Vertical Farming Market Insights, Outlook and Forecast 2020 – 2028

The study methodologies used to examine the Vertical Farming market for the forecast period, 2020 - 2028 further classifies the industry by type, geography, end-use and end-user to add more precision and bring to light factors responsible for augmenting business development.


The global Vertical Farming Market will be worth USD 11.71 Billion by 2028, according to a current analysis by Emergen Research.

The research report provides an in-depth evaluation of the Global Vertical Farming Market and helps the market participants intensify their footprints in the industry. The report gives a detailed analysis concentrated on the critical market dynamics such as drivers, restraints, trends, and growth opportunities to assist businesses to prepare for any challenges they might encounter in the forecast period. It also offers a regional analysis of the global Vertical Farming market to explore possible growth prospects available in different parts of the world. The competitive landscape is broadly evaluated alongside the company profiles of key players engaged in the global Vertical Farming market. The report offers a detailed statistical evaluation and accurate market data, viz., market share, CAGR, gross margin, revenue, consumption, production, and sales.

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Shipping container-based vertical farms held the largest market share of 63.5% in 2019 due to the scarcity of the arable lands. Moreover, the ease of transportation and less requirement of land for the installation of the shipping container is expected to drive the growth of the segment.

The hydroponics segment is forecasted to grow with the fastest CAGR of 20.2% over the forecast period due to the ease of operation and low installation cost.

The lighting segment accounted for the largest market share of the vertical farming market in 2019 as the lighting devices help in the faster growth of the plant. The LED lighting technology is increasingly being used by the horticulture farmers due to the enhanced efficiency and long lifespan of the technologically advanced LEDs.

The Asia Pacific region held the largest market share of the vertical farming market in 2019 due to the growing demand for food owing to the rising global population. The scarcity of arable lands in the densely populated countries is also a driving factor for the region's growth.

Key participants include Freight Farms, Signify, Osram, Aerofarms, BrightFarms, Everlight Electronics, HELIOSPECTRA AB, Illumitex, Inc., AGRICOOL, and SKY GREENS, among others.

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Structure Outlook (Revenue, USD Billion; 2017-2027)

  • Building-based
  • Shipping-container
  • Growth mechanisms Outlook (Revenue, USD Billion; 2017-2027)
    • Aeroponics
    • Hydroponics
    • Aquaponics
  • Offering Outlook (Revenue, USD Billion; 2017-2027)
    • Climate Control
    • Lighting
    • Hydroponic Components
    • Sensors

Regional Outlook (Revenue, USD Billion; 2017-2027)

North America (U.S., Canada)

Europe (U.K., Italy, Germany, France, Rest of EU)

Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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Here are the questions we answer...

What are the future opportunities in store for the vendors operating in the Vertical Farming market?

What does the competitive landscape look like?

Which emerging technologies are believed to impact the Vertical Farming market performance?

What are the key trends and dynamics?

Which regulations that will impact the industry?

Which segment will offer the most opportunity for growth between 2020 and 2027?

Where will most developments take place in the long term?

Who are the most prominent vendors and how much market share do they occupy?

What are the latest technologies or discoveries influencing the Vertical Farming market growth worldwide?  

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Table of Content

Chapter 1. Vertical Farming Market Methodology Sources

    1.1. Vertical Farming Market Definition

    1.2. Vertical Farming Market Research Scope

    1.3. Vertical Farming Market Methodology

    1.4. Vertical Farming Market Research Sources

          1.4.1. Primary

          1.4.2. Secondary

          1.4.3. Paid Sources

    1.5. Market Estimation Technique

Chapter 2. Executive Summary

    2.1. Summary Snapshot, 2019-2027

Chapter 3. Vertical Farming Market Key Insights

Chapter 4. Vertical Farming Market Segmentation Impact Analysis

Chapter 5. Vertical Farming Market By Products Insights Trends, Revenue (USD Million), Volume (Kilo Tons)

Chapter 6. Vertical Farming Market By Types Insights Trends, Revenue (USD Million), Volume (Kilo Tons)

Chapter 7. Vertical Farming Market By Applications Insights Trends Revenue (USD Million), Volume (Kilo Tons)

Chapter 8. Vertical Farming Market By End Use Insights Trends Revenue (USD Million), Volume (Kilo Tons)

Chapter 9. Vertical Farming Market Regional Outlook

Chapter 10. Competitive Landscape