Global Vertical Farming Market Trend and Development Strategy Analysis 2023-2029
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Market Analysis and Insights: Global Vertical Farming Market
The global Vertical Farming market size in 2022 is 5500.0 million US dollars, and it is expected to be XX million US dollars by 2029, with a compound annual growth rate of 19.20% expected in 2023-2029.
MARKET COMPETITIVE LANDSCAPE:
The main players in the Vertical Farming market include 4D BIOS Inc. (China), Aero Farms (U.S.), Illumine Inc. (U.S.), American Hydroponics (U.S.), and Everlight Electronics Co. Ltd. (Taiwan). The share of the top 3 players in the Vertical Farming market is XX%.
REGION SHARE:
The report covers the market size information of North America, Europe, Asia Pacific, Latin America, Middle East and Africa, and North America accounted for XX%, Europe accounted for XX% of Vertical Farming market, and Asia Pacific accounted for XX%.
SEGMENT OVERVIEW:
The report segments the market by Type and Application. Building-based Vertical Farms accounted for XX% of Vertical Farming market in 2022. Container-based Vertical Farms share of XX%.
Irrigation Component accounted for XX% of the Vertical Farming market in 2022. Lighting accounts for XX%.
With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Vertical Farming market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Vertical Farming market in terms of revenue.
On the whole, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Vertical Farming market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Vertical Farming market.
Global Vertical Farming Scope and Market Size
Vertical Farming market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Vertical Farming market will be able to gain the upper hand as they use the report as a powerful resource.
The impact of the outbreak of COVID-19 and the Russia-Ukraine War on the Vertical Farming industry is considered in the report, covering the dynamic analysis of the development of the Vertical Farming industry, including trends, technologies, opportunities, constraints. To ensure report buyers are able to gain in-depth knowledge of the market.
In the past few years, the Information Technology (IT) and Telecommunication industry has witnessed significant developments across various fronts.
5G Technology: The deployment of 5G networks has gained momentum globally. 5G offers faster speeds, lower latency, and increased network capacity compared to its predecessors, enabling transformative applications such as autonomous vehicles, Internet of Things (IoT) devices, augmented reality, and virtual reality.
Cybersecurity: With the rise in cyber threats, cybersecurity has become a critical focus area. New approaches to security, such as advanced encryption, behavioral analytics, and threat intelligence, are being implemented to protect data, networks, and systems. Additionally, privacy regulations like the EU's General Data Protection Regulation (GDPR) have prompted increased attention to data protection.
The industry continues to grow at a rapid pace, driven by the increasing integration of innovation and technology into every aspect of consumers' lives.
Key Regions Covered in This Report Are
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Spain
Nordic
Asia Pacific
China
Japan
South Korea
India
Southeast Asia
Australia
Latin America
Brazil
Mexico
Argentina
Middle East & Africa
Egypt
South Africa
UAE
Turkey
Saudi Arabia
Some of the major players operating in the global market include:
4D BIOS Inc. (China)
Aero Farms (U.S.)
Illumine Inc. (U.S.)
American Hydroponics (U.S.)
Everlight Electronics Co. Ltd. (Taiwan)
Hort Americas (U.S.)
Koninklijke Philips N.V (Netherlands)
Urban Crop Solutions (U.S.)
SKY GREENS (Singapore)
Segment by Type
Building-based Vertical Farms
Container-based Vertical Farms
Application list
Irrigation Component
Lighting
Sensor
Climate Control
Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2028)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
Table of Content
1 Vertical Farming Market Introduction and Overview
1.1 Vertical Farming Definition
1.2 Research Purposes
1.3 Report Timeline
1.4 Economic Analysis of Global Regions
1.5 Vertical Farming Industry Dynamic Analysis
1.5.1 Vertical Farming Market Trends Analysis
1.5.2 Vertical Farming Market Drivers Analysis
1.5.3 Vertical Farming Market Challenges Analysis
1.5.4 Vertical Farming Market Restraints Analysis
1.6 Inflation Analysis
1.7 The Impact of the Russian-Ukrainian War on the Market
1.8 Coronavirus Disease 2020 (COVID-19) Impact on Global
2 Global Vertical Farming Market Insights by Type
2.1 Market Size Insights by Types
2.2 Global Vertical Farming Revenue and Share by Type
3 Global Vertical Farming Market Insights by Application
3.1 Market Size Insights by Application
3.2 Global Vertical Farming Revenue and Share by Application (2018-2023)
4 Global Market Growth Insights
4.1 Global Vertical Farming Market Size (2018-2023)
4.2 Vertical Farming Growth Insights by Regions
4.2.1 Vertical Farming Market Size by Regions: 2018 VS 2023 VS 2029
4.2.2 Vertical Farming Revenue Market Size by Regions (2018-2023)
4.2.3 North America Vertical Farming Market Size (2018-2023)
4.2.4 Europe Vertical Farming Market Size (2018-2023)
4.2.5 Asia-Pacific Vertical Farming Market Size (2018-2023)
4.2.6 Latin America Vertical Farming Market Size (2018-2023)
4.2.7 Middle East & Africa Vertical Farming Market Size (2018-2023)
5 North America
5.1 North America Vertical Farming Revenue by Countries
5.1.1 North America Vertical Farming Revenue by Countries (2018-2023)
5.2 North America PEST Analysis
5.3 United States
5.4 Canada
6 Asia Pacific
6.1 Asia Pacific Vertical Farming Revenue by Countries
6.1.1 Asia Pacific Vertical Farming Revenue by Countries (2018-2023)
6.2 Asia-Pacific PEST Analysis
6.3 China
6.4 Japan
6.5 Korea
6.6 Southeast Asia
6.7 India
6.8 Australia
7 Europe
7.1 Europe Vertical Farming Revenue by Countries
7.1.1 Europe Vertical Farming Revenue by Countries (2018-2023)
7.2 Europe PEST Analysis
7.3 Germany
7.4 France
7.5 UK
7.6 Italy
7.7 Russia
7.8 Spain
7.9 Nordic
8 Latin America
8.1 Latin America Vertical Farming Revenue by Countries
8.1.1 Latin America Vertical Farming Revenue by Countries (2018-2023)
8.2 Latin America PEST Analysis
8.3 Brazil
8.4 Argentina
8.5 Mexico
9 Middle East & Africa
9.1 Middle East & Africa Vertical Farming Revenue by Countries
9.1.1 Middle East & Africa Vertical Farming Revenue by Countries (2018-2023)
9.2 Middle East & Africa PEST Analysis
9.3 Egypt
9.4 South Africa
9.5 UAE
9.6 Turkey
9.7 Saudi Arabia
10 Global Vertical Farming Market Competition, by Players
10.1 Global Vertical Farming Revenue and Market Share by Players
10.2 Market Concentration Rate
10.2.1 Top 3 Vertical Farming Players Market Share in 2022
10.2.2 Top 6 Vertical Farming Players Market Share in 2022
10.2.3 Market Competition Trend
10.3 Vertical Farming Players Head Office, Business Provided
10.4 Vertical Farming Mergers & Acquisitions
10.5 Vertical Farming New Entrants and Expansion Plans
11 Players Profiles
11.1 4D BIOS Inc. (China)
11.1.1 4D BIOS Inc. (China) Company Profile
11.1.2 Vertical Farming Product Overview
11.1.3 4D BIOS Inc. (China) Vertical Farming Market Performance (2018-2023)
11.1.4 4D BIOS Inc. (China) Business Overview
11.1.5 Recent Developments and Plans
11.2 Aero Farms (U.S.)
11.2.1 Aero Farms (U.S.) Company Profile
11.2.2 Vertical Farming Product Overview
11.2.3 Aero Farms (U.S.) Vertical Farming Market Performance (2018-2023)
11.2.4 Aero Farms (U.S.) Business Overview
11.2.5 Recent Developments and Plans
11.3 Illumine Inc. (U.S.)
11.3.1 Illumine Inc. (U.S.) Company Profile
11.3.2 Vertical Farming Product Overview
11.3.3 Illumine Inc. (U.S.) Vertical Farming Market Performance (2018-2023)
11.3.4 Illumine Inc. (U.S.) Business Overview
11.3.5 Recent Developments and Plans
11.4 American Hydroponics (U.S.)
11.4.1 American Hydroponics (U.S.) Company Profile
11.4.2 Vertical Farming Product Overview
11.4.3 American Hydroponics (U.S.) Vertical Farming Market Performance (2018-2023)
11.4.4 American Hydroponics (U.S.) Business Overview
11.4.5 Recent Developments and Plans
11.5 Everlight Electronics Co. Ltd. (Taiwan)
11.5.1 Everlight Electronics Co. Ltd. (Taiwan) Company Profile
11.5.2 Vertical Farming Product Overview
11.5.3 Everlight Electronics Co. Ltd. (Taiwan) Vertical Farming Market Performance (2018-2023)
11.5.4 Everlight Electronics Co. Ltd. (Taiwan) Business Overview
11.5.5 Recent Developments and Plans
11.6 Hort Americas (U.S.)
11.6.1 Hort Americas (U.S.) Company Profile
11.6.2 Vertical Farming Product Overview
11.6.3 Hort Americas (U.S.) Vertical Farming Market Performance (2018-2023)
11.6.4 Hort Americas (U.S.) Business Overview
11.6.5 Recent Developments and Plans
11.7 Koninklijke Philips N.V (Netherlands)
11.7.1 Koninklijke Philips N.V (Netherlands) Company Profile
11.7.2 Vertical Farming Product Overview
11.7.3 Koninklijke Philips N.V (Netherlands) Vertical Farming Market Performance (2018-2023)
11.7.4 Koninklijke Philips N.V (Netherlands) Business Overview
11.7.5 Recent Developments and Plans
11.8 Urban Crop Solutions (U.S.)
11.8.1 Urban Crop Solutions (U.S.) Company Profile
11.8.2 Vertical Farming Product Overview
11.8.3 Urban Crop Solutions (U.S.) Vertical Farming Market Performance (2018-2023)
11.8.4 Urban Crop Solutions (U.S.) Business Overview
11.8.5 Recent Developments and Plans
11.9 SKY GREENS (Singapore)
11.9.1 SKY GREENS (Singapore) Company Profile
11.9.2 Vertical Farming Product Overview
11.9.3 SKY GREENS (Singapore) Vertical Farming Market Performance (2018-2023)
11.9.4 SKY GREENS (Singapore) Business Overview
11.9.5 Recent Developments and Plans
12 Global Vertical Farming Forecast Market Insights by Type
12.1 Global Vertical Farming Revenue Market Forecast by Type (2023-2029)
13 Global Vertical Farming Forecast Market Insights by Application
13.1 Vertical Farming Revenue Market Forecast by Application (2023-2029)
14 Global Market Growth Forecast Insights
14.1 Global Vertical Farming Forecast Market Size (2023-2029)
14.2 Vertical Farming Growth Forecast Insights by Regions
14.2.1 Vertical Farming Revenue Forecast Market Size by Regions (2023-2029)
14.2.2 North America Vertical Farming Forecast Market Size (2023-2029)
14.2.3 Europe Vertical Farming Forecast Market Size (2023-2029)
14.2.4 Asia-Pacific Vertical Farming Forecast Market Size (2023-2029)
14.2.5 Latin America Vertical Farming Forecast Market Size (2023-2029)
14.2.6 Middle East & Africa Vertical Farming Forecast Market Size (2023-2029)
15 Methodology and Data Source
15.1 A Methodology
15.1.1 Research Process
15.1.2 Market Size Estimation
15.1.3 Market Breakdown and Data Triangulation
15.2 B Data Source
15.2.1 Legal Disclaimer
Tables & Figures:
List of Tables and Figures
Figure Vertical Farming Picture
Table Product Definition of Vertical Farming
Table Economic Analysis of Global Regions
Table Market Trends Analysis
Table Market Drivers Analysis
Table Market Challenges Analysis
Table Market Restraints Analysis
Table Inflation Analysis
Table The Impact of the Russian-Ukrainian War on the Market
Figure 2020 (COVID-19) Impact on Global Economic Growth 2019, 2020, 2021
Figure Population infected by the Covid-19 of Major Countries
Table Global Vertical Farming Market Size by Type (2018 VS 2023 VS 2029)
Table Global Vertical Farming Revenue by Type (2018-2023)
Table Global Vertical Farming Revenue and Share by Type (2018-2023)
Table Global Vertical Farming Market Size by Application (2018 VS 2023 VS 2029)
Table Global Vertical Farming Revenue by Application (2018-2023)
Table Global Vertical Farming Revenue Share by Application (2018-2023)
Figure Global Vertical Farming Revenue Market Size Growth (2018-2023)
Table Vertical Farming Market Size by Regions: 2018 VS 2023 VS 2029
Table Vertical Farming Revenue Market Size by Regions (2018-2023)
Table Vertical Farming Revenue and Share by Regions (2018-2023)
Figure North America Vertical Farming Market Size (2018-2023)
Figure Europe Vertical Farming Market Size (2018-2023)
Figure Asia-Pacific Vertical Farming Market Size (2018-2023)
Figure Latin America Vertical Farming Market Size (2018-2023)
Figure Middle East & Africa Vertical Farming Market Size (2018-2023)
Table North America Vertical Farming Revenue by Countries (2018-2023)
Table North America Vertical Farming Revenue and Share by Countries (2018-2023)
Table North America PEST Analysis
Figure United States Vertical Farming Revenue and Growth (2018-2023)
Figure Canada Vertical Farming Revenue and Growth (2018-2023)
Figure Canada Vertical Farming Sales and Growth (2018-2023)
Table Asia-Pacific Vertical Farming Revenue by Countries (2018-2023)
Table Asia-Pacific Vertical Farming Revenue and Share by Countries (2018-2023)
Table Asia-Pacific PEST Analysis
Figure China Vertical Farming Revenue and Growth (2018-2023)
Figure Japan Vertical Farming Revenue and Growth (2018-2023)
Figure Korea Vertical Farming Revenue and Growth (2018-2023)
Figure Southeast Asia Vertical Farming Revenue and Growth (2018-2023)
Figure India Vertical Farming Revenue and Growth (2018-2023)
Figure Australia Vertical Farming Revenue and Growth (2018-2023)
Table Europe Vertical Farming Revenue by Countries (2018-2023)
Table Europe Vertical Farming Revenue and Share by Countries (2018-2023)
Table Europe PEST Analysis
Figure Germany Vertical Farming Revenue and Growth (2018-2023)
Figure France Vertical Farming Revenue and Growth (2018-2023)
Figure UK Vertical Farming Revenue and Growth (2018-2023)
Figure Italy Vertical Farming Revenue and Growth (2018-2023)
Figure Russia Vertical Farming Revenue and Growth (2018-2023)
Figure Spain Vertical Farming Revenue and Growth (2018-2023)
Figure Nordic Vertical Farming Revenue and Growth (2018-2023)
Table Latin America Vertical Farming Revenue by Countries (2018-2023)
Table Latin America Vertical Farming Revenue and Share by Countries (2018-2023)
Table Latin America PEST Analysis
Figure Brazil Vertical Farming Revenue and Growth (2018-2023)
Figure Argentina Vertical Farming Revenue and Growth (2018-2023)
Figure Mexico Vertical Farming Revenue and Growth (2018-2023)
Table Middle East & Africa Vertical Farming Revenue by Countries (2018-2023)
Table Middle East & Africa Vertical Farming Revenue and Share by Countries (2018-2023)
Table Middle East & Africa PEST Analysis
Figure Egypt Vertical Farming Revenue and Growth (2018-2023)
Figure South Africa Vertical Farming Revenue and Growth (2018-2023)
Figure UAE Vertical Farming Revenue and Growth (2018-2023)
Figure Turkey Vertical Farming Revenue and Growth (2018-2023)
Figure Saudi Arabia Vertical Farming Revenue and Growth (2018-2023)
Table Global Vertical Farming Revenue by Players (2018-2023)
Table Global Vertical Farming Revenue Market Share by Players (2018-2023)
Figure Global Top 3 Companies Revenue Share in 2022
Figure Global Top 6 Companies Revenue Share in 2022
Table Global Vertical Farming Players Market Concentration Ratio (CR5) (2018-2023)
Table Vertical Farming Players Head Office, Business Provided
Table Mergers & Acquisitions
Table New Entrants and Expansion Plans
Table 4D BIOS Inc. (China) Profile
Table Product Overview
Table 4D BIOS Inc. (China) Vertical Farming Revenue, Gross and Gross Margin (2018-2023)
Figure 4D BIOS Inc. (China) Revenue and Growth Rate
Figure 4D BIOS Inc. (China) Revenue Market Share 2017-2022
Table Business Overview
Table Recent Developments and Plans
Table Aero Farms (U.S.) Profile
Table Product Overview
Table Aero Farms (U.S.) Vertical Farming Revenue, Gross and Gross Margin (2018-2023)
Figure Aero Farms (U.S.) Revenue and Growth Rate
Figure Aero Farms (U.S.) Revenue Market Share 2017-2022
Table Business Overview
Table Recent Developments and Plans
Table Illumine Inc. (U.S.) Profile
Table Product Overview
Table Illumine Inc. (U.S.) Vertical Farming Revenue, Gross and Gross Margin (2018-2023)
Figure Illumine Inc. (U.S.) Revenue and Growth Rate
Figure Illumine Inc. (U.S.) Revenue Market Share 2017-2022
Table Business Overview
Table Recent Developments and Plans
Table American Hydroponics (U.S.) Profile
Table Product Overview
Table American Hydroponics (U.S.) Vertical Farming Revenue, Gross and Gross Margin (2018-2023)
Figure American Hydroponics (U.S.) Revenue and Growth Rate
Figure American Hydroponics (U.S.) Revenue Market Share 2017-2022
Table Business Overview
Table Recent Developments and Plans
Table Everlight Electronics Co. Ltd. (Taiwan) Profile
Table Product Overview
Table Everlight Electronics Co. Ltd. (Taiwan) Vertical Farming Revenue, Gross and Gross Margin (2018-2023)
Figure Everlight Electronics Co. Ltd. (Taiwan) Revenue and Growth Rate
Figure Everlight Electronics Co. Ltd. (Taiwan) Revenue Market Share 2017-2022
Table Business Overview
Table Recent Developments and Plans
Table Hort Americas (U.S.) Profile
Table Product Overview
Table Hort Americas (U.S.) Vertical Farming Revenue, Gross and Gross Margin (2018-2023)
Figure Hort Americas (U.S.) Revenue and Growth Rate
Figure Hort Americas (U.S.) Revenue Market Share 2017-2022
Table Business Overview
Table Recent Developments and Plans
Table Koninklijke Philips N.V (Netherlands) Profile
Table Product Overview
Table Koninklijke Philips N.V (Netherlands) Vertical Farming Revenue, Gross and Gross Margin (2018-2023)
Figure Koninklijke Philips N.V (Netherlands) Revenue and Growth Rate
Figure Koninklijke Philips N.V (Netherlands) Revenue Market Share 2017-2022
Table Business Overview
Table Recent Developments and Plans
Table Urban Crop Solutions (U.S.) Profile
Table Product Overview
Table Urban Crop Solutions (U.S.) Vertical Farming Revenue, Gross and Gross Margin (2018-2023)
Figure Urban Crop Solutions (U.S.) Revenue and Growth Rate
Figure Urban Crop Solutions (U.S.) Revenue Market Share 2017-2022
Table Business Overview
Table Recent Developments and Plans
Table SKY GREENS (Singapore) Profile
Table Product Overview
Table SKY GREENS (Singapore) Vertical Farming Revenue, Gross and Gross Margin (2018-2023)
Figure SKY GREENS (Singapore) Revenue and Growth Rate
Figure SKY GREENS (Singapore) Revenue Market Share 2017-2022
Table Business Overview
Table Recent Developments and Plans
Table Global Vertical Farming Revenue Forecast by Type (2023-2029)
Table Global Vertical Farming Revenue and Share Forecast by Type (2023-2029)
Table Global Vertical Farming Revenue by Application (2023-2029)
Table Global Vertical Farming Revenue and Share by Application (2023-2029)
Figure Global Vertical Farming Revenue Forecast Market Size (2023-2029)
Table Vertical Farming Revenue Forecast by Regions (2023-2029)
Table Vertical Farming Revenue and Share Forecast by Regions (2023-2029)
Figure North America Vertical Farming Revenue Forecast Market Size (2023-2029)
Figure Europe Vertical Farming Revenue Forecast Market Size (2023-2029)
Figure Asia-Pacific Vertical Farming Revenue Forecast Market Size (2023-2029)
Figure Latin America Vertical Farming Revenue Forecast Market Size (2023-2029)
Figure Middle East & Africa Vertical Farming Revenue Forecast Market Size (2023-2029)
Table Research Process
Figure Bottom-up and Top-down Approaches for This Report
Research Methodology:
Global Vertical Farming Market Size Estimation
To estimate market size and trends, we use a combination of top-down and bottom-up methods. This allows us to evaluate the market from various perspectives—by company, region, product type, and end users.
Our estimates are based on actual sales data, excluding any discounts. Segment breakdowns and market shares are calculated using weighted averages based on usage rates and average prices. Regional insights are determined by how widely a product or service is adopted in each area.
Key companies are identified through secondary sources like industry reports and company filings. We then verify revenue estimates and other key data points through primary research, including interviews with industry experts, company executives, and decision-makers.
We take into account all relevant factors that could influence the market and validate our findings with real-world input. Our final insights combine both qualitative and quantitative data to provide a well-rounded view. Please note, these estimates do not account for unexpected changes such as inflation, economic downturns, or policy shifts.
Data Source
Secondary Sources
This study draws on a wide range of secondary sources, including press releases, annual reports, non-profit organizations, industry associations, government agencies, and customs data. We also referred to reputable databases and directories such as Bloomberg, Wind Info, Hoovers, Factiva, Trading Economics, Statista, and others. Additional references include investor presentations, company filings (e.g., SEC), economic data, and documents from regulatory and industry bodies.
These sources were used to gather technical and market-focused insights, identify key players, analyze market segmentation and classification, and track major trends and developments across industries.
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Primary Sources
As part of our primary research, we interviewed a variety of stakeholders from both the supply and demand sides to gather valuable qualitative and quantitative insights.
On the supply side, we spoke with product manufacturers, competitors, industry experts, research institutions, distributors, traders, and raw material suppliers. On the demand side, we engaged with business leaders, marketing and sales heads, technology and innovation directors, supply chain executives, and end users across key organizations.
These conversations helped us better understand market segmentation, pricing, applications, leading players, supply chains, demand trends, industry outlook, and key market dynamics—including risks, opportunities, barriers, and strategic developments.
Key Data Information from Primary Sources
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