Vertical Farming Market Size, Share, Growth, Trends, and Global Industry Analysis: By Component (Lighting, Hydroponic Components, Climate Control, Sensors Others) Structure (Shipping Container, Building-based) Mechanism (Hydroponics, Aeroponics, Aquaponics) Crop Type (Fruits and Vegetables, Leafy Greens, Nutraceutical Plants Others) and Region

Vertical Farming Market size was valued at US$ 4.7 billion in 2023 and is expected to reach US$ 16.7 billion by 2030, at a CAGR of 23.3% from 2024-2030. Due to the increase in population lead to increase in demand for food, lower dependency of farming on weather conditions, lesser use of water for cultivation of crops, ability to produce high quality crops throughout the year. Moreover, the increase in adaptation of vertical farming through which organic and chemical free crops can be grown in artificially controlled environments is driving the growth of the global market over the forecast timeframe.

Vertical farming is the process of growing vegetables and food on vertically inclined surfaces rather than on a single level, such as in a field or a greenhouse. Foods are manufactured in vertically stacked layers in this technology, which is typically integrated into other structures like a skyscraper, cargo container, or old warehouse. Modern vertical farming concepts emphasise the use of indoor farming techniques and controlled-environment agriculture (CEA) technologies to regulate all environmental conditions. Producing meals and vegetables indoors is possible thanks to the artificial regulation of light, temperature, humidity, and gases. Vertical farming's main purpose is to enhance crop yield in a controlled environment. The report studies global vertical farming market dynamics elaborately to indentify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market.

In addition, global market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product Opportunities).