Get more information on Vertical Farming Market - Request Free Sample Report
The Vertical Farming Market Size was valued at USD 5.81 Billion in 2023. It is estimated to reach USD 35.76 Billion by 2032, growing at a CAGR of 22.42% during 2024-2032.
The vertical farming market is experiencing rapid growth as urban areas adopt innovative solutions to meet the rising demand for sustainable food production. With urbanization on the rise, it is crucial to bring food production closer to city centers, effectively reducing transportation costs and emissions linked to traditional farming methods. Vertical farms, strategically located within or near urban settings, minimize the distance food travels from farm to table. These farms are designed to be highly efficient, requiring significantly less land and water than conventional agriculture, with the ability to cut water usage by up to 90% while yielding ten times more produce per square foot than traditional farming techniques. In 2022, indoor vertical farming companies attracted substantial investments totaling USD 2.4 billion. However, in the first quarter of 2023, they raised USD 75.8 million globally across 14 deals, reflecting a 70% decline in deal value from the previous quarter. Notably, indoor farming startups captured approximately 20% of the USD 4.5 billion invested in ag-tech startups in 2022. A key application of vertical farming lies in the cultivation of leafy greens, herbs, and microgreens, which grow rapidly and can be harvested multiple times throughout the year. This is particularly beneficial for restaurants, grocery stores, and online food delivery services that require a consistent supply of high-quality, fresh produce.
Furthermore, vertical farming is making strides in the pharmaceutical and cosmetic industries by cultivating medicinal plants and herbs known for their specific health and wellness benefits. For instance, herbs like basil, rich in essential oils and antioxidants, can be grown year-round with precise control over light and nutrients, enhancing their potency. This capability enables pharmaceutical companies to produce more consistent ingredients for medicines and natural health products, highlighting the transformative potential of vertical farming in various sectors.
Drivers
Sustainability is a significant driving force behind the adoption of vertical farming.
With growing recognition of climate change and environmental harm, both consumers and businesses are looking for sustainable agricultural methods. Conventional farming is commonly linked to excessive water consumption, soil degradation, and heavy dependence on chemical pesticides and fertilizers. On the other hand, vertical farming reduces these environmental effects. Vertical farms usually require 90% less water than traditional farms because of closed-loop irrigation systems that reuse water. Fewer pesticides are required when soil cultivation is absent, as controlled environments are more resistant to pests and diseases. Furthermore, vertical farming helps lessen carbon footprints by reducing transportation emissions through its proximity to urban areas. Additionally, vertical farms can also operate using renewable energy sources like solar or wind power, which helps to improve their sustainability credentials. Incorporating advanced technologies like LED lighting, climate control systems, and data analytics enhances efficiency and maximizes energy utilization. Vertical farming, meeting the growing demand for sustainable products, caters to environmentally conscious consumers by providing eco-friendly options.
The rising awareness of health and nutrition is significantly influencing the vertical farming market.
Consumers are placing a growing emphasis on fresh, organic fruits and vegetables and are exploring options other than conventionally grown foods that may have harmful pesticides or reduced nutritional value from long transportation. Vertical farming addresses these issues by growing crops in controlled settings without chemicals and minimal handling. Vertical farms often result in fresh produce reaching the table quicker, thus preserving more nutrients compared to conventionally grown produce with longer transport times. Furthermore, vertical farms can grow a larger selection of crops, such as herbs and specialty greens that are frequently not found in traditional farming practices. Vertical farming is meeting the increasing demand for organic and locally sourced food by providing high-quality and sustainably grown produce that is also nutritious. Understanding the connections between diet, health, and well-being is influencing changes in consumer preferences. Vertical farming supports urban populations in accessing healthy, nutrient-rich food, in line with the growing trend towards a healthier lifestyle.
Restraints
Despite the sustainability benefits of vertical farming, energy consumption remains a significant concern.
Vertical farms heavily depend on artificial lighting like LED lights to facilitate plant growth in controlled conditions. The ongoing usage of these energy-demanding systems may result in increased electricity expenses, prompting concerns regarding the overall long-term viability of vertical farming practices. Relying on non-renewable energy sources in vertical farming can reduce its environmental advantages. With the increase in energy costs and the growing emphasis on reducing carbon footprints, vertical farming operations may come under closer examination for their sustainability. Even though energy-efficient technologies are advancing and reducing energy use, the challenges remain due to the continued high demand for electricity. Moreover, the way energy is sourced can affect the carbon footprint of vertical farms. If vertical farming relies on electricity from fossil fuels, the environmental benefits may be at risk. Thus, it is imperative to guarantee that vertical farms utilize renewable energy sources for their continued sustainability and widespread adoption in the market.
by Structure
The shipping container dominated with a 58% market share in 2023 in the vertical farming industry. This technique involves using refurbished shipping containers with modern technology to enable effective, space-efficient farming in city settings. Shipping containers, which are pre-made, weather-resistant, and portable, are perfect for urban environments with minimal space. Farmbox Foods and Container Farm have effectively implemented shipping container farms to grow fresh, local produce, decreasing the environmental impact of food shipping.
The building-based vertical farming is projected to experience a rapid growth rate during 2024-2032, due to urbanization and the need for sustainable food production in cities. Vertical farms located in buildings have an advantage by being close to consumers, cutting down on transportation expenses, and improving the quality of produce. Well-known entities such as Gotham Greens and Plenty showcase this strategy by converting rooftops and warehouses into efficient farming areas, illustrating how urban infrastructure can be utilized to address food security issues.
Need any customization research on Vertical Farming Market - Enquiry Now
by Component
The hardware segment dominated with a 45% market share in 2023, mainly because of the significant investments in cutting-edge agricultural technologies. This section contains necessary supplies like LED grow lights, hydroponic systems, climate control systems, and irrigation technologies. The growing need for effective methods of producing food in cities is pushing the use of these hardware solutions, which allow for optimal plant growth in small areas. Businesses such as Lettuce Grow use advanced hardware configurations to create modular and expandable farming systems, which support sustainable agriculture.
The software segment is expected to have the fastest CAGR during 2024-2032 in the vertical farming market, showcasing the rising significance of data analytics and automation in contemporary agriculture. Sophisticated software solutions provide real-time monitoring, predictive analytics, and farm management tools to maximize resource efficiency and improve crop yields. Farmobile and similar companies create platforms that gather data from different sensors, allowing farmers to make well-informed decisions using practical insights.
Europe held a 35% market share by dominating the market in 2023 and it is anticipated to become the fastest-growing region during 2024-2032, due to its advanced agricultural infrastructure, increasing urbanization, and environmental sustainability initiatives. European countries, including the Netherlands, Germany, and the UK, have adopted vertical farming to address food security and reduce dependency on imports. High consumer demand for fresh, locally grown produce has led to rapid investments in vertical farming technologies, and stringent regulations on sustainable practices have further boosted this sector. Key companies such as Infarm, based in Germany, and Agricool from France, provide modular urban farming solutions to meet rising demand for fresh produce within dense urban areas.
Key Players
The key players in the Vertical Farming Market are:
AeroFarms (Model X, Dream Greens)
Plenty (Farm Stack, Lettuce Mix)
Bowery Farming (Bowery Arugula, Bowery Kale)
Infarm (Infarm Grow Platform, Infarm Salad Greens)
BrightFarms (Sunny Crunch, BrightBerry)
Gotham Greens (Gotham Butterhead Lettuce, Gotham Pesto Basil)
Freight Farms (Greenery S, Leafy Green Machine)
Vertical Harvest (Microgreen Mix, Leafy Blend)
Spread Co., Ltd. (Techno Farm Keihanna, Green Leaf)
Agricool (Coolberry, Coolgreens)
Urban Crop Solutions (Plant Factory, Cropbox)
Sky Greens (Sky Urban Systems, Vertical Farming Towers)
Kalera (Kale Microgreens, Butterhead Lettuce)
Altius Farms (Living Butter Lettuce, Living Basil)
Square Roots (Herb Gardens, Square Roots Salad Mix)
JungleBox (Modular Farm System, JungleBox Greens)
Sky Vegetables (Sky Romaine, Sky Basil)
Plantagon (Plantagon CityFarm, Vertical Greenhouse)
iFarm (iFarm Growtune, iFarm Leafy Greens)
Mirai Co., Ltd. (Mirai Leafy Green, Mirai Romaine)
Suppliers of Raw Materials/Components
OSRAM
Philips Lighting (Signify)
Illumitex
General Hydroponics
Current (by GE)
AgroMax
Heliospectra
Emerson Electric
Argus Controls Systems
HydroGarden
Recent Development
In April 2023, Harvest London successfully acquired a 140,000-square-foot location in South London to enhance its vertical farming activities. The objective of this new establishment is to generate a range of salads and herbs, backing the local food supply and benefiting from the investment of the Foresight Group.
In October 2024, Nature's Miracle Holding Inc., a renowned entity in vertical farming technology and infrastructure, has recently disclosed its partnership with Robostreet Inc. to procure 150 LS450 electric trucks through a Cooperation Agreement.
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | USD 5.81 Billion |
| Market Size by 2032 | USD 35.76 Billion |
| CAGR | CAGR of 22.42% From 2024 to 2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Structure (Shipping Container, Building-based) • By Component (Hardware, Software, Services) • By Growing Mechanism (Hydroponics, Aeroponics, Aquaponics) • By Crop Category (Fruits, Vegetables & Herbs, Flowers & Ornamentals, Others) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
| Company Profiles | AeroFarms, Plenty, Bowery Farming, Infarm, BrightFarms, Gotham Greens, Freight Farms, Vertical Harvest, Spread Co., Ltd., Agricool, Urban Crop Solutions, Sky Greens, Kalera, Altius Farms, Square Roots, JungleBox, Sky Vegetables, Plantagon, iFarm, Mirai Co., Ltd. |
| Key Drivers | • Sustainability is a significant driving force behind the adoption of vertical farming. • The rising awareness of health and nutrition is significantly influencing the vertical farming market. |
| RESTRAINTS | • Despite the sustainability benefits of vertical farming, energy consumption remains a significant concern. |
Ans: The rising awareness of health and nutrition is significantly influencing the vertical farming market.
Ans: Vertical Farming Market size was USD 5.81 Billion in 2023 and is expected to Reach USD 35.76 Billion by 2032.
Ans: Europe dominated the Vertical Farming Market in 2023.
Ans: The Vertical Farming Market is expected to grow at a CAGR of 22.42% during 2024-2032.
Ans: The Hardware segment dominated the Vertical Farming Market.
Table of Content
1. Introduction
1.1 Market Definition
1.2 Scope (Inclusion and Exclusions)
1.3 Research Assumptions
2. Executive Summary
2.1 Market Overview
2.2 Regional Synopsis
2.3 Competitive Summary
3. Research Methodology
3.1 Top-Down Approach
3.2 Bottom-up Approach
3.3. Data Validation
3.4 Primary Interviews
4. Market Dynamics Impact Analysis
4.1 Market Driving Factors Analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2 PESTLE Analysis
4.3 Porter’s Five Forces Model
5. Statistical Insights and Trends Reporting
5.1 Vertical Farming Cost Analysis, 2023
5.2 Vertical Farming Technological Adoption Rates
5.3 Vertical Farming Integration Capabilities
5.4 Environmental Impact Metrics
6. Competitive Landscape
6.1 List of Major Companies, by Region
6.2 Market Share Analysis, by Region
6.3 Product Benchmarking
6.3.1 Product specifications and features
6.3.2 Pricing
6.4 Strategic Initiatives
6.4.1 Marketing and promotional activities
6.4.2 Distribution and Supply Chain Strategies
6.4.3 Expansion plans and new product launches
6.4.4 Strategic partnerships and collaborations
6.5 Technological Advancements
6.6 Market Positioning and Branding
7. Vertical Farming Market Segmentation, by Component
7.1 Chapter Overview
7.2 Hardware
7.2.1 Hardware Market Trends Analysis (2020-2032)
7.2.2 Hardware Market Size Estimates and Forecasts to 2032 (USD Billion)
7.3 Software
7.3.1 Software Market Trends Analysis (2020-2032)
7.3.2 Software Market Size Estimates and Forecasts to 2032 (USD Billion)
7.4 Services
7.4.1 Services Market Trends Analysis (2020-2032)
7.4.2 Services Market Size Estimates and Forecasts to 2032 (USD Billion)
8. Vertical Farming Market Segmentation, by Structure
8.1 Chapter Overview
8.2 Shipping Container
8.2.1 Shipping Container Market Trends Analysis (2020-2032)
8.2.2 Shipping Container Market Size Estimates and Forecasts to 2032 (USD Billion)
8.3 Building-based
8.3.1 Building-based Market Trends Analysis (2020-2032)
8.3.2 Building-based Market Size Estimates and Forecasts to 2032 (USD Billion)
9. Vertical Farming Market Segmentation, by Growing Mechanism
9.1 Chapter Overview
9.2 Hydroponics
9.2.1 Hydroponics Market Trends Analysis (2020-2032)
9.2.2 Hydroponics Market Size Estimates and Forecasts to 2032 (USD Billion)
9.3 Aeroponics
9.3.1 Aeroponics Market Trends Analysis (2020-2032)
9.3.2 Aeroponics Market Size Estimates and Forecasts to 2032 (USD Billion)
9.4 Aquaponics
9.4.1 Aquaponics Market Trends Analysis (2020-2032)
9.4.2 Aquaponics Market Size Estimates and Forecasts to 2032 (USD Billion)
10. Vertical Farming Market Segmentation, by Crop Category
10.1 Chapter Overview
10.2 Fruits Vegetables, & Herbs
10.2.1 Fruits Vegetables, & Herbs Market Trends Analysis (2020-2032)
10.2.2 Fruits Vegetables, & Herbs Market Size Estimates and Forecasts to 2032 (USD Billion)
10.3 Flowers & Ornamentals
10.3.1 Flowers & Ornamentals Market Trends Analysis (2020-2032)
10.3.2 Flowers & Ornamentals Market Size Estimates and Forecasts to 2032 (USD Billion)
10.4 Others
10.4.1 Others Market Trends Analysis (2020-2032)
10.4.2 Others Market Size Estimates and Forecasts to 2032 (USD Billion)
11. Regional Analysis
11.1 Chapter Overview
11.2 North America
11.2.1 Trends Analysis
11.2.2 North America Vertical Farming Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
11.2.3 North America Vertical Farming Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
11.2.4 North America Vertical Farming Market Estimates and Forecasts, by Structure (2020-2032) (USD Billion)
11.2.5 North America Vertical Farming Market Estimates and Forecasts, by Growing Mechanism (2020-2032) (USD Billion)
11.2.6 North America Vertical Farming Market Estimates and Forecasts, by Crop Category (2020-2032) (USD Billion)
11.2.7 USA
11.2.7.1 USA Vertical Farming Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
11.2.7.2 USA Vertical Farming Market Estimates and Forecasts, by Structure (2020-2032) (USD Billion)
11.2.7.3 USA Vertical Farming Market Estimates and Forecasts, by Growing Mechanism (2020-2032) (USD Billion)
11.2.7.4 USA Vertical Farming Market Estimates and Forecasts, by Crop Category (2020-2032) (USD Billion)
11.2.8 Canada
11.2.8.1 Canada Vertical Farming Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
11.2.8.2 Canada Vertical Farming Market Estimates and Forecasts, by Structure (2020-2032) (USD Billion)
11.2.8.3 Canada Vertical Farming Market Estimates and Forecasts, by Growing Mechanism (2020-2032) (USD Billion)
11.2.8.4 Canada Vertical Farming Market Estimates and Forecasts, by Crop Category (2020-2032) (USD Billion)
11.2.9 Mexico
11.2.9.1 Mexico Vertical Farming Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
11.2.9.2 Mexico Vertical Farming Market Estimates and Forecasts, by Structure (2020-2032) (USD Billion)
11.2.9.3 Mexico Vertical Farming Market Estimates and Forecasts, by Growing Mechanism (2020-2032) (USD Billion)
11.2.9.4 Mexico Vertical Farming Market Estimates and Forecasts, by Crop Category (2020-2032) (USD Billion)
11.3 Europe
11.3.1 Eastern Europe
11.3.1.1 Trends Analysis
11.3.1.2 Eastern Europe Vertical Farming Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
11.3.1.3 Eastern Europe Vertical Farming Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
11.3.1.4 Eastern Europe Vertical Farming Market Estimates and Forecasts, by Structure (2020-2032) (USD Billion)
11.3.1.5 Eastern Europe Vertical Farming Market Estimates and Forecasts, by Growing Mechanism (2020-2032) (USD Billion)
11.3.1.6 Eastern Europe Vertical Farming Market Estimates and Forecasts, by Crop Category (2020-2032) (USD Billion)
11.3.1.7 Poland
11.3.1.7.1 Poland Vertical Farming Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
11.3.1.7.2 Poland Vertical Farming Market Estimates and Forecasts, by Structure (2020-2032) (USD Billion)
11.3.1.7.3 Poland Vertical Farming Market Estimates and Forecasts, by Growing Mechanism (2020-2032) (USD Billion)
11.3.1.7.4 Poland Vertical Farming Market Estimates and Forecasts, by Crop Category (2020-2032) (USD Billion)
11.3.1.8 Romania
11.3.1.8.1 Romania Vertical Farming Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
11.3.1.8.2 Romania Vertical Farming Market Estimates and Forecasts, by Structure (2020-2032) (USD Billion)
11.3.1.8.3 Romania Vertical Farming Market Estimates and Forecasts, by Growing Mechanism (2020-2032) (USD Billion)
11.3.1.8.4 Romania Vertical Farming Market Estimates and Forecasts, by Crop Category (2020-2032) (USD Billion)
11.3.1.9 Hungary
11.3.1.9.1 Hungary Vertical Farming Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
11.3.1.9.2 Hungary Vertical Farming Market Estimates and Forecasts, by Structure (2020-2032) (USD Billion)
11.3.1.9.3 Hungary Vertical Farming Market Estimates and Forecasts, by Growing Mechanism (2020-2032) (USD Billion)
11.3.1.9.4 Hungary Vertical Farming Market Estimates and Forecasts, by Crop Category (2020-2032) (USD Billion)
11.3.1.10 Turkey
11.3.1.10.1 Turkey Vertical Farming Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
11.3.1.10.2 Turkey Vertical Farming Market Estimates and Forecasts, by Structure (2020-2032) (USD Billion)
11.3.1.10.3 Turkey Vertical Farming Market Estimates and Forecasts, by Growing Mechanism (2020-2032) (USD Billion)
11.3.1.10.4 Turkey Vertical Farming Market Estimates and Forecasts, by Crop Category (2020-2032) (USD Billion)
11.3.1.11 Rest of Eastern Europe
11.3.1.11.1 Rest of Eastern Europe Vertical Farming Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
11.3.1.11.2 Rest of Eastern Europe Vertical Farming Market Estimates and Forecasts, by Structure (2020-2032) (USD Billion)
11.3.1.11.3 Rest of Eastern Europe Vertical Farming Market Estimates and Forecasts, by Growing Mechanism (2020-2032) (USD Billion)
11.3.1.11.4 Rest of Eastern Europe Vertical Farming Market Estimates and Forecasts, by Crop Category (2020-2032) (USD Billion)
11.3.2 Western Europe
11.3.2.1 Trends Analysis
11.3.2.2 Western Europe Vertical Farming Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
11.3.2.3 Western Europe Vertical Farming Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
11.3.2.4 Western Europe Vertical Farming Market Estimates and Forecasts, by Structure (2020-2032) (USD Billion)
11.3.2.5 Western Europe Vertical Farming Market Estimates and Forecasts, by Growing Mechanism (2020-2032) (USD Billion)
11.3.2.6 Western Europe Vertical Farming Market Estimates and Forecasts, by Crop Category (2020-2032) (USD Billion)
11.3.2.7 Germany
11.3.2.7.1 Germany Vertical Farming Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
11.3.2.7.2 Germany Vertical Farming Market Estimates and Forecasts, by Structure (2020-2032) (USD Billion)
11.3.2.7.3 Germany Vertical Farming Market Estimates and Forecasts, by Growing Mechanism (2020-2032) (USD Billion)
11.3.2.7.4 Germany Vertical Farming Market Estimates and Forecasts, by Crop Category (2020-2032) (USD Billion)
11.3.2.8 France
11.3.2.8.1 France Vertical Farming Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
11.3.2.8.2 France Vertical Farming Market Estimates and Forecasts, by Structure (2020-2032) (USD Billion)
11.3.2.8.3 France Vertical Farming Market Estimates and Forecasts, by Growing Mechanism (2020-2032) (USD Billion)
11.3.2.8.4 France Vertical Farming Market Estimates and Forecasts, by Crop Category (2020-2032) (USD Billion)
11.3.2.9 UK
11.3.2.9.1 UK Vertical Farming Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
11.3.2.9.2 UK Vertical Farming Market Estimates and Forecasts, by Structure (2020-2032) (USD Billion)
11.3.2.9.3 UK Vertical Farming Market Estimates and Forecasts, by Growing Mechanism (2020-2032) (USD Billion)
11.3.2.9.4 UK Vertical Farming Market Estimates and Forecasts, by Crop Category (2020-2032) (USD Billion)
11.3.2.10 Italy
11.3.2.10.1 Italy Vertical Farming Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
11.3.2.10.2 Italy Vertical Farming Market Estimates and Forecasts, by Structure (2020-2032) (USD Billion)
11.3.2.10.3 Italy Vertical Farming Market Estimates and Forecasts, by Growing Mechanism (2020-2032) (USD Billion)
11.3.2.10.4 Italy Vertical Farming Market Estimates and Forecasts, by Crop Category (2020-2032) (USD Billion)
11.3.2.11 Spain
11.3.2.11.1 Spain Vertical Farming Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
11.3.2.11.2 Spain Vertical Farming Market Estimates and Forecasts, by Structure (2020-2032) (USD Billion)
11.3.2.11.3 Spain Vertical Farming Market Estimates and Forecasts, by Growing Mechanism (2020-2032) (USD Billion)
11.3.2.11.4 Spain Vertical Farming Market Estimates and Forecasts, by Crop Category (2020-2032) (USD Billion)
11.3.2.12 Netherlands
11.3.2.12.1 Netherlands Vertical Farming Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
11.3.2.12.2 Netherlands Vertical Farming Market Estimates and Forecasts, by Structure (2020-2032) (USD Billion)
11.3.2.12.3 Netherlands Vertical Farming Market Estimates and Forecasts, by Growing Mechanism (2020-2032) (USD Billion)
11.3.2.12.4 Netherlands Vertical Farming Market Estimates and Forecasts, by Crop Category (2020-2032) (USD Billion)
11.3.2.13 Switzerland
11.3.2.13.1 Switzerland Vertical Farming Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
11.3.2.13.2 Switzerland Vertical Farming Market Estimates and Forecasts, by Structure (2020-2032) (USD Billion)
11.3.2.13.3 Switzerland Vertical Farming Market Estimates and Forecasts, by Growing Mechanism (2020-2032) (USD Billion)
11.3.2.13.4 Switzerland Vertical Farming Market Estimates and Forecasts, by Crop Category (2020-2032) (USD Billion)
11.3.2.14 Austria
11.3.2.14.1 Austria Vertical Farming Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
11.3.2.14.2 Austria Vertical Farming Market Estimates and Forecasts, by Structure (2020-2032) (USD Billion)
11.3.2.14.3 Austria Vertical Farming Market Estimates and Forecasts, by Growing Mechanism (2020-2032) (USD Billion)
11.3.2.14.4 Austria Vertical Farming Market Estimates and Forecasts, by Crop Category (2020-2032) (USD Billion)
11.3.2.15 Rest of Western Europe
11.3.2.15.1 Rest of Western Europe Vertical Farming Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
11.3.2.15.2 Rest of Western Europe Vertical Farming Market Estimates and Forecasts, by Structure (2020-2032) (USD Billion)
11.3.2.15.3 Rest of Western Europe Vertical Farming Market Estimates and Forecasts, by Growing Mechanism (2020-2032) (USD Billion)
11.3.2.15.4 Rest of Western Europe Vertical Farming Market Estimates and Forecasts, by Crop Category (2020-2032) (USD Billion)
11.4 Asia Pacific
11.4.1 Trends Analysis
11.4.2 Asia Pacific Vertical Farming Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
11.4.3 Asia Pacific Vertical Farming Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
11.4.4 Asia Pacific Vertical Farming Market Estimates and Forecasts, by Structure (2020-2032) (USD Billion)
11.4.5 Asia Pacific Vertical Farming Market Estimates and Forecasts, by Growing Mechanism (2020-2032) (USD Billion)
11.4.6 Asia Pacific Vertical Farming Market Estimates and Forecasts, by Crop Category (2020-2032) (USD Billion)
11.4.7 China
11.4.7.1 China Vertical Farming Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
11.4.7.2 China Vertical Farming Market Estimates and Forecasts, by Structure (2020-2032) (USD Billion)
11.4.7.3 China Vertical Farming Market Estimates and Forecasts, by Growing Mechanism (2020-2032) (USD Billion)
11.4.7.4 China Vertical Farming Market Estimates and Forecasts, by Crop Category (2020-2032) (USD Billion)
11.4.8 India
11.4.8.1 India Vertical Farming Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
11.4.8.2 India Vertical Farming Market Estimates and Forecasts, by Structure (2020-2032) (USD Billion)
11.4.8.3 India Vertical Farming Market Estimates and Forecasts, by Growing Mechanism (2020-2032) (USD Billion)
11.4.8.4 India Vertical Farming Market Estimates and Forecasts, by Crop Category (2020-2032) (USD Billion)
11.4.9 Japan
11.4.9.1 Japan Vertical Farming Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
11.4.9.2 Japan Vertical Farming Market Estimates and Forecasts, by Structure (2020-2032) (USD Billion)
11.4.9.3 Japan Vertical Farming Market Estimates and Forecasts, by Growing Mechanism (2020-2032) (USD Billion)
11.4.9.4 Japan Vertical Farming Market Estimates and Forecasts, by Crop Category (2020-2032) (USD Billion)
11.4.10 South Korea
11.4.10.1 South Korea Vertical Farming Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
11.4.10.2 South Korea Vertical Farming Market Estimates and Forecasts, by Structure (2020-2032) (USD Billion)
11.4.10.3 South Korea Vertical Farming Market Estimates and Forecasts, by Growing Mechanism (2020-2032) (USD Billion)
11.4.10.4 South Korea Vertical Farming Market Estimates and Forecasts, by Crop Category (2020-2032) (USD Billion)
11.4.11 Vietnam
11.4.11.1 Vietnam Vertical Farming Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
11.4.11.2 Vietnam Vertical Farming Market Estimates and Forecasts, by Structure (2020-2032) (USD Billion)
11.4.11.3 Vietnam Vertical Farming Market Estimates and Forecasts, by Growing Mechanism (2020-2032) (USD Billion)
11.4.11.4 Vietnam Vertical Farming Market Estimates and Forecasts, by Crop Category (2020-2032) (USD Billion)
11.4.12 Singapore
11.4.12.1 Singapore Vertical Farming Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
11.4.12.2 Singapore Vertical Farming Market Estimates and Forecasts, by Structure (2020-2032) (USD Billion)
11.4.12.3 Singapore Vertical Farming Market Estimates and Forecasts, by Growing Mechanism (2020-2032) (USD Billion)
11.4.12.4 Singapore Vertical Farming Market Estimates and Forecasts, by Crop Category (2020-2032) (USD Billion)
11.4.13 Australia
11.4.13.1 Australia Vertical Farming Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
11.4.13.2 Australia Vertical Farming Market Estimates and Forecasts, by Structure (2020-2032) (USD Billion)
11.4.13.3 Australia Vertical Farming Market Estimates and Forecasts, by Growing Mechanism (2020-2032) (USD Billion)
11.4.13.4 Australia Vertical Farming Market Estimates and Forecasts, by Crop Category (2020-2032) (USD Billion)
11.4.14 Rest of Asia Pacific
11.4.14.1 Rest of Asia Pacific Vertical Farming Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
11.4.14.2 Rest of Asia Pacific Vertical Farming Market Estimates and Forecasts, by Structure (2020-2032) (USD Billion)
11.4.14.3 Rest of Asia Pacific Vertical Farming Market Estimates and Forecasts, by Growing Mechanism (2020-2032) (USD Billion)
11.4.14.4 Rest of Asia Pacific Vertical Farming Market Estimates and Forecasts, by Crop Category (2020-2032) (USD Billion)
11.5 Middle East and Africa
11.5.1 Middle East
11.5.1.1 Trends Analysis
11.5.1.2 Middle East Vertical Farming Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
11.5.1.3 Middle East Vertical Farming Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
11.5.1.4 Middle East Vertical Farming Market Estimates and Forecasts, by Structure (2020-2032) (USD Billion)
11.5.1.5 Middle East Vertical Farming Market Estimates and Forecasts, by Growing Mechanism (2020-2032) (USD Billion)
11.5.1.6 Middle East Vertical Farming Market Estimates and Forecasts, by Crop Category (2020-2032) (USD Billion)
11.5.1.7 UAE
11.5.1.7.1 UAE Vertical Farming Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
11.5.1.7.2 UAE Vertical Farming Market Estimates and Forecasts, by Structure (2020-2032) (USD Billion)
11.5.1.7.3 UAE Vertical Farming Market Estimates and Forecasts, by Growing Mechanism (2020-2032) (USD Billion)
11.5.1.7.4 UAE Vertical Farming Market Estimates and Forecasts, by Crop Category (2020-2032) (USD Billion)
11.5.1.8 Egypt
11.5.1.8.1 Egypt Vertical Farming Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
11.5.1.8.2 Egypt Vertical Farming Market Estimates and Forecasts, by Structure (2020-2032) (USD Billion)
11.5.1.8.3 Egypt Vertical Farming Market Estimates and Forecasts, by Growing Mechanism (2020-2032) (USD Billion)
11.5.1.8.4 Egypt Vertical Farming Market Estimates and Forecasts, by Crop Category (2020-2032) (USD Billion)
11.5.1.9 Saudi Arabia
11.5.1.9.1 Saudi Arabia Vertical Farming Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
11.5.1.9.2 Saudi Arabia Vertical Farming Market Estimates and Forecasts, by Structure (2020-2032) (USD Billion)
11.5.1.9.3 Saudi Arabia Vertical Farming Market Estimates and Forecasts, by Growing Mechanism (2020-2032) (USD Billion)
11.5.1.9.4 Saudi Arabia Vertical Farming Market Estimates and Forecasts, by Crop Category (2020-2032) (USD Billion)
11.5.1.10 Qatar
11.5.1.10.1 Qatar Vertical Farming Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
11.5.1.10.2 Qatar Vertical Farming Market Estimates and Forecasts, by Structure (2020-2032) (USD Billion)
11.5.1.10.3 Qatar Vertical Farming Market Estimates and Forecasts, by Growing Mechanism (2020-2032) (USD Billion)
11.5.1.10.4 Qatar Vertical Farming Market Estimates and Forecasts, by Crop Category (2020-2032) (USD Billion)
11.5.1.11 Rest of Middle East
11.5.1.11.1 Rest of Middle East Vertical Farming Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
11.5.1.11.2 Rest of Middle East Vertical Farming Market Estimates and Forecasts, by Structure (2020-2032) (USD Billion)
11.5.1.11.3 Rest of Middle East Vertical Farming Market Estimates and Forecasts, by Growing Mechanism (2020-2032) (USD Billion)
11.5.1.11.4 Rest of Middle East Vertical Farming Market Estimates and Forecasts, by Crop Category (2020-2032) (USD Billion)
11.5.2 Africa
11.5.2.1 Trends Analysis
11.5.2.2 Africa Vertical Farming Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
11.5.2.3 Africa Vertical Farming Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
11.5.2.4 Africa Vertical Farming Market Estimates and Forecasts, by Structure (2020-2032) (USD Billion)
11.5.2.5 Africa Vertical Farming Market Estimates and Forecasts, by Growing Mechanism (2020-2032) (USD Billion)
11.5.2.6 Africa Vertical Farming Market Estimates and Forecasts, by Crop Category (2020-2032) (USD Billion)
11.5.2.7 South Africa
11.5.2.7.1 South Africa Vertical Farming Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
11.5.2.7.2 South Africa Vertical Farming Market Estimates and Forecasts, by Structure (2020-2032) (USD Billion)
11.5.2.7.3 South Africa Vertical Farming Market Estimates and Forecasts, by Growing Mechanism (2020-2032) (USD Billion)
11.5.2.7.4 South Africa Vertical Farming Market Estimates and Forecasts, by Crop Category (2020-2032) (USD Billion)
11.5.2.8 Nigeria
11.5.2.8.1 Nigeria Vertical Farming Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
11.5.2.8.2 Nigeria Vertical Farming Market Estimates and Forecasts, by Structure (2020-2032) (USD Billion)
11.5.2.8.3 Nigeria Vertical Farming Market Estimates and Forecasts, by Growing Mechanism (2020-2032) (USD Billion)
11.5.2.8.4 Nigeria Vertical Farming Market Estimates and Forecasts, by Crop Category (2020-2032) (USD Billion)
11.5.2.9 Rest of Africa
11.5.2.9.1 Rest of Africa Vertical Farming Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
11.5.2.9.2 Rest of Africa Vertical Farming Market Estimates and Forecasts, by Structure (2020-2032) (USD Billion)
11.5.2.9.3 Rest of Africa Vertical Farming Market Estimates and Forecasts, by Growing Mechanism (2020-2032) (USD Billion)
11.5.2.9.4 Rest of Africa Vertical Farming Market Estimates and Forecasts, by Crop Category (2020-2032) (USD Billion)
11.6 Latin America
11.6.1 Trends Analysis
11.6.2 Latin America Vertical Farming Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
11.6.3 Latin America Vertical Farming Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
11.6.4 Latin America Vertical Farming Market Estimates and Forecasts, by Structure (2020-2032) (USD Billion)
11.6.5 Latin America Vertical Farming Market Estimates and Forecasts, by Growing Mechanism (2020-2032) (USD Billion)
11.6.6 Latin America Vertical Farming Market Estimates and Forecasts, by Crop Category (2020-2032) (USD Billion)
11.6.7 Brazil
11.6.7.1 Brazil Vertical Farming Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
11.6.7.2 Brazil Vertical Farming Market Estimates and Forecasts, by Structure (2020-2032) (USD Billion)
11.6.7.3 Brazil Vertical Farming Market Estimates and Forecasts, by Growing Mechanism (2020-2032) (USD Billion)
11.6.7.4 Brazil Vertical Farming Market Estimates and Forecasts, by Crop Category (2020-2032) (USD Billion)
11.6.8 Argentina
11.6.8.1 Argentina Vertical Farming Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
11.6.8.2 Argentina Vertical Farming Market Estimates and Forecasts, by Structure (2020-2032) (USD Billion)
11.6.8.3 Argentina Vertical Farming Market Estimates and Forecasts, by Growing Mechanism (2020-2032) (USD Billion)
11.6.8.4 Argentina Vertical Farming Market Estimates and Forecasts, by Crop Category (2020-2032) (USD Billion)
11.6.9 Colombia
11.6.9.1 Colombia Vertical Farming Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
11.6.9.2 Colombia Vertical Farming Market Estimates and Forecasts, by Structure (2020-2032) (USD Billion)
11.6.9.3 Colombia Vertical Farming Market Estimates and Forecasts, by Growing Mechanism (2020-2032) (USD Billion)
11.6.9.4 Colombia Vertical Farming Market Estimates and Forecasts, by Crop Category (2020-2032) (USD Billion)
11.6.10 Rest of Latin America
11.6.10.1 Rest of Latin America Vertical Farming Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
11.6.10.2 Rest of Latin America Vertical Farming Market Estimates and Forecasts, by Structure (2020-2032) (USD Billion)
11.6.10.3 Rest of Latin America Vertical Farming Market Estimates and Forecasts, by Growing Mechanism (2020-2032) (USD Billion)
11.6.10.4 Rest of Latin America Vertical Farming Market Estimates and Forecasts, by Crop Category (2020-2032) (USD Billion)
12. Company Profiles
12.1 AeroFarms
12.1.1 Company Overview
12.1.2 Financial
12.1.3 Products/ Services Offered
12.1.4 SWOT Analysis
12.2 Plenty
12.2.1 Company Overview
12.2.2 Financial
12.2.3 Products/ Services Offered
12.2.4 SWOT Analysis
12.3 Bowery Farming
12.3.1 Company Overview
12.3.2 Financial
12.3.3 Products/ Services Offered
12.3.4 SWOT Analysis
12.4 Infarm
12.4.1 Company Overview
12.4.2 Financial
12.4.3 Products/ Services Offered
12.4.4 SWOT Analysis
12.5 BrightFarms
12.5.1 Company Overview
12.5.2 Financial
12.5.3 Products/ Services Offered
12.5.4 SWOT Analysis
12.6 Gotham Greens
12.6.1 Company Overview
12.6.2 Financial
12.6.3 Products/ Services Offered
12.6.4 SWOT Analysis
12.7 Freight Farms
12.7.1 Company Overview
12.7.2 Financial
12.7.3 Products/ Services Offered
12.7.4 SWOT Analysis
12.8 Vertical Harvest
12.8.1 Company Overview
12.8.2 Financial
12.8.3 Products/ Services Offered
12.8.4 SWOT Analysis
12.9 Spread Co., Ltd.
12.9.1 Company Overview
12.9.2 Financial
12.9.3 Products/ Services Offered
12.9.4 SWOT Analysis
12.10 Urban Crop Solutions
12.10.1 Company Overview
12.10.2 Financial
12.10.3 Products/ Services Offered
12.10.4 SWOT Analysis
13. Use Cases and Best Practices
14. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
By Structure
Shipping Container
Building-based
By Component
Hardware
Software
Services
By Growing Mechanism
Hydroponics
Aeroponics
Aquaponics
By Crop Category
Fruits Vegetables, & Herbs
Flowers & Ornamentals
Others
Request for Segment Customization as per your Business Requirement: Segment Customization Request
REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of the Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
Request for Country Level Research Report: Country Level Customization Request
Available Customization
With the given market data, SNS Insider offers customization as per the company’s specific needs. The following customization options are available for the report:
Product Analysis
Criss-Cross segment analysis (e.g. Product X Application)
Product Matrix which gives a detailed comparison of the product portfolio of each company
Geographic Analysis
Additional countries in any of the regions
Company Information
Detailed analysis and profiling of additional market players (Up to five)
The Light Field Market Size was valued at USD 1.93 Billion in 2023 and is expected to reach USD 6.03 Billion by 2032 and grow at a CAGR of 13.5% over the forecast period 2024-2032.
The Electronic Manufacturing Services Market Size was valued at USD 553.51 Billion in 2023, growing at a CAGR of 5.55% During Forecast 2024-2032
The 3D Snapshot Sensor Market size was valued at USD 709.5 billion in 2023 and is forecasted to reach USD 3660.86 billion by 2032 and growing at a CAGR of 20.0% over the forecast period of 2024-2032.
The Cable Blowing Equipment Market Size was valued at USD 106.3 Million in 2023 and is expected to Hit USD 176.92 Million at a CAGR of 5.83% from 2024-2032
The Solid State Relay Market Size was valued at USD 1.13 Billion in 2023 and is expected to reach USD 1.82 Billion by 2032 and grow at a CAGR of 5.51% over the forecast period 2024-2032.
The Bluetooth IC Market Size was valued at USD 10.23 Billion in 2023 and is expected to reach USD 29.30 Billion by 2032 with a CAGR of 12.41% from 2024-2032
Hi! Click one of our member below to chat on Phone
© 2024 All Rights Reserved by SNS Insider Pvt Ltd
