Vertical Farming Crops Market to Grow at a CAGR of 20.0% to reach US$ 1,021.33 million from 2020 to 2028

    Vertical Farming Crops Market Forecast to 2027 - COVID-19 Impact and Global Analysis By Crop Type (Tomato, Leafy Greens, Herbs, and Others), End Use (Food Retail and Food Service), and Farming Technique (Hydroponics, Aeroponics, and Aquaponics)

    Publication Month: Mar 2021 | Report Code: TIPRE00018004 | No. of Pages: 159 | Category: Food and Beverages | Status: Published

    The vertical farming crops market was valued at US$ 239.90 million in 2019 and is projected to reach US$ 1,021.33 million by 2027; it is expected to grow at a CAGR of 20.0% from 2019 to 2027.


    Vertical farming is mainly the production of plants grown in vertical layers, stacked horizontal, or other three-dimensional configurations. Most of the commercial vertical farms produce crops indoors, including inside buildings, relying on light-emitting diodes (LEDs) as the sole light source. While some other vertical farms exist inside greenhouses, the variability in light intensity caused due to shading from crops and the structures above makes producing a uniform crop difficult. An increase in demand for new, locally grown, and pesticide-free produce and limited availability of arable land for traditional agriculture have boosted the demand for vertical farming crops across the world.

    The vertical farming crops market in Asia Pacific is expected to grow at the highest CAGR during the forecast period. The growth of the market in this region is mainly attributed to the rising demand for more food products due to increasing population in the countries such as India and China. These emerging countries are witnessing a surge in the middle-class population and a growth in urbanization, which offers ample opportunities for the key market players in the vertical farming crops market. The vertical farming crops industry in the countries of Asia Pacific has experienced a huge shift over the years. Countries such as India, China, Indonesia, the Philippines, Vietnam, and Thailand have a significantly growing agriculture sector. Therefore, the consumer base for vertical farming crops producing companies is growing considerably in the region.

    Effect of COVID-19 on Vertical Farming Crops Market

    As of March 2021, the US, Brazil, India, Russia, Spain, and the UK are among the worst-affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Agriculture is one the world’s major industries suffering serious disruptions such as supply chain breaks, shutdowns of companies because of this outbreak. Asian countries are the global hub of agriculture, and they are among the largest raw material suppliers for various industries. The shutdown of various plants and factories in these countries are affecting the global supply chains and negatively impacting the manufacturing, delivery schedules, and sales of various goods. Various companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition, the global travel bans imposed by countries in Europe, Asia, and North America are suppressing the business collaboration and partnership opportunities. Thus, these factors have been restraining the growth of the agriculture industry, and othermarkets related to this industry.

    Vertical Farming Crops Market

    Vertical Farming Crops Market

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    Market Insights


    Limited Availability of Arable Land for Conventional Agriculture Fuels Vertical farming crops Market Growth

    The growth of the global population, combined with a looming water crisis, is moving the Earth toward a global food crisis. Feeding the anticipated population of 2050 (9.7 billion) needs an additional 109 million arable hectares, a landmass larger than Brazil. Given that 80% of arable land is already in use, absent significant changes to traditional agriculture practices, the world faces a significant food shortage. Water scarcity, which is likely to be made worse by climate change, is another threat to the global food system. According to the United Nations, by 2025, two-thirds of the world's population would live in water-stressed regions due to use, growth, and climate change. Presently, 70% of the world's freshwater is used for traditional agriculture, so a water crisis would certainly emphasize the food crisis. The impact of climate change would be variable and unpredictable, which would also add pressure on the food system. For example, higher CO2 levels may increase some plant yields but reduce their nutritional values. Warmer temperatures may lead to the growth of many new pests and weeds. Extreme temperatures may lead to droughts or excessive rainfall, both of which can prevent crops from growing.

    Vertical farming can be a part of the solution as it uses less water and allows farmers to control the climate needed for the crops. For instance, a group of researchers from Columbia University, who commercialized the idea of vertical farming in the US, has projected that a 30-story building covering one city block could have the efficiency of a 2,400-acre traditional farm because of the year-round growing season and the ability to use vertical space to pile vegetables. Because a controlled environment reduces evaporation and allows easier water recapture, vertical farming is projected to use 70–95% less water than traditional agriculture. For this reason, areas with limited water supplies are primary adopters of vertical farming. The UAE is building the world's largest indoor farm. The country's dry climate, low soil quality, and occasional locust plagues make indoor farming a more economically feasible alternative. Vertical farms use no soil, little water (compared to traditional agricultural practices), and a combination of natural and artificial lighting. Also, the manufacturers' strategic activities would further drive the adoption of vertical farming during the forecast period. For instance, companies such as Signify and Valoya are developing better lighting solutions, which would result in decrease in costs of running a vertical farm.

    Crop Type Insights

    Based on crop type, the vertical farming crops market has been segmented into tomato, leafy greens, herbs, and others. The leafy greens segment accounted for the largest market share in 2019, and the herbs segment is expected to register the highest CAGR in the market during the forecast period. Leafy greens are a suitable choice for indoor farming because they can be grown rapidly and in relatively small spaces. Also, the growing concerns toward food security and nutrition are expected to drive the demand for leafy greens during the forecast period. As consumer trend is developing toward “fresh-from-farm-to-table”, the demand for freshly harvested green vegetables is expected to increase across retail outlets. Compared to traditional outdoor farming, vertical farms have lower land use requirement and less CO2 emissions from transportation. They are up to 90% more water efficient. The increasing investment in research of indoor cultivation of leafy greens is offering lucrative opportunities for the market growth.

    Vertical Farming Crops Market, by Crop Type – 2019 and 2027

    Vertical Farming Crops Market, by Crop Type – 2019 and 2027

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    End-Use Insights

    Based on end use, the vertical farming crops market has been segmented into food service and food retail. The food retail segment accounted for a larger market share in 2019, and the food service segment is expected to register a higher CAGR in the market during the forecast period. High-end retail grocery stores serve customers that are willing to pay a premium for high-quality, hard-to-find produce. Indoor farms are an excellent source of these goods because they can be cultivated year-round at a more organized scale than in open fields. One interesting recent development in vertical farm business strategy has been pioneered by Bright Farms, which began by securing long-term supply deals with retailers. This enabled the company to secure funding for the construction of the facilities, which would not have been possible without the assurance of a long-term revenue stream. Similarly, Infarm has partnered with more than 30 major food retailers across0 the world. For instance, in November 2018, Infarm collaborated with Metro. Infarm's "in-store farming" platform will be launched in Metro's flagship store in the French capital. The increasing partnerships of crop manufacturers with the retail grocery stores are fueling the segment's growth.

    Farming Technique Insights

    Based on crop-technique, the vertical farming crops market has been segmented into hydroponics, aeroponics, and aquaponics. The hydroponics segment accounted for the largest market share in 2019, and the aeroponics segment is expected to register the highest CAGR in the market during the forecast period. Hydroponics is the predominant growing system used in vertical farms. In this system, plants are grown in nutrient solutions, free of soil. The plant roots are submerged in the nutrient solution contained in a grow tray. In recent years, urban farming using vertical hydroponic systems has gained a lot of attention. Using the latest technology, these hydroponic farms can optimize plant growth, providing fresh, local produce while minimizing water usage, space, transport, and pesticides.

    Strategic Insights

    The players operating in the vertical farming crops market include AeroFarms, Agricool, and Bowery Farming Inc. The key companies implement the mergers and acquisitions, and research and development strategies to expand customer base and gain significant share in the global market, which also allows them to maintain their brand name globally. For instance, inn April 2020, AeroFarms built world’s largest R&D Indoor Vertical Farm in Abu Dhabi as part of USD $100 million AgTech investment by Abu Dhabi Investment Office. The farm will be dedicated to state-of-the-art R&D and commercialization of relevant local crops utilizing AeroFarms’ expertise and proprietary indoor vertical farming technology that uses up to 95% less water and zero pesticides compared to traditional field farming.

    Report Spotlights

    • Progressive industry trends in the vertical farming crops market to help players develop effective long-term strategies
    • Business growth strategies adopted by developed and developing markets
    • Quantitative analysis of the vertical farming crops market from 2017 to 2027
    • Estimation of global demand for vertical farming crops
    • PEST analysis to illustrate the efficacy of buyers and suppliers operating in the industry
    • Recent developments to understand the competitive market scenario
    • Market trends and outlook as well as factors driving and restraining the growth of the vertical farming crops market
    • Assistance in decision-making process by highlighting market strategies that underpin commercial interest, leading to the market growth
    • The size of the vertical farming crops market size at various nodes
    • Detailed overview and segmentation of the market, as well as the vertical farming crops industry dynamics
    • Size of the vertical farming crops market in various regions with promising growth opportunities

    Vertical Farming Crops Market – by Crop Type

    • Tomato
    • Leafy Greens
    • Herbs
    • Others


    Vertical Farming Crops Market – by End Use

    • Food Service
    • Food Retail


    Vertical Farming Crops Market – by Farming Technique

    • Hydroponics
    • Aeroponics
    • Aquaponics


    Company Profiles

    • AeroFarms
    • Agricool
    • Bowery Farming Inc.
    • CropOne
    • Infarm
    • Plantlab
    • Plenty Unlimited Inc.
    • Gotham Greens
    • MIRAI Co., Ltd.
    • BrightFarms

    1. Introduction. 23

    1.1 Study Scope. 23

    1.2 The Insight Partners Research Report Guidance. 23

    1.3 Market Segmentation. 24

    2. Key Takeaways. 26

    3. Research Methodology. 30

    3.1 Scope of the Study. 30

    3.2 Research Methodology. 30

    3.2.1 Data Collection: 31

    3.2.2 Primary Interviews: 31

    3.2.3 Hypothesis formulation: 32

    3.2.4 Macro-economic factor analysis: 32

    3.2.5 Developing base number: 32

    3.2.6 Data Triangulation: 32

    3.2.7 Country level data: 33

    3.2.8 Assumptions & Limitations. 33

    4. Vertical Farming Crops Market Landscape. 34

    4.1 Market Overview.. 34

    4.2 PEST Analysis. 35

    4.2.1 North America. 35

    4.2.2 Europe. 35

    4.2.3 APAC. 36

    4.2.4 MEA.. 36

    4.2.5 SCAM... 37

    4.3 Expert Opinion. 37

    5. Vertical Farming Market – Key Market Dynamics. 38

    5.1 Market Drivers. 38

    5.1.1 Rise in Demand for Fresh, Pesticide-Free, and Locally Grown Produce. 38

    5.1.2 Limited Availability of Arable Land for Conventional Agriculture. 38

    5.2 Market Restraints. 39

    5.2.1 High Initial Investment. 39

    5.3 Market Opportunities. 39

    5.3.1 Increasing Demand for Vertical Farming in Highly Populated Urban Regions. 39

    5.4 Future Trends. 40

    5.4.1 AI-Controlled Vertical Farms. 40

    5.5 Impact Analysis of Drivers and Restraints. 41

    6. Vertical Farming Crops – Global Market Analysis. 42

    6.1 Vertical Farming Crops Market Overview.. 42

    6.2 Vertical Farming Crops Market –Revenue and Forecast to 2027 (US$ Million). 43

    6.3 Market Positioning – Key Market Players. 44

    7. Vertical Farming Market Analysis – By Crop Type. 45

    7.1 Overview.. 45

    7.2 Vertical Farming Market, By Crop Type (2019 and 2027). 45

    7.3 Tomato. 45

    7.3.1 Overview.. 45

    7.3.2 Tomato: Vertical Farming Crops Market – Revenue, and Forecast to 2027 (US$ Million). 46

    7.4 Leafy Greens. 47

    7.4.1 Overview.. 47

    7.4.2 Leafy Greens: Vertical Farming Crops Market – Revenue, and Forecast to 2027 (US$ Million) 47

    7.5 Herbs. 48

    7.5.1 Overview.. 48

    7.5.2 Herbs: Vertical Farming Crops Market – Revenue, and Forecast to 2027 (US$ Million). 48

    7.6 Others. 49

    7.6.1 Overview.. 49

    7.6.2 Others: Vertical Farming Crops Market – Revenue, and Forecast to 2027 (US$ Million). 49

    8. Vertical Farming Market Analysis – By End-Use. 50

    8.1 Overview.. 50

    8.2 Vertical Farming Crops Market, By End-Use (2019 and 2027). 50

    8.3 Food Retail 51

    8.3.1 Overview.. 51

    8.3.2 Food Retail: Vertical Farming Crops Market – Revenue, and Forecast to 2027 (US$ Million) 51

    8.4 Food Service. 52

    8.4.1 Overview.. 52

    8.4.2 Food Service: Vertical Farming Crops Market – Revenue, and Forecast to 2027 (US$ Million) 52

    9. Vertical Farming Market Analysis – By Farming Technique. 53

    9.1 Overview.. 53

    9.2 Vertical Farming Crops Market, By Farming Technique (2019 and 2027). 53

    9.3 Hydroponics. 54

    9.3.1 Overview.. 54

    9.3.2 Hydroponics: Vertical Farming Crops Market – Revenue, and Forecast to 2027 (US$ Million) 54

    9.4 Aeroponics. 56

    9.4.1 Overview.. 56

    9.4.2 Aeroponics: Vertical Farming Crops Market – Revenue, and Forecast to 2027 (US$ Million) 56

    9.5 Aquaponics. 57

    9.5.1 Overview.. 57

    9.5.2 Aquaponics: Vertical Farming Crops Market – Revenue, and Forecast to 2027 (US$ Million) 57

    10. Vertical Farming Crops Market – Geographic Analysis. 58

    10.1 Overview.. 58

    10.3 North America: Vertical Farming Crops Market. 59

    10.3.1 North America: Vertical Farming Crops Market –Revenue and Forecast to 2027(US$ Million) 59

    10.3.2 North America: Vertical Farming Crops Market, by Crop Type. 60

    10.3.3 North America: Vertical Farming Crops Market, by End-Use. 60

    10.3.4 North America: Vertical Farming Crops Market, by Farming Technique. 61

    10.3.5 North America: Vertical Farming Crops Market, by Key Country. 62

    10.3.6 North America Vertical Farming Crops Market, by Country – Revenue and Forecast to 2027 (USD Million). 62

    10.3.6.1 US: Vertical Farming Crops Market –Revenue and Forecast to 2027 (US$ Million) 63

    10.3.6.1.1 US: Vertical Farming Crops Market, by Crop Type. 64

    10.3.6.1.2 US: Vertical Farming Crops Market, by End-Use. 64

    10.3.6.1.3 US: Vertical Farming Crops Market, by Farming Technique. 64

    10.3.6.2 Canada: Vertical Farming Crops Market –Revenue and Forecast to 2027 (US$ Million). 65

    10.3.6.2.1 Canada: Vertical Farming Crops Market, by Crop Type. 66

    10.3.6.2.2 Canada: Vertical Farming Crops Market, by End-Use. 66

    10.3.6.2.3 Canada: Vertical Farming Crops Market, by Farming Technique. 66

    10.3.6.3 Mexico: Vertical Farming Crops Market –Revenue and Forecast to 2027 (US$ Million). 67

    10.3.6.3.1 Mexico: Vertical Farming Crops Market, by Crop Type. 68

    10.3.6.3.2 Mexico: Vertical Farming Crops Market, by End-Use. 68

    10.3.6.3.3 Mexico: Vertical Farming Crops Market, by Farming Technique. 68

    10.4 Europe: Vertical Farming Crops Market. 70

    10.4.1 Europe: Vertical Farming Crops Market –Revenue and Forecast to 2027(US$ Million). 70

    10.4.2 Europe: Vertical Farming Crops Market, by Crop Type. 71

    10.4.3 Europe: Vertical Farming Crops Market, by End-Use. 71

    10.4.4 Europe: Vertical Farming Crops Market, by Farming Technique. 72

    10.4.5 Europe: Vertical Farming Crops Market, by Key Country. 73

    10.4.6 Europe Vertical Farming Crops Market, by Country – Revenue and Forecast to 2027 (USD Million). 74

    10.4.6.1 Germany: Vertical Farming Crops Market –Revenue and Forecast to 2027 (US$ Million). 74

    10.4.6.1.1 Germany: Vertical Farming Crops Market, by Crop Type. 75

    10.4.6.1.2 Germany: Vertical Farming Crops Market, by End-Use. 75

    10.4.6.1.3 Germany: Vertical Farming Crops Market, by Farming Technique. 76

    10.4.6.2 France: Vertical Farming Crops Market –Revenue and Forecast to 2027 (US$ Million). 76

    10.4.6.2.1 France: Vertical Farming Crops Market, by Crop Type. 77

    10.4.6.2.2 France: Vertical Farming Crops Market, by End-Use. 77

    10.4.6.2.3 France: Vertical Farming Crops Market, by Farming Technique. 78

    10.4.6.3 Italy: Vertical Farming Crops Market –Revenue and Forecast to 2027 (US$ Million) 78

    10.4.6.3.1 Italy: Vertical Farming Crops Market, by Crop Type. 79

    10.4.6.3.2 Italy: Vertical Farming Crops Market, by End-Use. 79

    10.4.6.3.3 Italy: Vertical Farming Crops Market, by Farming Technique. 80

    10.4.6.4 United Kingdom: Vertical Farming Crops Market –Revenue and Forecast to 2027 (US$ Million). 80

    10.4.6.4.1 United Kingdom: Vertical Farming Crops Market, by Crop Type. 81

    10.4.6.4.2 United Kingdom: Vertical Farming Crops Market, by End-Use. 81

    10.4.6.4.3 United Kingdom: Vertical Farming Crops Market, by Farming Technique. 82

    10.4.6.5 Russia: Vertical Farming Crops Market –Revenue and Forecast to 2027 (US$ Million). 82

    10.4.6.5.1 Russia: Vertical Farming Crops Market, by Crop Type. 83

    10.4.6.5.2 Russia: Vertical Farming Crops Market, by End-Use. 83

    10.4.6.5.3 Russia: Vertical Farming Crops Market, by Farming Technique. 84

    10.4.6.6 Rest of Europe: Vertical Farming Crops Market –Revenue and Forecast to 2027 (US$ Million). 84

    10.4.6.6.1 Rest of Europe: Vertical Farming Crops Market, by Crop Type. 84

    10.4.6.6.2 Rest of Europe: Vertical Farming Crops Market, by End-Use. 85

    10.4.6.6.3 Rest of Europe: Vertical Farming Crops Market, by Farming Techniques 85

    10.5 Asia Pacific: Vertical Farming Crops Market. 86

    10.5.1 Asia Pacific: Vertical Farming Crops Market –Revenue and Forecast to 2027(US$ Million) 86

    10.5.2 Asia Pacific: Vertical Farming Crops Market, by Crop Type. 87

    10.5.3 Asia Pacific: Vertical Farming Crops Market, by End-Use. 87

    10.5.4 Asia Pacific: Vertical Farming Crops Market, by Farming Technique. 88

    10.5.5 Asia Pacific: Vertical Farming Crops Market, by Key Country. 89

    10.5.6 Asia Pacific Vertical Farming Crops Market, by Country – Revenue and Forecast to 2027 (USD Million). 90

    10.5.6.1 Australia: Vertical Farming Crops Market –Revenue and Forecast to 2027 (US$ Million). 90

    10.5.6.1.1 Australia: Vertical Farming Crops Market, by Crop Type. 91

    10.5.6.1.2 Australia: Vertical Farming Crops Market, by End-Use. 91

    10.5.6.1.3 Australia: Vertical Farming Crops Market, by Farming Technique. 92

    10.5.6.2 China: Vertical Farming Crops Market –Revenue and Forecast to 2027 (US$ Million) 92

    10.5.6.2.1 China: Vertical Farming Crops Market, by Crop Type. 93

    10.5.6.2.2 China: Vertical Farming Crops Market, by End-Use. 93

    10.5.6.2.3 China: Vertical Farming Crops Market, by Farming Technique. 94

    10.5.6.3 India: Vertical Farming Crops Market –Revenue and Forecast to 2027 (US$ Million) 94

    10.5.6.3.1 India: Vertical Farming Crops Market, by Crop Type. 95

    10.5.6.3.2 India: Vertical Farming Crops Market, by End-Use. 95

    10.5.6.3.3 India: Vertical Farming Crops Market, by Farming Technique. 96

    10.5.6.4 Japan: Vertical Farming Crops Market –Revenue and Forecast to 2027 (US$ Million) 96

    10.5.6.4.1 Japan: Vertical Farming Crops Market, by Crop Type. 97

    10.5.6.4.2 Japan: Vertical Farming Crops Market, by End-Use. 97

    10.5.6.4.3 Japan: Vertical Farming Crops Market, by Farming Technique. 98

    10.5.6.5 South Korea: Vertical Farming Crops Market –Revenue and Forecast to 2027 (US$ Million). 98

    10.5.6.5.1 South Korea: Vertical Farming Crops Market, by Crop Type. 99

    10.5.6.5.2 South Korea: Vertical Farming Crops Market, by End-Use. 99

    10.5.6.5.3 South Korea: Vertical Farming Crops Market, by Farming Technique 100

    10.5.6.6 Rest of Asia Pacific: Vertical Farming Crops Market –Revenue and Forecast to 2027 (US$ Million). 100

    10.5.6.6.1 Rest of Asia Pacific: Vertical Farming Crops Market, by Crop Type. 101

    10.5.6.6.2 Rest of Asia Pacific: Vertical Farming Crops Market, by End-Use. 101

    10.5.6.6.3 Rest of Asia Pacific: Vertical Farming Crops Market, by Farming Technique. 102

    10.6 Middle East and Africa: Vertical Farming Crops Market. 103

    10.6.1 Middle East and Africa: Vertical Farming Crops Market –Revenue and Forecast to 2027(US$ Million). 103

    10.6.2 Middle East and Africa: Vertical Farming Crops Market, by Crop Type. 104

    10.6.3 Middle East and Africa: Vertical Farming Crops Market, by End-Use. 104

    10.6.4 Middle East and Africa: Vertical Farming Crops Market, by Farming Technique. 105

    10.6.5 Middle East and Africa: Vertical Farming Crops Market, by Key Country. 106

    10.6.6 Middle East & Africa Vertical Farming Crops Market, by Country – Revenue and Forecast to 2027 (USD Million). 107

    10.6.6.1 South Africa: Vertical Farming Crops Market –Revenue and Forecast to 2027 (US$ Million). 107

    10.6.6.1.1 South Africa: Vertical Farming Crops Market, by Crop Type. 108

    10.6.6.1.2 South Africa: Vertical Farming Crops Market, by End-Use. 108

    10.6.6.1.3 South Africa: Vertical Farming Crops Market, by Farming Techniques 109

    10.6.6.2 Saudi Arabia: Vertical Farming Crops Market –Revenue and Forecast to 2027 (US$ Million). 109

    10.6.6.2.1 Saudi Arabia: Vertical Farming Crops Market, by Crop Type. 110

    10.6.6.2.2 Saudi Arabia: Vertical Farming Crops Market, by End-Use. 111

    10.6.6.2.3 Saudi Arabia: Vertical Farming Crops Market, by Farming Technique 111

    10.6.6.3 UAE: Vertical Farming Crops Market –Revenue and Forecast to 2027 (US$ Million) 111

    10.6.6.3.1 UAE: Vertical Farming Crops Market, by Crop Type. 112

    10.6.6.3.2 UAE: Vertical Farming Crops Market, by End-Use. 113

    10.6.6.3.3 UAE: Vertical Farming Crops Market, by Farming Techniques. 113

    10.6.6.4 Rest of Middle East & Africa: Vertical Farming Crops Market –Revenue and Forecast to 2027 (US$ Million). 113

    10.6.6.4.1 Rest of Middle East & Africa: Vertical Farming Crops Market, by Crop Type. 114

    10.6.6.4.2 Rest of Middle East & Africa: Vertical Farming Crops Market, by End-Use. 114

    10.6.6.4.3 Rest of Middle East & Africa: Vertical Farming Crops Market, by Farming Technique. 115

    10.7 South and Central America: Vertical Farming Crops Market. 116

    10.7.1 South and Central America: Vertical Farming Crops Market –Revenue and Forecast to 2027(US$ Million). 116

    10.7.2 South and Central America: Vertical Farming Crops Market, by Crop Type. 117

    10.7.3 South and Central America: Vertical Farming Crops Market, by End-Use. 117

    10.7.4 South and Central America: Vertical Farming Crops Market, by Farming Technique. 118

    10.7.5 South and Central America: Vertical Farming Crops Market, by Key Country. 119

    10.7.6 South & Central America Vertical Farming Crops Market, by Country – Revenue and Forecast to 2027 (USD Million). 120

    10.7.6.1 Brazil: Vertical Farming Crops Market –Revenue and Forecast to 2027 (US$ Million) 120

    10.7.6.1.1 Brazil: Vertical Farming Crops Market, by Crop Type. 121

    10.7.6.1.2 Brazil: Vertical Farming Crops Market, by End-Use. 121

    10.7.6.1.3 Brazil: Vertical Farming Crops Market, by Farming Technique. 122

    10.7.6.2 Argentina: Vertical Farming Crops Market –Revenue and Forecast to 2027 (US$ Million). 122

    10.7.6.2.1 Argentina: Vertical Farming Crops Market, by Crop Type. 123

    10.7.6.2.2 Argentina: Vertical Farming Crops Market, by End-Use. 123

    10.7.6.2.3 Argentina: Vertical Farming Crops Market, by Farming Technique. 124

    10.7.6.3 Rest of South and Central America: Vertical Farming Crops Market –Revenue and Forecast to 2027 (US$ Million). 124

    10.7.6.3.1 Rest of South and Central America: Vertical Farming Crops Market, by Crop Type. 125

    10.7.6.3.2 Rest of South and Central America: Vertical Farming Crops Market, by End-Use. 125

    10.7.6.3.3 Rest of South and Central America: Vertical Farming Crops Market, by Farming Technique. 126

    11. Impact of COVID-19 Pandemic on Global Vertical Farming Crops Market 127

    11.1 Overview.. 127

    11.2 North America: Impact Assessment of COVID-19 Pandemic. 127

    11.3 Europe: Impact Assessment of COVID-19 Pandemic. 129

    11.4 Asia-Pacific: Impact Assessment of COVID-19 Pandemic. 130

    11.5 Middle East and Africa: Impact Assessment of COVID-19 Pandemic. 131

    11.6 South America: Impact Assessment of COVID-19 Pandemic. 132

    12. Industry Landscape. 133

    12.1 Overview.. 133

    12.2 Strategy & Business Planning. 133

    12.3 Merger and Acquisition. 133

    13. Key Company Profiles. 134

    13.1 AeroFarms. 134

    13.1.1 Key Facts. 134

    13.1.2 Business Description. 134

    13.1.3 Products and Services. 134

    13.1.4 Financial Overview.. 134

    13.1.5 SWOT Analysis. 135

    13.1.6 Key Developments. 135

    13.2 Agricool 136

    13.2.1 Key Facts. 136

    13.2.2 Business Description. 136

    13.2.3 Products and Services. 136

    13.2.4 Financial Overview.. 136

    13.2.5 SWOT Analysis. 137

    13.2.6 Key Developments. 137

    13.3 BOWERY FARMING INC. 138

    13.3.1 Key Facts. 138

    13.3.2 Business Description. 138

    13.3.3 Products and Services. 138

    13.3.4 Financial Overview.. 139

    13.3.5 SWOT Analysis. 139

    13.3.6 Key Developments. 139

    13.4 CropOne. 141

    13.4.1 Key Facts. 141

    13.4.2 Business Description. 141

    13.4.3 Products and Services. 141

    13.4.4 Financial Overview.. 142

    13.4.5 SWOT Analysis. 142

    13.4.6 Key Developments. 142

    13.5 Infarm.. 143

    13.5.1 Key Facts. 143

    13.5.2 Business Description. 143

    13.5.3 Products and Services. 143

    13.5.4 Financial Overview.. 144

    13.5.5 SWOT Analysis. 144

    13.5.6 Key Developments. 145

    13.6 Plantlab. 146

    13.6.1 Key Facts. 146

    13.6.2 Business Description. 146

    13.6.3 Products and Services. 146

    13.6.4 Financial Overview.. 146

    13.6.5 SWOT Analysis. 147

    13.6.6 Key Developments. 147

    13.7 Plenty Unlimited Inc. 148

    13.7.1 Key Facts. 148

    13.7.2 Business Description. 148

    13.7.3 Products and Services. 148

    13.7.4 Financial Overview.. 148

    13.7.5 SWOT Analysis. 149

    13.7.6 Key Developments. 149

    13.8 Gotham Greens. 150

    13.8.1 Key Facts. 150

    13.8.2 Business Description. 150

    13.8.3 Products and Services. 150

    13.8.4 Financial Overview.. 150

    13.8.5 SWOT Analysis. 151

    13.8.6 Key Developments. 151

    13.9 MIRAI Co., Ltd. 152

    13.9.1 Key Facts. 152

    13.9.2 Business Description. 152

    13.9.3 Products and Services. 152

    13.9.4 Financial Overview.. 152

    13.9.5 SWOT Analysis. 153

    13.9.6 Key Developments. 153

    13.10 BrightFarms. 154

    13.10.1 Key Facts. 154

    13.10.2 Business Description. 154

    13.10.3 Products and Services. 154

    13.10.4 Financial Overview.. 155

    13.10.5 SWOT Analysis. 155

    13.10.6 Key Developments. 155

    14. Appendix. 156

    14.1 About The Insight Partners. 156

    14.2 Glossary of Terms. 156


    LIST OF TABLES

    Table 1. Vertical Farming Crops Market –Revenue and Forecast to 2027 (US$ Million). 43

    Table 2. North America Vertical Farming Crops Market, by Crop Type– Revenue and Forecast to 2027 (USD Million). 60

    Table 3. North America Vertical Farming Crops Market, by End-Use– Revenue and Forecast to 2027 (USD Million). 61

    Table 4. North America Vertical Farming Crops Market, by Farming Technique – Revenue and Forecast to 2027 (USD Million). 62

    Table 5. US Vertical Farming Crops Market, by Crop Type– Revenue and Forecast to 2027 (USD Million). 64

    Table 6. US Vertical Farming Crops Market, by End-Use – Revenue and Forecast to 2027 (USD Million). 64

    Table 7. US Vertical Farming Crops Market, by Farming Technique – Revenue and Forecast to 2027 (USD Million). 64

    Table 8. Canada Vertical Farming Crops Market, by Crop Type– Revenue and Forecast to 2027 (USD Million). 66

    Table 9. Canada Vertical Farming Crops Market, by End-Use – Revenue and Forecast to 2027 (USD Million). 66

    Table 10. Canada Vertical Farming Crops Market, by Farming Technique – Revenue and Forecast to 2027 (USD Million). 66

    Table 11. Mexico Vertical Farming Crops Market, by Crop Type– Revenue and Forecast to 2027 (USD Million). 68

    Table 12. Mexico Vertical Farming Crops Market, by End-Use – Revenue and Forecast to 2027 (USD Million). 68

    Table 13. Mexico Vertical Farming Crops Market, by Farming Technique – Revenue and Forecast to 2027 (USD Million). 68

    Table 14. Europe Vertical Farming Crops Market, by Crop Type– Revenue and Forecast to 2027 (USD Million). 71

    Table 15. Europe Vertical Farming Crops Market, by End-Use– Revenue and Forecast to 2027 (USD Million). 72

    Table 16. Europe Vertical Farming Crops Market, by Farming Technique– Revenue and Forecast to 2027 (USD Million). 73

    Table 17. Germany Vertical Farming Crops Market, by Crop Type– Revenue and Forecast to 2027 (USD Million). 75

    Table 18. Germany Vertical Farming Crops Market, by End-Use– Revenue and Forecast to 2027 (USD Million). 75

    Table 19. Germany Vertical Farming Crops Market, by Farming Technique – Revenue and Forecast to 2027 (USD Million). 76

    Table 20. France Vertical Farming Crops Market, by Crop Type– Revenue and Forecast to 2027 (USD Million). 77

    Table 21. France Vertical Farming Crops Market, by End-Use – Revenue and Forecast to 2027 (USD Million). 77

    Table 22. France Vertical Farming Crops Market, by Farming Technique – Revenue and Forecast to 2027 (USD Million). 78

    Table 23. Italy Vertical Farming Crops Market, by Crop Type– Revenue and Forecast to 2027 (USD Million). 79

    Table 24. Italy Vertical Farming Crops Market, by End-Use – Revenue and Forecast to 2027 (USD Million). 79

    Table 25. Italy Vertical Farming Crops Market, by Farming Technique – Revenue and Forecast to 2027 (USD Million). 80

    Table 26. United Kingdom Vertical Farming Crops Market, by Crop Type– Revenue and Forecast to 2027 (USD Million). 81

    Table 27. United Kingdom Vertical Farming Crops Market, by End-Use – Revenue and Forecast to 2027 (USD Million). 81

    Table 28. United Kingdom Vertical Farming Crops Market, by Farming Technique – Revenue and Forecast to 2027 (USD Million). 82

    Table 29. Russia Vertical Farming Crops Market, by Crop Type– Revenue and Forecast to 2027 (USD Million). 83

    Table 30. Russia Vertical Farming Crops Market, by End-Use – Revenue and Forecast to 2027 (USD Million). 83

    Table 31. Russia Vertical Farming Crops Market, by Farming Technique – Revenue and Forecast to 2027 (USD Million). 84

    Table 32. Rest of Europe Vertical Farming Crops Market, by Crop Type– Revenue and Forecast to 2027 (USD Million). 85

    Table 33. Rest of Europe Vertical Farming Crops Market, by End-Use – Revenue and Forecast to 2027 (USD Million). 85

    Table 34. Rest of Europe Vertical Farming Crops Market, by Farming Techniques – Revenue and Forecast to 2027 (USD Million). 85

    Table 35. Asia Pacific Vertical Farming Crops Market, by Crop Type– Revenue and Forecast to 2027 (USD Million). 87

    Table 36. Asia Pacific Vertical Farming Crops Market, by End-Use– Revenue and Forecast to 2027 (USD Million). 88

    Table 37. Asia Pacific Vertical Farming Crops Market, by Farming Technique– Revenue and Forecast to 2027 (USD Million). 89

    Table 38. Australia Vertical Farming Crops Market, by Crop Type– Revenue and Forecast to 2027 (USD Million). 91

    Table 39. Australia Vertical Farming Crops Market, by End-Use– Revenue and Forecast to 2027 (USD Million). 91

    Table 40. Australia Vertical Farming Crops Market, by Farming Technique – Revenue and Forecast to 2027 (USD Million). 92

    Table 41. China Vertical Farming Crops Market, by Crop Type– Revenue and Forecast to 2027 (USD Million). 93

    Table 42. China Vertical Farming Crops Market, by End-Use – Revenue and Forecast to 2027 (USD Million). 93

    Table 43. China Vertical Farming Crops Market, by Farming Technique – Revenue and Forecast to 2027 (USD Million). 94

    Table 44. India Vertical Farming Crops Market, by Crop Type– Revenue and Forecast to 2027 (USD Million). 95

    Table 45. India Vertical Farming Crops Market, by End-Use – Revenue and Forecast to 2027 (USD Million). 95

    Table 46. India Vertical Farming Crops Market, by Farming Technique – Revenue and Forecast to 2027 (USD Million). 96

    Table 47. Japan Vertical Farming Crops Market, by Crop Type– Revenue and Forecast to 2027 (USD Million). 97

    Table 48. Japan Vertical Farming Crops Market, by End-Use – Revenue and Forecast to 2027 (USD Million). 97

    Table 49. Japan Vertical Farming Crops Market, by Farming Technique – Revenue and Forecast to 2027 (USD Million). 98

    Table 50. South Korea Vertical Farming Crops Market, by Crop Type– Revenue and Forecast to 2027 (USD Million). 99

    Table 51. South Korea Vertical Farming Crops Market, by End-Use – Revenue and Forecast to 2027 (USD Million). 99

    Table 52. South Korea Vertical Farming Crops Market, by Farming Technique – Revenue and Forecast to 2027 (USD Million). 100

    Table 53. Rest of Asia Pacific Vertical Farming Crops Market, by Crop Type– Revenue and Forecast to 2027 (USD Million). 101

    Table 54. Rest of Asia Pacific Vertical Farming Crops Market, by End-Use – Revenue and Forecast to 2027 (USD Million). 101

    Table 55. Rest of Asia Pacific Vertical Farming Crops Market, by Farming Technique – Revenue and Forecast to 2027 (USD Million). 102

    Table 56. Middle East and Africa Vertical Farming Crops Market, by Form– Revenue and Forecast to 2027 (USD Million). 104

    Table 57. Middle East and Africa Vertical Farming Crops Market, by End-Use– Revenue and Forecast to 2027 (USD Million). 105

    Table 58. Middle East and Africa Vertical Farming Crops Market, by Farming Technique– Revenue and Forecast to 2027 (USD Million). 106

    Table 59. South Africa Vertical Farming Crops Market, by Crop Type– Revenue and Forecast to 2027 (USD Million). 108

    Table 60. South Africa Vertical Farming Crops Market, by End-Use– Revenue and Forecast to 2027 (USD Million). 108

    Table 61. South Africa Vertical Farming Crops Market, by Farming Techniques – Revenue and Forecast to 2027 (USD Million). 109

    Table 62. Saudi Arabia Vertical Farming Crops Market, by Crop Type– Revenue and Forecast to 2027 (USD Million). 110

    Table 63. Saudi Arabia Vertical Farming Crops Market, by End-Use – Revenue and Forecast to 2027 (USD Million). 111

    Table 64. Saudi Arabia Vertical Farming Crops Market, by Farming Technique – Revenue and Forecast to 2027 (USD Million). 111

    Table 65. UAE Vertical Farming Crops Market, by Crop Type– Revenue and Forecast to 2027 (USD Million). 112

    Table 66. UAE Vertical Farming Crops Market, by End-Use – Revenue and Forecast to 2027 (USD Million). 113

    Table 67. UAE Vertical Farming Crops Market, by Farming Techniques – Revenue and Forecast to 2027 (USD Million). 113

    Table 68. Rest of Middle East & Africa Vertical Farming Crops Market, by Crop Type– Revenue and Forecast to 2027 (USD Million). 114

    Table 69. Rest of Middle East & Africa Vertical Farming Crops Market, by End-Use – Revenue and Forecast to 2027 (USD Million). 114

    Table 70. Rest of Middle East & Africa Vertical Farming Crops Market, by Farming Technique – Revenue and Forecast to 2027 (USD Million). 115

    Table 71. South and Central America Vertical Farming Crops Market, by Crop Type– Revenue and Forecast to 2027 (USD Million). 117

    Table 72. South and Central America Vertical Farming Crops Market, by End-Use– Revenue and Forecast to 2027 (USD Million). 118

    Table 73. South and Central America Vertical Farming Crops Market, by End-Use– Revenue and Forecast to 2027 (USD Million). 119

    Table 74. Brazil Vertical Farming Crops Market, by Crop Type– Revenue and Forecast to 2027 (USD Million). 121

    Table 75. Brazil Vertical Farming Crops Market, by End-Use– Revenue and Forecast to 2027 (USD Million). 121

    Table 76. Brazil Vertical Farming Crops Market, by Farming Technique – Revenue and Forecast to 2027 (USD Million). 122

    Table 77. Argentina Vertical Farming Crops Market, by Crop Type– Revenue and Forecast to 2027 (USD Million). 123

    Table 78. Argentina Vertical Farming Crops Market, by End-Use – Revenue and Forecast to 2027 (USD Million). 123

    Table 79. Argentina Vertical Farming Crops Market, by Farming Technique – Revenue and Forecast to 2027 (USD Million). 124

    Table 80. Rest of South and Central America Vertical Farming Crops Market, by Crop Type– Revenue and Forecast to 2027 (USD Million). 125

    Table 81. Rest of South and Central America Vertical Farming Crops Market, by End-Use – Revenue and Forecast to 2027 (USD Million). 125

    Table 82. Rest of South and Central America Vertical Farming Crops Market, by Farming Technique – Revenue and Forecast to 2027 (USD Million). 126

    Table 83. Glossary of Terms, Vertical Farming Crops Market. 156

    LIST OF FIGURES

    Figure 1. Vertical Farming Crops Market Segmentation. 24

    Figure 2. Vertical Farming Crops Market Segmentation – By Geography. 25

    Figure 3. Global Vertical Farming Crops Market Overview.. 26

    Figure 4. Leafy Greens Segment Held Largest Share of Global Vertical Farming Crops Market. 27

    Figure 5. North America is Expected to Show Remarkable Traction During the Forecast Period. 28

    Figure 6. Global Vertical Farming Crops Market, Industry Landscape. 29

    Figure 7. North America PEST Analysis. 35

    Figure 8. Europe – PEST Analysis. 35

    Figure 9. APAC: PEST Analysis. 36

    Figure 10. MEA: PEST Analysis. 36

    Figure 11. SCAM: PEST Analysis. 37

    Figure 12. Expert Opinion. 37

    Figure 13. Global Canned Soups Market Impact Analysis of Drivers and Restraints. 41

    Figure 14. Geographic Overview of Vertical Farming Crops Market. 42

    Figure 15. Global Vertical Farming Crops Market – Revenue and Forecast to 2027 (US$ Million). 43

    Figure 16. Vertical Farming Crops Market Revenue Share, by Crop Type (2019 and 2027). 45

    Figure 17. Tomato: Vertical Farming Crops Market – Revenue, and Forecast to 2027 (US$ Million). 46

    Figure 18. Leafy Greens: Vertical Farming Crops Market – Revenue and Forecast to 2027 (US$ Million). 47

    Figure 19. Herbs: Vertical Farming Crops Market – Revenue, and Forecast to 2027 (US$ Million). 48

    Figure 20. Others: Vertical Farming Crops Market – Revenue, and Forecast to 2027 (US$ Million). 49

    Figure 21. Vertical Farming Crops Market Revenue Share, by End-Use (2019 and 2027). 50

    Figure 22. Food Retail: Vertical Farming Crops Market – Revenue, and Forecast to 2027 (US$ Million). 51

    Figure 23. Food Service: Vertical Farming Crops Market – Revenue, and Forecast to 2027 (US$ Million). 52

    Figure 24. Vertical Farming Crops Market Revenue Share, by Farming Technique (2019 and 2027). 53

    Figure 25. Hydroponics: Vertical Farming Crops Market – Revenue, and Forecast to 2027 (US$ Million). 55

    Figure 26. Aeroponics: Vertical Farming Crops Market – Revenue, and Forecast to 2027 (US$ Million). 56

    Figure 27. Aquaponics: Vertical Farming Crops Market – Revenue, and Forecast to 2027 (US$ Million). 57

    Figure 28. Global Vertical Farming Crops Market Revenue Share, by Region (2019 and 2027). 58

    Figure 29. North America: Vertical Farming Crops Market – Revenue and Forecast to 2027 (US$ Million). 59

    Figure 30. North America: Vertical Farming Crops Market Revenue Share, by Crop Type (2019 and 2027). 60

    Figure 31. North America: Vertical Farming Crops Market Revenue Share, by End-Use (2019 and 2027). 61

    Figure 32. North America: Vertical Farming Crops Market Revenue Share, by Farming Technique (2019 and 2027). 61

    Figure 33. North America: Vertical Farming Crops Market Revenue Share, by Key Country (2019 and 2027). 62

    Figure 34. US: Vertical Farming Crops Market –Revenue and Forecast to 2027 (US$ Million). 63

    Figure 35. Canada: Vertical Farming Crops Market –Revenue and Forecast to 2027 (US$ Million). 65

    Figure 36. Mexico: Vertical Farming Crops Market –Revenue and Forecast to 2027 (US$ Million). 67

    Figure 37. Europe: Vertical Farming Crops Market – Revenue and Forecast to 2027 (US$ Million). 70

    Figure 38. Europe: Vertical Farming Crops Market Revenue Share, by Crop Type (2019 and 2027). 71

    Figure 39. Europe: Vertical Farming Crops Market Revenue Share, by End-Use (2019 and 2027). 72

    Figure 40. Europe: Vertical Farming Crops Market Revenue Share, by Farming Technique (2019 and 2027). 72

    Figure 41. Europe: Vertical Farming Crops Market Revenue Share, by Key Country (2019 and 2027). 73

    Figure 42. Germany: Vertical Farming Crops Market –Revenue and Forecast to 2027 (US$ Million). 74

    Figure 43. France: Vertical Farming Crops Market –Revenue and Forecast to 2027 (US$ Million). 76

    Figure 44. Italy: Vertical Farming Crops Market –Revenue and Forecast to 2027 (US$ Million). 78

    Figure 45. United Kingdom: Vertical Farming Crops Market –Revenue and Forecast to 2027 (US$ Million). 80

    Figure 46. Russia: Vertical Farming Crops Market –Revenue and Forecast to 2027 (US$ Million). 82

    Figure 47. Rest of Europe: Vertical Farming Crops Market –Revenue and Forecast to 2027 (US$ Million). 84

    Figure 48. Asia Pacific: Vertical Farming Crops Market – Revenue and Forecast to 2027 (US$ Million). 86

    Figure 49. Asia Pacific: Vertical Farming Crops Market Revenue Share, by Crop Type (2019 and 2027). 87

    Figure 50. Asia Pacific: Vertical Farming Crops Market Revenue Share, by End-Use (2019 and 2027). 88

    Figure 51. Asia Pacific: Vertical Farming Crops Market Revenue Share, by Farming Technique (2019 and 2027). 88

    Figure 52. Asia Pacific: Vertical Farming Crops Market Revenue Share, by Key Country (2019 and 2027). 89

    Figure 53. Australia: Vertical Farming Crops Market –Revenue and Forecast to 2027 (US$ Million). 90

    Figure 54. China: Vertical Farming Crops Market –Revenue and Forecast to 2027 (US$ Million). 92

    Figure 55. India: Vertical Farming Crops Market –Revenue and Forecast to 2027 (US$ Million). 94

    Figure 56. Japan: Vertical Farming Crops Market –Revenue and Forecast to 2027 (US$ Million). 96

    Figure 57. South Korea: Vertical Farming Crops Market –Revenue and Forecast to 2027 (US$ Million). 98

    Figure 58. Rest of Asia Pacific: Vertical Farming Crops Market –Revenue and Forecast to 2027 (US$ Million). 100

    Figure 59. Middle East and Africa: Vertical Farming Crops Market – Revenue and Forecast to 2027 (US$ Million). 103

    Figure 60. Middle East and Africa: Vertical Farming Crops Market Revenue Share, by Crop Type (2019 and 2027). 104

    Figure 61. Middle East and Africa: Vertical Farming Crops Market Revenue Share, by End-Use (2019 and 2027). 105

    Figure 62. Middle East and Africa: Vertical Farming Crops Market Revenue Share, by Farming Technique (2019 and 2027). 105

    Figure 63. Middle East and Africa: Vertical Farming Crops Market Revenue Share, by Key Country (2019 and 2027). 106

    Figure 64. South Africa: Vertical Farming Crops Market –Revenue and Forecast to 2027 (US$ Million). 107

    Figure 65. Saudi Arabia: Vertical Farming Crops Market –Revenue and Forecast to 2027 (US$ Million). 109

    Figure 66. UAE: Vertical Farming Crops Market –Revenue and Forecast to 2027 (US$ Million). 111

    Figure 67. Rest of Middle East & Africa: Vertical Farming Crops Market –Revenue and Forecast to 2027 (US$ Million). 113

    Figure 68. South and Central America: Vertical Farming Crops Market – Revenue and Forecast to 2027 (US$ Million). 116

    Figure 69. South and Central America: Vertical Farming Crops Market Revenue Share, by Crop Type (2019 and 2027). 117

    Figure 70. South and Central America: Vertical Farming Crops Market Revenue Share, by End-Use (2019 and 2027). 118

    Figure 71. South and Central America: Vertical Farming Crops Market Revenue Share, by End-Use (2019 and 2027). 118

    Figure 72. South and Central America: Vertical Farming Crops Market Revenue Share, by Key Country (2019 and 2027). 119

    Figure 73. Brazil: Vertical Farming Crops Market –Revenue and Forecast to 2027 (US$ Million). 120

    Figure 74. Argentina: Vertical Farming Crops Market –Revenue and Forecast to 2027 (US$ Million). 122

    Figure 75. Rest of South and Central America: Vertical Farming Crops Market –Revenue and Forecast to 2027 (US$ Million). 124

    Figure 76. Impact of COVID-19 Pandemic in North American Country Markets. 128

    Figure 77. Impact of COVID-19 Pandemic in Europe Country Markets. 129

    Figure 78. Impact of COVID-19 Pandemic in Asia Pacific Country Markets. 130

    Figure 79. Impact of COVID-19 Pandemic in Middle East and Africa Country Markets. 131

    Figure 80. Impact of COVID-19 Pandemic in South America Country Markets. 132

    The List of Companies - Vertical Farming Crops Market

    1. AeroFarms
    2. Agricool
    3. Bowery Farming Inc.
    4. CropOne
    5. Infarm
    6. Plantlab
    7. Plenty Unlimited Inc.
    8. Gotham Greens
    9. MIRAI Co., Ltd.
    10. BrightFarms
    • Highlights key business priorities in order to assist companies to realign their business strategies.

    • The key findings and recommendations highlight crucial progressive industry trends in the global vertical farming crops market, thereby allowing players to develop effective long-term strategies.

    • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.

    • Scrutinize in-depth the market trends and outlook coupled with the factors driving the market, as well as those hindering it.

    • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation, and industry verticals.
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    Frequently Asked Questions

    The major players operating in the global vertical farming crops market are AeroFarms, Agricool, Bowery Farming Inc., CropOne, Infarm, Plantlab, Plenty Unlimited Inc., Gotham Greens, MIRAI Co., Ltd., and BrightFarms, and many others.
    In 2019, the vertical farming crops market was predominant by North America at the global level. The primary factor driving the growth of the vertical farming crops market is technological advancements in vertical farming. The vertical farming programs in the US are likely to favor the growth of the market during the forecast period. In June 2020, Jersey City Mayor announced the launch of the first in the nation municipal vertical farming program in association with AeroFarms and the World Economic Forum. The ten vertical farms will grow approximately 19,000 pounds of vegetables every year using minimal electricity and water mist. All these government initiatives are also influencing the market growth for vertical farming crops in this region.
    Between the two segments of crop type, leafy greens segment has led the market in 2019. Leafy greens such as lettuce, kale, collard greens, spinach, mizuna, beet greens, and microgreens are suitable choice for indoor farming because they can be grown rapidly and in relatively small spaces. Also, growing concerns toward food security and nutrition are expected to drive the demand for leafy greens in the forecast period. As consumer trend is developing toward “fresh-from-farm-to-table”, the demand for freshly harvested green vegetables is expected to increase in across retail outlets. Compared to traditional outdoor farming, vertical farms have lower land use requirement, less CO2 emissions from transportation, and are up to 90% more water efficient. Increasing investment in research of indoor cultivation of leafy greens crops is offering lucrative opportunities for the market growth.

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