Vertical Farming Market - Trends Forecast Till 2028

Vertical Farming Market, by Growth Mechanism (Hydroponics, Aeroponics, Aquaponics), Structure (Building-based vertical farm and Shipping container-based vertical farm) and Geography (North America, Europe, Asia-Pacific, Middle East and Africa and South America)

Published Date: December, 2021

Base Year Estimate: 2020

Report ID: D-SE-VFM-839


Number of Pages: 346

Domain: Semiconductors & Electronics

Vertical Farming Market – Trends Forecast Till 2028

The global Vertical Farming market size is projected to reach USD 9.9 billion by 2026 at a CAGR of 25.2% from USD 3.8 billion in 2021 during the forecast period 2021-2028.

The vertical farming market is primarily dominated by the building-based vertical farms’ phase as leading corporations within the market are concerned during this form of farming. Building-based vertical farms generate higher per sq. ft. revenue than shipping container-based vertical farms, because the former uses lesser capital and incurs lower in operation expenses (for identical area).

Advancements in crystal rectifier (LED) technology and high yield related to vertical farming over standard farming are a number of the factors that have supported semi-permanent growth for Vertical Farming market.

The market is seeing a decline due to the closure of multiple SMEs, provision disruptions, lockdowns, and different issues arising due to the Covid-19 pandemic. The pandemic has compelled governments worldwide to shift their focus and defrayal to the health care sector. The demand from finish users conjointly declined considerably throughout 2020.

Vertical Farming Market Research Report

In Asia Pacific, the companies involved in vertical farming are investing and expanding their operations in other countries.

Vertical Farming Market is segmented into growth mechanism, structure, and geography.

On the basis of Growth Mechanism

  • Hydroponics
  • Aeroponics
  • Aquaponics

On the basis of Structure

  • Building-based vertical farm
  • Shipping container-based vertical farm

On the basis of Region

  • Asia Pacific
  • North America
  • Europe
  • South America
  • Middle East & Africa

Insights are provided for each region and major countries within the regions

Vertical Farming Market Primary Respondent


Key Players

  • Signify
  • Osram
  • Freight Farms
  • AeroFarms
  • sky Greens
  • Spread
  • Plenty
  • Valoya
  • Everlight Electronics
  • Heliospectra AB

Recent Developments

  • Renishaw launched a new free software suite for Renishaw calibration systems at EMO 2015. The suite includes Capture and Explore, which provides data capture and analysis for the XL-80 Vertical Farming system.  
  • Carl Zeiss launched various industrial metrology products at IMTEX 2017. The product line comprises of Zeiss Stemi 508.

Reasons to Acquire

  • Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
  • Gain authentic and granular data access for Vertical Farming market so as to understand the trends and the factors involved behind changing market situations
  • Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
  • In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope


Report Feature


Market Revenue In 2021

USD 3.8 billion

Growth Rate

CAGR of 25.2% during the forecasting period, 2021-2028

Historical Data


Forecast Years


Base Year


Units Considered

Revenue in USD million and CAGR from 2021 to 2028

Report Segmentation

Growth Mechanism, Structure, and Geography

Report Attribute

Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling

Regional Level Scope

North America, Europe, Asia-Pacific, South America, and Middle East and Africa

Country Level Scope

U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe)

Companies Profiled

Signify, Osram, Freight Farms, AeroFarms, sky Greens, Spread, Plenty, Valoya, Everlight Electronics, Heliospectra AB

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