The North America vertical farming market is marked by a thriving sector utilizing advanced agricultural technologies for indoor, vertically stacked crop cultivation. Utilizing soilless methods such as hydroponics or aeroponics and sophisticated LED lighting for simulated sunlight, vertical farms are integrated into urban settings, offering proximity to consumers. This approach ensures year-round crop production, diminishing reliance on seasonal variations. The market reflects a growing trend towards sustainable agriculture.
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Data Bridge Market Research analyses that the North America Vertical Farming Market was USD 7,274.17 million in 2021 and is expected to reach USD 58,250.98 million by 2029, at a CAGR of 29.7% during the forecast period of 2022-2029. Government initiatives offer policies and incentives, encouraging investment in vertical farming. This support enhances the sector's efficiency and promotes its development as a viable agricultural practice, meeting evolving food production needs.
Key Findings of the Study
Rising consumer preferences for organic products is expected to drive the market's growth rate
Growing consumer preferences for organic products propel the vertical farming market as consumers seek fresh, pesticide-free produce. Vertical farming meets this demand by providing controlled, contamination-free environments for crops. The method ensures that crops are cultivated without synthetic chemicals, aligning with consumers' desires for healthier and environmentally friendly options. This trend drives the market's expansion, emphasizing the importance of organic, high-quality produce in meeting evolving consumer expectations.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014-2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Growth Mechanism (Hydroponics, Aeroponics, Aquaponics), Structure (Shipping Containers, Building Based), Type (Bio pesticides, Bio fertilizer, Bio stimulants), Crop Type (Leafy Green, Pollinated Plants, Nutraceutical Plant), Application (Indoor, Outdoor), Component (Lighting, Hydroponic Component, Climate Control, Sensors)
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Countries Covered
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U.S., Canada and Mexico in North America
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Market Players Covered
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Deere & Company (U.S.), CropMetrics LLC (Netherlands), Trimble Navigation Limited (Australia), CropX (U.S.), AgSmarts Inc (India), AgSense, LLC (India), AGCO Corporation (Austria), DICKEY-john (U.K.), Monsanto Company (Mexico), Ag Leader Technology (U.S.) Farmers Edge (U.S.), GEOSYS (U.S.), Granular (U.S.), Gro Intelligence (U.S.), Proagrica (U.K.), Fasal (India), AGEYE Technologies (U.S.), HelioPas AI (Germany), OneSoil (Belarus)
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Segment Analysis:
The North America vertical farming market is segmented on the basis of growth mechanism, structure, type, crop type, application and component.
- On the basis of growth mechanism, the North America vertical farming market is segmented into hydroponics, aeroponics, and aquaponics
- On the basis of structure, the North America vertical farming market is segmented into shipping containers, and building based
- On the basis of type, the North America vertical farming market is segmented into bio pesticides, bio fertilizer, and bio stimulants
- On the basis of crop type, the North America vertical farming market is segmented into leafy green, pollinated plants, and nutraceutical plant
- On the basis of application, the North America vertical farming market is segmented into indoor, and outdoor
- On the basis of component, the North America vertical farming market is segmented into lighting, hydroponic component, climate control, and sensors
Major Players
Data Bridge Market Research recognizes the following companies as the major North America vertical farming market players in North America vertical farming market are Ag Leader Technology (U.S.) Farmers Edge (U.S.), GEOSYS (U.S.), Granular (U.S.), Gro Intelligence (U.S.), Proagrica (U.K.), Fasal (India), AGEYE Technologies (U.S.), HelioPas AI (Germany), OneSoil (Belarus)
Market Developments
- In 2022, Infarm stated plans for a second growing center in Kyle, expanding its presence in the U.S. The 50,000 sqft facility aims to produce an impressive 2.2 million pounds of salads annually, signaling a significant step in the company's commitment to sustainable and locally sourced vertical farming for fresh produce
- In 2021, CNH Industrial launched "AGXTEND" in Brazil, a cutting-edge digital agricultural solutions platform. Catering to diverse farmers, it upholds high standards throughout the growing cycle. Utilizing soil diagnostics and drone photos, the service-based model ensures customers pay only for services, not equipment
- In 2020, Prospera and Bayer Crop Science formed a strategic collaboration to assist Mexican farmers in meeting global digital solution demands. This collaboration empowers greenhouse vegetable growers with data insights and AI capabilities, enhancing agricultural outcomes and promoting sustainability. By leveraging technology, the collaboration addresses the evolving needs of the agricultural sector, offering valuable tools to optimize farming practices and contribute to a more sustainable future for Mexican farmers
- In 2020, Urban Fresh Farm in Dubai adopted ZipGrow Inc.'s ZipFarm technology for cultivating pesticide-free fresh herbs and leafy greens. This innovative indoor vertical hydroponic farm aims to cater to the local market's demand for high-quality produce. The successful implementation in Dubai positions Urban Fresh Farm to expand its business into other regions, leveraging ZipGrow's technology to attract a broader customer base and establish a prominent presence in the industry
Regional Analysis
Geographically, the countries covered in the North America vertical farming market report are U.S., Canada and Mexico in North America
As per Data Bridge Market Research analysis:
U.S. is the dominant country in North America vertical farming market during the forecast period 2022-2029
The U.S. dominates the North America vertical farming market, propelled by substantial investments and persistent research and development efforts in the hydroponics segment. Ongoing initiatives contribute to technological advancements, optimizing crop cultivation. This leadership positions the U.S. as a key player, driving innovation and market growth. The commitment to enhancing hydroponics techniques underscores the nation's influence in shaping the trajectory of the North America vertical farming industry.
Canada is estimated to be the fastest-growing country in North America vertical farming market during the forecast period 2022-2029
Canada is expected to dominate the North America vertical farming market, particularly in the hydroponics segment. The region has witnessed significant growth in adopting vertical farming solutions. Factors such as the demand for sustainable agriculture, controlled environments, and efficient resource utilization contribute to this surge. As Canada leads in embracing these innovations, the hydroponics sector experiences heightened adoption, reflecting the country's pivotal role in the evolving landscape of North American vertical farming.
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