Latest News- Vertical Farming Market: Tomato is expected to lead the Product segment during 2025-2029

The Vertical Farming Market is being driven by Need to meet rising demand for food products

The Vertical Farming Market is expected to grow at a CAGR of 25.2% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 13718.3 million. Vertical farming is a sustainable agricultural solution that significantly reduces the environmental footprint of traditional farming methods. By utilizing less water and eliminating the need for herbicides and pesticides through the use of aquaponics, vertical farming minimizes the ecological impact of food production. Furthermore, the controlled environment of vertical farms shields crops from pests, obviating the requirement for chemical pesticides. The aquaponics system in vertical farming also reduces the reliance on synthetic fertilizers, providing a natural alternative through the use of fish to generate nutrient-rich waste for plant growth. Overall, vertical farming represents a professional, eco-friendly, and efficient approach to modern agriculture. 

Get more information on Vertical Farming Market by requesting a sample report

Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Product
  • Tomato
  • Lettuce
  • Bell and chili pepper
  • Strawberry
  • Others
• Technique
  • Indoor vertical farming
  • Greenhouse vertical farming
  • Hybrid systems
• Component
  • Lighting systems
  • Climate control systems
  • Irrigation systems
  • Sensors and monitoring devices
  • Others
• Geography
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
  • South America
    • Brazil
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Need to meet rising demand for food products
• Growth in investments and funding in agricultural sector
• Declining arable land

However, the market also witnesses some limitations, which are as follows:

• Limitations of vertical farming
• High initial cost
• Lack of awareness and skilled labor for operating vertical farming

Benefits of Buying Global Vertical Farming Market Research Report by Technavio

Rich Experience: 20+ years leading global market research, trusted insights across industries.

Unlock Business Potential with Technavio: Maximize ROI with Technavio's tailored market research: deep dives and actionable insights.

Your Guide to Market Success: Empower your business with Technavio's market research and future-proof your decisions.

Market Scope in Vertical Farming Market Research Report

Find out which segment is leading the market by accessing the free PDF report

Research Analysis Overview

The agriculture sector is embracing vertical farming as a solution to combat climate change and optimize space utilization. This innovative approach uses LED technology and artificial intelligence for optimal growth, with pest control and energy efficiency in shipping-container vertical farms like Vertical Harvest and Aerospring Hydroponics. LED lighting systems reduce energy consumption, while these technologies minimize environmental impacts.

Market Research Overview

In the agricultural sector, the market encompasses various segments, including food and non-food products and services. The primary agricultural activities are agriculture, aquaculture, floriculture, and horticulture. Pre-production in this context refers to the initial stages of crop or species selection and land or pond preparation. Innovative farming techniques, such as vertical farming, are gaining traction in urban areas, utilizing indoor farming technologies like hydroponics and aeroponics, controlled environments, smart irrigation systems, and automated farming solutions. These sustainable farming practices contribute to urban food production and food security, offering benefits such as reduced water usage, increased crop yields, and minimized environmental impact. Vertical farming innovations, including indoor crop cultivation and vertical agriculture systems, are revolutionizing the agricultural landscape, providing efficient and effective solutions for meeting the growing demand for fresh produce in densely populated areas.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/