Vertical Farming Market to Grow with a CAGR of 20.84% through 2030
Rising demand for healthy and safe food is
expected to drive Global Vertical Farming market in the forecast period, 2026-2030.
According to TechSci Research
report, “Vertical Farming Market -
Global Industry Size, Share, Trends, Opportunity, and Forecast, 2030F”, the Global Vertical Farming Market was valued at USD 8.18 Billion in 2024 and is expected to reach USD 25.47 Billion by 2030 with a CAGR of 20.84% during the forecast period. A significant factor fueling the
growth of the vertical farming market is decreasing arable land and rising water
crisis. The use of vertical farming is expected to expand in the next years due
to increasing demand for healthy and safe food with demand
for out-of-season food which will further fuel the expansion of component
segments and result in the growth of Global Vertical Farming market.
In October 2021 Kalera
SA, a vertical farming startup with a technological focus located in Norway
purchased &ever GmbH for USD 147.67 million. Over the anticipated timeframe,
increased customer preferences for organic and specialty products, as well as
rising demand for genetically modified seeds, will all contribute to the growth
of global vertical farming market. Furthermore, the market will
develop as a result of abandoning conventional agriculture methods and
incorporating robotics and artificial intelligence.
Browse over XX market
data Figures spread through XX Pages and an in-depth TOC on the "Global Vertical Farming Market”
Global Vertical
Farming Market is segmented into structure, growing mechanism, crop type,
component, application, regional distribution, and company.
Based on Growing Mechanism, Aeroponics is witnessing the fastest growth globally. Aeroponics involves growing plants without soil and with minimal water, where roots are suspended in the air and directly mist with a nutrient-rich solution. This method not only reduces water usage by up to 90–95% compared to traditional agriculture, as highlighted by the Food and Agriculture Organization of the United Nations (FAO), but also accelerates plant growth while significantly reducing the risk of soil-borne diseases. Such efficiency makes aeroponics a preferred mechanism in regions facing acute water scarcity and limited arable land. The rapid expansion of aeroponics is strongly supported by government initiatives that emphasize sustainable agriculture. For instance, the European Green Deal (2020) set ambitious targets to make food systems more sustainable by reducing dependency on chemical pesticides and optimizing water usage. Similarly, the U.S. Department of Agriculture (USDA) has recognized aeroponics under its Controlled Environment Agriculture (CEA) programs, granting research and funding support to promote high-tech farming methods that reduce environmental impact. In Asia-Pacific, countries such as Singapore and Japan have actively promoted aeroponic farms through urban farming policies. Singapore’s “30 by 30” food security initiative, which aims to produce 30% of its nutritional needs domestically by 2030, has directly boosted investment in aeroponics due to its high yield potential and minimal land requirements.
Based on the Region, Asia-Pacific is witnessing the fastest growth in the vertical farming market, driven by rapid urbanization, increasing population density, and a strong need to secure food supplies amid shrinking arable land. According to the United Nations (UN), Asia is home to nearly 60% of the world’s population, and the region is expected to add another 700 million people by 2050. This demographic pressure has created an urgent demand for innovative agricultural practices that can ensure food security while minimizing environmental impact. Countries such as China, Japan, Singapore, and India are leading in vertical farming adoption to meet the rising demand for fresh, pesticide-free produce in urban centers. Government initiatives play a pivotal role in fueling growth. For instance, Singapore’s “30 by 30” initiative, launched by the Singapore Food Agency, aims to produce 30% of the nation’s nutritional needs locally by 2030, with vertical farming as a cornerstone strategy. Similarly, Japan’s Ministry of Agriculture, Forestry, and Fisheries has invested in plant factory technologies, making the country one of the pioneers in large-scale vertical farming adoption. China, too, has integrated vertical farming within its smart agriculture policies to tackle land scarcity and pollution challenges.
Major companies operating
in the Global Vertical Farming Market are:
- AeroFarms
LLC
- AmHydro
- Urban
Crop Solutions
- Bowery
Farming Inc.
- Freight
Farms, Inc.
- Crop
One Holdings, Inc.
- Altius
Farms, Inc.
- Plenty
Unlimited Inc.
- Upward
Enterprises Inc.
- Intelligent
Growth Solutions Limited
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“North
America region is expected to grow at the highest rate in the global vertical
farming market during the forecast period. This
is because of the presence of major industry players, expansion of organic
product demand , increasing adoption of federal agricultural regulations and
increased food consumption and the use
of automation technology in agriculture.. Moreover, in Asia Pacific due to a lack of agricultural land
that is fertile, vertical farming is becoming more popular, which creates the potential
for urban farming,” said Mr. Karan Chechi, Research Director of TechSci
Research, a research-based global management consulting firm.
“Vertical Farming Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Structure (Building Based, Container-Based), By Growing Mechanism (Hydroponics, Aeroponics, Aquaponics), By Crop Type (Leafy Green, Pollinated Plants, Nutraceutical Plants), By Component (Lighting, Hydroponic Component, Climate Control, Sensors, Others), By Application (Indoor, Outdoor), By Region and Competition, 2020-2030F”, has evaluated the future
growth potential of global vertical farming market and provides statistics
& information on market size, structure, and future market growth. The
report intends to provide cutting-edge market intelligence and help decision-makers
take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in global vertical farming market.”
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