Vertical Farming Market was valued at USD XX Billion in 2022 and is projected to reach USD XX Billion by 2030, growing at a CAGR of XX% from 2024 to 2031.
Vertical Farming Market Future Scope
The vertical farming market was valued at approximately USD 4.9 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 24.8% from 2023 to 2030. This growth is driven by the increasing demand for food production in urban areas, along with advancements in agricultural technology that enable high-yield production within limited spaces. The integration of artificial intelligence (AI), automation, and hydroponics in vertical farming systems is expected to contribute significantly to this market expansion. Vertical farming is also becoming an essential component of sustainable urban agriculture, providing opportunities to reduce the carbon footprint and water usage compared to traditional farming methods.
As the demand for locally sourced and organic produce continues to rise, the vertical farming market is expected to expand further. The market will also benefit from the growing need for food security, especially in regions with limited arable land. In the coming years, vertical farming systems are anticipated to diversify with the inclusion of new crop varieties and innovative farming techniques. This will not only boost the efficiency of food production but also create new avenues for market growth. By 2030, the vertical farming market is expected to reach an estimated value of USD 32.2 billion, with the CAGR remaining steady as technological advancements and adoption rates increase globally.
Get an In-Depth Research Analysis of the Global Vertical Farming Market Size And Forecast [2024-2031]
Who are the largest Global manufacturers in the Vertical Farming Market?
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
Get Discount On The Purchase of the Global Vertical Farming Market Size And Forecast [2024-2031]
Segmentation of Vertical Farming Market-
Vertical Farming Market, By Growth Mechanism
• Aeroponics
• Hydroponics
• Aquaponics
• Others
Vertical Farming Market, By Structure
• Building-Based Vertical Farms
• Shipping Container Vertical Farms
Vertical Farming Market by Component
• Irrigation Component
• Lighting
• Building Material
• Sensor
• Climate Control
• Others
Which regions are leading the Global Vertical Farming Market?
- Global (United States, Global and Mexico)
- Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
- Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
- South America (Brazil, Argentina, Columbia, etc.)
- Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
For More Information or Query, Visit @ Vertical Farming Market Research Analysis
Detailed TOC of Global Vertical Farming Market Research Report, 2024-2031
1. Introduction of the Global Vertical Farming Market
- Overview of the Market
- Scope of Report
- Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Research
- Data Mining
- Validation
- Primary Interviews
- List of Data Sources
4. Global Vertical Farming Market Outlook
- Overview
- Market Dynamics
- Drivers
- Restraints
- Opportunities
- Porters Five Force Model
- Value Chain Analysis
5. Global Vertical Farming Market, By Type
6. Global Vertical Farming Market, By Application
7. Global Vertical Farming Market, By Geography
- Global
- Europe
- Asia Pacific
- Rest of the World
8. Global Vertical Farming Market Competitive Landscape
- Overview
- Company Market Ranking
- Key Development Strategies
9. Company Profiles
10. Appendix
About Us: Verified Market Research
Verified Market Research® stands at the forefront as a global leader in Research and Consulting, offering unparalleled analytical research solutions that empower organizations with the insights needed for critical business decisions. Celebrating 10+ years of service, VMR has been instrumental in providing founders and companies with precise, up-to-date research data.
With a team of 500+ Analysts and subject matter experts, VMR leverages internationally recognized research methodologies for data collection and analysis, covering over 15,000 high impact and niche markets. This robust team ensures data integrity and offers insights that are both informative and actionable, tailored to the strategic needs of businesses across various industries.
Contact us:
Mr. Edwyne Fernandes
Global : +1 800 7821 768
USA : +1 650 781 4080
APAC : +61 485 860 968
EU : +44 788 886 6344