Agriculture
Global Vertical Farming Market to 2032
Revenue, 2024 (USD Billion)
8,204.73
Forecast, 2032 (USD Billion)
56,609.30
CAGR, 2024 - 2032
26.84%
Report Coverage
Global
Global Vertical Farming Market 2018-2032 USD Billion
Global Vertical Farming Market, Overview (2024-2032)
Market Growth and Projections:
- Market Size (2024): 8,204.73 USD Billion
- Projected Market Size (2032): 56,609.30 USD Billion
- CAGR (2024-2032): 26.84%
Key Findings of Global Vertical Farming Market
- The Global Vertical Farming Market is likely to grow at a CAGR of 26.84% during the forecast period of 2024 to 2032.
- Global Vertical Farming Marketsize was valued at 8,204.73 USD Billion in 2024.
- In 2024, Indoor segment dominated the market with the largest market share.
- Biofertilizer in the product segment is expected to witness the fastest growth during the forecast period.
Global Vertical Farming Market Scope
Global Vertical Farming Market Segmentation & Scope
Component
- Sensors
- Climate Control
- Hydroponic Component
- Lighting
Type
- Biostimulants
- Biofertilizer
- Biopesticides
Structure
- Building Based
- Shipping Containers
Growth Mechanism
- Aquaponics
- Aeroponics
- Hydroponics
Application
- Outdoor
- Indoor
Crop Type
- Nutraceutical Plant
- Pollinated Plants
- Leafy Green
Global Vertical Farming Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2020 |
| Unit | Revenue in USD Billion |
| Market Value in 2024 | 8,204.73 USD Billion |
| Market Value in 2032 | 56,609.30 USD Billion |
| CAGR (2024-2032) | 26.84% |
| Historic Data | 2016-2023 |
| Market Segments Covered | Component,Type,Structure,Growth Mechanism,Application,Crop Type |
| Largest Segment | Indoor |
| Fastest Growing Segment | Biofertilizer |
| Major Players | Signify Holding, ams-OSRAM AG, Others, EVERLIGHT ELECTRONICS CO., LTD. |
Market Segmentation:
-
Product Segment:
- Largest Segment (2024): Indoor
- Fastest Growing Segment (2024-2032): Biofertilizer
Regional Insights:
-
Leading Market (2024-2032): Global
- Key Country: U.S., leading in terms of revenue and market share by 2032.
Global Vertical Farming Market Company Share Analysis
| Name | Market Share | OwnnerShip | HQ | Website |
|---|---|---|---|---|
| Signify Holding | 1,944.00 | public/listed | Massachusetts | www.astrazeneca.com |
| ams-OSRAM AG | 1,944.00 | public/listed | Massachusetts | www.astrazeneca.com |
| Others | 1,944.00 | public/listed | Massachusetts | www.astrazeneca.com |
| EVERLIGHT ELECTRONICS CO. | 1,944.00 | public/listed | Massachusetts | www.astrazeneca.com |
| LTD. | 1,944.00 | public/listed | Massachusetts | www.astrazeneca.com |
Global Vertical Farming Market Geographical Sales Distribution, 2018-2032 USD Billion
Global Vertical Farming Market Company Profiling
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Molnlycke Health Care | View profile | 5001-10000 | Gothenburg, Vastra Gotaland, Sweden, Europe | www.molnlycke.com |
| Molnlycke Health Care | View profile | 5001-10000 | Gothenburg, Vastra Gotaland, Sweden, Europe | www.molnlycke.com |
| Molnlycke Health Care | View profile | 5001-10000 | Gothenburg, Vastra Gotaland, Sweden, Europe | www.molnlycke.com |
Frequently Asked Questions
The Global Vertical Farming Market is segmented based on Segmentation Component,Type,Structure,Growth Mechanism,Application,Crop Type.
Global Vertical Farming Market was valued at USD 8,204.73(Revenue in USD Billion) in 2020.
Global Vertical Farming Market is projected to grow at a CAGR of 26.84% during the forecast period of 2024 to 2032.
The estimated market value of the Global Vertical Farming Market for final year is USD 56,609.30 (USD Billion).
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