The Rise of Vertical Farming: A Growing Trend in Agriculture

Vertical farming is effective in ensuring stability in crop production and maintaining reliability even in adverse climatic conditions. It provides multiple benefits over the traditional farming technique, such as less use of water, the lesser need for agrochemicals, and low dependence on agricultural labor. Vertical farming makes use of metal reflectors and artificial lighting to maximize natural sunlight.

The vertical farming market is witnessing significant advancements, marked by the adoption of innovative technologies, including sensors and cameras, to increase yields and enhance resource efficiency. Vertical farming efficiently addresses the challenges of limited space and environmental constraints. It offers a reliable solution by ensuring stable crop production, even during unfavorable weather conditions. Compared to traditional farming methods, vertical farming provides numerous advantages, including reduced water usage, decreased reliance on agrochemicals, and decreased dependency on agricultural labor. As a result, vertical farming is emerging as a promising alternative to meet the growing needs of urban populations.

List of Key Players of Vertical Farming Market

  • AeroFarms (U.S.)
  • Illumitex, Inc. (U.S.)
  • American Hydroponics (U.S.)
  • Agrilution GmbH
  • Brightfarms Inc.
  • Everlight Electronics Co., Ltd.
  • Freight Farms
  • GrowUp Urban Farms Ltd.
  • Green Sense Farms, LLC
  • Vertical Farm Systems

Related Press Release@

Vertical Farming Market Report Highlights

  • The escalating production of biopharmaceutical products is anticipated to drive the market
  • The shipping container segment accounted for the largest market share in 2022. Shipping container-based farming uses less water than traditional farming with drip irrigation. Shipping containers can be easily stacked, modified, recycled, and refurbished at a lower cost. Additionally, the excess availability of unused shipping containers across the region will likely influence segment growth over the forecast period
  • The hardware segment accounted the largest market share in 2022. The hardware plays a significant role in maintaining the environment of the indoor farms. The segment is further categorized into climate control systems, lighting systems, sensors, and irrigation systems, which enables the cultivation of indoor-grown crops
  • The fruits vegetables, & herbs segment is also expected to have considerable growth over the forecast period. The increasing cultivation of commonly grown fruits and vegetables in greenhouses is driving the segment growth. Crops grown in vertical farming provide maximum profit to companies involved in their cultivation
  • Based on offering, the climate control segment is expected to witness high growth over the forecast period as the growth of crops can be controlled by monitoring and adjusting the concentrations of minerals
  • By growing mechanism, the aeroponics segment is expected to observe considerable growth over the forecast period as the aeroponics facilitate fast growth in plants (under normal conditions)
  • The North American regional market is expected to witness significant growth over the forecast period owing to the expansion of small-scale, commercial vertical farms

Request For A Free Consultation @

Vertical Farming Market Report Scope

Report Attribute


Market size value in 2023

USD 6.92 billion

Revenue forecast in 2030

USD 24.95 billion

Growth rate

CAGR of 20.1% from 2023 to 2030

Actual Data

2017 - 2023

Forecast period

2024 - 2030


Top Trends in the Future of Food:

  • AI & automation: Automated systems and robots are taking over repetitive tasks, including harvesting, planting, and monitoring plant health. This helps in increasing efficiency and reducing labor costs. Advanced data analytics and sensors enable real-time monitoring of humidity, temperature, and nutrient levels, thereby ensuring optimal plant health.
  • Integration with Renewables: Vertical farms strive to power their operations with renewable sources of energy, including solar and wind power. The integration with such renewable sources will help reduce the carbon footprint of the farms and align them with a greener food system.
  • Resource use Optimization: Advancements in aeroponics and hydroponics help minimize water consumption to a significant extent, compared to traditional methods. In addition, closed-loop systems are being formulated to capture and reuse water and essential nutrients.
  • Beyond Greens: While leafy greens are the most common vertically grown crops, research is underway to cultivate herbs, fruits, and a few flowering plants using a vertical farming approach.

Recent Developments

  • In March 2023, BrightFarms, a pioneer in the indoor farming industry, is growing by establishing four additional regional greenhouse centers that introduce sustainably farmed leafy greens to a broader audience in the Eastern and Central United States. The newly built greenhouse centers are expected to meet the rising demand for organic food and initiate distribution to retailers by 2024. With this expansion, the company is expecting 10x revenue growth by 2024.
  • In February 2023, AeroFarms and Public Investment Fund (PIF), a wealth funding body of Saudi Arabia, announced a joint venture to establish indoor vertical farms in the Middle East and Saudi Arabia.

Views: 5


You need to be a member of On Feet Nation to add comments!

Join On Feet Nation

© 2024   Created by PH the vintage.   Powered by

Badges  |  Report an Issue  |  Terms of Service