Prime agricultural land can be scarce and expensive. With worldwide population growth, the demand for both more food and more land to grow food is ever increasing. One solution to our need for more space is vertical farming, involves growing crops in controlled Vegetable Cultivation environments, with precise light, nutrients, and temperatures. In vertical farming, growing plants are stacked in layers that may reach several stories tall.
This report aims to provide a comprehensive presentation of the global market for Vertical Farming and Plant Factory, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Vertical Farming and Plant Factory. This report contains market size and forecasts of Vertical Farming and Plant Factory in global, including the following market information:
- Global Vertical Farming and Plant Factory Market Revenue, 2018-2023, 2024-2029, ($ millions)
- Global Vertical Farming and Plant Factory Market Sales, 2018-2023, 2024-2029, (MT)
Global top five Vertical Farming and Plant Factory companies in 2022 (%)
The global Vertical Farming and Plant Factory market was valued at US$ 461.9 million in 2022 and is projected to reach US$ 2028.9 million by 2029, at a CAGR of 23.5% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Global Vertical Farming and Plant Factory main players are AeroFarms, Gotham Greens, Spread, Nongzhong Wulian, etc. Global top four manufacturers hold a share about 10%. North America is the largest market, with a share over 55%.
We surveyed the Vertical Farming and Plant Factory manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Vertical Farming and Plant Factory Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (MT)
Global Vertical Farming and Plant Factory Market Segment Percentages, by Type, 2022 (%)
Global Vertical Farming and Plant Factory Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (MT)
Global Vertical Farming and Plant Factory Market Segment Percentages, by Application, 2022 (%)
- Vegetable Cultivation
- Fruit Planting
- Others
Global Vertical Farming and Plant Factory Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (MT)
Global Vertical Farming and Plant Factory Market Segment Percentages, By Region and Country, 2022 (%)
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Russia
- Nordic Countries
- Benelux
- Rest of Europe
- Asia
- China
- Japan
- South Korea
- Southeast Asia
- India
- Rest of Asia
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- Turkey
- Israel
- Saudi Arabia
- UAE
- Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
- Key companies Vertical Farming and Plant Factory revenues in global market, 2018-2023 (Estimated), ($ millions)
- Key companies Vertical Farming and Plant Factory revenues share in global market, 2022 (%)
- Key companies Vertical Farming and Plant Factory sales in global market, 2018-2023 (Estimated), (MT)
- Key companies Vertical Farming and Plant Factory sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
- AeroFarms
- Lufa Farms
- Gotham Greens
- Sky Greens
- Plenty (Bright Farms)
- Mirai
- Spread
- Scatil
- TruLeaf
- Sky Vegetables
- GreenLand
- Nongzhongwulian
- SANANBIO
- AgriGarden
Outline of Major Chapters:
- Chapter 1: Introduces the definition of Vertical Farming and Plant Factory, market overview.
- Chapter 2: Global Vertical Farming and Plant Factory market size in revenue and volume.
- Chapter 3: Detailed analysis of Vertical Farming and Plant Factory manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
- Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
- Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
- Chapter 6: Sales of Vertical Farming and Plant Factory in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
- Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
- Chapter 8: Global Vertical Farming and Plant Factory capacity by region & country.
- Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
- Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
- Chapter 11: The main points and conclusions of the report.
