Global Vertical Farming Market, Trends & Growth Opportunity, By Mechanism (Hydroponics, Aquaponics, Aeroponics), By Structure (Shipping Container, Building-Based), By Crop (Vegetables, Fruits, Herbs, Flowers), By Region and Forecast till 2030.
Global Vertical Farming Market
The global vertical farming market was valued at USD 5.96 Bn in 2022 and is expected to expand to USD 30.26 Bn by 2030 at a CAGR of 21.82% during the forecast period 2023-2030.
Vertical farming is the method of cultivating vegetables, fruits, and other produce in layers that are vertically stacked. The technique may employ hydroponic, aeroponic, or soil-growing techniques. In tough circumstances, such as those where arable land is few or unavailable, vertical farms try to generate food. The technique uses skyscraper-like structures and precision agriculture techniques to assist mountainside settlements, deserts, and cities grow various varieties of fruits and vegetables. Natural light and artificial light are frequently combined in vertical farming. Artificial lighting is frequently based on LED technology and may be powered by a renewable energy source, such solar or wind energy.
Market Driver
The demand for vertical farming is expanded by the rising rate of population. The vertical farming sector has been growing in many ways all over the world as a result of the rising population rate, which has shifted customer tastes for much healthier, organic, and ecologically friendly meals. This has opened up numerous opportunities for vertical farming companies.
Moreover, due to its higher yield than conventional farming, vertical farming is becoming more and more popular, which is anticipated to fuel market expansion. This is due to the use of LED lighting and climate control in vertical agriculture, which continuously alters temperature and humidity. Hence, vertical farming produces more than traditional farming.
Market Restraints
A significant factor anticipated to hinder market expansion is farmers' limited practical knowledge about vertical farming. Vertical farming's expensive start-up costs would probably restrain market expansion during the projection period. The cost of vertical farming is high since it affects every phase of the process, from finding the best facilities to picking the most productive crops. Also, the upfront cost is greatly increased by the land costs alone because land in metropolitan locations is typically expensive. Thus, these elements will hinder market expansion.
Market Segmentation
The global vertical farming market is segmented by mechanisms, such as hydroponics, aquaponics, and aeroponics. Based on structure, the market is segmented into structures, such as shipping container vertical farm and building-based vertical farm. Further, the market is segmented by crops, such as vegetables, fruits, herbs, and flowers.
Regional Analysis
Due to the increased use of genetically modified crops, Europe is predicted to experience significant growth during the forecast timeframe. Moreover, the growing use of nanotechnology and robots in agriculture increases regional market demand. Nanotechnology is used to enhance disease and pest management, as well as food packaging.
Asia Pacific is also expected to present lucrative growth opportunities due to rising population levels and increased food consumption in the region. The predominance of vast farmland areas and the availability of labor at fair rates will also contribute to the market's further expansion.
Key Players
AgSmarts Inc, Brightfarms Inc, GrowUp Urban Farms Ltd, AGCO Corporation, Gro Intelligence, Agrilution GmbH, CropMetrics LLC, Green Sense Farms LLC, Fasal, Ag Leader Technology, Proagrica, AgSense LLC, Ageye Technologies, CropX, Deere and Company.
Market Taxonomy
By Mechanism
•        Hydroponics
•        Aquaponics
•        Aeroponics
By Structure
•        Shipping Container
•        Building-Based
By Crop
•        Vegetables
•        Fruits
•        Herbs
•        Flowers
By Region
•        North America (USA, Canada, Mexico)
•        Europe (Germany, France, UK, Rest of Europe)
•        Asia Pacific (China, India, Japan, Rest of Asia Pacific)
•        Latin America (Brazil, Rest of Latin America)
•        Middle East & Africa (Saudi Arabia, UAE, Egypt, Kuwait, South Africa)

Global Vertical Farming Market
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Vertical Farming Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact due to recent Energy Crisis
4.2.5 Cumulative Impact due to nearing Economic Downturn
4.2.6 Post Covid-19 World Supply and Demand Conditions
4.2.7 Cumulative Impact of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Vertical Farming Market, By Mechanism
5.1 Y-o-Y Growth Comparison, By Mechanism
5.2 Global Vertical Farming Market Share Analysis, By Mechanism
5.3 Global Vertical Farming Market Size and Forecast, By Mechanism
5.3.1 Hydroponics
5.3.2 Aquaponics
5.3.3 Aeroponics
6 Global Vertical Farming Market, By Structure
6.1 Y-o-Y Growth Comparison, By Structure
6.2 Global Vertical Farming Market Share Analysis, By Structure
6.3 Global Vertical Farming Market Size and Forecast, By Structure
6.3.1 Shipping Container
6.3.2 Building-Based
7 Global Vertical Farming Market, By Crop
7.1 Y-o-Y Growth Comparison, By Crop
7.2 Global Vertical Farming Market Share Analysis, By Crop
7.3 Global Vertical Farming Market Size and Forecast, By Crop
7.3.1 Vegetables
7.3.2 Fruits
7.3.3 Herbs
7.3.4 Flowers
8 Global Vertical Farming Market, By Region
8.1 Global Vertical Farming Market Share Analysis, By Region
8.2 Global Vertical Farming Market Size and Forecast, By Region
9 North America Vertical Farming Market Analysis and Forecast (2023-2030)
9.1 Introduction
9.2 North America Vertical Farming Market Share Analysis, By Mechanism
9.3 North America Vertical Farming Market Size and Forecast, By Structure
9.4 North America Vertical Farming Market Size and Forecast, By Crop
9.5 North America Vertical Farming Market Size and Forecast, By Country
9.5.1 U.S.
9.5.2 Canada
9.5.3 Mexico
10 Europe Vertical Farming Market Analysis and Forecast (2023-2030)
10.1 Introduction
10.2 Europe Vertical Farming Market Share Analysis, By Mechanism
10.3 Europe Vertical Farming Market Size and Forecast, By Structure
10.4 Europe Vertical Farming Market Size and Forecast, By Crop
10.5 Europe Vertical Farming Market Size and Forecast, By Country
10.5.1 Germany
10.5.2 France
10.5.3 UK
10.5.4 Rest of Europe
11 Asia Pacific Vertical Farming Market Analysis and Forecast (2023-2030)
11.1 Introduction
11.2 Asia Pacific Vertical Farming Market Share Analysis, By Mechanism
11.3 Asia Pacific Vertical Farming Market Size and Forecast, By Structure
11.4 Asia Pacific Vertical Farming Market Size and Forecast, By Crop
11.5 Asia Pacific Vertical Farming Market Size and Forecast, By Country
11.5.1 China
11.5.2 Japan
11.5.3 India
11.5.4 Rest of Asia
12 Latin America Vertical Farming Market Analysis and Forecast (2023-2030)
12.1 Introduction
12.2 Latin America Vertical Farming Market Share Analysis, By Mechanism
12.3 Latin America Vertical Farming Market Size and Forecast, By Structure
12.4 Latin America Vertical Farming Market Size and Forecast, By Crop
12.5 Latin America Vertical Farming Market Size and Forecast, By Country
12.5.1 Brazil
12.5.2 Rest of Latin America
13 Middle East Vertical Farming Market Analysis and Forecast (2023-2030)
13.1 Introduction
13.2 Middle East Vertical Farming Market Share Analysis, By Mechanism
13.3 Middle East Vertical Farming Market Size and Forecast, By Structure
13.4 Middle East Vertical Farming Market Size and Forecast, By Crop
13.5 Middle East Vertical Farming Market Size and Forecast, By Country
13.5.1 Saudi Arabia
13.5.2 UAE
13.5.3 Egypt
13.5.4 Kuwait
13.5.5 South Africa
14 Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15 Company Profiles
15.1 AgSmarts Inc
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2 Brightfarms Inc
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3 GrowUp Urban Farms Ltd
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 AGCO Corporation
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 Gro Intelligence
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 Agrilution GmbH
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 CropMetrics LLC
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 Green Sense Farms LLC
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9 Fasal
15.9.1 Overview
15.9.2 Offerings
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies
15.10 Ag Leader Technology 
15.10.1 Overview
15.10.2 Offerings
15.10.3 Key Financials
15.10.4 Business Segment & Geographic Overview
15.10.5 Key Market Developments
15.10.6 Key Strategies
15.11 Proagrica
15.11.1 Overview
15.11.2 Offerings
15.11.3 Key Financials
15.11.4 Business Segment & Geographic Overview
15.11.5 Key Market Developments
15.11.6 Key Strategies
15.12 AgSense LLC
15.12.1 Overview
15.12.2 Offerings
15.12.3 Key Financials
15.12.4 Business Segment & Geographic Overview
15.12.5 Key Market Developments
15.12.6 Key Strategies
15.13 Ageye Technologies
15.13.1 Overview
15.13.2 Offerings
15.13.3 Key Financials
15.13.4 Business Segment & Geographic Overview
15.13.5 Key Market Developments
15.13.6 Key Strategies
15.14 CropX
15.14.1 Overview
15.14.2 Offerings
15.14.3 Key Financials
15.14.4 Business Segment & Geographic Overview
15.14.5 Key Market Developments
15.14.6 Key Strategies
15.15 Deere and Company
15.15.1 Overview
15.15.2 Offerings
15.15.3 Key Financials
15.15.4 Business Segment & Geographic Overview
15.15.5 Key Market Developments
15.15.6 Key Strategies