Vertical Farming Global Market is Projected to Reach $10.3 Billion by 2030: Expanding Global Population and Demand Supply Imbalance Drive Focus onto Vertical Farming

DUBLIN, July 6, 2023 /PRNewswire/ -- The "Vertical Farming: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

The global market for Vertical Farming estimated at US$3.2 Billion in the year 2022, is projected to reach a revised size of US$10.3 Billion by 2030, growing at a CAGR of 15.6% over the analysis period 2022-2030.

Lighting, one of the segments analyzed in the report, is projected to record a 15.4% CAGR and reach US$3.4 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Hydroponic Components segment is readjusted to a revised 15.1% CAGR for the next 8-year period.

The U.S. Market is Estimated at $866.1 Million, While China is Forecast to Grow at 17.9% CAGR

The Vertical Farming market in the U.S. is estimated at US$866.1 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$1.7 Billion by the year 2030 trailing a CAGR of 17.9% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 13.2% and 14% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 13.9% CAGR.

Select Competitors (Total 70 Featured) - 

• 4D Bios, Inc.
• AeroFarms LLC
• Agrilution Systems GmbH
• AMHYDRO (American Hydroponics)
• Everlight Electronics Co., Ltd.
• Freight Farms
• General Hydroponics, Inc.
• Heliospectra AB
• FarmVisionAI
• Mirai Co., Ltd.
• Osram Licht AG
• Plenty Unlimited, Inc.
• Signify Holding
• Sky Greens
• Spread Co., Ltd.
• Urban Crop Solutions
• Valoya Ltd

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Influencer Market Insights
• World Market Trajectories
• Impact of COVID-19 Pandemic and Looming Global Recession
• Vertical Farming: Turning COVID-19 Crisis into Opportunity to Satiate Changing Food Demand
• Consumer Preference for Healthy, Locally Grown Greens amid COVID-19 Benefits Vertical Farming
• Vertical Farming Emerges as Viable, Sustainable Option for Future Food Security
• Vertical Farming Draws Particular Appeal amid COVID-19 Pandemic
• An Introduction to Vertical Farming
• Global Market Prospects & Outlook
• Hydroponics: The Largest Segment
• Shipping Containers Segment Leads Vertical Farming Market
• Developing Economies to Witness High Adoption of Vertical Farming
• Competition
• Companies Invest in Vertical Farm Facilities
• Vertical Farming Players Join Fight against COVID-19 Virus
• World Brands
• Recent Market Activity
• Vertical Farming - Global Key Competitors Percentage Market Share in 2022 (E)
• Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

• Significant Benefits of Vertical Farming Technique Compared to Traditional Farming Methods Augurs Well for the Market
• Optimum Usage of Vertical Space & Energy Usage and Easy Monitoring & Harvesting of Crops: Key Benefits Driving Adoption
• Vertical Farming: A Solution to Solve Hunger in Future
• Expanding Global Population and Demand Supply Imbalance Drive Focus onto Vertical Farming
• World Population (in Thousands) by Geographic Region for the Years 2019, 2030, 2050, 2100
• Food Demand Growth Worldwide: Demand Growth in Million Tonnes for Select Foods for the Period 2008-2017 and 2018-2027
• Shortage of Arable Land and Limited Food Production Necessitate Alternate Farming Techniques, Driving Market Prospects
• Global Availability of Arable Land in Hectares Per Person for the Years 1990, 2000, 2018 and 2020
• Arable Land Worldwide as a % of Total Land Area for the Years 1990, 2000, 2018 and 2020
• Climate Change Concerns and Need for Stabilized Crop Production Turn Attention onto Vertical Farming
• Average Global Surface Temperature (In Degrees Fahrenheit) for the Years 1940, 2000 and 2020
• Rising Popularity of Organic Foods Drives Investments into Vertical Farming
• Global Organic Foods Market Size (in $ Billion) for the Years 2019, 2021, 2023 and 2025
• Reducing Operating Costs Becomes Imperative to Enhance Economic Viability of Vertical Farming
• Advancements in Gardening & Farming Technologies Propel Market Growth
• Vertical Farming Innovations to Revolutionize Agriculture
• Hydroponics: Soilless Cultivation
• Aeroponics: Soilless and Water-Efficient Cultivation
• Aquaponics: Symbiotic Closed-Cycle Plant and Fish Ecosystem
• Lokal: Ideal for Indoor Farming
• AeroFarms: An Ingenious and Innovative Vertical Farming Technology
• Plantscapers: A Food Building to Feed the Occupants
• VertiCrop: Sustainable Farming for High-Density Urban Areas
• Modular Farms: Fresh Produce From Virtually Anywhere in Any Climate
• Cubic Farming Systems: Sustainable and Automated Next-Gen Farming
• ZipGrow: Modern Farmers' Farming Solution
• Bowery: World's Most Advanced Commercial Indoor Farming Company
• Skyfarm: Vertical Farming Tower Powered by Wind
• Sky Greens: Hydraulic-Driven World's First Commercial Vertical Farm
• Automation and Data-Driven Techniques to Transform Vertical Farming Market
• Advancements in Agricultural Practices Drive Growth in Vertical Farming Market
• Rising Significance of Automation, AI & Robots for Vertical Farming
• LED Grows as the Preferred Medium of Lighting in Vertical Farming
• Advancements In Light-Emitting Diode (LED) Technology Drive Vertical Farming Market
• Opportunity Emerges from Vertical Farming of Cannabis
• Limited Varieties of Cultivable Crops through Vertical Farming Restrains Market
• Challenges Confronting Vertical Farming Market

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/ylw2fz

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