software, and services. The hardware segment accounted for the largest market share in 2022. Hardware plays a significant role in maintaining an environment in vertical farming. The segment is further categorized into lighting, hydroponic components, climate control, and sensors. The lighting segment led the market and accounted for more than 44.46% of global hardware revenue in 2022. A large share of the lighting segment can be attributed to the dependence of vertical farms on artificial lighting. Artificial lights provide sufficient light intensities required for crop growth. The climate control segment is expected to register the highest CAGR of 20.6% over forecast period. Increasing adoption of hydroponic components by farmers to minimize weight load and infrastructure needed to support equipment is anticipated to drive demand for hydroponic components.

Growing Mechanism Insights

The Hydroponics segment registered the largest market share in 2022 and is expected to remain dominant between 2023 and 2030. Hydroponics is a popular growth mechanism due to low installation costs and ease of operations. It is a method of growing plants without soil, where soil is replaced by mineral solution inserted around plant roots. Additionally, the hydroponics method removes the risk of soil organisms causing diseases.

Crop Category Insights

The fruits, vegetables, & herbs segment registered the largest market share in 2022 and is expected to remain dominant between 2023 and 2030. Increasing cultivation of commonly grown fruits and vegetables in vertical farming is driving segment growth. Crops grown in vertical farming provide maximum profit to companies involved in their cultivation. At the same time, vertical farming improves biodiversity as it does not cause land disturbances. As such, vertical farming is in high demand for growing different types of crops. Further, fruits, vegetables, & herbs are segmented into tomato, lettuce, bell, chili peppers, strawberry, cucumber, leafy greens (excluding lettuce), herbs, and others. Among which tomatoes segment led the market and accounted for more than 24.23% of global fruits, vegetables, & herbs revenue in 2022. 

Structure Insights

The shipping container segment dominated the market with a share of about 53.32% in 2022 and is expected to remain dominant between 2023 and 2030. This growth is attributed to the ability of structure to help grow crops irrespective of geographic location. One of the primary benefits of container-based farming is that container farms are easy to transport, and one doesn't require a large piece of land or dedicated building to start cultivating.

Regional Insights

In terms of revenue, Europe dominated the vertical farming market in 2022 with a share of approximately 31.7% and is expected to remain dominant between 2023 and 2030. Growing awareness regarding the importance of alternative farming owing to less availability of fertile agricultural land and increasing population in the region is the key factor anticipated to spur the demand.

Browse through Grand View Research's Next Generation Technologies Industry Research Reports.

• The global synthetic data generation market size was valued at USD 218.4 million in 2023 and is projected to grow at a CAGR of 35.3% from 2024 to 2030. 

• The global service virtualization market size was valued at USD 786.0 Million in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 17.4% from 2024 to 2030. 

Key Companies & Market Share Insights

Some of the key players operating in the market include Agrilution GmbH; Aerofarm; Brightfarms Inc.; Everlight Electronics Co., Ltd; Freight Farms; GrowUp Urban Farms Ltd.; Green Sense Farms, LLC; Vertical Farm Systems.

• Vertical Farm Systems is engaged in the development of fully automated growing systems with reusable medium and energy efficient climate cells. The company utilizes artificial intelligence (AI) and automation for optimized growing conditions.

• Brightfarms Inc., is an indoor farming company that provides fresh packaged salad. The company sells their product locally that are grown in controlled environment. The company is inclined towards development of efficient vertical farming system with a focus on resource efficiency and sustainable practices.

Key Vertical Farming Companies:

• AeroFarms (U.S.)

• Illumitex, Inc. (U.S.)

• American Hydroponics (U.S.)

• Agrilution GmbH

• Brightfarms Inc.

• Everlight Electronics Co., Ltd.

• Freight Farms

• GrowUp Urban Farms Ltd.

• Green Sense Farms, LLC

• Vertical Farm Systems.

Vertical Farming Market Segmentation

Grand View Research has segmented the global vertical farming market report based on structure, growing mechanism, crop category and region

Vertical Farming Structure Outlook (Revenue, USD Million, 2017 - 2030)

• Shipping Container

• Building-based

Vertical Farming Component Outlook (Revenue, USD Million, 2017 - 2030)

• Hardware

o Lighting

o Hydroponic components

o Climate control

o Sensors

• Software

• Services

o System Integration & Consulting

o Managed Services

o Assisted Professional Services

Vertical Farming Growing Mechanism Outlook (Revenue, USD Million, 2017 - 2030)

• Hydroponics

• Aeroponics

• Aquaponics

Vertical Farming Crop Category Outlook (Revenue, USD Million, 2017- 2030)

• Fruits Vegetables, & Herbs

o Tomato

o Lettuce

o Bell & Chili Peppers

o Strawberry

o Cucumber

o Leafy Greens (excluding lettuce)

o Herbs

o Others

• Flowers & Ornamentals

o Perennials

o Annuals

o Ornamentals

• Others (Cannabis, Microgreens)

Vertical Farming Regional Outlook (Revenue, USD Million, 2017 - 2030)

• North America

o U.S.

o Canada

o Mexico

• Europe

o Germany

o U.K.

o France

o Italy

o Spain

• Asia Pacific

o China

o Japan

o India

o Singapore

o South Korea

• South America

o Brazil

• Middle East and Africa (MEA)

Order a free sample PDF of the Vertical Farming Market Intelligence Study, published by Grand View Research.

Recent Developments

• In March 2023, BrightFarms, a pioneer in the indoor farming industry, is growing by establishing four additional regional greenhouse centers that introduce sustainably farmed leafy greens to a broader audience in the Eastern and Central United States. The newly built greenhouse centers are expected to meet the rising demand for organic food and initiate distribution to retailers by 2024. With this expansion, the company is expecting 10x revenue growth by 2024.

• In February 2023, AeroFarms and Public Investment Fund (PIF), a wealth funding body of Saudi Arabia, announced a joint venture to establish indoor vertical farms in the Middle East and Saudi Arabia.

[market-insider]

Market Report on Vertical Farming Products: Understanding Size, Share, and Growth Trajectories

The global vertical farming market size is expected to reach USD USD 24.95 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 20.1% from 2023 to 2030. Increased use of Internet of Things (IoT) sensors for producing crops is likely to spur market demand over the forecast period. Information obtained from the sensors is stored on the cloud and analyzed to perform the required actions. The growing automation in agriculture and increasing use of big data and predictive analytics for maximizing yields are also likely to drive the market.

Vertical farming is effective in ensuring stability in crop production and maintaining reliability even in adverse climatic conditions. It provides multiple benefits over the traditional farming technique, such as less use of water, the lesser need for agrochemicals, and low dependence on agricultural labor. Vertical farming makes use of metal reflectors and artificial lighting to maximize natural sunlight.

Genetically modified organisms and the environmental and health effects of pesticides and other non-natural substances that are used for increasing agricultural production have encouraged consumers to adopt organic foods. According to the Organic Trade Association, the U.S. organic industry sales increased by around 5% in 2019 owing to the increased investment in infrastructure and education. As per the Organic Foods Production Act of 1990, the handlers and growers of organic products need to comply with the regulations.

Artificial lighting helps in extending the hours of natural daylight, which further increases the health, growth rate, and yield of the plants. Artificial lighting such as high-pressure sodium lighting and LED lighting can extend the availability of crops (throughout a season). LED lighting systems produce a dual-band color spectrum and generate low heat. They are anticipated to witness significant growth over the forecast period.

A hydroponic system is a method of growing plants without soil. A hydroponic system eliminates the need for pesticides and artificial ripening agents and helps in producing nutritionally-rich vegetables. However, factors such as high initial investment and fewer crop varieties are likely to restrain the market growth.

For More Details or Sample Copy please visit link @: Vertical Farming Market Report

Vertical Farming Market Report Highlights

The escalating production of biopharmaceutical products is anticipated to drive the market

The shipping container segment accounted for the largest market share in 2022. Shipping container-based farming uses less water than traditional farming with drip irrigation. Shipping containers can be easily stacked, modified, recycled, and refurbished at a lower cost. Additionally, the excess availability of unused shipping containers across the region will likely influence segment growth over the forecast period

The hardware segment accounted the largest market share in 2022. The hardware plays a significant role in maintaining the environment of the indoor farms. The segment is further categorized into climate control systems, lighting systems, sensors, and irrigation systems, which enables the cultivation of indoor-grown crops

The fruits vegetables, & herbs segment is also expected to have considerable growth over the forecast period. The increasing cultivation of commonly grown fruits and vegetables in greenhouses is driving the segment growth. Crops grown in vertical farming provide maximum profit to companies involved in their cultivation

Based on offering, the climate control segment is expected to witness high growth over the forecast period as the growth of crops can be controlled by monitoring and adjusting the concentrations of minerals

By growing mechanism, the aeroponics segment is expected to observe considerable growth over the forecast period as the aeroponics facilitate fast growth in plants (under normal conditions)

The North American regional market is expected to witness significant growth over the forecast period owing to the expansion of small-scale, commercial vertical farms

Gain deeper insights on the market and receive your free copy with TOC now @: Vertical Farming Market Report

We have segmented the global vertical farming market report based on structure, growing mechanism, crop category and region.

[marketanalysisdata]

Smart Agriculture Market set to Witness Rapid Growth by 2030

The global smart agriculture market size is expected to reach USD 54.71 billion by 2030, registering a CAGR of 13.7% during the forecast period, according to a new report by Grand View Research, Inc. The major factors driving the growth of the agtech industry are the increasing use of Artificial Intelligence (AI) and Internet of Things (IoT) and the integration of image processing technologies into agriculture. Agriculture has grown significantly in recent years owing to precision agriculture practices. The development plan of several nations, such as India, China, and Brazil, emphasizes digital transformation and digitization across various sectors, including agriculture.

The smart agriculture business is predicted to be driven by factors such as constant population increase, favourable government incentives, a scarcity of cultivable land, and a desire for high and fresh-quality food. According to World Health Organization (WHO) and Population Council, an estimated 80% of the world's population lives in urban cities. However, the current land constraint in metropolitan areas has compelled producers to find a new way to produce fresh vegetables. The adoption of smart agriculture techniques will allow producers to grow crops indoors, in a multi-story building, stacked on racks, and in warehouse.

Gather more insights about the market drivers, restrains and growth of the Global Smart Agriculture Market

Smart farming can be utilized to produce organic crops on a vast scale. Vertical farming can be used in the large-scale production of organic crops. Controlled growing technologies such as hydroponics and aeroponics eliminate the use of chemical pesticides. Crops are produced in carefully chosen and well-monitored circumstances to guarantee optimal growth all year. As compared to open-field agriculture and other farming practices, vertical farm systems provide more crop rotation. Controlled humidity, temperature, and daylight will eventually result in a faster crop cycle. It takes 21 days for the system to produce fresh vegetables and greens. The growth rate is controlled with the help of a computer database that manages optimum growing conditions for various varieties such as baby spinach, lettuces, baby rocket, tatsoi, and basil.

Technological improvements in numerous industries have also positively impacted agriculture, as landowners and farmers are always striving to get the most out of their resources and land. Furthermore, due to labor difficulties such as a shortage of qualified farmers, a rising number of aged farmers, and a growing trend of large-scale farms, agriculture automation is gaining pace. Innovations in GPS mapping and associated farm applications, as well as advancements in precision agriculture, are also assisting farmers in operating more effectively and increasing their profit margins.

Smart Agriculture Market Report Highlights

Precision farming agriculture type held the significant market share in 2023 as it allows measured application of agriculture inputs such as fertilizers and pesticides, thereby boosting the crop yield

The software segment is expected to register the highest growth rate over the forecast period. Cloud-based software is expected to be in high demand in the coming years

Smart greenhouse application is expected to be the fastest-growing segment during the forecast period of 2024 to 2030. HVAC management applications held the largest share in terms of revenue in 2023

The increasing adoption of modern technologies in agriculture, along with the reduced price of connected devices, is likely to influence the demand for smart agriculture solutions in the Asia Pacific regional market.

Browse through Grand View Research's Next Generation Technologies Industry Research Reports.

Satellite Propulsion System Market: The global satellite propulsion system market size was estimated at USD 11.05 billion in 2024 and is projected to grow at a CAGR of 13.6% from 2025 to 2030.

AI In Cybersecurity Market: The global AI in cybersecurity market size was estimated at USD 25.35 billion in 2024 and is expected to witness a CAGR of 24.4% from 2025 to 2030.

Smart Agriculture Market Segmentation

Grand View Research has segmented the Smart Agriculture market based on offering, application, and regions

Smart Agriculture Type Outlook (Revenue, USD Million, 2017 - 2030)

Precision farming

Livestock monitoring

Smart greenhouse

Others

Smart Agriculture Offering Outlook (Revenue, USD Million, 2017 - 2030)

Hardware

Automation & control systems

Sensing devices

HVAC system

LED grow light

RFID tags & readers

Software

Web-based

Cloud-based

Types

System integration & consulting

Maintenance & support

Managed types

Assisted professional types

Smart Agriculture Application Outlook (Revenue, USD Million; 2017 - 2030)

Precision farming application

Yield monitoring

Field mapping

Crop scouting

Weather tracking & forecasting

Irrigation management

Inventory management

Farm labor management

Livestock monitoring application

Milk harvesting

Breeding management

Feeding management

Animal comfort management

Others

Smart greenhouse application

Water & fertilizer management

HVAC management

Yield monitoring

Others

Others

Smart Agriculture Regional Outlook (Revenue, USD Billion, 2017 - 2030)

North America

Europe

Asia Pacific

South America

Middle East and Africa (MEA)

Order a free sample PDF of the Smart Agriculture Market Intelligence Study, published by Grand View Research.

[marketstudyreport]

Smart Agriculture Industry – Analysis, Industry Size And Forecast, 2030

The global smart agriculture market size is expected to reach USD 54.71 billion by 2030, registering a CAGR of 13.7% during the forecast period, according to a new report by Grand View Research, Inc. The major factors driving the growth of the agtech industry are the increasing use of Artificial Intelligence (AI) and Internet of Things (IoT) and the integration of image processing technologies into agriculture. Agriculture has grown significantly in recent years owing to precision agriculture practices. The development plan of several nations, such as India, China, and Brazil, emphasizes digital transformation and digitization across various sectors, including agriculture.

The smart agriculture business is predicted to be driven by factors such as constant population increase, favourable government incentives, a scarcity of cultivable land, and a desire for high and fresh-quality food. According to World Health Organization (WHO) and Population Council, an estimated 80% of the world's population lives in urban cities. However, the current land constraint in metropolitan areas has compelled producers to find a new way to produce fresh vegetables. The adoption of smart agriculture techniques will allow producers to grow crops indoors, in a multi-story building, stacked on racks, and in warehouse.

Gather more insights about the market drivers, restrains and growth of the Global Smart Agriculture Market

Smart farming can be utilized to produce organic crops on a vast scale. Vertical farming can be used in the large-scale production of organic crops. Controlled growing technologies such as hydroponics and aeroponics eliminate the use of chemical pesticides. Crops are produced in carefully chosen and well-monitored circumstances to guarantee optimal growth all year. As compared to open-field agriculture and other farming practices, vertical farm systems provide more crop rotation. Controlled humidity, temperature, and daylight will eventually result in a faster crop cycle. It takes 21 days for the system to produce fresh vegetables and greens. The growth rate is controlled with the help of a computer database that manages optimum growing conditions for various varieties such as baby spinach, lettuces, baby rocket, tatsoi, and basil.

Technological improvements in numerous industries have also positively impacted agriculture, as landowners and farmers are always striving to get the most out of their resources and land. Furthermore, due to labor difficulties such as a shortage of qualified farmers, a rising number of aged farmers, and a growing trend of large-scale farms, agriculture automation is gaining pace. Innovations in GPS mapping and associated farm applications, as well as advancements in precision agriculture, are also assisting farmers in operating more effectively and increasing their profit margins.

Smart Agriculture Market Report Highlights

Precision farming agriculture type held the significant market share in 2023 as it allows measured application of agriculture inputs such as fertilizers and pesticides, thereby boosting the crop yield

The software segment is expected to register the highest growth rate over the forecast period. Cloud-based software is expected to be in high demand in the coming years

Smart greenhouse application is expected to be the fastest-growing segment during the forecast period of 2024 to 2030. HVAC management applications held the largest share in terms of revenue in 2023

The increasing adoption of modern technologies in agriculture, along with the reduced price of connected devices, is likely to influence the demand for smart agriculture solutions in the Asia Pacific regional market.

Browse through Grand View Research's Next Generation Technologies Industry Research Reports.

Satellite Propulsion System Market: The global satellite propulsion system market size was estimated at USD 11.05 billion in 2024 and is projected to grow at a CAGR of 13.6% from 2025 to 2030.

AI In Cybersecurity Market: The global AI in cybersecurity market size was estimated at USD 25.35 billion in 2024 and is expected to witness a CAGR of 24.4% from 2025 to 2030.

Smart Agriculture Market Segmentation

Grand View Research has segmented the Smart Agriculture market based on offering, application, and regions

Smart Agriculture Type Outlook (Revenue, USD Million, 2017 - 2030)

Precision farming

Livestock monitoring

Smart greenhouse

Others

Smart Agriculture Offering Outlook (Revenue, USD Million, 2017 - 2030)

Hardware

Automation & control systems

Sensing devices

HVAC system

LED grow light

RFID tags & readers

Software

Web-based

Cloud-based

Types

System integration & consulting

Maintenance & support

Managed types

Assisted professional types

Smart Agriculture Application Outlook (Revenue, USD Million; 2017 - 2030)

Precision farming application

Yield monitoring

Field mapping

Crop scouting

Weather tracking & forecasting

Irrigation management

Inventory management

Farm labor management

Livestock monitoring application

Milk harvesting

Breeding management

Feeding management

Animal comfort management

Others

Smart greenhouse application

Water & fertilizer management

HVAC management

Yield monitoring

Others

Others

Smart Agriculture Regional Outlook (Revenue, USD Billion, 2017 - 2030)

North America

Europe

Asia Pacific

South America

Middle East and Africa (MEA)

Order a free sample PDF of the Smart Agriculture Market Intelligence Study, published by Grand View Research.

[latestmarketresearchnews]

Hydroponics Market Leading Players Updates and Growth Analysis Report 2030

The global hydroponics market size is estimated to reach USD 10.98 billion by 2030, exhibiting a CAGR of 12.4% from 2024 to 2030, according to the new study conducted by Grand View Research, Inc. The integration of smart farming technologies, notably exemplified by the adoption of vertical farming, has played a pivotal role in advancing hydroponics and is projected to be a key driver of market growth. The continuous improvement in hydroponics technologies, coupled with the introduction of state-of-the-art innovations such as environmental and temperature sensing, remote growth monitoring, and automatic nutrient reading, is expected to significantly bolster the demand for hydroponic solutions in the market.

Based on type, the market is categorized into aggregate systems and liquid systems. The aggregate systems segment is projected to continue holding the largest market share over the forecast period. The liquid systems segment is poised for substantial growth at a high Compound Annual Growth Rate (CAGR) during the forecast period. In contrast, aggregate hydroponics farming involves a range of technologies, including drip, wick, and ebb and flow systems. In these methods, plants are cultivated using a medium like rock wool or perlite. Selecting the appropriate medium is crucial for farmers, considering variations in pH and thickness that can impact root growth. However, liquid systems, such as deep-water culture and Nutrient Film Technique (NFT), eliminate the need for such media by delivering nutrients directly to the roots. This streamlined approach not only enhances efficiency but also accelerates the time required for yielding crops. Consequently, the adoption of liquid systems is anticipated to experience substantial growth throughout the forecast period.

Gather more insights about the market drivers, restrains and growth of the Global Hydroponics Market

Asia Pacific held the largest market share in 2023, as countries such as China, India, and Japan are finding lucrative opportunities in hydroponics farming to cater to the rising food demand. However, Europe is expected to register the fastest CAGR over the forecast period owing to the favorable government scenario regarding the development and adoption of alternative farming technologies.

The market is fragmented and has the presence of several key market players. Some prominent players in the market include AeroFarms, AmHydro, Argus Control Systems Limited, BrightFarms., Heliospectra and UrbanKisaan, among others. These players are adopting strategies such as partnerships and collaborations to gain a competitive edge. For instance, AeroFarms and Silal, a prominent fresh produce and agri-tech company in Abu Dhabi, have entered into a Memorandum of Understanding (MoU) to establish a durable research and development partnership focused on knowledge and technology exchange in advanced farming methods such as verical farming and hydroponics farming with local farmers.

Hydroponics Market Report Highlights

The market is expected to grow due to factors such as increasing demand for high-quality and pesticide-free crops, limited availability of arable land, and advancements in technology for efficient cultivation.

The aggregate systems hold a significant market share in the market due to factors such as their ability to provide controlled environments for plant growth, efficient nutrient delivery systems, and the flexibility to cultivate a wide range of crops.

The lettuce segment is projected to grow at the fastest CAGR of 15.4% over the forecast period. The online distribution channel segment growth is attributed to the factors such as its relatively short growth cycle, rising demand from households and fast-food chains, and its raw consumption in large quantities.

Europe is likely to emerge as the prominent segment, holding the largest market share by 2030. The countries such as the Netherlands, Turkey, and Spain witness a high adoption rate of hydroponics.

Browse through Grand View Research's Next Generation Technologies Industry Research Reports.

Portable Lithium Power Station Market: The global portable lithium power station market size was valued at USD 161.4 million in 2024 and is projected to grow at a CAGR of 16.8% from 2025 to 2030.

Online Tutoring Services Market: The global online tutoring services market size was estimated at USD 10.42 billion in 2024 and is expected to grow at a CAGR of 14.5% from 2025 to 2030.

Hydroponics Market Segmentation

Grand View Research has segmented global hydroponics market report based on type, crop type, crop area, and region

Hydroponics Type Outlook (Revenue, USD Billion, 2017 - 2030)

Aggregate Systems

EBB & Flow Systems

Drip Systems

Wick Systems

Liquid Systems

Deep Water Culture

Nutrient Film Technique (NFT)

Aeroponics

Hydroponics Crop Type Outlook (Revenue, USD Billion, 2017 - 2030)

Tomatoes

Lettuce

Peppers

Cucumbers

Herbs

Others

Hydroponics Crop Area Outlook (Revenue, USD Billion, 2017 - 2030)

Upto 1000 sq.ft.

1000-50000 sq.ft.

Above 50000 sq.ft

Hydroponics Regional Outlook (Revenue, USD Billion, 2017 - 2030)

North America

Europe

Asia Pacific

South America

Middle East and Africa (MEA)

Order a free sample PDF of the Hydroponics Market Intelligence Study, published by Grand View Research.

[researchreportinsight]

Hydroponics Market Growth Trends, Research and Revenue Analysis, 2030

The global hydroponics market size is estimated to reach USD 10.98 billion by 2030, exhibiting a CAGR of 12.4% from 2024 to 2030, according to the new study conducted by Grand View Research, Inc. The integration of smart farming technologies, notably exemplified by the adoption of vertical farming, has played a pivotal role in advancing hydroponics and is projected to be a key driver of market growth. The continuous improvement in hydroponics technologies, coupled with the introduction of state-of-the-art innovations such as environmental and temperature sensing, remote growth monitoring, and automatic nutrient reading, is expected to significantly bolster the demand for hydroponic solutions in the market.

Based on type, the market is categorized into aggregate systems and liquid systems. The aggregate systems segment is projected to continue holding the largest market share over the forecast period. The liquid systems segment is poised for substantial growth at a high Compound Annual Growth Rate (CAGR) during the forecast period. In contrast, aggregate hydroponics farming involves a range of technologies, including drip, wick, and ebb and flow systems. In these methods, plants are cultivated using a medium like rock wool or perlite. Selecting the appropriate medium is crucial for farmers, considering variations in pH and thickness that can impact root growth. However, liquid systems, such as deep-water culture and Nutrient Film Technique (NFT), eliminate the need for such media by delivering nutrients directly to the roots. This streamlined approach not only enhances efficiency but also accelerates the time required for yielding crops. Consequently, the adoption of liquid systems is anticipated to experience substantial growth throughout the forecast period.

Gather more insights about the market drivers, restrains and growth of the Global Hydroponics Market

Asia Pacific held the largest market share in 2023, as countries such as China, India, and Japan are finding lucrative opportunities in hydroponics farming to cater to the rising food demand. However, Europe is expected to register the fastest CAGR over the forecast period owing to the favorable government scenario regarding the development and adoption of alternative farming technologies.

The market is fragmented and has the presence of several key market players. Some prominent players in the market include AeroFarms, AmHydro, Argus Control Systems Limited, BrightFarms., Heliospectra and UrbanKisaan, among others. These players are adopting strategies such as partnerships and collaborations to gain a competitive edge. For instance, AeroFarms and Silal, a prominent fresh produce and agri-tech company in Abu Dhabi, have entered into a Memorandum of Understanding (MoU) to establish a durable research and development partnership focused on knowledge and technology exchange in advanced farming methods such as verical farming and hydroponics farming with local farmers.

Hydroponics Market Report Highlights

The market is expected to grow due to factors such as increasing demand for high-quality and pesticide-free crops, limited availability of arable land, and advancements in technology for efficient cultivation.

The aggregate systems hold a significant market share in the market due to factors such as their ability to provide controlled environments for plant growth, efficient nutrient delivery systems, and the flexibility to cultivate a wide range of crops.

The lettuce segment is projected to grow at the fastest CAGR of 15.4% over the forecast period. The online distribution channel segment growth is attributed to the factors such as its relatively short growth cycle, rising demand from households and fast-food chains, and its raw consumption in large quantities.

Europe is likely to emerge as the prominent segment, holding the largest market share by 2030. The countries such as the Netherlands, Turkey, and Spain witness a high adoption rate of hydroponics.

Browse through Grand View Research's Next Generation Technologies Industry Research Reports.

Portable Lithium Power Station Market: The global portable lithium power station market size was valued at USD 161.4 million in 2024 and is projected to grow at a CAGR of 16.8% from 2025 to 2030.

Online Tutoring Services Market: The global online tutoring services market size was estimated at USD 10.42 billion in 2024 and is expected to grow at a CAGR of 14.5% from 2025 to 2030.

Hydroponics Market Segmentation

Grand View Research has segmented global hydroponics market report based on type, crop type, crop area, and region

Hydroponics Type Outlook (Revenue, USD Billion, 2017 - 2030)

Aggregate Systems

EBB & Flow Systems

Drip Systems

Wick Systems

Liquid Systems

Deep Water Culture

Nutrient Film Technique (NFT)

Aeroponics

Hydroponics Crop Type Outlook (Revenue, USD Billion, 2017 - 2030)

Tomatoes

Lettuce

Peppers

Cucumbers

Herbs

Others

Hydroponics Crop Area Outlook (Revenue, USD Billion, 2017 - 2030)

Upto 1000 sq.ft.

1000-50000 sq.ft.

Above 50000 sq.ft

Hydroponics Regional Outlook (Revenue, USD Billion, 2017 - 2030)

North America

Europe

Asia Pacific

South America

Middle East and Africa (MEA)

Order a free sample PDF of the Hydroponics Market Intelligence Study, published by Grand View Research.

[chemicalmarketwatch-sp]

Greenhouse Film Market: Growth Trends and Future Prospects

In recent years, the greenhouse film market has witnessed remarkable growth, driven by the increasing global demand for sustainable agricultural solutions. These specialized films play a pivotal role in greenhouse farming, ensuring crops are protected from adverse weather conditions, pests, and harmful UV rays while optimizing the internal environment for better yield. As food security concerns rise globally, the importance of greenhouse films in agriculture has never been more pronounced.

This article delves into the market’s growth trajectory, emerging trends, regional dynamics, expert perspectives, and its promising global outlook.

Market Dynamics and Significance

Greenhouse films are more than just covers for greenhouses. They serve as enablers of modern farming by creating controlled environments where crops can thrive. By regulating light transmission, temperature, and humidity, these films allow farmers to grow high-quality produce year-round, regardless of external climatic conditions.

The increasing awareness about food security and sustainable farming methods has driven the demand for greenhouse films. According to industry experts, as urbanization expands and agricultural land shrinks, the reliance on greenhouse farming will only grow stronger.

Market Forecast: Where Is It Heading?

The global greenhouse film market size is projected to grow from USD 5.9 billion in 2021 to USD  8.6 billion by 2026 at a CAGR of 7.6%, fueled by the following factors:

Innovation in Film Technology: The development of advanced multi-layered films with features like enhanced UV resistance, anti-drip properties, and greater durability is accelerating adoption.

Government Initiatives: Policies promoting sustainable agriculture and investment in modern farming infrastructure are creating new opportunities for the market.

Climate Challenges: Greenhouse farming offers a solution to unpredictable weather patterns, making greenhouse films indispensable for farmers.

Key Trends Shaping the Market

The greenhouse film market is evolving rapidly, and several notable trends are shaping its growth trajectory:

Eco-Friendly InnovationsWith growing environmental consciousness, manufacturers are focusing on biodegradable and recyclable materials. These innovations not only cater to sustainability goals but also reduce waste.

Regional CustomizationOne size does not fit all in agriculture. Farmers in tropical regions need heat-resistant films, while those in colder areas require materials that maximize heat retention. Companies are now tailoring products to meet these regional needs.

Adoption of Smart FilmsThe future of greenhouse films lies in integrating smart technologies, such as coatings that adjust light diffusion and sensors that monitor internal conditions. These advancements enable more efficient farming and resource utilization.

Focus on DurabilityFarmers are increasingly seeking films that last longer and withstand extreme weather conditions. The emphasis is now on creating materials that combine strength with functionality.

Regional Insights and Market Shares

The greenhouse film market has a global presence, with significant variations in adoption and growth across regions:

Asia-Pacific: The undisputed leader, accounting for nearly 40% of the global market share. Countries like China and India are major contributors, driven by government investments and the need for increased food production.

Europe: Home to advanced farming practices, Europe is a strong market, driven by strict environmental policies and innovations in sustainable farming technologies.

North America: The region sees steady growth, especially in urban and vertical farming, supported by technological advancements.

Latin America & Africa: These regions are emerging as high-potential markets due to growing investments in agricultural infrastructure and the rising adoption of greenhouse farming.

Expert Perspectives

Industry experts emphasize that greenhouse films are no longer just accessories for farming—they are necessities. Dr. Mark Benson, an agricultural consultant, remarks, "Greenhouse films are a game-changer in modern farming, especially in regions facing erratic weather patterns. Their ability to protect crops while enhancing productivity is invaluable."

Additionally, experts believe that the integration of smart technologies will redefine how greenhouse farming is conducted. "We’re on the brink of a technological revolution in agriculture, and greenhouse films will play a central role," notes Jane Collins, a sustainability advocate.

Future Outlook: Opportunities and Challenges

Looking ahead, the greenhouse film market is poised for robust growth, but not without its challenges. While sustainability remains a priority, the cost of high-performance films can be a barrier for small-scale farmers. However, as technology advances and production scales up, these costs are likely to come down, making such films more accessible.

On the flip side, the market is brimming with opportunities. The growing adoption of precision agriculture, coupled with the rising need for year-round cultivation, presents a fertile ground for innovation. Manufacturers who can balance affordability, durability, and sustainability will find themselves leading this dynamic market.

Download PDF Brochure : 

The greenhouse film market is at the crossroads of innovation and sustainability. As global agriculture grapples with the dual challenges of feeding a growing population and protecting the environment, these films are emerging as a critical solution.

Farmers, manufacturers, and policymakers must work collaboratively to harness the full potential of greenhouse films. By addressing challenges and embracing innovation, the market is well-positioned to play a transformative role in shaping the future of agriculture.

The coming years will undoubtedly witness a surge in demand for advanced and eco-friendly greenhouse films, heralding a new era of efficient, sustainable farming practices

[global-research-report]

Vertical Farming: Shaping the Future of Sustainable Food Production

Vertical Farming Industry Overview

The global vertical farming market size is expected to reach USD USD 24.95 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 20.1% from 2023 to 2030. Increased use of Internet of Things (IoT) sensors for producing crops is likely to spur market demand over the forecast period. Information obtained from the sensors is stored on the cloud and analyzed to perform the required actions. The growing automation in agriculture and increasing use of big data and predictive analytics for maximizing yields are also likely to drive the market.

Vertical farming is effective in ensuring stability in crop production and maintaining reliability even in adverse climatic conditions. It provides multiple benefits over the traditional farming technique, such as less use of water, the lesser need for agrochemicals, and low dependence on agricultural labor. Vertical farming makes use of metal reflectors and artificial lighting to maximize natural sunlight.

Gather more insights about the market drivers, restrains and growth of the Vertical Farming Market

Genetically modified organisms and the environmental and health effects of pesticides and other non-natural substances that are used for increasing agricultural production have encouraged consumers to adopt organic foods. According to the Organic Trade Association, the U.S. organic industry sales increased by around 5% in 2019 owing to the increased investment in infrastructure and education. As per the Organic Foods Production Act of 1990, the handlers and growers of organic products need to comply with the regulations.

Artificial lighting helps in extending the hours of natural daylight, which further increases the health, growth rate, and yield of the plants. Artificial lighting such as high-pressure sodium lighting and LED lighting can extend the availability of crops (throughout a season). LED lighting systems produce a dual-band color spectrum and generate low heat. They are anticipated to witness significant growth over the forecast period.

A hydroponic system is a method of growing plants without soil. A hydroponic system eliminates the need for pesticides and artificial ripening agents and helps in producing nutritionally-rich vegetables. However, factors such as high initial investment and fewer crop varieties are likely to restrain the market growth.

Browse through Grand View Research's Next Generation Technologies Industry Research Reports.

The global AI in media & entertainment market size was estimated at USD 25.98 billion in 2024 and is projected to grow at a CAGR of 24.2% from 2025 to 2030. 

The global smart thermostat market size was valued at USD 4.99 billion in 2024 and is expected to grow at a CAGR of 18.5% from 2025 to 2030.

Vertical Farming Market Segmentation

Grand View Research has segmented the global vertical farming market report based on structure, growing mechanism, crop category and region

Vertical Farming Structure Outlook (Revenue, USD Million, 2017 - 2030)

Shipping Container

Building-based

Vertical Farming Component Outlook (Revenue, USD Million, 2017 - 2030)

Hardware

Lighting

Hydroponic components

Climate control

Sensors

Software

Services

System Integration & Consulting

Managed Services

Assisted Professional Services

Vertical Farming Growing Mechanism Outlook (Revenue, USD Million, 2017 - 2030)

Hydroponics

Aeroponics

Aquaponics

Vertical Farming Crop Category Outlook (Revenue, USD Million, 2017- 2030)

Fruits Vegetables, & Herbs

Tomato

Lettuce

Bell & Chili Peppers

Strawberry

Cucumber

Leafy Greens (excluding lettuce)

Herbs

Others

Flowers & Ornamentals

Perennials

Annuals

Ornamentals

Others (Cannabis, Microgreens)

Vertical Farming Regional Outlook (Revenue, USD Million, 2017 - 2030)

North America

US

Canada

Mexico

Europe

Germany

UK

France

Italy

Spain

Asia Pacific

China

Japan

India

Singapore

South Korea

South America

Brazil

Middle East and Africa (MEA)

Key Companies profiled:

AeroFarms (U.S.)

Illumitex, Inc. (U.S.)

American Hydroponics (U.S.)

Agrilution GmbH

Brightfarms Inc.

Everlight Electronics Co., Ltd.

Freight Farms

GrowUp Urban Farms Ltd.

Green Sense Farms, LLC

Vertical Farm Systems

Key Vertical Farming Company Insights

Some of the key players operating in the market include Agrilution GmbH; Aerofarm; Brightfarms Inc.; Everlight Electronics Co., Ltd; Freight Farms; GrowUp Urban Farms Ltd.; Green Sense Farms, LLC; Vertical Farm Systems.

Vertical Farm Systems is engaged in the development of fully automated growing systems with reusable medium and energy efficient climate cells. The company utilizes artificial intelligence (AI) and automation for optimized growing conditions.

Brightfarms Inc., is an indoor farming company that provides fresh packaged salad. The company sells their product locally that are grown in controlled environment. The company is inclined towards development of efficient vertical farming system with a focus on resource efficiency and sustainable practices.

Bowery Farming and Aerofarm are some of the emerging market participants in the target market.

Bowery Farming is engaged in providing solutions related to vertical farming and digital agriculture. Bowery Farming is a New York based company having farms in New Jersey, Maryland, and Pennsylvania.

Aerofarm, is a U.S.- based indoor vertical farming solution provider. The company uses artificial intelligence and plant biology to fix broken food system and improve the fresh produce growth

Recent Developments

In March 2023, BrightFarms, a pioneer in the indoor farming industry, is growing by establishing four additional regional greenhouse centers that introduce sustainably farmed leafy greens to a broader audience in the Eastern and Central United States. The newly built greenhouse centers are expected to meet the rising demand for organic food and initiate distribution to retailers by 2024. With this expansion, the company is expecting 10x revenue growth by 2024.

In February 2023, AeroFarms and Public Investment Fund (PIF), a wealth funding body of Saudi Arabia, announced a joint venture to establish indoor vertical farms in the Middle East and Saudi Arabia.

Order a free sample PDF of the Vertical Farming Market Intelligence Study, published by Grand View Research.

[trendingrepots]

Wind Power Market Report - Forecast (2024-2030)

Wind Power Market Overview:

Wind Power Market size is forecast to reach $3.07 Billion by 2030, after growing at a CAGR of 10.6% during 2024-2030. This growth is driven as floating offshore wind farms are gaining momentum as a key market trend in the wind power industry, particularly in regions with deep waters unsuitable for fixed-bottom foundations. This trend reflects a growing interest and investment in offshore wind expansion into new areas with stronger and more consistent wind resources. Floating turbines offer a viable solution to overcome geographical limitations and tap into untapped offshore wind potential. As technology advancements continue and costs decrease, floating offshore wind farms are expected to play a significant role in driving the growth of the wind power market, opening up new opportunities for renewable energy development.

Additionally, a notable trend in the wind power market is the rise of hybrid wind and solar projects. These ventures integrate both wind and solar power generation within the same location to optimize renewable energy production and enhance grid stability. By leveraging synergies between wind and solar resources, these projects maximize energy output while minimizing land use and infrastructure costs. The combined generation offers more consistent power throughout the day and year, improving reliability and meeting demand fluctuations. This trend reflects a strategic approach to diversify renewable energy portfolios and accelerate the transition towards a sustainable energy future.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐑𝐞𝐩𝐨𝐫𝐭 𝐒𝐚𝐦𝐩𝐥𝐞

Wind Power Market - Report Coverage:

The “Wind Power Market Report - Forecast (2024-2030)” by IndustryARC, covers an in-depth analysis of the following segments in the Wind Power Market.

By Installation Type: Onshore, Offshore (Shallow Water, Transitional Water, Deep Water), Airborne. 

By Component: Turbines, Electrical Infrastructure, Rotor Blades, Generators, Brushes, Towers (Tubular Steel Towers, Concrete Towers, Hybrid Towers, Lattice Towers, Guyed), Others. 

By Wind Turbine Capacity: Less than 30 kW, 31 kW - 500 kW, 501 kW - 2 MW, More than 2 MW.

By Technology: Horizontal, Vertical, Others.

By Connectivity: On Grid, Off Grid.

By End-Users: Energy & Power, Agriculture, Food & Beverage, Paper & Pulp, Chemical, Commercial, Others.

By Geography: North America, South America, Europe, APAC, and RoW.

COVID-19 / Ukraine Crisis - Impact Analysis:

The COVID-19 pandemic had mixed impacts on the wind power market. While initial disruptions in supply chains and project timelines slowed down installations, the pandemic also highlighted the importance of renewable energy for economic recovery and resilience. Government stimulus packages and recovery plans prioritized investments in clean energy, including wind power, driving market growth. Remote work and digitalization accelerated project development and grid integration efforts. However, financing challenges and delays persisted, hindering some projects. Overall, the pandemic underscored the resilience of the wind power market and reinforced its role in building a sustainable energy future amidst global uncertainties.

The Russia-Ukraine crisis can impact the wind power market through potential disruptions in the global supply chain for wind turbine components and raw materials. Both Russia and Ukraine are key producers of steel, a critical material for manufacturing wind turbines. Any disruptions in the supply of steel or other components could lead to delays and increased costs for wind power projects worldwide. Additionally, geopolitical tensions may create uncertainties in international trade, affecting market sentiment and investment decisions in the wind power industry. Consequently, the crisis highlights the importance of diversifying supply chains and mitigating geopolitical risks for the stability of the wind power market.

Key Takeaways:

Asia Pacific emerges as the fastest-growing geographic market in the wind power industry. Driven by robust economic growth, rising energy demand, and favorable government policies, countries like China, India, and Vietnam lead the region's expansion, harnessing abundant wind resources and driving significant growth in wind power installations. 

Offshore wind farms are the fastest-growing installation type in the wind power market due to abundant wind resources, technological advancements, supportive policies, and cost reductions, driving rapid expansion and market dominance. 

Rotor blades are the fastest-growing component in the wind power market, driven by demand for larger, more efficient turbines. Technological innovations in blade design and materials enhance performance, reflecting the industry's push for increased energy capture. 

Wind turbines with capacities ranging from 501 kW to 2 MW are experiencing rapid growth in the wind power market. This segment caters to diverse applications, including small to medium-scale projects, reflecting increasing demand for efficient and cost-effective wind energy solutions.

Energy and power utilities are experiencing the highest growth as end-users in the wind power market. With increasing focus on renewable energy adoption, utilities are investing in wind power projects to diversify their energy portfolios, meet renewable energy targets, and reduce carbon emissions. The reliability, scalability, and cost-effectiveness of wind energy make it a preferred choice for utilities seeking sustainable energy solutions. 

[priteshwemarketresearch]

Vertical Farming Market Statistics, Segment, Trends and Forecast to  2035

Vertical Farming Market: A Sustainable Future for Agriculture

The Vertical Farming Market is growing at an unprecedented rate, which presents significant challenges for food production systems. As urbanization increases, arable land is becoming scarcer, and traditional farming methods are struggling to meet the demands for food, water, and land use. However, a promising solution to these challenges is emerging in the form of vertical farming. With its ability to produce large amounts of food in smaller, controlled environments, vertical farming is revolutionizing the agricultural landscape. In this blog post, we will explore the vertical farming market, its growth prospects, and how it is shaping the future of sustainable agriculture.

Request Sample PDF Copy:https://wemarketresearch.com/reports/request-free-sample-pdf/vertical-farming-market/1535

What is Vertical Farming?

Vertical farming is a modern farming technique that involves growing crops in stacked layers, typically within a controlled indoor environment. This method uses advanced technologies such as hydroponics, aeroponics, and aquaponics to grow plants without soil, while minimizing water and land usage. By growing crops vertically, farmers can maximize space, reduce the need for pesticides, and optimize resources like water and nutrients.

Unlike traditional farming, which relies heavily on outdoor conditions such as weather, soil quality, and land availability, vertical farming allows for year-round crop production, regardless of climate. This makes it an appealing solution for urban areas where land is limited and the demand for fresh, locally grown produce is increasing.

Vertical Farming Market Key Drivers of Growth:

Urbanization and Limited Arable Land: With more than 55% of the world’s population now living in urban areas, cities are facing a growing demand for locally grown food. Vertical farming enables food production in urban centers, reducing the need for long-distance transportation and the associated carbon footprint.

Sustainability Concerns: Traditional farming methods are resource-intensive and contribute to soil degradation, water scarcity, and greenhouse gas emissions. Vertical farming offers a sustainable alternative by using less water, land, and energy. For example, hydroponic systems use up to 90% less water compared to conventional agriculture, making it an attractive solution for water-scarce regions.

Technological Advancements: The rise of automation, AI, and data analytics has transformed vertical farming. These technologies help optimize crop yields, monitor plant health, and improve resource efficiency. Automation systems also reduce the need for manual labor, making Vertical Farming Market a more scalable and cost-effective solution.

Demand for Fresh, Local Produce: Consumers are increasingly seeking fresh, organic, and locally grown food. Vertical farming allows for the cultivation of leafy greens, herbs, and other high-demand crops in urban environments, ensuring a steady supply of fresh produce.

Benefits of Vertical Farming

Vertical farming offers a wide range of benefits over traditional farming methods. Here are some of the key advantages:

Space Efficiency: Vertical farming optimizes space by growing crops in stacked layers. This makes it ideal for urban areas where land is expensive and in short supply. By utilizing vertical space, farms can produce more food per square foot compared to traditional horizontal farming.

Water Conservation: Vertical farms use hydroponic or aeroponic systems that require significantly less water than conventional agriculture. This makes vertical farming a more sustainable option, especially in regions facing water scarcity.

Reduced Environmental Impact: Vertical farming reduces the need for pesticides and fertilizers, as the controlled environment minimizes the risk of pests and diseases. This leads to cleaner, chemical-free produce and a lower environmental impact.

Year-Round Production: With controlled indoor environments, vertical farms can grow crops year-round, regardless of seasonal changes or weather conditions. This ensures a steady supply of fresh produce and helps stabilize food prices.

Energy Efficiency: While vertical farming requires energy for lighting and climate control, many farms are adopting renewable energy sources, such as solar or wind power, to reduce their carbon footprint. Additionally, the use of LED lights and energy-efficient systems has made vertical farming more energy-efficient.

Challenges in the Vertical Farming Market

Despite its promising potential, vertical farming still faces several challenges that need to be addressed for widespread adoption:

High Initial Investment: Setting up a vertical farm requires significant capital investment, especially for technology infrastructure, climate control systems, and automation. While operational costs are lower compared to traditional farming, the upfront costs can be a barrier for some investors.

Energy Consumption: Vertical farms rely on artificial lighting and climate control systems, which can lead to high energy consumption. However, as renewable energy sources become more affordable, this challenge is expected to diminish.

Limited Crop Variety: While vertical farming is highly effective for growing leafy greens, herbs, and some fruits, it is not yet suitable for all types of crops, such as grains or root vegetables. Researchers are continually working to expand the variety of crops that can be grown using vertical farming techniques.

Market Competition: As the vertical farming industry grows, more players are entering the market, creating intense competition. To succeed, companies will need to differentiate themselves through innovation, efficiency, and sustainability.

Future Outlook of the Vertical Farming Market

The vertical farming market is poised for significant growth in the coming years, driven by technological advancements, increasing demand for sustainable agriculture, and the need for local food production. As the industry matures, we can expect to see further innovations in crop variety, energy efficiency, and automation, making vertical farming more accessible and cost-effective for both small-scale urban farmers and large commercial operations.

Conclusion

The vertical farming market represents a dynamic and sustainable shift in the agriculture industry, offering solutions to some of the most pressing challenges facing traditional farming methods. With the continued advancement of technologies and increasing consumer demand for fresh, local produce, vertical farming has the potential to transform food production in cities around the world. As the market grows and evolves, vertical farming could be a key player in ensuring a sustainable and secure food future.

[ashwetu]

Meticulous Research® Forecasts Global Vertical Farming Market to Reach $43.88 Billion by 2031 Amid Rising Demand for Sustainable, High-Yield Farming Solutions

Meticulous Research®, a globally recognized market research leader, has announced the release of its latest report, Vertical Farming Market Size, Share, Forecast, & Trends Analysis by Component, Growth Mechanism, Structure, Crop Type - Global Forecast to 2031. The report projects that the vertical farming market will grow significantly, reaching $43.88 billion by 2031 at a CAGR of 22.6% from 2024 to 2031.

Market Drivers and Growth Opportunities

Key drivers fueling the growth of the vertical farming market include decreasing arable land, urban population growth, demand for pesticide-free produce, and water scarcity challenges. As the effects of climate change intensify, the need for efficient farming methods that require less land and water is becoming paramount. Moreover, the increasing adoption of urban farming and advancements in vertical farming technologies are opening doors for new market opportunities.

However, high initial capital investments and the need for specialized knowledge for effective farm management pose challenges for industry growth. The market also faces hurdles related to high energy consumption in vertical farms and the limited variety of crops currently suitable for vertical cultivation. Nevertheless, the industry is witnessing significant progress in technology, leading to reduced environmental impact and enhanced sustainability, a trend that resonates with global sustainability goals.

Download Sample Report Here:  https://www.meticulousresearch.com/download-sample-report/cp_id=5948

Detailed Market Segmentation

The report provides an extensive analysis of the vertical farming market, segmented by component, growth mechanism, structure, crop type, and geography:

Component: The hardware segment, including lighting, irrigation systems, and sensors, is expected to hold the largest market share, reaching 54.7% in 2024. This is attributed to the increasing adoption of precision farming tools, advanced LED lighting, and smart irrigation systems.

Growth Mechanism: Hydroponics, the most popular growth mechanism, is forecasted to lead this segment with a 61.1% share in 2024, driven by its water efficiency, reduced soil-related risks, and continuous year-round yield capacity.

Structure: Shipping container-based farms are gaining traction due to their adaptability and ease of implementation across various geographic regions, securing an anticipated 56.0% market share. Their portability and reduced spatial requirements make them suitable for urban settings and challenging climates.

Check complete table of contents with list of table and figures: https://www.meticulousresearch.com/product/vertical-farming-market-5948

Crop Type: Tomatoes are expected to account for the largest share in the crop type segment, representing 16.6% of the market in 2024. The high demand for tomatoes, coupled with the controlled pest environment and high yield achieved through vertical farming, drive this segment's growth.

Regional Insights

The report examines key geographies and provides insights on regional market performance. North America is projected to lead the market, commanding 29.5% of the global share in 2024, followed by Europe and the Asia-Pacific region. Factors such as the extensive adoption of vertical farming techniques, advanced farming technologies, and demand for fresh, locally grown produce contribute to North America's leadership position.

Key Market Players

The competitive landscape in the vertical farming market is moderately fragmented, featuring prominent global and regional players. Major companies include Signify Holding B.V. (Netherlands), Heliospectra AB (Sweden), Freight Farms, Inc. (U.S.), Intelligent Growth Solutions Limited (U.K.), Everlight Electronics Co., Ltd. (China), Vertical Farm Systems Pty Ltd (Australia), and Urban Crop Solutions BV (Belgium). These players drive innovation, focusing on technology, sustainable farming methods, and strategic partnerships.

Key Questions Answered in the Report

The report provides in-depth answers to critical questions on revenue growth, historical market trends, growth opportunities, and key geographic trends in the vertical farming market. It also details market segmentation insights, competitive strategies, and the impact of technological advancements on market dynamics.

Quick Buy: https://www.meticulousresearch.com/Checkout/47888793

Contact Information

For additional information, please reach out:

Meticulous Research® Email: sales@meticulousresearch.com Phone: +1-646-781-8004 LinkedIn: Meticulous Research®

[insightreportsunivdatos]

Agrivoltaic Market Size, Share, Growth, Trend and Forecast to 2032

Agriculture-solar farming, a form of bioenergy installations integrated with agricultural operations, is experiencing unprecedented expansion and change. With the world looking for more efficient solutions for combating the effects of climate change and at the same time trying to generalize land use, Agrivoltaic farming is one of the solutions that are at the forefront of all this. This article introduces the newest trends in the current Agrivoltaic industry, the evolution of technologies utilized in the Agrivoltaic structures, policies following the development of the industry, and real-life cases that give direction to the further growth of the Agrivoltaic industry.

According to the UnivDatos Market Insights analysis, the increased energy demand, government incentives, rising innovations in solar panel design, such as bifacial panels and adjustable mounts, increased land utilization driving, and rising agricultural productivity driving the Agrivoltaic Market. As per their “Agrivoltaic Market” report, the global market was valued at USD 5 Billion in 2023, growing at a CAGR of about 11.5% during the forecast period from 2024 - 2032. 

Access sample report (including graphs, charts, and figures): https://univdatos.com/get-a-free-sample-form-php/?product_id=16483

Technological Innovations

Agrivoltaics has been experienced by enhanced solar technology as one of the major trends. Simplified stationaries that were the historical throughput in solar projects are now having replacement with bifacial and tracking systems. Such advantages of bifacial panels include the fact that they have the potential to capture energy on their rear sides hence; gains in energy yield and efficiency, making them suitable for Agrivoltaic systems where land is limited. They enable the accurate adjustment of panel angles relative to the sunlight implication throughout the day and even year, thereby increasing energy production as well as plant yield.

Besides, vertical solar panels are producing interest in agrivoltaics. These are Installed at an angle or vertical structure and they make it possible to use small area space more effectively as shown below. Vertical panels also make full use of space available on the ground as well as offering shade that is an advantage to the crops by preventing evaporation of water and extreme heat. By so doing, the advancement of these technologies is seeing agrivoltaics become more flexible and productive, a factor that is seeing it proliferate in different agricultural contexts.

Policy and Regulatory Support

It is to highlight the key government policies and regulatory frameworks that propel the agrivoltaic market and thus propose the following hypotheses; In the recent past, many countries have embraced the concept of agrivoltaics because it combines two objectives of providing renewable energy and food production. France holds the leadership among the EU countries in terms of set contractual capacity and favorable regulations for agrivoltaic platforms. The French government started subsidizing farmers to make use of solar technology on their farms, providing tax credits and research grants to farmers.

The French government has published the long-awaited Decree No. 2024-318 in the country's official journal. The legislation defines the conditions for the installation of solar panels on agricultural, natural, or forest land.

Decree No. 2024-318 of April 8, 2024 relating to the development of agrivoltaics and the conditions for installing photovoltaic installations on agricultural, natural or forest land

Similarly, in the United States, both federal and state-level incentives are enabling the growth of agrivoltaics. There is the Rural Energy for America Program (REAP) by USDA, which offers support in the form of capital for the implementation of RE, including agrivoltaics. Moreover, the states already have permitted the systems that allow the coexistence of farming and electricity generation like the ones found in California as well as Oregon where there is a growing awareness of the effects of the agrivoltaic system on the environment as well as the economic importance.

Case Studies of the Application of the Information in the Real World

The implementation of the agrivoltaic system illustrates how it can be successfully integrated throughout different regions and areas of agriculture. It’s one of the biggest agrivoltaic farms in Japan and it has become noteworthy for its efficient rice farming combining these structures with rice paddies since the panels help cool the plants and decrease water consumption. These projects do not only produce renewable energy but also boost rice production, this shows the duality of solar energy and agricultural practices.

Desert Agriculture Program in Arizona United States of America is among the prime practitioners of agrivoltaics wherein barren and sun-scorched land is turned into fertile agricultural fields. This initiative of putting solar panels above crops has so many benefits, mainly serving as shade and protecting crops from the scorching sun while keeping water usage to a minimum and attaining better yields in the deserts. This project demonstrates that agrivoltaics can solve certain problems in agriculture while at the same time furthering renewable energy objectives.

Similarly in Germany, AgroSolar is a project that aims at incorporating solar panels into the vineyards. This new strategy offers protection from the sun hence reducing heat intensity on the grapevines, cutting water usage, and enhancing the quality of the grapes produced. Indeed, this project shows that Agrivoltaic systems are flexible and can be adopted in various agricultural practices.

Economic and Environmental Benefits

Agrivoltaics has gained popularity due to its positive impacts on the economy and the environment. Economically, Agrivoltaic systems offer dual revenue streams: revenue generated from farming and farming-related products as well as from the sales of solar-related products. This dual-revenue system thus pushes the economic sustainability of Agrivoltaic projects and gives the farmers another revenue stream. In addition, where water is used in the irrigation process there are always certain savings in water usage and improved yields in crop production thus improving the profitability level of businesses in agriculture.

Environmentally, sustainable energy especially through photovoltaic systems and embracing sustainable farming practices is made possible through agrivoltaics. Solar power as a function of energy from the natural sun strengthens the decrease of carbon footprint in agricultural practices. Also, the shading created by the solar panel has the benefit of lowering the heat stress on crops, which helps make crops more resistant to climate change.

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Carbon Offset and Carbon Credit Trading Service Market: Current Analysis and Forecast (2024-2032)

Biopellet Energy Market: Current Analysis and Forecast (2024-2032)

Bifacial Solar Market: Current Analysis and Forecast (2024-2032)

Syngas Market: Current Analysis and Forecast (2024-2032)

Challenges and Future Outlook

However, it is crucial to mention that the market has some challenges that cause the agrivoltaic industry to be slow in developing. Another limitation is the upfront cost of adopting solar and the necessary structures that are related to the installation of the solar panels. While financial incentives and subsidies ease some of the barriers, application fees can be expensive for some farmers and landowners.

There is also the challenge of how the technology relates to agriculture to enhance the uptake of solar technology. It is not easy to avoid solar panels infringing the crop production aspects and also coordinating the maintenance of the solar systems in the farming fields.

Click here to view the Report Description & TOC- https://univdatos.com/report/agrivoltaic-market/

Altogether the outlook for agrivoltaics seems to be bright in the future. Due to the advancement of technology and continuous implementation of more successful double-duty systems, we can predict continuous progress in the subsector. Further policy support and investment in research and development will contribute to the development of agrivoltaics which is significant in the shifting of the world to sustainable energy and agriculture production.

Thus, agrivoltaics can be viewed as a revolutionary concept for the interaction of plant-based farming and photovoltaics. Given that the concept has evolved, the policies of the governments have been developed to support it, and the real case studies have been realized, it is evident that agrivoltaics will have a big role to play in land usage, climate change, and energy production. Thus, further development of agrivoltaics still holds significant prospects for the future market for transforming agricultural and energy industries, which is why interest in such research is justified.

[creativeera]

Hydroponics Market Poised for Rapid Growth Revolutionizing Agriculture with Sustainable, Soilless Cultivation

Hydroponics is the process of growing plants in a soilless environment with mineral nutrient solutions instead of soil. Hydroponics offers several advantages over traditional soil-based agriculture such as higher yield per unit area, minimal environmental effect, and independence from weather and pests. Hydroponic systems provide the plants with essential nutrients and water directly to their roots through dissolvable fertilizers. It makes use of less water as there is no run-off and drainage and produces quicker growth of plants.

The Hydroponics Market is estimated to be valued at US$ 10.6 billion in 2028 and is expected to exhibit a CAGR of 12% over the forecast period 2028. Key Takeaways Key players operating in the Hydroponics Market are Argus Control Systems Ltd., BrightFarms Inc., Circle Fresh Farms, Horti Tech, Hydrodynamics International, and Koninklijke Philips NV. Hydroponics facilitates higher yields and more frequent harvests per year compared to traditional farming. It produces yields 4-6 times greater than soil-based agriculture while using 95% less water. Key players are expanding their production facilities globally to meet the growing demand for contamination-free vegetables and fruits. The growing Hydroponics Market Growth for organic foods and rising environmental concerns over conventional farming practices are fueling the adoption of hydroponics worldwide. Furthermore, scarcity of arable land and shortage of freshwater resources are encouraging farmers to opt for sustainable soilless cultivation techniques. Countries in Asia Pacific and Middle East & Africa regions are increasingly implementing hydroponic farming systems to ensure food security. Market Key Trends One of the major trends in the hydroponics market is the increasing investment in indoor vertical farming projects. Indoor vertical farms maximize space utilization and enable year-round production regardless of weather conditions. Led by artificial intelligence (AI) and Internet of Things (IoT), they facilitate real-time monitoring of hydroponic parameters for optimum plant growth. With several notable projects underway, vertical farming is expected to revolutionize urban agriculture.

Porter's Analysis Threat of new entrants: Low startup costs and technical know-how are relatively low barriers for new entrants in hydroponics market. Bargaining power of buyers: Large retail buyers and online platforms have significant bargaining power against hydroponics suppliers. Bargaining power of suppliers: Specialized equipment manufacturers and distributors of hydroponic nutrients have some bargaining power over cultivators. Threat of new substitutes: Technologies like aeroponics and aquaponics pose threat of substitution to hydroponics systems in long run. Competitive rivalry: Many small and medium scale cultivators compete intensely to supply vegetables through grocers as well as online platforms. Geographical Regions North America accounts for the largest share in global hydroponics market, driven by early adoption and higher consumer spend in the US and Canada. Countries like Netherlands, Germany, Spain are the major markets in Europe due to emphasis on sustainable agricultural practices. Major share of hydroponics produce in Asia Pacific is concentrated in China, Japan and Australia owing to land and water constraints in these densely populated nations. The fastest growing regional market for hydroponics is Latin America led by Brazil, Chile and Colombia. This growth can be attributed to rising area under greenhouse cultivation supported by government initiatives and increasing exports of high value crops. Countries like Kenya and Morocco in Africa are also emerging as lucrative markets for hydroponics with growing commercial greenhouse industry.

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Vertical Farming Market Analysis And Segment Forecast till 2030

The global vertical farming market was valued at USD 6.92 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 20.1% from 2023 to 2030. This rapid growth is driven by several key factors, with one of the primary drivers being the increasing adoption of environmentally friendly agricultural practices to produce fruits and vegetables. As the global population continues to grow at an unprecedented rate, there is an escalating demand for urban agriculture solutions, particularly in cities where traditional farming space is limited or unavailable. Vertical farming, which involves growing crops in stacked layers or vertically inclined surfaces, is well-suited to meet these demands, offering a more sustainable, space-efficient method of food production in urban environments.

The vertical farming market is currently in a high-growth stage, marked by significant technological innovation. Various advanced technologies, including sensors and cameras, are being increasingly integrated into vertical farming systems to enhance resource efficiency, improve crop yields, and address challenges such as limited space and environmental constraints. Additionally, technologies like hydroponics (growing plants in a water-based, nutrient-rich solution), aeroponics (growing plants in air or mist without soil), LED grow lights (to simulate sunlight), and automation systems (for enhanced precision and efficiency) are frequently employed to improve farming outcomes, optimize energy use, and boost overall crop quality.

The growth of the vertical farming market can also be attributed to several broader trends, such as steady population growth, government incentives, the limited availability of cultivable land, and an increasing demand for high-quality, fresh food. Another important factor is the growing consumer demand for organic food, which has positively impacted the vertical farming sector. As more consumers place higher value on organic and locally grown products, vertical farming offers a viable and scalable solution to meet this demand, providing fresh, nutritious produce in a sustainable manner.

Gather more insights about the market drivers, restrains and growth of the Vertical Farming Market

Regional Insights:

In terms of revenue, Europe led the vertical farming market in 2022, holding a market share of approximately 31.7%. Europe is expected to maintain its dominance throughout the forecast period (2023-2030). The region’s strong market position can be attributed to growing awareness about the importance of alternative farming solutions, particularly due to challenges such as scarcity of fertile agricultural land and the effects of population growth. The shift towards urban agriculture in Europe is being driven by the need for more efficient food production methods in cities with limited space.

Europe is also expected to experience significant growth in the vertical farming sector due to the expansion of genetically modified (GM) crop technology and advancements in nanotechnology and robotics for farming. Nanotechnology, in particular, is helping improve food packaging, optimize disease and pest control, and boost overall crop performance, making it a key technological enabler in the region's vertical farming industry.

The European Environment Agency has launched several initiatives aimed at building vertical farms to address ongoing challenges related to population growth, climate change, and the need for more sustainable food production methods. These efforts are expected to continue driving market demand in the region as governments and private entities invest in sustainable agricultural solutions.

In Africa, the vertical farming market is anticipated to grow due to the increasing urbanization and the commercialization of indoor farming. As cities expand, there is rising demand for space-efficient farming solutions. However, the region faces significant barriers to growth, including lack of financial resources to build modern vertical farming systems, as well as limited access to water and land. To overcome these challenges, innovative farming models, such as vertically stacked wooden crates and sack gardens, are being explored and adopted. These low-cost alternatives provide a way to practice vertical farming in resource-constrained environments, offering a potential avenue for growth in the region.

Browse through Grand View Research's Category Next Generation Technologies Industry Research Reports.

The global cannabis vertical farming market size was estimated at USD 487.5 million in 2024 and is anticipated to grow at a CAGR of 19.3% from 2025 to 2030.

The global field device management market size was valued at USD 1.83 billion in 2024 and is projected to grow at a CAGR of 6.8% from 2025 to 2030.

Key Companies & Market Share Insights:

The vertical farming market is relatively fragmented, with several key players operating across different regions. Some of the prominent companies driving the market include Agrilution GmbH, Aerofarm, Brightfarms Inc., Everlight Electronics Co., Ltd., Freight Farms, GrowUp Urban Farms Ltd., Green Sense Farms, LLC, and Vertical Farm Systems. These companies are at the forefront of innovation in vertical farming technologies, working to improve the efficiency, sustainability, and scalability of urban farming solutions.

Vertical Farm Systems is focused on developing fully automated growing systems that use reusable mediums and energy-efficient climate cells. The company integrates artificial intelligence (AI) and automation to optimize growing conditions, allowing for more efficient farming with less human intervention and higher precision in crop management.

Brightfarms Inc. is an indoor farming company that specializes in fresh packaged salads grown in controlled environments. The company emphasizes the development of efficient vertical farming systems that prioritize resource efficiency and sustainable practices. Their products are sold locally, reducing the environmental footprint associated with long-distance food transportation.

Bowery Farming is another emerging player in the market, providing vertical farming solutions combined with digital agriculture The company, based in New York, operates farms in New Jersey, Maryland, and Pennsylvania, using data-driven insights to optimize crop growth and improve operational efficiency. Bowery Farming is expanding its footprint in the U.S. and continues to focus on sustainable farming practices that can scale with increasing urban populations.

Aerofarm is a S.-based indoor farming company that utilizes artificial intelligence (AI) and plant biology to enhance the efficiency and productivity of its vertical farming systems. The company’s mission is to address the shortcomings of the existing food system and improve the growth and quality of fresh produce through advanced, sustainable farming techniques.

These key players are actively developing and implementing new farming technologies to meet the increasing demand for sustainable, high-quality produce while reducing the reliance on traditional farming methods that are often constrained by land and resource limitations. Their efforts are focused on improving crop yield, reducing environmental impact, and driving the global adoption of vertical farming techniques.

Key Vertical Farming Companies:

AeroFarms (U.S.)

Illumitex, Inc. (U.S.)

American Hydroponics (U.S.)

Agrilution GmbH

Brightfarms Inc.

Everlight Electronics Co., Ltd.

Freight Farms

GrowUp Urban Farms Ltd.

Green Sense Farms, LLC

Vertical Farm Systems.

Order a free sample PDF of the Vertical Farming Market Intelligence Study, published by Grand View Research.

[marketstudyreport]

Vertical Farming Industry Outlook, Research, Trends and Forecast to 2030

The global vertical farming market was valued at USD 6.92 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 20.1% from 2023 to 2030. This rapid growth is driven by several key factors, with one of the primary drivers being the increasing adoption of environmentally friendly agricultural practices to produce fruits and vegetables. As the global population continues to grow at an unprecedented rate, there is an escalating demand for urban agriculture solutions, particularly in cities where traditional farming space is limited or unavailable. Vertical farming, which involves growing crops in stacked layers or vertically inclined surfaces, is well-suited to meet these demands, offering a more sustainable, space-efficient method of food production in urban environments.

The vertical farming market is currently in a high-growth stage, marked by significant technological innovation. Various advanced technologies, including sensors and cameras, are being increasingly integrated into vertical farming systems to enhance resource efficiency, improve crop yields, and address challenges such as limited space and environmental constraints. Additionally, technologies like hydroponics (growing plants in a water-based, nutrient-rich solution), aeroponics (growing plants in air or mist without soil), LED grow lights (to simulate sunlight), and automation systems (for enhanced precision and efficiency) are frequently employed to improve farming outcomes, optimize energy use, and boost overall crop quality.

The growth of the vertical farming market can also be attributed to several broader trends, such as steady population growth, government incentives, the limited availability of cultivable land, and an increasing demand for high-quality, fresh food. Another important factor is the growing consumer demand for organic food, which has positively impacted the vertical farming sector. As more consumers place higher value on organic and locally grown products, vertical farming offers a viable and scalable solution to meet this demand, providing fresh, nutritious produce in a sustainable manner.

Gather more insights about the market drivers, restrains and growth of the Vertical Farming Market

Regional Insights:

In terms of revenue, Europe led the vertical farming market in 2022, holding a market share of approximately 31.7%. Europe is expected to maintain its dominance throughout the forecast period (2023-2030). The region’s strong market position can be attributed to growing awareness about the importance of alternative farming solutions, particularly due to challenges such as scarcity of fertile agricultural land and the effects of population growth. The shift towards urban agriculture in Europe is being driven by the need for more efficient food production methods in cities with limited space.

Europe is also expected to experience significant growth in the vertical farming sector due to the expansion of genetically modified (GM) crop technology and advancements in nanotechnology and robotics for farming. Nanotechnology, in particular, is helping improve food packaging, optimize disease and pest control, and boost overall crop performance, making it a key technological enabler in the region's vertical farming industry.

The European Environment Agency has launched several initiatives aimed at building vertical farms to address ongoing challenges related to population growth, climate change, and the need for more sustainable food production methods. These efforts are expected to continue driving market demand in the region as governments and private entities invest in sustainable agricultural solutions.

In Africa, the vertical farming market is anticipated to grow due to the increasing urbanization and the commercialization of indoor farming. As cities expand, there is rising demand for space-efficient farming solutions. However, the region faces significant barriers to growth, including lack of financial resources to build modern vertical farming systems, as well as limited access to water and land. To overcome these challenges, innovative farming models, such as vertically stacked wooden crates and sack gardens, are being explored and adopted. These low-cost alternatives provide a way to practice vertical farming in resource-constrained environments, offering a potential avenue for growth in the region.

Browse through Grand View Research's Category Next Generation Technologies Industry Research Reports.

The global cannabis vertical farming market size was estimated at USD 487.5 million in 2024 and is anticipated to grow at a CAGR of 19.3% from 2025 to 2030.

The global field device management market size was valued at USD 1.83 billion in 2024 and is projected to grow at a CAGR of 6.8% from 2025 to 2030.

Key Companies & Market Share Insights:

The vertical farming market is relatively fragmented, with several key players operating across different regions. Some of the prominent companies driving the market include Agrilution GmbH, Aerofarm, Brightfarms Inc., Everlight Electronics Co., Ltd., Freight Farms, GrowUp Urban Farms Ltd., Green Sense Farms, LLC, and Vertical Farm Systems. These companies are at the forefront of innovation in vertical farming technologies, working to improve the efficiency, sustainability, and scalability of urban farming solutions.

Vertical Farm Systems is focused on developing fully automated growing systems that use reusable mediums and energy-efficient climate cells. The company integrates artificial intelligence (AI) and automation to optimize growing conditions, allowing for more efficient farming with less human intervention and higher precision in crop management.

Brightfarms Inc. is an indoor farming company that specializes in fresh packaged salads grown in controlled environments. The company emphasizes the development of efficient vertical farming systems that prioritize resource efficiency and sustainable practices. Their products are sold locally, reducing the environmental footprint associated with long-distance food transportation.

Bowery Farming is another emerging player in the market, providing vertical farming solutions combined with digital agriculture The company, based in New York, operates farms in New Jersey, Maryland, and Pennsylvania, using data-driven insights to optimize crop growth and improve operational efficiency. Bowery Farming is expanding its footprint in the U.S. and continues to focus on sustainable farming practices that can scale with increasing urban populations.

Aerofarm is a S.-based indoor farming company that utilizes artificial intelligence (AI) and plant biology to enhance the efficiency and productivity of its vertical farming systems. The company’s mission is to address the shortcomings of the existing food system and improve the growth and quality of fresh produce through advanced, sustainable farming techniques.

These key players are actively developing and implementing new farming technologies to meet the increasing demand for sustainable, high-quality produce while reducing the reliance on traditional farming methods that are often constrained by land and resource limitations. Their efforts are focused on improving crop yield, reducing environmental impact, and driving the global adoption of vertical farming techniques.

Key Vertical Farming Companies:

AeroFarms (U.S.)

Illumitex, Inc. (U.S.)

American Hydroponics (U.S.)

Agrilution GmbH

Brightfarms Inc.

Everlight Electronics Co., Ltd.

Freight Farms

GrowUp Urban Farms Ltd.

Green Sense Farms, LLC

Vertical Farm Systems.

Order a free sample PDF of the Vertical Farming Market Intelligence Study, published by Grand View Research.

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Vertical Farming Industry Competitive Landscape and Industry Analysis 2030

The global vertical farming market was valued at USD 6.92 billion in 2023, with a projected compound annual growth rate (CAGR) of 20.1% from 2023 to 2030. This rapid growth is attributed to the increasing adoption of environment-friendly methods for producing fruits and vegetables. As the global population continues to rise, urban agriculture has become essential to meet the demand for food in densely populated areas.

Vertical farming involves growing food in stacked layers, which may be set up in warehouses, skyscrapers, or even repurposed shipping containers. The popularity of organic foods, often considered healthier and more nutritious, has bolstered demand for vertically farmed produce due to its eco-friendly image. Consumer preferences for organic food also impact producers, policymakers, and suppliers, as they develop marketing strategies to cater to these health-conscious and environmentally aware consumers.

Gather more insights about the market drivers, restrains and growth of the Vertical Farming Market

Health concerns such as obesity and heart disease have led many people to seek healthier food options, increasing the demand for organic produce. Additionally, issues like groundwater depletion and changing climate conditions have encouraged traditional farmers to explore alternative farming methods. Vertical farming allows for year-round crop production, which significantly boosts productivity compared to traditional farming. Controlled environment agriculture (CEA) techniques enable these indoor farms to maintain ideal growing conditions through artificial environmental controls, including lighting, temperature, and fertigation (the application of fertilizers through irrigation).

The need for high-quality, reliable food sources is also driven by urbanization and population growth. The adoption of vertical farming techniques addresses this demand by enabling crops to be grown in urban spaces, such as multi-story buildings or warehouses. As the global population is expected to increase significantly by 2030, vertical farming offers a viable solution to meet food production needs.

Growing Mechanism Segmentation Insights:

Among the various growing mechanisms used in vertical farming, hydroponics held the largest market share in 2022 and is expected to remain the dominant method from 2023 to 2030. Hydroponics is popular due to its relatively low installation costs and simplicity in operation. This method involves growing plants without soil; instead, the plants’ roots are placed in a nutrient-rich mineral solution. Hydroponics minimizes the risk of soil-borne diseases, which makes it an efficient choice for many farmers. Additionally, hydroponic systems typically produce higher yields than soil-based growing systems, as they allow for precise control over nutrient levels. The plants’ roots are immersed in a solution that is periodically checked and adjusted to maintain the ideal nutrient balance.

Consumer awareness of pesticide effects has further boosted demand for hydroponic farming, as it allows for pesticide-free growth. Hydroponic systems also reduce water usage and space requirements, making it highly efficient and environmentally friendly.

The aquaponics segment is expected to gain a notable share of the market during the forecast period. Aquaponics combines hydroponics with aquaculture, creating a closed-loop system where fish waste provides nutrients for plants. This eliminates the need for artificial fertilizers and pesticides, making aquaponics an entirely natural and sustainable system. Plants like lettuce, kale, chives, peppers, mint, cucumbers, and peas are well-suited to aquaponic growth. Fish waste in the water enriches the nutrient levels, accelerating crop production while simultaneously supporting fish growth. This system is sustainable, eliminates the need for chemical fertilizers, and is particularly attractive for consumers and farmers focused on organic and eco-friendly production.

The aeroponics segment is also projected to experience significant growth over the coming years. Like hydroponics, aeroponics does not rely on soil; however, it does not even use a growing medium. Instead, plant roots are suspended in the air within a dark chamber and periodically misted with a nutrient-rich solution. This approach allows for maximum oxygenation of the roots, which promotes faster and healthier plant growth. Aeroponics is considered one of the most efficient growing methods, as it allows plants to grow quickly and with minimal water usage. The lack of soil and medium also reduces contamination risks, making aeroponics an ideal option for producing high-quality produce with minimal resource usage.

Each of these vertical farming methods hydroponics, aquaponics, and aeroponics offers unique advantages, and the continued growth of these segments reflects the demand for sustainable, efficient, and pesticide-free food production systems.

Order a free sample PDF of the Vertical Farming Market Intelligence Study, published by Grand View Research.