Vertical farming is an innovative and non-traditional way of agriculture which is used to obtain high quality crops, fruits or vegetables. This is usually done in vertically stacked layers, either vertically inclined surfaces or incorporated in different constructions (like in a skyscraper, utilized warehouse, or transport container). This technique is characterized with the ease of harvesting, negligible effect of climate, high yield, minimal usage of pesticides, less area requirement, and less water consumption. It facilitates huge quantity of nutritious and quality fresh food without relying on favorable weather, high water usage, skilled labor, and high soil fertility.

North America vertical farming market is expected to grow at a CAGR of 10% during the forecast period. Increasing popularity of organic food, growing urban population and decreasing arable lands are some of the important factors driving North America vertical farming market. The need for continuous crop production is another potential driver of the market. Additionally, shrinking per capita agricultural land and rapid pace of development of new farming technologies is further propelling the market. Further, factors such as growing water scarcity, increasing inclination towards environment-friendly production of fruits and vegetables, climate change, depleting ground water levels, among others would fuel growth in the market during forecast period.

North America vertical farming market is segmented based on growth mechanism, structure, offering, application, crop type, country and company. Based on growth mechanism, the market can be fragmented into aeroponics, hydroponics, aquaponics and others. The hydroponics segment is expected to hold the largest market share during forecast period owing to the lower installation cost and ease of operation. Based on structure, the market can be bifurcated into building based vertical farms and shipping container vertical farms. The shipping container vertical farms structure is expected to dominate the market owing to the fact that they are easy to transport and do not require a large piece of land or a dedicated building to start cultivating. On the basis of application, the market can be divided into indoor and outdoor. The indoor segment dominates the market during the forecast period since indoor farming requires less water and gives high yield with minimum land utilization. Additionally, the crops remain protected from the adverse climatic conditions.

The major players operating in vertical farming market are Green Spirit Farms, Aerofarms, American Hydroponics, General Hydroponics, Illumitex, Inc., Green Sense Farms, LLC, Hort Americas, LLC, Plenty Unlimited, Inc., Bowery Farming Inc., Freight Farms and others. Major companies are developing advanced technologies and launching new products in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new product developments. For instance, in March 2016, Illumitex (US) expanded its LED lighting services to six international countries in the vertical farming industry. Among the international vertical farms, Illumitex is currently working with Remy located in Israel, Asahi Techno in Japan, Agricool in France, and aquaponics start-ups in Norway and Italy.

Years considered for this report:

Historical Years: 2014-2017

Base Year: 2018

Estimated Year: 2019

Forecast Period: 2020–2024

Objective of the Study:

  • To analyze and forecast the market size of North America vertical farming market.
  • To classify and forecast North America vertical farming market based on growth mechanism, structure, offering, application, crop type, company and country distribution.
  • To identify drivers and challenges for North America vertical farming market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in North America vertical farming market.
  • To identify and analyze the profile of leading players operating in North America vertical farming market.


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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the region. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers, distribution channels and presence of all major players across the region.

TechSci Research calculated the market size of North America vertical farming market by using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.


Key Target Audience:

  • Vertical farming manufacturers and suppliers
  • Market research and consulting firms
  • Government bodies such as regulating authorities and policy makers
  • Organizations, forums and alliances related to vertical farming

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, North America Vertical Farming market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Market, By Growth Mechanism:
    • Aeroponics
    • Hydroponics
    • Aquaponics
    • Others
  • Market, By Structure:
    • Building Based Vertical Farms
    • Shipping Container Vertical Farms
  • Market, By Offering:
    • Hardware
    • Software
    • Service
  • Market, By Application:
    • Indoor
    • Outdoor
  • Market, By Crop Type:
    • Fruits
    • Vegetables & Herbs
  • Market, By Country:
    • United States
    • Canada
    • Mexico

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in North America vertical farming market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).
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In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com

1.    Product Overview

2.    Research Methodology

3.    Executive Summary

4.    Voice of Customer

5.    North America Vertical Farming Market Outlook

5.1.  Market Size & Forecast

5.1.1. By Value

5.2.  Market Share & Forecast

5.2.1. By Growth Mechanism (Aeroponics, Hydroponics, Aquaponics, Others)

5.2.2. By Structure (Building Based Vertical Farms, Shipping Container Vertical Farms)

5.2.3. By Offering (Hardware, Software, Service)

5.2.4. By Application (Indoor, Outdoor)

5.2.5. By Crop Type (Fruits, Vegetables & Herbs)

5.2.6. By Country

5.2.7. By Company (2018)

5.3.  Market Attractiveness Index

6.    United States Vertical Farming Market Outlook

6.1.  Market Size & Forecast          

6.1.1. By Value

6.2.  Market Share & Forecast

6.2.1. By Growth Mechanism

6.2.2. By Structure

6.2.3. By Application

6.2.4. By Crop Type

7.    Canada Vertical Farming Market Outlook

7.1.  Market Size & Forecast          

7.1.1. By Value

7.2.  Market Share & Forecast

7.2.1. By Growth Mechanism

7.2.2. By Structure

7.2.3. By Application

7.2.4. By Crop Type

8.    Mexico Vertical Farming Market Outlook

8.1.  Market Size & Forecast          

8.1.1. By Value

8.2.  Market Share & Forecast

8.2.1. By Growth Mechanism

8.2.2. By Structure

8.2.3. By Application

8.2.4. By Crop Type

9.    Market Dynamics

9.1.  Drivers

9.2.  Challenges

10.  Market Trends & Developments

11.  Competitive Landscape

11.1.              Competition Outlook

11.2.              Company Profiles

11.2.1.   Company Details

11.2.2.   Financials (As reported)

11.2.3.   Key Market Focus and Geographical Presence

11.2.4.   Pricing of Target Products

11.2.5.   Market positioning

11.3.              Global Players Profiled (Leading Companies)

11.3.1.   Green Spirit Farms

11.3.2.   Aerofarms

11.3.3.   American Hydroponics

11.3.4.   General Hydroponics

11.3.5.   Illumitex, Inc.

11.3.6.   Green Sense Farms, LLC

11.3.7.   Hort Americas, LLC

11.3.8.   Plenty Unlimited, Inc.

11.3.9.   Bowery Farming Inc.

11.3.10. Freight Farms

12.  Strategic Recommendations

13.  About us & Disclaimer

 (Note: The companies list can be customized based on the client requirements.)

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com