The global Vertical Farming Market is expected to reach USD 9.9 billion by 2025 owing to rise in use of IoT (Internet of Things) for agriculture and crop production.

1. Vertical Farming Market Size, Incredible
Possibilities, Growth Analysis And Forecast To 2025
Vertical Farming Market study is providing you with the up-to-date, actionable market information and projections with
the latest impact of the Covid 19 outbreak. It offers all the requisite data to support tactical business decisions and come
up with strategic growth plans. This study also proposes a comprehensive insight into the development policies and
plans in addition to manufacturing processes and cost structures.
The global Vertical Farming Market is expected to reach USD 9.9 billion by 2025 owing to rise in use of IoT (Internet of
Things) for agriculture and crop production. A vertical farm ensures the sustainability of cities by addressing food
security to the ever-increasing population. It is rather a simple concept of urban farming. Many cities across the globe
have adopted the models of vertical farming. There can be three types or multiple models of vertical farming, viz,
vertical farming carried on old warehouses and buildings; the second type takes place on rooftops, old buildings and
residential structures and the third type takes place on multi-storeyed building, restaurants and retail stores.
The success of vertical farming is proportional to the size of vertical farming mentioned above. Vertical farming
techniques hence encourage the city dwellers to opt for eco-friendly farming practices by following correct methods of
waste disposal.
Vertical farming industry is driven by factors such as rise in automation and increasing use of big data analytics to
maximize the yield of production. Rise in urbanization and rising demand for high quality foods coupled with novel
techniques of farming is likely to fuel the market growth in the near future. Use of several mechanisms to optimize the
crop yield under suitable climatic conditions is expected to propel the market growth in the forecast period. However,
cost of investment and availability of fewer crop varieties coupled with dearth of technical proficiency are likely to
restrain the market growth in the forecast period up to 2025.
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“The global Vertical Farming Market is expected to reach USD 9.9 billion by 2025 owing to
rise in use of IoT (Internet of Things) for agriculture and crop production.”

2. Vertical farming market is segmented based on structure, which includes building-based and shipping container. By
offering, the vertical farming industry segmentation includes hydroponic components, lighting, sensors, and climate
control. By mechanism, the vertical farming market segmentation includes aeroponics, hydroponics, and aquaponics.
Hydroponic system accounts for a significant market share in the forecast period since it is widely used and it eliminates
the need for pesticides and artificial ripening agents, which further improves the nutrition in vegetables.
Geographic segmentation for vertical farming industry includes North America, Latin America, Europe, Asia-Pacific and
Middle East & Africa. Asia-Pacific vertical farming market is expected to gain a significant market share in the forecast
period due to rise in population and limited availability of fertile land. The key players in the vertical farming industry
include Bright Farms, Everlight Electronics Co Ltd, Koninklijke, Aerofarms, IllumitexInc, Sky Greens and Green Sense
Farms.
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Market Segment:
Vertical Farming Structure Outlook (Revenue, USD Million; 2014 - 2025)
• Shipping container
• Building-based
Vertical Farming Offering Outlook (Revenue, USD Million; 2014 - 2025)
• Lighting
• Hydroponic components
• Climate control
• Sensors
Vertical Farming Growing Mechanism Outlook (Revenue, USD Million; 2014 - 2025)
• Hydroponics
• Aeroponics
• Aquaponics
Vertical Farming Regional Outlook (Revenue, USD Million; 2014 - 2025)
• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• UK
• France
• Asia Pacific

3. • China
• India
• Japan
• South America
• Brazil
• Middle East and Africa (MEA)
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