The Business Research Company’s report on the Vertical Farming Technology Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
What are the key drivers behind the vertical farming technology market’s growth in recent years?
The increasing demand for sustainable agricultural methods is expected to drive the vertical farming technology market going forward. Sustainable agricultural methods are practices designed to meet the food needs of the present without compromising the ability of future generations to meet their own needs. These methods focus on preserving the environment, conserving resources, and promoting social and economic equity. The rising demand for sustainable agricultural methods is fueled by the need to minimize environmental harm, conserve water and land resources, enhance food security, combat climate change, reduce chemical dependency, and promote long-term agricultural productivity. The vertical farming technology contributes significantly to the growing demand for sustainable agrarian methods by enabling high-density crop production in urban settings, utilizing less land, conserving water, reducing carbon emissions, minimizing pesticide use, and promoting year-round cultivation, all while enhancing resource efficiency and supporting local food systems. For instance, in December 2024, according to the Department for Environment, Food & Rural Affairs, a UK-based government department, across the UK, the land area covered by Agri-Environment Schemes (AES) for sustainable agriculture grew from 4.92 million hectares in 2021 to 5.87 million hectares in 2023. Therefore, the increasing demand for sustainable agricultural methods drives the vertical farming technology market.
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How does the future projection of the vertical farming technology market size compare to its historical growth?
The vertical farming technology market size has grown exponentially in recent years. It will grow from $6.27 billion in 2024 to $7.89 billion in 2025 at a compound annual growth rate (CAGR) of 25.9%. The growth in the historic period can be attributed to increasing urbanization leading to limited arable land, rising concerns over food security, government support for sustainable farming, demand for local and fresh produce, and environmental concerns over traditional farming methods.
The vertical farming technology market size is expected to see exponential growth in the next few years. It will grow to $19.67 billion in 2029 at a compound annual growth rate (CAGR) of 26.6%. The growth in the forecast period can be attributed to growth in organic food demand, the need for water conservation in agriculture, rising awareness of climate change impacts on farming, increasing popularity of urban farming solutions, and the increasing demand for year-round crop production. Major trends in the forecast period include the use of artificial intelligence in crop monitoring and yield optimization, development of energy-efficient farming systems, expansion of vertical farms in urban areas, adoption of modular and scalable farm designs, and integration of renewable energy sources.
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Which key players are shaping the future of the vertical farming technology market?
Major companies operating in the vertical farming technology market are Signify Holding, Swegreen, Bowery Farming Inc., SPREAD Co. Ltd., Cropin Technology Solutions Private Limited, Plenty Unlimited Inc., Lufa Farms, IGS Ltd., AeroFarms LLC, Freight Farms Inc., MIRAI Official HP, SANANBIO, Vertical Future Ltd., 4D Bios Inc., Grow Pod Solutions, Sky Greens, Vertical Farm Systems Pty Ltd, Eden Green Technology, Urban Crop Solutions, Hort Americas LLC, TruLeaf, Gronska Stadsodling, iFarm
What trends will propel the growth and evolution of the vertical farming technology market?
Major companies operating in the vertical farming technology market are focusing on developing innovative technologies, such as aeroponic precision growing systems, to revolutionize crop production with efficient, sustainable, and high-yield vertical farming solutions. Aeroponic precision growing systems are a type of hydroponic farming technology where plants are grown with their roots suspended in the air and periodically misted with a nutrient-rich solution. For instance, in September 2022, Innovation Agri-Tech Group (IAG), a UK-based agricultural technology company, launched the GrowFrame 360 system developed over five years of research and development. The GrowFrame 360 system is an advanced vertical farming solution for efficient, space-saving plant cultivation. It uses a modular, stackable frame to support various growing techniques, such as aeroponics or hydroponics, to maximize plant production in a compact space. The system is designed for precision growing, providing controlled environments with adjustable light, temperature, humidity, and nutrient delivery, making it ideal for urban farming, home gardening, and commercial agriculture. Its innovative design allows for 360-degree plant access, optimizing growth and yield while minimizing resource consumption.
Which regions are expected to become dominant players in the vertical farming technology market?
North America was the largest region in the vertical farming technology market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the vertical farming technology market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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What are the emerging key segments in the vertical farming technology market, and how are they evolving?
The vertical farming technology market covered in this report is segmented –
1) By Type: Indoor Farming, Outdoor Farming
2) By Installation Type: On-Site Installed, Pre-Installed
3) By Growing Technology: Hydroponic And Aeroponic Farming, Aquaponic Farming
4) By Application: Vegetable Cultivation, Fruit Planting, Other Applications
5) By End User: Agricultural Industry, Restaurants And Other Food Services, Home Users
Subsegments:
1) By Indoor Farming: Hydroponics, Aeroponics, Aquaponics, Soil-Based Vertical Farming, Hybrid Vertical Farming
2) By Outdoor Farming: Rooftop Farming, Container Farming, Greenhouse Vertical Farming
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What defines the structure and scope of the vertical farming technology market?
Vertical farming technology is an agricultural method that involves growing crops in stacked layers or vertically inclined surfaces, often in controlled indoor environments. This technology utilizes hydroponics, aeroponics, and aquaponics to grow plants without soil, maximizing space and water efficiency. Vertical farming technology enables year-round production, reduces land use, and can be implemented in urban areas, making it a sustainable solution for food production.
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