2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!

What Major Innovations Are Driving the Accelerated Growth of the Vertical Farming Market?

The acceleration of urban growth is predicted to fuel the expansion of the vertical farming market. The increase in urban areas expands the total cropping land while reducing the rural populace. As a result, rural residents secure a larger per-capita cropland area, leading to an enlargement of farm size. Around 80% of the global population is projected to reside in cities by 2050, with the human population having expanded by an additional three billion individuals. As per the World Economic Forum, over a third of the anticipated urban growth from now until 2050 is foreseen to be concentrated within three nations: India, China, and Nigeria. By 2050, India, China, and Nigeria are projected to add 416 million, 255 million, and 189 million urban inhabitants respectively. Thus, the surge in urbanization is a key driver for the vertical farming market.

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How Will the Growth Rate of theVertical Farming Market Impact Industry Trends by 2034?

The scale of the vertical farming market has expanded significantly in the last few years. It’s projected to increase from $7.74 billion in 2024 to $9.6 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 24.0%. The expansion during the historic phase can be linked to factors such as water shortage issues, freedom from climate and seasonal dependencies, the desire for locally grown food, increase in population, and concerns over food safety.

In the forthcoming years, it’s projected that the vertical farming market size will experience dramatic growth. The predicted value of the market will be around $21.12 billion in 2029, with a compound annual growth rate (CAGR) of 21.8%. This anticipated growth in the estimation phase may result from the amalgamation with smart cities, the introduction of vertical farming in retail spaces, initiatives aimed at education and research, widening the reach into emerging nations, and consumer inclination towards local and organic produce. Trends anticipated within the forecast period comprises tailored crop variants, partnerships within the foodservice sector, multi-tiered and stacked farming methodologies, systems for automated planting and harvesting, and the implementation of technologies such as aeroponics and hydroponics.

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What Are the Most Significant Market Trends Transforming theVertical Farming Market?

Key businesses in the vertical farming industry are concentrating on technological evolutions, such as vertical farming solutions that function within modular containers. These are specifically constructed for space and resources optimization for effectual crop growth. The practice involves cultivating crops in stacked levels within controlled settings, employing techniques like hydroponics to maximize space and encourage sustainability. For example, Growtainers, a Vertical farm enterprise based in the U.S., operating on a 30-60% lower capital expenditure compared to other farms, launched in October 2024. They excel in delivering modular farming solutions and prioritize efficient and sustainable agricultural methods. Their vertical farm operation lowers the capital expenses by 30-60% compared to traditional farms. Their unique features include a modular structure, LED lighting for energy efficiency, hydroponic systems for soil-free cultivation, automatic monitoring, sustainability protocols, all-year-round production abilities, and scalability to comply with the growing demand.

What Are the Top Market Players Propelling the Growth of theVertical Farming Industry?

Major companies operating in the vertical farming market include Philips Lighting N.V., Osram AG, Everlight Electronics Co Ltd., Infarms Indoor Forming GmbH, Spread Group GmbH, Bowery Farming Inc., Plenty Unlimited Inc., BrightFarms Inc., Mirai Co Ltd., Intelligent Growth Solutions Ltd., Freight Farms Inc., AeroFarms, General Hydroponics Inc., Agricool Group, CropOne Holdings Inc., CropOne Holdings Inc, AppHarvest Inc., Vertical Future Ltd., Valoya Inc., Kalera Public Limited Company, Agrilution Systems GmbH, American Hydroponics Inc., Square Mile Farms Ltd., Swegreen AB, Green Sense Farms Holdings Inc., Hort Americas LLC, Urban Crop Solutions, Eden Green Technology, Illumitex Inc., Heliospectra AB, Future Crops Vertical Farming B.V., Sky Urban Solutions Holding Pte Ltd.

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Which Primary Segments of the Vertical Farming Market Are Driving Growth and Industry Transformations?

The vertical farming market covered in this report is segmented –

1) By Component: Irrigation Component, Lighting, Sensor, Climate Control, Building Material, Other Components

2) By Structure: Shipping Container, Building-Based

3) By Type: Hydroponics, Aeroponics, Aquaponics

4) By Crop Type: Leafy Green, Pollinated Plants, Nutraceutical Plant

5) By Application: Indoor, Outdoor

Subsegments:

1) By Irrigation Component: Drip Irrigation Systems, Hydroponic Systems, Nutrient Delivery Systems

2) By Lighting: Led Grow Lights, High-Intensity Discharge (Hid) Lights, Fluorescent Lights

3) By Sensor: Soil Moisture Sensors, Temperature And Humidity Sensors, Light Sensors

4) By Climate Control: Hvac Systems, Dehumidifiers, Fans And Ventilation Systems

5) By Building Material: Racks And Shelving, Containers And Growing Media, Enclosures And Walls

6) By Other Components: Automation Systems, Monitoring And Control Software, Energy Management Systems

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Which Regions Are Key Players in the Growth of the #What Major Innovations Are Driving the Accelerated Growth of the Vertical Farming Market?# Market?

North America was the largest region in the vertical farming market in 2024. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the vertical farming market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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