“Vertical Farming Global Market Report 2022” from The Business Research Company provides the strategists, marketers and senior management with the critical information they need to assess the global vertical farming market.
This report focuses on vertical farming market which is experiencing strong growth. The report gives a guide to the vertical farming market which will be shaping and changing our lives over the next ten years and beyond, including the markets response to the challenge of the global pandemic.
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Where is the largest and fastest growing market for the vertical farming? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The Vertical Farming market global report” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography. It places the market within the context of the wider vertical farming market, and compares it with other markets.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, the influence of the COVID-19 virus and forecasting its growth.
- Market segmentations break down market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
- The vertical farming market section of the report gives context. It compares the vertical farming market with other segments of the vertical farming market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, vertical farming indicators comparison.
Scope
Markets Covered:
- 1) By Component: Irrigation Component; Lighting; Sensor; Climate Control; Building Material; Others
- 2) By Structure: Shipping Container; Building-Based
- 3) By Type: Hydroponics; Aeroponics; Aquaponics
- 4) By Crop Type: Leafy Green; Pollinated Plants; Nutraceutical Plant
- 5) By Application: Indoor; Outdoor
- Companies Mentioned: 4D Bios Inc.; AeroFarms; Agricool; Agrilution; American Hydroponics
- Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
- Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Executive Summary
Major players in the vertical farming market are: 4D Bios Inc., AeroFarms, Agricool, Agrilution, American Hydroponics, CropOne, Freight Farms, Green Sense Farms, Heliospectra Ab, Illumitex Inc., Infarms, Osram, Plenty Unlimited Inc., Signify Holding, Sky Greens, Spread, Square Mile Farms Ltd., Swegreen, Urban Crop Solutions, Valoya, Eden Green Technology, Gotham Greens Holdings LLC, AppHarvest, Kalera, General Hydroponics Inc., Mirai Co. Ltd., Altius Farms, Bowery Farming, Future Crops, Growpod Solutions, and Intelligent Growth Solutions.
The global vertical farming market is expected to grow from $4.21 billion in 2021 to $5.04 billion in 2022 at a compound annual growth rate (CAGR) of 19.72%. The market is expected to grow to $11.58 billion in 2026 at a CAGR of 23.15%.
The vertical farming market consists of sales of vertical farms by entities (organizations, sole traders, and partnerships) which are involved in vertical farming. Vertial farming refers to the process of cultivating vegetables in layers that are stacked vertically. Growing methods include soil, hydroponics, and aeroponics. Vertical farms try to grow food in difficult conditions, such as where arable land is less or unavailable. Using skyscraper-like architecture and many approaches, the system aids mountaintop settlements, deserts, and cities in growing various types of fruits and vegetables.
The main types of vertical farming are hydroponics, aeroponics and aquaponics. Hydroponics vertical farming refers to the cultivation of plants without using soil. Hydroponic flowers, herbs, and vegetables are planted in inert growing media into vertical farming techniques and are supplied with nutrient-rich solutions, oxygen, and water. The components of vertical farming are irrigation component, lighting, sensor, climate control, building material, and others. These have different structures such as shipping container and building-based. The various crop types are leafy green, pollinated plants and nutraceutical plant. Vertical farming has several applications such in indoor and outdoor farming.
North America was the largest region in the vertical farming market in 2021. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The rise in urbanization is expected to propel the growth of the vertical farming market. Urbanization increases the total cropland area and decreases the rural population which results in a higher per-capita cropland area of rural residents and, therefore, increased farm size. By 2050, approximately 80% of the world's population will be living in cities, and the human population will have grown by three billion people. Also, according to the World Economic Forum, it is expected that over one-third of the projected urban growth between now and 2050 will occur in just three countries: India, China, and Nigeria. India is expected to gain 416 million urban residents by 2050, China 255 million, and Nigeria 189 million. Therefore, the rise in urbanization is driving the vertical farming market.
As the vertical farming industry expands, new developing trends in the sector are emerging to keep up with the technological advancements surrounding the market. One of the latest such kinds of trends is next generation vertical farms, which are farms that make use of hi-tech growing methods to produce high quantities of crops all year round. For instance, Sweetgreen, a Swedish company that operates in the vertical farming market and offers Hyper-local leafy greens manufacturing using a digitally based in-store service, developed and debuted the 'NextGen' of super-efficient in-store vertical farms in Linkoping's Ica Maxi megastore on April 16, 2021. The company's 'Farming-as-a-Service growing' unit for leafy greens is now right at the store's door. The new vertical farm will be the largest in-store cultivation market in Scandinavia.
In October 2021, Kalera SA, a Norway-based technology-driven vertical farming company, acquired &ever GmbH, for a deal amount of $147.67 million. With this acquisition, Kalera will hold 100% of &ever's activities in Europe, Asia, and the Middle East, and will be able to spread its engineering, plant science, seed science, IT infrastructure, and back-office operations to all farms using a single platform. &ever GmbH is a Germany-based firm that combines best practices in technology, agriculture, and crop science to create indoor vertical farming, and was founded in 2015.
The countries covered in the Vertical Farming market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Table of Contents
1. Executive Summary
2. Vertical Farming Market Characteristics
3. Vertical Farming Market Trends And Strategies
4. Impact Of COVID-19 On Vertical Farming
5. Vertical Farming Market Size And Growth
- 5.1. Global Vertical Farming Historic Market, 2016-2021, $ Billion
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints On The Market
- 5.2. Global Vertical Farming Forecast Market, 2021-2026F, 2031F, $ Billion
- 5.2.1. Drivers Of The Market
- 5.2.2. Restraints On the Market
6. Vertical Farming Market Segmentation
- 6.1. Global Vertical Farming Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Irrigation Component
- Lighting
- Sensor
- Climate Control
- Building Material
- Others
- 6.2. Global Vertical Farming Market, Segmentation By Structure, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Shipping container
- Building-based
- 6.3. Global Vertical Farming Market, Segmentation By Type , Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Hydroponics
- Aeroponics
- Aquaponics
- 6.4. Global Vertical Farming Market, Segmentation By Crop Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Leafy Green
- Pollinated Plants
- Nutraceutical Plant
- 6.5. Global Vertical Farming Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Indoor
- Outdoor
7. Vertical Farming Market Regional And Country Analysis
- 7.1. Global Vertical Farming Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 7.2. Global Vertical Farming Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
8. Asia-Pacific Vertical Farming Market
- 8.1. Asia-Pacific Vertical Farming Market Overview
- Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
- 8.2. Asia-Pacific Vertical Farming Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 8.3. Asia-Pacific Vertical Farming Market, Segmentation By Type , Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
9. China Vertical Farming Market
- 9.1. China Vertical Farming Market Overview
- 9.2. China Vertical Farming Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion
- 9.3. China Vertical Farming Market, Segmentation By Type , Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion
10. India Vertical Farming Market
- 10.1. India Vertical Farming Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 10.2. India Vertical Farming Market, Segmentation By Type , Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
11. Japan Vertical Farming Market
- 11.1. Japan Vertical Farming Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 11.2. Japan Vertical Farming Market, Segmentation By Type , Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
12. Australia Vertical Farming Market
- 12.1. Australia Vertical Farming Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 12.2. Australia Vertical Farming Market, Segmentation By Type , Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
13. Indonesia Vertical Farming Market
- 13.1. Indonesia Vertical Farming Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 13.2. Indonesia Vertical Farming Market, Segmentation By Type , Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
14. South Korea Vertical Farming Market
- 14.1. South Korea Vertical Farming Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 14.2. South Korea Vertical Farming Market, Segmentation By Type , Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
15. Western Europe Vertical Farming Market
- 15.1. Western Europe Vertical Farming Market Overview
- 15.2. Western Europe Vertical Farming Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 15.3. Western Europe Vertical Farming Market, Segmentation By Type , Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
16. UK Vertical Farming Market
- 16.1. UK Vertical Farming Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 16.2. UK Vertical Farming Market, Segmentation By Type , Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
17. Germany Vertical Farming Market
- 17.1. Germany Vertical Farming Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 17.2. Germany Vertical Farming Market, Segmentation By Type , Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
18. France Vertical Farming Market
- 18.4. France Vertical Farming Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 18.5. France Vertical Farming Market, Segmentation By Type , Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
19. Eastern Europe Vertical Farming Market
- 19.1. Eastern Europe Vertical Farming Market Overview
- 19.2. Eastern Europe Vertical Farming Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 19.3. Eastern Europe Vertical Farming Market, Segmentation By Type , Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
20. Russia Vertical Farming Market
- 20.1. Russia Vertical Farming Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 20.2. Russia Vertical Farming Market, Segmentation By Type , Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
21. North America Vertical Farming Market
- 21.1. North America Vertical Farming Market Overview
- 21.2. North America Vertical Farming Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 21.3. North America Vertical Farming Market, Segmentation By Type , Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
22. USA Vertical Farming Market
- 22.1. USA Vertical Farming Market Overview
- 22.2. USA Vertical Farming Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 22.3. USA Vertical Farming Market, Segmentation By Type , Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
23. South America Vertical Farming Market
- 23.1. South America Vertical Farming Market Overview
- 23.2. South America Vertical Farming Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 23.3. South America Vertical Farming Market, Segmentation By Type , Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
24. Brazil Vertical Farming Market
- 24.1. Brazil Vertical Farming Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 24.2. Brazil Vertical Farming Market, Segmentation By Type , Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
25. Middle East Vertical Farming Market
- 25.1. Middle East Vertical Farming Market Overview
- 25.2. Middle East Vertical Farming Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 25.3. Middle East Vertical Farming Market, Segmentation By Type , Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
26. Africa Vertical Farming Market
- 26.1. Africa Vertical Farming Market Overview
- 26.2. Africa Vertical Farming Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 26.3. Africa Vertical Farming Market, Segmentation By Type , Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
27. Vertical Farming Market Competitive Landscape And Company Profiles
- 27.1. Vertical Farming Market Competitive Landscape
- 27.2. Vertical Farming Market Company Profiles
- 27.2.1. 4D Bios Inc.
- 27.2.1.1. Overview
- 27.2.1.2. Products and Services
- 27.2.1.3. Strategy
- 27.2.1.4. Financial Performance
- 27.2.2. AeroFarms
- 27.2.2.1. Overview
- 27.2.2.2. Products and Services
- 27.2.2.3. Strategy
- 27.2.2.4. Financial Performance
- 27.2.3. Agricool
- 27.2.3.1. Overview
- 27.2.3.2. Products and Services
- 27.2.3.3. Strategy
- 27.2.3.4. Financial Performance
- 27.2.4. Agrilution
- 27.2.4.1. Overview
- 27.2.4.2. Products and Services
- 27.2.4.3. Strategy
- 27.2.4.4. Financial Performance
- 27.2.5. American Hydroponics
- 27.2.5.1. Overview
- 27.2.5.2. Products and Services
- 27.2.5.3. Strategy
- 27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Vertical Farming Market
29. Vertical Farming Market Future Outlook and Potential Analysis
30. Appendix
- 30.1. Abbreviations
- 30.2. Currencies
- 30.3. Research Inquiries
- 30.4. The Business Research Company
- 30.5. Copyright And Disclaimer