Vertical Farming Market to Grow at a CAGR of 24.4% to reach US$ 19,864.8 million from 2021 to 2028

    Vertical Farming Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Growth Mechanism (Hydroponics, Aeroponics, and Aquaponics) and Component (Lighting, Sensor, Climate Control, Irrigation Component, Building Material, and Others)

    Publication Month: Oct 2021 | Report Code: TIPRE00007018 | No. of Pages: 145 | Category: Manufacturing and Construction | Status: Published

    The vertical farming market is expected to grow from US$ 4,300.2 million in 2021 to US$ 19,864.8 million by 2028; it is estimated to grow at a CAGR of 24.4% from 2021 to 2028.

    The vertical farming market is experiencing significant traction across the world due to the mounting demand for food, propelled by the rising global population. Since it uses 90% less water, requires less space, and yields more crops in shorter periods, compared to conventional farming, its demand is increasing at a significant rate. In this technique, the cultivation of fruits and vegetables is not restricted to seasonal cycles, as the requisite atmospheric conditions can be created at farming sites. However, the high initial investment cost is a hindrance to the growth trajectory of the vertical farming market. Nevertheless, the increasing demand for organic food, coupled with the rising adoption of veganism across the world, is anticipated to boost the global vertical farming market during the forecast period.

    Strategic Insights

    Impact of COVID-19 Pandemic on Vertical Farming Market

    Governments across the world imposed various containment measures to control the spread of COVID-19. While in several countries the governments imposed complete lockdown, other countries experienced partial lockdown, and businesses were allowed to operate with various regulations. The production facilities were halted due to the shortage of workers in the vertical farming sector. Long-term decline in manufacturing, travel bans, and facility shutdown kept the workers away from factories for prolonged periods.This led to the shortage of equipment such as sensors and lighting required in the vertical agriculture market, decelerating the growth of the vertical farming market in 2020. The pandemic has also led to limitations on the availability of agricultural laborers and disruptions in international supply chains. However, the negative impact of COVID-19 on the electronics and semiconductors industries is expected to last for a short span, and the market is anticipated to observe a high demand in 2021, as economies have begun reopening and containment measures are being relaxed since the start of this year. The vertical farming market is also anticipated to witness significant growth due to the rise in urban agriculture as the means of addressing local food shortage during the post-pandemic period.

    Lucrative Regions for Vertical Farming Providers

    Lucrative Regions for Vertical Farming Providers

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    Vertical Farming Market Insights

    Benefits of Vertical Farming Over Conventional Farming

    The vertical farming market has picked up significant momentum over the years. The rising awareness pertaining to the benefits of vertical farming is a key factor driving this growth. Since vertical farming is independent of weather, it allows farmers to achieve a consistent annual crop production without having to worry about adverse weather conditions. Moreover, it enables them to yield more in a small area. Compared to conventional farming, vertical farming yields ~240-times greater while requiring 99% less land and 98% less water. The emergence of next-generation, AI-powered vertical farming technologies that can help reduce the consumption of land and water further is boosting the growth of this market substantially. Moreover, increasing demand for sustainable agricultural ecosystems will continue to boost the demand for vertical farming in the coming years. Technological advancements have enabled the use of controlled environmental resources and agriculturally unsuitable sites, mainly skyscrapers, shipping containers, and vacant warehouses. Ascending focus on recapturing evaporated water and recycling products, in a bid to reduce wastage, is also projected to augment the vertical farming market proliferation in the coming years.

    Component-Based Market Insights

    Light-emitting diode (LED) lights, high-intensity discharge lights, and fluorescent lamps are among the lighting types used for vertical farming. Among this, LED lights are the most widely used lighting for vertical farming. The unique properties of LED lights—such as energy-efficiency, low heat generation, compact size, and lifespan up to 50,000—encourage the adoption of LEDs. These lights are cost effective and their light intensity can be controlled to suit different plants and crops, which are among the major advantages of LEDs. Moreover, these lights can separate dissipated heat from the illumination source, which becomes an important characteristic for high-intensity LEDs. This type of decoupling rules out the risk of plant overheating, thus allowing the placement of LEDs near plant canopies. However, the cost of LED light bulbs is higher than the other two types lighting technologies fluorescent lamps and high-intensity discharge lights

    Vertical Farming Market, by Component – 2020 and 2028 (%)

    Vertical Farming Market, by Component – 2020 and 2028 (%)

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    Players operating in the vertical farming market adopt strategies such as mergers and acquisitions to maintain their positions in the market. A few of developments by key players are listed below:

    • In August 2021, AeroFarms announced that it will be expanding its footprint in St. Louis, Missouri, US, with an indoor vertical farm spread over the area of 150,000 ft2. The expansion would provide AeroFarms a rapid access to retail partners across the Midwest in the US.
    • In July 2020, Eden Green Technology, a vertical greenhouse farming technology firm based in Dallas, announced a shift in its business strategy; the company operates as a provider of economically and ecologically sustainable solutions, in addition to the farming technologies. This is especially crucial during the COVVID-19 pandemic as it has disrupted supply chains and redirected consumers’ attention toward health and safety.

    The vertical farming market has been segmented as follows:


    Vertical Farming Market – by Growth Mechanism

    • Hydroponics
    • Aeroponics
    • Aquaponics


    Vertical Farming Market – by Component

    • Lighting
    • Sensor
    • Climate Control
    • Irrigation Component
    • Building Material
    • Others

    Vertical Farming Market – by Geography

    • North America

      • US
      • Canada
      • Mexico
    • Europe

      • Germany
      • France
      • Italy
      • UK
      • Russia
      • Rest of Europe
    • Asia Pacific (APAC)

      • Australia
      • China
      • India
      • Japan
      • South Korea
      • Rest of APAC
    • Middle East and Africa (MEA)

      • South Africa
      • Saudi Arabia
      • UAE
      • Rest of MEA
    • South America (SAM)

      • Brazil
      • Argentina
      • Rest of SAM

    Company Profiles

    • Eden Green Technology
    • Elevate Farms Inc.
    • iFarm
    • OSRAM GmbH
    • Plenty Unlimited Inc.
    • Sky Greens
    • Vertical Farm Systems
    • Square Mile Farms
    • Agrilution
    • AeroFarms

    Frequently Asked Questions

    The vertical farming market is experiencing significant traction across the world due to the mounting demand for food, propelled by the rising global population. Since vertical farming uses 90% less water, requires less space, and yields more crops in a shorter period of time compared to conventional farming, its demand is increasing at a significant rate. In this technique, the cultivation of fruits and vegetables are not restricted to seasonal cycles, as the requisite atmospheric conditions can be created in vertical farms. Meanwhile, the increasing demand for organic foods, coupled with the rising adoption of veganism across the world is anticipated to boost the global vertical farming market over the forecast period.
    The farming and agriculture industry is leveraging the potential of AI considerably. Key market players are monitoring the requisite environment for plant development, including soil, water, light exposure, and crop yield data. They are now able to track and control plant development using various advanced technologies, such as AI-powered tools and robotics. The advanced climate-controlled vertical farming setup consists of AI-powered robots, which control water consumption, temperature, and lighting and produce 720 acres worth of fruit and vegetable yields in just 2 acres of farmland. Favorable conditions are being created manually with the use of LED panels to replicate sunlight for the optimal development of crops. Such innovations in modern farming that leverage the advantages of AI and robotics are anticipated to provide lucrative growth opportunities for players in the vertical farming market space.
    Hydroponics is one the modern horticulture practices which involves cultivation of plants without the use of soil. The necessary nutrients required for the growth of the plants are integrated in the water and this water is circulated in among the roots of the plants for providing the nourishment. The nutrients integrated in the water varies from the type of produces to be cultivated. Moreover, the hydroponics can yield more produce in smaller space and requires 90% less water compared to conventional farming practices. With the rising demand for food across the globe various governments are taking various initiatives for boosting modern farming practices. For instance, The US Department of Agriculture (USDA) have announced to over US $4 billion toward strengthening our food system owing to the rising food demand. Further, Maharashtra state government in India has recently announced to provide 50% subsidy to farmers for adopting hydroponics for growing animal fodder. Thus, such initiatives by governments across the globe is expected to boost the vertical farming market.
    In 2020, North America led the market with a substantial revenue share, followed by Europe and APAC. Asia Pacific is a prospective market for vertical farming market players.
    The major companies in Vertical Farming includes AGRILUTION SYSTEMS GMBH; iFarm; AEROFARMS, LLC; SKY GREENS; Everlight Electronics; and Green Sense Farms LLC
    The major components in Vertical Farming includes lighting, sensor, climate control, irrigation component, building material, and others.

    1. Introduction

    1.1 Study Scope

    1.2 The Insight Partners Research Report Guidance

    1.3 Market Segmentation

    2. Key Takeaways

    3. Research Methodology

    3.1 Coverage

    3.2 Secondary Research

    3.3 Primary Research

    4. Vertical Farming Market Landscape

    4.1 Market Overview

    4.2 PEST Analysis

    4.2.1 North America

    4.2.2 Europe

    4.2.3 Asia-Pacific

    4.2.4 Middle East and Africa

    4.2.5 South America

    4.3 Ecosystem Analysis

    4.4 Expert Opinion

    5. Vertical Farming Market – Key Market Dynamics

    5.1 Market Drivers

    5.1.1 Benefits of Vertical Farming Compared to Conventional Farming

    5.1.2 Rise in Popularity of Organic Food Leading to Increased Uptake of Vertical Farming

    5.2 Market Restraints

    5.2.1 High Initial Investments and Maintenance Costs

    5.3 Market Opportunities

    5.3.1 Artificial Intelligence and Robotics to Revolutionize Vertical Farming

    5.4 Future Trends

    5.4.1 Rapid Developments in Precision Farming Technologies

    5.5 Impact Analysis of Drivers and Restraints

    6. Vertical Farming Market – Global Analysis

    6.1 Vertical Farming Market Global Overview

    6.2 Vertical Farming Market – Global Revenue and Forecast to 2028 (US$ Million)

    6.3 Market Positioning – Five Key Players

    7. Vertical Farming Market Analysis – By Growth Mechanism

    7.1 Overview

    7.2 Vertical Farming Market, By Growth Mechanism (2020 and 2028)

    7.3 Hydroponics

    7.3.1 Overview

    7.3.2 Hydroponics: Vertical Farming Market – Revenue and Forecast to 2028 (US$ Million)

    7.4 Aeroponics

    7.4.1 Overview

    7.4.2 Aeroponics: Vertical Farming Market – Revenue and Forecast to 2028 (US$ Million)

    7.5 Aquaponics

    7.5.1 Overview

    7.5.2 Aquaponics: Vertical Farming Market – Revenue and Forecast to 2028 (US$ Million)

    8. Vertical Farming Market – By Component

    8.1 Overview

    8.2 Vertical Farming Market, by Component (2020 and 2028)

    8.3 Lighting

    8.3.1 Overview

    8.3.2 Lighting: Vertical Farming Market – Revenue and Forecast to 2028 (US$ Million)

    8.4 Sensor

    8.4.1 Overview

    8.4.2 Sensor: Vertical Farming Market – Revenue and Forecast to 2028 (US$ Million)

    8.5 Climate Control

    8.5.1 Overview

    8.5.2 Climate Control: Vertical Farming Market – Revenue and Forecast to 2028 (US$ Million)

    8.6 Irrigation Component

    8.6.1 Overview

    8.6.2 Irrigation Component: Vertical Farming Market – Revenue and Forecast to 2028 (US$ Million)

    8.7 Building Material

    8.7.1 Overview

    8.7.2 Building Material: Vertical Farming Market – Revenue and Forecast to 2028 (US$ Million)

    8.8 Others

    8.8.1 Overview

    8.8.2 Others: Vertical Farming Market – Revenue and Forecast to 2028 (US$ Million)

    9. Vertical Farming Market – Geographic Analysis

    9.1 Overview

    9.2 North America: Vertical Farming Market

    9.2.1 Overview

    9.2.2 North America Vertical Farming Market, Revenue and Forecast to 2028 (US$ Million)

    9.2.3 North America Vertical Farming Market Breakdown, By Growth Mechanism

    9.2.4 North America Vertical Farming Market Breakdown, By Component

    9.2.5 North America Vertical Farming Market Breakdown, by Country

    9.2.5.1 US Vertical Farming Market, Revenue and Forecast to 2028

    9.2.5.1.1 US Vertical Farming Market Breakdown, by Growth Mechanism

    9.2.5.1.2 US Vertical Farming Market Breakdown, By Component

    9.2.5.2 Canada Vertical Farming Market, Revenue and Forecast to 2028

    9.2.5.2.1 Canada Vertical Farming Market Breakdown, by Growth Mechanism

    9.2.5.2.2 Canada Vertical Farming Market Breakdown, By Component

    9.2.5.3 Mexico Vertical Farming Market, Revenue and Forecast to 2028

    9.2.5.3.1 Mexico Vertical Farming Market Breakdown, by Growth Mechanism

    9.2.5.3.2 Mexico Vertical Farming Market Breakdown, By Component

    9.3 Europe: Vertical Farming Market

    9.3.1 Overview

    9.3.2 Europe: Vertical Farming Market Revenue and Forecast to 2028 (US$ Million)

    9.3.3 Europe Vertical Farming Market Breakdown, By Growth Mechanism

    9.3.4 Europe Vertical Farming Market Breakdown, By Component

    9.3.5 Europe Vertical Farming Market Breakdown, by Country

    9.3.5.1 Germany Vertical Farming Market, Revenue and Forecast to 2028

    9.3.5.1.1 Germany Vertical Farming Market Breakdown, by Growth Mechanism

    9.3.5.1.2 Germany Vertical Farming Market Breakdown, By Component

    9.3.5.2 France Vertical Farming Market, Revenue and Forecast to 2028

    9.3.5.2.1 France Vertical Farming Market Breakdown, by Growth Mechanism

    9.3.5.2.2 France Vertical Farming Market Breakdown, By Component

    9.3.5.3 Italy Vertical Farming Market, Revenue and Forecast to 2028

    9.3.5.3.1 Italy Vertical Farming Market Breakdown, by Growth Mechanism

    9.3.5.3.2 Italy Vertical Farming Market Breakdown, By Component

    9.3.5.4 UK Vertical Farming Market, Revenue and Forecast to 2028

    9.3.5.4.1 UK Vertical Farming Market Breakdown, by Growth Mechanism

    9.3.5.4.2 UK Vertical Farming Market Breakdown, By Component

    9.3.5.5 Russia Vertical Farming Market, Revenue and Forecast to 2028

    9.3.5.5.1 Russia Vertical Farming Market Breakdown, by Growth Mechanism

    9.3.5.5.2 Russia Vertical Farming Market Breakdown, By Component

    9.3.5.6 Rest of Europe Vertical Farming Market, Revenue and Forecast to 2028

    9.3.5.6.1 Rest of Europe Vertical Farming Market Breakdown, by Growth Mechanism

    9.3.5.6.2 Rest of Europe Vertical Farming Market Breakdown, By Component

    9.4 APAC: Vertical Farming Market

    9.4.1 Overview

    9.4.2 APAC Vertical Farming Market, Revenue and Forecast to 2028 (US$ Million)

    9.4.3 APAC Vertical Farming Market Breakdown, By Growth Mechanism

    9.4.4 APAC Vertical Farming Market Breakdown, By Component

    9.4.5 APAC Vertical Farming Market Breakdown, by Country

    9.4.5.1 China Vertical Farming Market, Revenue and Forecast to 2028 (US$ Million)

    9.4.5.1.1 China Vertical Farming Market Breakdown, by Growth Mechanism

    9.4.5.1.2 China Vertical Farming Market Breakdown, By Component

    9.4.5.2 India Vertical Farming Market, Revenue and Forecast to 2028 (US$ Million)

    9.4.5.2.1 India Vertical Farming Market Breakdown, by Growth Mechanism

    9.4.5.2.2 India Vertical Farming Market Breakdown, By Component

    9.4.5.3 Japan Vertical Farming Market, Revenue and Forecast to 2028 (US$ Million)

    9.4.5.3.1 Japan Vertical Farming Market Breakdown, by Growth Mechanism

    9.4.5.3.2 Japan Vertical Farming Market Breakdown, By Component

    9.4.5.4 South Korea Vertical Farming Market, Revenue and Forecast to 2028 (US$ Million)

    9.4.5.4.1 South Korea Vertical Farming Market Breakdown, by Growth Mechanism

    9.4.5.4.2 South Korea Vertical Farming Market Breakdown, By Component

    9.4.5.5 Australia Vertical Farming Market, Revenue and Forecast to 2028 (US$ Million)

    9.4.5.5.1 Australia Vertical Farming Market Breakdown, by Growth Mechanism

    9.4.5.5.2 Australia Vertical Farming Market Breakdown, By Component

    9.4.5.6 Rest of APAC Vertical Farming Market, Revenue and Forecast to 2028 (US$ Million)

    9.4.5.6.1 Rest of APAC Vertical Farming Market Breakdown, by Growth Mechanism

    9.4.5.6.2 Rest of APAC Vertical Farming Market Breakdown, By Component

    9.5 MEA: Vertical Farming Market

    9.5.1 Overview

    9.5.2 MEA Vertical Farming Market, Revenue and Forecast to 2028 (US$ Million)

    9.5.3 MEA Vertical Farming Market Breakdown, By Growth Mechanism

    9.5.4 MEA Vertical Farming Market Breakdown, By Component

    9.5.5 MEA Vertical Farming Market Breakdown, By Country

    9.5.5.1 Saudi Arabia Vertical Farming Market, Revenue and Forecast to 2028 (US$ Million)

    9.5.5.1.1 Saudi Arabia Vertical Farming Market Breakdown, by Growth Mechanism

    9.5.5.1.2 Saudi Arabia Vertical Farming Market Breakdown, By Component

    9.5.5.2 UAE Vertical Farming Market, Revenue and Forecast to 2028 (US$ Million)

    9.5.5.2.1 UAE Vertical Farming Market Breakdown, by Growth Mechanism

    9.5.5.2.2 UAE Vertical Farming Market Breakdown, By Component

    9.5.5.3 South Africa Vertical Farming Market, Revenue and Forecast to 2028 (US$ Million)

    9.5.5.3.1 South Africa Vertical Farming Market Breakdown, by Growth Mechanism

    9.5.5.3.2 South Africa Vertical Farming Market Breakdown, By Component

    9.5.5.4 Rest of MEA Vertical Farming Market, Revenue and Forecast to 2028 (US$ Million)

    9.5.5.4.1 Rest of MEA Vertical Farming Market Breakdown, by Growth Mechanism

    9.5.5.4.2 Rest of MEA Vertical Farming Market Breakdown, By Component

    9.6 SAM: Vertical Farming Market

    9.6.1 Overview

    9.6.2 SAM Vertical Farming Market Revenue and Forecast to 2028 (US$ Million)

    9.6.3 SAM Vertical Farming Market Breakdown, By Growth Mechanism

    9.6.4 SAM Vertical Farming Market Breakdown, By Component

    9.6.5 SAM Vertical Farming Market Breakdown, by Country

    9.6.5.1 Brazil Vertical Farming Market, Revenue and Forecast to 2028

    9.6.5.1.1 Brazil Vertical Farming Market Breakdown, by Growth Mechanism

    9.6.5.1.2 Brazil Vertical Farming Market Breakdown, By Component

    9.6.5.2 Argentina Vertical Farming Market, Revenue and Forecast to 2028

    9.6.5.2.1 Argentina Vertical Farming Market Breakdown, by Growth Mechanism

    9.6.5.2.2 Argentina Vertical Farming Market Breakdown, By Component

    9.6.5.3 Rest of SAM Vertical Farming Market, Revenue and Forecast to 2028

    9.6.5.3.1 Rest of SAM Vertical Farming Market Breakdown, by Growth Mechanism

    9.6.5.3.2 Rest of SAM Vertical Farming Market Breakdown, By Component

    10. Vertical Farming Market- COVID-19 Impact Analysis

    10.1 Overview

    10.2 North America

    10.3 Europe

    10.4 Asia Pacific

    10.5 Middle East and Africa

    10.6 South America

    11. Industry Landscape

    11.1 Overview

    11.2 Market Initiative

    12. Company Profiles

    12.1 Eden Green Technology

    12.1.1 Key Facts

    12.1.2 Business Description

    12.1.3 Products and Services

    12.1.4 Financial Overview

    12.1.5 SWOT Analysis

    12.1.6 Key Developments

    12.2 Elevate Farms Inc.

    12.2.1 Key Facts

    12.2.2 Business Description

    12.2.3 Products and Services

    12.2.4 Financial Overview

    12.2.5 SWOT Analysis

    12.2.6 Key Developments

    12.3 iFarm

    12.3.1 Key Facts

    12.3.2 Business Description

    12.3.3 Products and Services

    12.3.4 Financial Overview

    12.3.5 SWOT Analysis

    12.3.6 Key Developments

    12.4 OSRAM GmbH

    12.4.1 Key Facts

    12.4.2 Business Description

    12.4.3 Products and Services

    12.4.4 Financial Overview

    12.4.5 SWOT Analysis

    12.4.6 Key Developments

    12.5 Plenty Unlimited Inc.

    12.5.1 Key Facts

    12.5.2 Business Description

    12.5.3 Products and Services

    12.5.4 Financial Overview

    12.5.5 SWOT Analysis

    12.5.6 Key Developments

    12.6 Sky Greens

    12.6.1 Key Facts

    12.6.2 Business Description

    12.6.3 Products and Services

    12.6.4 Financial Overview

    12.6.5 SWOT Analysis

    12.6.6 Key Developments

    12.7 Vertical Farm Systems

    12.7.1 Key Facts

    12.7.2 Business Description

    12.7.3 Products and Services

    12.7.4 Financial Overview

    12.7.5 SWOT Analysis

    12.7.6 Key Developments

    12.8 Square Mile Farms

    12.8.1 Key Facts

    12.8.2 Business Description

    12.8.3 Products and Services

    12.8.4 Financial Overview

    12.8.5 SWOT Analysis

    12.8.6 Key Developments

    12.9 Agrilution

    12.9.1 Key Facts

    12.9.2 Business Description

    12.9.3 Products and Services

    12.9.4 Financial Overview

    12.9.5 SWOT Analysis

    12.9.6 Key Developments

    12.10 AeroFarms

    12.10.1 Key Facts

    12.10.2 Business Description

    12.10.3 Products and Services

    12.10.4 Financial Overview

    12.10.5 SWOT Analysis

    12.10.6 Key Developments

    13. Appendix

    13.1 About The Insight Partners

    13.2 Word Index

    LIST OF TABLES

    Table 1. Vertical Farming Market – Revenue, and Forecast to 2028 (US$ Million)

    Table 2. North America Vertical Farming Market, Revenue and Forecast To 2028 – By Growth Mechanism (US$ Million)

    Table 3. North America Vertical Farming Market, Revenue and Forecast To 2028 – By Component (US$ Million)

    Table 4. North America Vertical Farming Market, Revenue and Forecast To 2028 – By Country (US$ Million)

    Table 5. US Vertical Farming Market, Revenue and Forecast to 2028 – By Growth Mechanism (US$ Million)

    Table 6. US Vertical Farming Market, Revenue and Forecast to 2028 – By Component (US$ Million)

    Table 7. Canada Vertical Farming Market, Revenue and Forecast to 2028 – By Growth Mechanism (US$ Million)

    Table 8. Canada Vertical Farming Market, Revenue and Forecast to 2028 – By Component (US$ Million)

    Table 9. Mexico Vertical Farming Market, Revenue and Forecast to 2028 – By Growth Mechanism (US$ Million)

    Table 10. Mexico Vertical Farming Market, Revenue and Forecast to 2028 – By Component (US$ Million)

    Table 11. Europe Vertical Farming Market, Revenue and Forecast To 2028 – By Growth Mechanism (US$ Million)

    Table 12. Europe Vertical Farming Market, Revenue and Forecast To 2028 – By Component (US$ Million)

    Table 13. Europe Vertical Farming Market, Revenue and Forecast To 2028 – By Country (US$ Million)

    Table 14. Germany Vertical Farming Market, Revenue and Forecast to 2028 – By Growth Mechanism (US$ Million)

    Table 15. Germany Vertical Farming Market, Revenue and Forecast to 2028 – By Component (US$ Million)

    Table 16. France Vertical Farming Market, Revenue and Forecast to 2028 – By Growth Mechanism (US$ Million)

    Table 17. France Vertical Farming Market, Revenue and Forecast to 2028 – By Component (US$ Million)

    Table 18. Italy Vertical Farming Market, Revenue and Forecast to 2028 – By Growth Mechanism (US$ Million)

    Table 19. Italy Vertical Farming Market, Revenue and Forecast to 2028 – By Component (US$ Million)

    Table 20. UK Vertical Farming Market, Revenue and Forecast to 2028 – By Growth Mechanism (US$ Million)

    Table 21. UK Vertical Farming Market, Revenue and Forecast to 2028 – By Component (US$ Million)

    Table 22. Russia Vertical Farming Market, Revenue and Forecast to 2028 – By Growth Mechanism (US$ Million)

    Table 23. Russia Vertical Farming Market, Revenue and Forecast to 2028 – By Component (US$ Million)

    Table 24. Rest of Europe Vertical Farming Market, Revenue and Forecast to 2028 – By Growth Mechanism (US$ Million)

    Table 25. Rest of Europe Vertical Farming Market, Revenue and Forecast to 2028 – By Component (US$ Million)

    Table 26. APAC Vertical Farming Market, Revenue and Forecast To 2028 – By Growth Mechanism (US$ Million)

    Table 27. APAC Vertical Farming Market, Revenue and Forecast To 2028 – By Component (US$ Million)

    Table 28. APAC Vertical Farming Market, Revenue and Forecast To 2028 – By Country (US$ Million)

    Table 29. China Vertical Farming Market, Revenue and Forecast to 2028 – By Growth Mechanism (US$ Million)

    Table 30. China Vertical Farming Market, Revenue and Forecast to 2028 – By Component (US$ Million)

    Table 31. India Vertical Farming Market, Revenue and Forecast to 2028 – By Growth Mechanism (US$ Million)

    Table 32. India Vertical Farming Market, Revenue and Forecast to 2028 – By Component (US$ Million)

    Table 33. Japan Vertical Farming Market, Revenue and Forecast to 2028 – By Growth Mechanism (US$ Million)

    Table 34. Japan Vertical Farming Market, Revenue and Forecast to 2028 – By Component (US$ Million)

    Table 35. South Korea Vertical Farming Market, Revenue and Forecast to 2028 – By Growth Mechanism (US$ Million)

    Table 36. South Korea Vertical Farming Market, Revenue and Forecast to 2028 – By Component (US$ Million)

    Table 37. Australia Vertical Farming Market, Revenue and Forecast to 2028 – By Growth Mechanism (US$ Million)

    Table 38. Australia Vertical Farming Market, Revenue and Forecast to 2028 – By Component (US$ Million)

    Table 39. Rest of APAC Vertical Farming Market, Revenue and Forecast to 2028 – By Growth Mechanism (US$ Million)

    Table 40. Rest of APAC Vertical Farming Market, Revenue and Forecast to 2028 – By Component (US$ Million)

    Table 41. MEA Vertical Farming Market, Revenue and Forecast To 2028 – By Growth Mechanism (US$ Million)

    Table 42. MEA Vertical Farming Market, Revenue and Forecast To 2028 – By Component (US$ Million)

    Table 43. MEA Vertical Farming Market, Revenue and Forecast to 2028 – By Country (US$ Million)

    Table 44. Saudi Arabia Vertical Farming Market, Revenue and Forecast to 2028 – By Growth Mechanism (US$ Million)

    Table 45. Saudi Arabia Vertical Farming Market, Revenue and Forecast to 2028 – By Component (US$ Million)

    Table 46. UAE Vertical Farming Market, Revenue and Forecast to 2028 – By Growth Mechanism (US$ Million)

    Table 47. UAE Vertical Farming Market, Revenue and Forecast to 2028 – By Component (US$ Million)

    Table 48. South Africa Vertical Farming Market, Revenue and Forecast to 2028 – By Growth Mechanism (US$ Million)

    Table 49. South Africa Vertical Farming Market, Revenue and Forecast to 2028 – By Component (US$ Million)

    Table 50. Rest of MEA Vertical Farming Market, Revenue and Forecast to 2028 – By Growth Mechanism (US$ Million)

    Table 51. Rest of MEA Vertical Farming Market, Revenue and Forecast to 2028 – By Component (US$ Million)

    Table 52. SAM Vertical Farming Market, Revenue and Forecast To 2028 – By Growth Mechanism (US$ Million)

    Table 53. SAM Vertical Farming Market, Revenue and Forecast To 2028 – By Component (US$ Million)

    Table 54. SAM Vertical Farming Market, Revenue and Forecast To 2028 – By Country (US$ Million)

    Table 55. Brazil Vertical Farming Market, Revenue and Forecast to 2028 – By Growth Mechanism (US$ Million)

    Table 56. Brazil Vertical Farming Market, Revenue and Forecast to 2028 – By Component (US$ Million)

    Table 57. Argentina Vertical Farming Market, Revenue and Forecast to 2028 – By Growth Mechanism (US$ Million)

    Table 58. Argentina Vertical Farming Market, Revenue and Forecast to 2028 – By Component (US$ Million)

    Table 59. Rest of SAM Vertical Farming Market, Revenue and Forecast to 2028 – By Growth Mechanism (US$ Million)

    Table 60. Rest of SAM Vertical Farming Market, Revenue and Forecast to 2028 – By Component (US$ Million)

    Table 61. List of Abbreviation

    LIST OF FIGURES

    Figure 1. Vertical Farming Market Segmentation

    Figure 2. Vertical Farming Market Segmentation – By Geography

    Figure 3. Global Vertical Farming Market Overview

    Figure 4. Hydroponics Segment Held the Largest Market Share in 2020

    Figure 5. Lighting Held the Largest Market Share in 2020

    Figure 6. North America was the Largest Revenue Contributor in 2020

    Figure 7. North America – PEST Analysis

    Figure 8. Europe – PEST Analysis

    Figure 9. Asia-Pacific – PEST Analysis

    Figure 10. Middle East and Africa – PEST Analysis

    Figure 11. South America – PEST Analysis

    Figure 12. Expert Opinion

    Figure 13. Vertical Farming Market Impact Analysis of Drivers and Restraints

    Figure 14. Geographic Overview of Vertical Farming Market

    Figure 15. Global Vertical Farming Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 16. Vertical Farming Market Revenue Share, by Growth Mechanism (2020 and 2028)

    Figure 17. Hydroponics: Vertical Farming Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 18. Aeroponics: Vertical Farming Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 19. Aquaponics: Vertical Farming Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 20. Vertical Farming Market Revenue Share, by Component (2020 and 2028)

    Figure 21. Lighting: Vertical Farming Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 22. Sensor: Vertical Farming Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 23. Climate Control: Vertical Farming Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 24. Irrigation Component: Vertical Farming Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 25. Building Material: Vertical Farming Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 26. Others: Vertical Farming Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 27. Global Vertical Farming Market Breakdown, by Region, 2020 & 2028 (%)

    Figure 28. North America Vertical Farming Market, Revenue and Forecast to 2028 (US$ Million)

    Figure 29. North America Vertical Farming Market Breakdown, By Growth Mechanism, 2020 & 2028 (%)

    Figure 30. North America Vertical Farming Market Breakdown, By Component, 2020 & 2028 (%)

    Figure 31. North America Vertical Farming Market Breakdown, by Country, 2020 & 2028 (%)

    Figure 32. US Vertical Farming Market, Revenue and Forecast to 2028 (US$ Million)

    Figure 33. Canada Vertical Farming Market, Revenue and Forecast to 2028 (US$ Million)

    Figure 34. Mexico Vertical Farming Market, Revenue and Forecast to 2028 (US$ Million)

    Figure 35. Europe Vertical Farming Market, Revenue and Forecast To 2028 (US$ Million)

    Figure 36. Europe Vertical Farming Market Breakdown, By Growth Mechanism, 2020 & 2028 (%)

    Figure 37. Europe Vertical Farming Market Breakdown, By Component, 2020 & 2028 (%)

    Figure 38. Europe Vertical Farming Market Breakdown, by Country, 2020 & 2028(%)

    Figure 39. Germany Vertical Farming Market, Revenue and Forecast to 2028 (US$ Million)

    Figure 40. France Vertical Farming Market, Revenue and Forecast to 2028 (US$ Million)

    Figure 41. Italy Vertical Farming Market, Revenue and Forecast to 2028 (US$ Million)

    Figure 42. UK Vertical Farming Market, Revenue and Forecast to 2028 (US$ Million)

    Figure 43. Russia Vertical Farming Market, Revenue and Forecast to 2028 (US$ Million)

    Figure 44. Rest of Europe Vertical Farming Market, Revenue and Forecast to 2028 (US$ Million)

    Figure 45. APAC Vertical Farming Market, Revenue and Forecast To 2028 (US$ Million)

    Figure 46. APAC Vertical Farming Market Breakdown, By Growth Mechanism, 2020 & 2028 (%)

    Figure 47. APAC Vertical Farming Market Breakdown, By Component, 2020 & 2028 (%)

    Figure 48. APAC Vertical Farming Market Breakdown, by Country, 2020 & 2028 (%)

    Figure 49. China Vertical Farming Market, Revenue and Forecast To 2028 (US$ Million)

    Figure 50. India Vertical Farming Market, Revenue and Forecast To 2028 (US$ Million)

    Figure 51. Japan Vertical Farming Market, Revenue and Forecast To 2028 (US$ Million)

    Figure 52. South Korea Vertical Farming Market, Revenue and Forecast To 2028 (US$ Million)

    Figure 53. Australia Vertical Farming Market, Revenue and Forecast To 2028 (US$ Million)

    Figure 54. Rest of APAC Vertical Farming Market, Revenue and Forecast To 2028 (US$ Million)

    Figure 55. MEA Vertical Farming Market, Revenue and Forecast to 2028 (US$ Million)

    Figure 56. MEA Vertical Farming Market Breakdown, By Growth Mechanism, 2020 & 2028 (%)

    Figure 57. MEA Vertical Farming Market Breakdown, By Component, 2020 & 2028 (%)

    Figure 58. MEA Vertical Farming Market Breakdown, By Country, 2020 & 2028 (%)

    Figure 59. Saudi Arabia Vertical Farming Market, Revenue and Forecast To 2028 (US$ Million)

    Figure 60. UAE Vertical Farming Market, Revenue and Forecast To 2028 (US$ Million)

    Figure 61. South Africa Vertical Farming Market, Revenue and Forecast To 2028 (US$ Million)

    Figure 62. Rest of MEA Vertical Farming Market, Revenue and Forecast To 2028 (US$ Million)

    Figure 63. SAM Vertical Farming Market, Revenue and Forecast To 2028 (US$ Million)

    Figure 64. SAM Vertical Farming Market Breakdown, By Growth Mechanism, 2020 & 2028 (%)

    Figure 65. SAM Vertical Farming Market Breakdown, By Component, 2020 & 2028 (%)

    Figure 66. SAM Vertical Farming Market Breakdown, by Country, 2020 & 2028 (%)

    Figure 67. Brazil Vertical Farming Market, Revenue and Forecast to 2028 (US$ Million)

    Figure 68. Argentina Vertical Farming Market, Revenue and Forecast to 2028 (US$ Million)

    Figure 69. Rest of SAM Vertical Farming Market, Revenue and Forecast to 2028 (US$ Million)

    Figure 70. Impact of COVID-19 Pandemic in North American Country Markets

    Figure 71. Impact of COVID-19 Pandemic in Europe Country Markets

    Figure 72. Impact of COVID-19 Pandemic in Asia Pacific Country Markets

    Figure 73. Impact of COVID-19 Pandemic in Middle East and Africa Country Markets

    Figure 74. Impact of COVID-19 Pandemic in South America Country Markets

    The List of Companies - Vertical Farming Market

    1. Eden Green Technology
    2. Elevate Farms Inc.
    3. iFarm
    4. OSRAM GmbH
    5. Plenty Unlimited Inc.
    6. Sky Greens
    7. Vertical Farm Systems
    8. Square Mile Farms
    9. Agrilution
    10. AeroFarms
    • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global vertical farming market.

    • 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 market, thereby allowing players across the value chain to develop effective long-term strategies.

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

    • Scrutinize in-depth global 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 client products, segmentation, pricing and distribution.
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