Vertical Farming Market
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The global Vertical Farming market size was reached at USD 4.39 billion in 2021 and it is expected to hit around USD 27.30 billion by 2030, growing at a CAGR of 26.08% between 2022 to 2030.
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Vertical Farming Market: Segmentation
Vertical Farming market can be segmented by Component, such as Lighting, Climate Control, Sensor, Irrigation, Others. Lighting, Climate Control is the largest segment in the market and accounted for more than 45% of the total revenue in 2021. Lighting holds a large share of the market due to the dependence of vertical farms on artificial lighting. Artificial lights proviide the sufficient light intensity required for crop growth. LED lighting systems are increasingly in demand to reduce operational costs and minimize power consumption. LED lighting systems generate less heat than conventional light sources, which makes them perfect for agriculture.
By Structure, the market is segmented into Building-Based Vertical Farm, Shipping-Container Vertical Farm. Shipping-Container is the largest segment in terms of revenue, with a share of more than 54% in 2021 and is expected to continue its dominant during the forecast period. Over the forecast period, factors such as budding technological advances and penetration of precision farming are expected to drive the shipping container segment. Due to its increasing acceptance in Japan, China, and other Asian countries, the building-based segment is the fastest-growing segment by revenue.
Crop type: Vertical farming can be used to grow a wide range of crops, including Fruits, Vegetables, & Herbs, Flowers & Ornamentals and Others. Fruits, Vegetables, & Herbs is the largest segment in the vertical farming market, which includes tomato, lettuce, bell & chili peppers, strawberry, cucumber, leafy greens (excluding lettuce), herbs, others.?The tomato segment has captured revenue share of around 24.9% of the global fruit’s vegetables, & herbs revenue in 2021.?The flowers and ornamentals segment is expected to grow at a significant CAGR through the forecast period. The market is expected to grow due to the increase in the usage of flowers and ornamentals for aesthetic and decorative purposes.
Growing Mechanism: Vertical farming can be carried out using different methods such as hydroponics, aeroponics, aquaponics. Due to the increased use of AI in neurology, which enables higher accuracy, better patient care, and high increased demand for healthy and safe food, the hydroponics segment held the largest share in 2021.?The rising innovations to improve flavors and sustainability of fruits and vegetables drive hydroponics growth. The growing innovations to expand flavors and sustainability of fruits & vegetables drive hydroponics growth. The aeroponics segment is predicted to observer significant growth over the forecast period.
Competitive Landscape Freight Farms, AeroFarms, GP Solutions, Bowery Farming are some of the leaders in Vertical farming.
List of Key Players in Global Vertical Farming Market:
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By Component
By Structure
By Growing Mechanism
By Crop Type
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6th Global Vertical Farming Show | 10th & 11th September, 2025 | Sponsorship Sales | Business Development | Market Research
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