1. Introduction
1.1. Market Definition & Scope
1.2. Market Ecosystem
1.3. Currency & Limitations
1.4. Key Stakeholders
2. Research Methodology
2.1. Research Approach
2.2. Data Collection & Validation Process
2.2.1. Secondary Research
2.2.2. Primary Research/Interviews with Key Opinion Leaders from the Industry
2.3. Market Sizing & Forecasting
2.3.1. Market Size Estimation Approach
2.3.2. Growth Forecast Approach
2.4. Assumptions for the Study
3. Executive Summary
3.1. Overview
3.2. Segmental Analysis
3.2.1. Vertical Farming Market Analysis, by Component
3.2.2. Vertical Farming Market Analysis, by Growth Mechanism
3.2.3. Vertical Farming Market Analysis, by Structure
3.2.4. Vertical Farming Market Analysis, by Crop Type
3.3. Vertical Farming Market Analysis, by Region
3.4. Competitive Landscape & Market Competitors
4. Market Insights
4.1. Overview
4.2. Factors Affecting Market Growth
4.2.1. Drivers
4.2.1.1. Decrease in Arable Land & Growing Need to Increase Crop Yield
4.2.1.2. Population Growth & Increasing Urbanization
4.2.1.3. Rising Demand for Chemical-free Fruits & Vegetables
4.2.1.4. Increasing Water Scarcity & Changing Climatic Conditions
4.2.2. Restraints
4.2.2.1. High Capital Investment Requirements for Implementing Large-scale Farms
4.2.2.2. Extensive Technical Knowledge Required for Efficient Farm Management
4.2.3. Opportunities
4.2.3.1. Technological Advancements in Vertical Farming
4.2.3.2. Increasing Urban Farming & Growing Consumption of Fresh Foods
4.2.4. Challenges
4.2.4.1. High Energy Consumption of Vertical Farms
4.2.4.2. Limited Types of Crops Grown
4.3. Trends
4.3.1. Increasing Emphasis on Sustainability & Reducing the Environmental Impacts of Farming
4.4. Porter’s Five Forces Analysis
4.4.1. Bargaining Power of Suppliers
4.4.2. Bargaining Power of Buyers
4.4.3. Threat of Substitutes
4.4.4. Threat of New Entrants
4.4.5. Degree of Competition
5. Vertical Farming Market Assessment—by Component
5.1. Overview
5.2. Hardware
5.2.1. Lighting
5.2.2. Irrigation Components
5.2.3. Climate Controllers
5.2.4. Sensors
5.2.5. Building Materials
5.2.6. Other Hardware
5.3. Software
5.4. Services
6. Vertical Farming Market Assessment—by Growth Mechanism
6.1. Overview
6.2. Hydroponics
6.3. Aeroponics
6.4. Aquaponics
7. Vertical Farming Market Assessment—by Structure
7.1. Overview
7.2. Building-based Vertical Farms
7.3. Shipping Container-based Vertical Farms
8. Vertical Farming Market Assessment—by Crop Type
8.1. Overview
8.2. Tomato
8.3. Berries
8.4. Lettuce & Leafy Vegetables
8.5. Pepper
8.6. Cucumber
8.7. Microgreens
8.8. Herbs
8.9. Other Crop Types
9. Vertical Farming Market Assessment—by Geography
9.1. Overview
9.2. North America
9.2.1. U.S.
9.2.2. Canada
9.3. Europe
9.3.1. Germany
9.3.2. France
9.3.3. Netherlands
9.3.4. Italy
9.3.5. Spain
9.3.6. U.K.
9.3.7. Rest of Europe
9.4. Asia-Pacific
9.4.1. China
9.4.2. Japan
9.4.3. India
9.4.4. Australia
9.4.5. South Korea
9.4.6. Rest of Asia-Pacific
9.5. Latin America
9.5.1. Brazil
9.5.2. Argentina
9.5.3. Mexico
9.5.4. Rest of Latin America
9.6. Middle East & Africa
9.6.1. UAE
9.6.2. Israel
9.6.3. Egypt
9.6.4. Rest of Middle East & Africa
10. Competition Analysis
10.1. Overview
10.2. Key Growth Strategies
10.3. Competitive Benchmarking
10.4. Competitive Dashboard
10.4.1. Industry Leaders
10.4.2. Market Differentiators
10.4.3. Vanguards
10.4.4. Emerging Companies
11. Company Profiles (Company Overview, Financial Overview, Product Portfolio, Strategic Developments, and SWOT Analysis*)
11.1. Signify Holding B.V.
11.2. Heliospectra AB.
11.3. AmHydro
11.4. Freight Farms, Inc.
11.5. Intelligent Growth Solutions Limited
11.6. Everlight Electronics Co., Ltd.
11.7. ams-OSRAM AG
11.8. Vertical Farm Systems Pty Ltd
11.9. Urban Crop Solutions BV
11.10. Vertical Future
11.11. 4D Bios Inc.
11.12. Argus Control System Ltd.
(Note: SWOT analysis will be provided for the top 5 companies.)
12. Appendix
12.1. Available Customization
12.2. Related Reports
List of Tables
Table 1 Global Vertical Farming Market, by Component, 2022-2031 (USD Million)
Table 2 Global Vertical Farming Hardware Market, by Type, 2022-2031 (USD Million)
Table 3 Global Vertical Farming Hardware Market, by Country/Region, 2022-2031 (USD Million)
Table 4 Global Vertical Farming Lighting Market, by Country/Region, 2022-2031 (USD Million)
Table 5 Global Vertical Farming Irrigation Components Market, by Country/Region, 2022-2031 (USD Million)
Table 6 Global Vertical Farming Climate Controllers Market, by Country/Region, 2022-2031 (USD Million)
Table 7 Global Vertical Farming Sensors Market, by Country/Region, 2022-2031 (USD Million)
Table 8 Global Vertical Farming Building Materials Market, by Country/Region, 2022-2031 (USD Million)
Table 9 Global Other Vertical Farming Hardware Market, by Country/Region, 2022-2031 (USD Million)
Table 10 Global Vertical Farming Software Market, by Country/Region, 2022-2031 (USD Million)
Table 11 Global Vertical Farming Services Market, by Country/Region, 2022-2031 (USD Million)
Table 12 Global Vertical Farming Market, by Growth Mechanism, 2022-2031 (USD Million)
Table 13 Global Hydroponics Market, by Country/Region, 2022–2031 (USD Million)
Table 14 Global Aeroponics Market, by Country/Region, 2022–2031 (USD Million)
Table 15 Global Aquaponics Market, by Country/Region, 2022–2031 (USD Million)
Table 16 Global Vertical Farming Market, by Structure, 2022–2031 (USD Million)
Table 17 Global Building-based Vertical Farms Market, by Country/Region, 2022–2031 (USD Million)
Table 18 Global Shipping Container-based Vertical Farms Market, by Country/Region, 2022–2031 (USD Million)
Table 19 Global Vertical Farming Market, by Crop Type, 2022-2031 (USD Million)
Table 20 Global Vertical Farming Market for Tomato, by Country/Region, 2022-2031 (USD Million)
Table 21 Global Vertical Farming Market for Berries, by Country/Region, 2022-2031 (USD Million)
Table 22 Global Vertical Farming Market for Lettuce & Leafy Vegetables, by Country/Region, 2022-2031 (USD Million)
Table 23 Global Vertical Farming Market for Pepper, by Country/Region, 2022-2031 (USD Million)
Table 24 Global Vertical Farming Market for Cucumber, by Country/Region, 2022-2031 (USD Million)
Table 25 Global Vertical Farming Market for Microgreens, by Country/Region, 2022-2031 (USD Million)
Table 26 Global Vertical Farming Market for Herbs, by Country/Region, 2022-2031 (USD Million)
Table 27 Global Vertical Farming Market for Other Crop Types, by Country/Region, 2022-2031 (USD Million)
Table 28 Vertical Farming Market, by Region, 2022-2031 (USD Million)
Table 29 North America: Vertical Farming Market, by Country, 2022-2031 (USD Million)
Table 30 North America: Vertical Farming Market, by Component, 2022–2031 (USD Million)
Table 31 North America: Vertical Farming Hardware Market, by Type, 2022–2031 (USD Million)
Table 32 North America: Vertical Farming Market, by Growth Mechanism, 2022–2031 (USD Million)
Table 33 North America: Vertical Farming Market, by Structure, 2022–2031 (USD Million)
Table 34 North America: Vertical Farming Market, by Crop Type, 2022–2031 (USD Million)
Table 35 U.S.: Vertical Farming Market, by Component, 2022–2031 (USD Million)
Table 36 U.S.: Vertical Farming Hardware Market, by Type, 2022–2031 (USD Million)
Table 37 U.S.: Vertical Farming Market, by Growth Mechanism, 2022–2031 (USD Million)
Table 38 U.S.: Vertical Farming Market, by Structure, 2022–2031 (USD Million)
Table 39 U.S.: Vertical Farming Market, by Crop Type, 2022–2031 (USD Million)
Table 40 Canada: Vertical Farming Market, by Component, 2022–2031 (USD Million)
Table 41 Canada: Vertical Farming Hardware Market, by Type, 2022–2031 (USD Million)
Table 42 Canada: Vertical Farming Market, by Growth Mechanism, 2022–2031 (USD Million)
Table 43 Canada: Vertical Farming Market, by Structure, 2022–2031 (USD Million)
Table 44 Canada: Vertical Farming Market, by Crop Type, 2022–2031 (USD Million)
Table 45 Europe: Vertical Farming Market, by Country/Region, 2022-2031 (USD Million)
Table 46 Europe: Vertical Farming Market, by Component, 2022–2031 (USD Million)
Table 47 Europe: Vertical Farming Hardware Market, by Type, 2022–2031 (USD Million)
Table 48 Europe: Vertical Farming Market, by Growth Mechanism, 2022–2031 (USD Million)
Table 49 Europe: Vertical Farming Market, by Structure, 2022–2031 (USD Million)
Table 50 Europe: Vertical Farming Market, by Crop Type, 2022–2031 (USD Million)
Table 51 Germany: Vertical Farming Market, by Component, 2022–2031 (USD Million)
Table 52 Germany: Vertical Farming Hardware Market, by Type, 2022–2031 (USD Million)
Table 53 Germany: Vertical Farming Market, by Growth Mechanism, 2022–2031 (USD Million)
Table 54 Germany: Vertical Farming Market, by Structure, 2022–2031 (USD Million)
Table 55 Germany: Vertical Farming Market, by Crop Type, 2022–2031 (USD Million)
Table 56 France: Vertical Farming Market, by Component, 2022–2031 (USD Million)
Table 57 France: Vertical Farming Hardware Market, by Type, 2022–2031 (USD Million)
Table 58 France: Vertical Farming Market, by Growth Mechanism, 2022–2031 (USD Million)
Table 59 France: Vertical Farming Market, by Structure, 2022–2031 (USD Million)
Table 60 France: Vertical Farming Market, by Crop Type, 2022–2031 (USD Million)
Table 61 Netherlands: Vertical Farming Market, by Component, 2022–2031 (USD Million)
Table 62 Netherlands: Vertical Farming Hardware Market, by Type, 2022–2031 (USD Million)
Table 63 Netherlands: Vertical Farming Market, by Growth Mechanism, 2022–2031 (USD Million)
Table 64 Netherlands: Vertical Farming Market, by Structure, 2022–2031 (USD Million)
Table 65 Netherlands: Vertical Farming Market, by Crop Type, 2022–2031 (USD Million)
Table 66 Italy: Vertical Farming Market, by Component, 2022–2031 (USD Million)
Table 67 Italy: Vertical Farming Hardware Market, by Type, 2022–2031 (USD Million)
Table 68 Italy: Vertical Farming Market, by Growth Mechanism, 2022–2031 (USD Million)
Table 69 Italy: Vertical Farming Market, by Structure, 2022–2031 (USD Million)
Table 70 Italy: Vertical Farming Market, by Crop Type, 2022–2031 (USD Million)
Table 71 Spain: Vertical Farming Market, by Component, 2022–2031 (USD Million)
Table 72 Spain: Vertical Farming Hardware Market, by Type, 2022–2031 (USD Million)
Table 73 Spain: Vertical Farming Market, by Growth Mechanism, 2022–2031 (USD Million)
Table 74 Spain: Vertical Farming Market, by Structure, 2022–2031 (USD Million)
Table 75 Spain: Vertical Farming Market, by Crop Type, 2022–2031 (USD Million)
Table 76 U.K.: Vertical Farming Market, by Component, 2022–2031 (USD Million)
Table 77 U.K.: Vertical Farming Hardware Market, by Type, 2022–2031 (USD Million)
Table 78 U.K.: Vertical Farming Market, by Growth Mechanism, 2022–2031 (USD Million)
Table 79 U.K.: Vertical Farming Market, by Structure, 2022–2031 (USD Million)
Table 80 U.K.: Vertical Farming Market, by Crop Type, 2022–2031 (USD Million)
Table 81 Rest of Europe: Vertical Farming Market, by Component, 2022–2031 (USD Million)
Table 82 Rest of Europe: Vertical Farming Hardware Market, by Type, 2022–2031 (USD Million)
Table 83 Rest of Europe: Vertical Farming Market, by Growth Mechanism, 2022–2031 (USD Million)
Table 84 Rest of Europe: Vertical Farming Market, by Structure, 2022–2031 (USD Million)
Table 85 Rest of Europe: Vertical Farming Market, by Crop Type, 2022–2031 (USD Million)
Table 86 Asia-Pacific: Vertical Farming Market, by Country/Region, 2022-2031 (USD Million)
Table 87 Asia-Pacific: Vertical Farming Market, by Component, 2022–2031 (USD Million)
Table 88 Asia-Pacific: Vertical Farming Hardware Market, by Type, 2022–2031 (USD Million)
Table 89 Asia-Pacific: Vertical Farming Market, by Growth Mechanism, 2022–2031 (USD Million)
Table 90 Asia-Pacific: Vertical Farming Market, by Structure, 2022–2031 (USD Million)
Table 91 Asia-Pacific: Vertical Farming Market, by Crop Type, 2022–2031 (USD Million)
Table 92 China: Vertical Farming Market, by Component, 2022–2031 (USD Million)
Table 93 China: Vertical Farming Hardware Market, by Type, 2022–2031 (USD Million)
Table 94 China: Vertical Farming Market, by Growth Mechanism, 2022–2031 (USD Million)
Table 95 China: Vertical Farming Market, by Structure, 2022–2031 (USD Million)
Table 96 China: Vertical Farming Market, by Crop Type, 2022–2031 (USD Million)
Table 97 India: Vertical Farming Market, by Component, 2022–2031 (USD Million)
Table 98 India: Vertical Farming Hardware Market, by Type, 2022–2031 (USD Million)
Table 99 India: Vertical Farming Market, by Growth Mechanism, 2022–2031 (USD Million)
Table 100 India: Vertical Farming Market, by Structure, 2022–2031 (USD Million)
Table 101 India: Vertical Farming Market, by Crop Type, 2022–2031 (USD Million)
Table 102 Japan: Vertical Farming Market, by Component, 2022–2031 (USD Million)
Table 103 Japan: Vertical Farming Hardware Market, by Type, 2022–2031 (USD Million)
Table 104 Japan: Vertical Farming Market, by Growth Mechanism, 2022–2031 (USD Million)
Table 105 Japan: Vertical Farming Market, by Structure, 2022–2031 (USD Million)
Table 106 Japan: Vertical Farming Market, by Crop Type, 2022–2031 (USD Million)
Table 107 Australia: Vertical Farming Market, by Component, 2022–2031 (USD Million)
Table 108 Australia: Vertical Farming Hardware Market, by Type, 2022–2031 (USD Million)
Table 109 Australia: Vertical Farming Market, by Growth Mechanism, 2022–2031 (USD Million)
Table 110 Australia: Vertical Farming Market, by Structure, 2022–2031 (USD Million)
Table 111 Australia: Vertical Farming Market, by Crop Type, 2022–2031 (USD Million)
Table 112 South Korea: Vertical Farming Market, by Component, 2022–2031 (USD Million)
Table 113 South Korea: Vertical Farming Hardware Market, by Type, 2022–2031 (USD Million)
Table 114 South Korea: Vertical Farming Market, by Growth Mechanism, 2022–2031 (USD Million)
Table 115 South Korea: Vertical Farming Market, by Structure, 2022–2031 (USD Million)
Table 116 South Korea: Vertical Farming Market, by Crop Type, 2022–2031 (USD Million)
Table 117 Rest of Asia-Pacific: Vertical Farming Market, by Component, 2022–2031 (USD Million)
Table 118 Rest of Asia-Pacific: Vertical Farming Hardware Market, by Type, 2022–2031 (USD Million)
Table 119 Rest of Asia-Pacific: Vertical Farming Market, by Growth Mechanism, 2022–2031 (USD Million)
Table 120 Rest of Asia-Pacific: Vertical Farming Market, by Structure, 2022–2031 (USD Million)
Table 121 Rest of Asia-Pacific: Vertical Farming Market, by Crop Type, 2022–2031 (USD Million)
Table 122 Latin America: Vertical Farming Market, by Country/Region, 2022-2031 (USD Million)
Table 123 Latin America: Vertical Farming Market, by Component, 2022–2031 (USD Million)
Table 124 Latin America: Vertical Farming Hardware Market, by Type, 2022–2031 (USD Million)
Table 125 Latin America: Vertical Farming Market, by Growth Mechanism, 2022–2031 (USD Million)
Table 126 Latin America: Vertical Farming Market, by Structure, 2022–2031 (USD Million)
Table 127 Latin America: Vertical Farming Market, by Crop Type, 2022–2031 (USD Million)
Table 128 Brazil: Vertical Farming Market, by Component, 2022–2031 (USD Million)
Table 129 Brazil: Vertical Farming Hardware Market, by Type, 2022–2031 (USD Million)
Table 130 Brazil: Vertical Farming Market, by Growth Mechanism, 2022–2031 (USD Million)
Table 131 Brazil: Vertical Farming Market, by Structure, 2022–2031 (USD Million)
Table 132 Brazil: Vertical Farming Market, by Crop Type, 2022–2031 (USD Million)
Table 133 Argentina: Vertical Farming Market, by Component, 2022–2031 (USD Million)
Table 134 Argentina: Vertical Farming Hardware Market, by Type, 2022–2031 (USD Million)
Table 135 Argentina: Vertical Farming Market, by Growth Mechanism, 2022–2031 (USD Million)
Table 136 Argentina: Vertical Farming Market, by Structure, 2022–2031 (USD Million)
Table 137 Argentina: Vertical Farming Market, by Crop Type, 2022–2031 (USD Million)
Table 138 Mexico: Vertical Farming Market, by Component, 2022–2031 (USD Million)
Table 139 Mexico: Vertical Farming Hardware Market, by Type, 2022–2031 (USD Million)
Table 140 Mexico: Vertical Farming Market, by Growth Mechanism, 2022–2031 (USD Million)
Table 141 Mexico: Vertical Farming Market, by Structure, 2022–2031 (USD Million)
Table 142 Mexico: Vertical Farming Market, by Crop Type, 2022–2031 (USD Million)
Table 143 Rest of Latin America: Vertical Farming Market, by Component, 2022–2031 (USD Million)
Table 144 Rest of Latin America: Vertical Farming Hardware Market, by Type, 2022–2031 (USD Million)
Table 145 Rest of Latin America: Vertical Farming Market, by Growth Mechanism, 2022–2031 (USD Million)
Table 146 Rest of Latin America: Vertical Farming Market, by Structure, 2022–2031 (USD Million)
Table 147 Rest of Latin America: Vertical Farming Market, by Crop Type, 2022–2031 (USD Million)
Table 148 Middle East & Africa: Vertical Farming Market, by Country/Region, 2022-2031 (USD Million)
Table 149 Middle East & Africa: Vertical Farming Market, by Component, 2022–2031 (USD Million)
Table 150 Middle East & Africa: Vertical Farming Hardware Market, by Type, 2022–2031 (USD Million)
Table 151 Middle East & Africa: Vertical Farming Market, by Growth Mechanism, 2022–2031 (USD Million)
Table 152 Middle East & Africa: Vertical Farming Market, by Structure, 2022–2031 (USD Million)
Table 153 Middle East & Africa: Vertical Farming Market, by Crop Type, 2022–2031 (USD Million)
Table 154 UAE: Vertical Farming Market, by Component, 2022–2031 (USD Million)
Table 155 UAE: Vertical Farming Hardware Market, by Type, 2022–2031 (USD Million)
Table 156 UAE: Vertical Farming Market, by Growth Mechanism, 2022–2031 (USD Million)
Table 157 UAE: Vertical Farming Market, by Structure, 2022–2031 (USD Million)
Table 158 UAE: Vertical Farming Market, by Crop Type, 2022–2031 (USD Million)
Table 159 Israel: Vertical Farming Market, by Component, 2022–2031 (USD Million)
Table 160 Israel: Vertical Farming Hardware Market, by Type, 2022–2031 (USD Million)
Table 161 Israel: Vertical Farming Market, by Growth Mechanism, 2022–2031 (USD Million)
Table 162 Israel: Vertical Farming Market, by Structure, 2022–2031 (USD Million)
Table 163 Israel: Vertical Farming Market, by Crop Type, 2022–2031 (USD Million)
Table 164 Egypt: Vertical Farming Market, by Component, 2022–2031 (USD Million)
Table 165 Egypt: Vertical Farming Hardware Market, by Type, 2022–2031 (USD Million)
Table 166 Egypt: Vertical Farming Market, by Growth Mechanism, 2022–2031 (USD Million)
Table 167 Egypt: Vertical Farming Market, by Structure, 2022–2031 (USD Million)
Table 168 Egypt: Vertical Farming Market, by Crop Type, 2022–2031 (USD Million)
Table 169 Rest of Middle East & Africa: Vertical Farming Market, by Component, 2022–2031 (USD Million)
Table 170 Rest of Middle East & Africa: Vertical Farming Hardware Market, by Type, 2022–2031 (USD Million)
Table 171 Rest of Middle East & Africa: Vertical Farming Market, by Growth Mechanism, 2022–2031 (USD Million)
Table 172 Rest of Middle East & Africa: Vertical Farming Market, by Structure, 2022–2031 (USD Million)
Table 173 Rest of Middle East & Africa: Vertical Farming Market, by Crop Type, 2022–2031 (USD Million)
Table 174 Recent Developments, by Company (2020–2024)
List of Figures
Figure 1 Research Process
Figure 2 Secondary Sources Referenced for the Study
Figure 3 Primary Research Techniques
Figure 4 Key Executives Interviewed
Figure 5 Breakdown of Primary Interviews (Supply-side & Demand-side)
Figure 6 Market Sizing & Growth Forecast Approach
Figure 7 The Hardware Segment to Dominate the Global Vertical Farming Market in 2024
Figure 8 The Hydroponics Segment to Dominate the Global Vertical Farming Market in 2024
Figure 9 The Shipping Container-based Vertical Farms Segment to Dominate the Global Vertical Farming Market in 2024
Figure 10 The Tomato Segment to Dominate the Global Vertical Farming Market in 2024
Figure 11 North America to Dominate the Global Vertical Farming Market in 2024
Figure 12 Impact Analysis of Market Dynamics
Figure 13 Vertical Farming Market: Porter’s Five Forces Analysis
Figure 14 Global Vertical Farming Market, by Component, 2024 Vs. 2031 (USD Million)
Figure 15 Global Vertical Farming Market, by Growth Mechanism, 2024 Vs. 2031 (USD Million)
Figure 16 Global Vertical Farming Market, by Structure, 2024 Vs. 2031 (USD Million)
Figure 17 Global Vertical Farming Market, by Crop Type, 2024 Vs. 2031 (USD Million)
Figure 18 North America: Vertical Farming Market Snapshot (2024)
Figure 19 Europe: Vertical Farming Market Snapshot (2024)
Figure 20 Asia-Pacific: Vertical Farming Market Snapshot (2024)
Figure 21 Latin America: Vertical Farming Market Snapshot (2024)
Figure 22 Middle East & Africa: Vertical Farming Market Snapshot (2024)
Figure 23 Key Growth Strategies Adopted by Leading Players (2021–2024)
Figure 24 Global Vertical Farming Market: Competitive Benchmarking, by Component
Figure 25 Global Vertical Farming Market: Competitive Benchmarking, by Growth Mechanism
Figure 26 Global Vertical Farming Market: Competitive Dashboard
Figure 27 Signify Holding B.V.: Financial Overview (2023)
Figure 28 Heliospectra AB.: Financial Overview (2022)
Figure 29 Everlight Electronics Co., Ltd.: Financial Overview (2022)
Figure 30 ams-OSRAM AG: Financial Overview (2023)