Prime agricultural land can be scarce and expensive. With worldwide population growth, the demand for both more food and more land to grow food is ever increasing. One solution to our need for more space is vertical farming, involves growing crops in controlled Vegetable Cultivation environments, with precise light, nutrients, and temperatures. In vertical farming, growing plants are stacked in layers that may reach several stories tall.
Vertical Farming and Plant Factory Market contains market size and forecasts of Vertical Farming and Plant Factory in global, including the following market information:
- Global Vertical Farming and Plant Factory Market Revenue, 2017-2022, 2023-2028, ($ millions)
- Global Vertical Farming and Plant Factory Market Sales, 2017-2022, 2023-2028, (MT)
Global top five Vertical Farming and Plant Factory companies in 2021 (%)
The global Vertical Farming and Plant Factory market was valued at 461.9 million in 2021 and is projected to reach US$ 2028.9 million by 2028, at a CAGR of 23.5% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Hydroponics Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Vertical Farming and Plant Factory include AeroFarms, Lufa Farms, Gotham Greens, Sky Greens, Plenty (Bright Farms), Mirai, Spread, Scatil and TruLeaf, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
We surveyed the Vertical Farming and Plant Factory manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Vertical Farming and Plant Factory Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (MT)
Global Vertical Farming and Plant Factory Market Segment Percentages, by Type, 2021 (%)
Global Vertical Farming and Plant Factory Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (MT)
Global Vertical Farming and Plant Factory Market Segment Percentages, by Application, 2021 (%)
- Vegetable Cultivation
- Fruit Planting
- Others
Global Vertical Farming and Plant Factory Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (MT)
Global Vertical Farming and Plant Factory Market Segment Percentages, By Region and Country, 2021 (%)
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Russia
- Nordic Countries
- Benelux
- Rest of Europe
- Asia
- China
- Japan
- South Korea
- Southeast Asia
- India
- Rest of Asia
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- Turkey
- Israel
- Saudi Arabia
- UAE
- Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
- Key companies Vertical Farming and Plant Factory revenues in global market, 2017-2022 (Estimated), ($ millions)
- Key companies Vertical Farming and Plant Factory revenues share in global market, 2021 (%)
- Key companies Vertical Farming and Plant Factory sales in global market, 2017-2022 (Estimated), (MT)
- Key companies Vertical Farming and Plant Factory sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
- AeroFarms
- Lufa Farms
- Gotham Greens
- Sky Greens
- Plenty (Bright Farms)
- Mirai
- Spread
- Scatil
- TruLeaf
- Sky Vegetables
- GreenLand
- Nongzhongwulian
- SANANBIO
- AgriGarden
Industry Market Size
