Vertical Farming Market Trends to Witness Astonishing Growth; is Projected to Reach USD 42.5 Billion by 2032

The Vertical Farming market is expected to be driven by the demand for vertical farming in the aeroponics segment.

WILMINGTON, DE, UNITED STATES, June 23, 2025 /EINPresswire.com/ -- Allied Market Research published a report, titled, “Vertical Farming Market by Component (Irrigation Component, Lighting, Sensor, Climate Control, Building Material, and Others), Structure (Building-Based Vertical Farms and Container-Based Vertical Farms), and Growth Mechanism (Hydroponics, Aeroponics, and Aquaponics): Global Opportunity Analysis and Industry Forecast, 2023-2032”. According to the report, the global vertical farming industry generated $4.5 billion in 2022, and is projected to reach $42.5 billion by 2032, registering a CAGR of 25.5% from 2023 to 2032.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐚𝐭 https://www.alliedmarketresearch.com/request-sample/2288

(We are providing report as per your research requirement, including the Latest Industry Insight's Evolution, Potential and COVID-19 Impact Analysis)

127 – Tables
60 – Charts
300 – Pages
Prime Determinants of Growth

The vertical farming market is expected to witness notable growth owing to optimum use of vertical space and balanced energy utilization, ease of crop monitoring and harvesting and increase in popularity of organic foods. Moreover, the growth in urban population is expected to provide lucrative opportunity for the growth of the market during the forecast period. On the contrary, high initial investments limit the growth of the vertical farming market.

The Irrigation Component Segment to maintain its leadership status throughout the forecast period.

Based on component, the irrigation component segment held the highest vertical farming industry in 2022, accounting for nearly one-third of the global vertical farming market revenue and is estimated to maintain its leadership status throughout the forecast period, owing to technological advancements in drip irrigation methods to minimize water consumption due to rise in water concerns worldwide. However, Climate Control is projected to manifest the highest CAGR of 28.95% from 2023 to 2032 due to increase in demand for farming.

The building-based Vertical Farms segment to maintain its leadership status throughout the forecast period.

Based on structure, the building-based vertical farms segment held the highest market share in 2022, accounting for more than half of the global Vertical farming market revenue and is estimated to maintain its leadership status throughout the forecast period, owing to the ongoing global urbanization process. However, the Container-based Vertical Farms is projected to manifest the highest CAGR of 25.94% from 2023 to 2032.

The Hydroponics segment to maintain its leadership status throughout the forecast period.

Based on growth mechanism, the hydroponics segment held the highest market share in 2022, accounting for more than two-fifths of the global vertical farming market revenue and is estimated to maintain its leadership status throughout the forecast period, owing to growing inclination is observed towards incorporating hydroponic systems with sustainable practices like the adoption of renewable energy, water recycling, and organic nutrient management solutions, underscoring the environmental significance of hydroponics.

𝐈𝐧𝐪𝐮𝐢𝐫𝐲 𝐛𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠: https://www.alliedmarketresearch.com/purchase-enquiry/2288


North America to Maintain its Dominance by 2032

Based on region, North America held the highest market share in terms of revenue in 2022, accounting for more than two-fifths of the global Vertical farming market revenue owing to the government initiatives and cooperation from private companies along with the continuous research and development for hydroponics segment which are fueling the growth of the market in this region.

Key Industry Development

In July 2023, AeroFarms announced expansion of retail availability of its microgreens at both Walmart and Stop & Shop across the Mid-Atlantic and Northeast, respectively.
In May 2023, AeroFarms, announced national expansion with Amazon Fresh online and at all Amazon Fresh grocery store locations, known for its unique, high-tech consumer-focused grocery store experience.
In June 2023, ort Americas announced a division within the company to bring quality, technically advanced and cost-effective products to commercial greenhouse growers in Canada. It provides the best-in-class products, educating growers and continuing to research advancements in controlled environment agriculture.
Leading Market Players: -

4D Bios Inc
AeroFarms
Hort Americas
Urban Crops Solution
Am Hydro
Signify Holding,
Everlight Electronics CO., LTD.
Agrilution
GreenTech
ams-OSRAM AG
The report provides a detailed analysis of these key players of the global Vertical farming market. These players have adopted different strategies such as product launch, product development, partnership, investment, acquisition, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.

𝐋𝐈𝐌𝐈𝐓𝐄𝐃-𝐓𝐈𝐌𝐄 𝐎𝐅𝐅𝐄𝐑 – 𝐁𝐮𝐲 𝐍𝐨𝐰 & 𝐆𝐞𝐭 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 15 % 𝐃𝐢𝐬𝐜𝐨𝐮𝐧𝐭 𝐨𝐧 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 @ https://www.alliedmarketresearch.com/checkout-final/d0c5aeef7927cb5bbd2b2f7ecdb44004

Key Benefits For Stakeholders:

As per the vertical farming market outlook, this report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the vertical farming market analysis from 2022 to 2032 to identify the prevailing vertical farming market opportunities.
The vertical farming market Forecast research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the vertical farming market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global vertical farming market trends, key players, market segments, application areas, and vertical farming Market growth strategies.
Vertical Farming Key Segments:
By Component

Others
Irrigation Component
Lighting
Sensor
Climate Control
Building Material
By Structure

Building-based Vertical Farms
Container-based Vertical Farms
By Growth mechanism

Hydroponics
Aeroponics
Aquaponics
By Region

North America (U.S., Canada, Mexico)
Europe (Germany, UK, France, Spain, Italy, Rest of Europe)
Asia-Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific)
LAMEA (Brazil, Saudi Arebia, United Arab Emirates, South Africa, Rest of LAMEA)

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David Correa
Allied Market Research
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