Vertical Farming Plant Factory Market size was valued at USD 2.77 Billion in 2024 and is forecasted to grow at a CAGR of 18.7% from 2026 to 2033, reaching USD 12.77 Billion by 2033.
The global Vertical Farming Plant Factory market has been experiencing substantial growth. In 2022, the market was valued at approximately USD 461.9 million and is projected to reach USD 2,028.9 million by 2029, reflecting a compound annual growth rate (CAGR) of 23.5% during the forecast period. This growth is driven by the increasing demand for sustainable agricultural practices and the rising need for food security amid urbanization and limited arable land. The market encompasses various technologies, including hydroponics and aeroponics, which facilitate efficient crop production in controlled environments.
Regionally, North America dominated the market in 2022, accounting for over 55% of the global share, attributed to the presence of major vertical farms and the adoption of advanced technologies in the U.S. and Canada. The Asia Pacific region is anticipated to witness the highest growth rate during the forecast period, driven by factors such as high population density, decreasing arable land, and a growing preference for organic produce in countries like China, Japan, and India. Additionally, Europe is expected to showcase moderate growth, supported by increasing investments in automation and digital technologies in agriculture. citeturn0search0turn0search1turn0search4
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AeroFarms
Gotham Greens
Plenty (Bright Farms)
Lufa Farms
Beijing IEDA Protected Horticulture
Green Sense Farms
Garden Fresh Farms
Mirai
Sky Vegetables
TruLeaf
Urban Crops
Sky Greens
GreenLand
Scatil
Jingpeng
Metropolis Farms
Plantagon
Spread
Sanan Sino Science
Nongzhong Wulian
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Vertical Farming Plant Factory Market
Hydroponics
Aeroponics
Hydroponic Aeroponics
Others (E.g., aquaponics)
Leafy Greens
Fruits
Herbs
Root Vegetables
Others (E.g., flowers, microgreens)
Commercial Farming
Residential Farming
Research and Development
Educational Institutions
Component-based Systems
Integrated Systems
Mobile Vertical Farms
Container Farms
Plant Growth Lights
Control Systems
Nutrition Delivery Systems
Environmental Control Systems
Others (E.g., irrigation systems, monitoring equipment)
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Vertical Farming Plant Factory Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Vertical Farming Plant Factory Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Vertical Farming Plant Factory Market, By Type
6. Global Vertical Farming Plant Factory Market, By Application
7. Global Vertical Farming Plant Factory Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Vertical Farming Plant Factory Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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