Global Vertical Farming and Plant Factory Sales Market Report 2024
Market Analysis and InsightsGlobal Vertical Farming and Plant Factory Market
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.
Due to the COVID-19 pandemic, the global Vertical Farming and Plant Factory market size is estimated to be worth US$ 448.9 million in 2022 and is forecast to a readjusted size of US$ 2128.2 million by 2033 with a CAGR of 24.6% during the forecast period 2023-2033. Fully considering the economic change by this health crisis, Hydroponics accounting for % of the Vertical Farming and Plant Factory global market in 2022, is projected to value US$ million by 2033, growing at a revised % CAGR from 2023 to 2033. While Vegetable Cultivation segment is altered to an % CAGR throughout this forecast period.
Global Vertical Farming and Plant Factory main players are AeroFarms, Gotham Greens, Spread, Nongzhong Wulian, etc. Global top four manufacturers hold a share about 10%. North America is the largest market, with a share over 55%.
Global Vertical Farming and Plant Factory Scope and Market Size
The global Vertical Farming and Plant Factory market is segmented by company, region (country), type and application. Players, stakeholders, and other participants in the global Vertical Farming and Plant Factory market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), type and application for the period 2018-2033.
Segment by Type
Hydroponics
Aeroponics
Segment by Application
Vegetable Cultivation
Fruit Planting
Others
By Region
United States
Europe
China
Japan
Southeast Asia
India
Other Regions
By Company
AeroFarms
Lufa Farms
Gotham Greens
Sky Greens
Plenty (Bright Farms)
Mirai
Spread
Scatil
TruLeaf
Sky Vegetables
GreenLand
Nongzhongwulian
SANANBIO
AgriGarden
Table of Content
1 Vertical Farming and Plant Factory Market Overview
1.1 Vertical Farming and Plant Factory Product Scope
1.2 Vertical Farming and Plant Factory Segment by Type
1.2.1 Global Vertical Farming and Plant Factory Sales by Type (2018 & 2022 & 2033)
1.2.2 Hydroponics
1.2.3 Aeroponics
1.3 Vertical Farming and Plant Factory Segment by Application
1.3.1 Global Vertical Farming and Plant Factory Sales Comparison by Application (2018 & 2022 & 2033)
1.3.2 Vegetable Cultivation
1.3.3 Fruit Planting
1.3.4 Others
1.4 Vertical Farming and Plant Factory Market Estimates and Forecasts (2018-2033)
1.4.1 Global Vertical Farming and Plant Factory Market Size in Value Growth Rate (2018-2033)
1.4.2 Global Vertical Farming and Plant Factory Market Size in Volume Growth Rate (2018-2033)
1.4.3 Global Vertical Farming and Plant Factory Price Trends (2018-2033)
2 Vertical Farming and Plant Factory Estimates and Forecasts by Region
2.1 Global Vertical Farming and Plant Factory Market Size by Region: 2018 VS 2022 VS 2033
2.2 Global Vertical Farming and Plant Factory Retrospective Market Scenario by Region (2018-2023)
2.2.1 Global Vertical Farming and Plant Factory Sales Market Share by Region (2018-2023)
2.2.2 Global Vertical Farming and Plant Factory Revenue Market Share by Region (2018-2023)
2.3 Global Vertical Farming and Plant Factory Market Estimates and Forecasts by Region (2024-2033)
2.3.1 Global Vertical Farming and Plant Factory Sales Estimates and Forecasts by Region (2024-2033)
2.3.2 Global Vertical Farming and Plant Factory Revenue Forecast by Region (2024-2033)
2.4 Geographic Market Analysis: Market Facts & Figures
2.4.1 United States Vertical Farming and Plant Factory Estimates and Projections (2018-2033)
2.4.2 Europe Vertical Farming and Plant Factory Estimates and Projections (2018-2033)
2.4.3 China Vertical Farming and Plant Factory Estimates and Projections (2018-2033)
2.4.4 Japan Vertical Farming and Plant Factory Estimates and Projections (2018-2033)
2.4.5 Southeast Asia Vertical Farming and Plant Factory Estimates and Projections (2018-2033)
2.4.6 India Vertical Farming and Plant Factory Estimates and Projections (2018-2033)
3 Global Vertical Farming and Plant Factory Competition Landscape by Players
3.1 Global Top Vertical Farming and Plant Factory Players by Sales (2018-2023)
3.2 Global Top Vertical Farming and Plant Factory Players by Revenue (2018-2023)
3.3 Global Vertical Farming and Plant Factory Market Share by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Vertical Farming and Plant Factory as of 2022)
3.4 Global Vertical Farming and Plant Factory Average Price by Company (2018-2023)
3.5 Manufacturers Vertical Farming and Plant Factory Manufacturing Sites, Area Served, Product Type
3.6 Manufacturers Mergers & Acquisitions, Expansion Plans
4 Global Vertical Farming and Plant Factory Market Size by Type
4.1 Global Vertical Farming and Plant Factory Historic Market Review by Type (2018-2023)
4.1.1 Global Vertical Farming and Plant Factory Sales by Type (2018-2023)
4.1.2 Global Vertical Farming and Plant Factory Revenue by Type (2018-2023)
4.1.3 Global Vertical Farming and Plant Factory Price by Type (2018-2023)
4.2 Global Vertical Farming and Plant Factory Market Estimates and Forecasts by Type (2024-2033)
4.2.1 Global Vertical Farming and Plant Factory Sales Forecast by Type (2024-2033)
4.2.2 Global Vertical Farming and Plant Factory Revenue Forecast by Type (2024-2033)
4.2.3 Global Vertical Farming and Plant Factory Price Forecast by Type (2024-2033)
5 Global Vertical Farming and Plant Factory Market Size by Application
5.1 Global Vertical Farming and Plant Factory Historic Market Review by Application (2018-2023)
5.1.1 Global Vertical Farming and Plant Factory Sales by Application (2018-2023)
5.1.2 Global Vertical Farming and Plant Factory Revenue by Application (2018-2023)
5.1.3 Global Vertical Farming and Plant Factory Price by Application (2018-2023)
5.2 Global Vertical Farming and Plant Factory Market Estimates and Forecasts by Application (2024-2033)
5.2.1 Global Vertical Farming and Plant Factory Sales Forecast by Application (2024-2033)
5.2.2 Global Vertical Farming and Plant Factory Revenue Forecast by Application (2024-2033)
5.2.3 Global Vertical Farming and Plant Factory Price Forecast by Application (2024-2033)
6 United States Vertical Farming and Plant Factory Market Facts & Figures
6.1 United States Vertical Farming and Plant Factory Sales by Company
6.1.1 United States Vertical Farming and Plant Factory Sales by Company (2018-2023)
6.1.2 United States Vertical Farming and Plant Factory Revenue by Company (2018-2023)
6.2 United States Vertical Farming and Plant Factory Sales Breakdown by Type
6.2.1 United States Vertical Farming and Plant Factory Sales Breakdown by Type (2018-2023)
6.2.2 United States Vertical Farming and Plant Factory Sales Breakdown by Type (2024-2033)
6.3 United States Vertical Farming and Plant Factory Sales Breakdown by Application
6.3.1 United States Vertical Farming and Plant Factory Sales Breakdown by Application (2018-2023)
6.3.2 United States Vertical Farming and Plant Factory Sales Breakdown by Application (2024-2033)
7 Europe Vertical Farming and Plant Factory Market Facts & Figures
7.1 Europe Vertical Farming and Plant Factory Sales by Company
7.1.1 Europe Vertical Farming and Plant Factory Sales by Company (2018-2023)
7.1.2 Europe Vertical Farming and Plant Factory Revenue by Company (2018-2023)
7.2 Europe Vertical Farming and Plant Factory Sales Breakdown by Type
7.2.1 Europe Vertical Farming and Plant Factory Sales Breakdown by Type (2018-2023)
7.2.2 Europe Vertical Farming and Plant Factory Sales Breakdown by Type (2024-2033)
7.3 Europe Vertical Farming and Plant Factory Sales Breakdown by Application
7.3.1 Europe Vertical Farming and Plant Factory Sales Breakdown by Application (2018-2023)
7.3.2 Europe Vertical Farming and Plant Factory Sales Breakdown by Application (2024-2033)
8 China Vertical Farming and Plant Factory Market Facts & Figures
8.1 China Vertical Farming and Plant Factory Sales by Company
8.1.1 China Vertical Farming and Plant Factory Sales by Company (2018-2023)
8.1.2 China Vertical Farming and Plant Factory Revenue by Company (2018-2023)
8.2 China Vertical Farming and Plant Factory Sales Breakdown by Type
8.2.1 China Vertical Farming and Plant Factory Sales Breakdown by Type (2018-2023)
8.2.2 China Vertical Farming and Plant Factory Sales Breakdown by Type (2024-2033)
8.3 China Vertical Farming and Plant Factory Sales Breakdown by Application
8.3.1 China Vertical Farming and Plant Factory Sales Breakdown by Application (2018-2023)
8.3.2 China Vertical Farming and Plant Factory Sales Breakdown by Application (2024-2033)
9 Japan Vertical Farming and Plant Factory Market Facts & Figures
9.1 Japan Vertical Farming and Plant Factory Sales by Company
9.1.1 Japan Vertical Farming and Plant Factory Sales by Company (2018-2023)
9.1.2 Japan Vertical Farming and Plant Factory Revenue by Company (2018-2023)
9.2 Japan Vertical Farming and Plant Factory Sales Breakdown by Type
9.2.1 Japan Vertical Farming and Plant Factory Sales Breakdown by Type (2018-2023)
9.2.2 Japan Vertical Farming and Plant Factory Sales Breakdown by Type (2024-2033)
9.3 Japan Vertical Farming and Plant Factory Sales Breakdown by Application
9.3.1 Japan Vertical Farming and Plant Factory Sales Breakdown by Application (2018-2023)
9.3.2 Japan Vertical Farming and Plant Factory Sales Breakdown by Application (2024-2033)
10 Southeast Asia Vertical Farming and Plant Factory Market Facts & Figures
10.1 Southeast Asia Vertical Farming and Plant Factory Sales by Company
10.1.1 Southeast Asia Vertical Farming and Plant Factory Sales by Company (2018-2023)
10.1.2 Southeast Asia Vertical Farming and Plant Factory Revenue by Company (2018-2023)
10.2 Southeast Asia Vertical Farming and Plant Factory Sales Breakdown by Type
10.2.1 Southeast Asia Vertical Farming and Plant Factory Sales Breakdown by Type (2018-2023)
10.2.2 Southeast Asia Vertical Farming and Plant Factory Sales Breakdown by Type (2024-2033)
10.3 Southeast Asia Vertical Farming and Plant Factory Sales Breakdown by Application
10.3.1 Southeast Asia Vertical Farming and Plant Factory Sales Breakdown by Application (2018-2023)
10.3.2 Southeast Asia Vertical Farming and Plant Factory Sales Breakdown by Application (2024-2033)
11 India Vertical Farming and Plant Factory Market Facts & Figures
11.1 India Vertical Farming and Plant Factory Sales by Company
11.1.1 India Vertical Farming and Plant Factory Sales by Company (2018-2023)
11.1.2 India Vertical Farming and Plant Factory Revenue by Company (2018-2023)
11.2 India Vertical Farming and Plant Factory Sales Breakdown by Type
11.2.1 India Vertical Farming and Plant Factory Sales Breakdown by Type (2018-2023)
11.2.2 India Vertical Farming and Plant Factory Sales Breakdown by Type (2024-2033)
11.3 India Vertical Farming and Plant Factory Sales Breakdown by Application
11.3.1 India Vertical Farming and Plant Factory Sales Breakdown by Application (2018-2023)
11.3.2 India Vertical Farming and Plant Factory Sales Breakdown by Application (2024-2033)
12 Company Profiles and Key Figures in Vertical Farming and Plant Factory Business
12.1 AeroFarms
12.1.1 AeroFarms Corporation Information
12.1.2 AeroFarms Business Overview
12.1.3 AeroFarms Vertical Farming and Plant Factory Sales, Revenue and Gross Margin (2018-2023)
12.1.4 AeroFarms Vertical Farming and Plant Factory Products Offered
12.1.5 AeroFarms Recent Development
12.2 Lufa Farms
12.2.1 Lufa Farms Corporation Information
12.2.2 Lufa Farms Business Overview
12.2.3 Lufa Farms Vertical Farming and Plant Factory Sales, Revenue and Gross Margin (2018-2023)
12.2.4 Lufa Farms Vertical Farming and Plant Factory Products Offered
12.2.5 Lufa Farms Recent Development
12.3 Gotham Greens
12.3.1 Gotham Greens Corporation Information
12.3.2 Gotham Greens Business Overview
12.3.3 Gotham Greens Vertical Farming and Plant Factory Sales, Revenue and Gross Margin (2018-2023)
12.3.4 Gotham Greens Vertical Farming and Plant Factory Products Offered
12.3.5 Gotham Greens Recent Development
12.4 Sky Greens
12.4.1 Sky Greens Corporation Information
12.4.2 Sky Greens Business Overview
12.4.3 Sky Greens Vertical Farming and Plant Factory Sales, Revenue and Gross Margin (2018-2023)
12.4.4 Sky Greens Vertical Farming and Plant Factory Products Offered
12.4.5 Sky Greens Recent Development
12.5 Plenty (Bright Farms)
12.5.1 Plenty (Bright Farms) Corporation Information
12.5.2 Plenty (Bright Farms) Business Overview
12.5.3 Plenty (Bright Farms) Vertical Farming and Plant Factory Sales, Revenue and Gross Margin (2018-2023)
12.5.4 Plenty (Bright Farms) Vertical Farming and Plant Factory Products Offered
12.5.5 Plenty (Bright Farms) Recent Development
12.6 Mirai
12.6.1 Mirai Corporation Information
12.6.2 Mirai Business Overview
12.6.3 Mirai Vertical Farming and Plant Factory Sales, Revenue and Gross Margin (2018-2023)
12.6.4 Mirai Vertical Farming and Plant Factory Products Offered
12.6.5 Mirai Recent Development
12.7 Spread
12.7.1 Spread Corporation Information
12.7.2 Spread Business Overview
12.7.3 Spread Vertical Farming and Plant Factory Sales, Revenue and Gross Margin (2018-2023)
12.7.4 Spread Vertical Farming and Plant Factory Products Offered
12.7.5 Spread Recent Development
12.8 Scatil
12.8.1 Scatil Corporation Information
12.8.2 Scatil Business Overview
12.8.3 Scatil Vertical Farming and Plant Factory Sales, Revenue and Gross Margin (2018-2023)
12.8.4 Scatil Vertical Farming and Plant Factory Products Offered
12.8.5 Scatil Recent Development
12.9 TruLeaf
12.9.1 TruLeaf Corporation Information
12.9.2 TruLeaf Business Overview
12.9.3 TruLeaf Vertical Farming and Plant Factory Sales, Revenue and Gross Margin (2018-2023)
12.9.4 TruLeaf Vertical Farming and Plant Factory Products Offered
12.9.5 TruLeaf Recent Development
12.10 Sky Vegetables
12.10.1 Sky Vegetables Corporation Information
12.10.2 Sky Vegetables Business Overview
12.10.3 Sky Vegetables Vertical Farming and Plant Factory Sales, Revenue and Gross Margin (2018-2023)
12.10.4 Sky Vegetables Vertical Farming and Plant Factory Products Offered
12.10.5 Sky Vegetables Recent Development
12.11 GreenLand
12.11.1 GreenLand Corporation Information
12.11.2 GreenLand Business Overview
12.11.3 GreenLand Vertical Farming and Plant Factory Sales, Revenue and Gross Margin (2018-2023)
12.11.4 GreenLand Vertical Farming and Plant Factory Products Offered
12.11.5 GreenLand Recent Development
12.12 Nongzhongwulian
12.12.1 Nongzhongwulian Corporation Information
12.12.2 Nongzhongwulian Business Overview
12.12.3 Nongzhongwulian Vertical Farming and Plant Factory Sales, Revenue and Gross Margin (2018-2023)
12.12.4 Nongzhongwulian Vertical Farming and Plant Factory Products Offered
12.12.5 Nongzhongwulian Recent Development
12.13 SANANBIO
12.13.1 SANANBIO Corporation Information
12.13.2 SANANBIO Business Overview
12.13.3 SANANBIO Vertical Farming and Plant Factory Sales, Revenue and Gross Margin (2018-2023)
12.13.4 SANANBIO Vertical Farming and Plant Factory Products Offered
12.13.5 SANANBIO Recent Development
12.14 AgriGarden
12.14.1 AgriGarden Corporation Information
12.14.2 AgriGarden Business Overview
12.14.3 AgriGarden Vertical Farming and Plant Factory Sales, Revenue and Gross Margin (2018-2023)
12.14.4 AgriGarden Vertical Farming and Plant Factory Products Offered
12.14.5 AgriGarden Recent Development
13 Vertical Farming and Plant Factory Manufacturing Cost Analysis
13.1 Vertical Farming and Plant Factory Key Raw Materials Analysis
13.1.1 Key Raw Materials
13.1.2 Key Raw Materials Price Trend
13.1.3 Key Suppliers of Raw Materials
13.2 Proportion of Manufacturing Cost Structure
13.3 Manufacturing Process Analysis of Vertical Farming and Plant Factory
13.4 Vertical Farming and Plant Factory Industrial Chain Analysis
14 Marketing Channel, Distributors and Customers
14.1 Marketing Channel
14.2 Vertical Farming and Plant Factory Distributors List
14.3 Vertical Farming and Plant Factory Customers
15 Market Dynamics
15.1 Vertical Farming and Plant Factory Industry Trends
15.2 Vertical Farming and Plant Factory Market Drivers
15.3 Vertical Farming and Plant Factory Market Challenges
15.4 Vertical Farming and Plant Factory Market Restraints
16 Research Findings and Conclusion
17 Appendix
17.1 Research Methodology
17.1.1 Methodology/Research Approach
17.1.2 Data Source
17.2 Author List
17.3 Disclaimer